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Afford Anything | Make Smart Money Choices

Are We Due For Another Housing Market Crash?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 3 April 2021

⏱️ 42 minutes

🧾️ Download transcript

Summary

#309: Are we in a housing bubble? Are we going to see a repeat of 2006 all over again? Are there any good investment deals to be found right now? These are the questions playing on many people's minds, and we seek to explore the answers in today's First Friday bonus episode. We start by exploring some of the forces that are at play in today's real estate market. What separates the market of 2006 from the market of today? In the second half of the episode, Paula explains how and why she chose to buy a duplex in Indianapolis, despite it being a seller's market. There are deals to be had if you know where to look and what to look for. Enjoy! For more information, visit the show notes at https://affordanything.com/episode309  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything, but not everything.

0:11.4

Every choice that you make is a trade-off against something else and that doesn't just

0:14.6

apply to the way that you spend and invest your money.

0:17.6

That applies to the way that you spend and invest your time, your focus, your energy,

0:22.7

your attention to any limited resource that you need to manage.

0:27.4

That opens up two questions. First, what matters most?

0:31.3

Second, how do you align your decision-making with that which matters most?

0:38.0

Answering those two questions is a lifetime practice and that is what this podcast is here

0:42.5

to explore and to facilitate.

0:45.4

My name is Paula Pant. I am the host of the Afford Anything Podcast.

0:49.2

On the first Friday of every month, we host a first Friday bonus episode.

0:54.7

This is an extra episode that we do outside of our normal weekly routine and so welcome

0:59.4

to the April 2021 first Friday bonus episode.

1:04.5

In today's episode, I'm going to be discussing real estate in the context of 2021.

1:10.6

How to buy a home in a hot market.

1:14.4

I just closed on a duplex in Indianapolis.

1:18.1

So it's an out-of-state duplex prior to January 2021.

1:22.1

I never set foot in this location and so from a distance, as an out-of-state landlord,

1:28.1

I learned the city made an offer, bought a duplex and I did it all in a very hot market.

1:34.9

I understand that that is just one single anecdotal case study, of course.

1:38.9

In today's episode, I'll share the story of how I approached this and also contextualize

1:44.7

that with a deeper understanding of some of the forces that are at play in the real estate

...

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