I bought my first house back in 1978, shortly after leaving college. Since then, I’ve bought and sold a fair amount of property, including raw land, apartments and homes, and made good money doing it.
Recently I began thinking of buying another home and converting my current one into a vacation rental property.
But is now the time to buy? Real estate, like the stock market, has been red-hot in many parts of the country, aided by historically low mortgage rates. But the economy is showing signs of stress: unemployment is at levels not seen since the great recession, and government-mandated foreclosure moratoriums will expire at year-end, which could hurt home prices.
So the question is, should I buy now, or wait till the dust settles? That’s just one of the topics on this week’s “Money” podcast. We invited real estate podcaster Mindy Jensen from Deeper Pockets to be our guest. We talked to her about whether it’s time to buy, how to get started, whether rental real estate is a good investment and lots of other things. If you’re considering buying a house or investing in any kind of real estate, you’ll like this one.
As usual, I share the broadcast booth with longtime financial journalist and fellow podcaster Miranda Marquit. Sit back, relax and give it a listen!
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