The Reality Behind High Home Prices, with BiggerPockets CEO Scott Trench

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 25 August 2023

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

#458: Today we chat with Scott Trench, the CEO and President of BiggerPockets, a real estate investing education company with more than 2 million members. He joins us to share cutting-edge insights on today’s real estate market. We discuss economic trends, demographic shifts, and talk about how interest rates impact home buyers. Whether you're a potential homebuyer, an investor, or simply curious about the housing market, this conversation will shield light on what’s REALLY happening in today’s confusing real estate market. For more information, visit the show notes at https://affordanything.com/episode458 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	We all know the interest rates are high.
0:02.6	As of August 23rd, 2023, the national average for a 30-year fixed rate mortgage stood
0:08.6	at 8.03%.
0:11.5	The mortgage rate is now the highest that it's been since the year 2000, and home buying
0:17.1	activity is at the lowest level it's been since 1995.
0:21.7	Why do home prices keep rising?
0:25.7	Here to discuss that today is the CEO and president of Bigger Pockets, Scott Trench.
0:32.5	Welcome to the Afford Anything Podcast, the show that understands you can afford anything,
0:36.8	but not everything.
0:38.9	Every decision that you make is a trade-off against something else, and that doesn't just
0:41.8	apply to your money.
0:43.1	That applies to your time, your focus, your energy, your attention, to any limited resource
0:48.6	that you need to manage.
0:50.3	So, what matters most, and how do you make decisions accordingly?
0:55.3	That is what this podcast is here to address.
0:58.9	My name is Paula Pant, I'm the host of the Afford Anything Podcast.
1:03.0	As I mentioned in today's episode, we will be chatting with the CEO and president of Bigger
1:08.9	Pockets, which is a real estate investing education group that has over 2 million members.
1:16.4	In this conversation, which we recorded in person in Afford Anything's newest studios in
1:22.9	the financial district of Manhattan, and by the way, tune into YouTube if you actually
1:27.6	want to see it in person.
1:28.6	It's not going to be up quite yet.
	...

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