Ask Paula: Should You Buy Real Estate in Today’s Economy?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Investing, Entrepreneurship, Business

4.7 • 3.6K Ratings

🗓️ 6 July 2023

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#449: Jackie is a 42-year-old paralegal with two rental properties. She wants to buy three more. She asks for Paula’s thoughts about today’s economy. Should she buy under these economic conditions? Jen’s husband will retire with a pension that pays twice their living expenses. Does she still need her own retirement account? Rachael just bought a duplex, which she wants to househack. But she’s having second thoughts. Did she bite off more than she can chew? “Minouche” is a return caller with new information: she believes that borrowing from Dad is her only path to home ownership. Does this change Paula and Joe’s advice to her? (And is it even true?) And Molly, a concerned mom, shares some thoughts about this situation. Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it here. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe, our faces are on YouTube.
0:03.6	Oh no.
0:04.6	Yeah, it's true.
0:05.6	And I wore my best t-shirt too for the moment.
0:07.6	What does it say?
0:08.6	What's on that shirt?
0:09.6	It says M22, which is this Michigan highway that goes around the Leland,
0:14.1	peninsula, which is wine country.
0:15.6	Michigan is beautiful.
0:16.6	You see views alike, Michigan and Grand Traverse Bay, the entire way.
0:20.2	So I put this shirt on while I'm sitting here in Texas.
0:23.8	And I dream about being someplace where it's actually cooler and there's a breeze.
0:28.0	How?
0:29.0	It's not 120% humidity.
0:31.0	My blood pressure goes down.
0:32.8	Be in the present, Joe.
0:34.6	I am.
0:35.6	Find the beauty of where you are.
0:37.6	I am.
0:38.6	I am currently with you getting ready to record and afford anything, Joe.
0:42.1	No.
0:43.1	And dreaming about Northern Michigan while I do it.
	...

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