Listener Question: “Is buying a house actually a bad idea?”
Money Rehab with Nicole Lapin
Money News Network
4.6 • 1.7K Ratings
🗓️ 14 April 2021
⏱️ 9 minutes
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| 0:00.0 | Hey guys, are you ready for some money rehab? |
| 0:05.0 | Wall Street has been completely upended by an unlikely player. Game stop. |
| 0:09.7 | Dean and should I have a 401k cuz then I have to do it? No, I know. |
| 0:19.6 | Charge for wasting our time. I will take a check. |
| 0:24.8 | We're gonna fall. |
| 0:27.3 | You recognize her from anchoring on CNN, CNBC and Bloomberg. |
| 0:31.7 | The only financial expert you don't need a dictionary to understand. |
| 0:36.1 | Nicole Lapin. |
| 0:38.1 | One of the most common questions I get asked is about buying a house. |
| 0:43.4 | I get it. A house is more than just bricks and wood and mortar stuff or whatever houses are made of. |
| 0:52.9 | That is not my job, but buying a house is and sometimes it's just not the right time for you. |
| 1:00.0 | Specifically you, no matter what other people are doing. I know it can feel like everybody's |
| 1:04.3 | buying a house. This is the way to financial freedom. It can be, but honestly it's not for everyone |
| 1:11.5 | and it's not for everyone at every point in their lives. For all of these reasons, |
| 1:17.4 | a home should not put you into financial prison. I get it. It's security. It's a nest. You want |
| 1:23.6 | to nest your face off, but I am not going to allow you to be house poor. It can be a good financial move. |
| 1:31.2 | Maybe, but maybe not. So let's figure this out together. Christian from Baltimore asks us this |
| 1:37.6 | question about home buying. I've been seeing some of the people I went to college with posting |
| 1:41.6 | pictures on Facebook about buying houses. Now, of course, I'm wondering if I should be too. How do |
| 1:47.7 | you know if it's the right time to buy a house? Kristen, Kristen, Kristen. With interest rates |
| 1:55.8 | slashed, Kristen and a lot of folks who are writing in and chiming in on this really want to get a |
| 2:02.5 | house. I understand that it seems like a great time to buy a house with interest rates super duper low. |
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