Talk Your Book: Help With Your Down Payment From Unison

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 27 May 2019

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's Talk Your Book we sat down with Brodie Gay of Unison to discuss the difficulty of coming up with a down payment on a house, why it could make sense to share in the upside of your home, the investment opportunity in residential real estate, why real estate will play such a pivotal role in most people's retirement plans and why leveraging the roof over your head can be so dangerous. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Today's Animal Spirits Talk Your Book is presented by Unison.
0:02.8	Welcome to Animal Spirits, a show about markets, life, and investing.
0:08.2	Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.
0:14.0	Michael Batnick and Ben Carlson work for Ritholz Wealth's Wealth Management.
0:18.0	All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions
0:22.0	and do not reflect the opinion of
0:24.1	Ritt Holt's wealth management.
0:25.6	This podcast is for informational purposes only and should not be relied upon for investment decisions.
0:30.6	Clients of Ritt Holt's wealth management may maintain positions in the securities
0:33.7	discussed in this podcast. Okay Michael I have a quiz for you. Is it A, B, C, D? No, no letters
0:40.9	for you. Let's say you wanted to say for five years to buy the median house in San Francisco.
0:48.0	Let's take away interest in any earnings on the savings.
0:51.0	So over five years... What's a median home? Is it 15 million? So the
0:55.8	median home price is between 1.3 and 1.4 million dollars in San Francisco. How much
1:00.8	would you have to save per month to get that down payment in five years?
1:04.0	Are you investing that money? Let's assume no growth on the money, but even if it was it wouldn't change things very much.
1:10.0	Are you asking me to do 1.4 million divided by 60 monthly payments?
1:14.0	You just tell you the answer?
1:16.4	It would be like $4,500 a month.
1:19.4	That's a lot of money.
1:20.4	They'd have to save.
1:21.4	If we're talking in New York York City which the average or medium
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Compound, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Compound and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.