Your Financial Pharmacist: YFP 244: 6 Common Home Buying Debates

YFP 244: 6 Common Home Buying Debates

Feb 24, 2022

Nate Hedrick, the Real Estate RPh, is back on the show discussing 6 common home buying debates.

Key Points From This Episode

An introduction to today’s guest, Nate Hedrick, co-host of the YFP Real Estate Investing Podcast.
Why home-buying decisions are not absolutes, but rather another aspect of the financial plan.
How there’s no wrong way to go about financial planning, it just matters what you care about.
Some of the pros and cons of 20% and why the most important question is what your capabilities are.
Nate’s thoughts on the opportunity cost of money that’s being tied up in low-interest rate debt.
Building versus buying and who each option is best suited to.
Buying property with and without student loans.
Weighing up buying a starter home versus buying a forever home.
Why the term ‘forever home’ is a bit of a misnomer.
The benefit of having multiple exit strategies.
Why renting is not necessarily a terrible financial choice.
The unforeseen costs of owning a home.

Links Mentioned in Today’s Episode