Should you buy a house in 2020? Interest rates are low, housing supply is low, demand is high, and the prices of houses are at record highs. In this video, we will discuss how interest rates affect a home buyer's ability to squeeze a more expensive home into their budget. This ultimately forces the price of housing to go up.
Before buying a home, you should make sure that you follow my 4 home basics as discussed in this video. My 4 home buying basics are criteria that I feel every person who is in the market for a home should make sure they follow.
My personal thoughts are shared at the end of the video as someone who has been in the market for a new home for a few years now.
Low mortgage rates also allow people to invest their money into assets that yield higher returns. This allows them to actually make up the price of the interest of the mortgage. However, this requires discipline to do properly.
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ABOUT ME ๐
My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
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