What the hell is going on with the housing market? With Morgan Housel
The Hustle Daily Show
00:00
The Feeding Frenzy in the Real Estate Market
If you are an existing home owner, then the rise in home prices almost doesn't make that much of a difference to you. The homes for sale cost twice as much as they did two years ago, but you do not ave a house that doubled in value to sell to use for the down payment. So it creates this perpetual system where, if you own a house, your wealth goes up and up andUp and Up. And if you don't own a House, you're never getting into the game. Unless you have a rich parent or a rich unclewho's goig to make your down payment. Good luck. i would hate to afirst time home owner looking in this
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