What if You Can No Longer Live in Your Home? You Have Options

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 19 May 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After buying your home, sustaining homeownership can be financially overwhelming as renovations and ongoing maintenance, on top of monthly mortgage payments, put pressure on personal finances. In the final installment of Your Money Briefing’s series “Buying a Home and Keeping It,” we look at resources available to homeowners and pitfalls to avoid. 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	OCI is the single platform for your infrastructure, database, application development, and AI needs.
0:07.0	Do more and spend less like Uber 8 by 8 and DataBrix Mosaic.
0:12.0	Take a free test drive of OCI at Oracle.com
0:15.5	slash Wall Street.
0:19.6	Welcome to a special edition of your money briefing.
0:22.3	It's Sunday, May 19th. I'm J. R. Whelan for the Wall Street Journal.
0:27.0	This is the fourth and final installment of our series, buying a home and keeping it.
0:32.0	Over the past three weeks, we've... buying a home and keeping it.
0:33.2	Over the past three weeks, we've explored how buying a home and sustaining
0:37.1	home ownership is no easy task.
0:40.1	From finding the best mortgage to budgeting for repairs and renovations, they don't come cheap.
0:45.0	Oh my God, when I went into it, I would definitely say I didn't know what exactly I was getting
0:51.8	myself into.
0:53.0	And so we're like, oh my goodness,
0:54.8	is this a good decision or not?
0:57.0	That in over our heads feeling can't always be fended off.
1:00.3	And just because you can afford to live in your home now,
1:03.0	it doesn't necessarily mean you'll be able to afford to live there in the future.
1:07.0	Life happens, and sometimes unforeseen events can have a devastating impact on your personal finances.
1:13.6	We'll talk to officials from Neighbor Works America
1:16.1	and the Consumer Financial Protection Bureau
1:18.4	about resources available to homeowners
	...

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