The $18,118 Disaster Homeowners Didn’t See Coming (82% Have Regrets) | 1478

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 1 May 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we explore the escalating costs of home ownership, driven by rising maintenance, insurance, and property taxes, with data from Bankrate's 2024 study. We highlight the real-life impact on homeowners like Emily, who face unforeseen expenses and stress. Meanwhile, big investors are capitalizing on the market by leveraging economies of scale and professional management, treating real estate strictly as a cash-producing asset. The episode ends with an invitation to a workshop in Las Vegas aimed at teaching aspiring investors how to navigate and succeed in the changing housing landscape. ...about that thing in Vegas I'm doing: https://docs.google.com/document/d/1WCsH9-05vQzgZf9MAGBpUahyTqBcu9VgVqQ8pcACMT8/edit?tab=t.0 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terio Media.
0:04.0	Hey, strap in!
0:07.0	It's time for the epic real estate investing show.
0:10.0	We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair.
0:19.0	If you're looking for some one-on-one help, meet us at
0:21.7	rei-aise.com. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go.
0:28.4	The American dream of homeownership may be further out of reach as the average cost of a house
0:33.8	is becoming harder to afford. A new bank rate study just found the average homeowner bleached $18,118 a year before the mortgage.
0:42.3	That's a 26% spike in just four years.
0:45.3	That affects the cost of homeownership.
0:47.3	No wonder people can't buy home.
0:49.3	If nobody could afford to buy a house, then how the fuck do they keep getting more expensive?
0:53.3	You see, owning a house used to be the safest bet in America. Today, it's a financial minefield nobody's warning you about. According to Bank Rates'
1:01.5	$2024 hidden cost of homeownership study, the average homeowner now spends $1,10 a month on non-mortgage costs, property taxes, insurance, maintenance, repairs, utilities.
1:12.2	That's $18,000 a year just to keep the lights on and the roof standing. And it's accelerating fast.
1:18.2	Homeownership costs have jumped 26% since 2020. High-cost states like Hawaii, California, and
1:24.1	Massachusetts, hidden bills ballooned to $25,000 to $29,000 annually, and the pain points
1:29.9	are brutal. Average insurance nationwide is $2,285 a year, up sharply. Florida's average,
1:36.6	double that, and still rising. Mainance costs? Anywhere from $4,000 to $22,000, depending on your
1:42.2	home's age. HOA dues, up 8 to 12% nationally over the last two years, with fewer services.
1:48.9	And good luck finding contractors.
1:50.7	Labor shortages mean repair costs have doubled in some states since 2019.
	...

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