Want to Get Wealthy Off Your Home? It May Not Be the Best Time to Buy

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 28 June 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Your home may be the biggest purchase you ever make. But high prices and mortgage rates mean that it’s becoming increasingly difficult to get wealthy from buying a home. Are we at the top of the market, and should that stop you from buying a home? WSJ chief economics commentator Greg Ip joins host J.R. Whalen to discuss. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:24.2	ek slash special offer. Here's your money briefing for Friday June 28th I'm
0:32.1	J. R. Whelan for the Wall Street Journal.
0:37.4	You might think twice about buying a stock if it was at the top of the market with little
0:41.4	room for your investment to grow. With prices
0:44.3	and mortgage rates still high, some prospective homebuyers may want to apply the
0:48.8	same scrutiny before making a purchase. For most of us, buying a house is a place to live.
0:54.0	It's increasingly also a place to work.
0:56.0	Maybe it's a place to homeschool your children, a place to do your gym classes.
1:00.0	If you're looking at a home as an investment, a place to build up your wealth, this is not a great time to buy a house.
1:06.0	W.S.J. Chief Economics commentator Greg Ipf will join us.
1:10.0	After the break.
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	...

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