Why 80% of Americans Think Now is a Bad Time to Buy a Home
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 25 September 2023
⏱️ 8 minutes
🧾️ Download transcript
Summary
Discover why 80% of Americans think it is a bad time to buy a home. Is it just high interest rates, or is there another reason?
Are you on track for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle.
If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.
Your compounding rate, and how well you invest, matters!
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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 1250. |
| 0:02.8 | I'm gonna live no rich life. |
| 0:06.8 | Rich life. |
| 0:07.8 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.6 | yeah I'm full of time I'm gonna live a good life I'm gonna live a good life |
| 0:21.1 | a beautiful and glorious by you Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and |
| 0:30.3 | bosses on be wealthyy and Smart. |
| 0:33.9 | And now here's your host, Linda P. Jones. |
| 0:38.6 | Welcome to Be Wealthy and Smart. |
| 0:40.2 | I'm Linda P. Jones, America's Wealth Mentor, |
| 0:42.4 | Empowering women and Men Worldwide to Financial Freedom. |
| 0:45.0 | On today's show, we're going to talk about why 80% of Americans think it's a bad time to buy a home. |
| 0:52.0 | Well, it's no surprise this is a very difficult housing |
| 0:56.3 | market and as we know listings are at about a 25 year low so there's not a |
| 1:02.4 | lot of inventory out there to choose from, which is one of the issues. |
| 1:06.8 | The other is of course high interest rates. But let's see what this article from Investopedia has to say. |
| 1:14.0 | And it starts out only 18% of Americans believe now is a good time to buy a home, |
| 1:19.1 | even as consumers report improved job security and financial health according to a new |
| 1:24.6 | survey from Fannie Mae. Well 82% think it's a bad time to buy, 87% of Gen Ziers |
| 1:32.2 | which are those people born between 1997 and 2012, |
| 1:36.4 | think it's the key to building wealth, |
| 1:38.8 | even those who feel the goal is out of reach for them, |
... |
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