The Clark Howard Podcast 01.19.26 The Condo Market Now / Moving Abroad
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Jan 19, 2026 The condo market is facing significant challenges, especially in coastal areas, creating risks and opportunities for potential buyers. Insurance costs and maintenance issues are crucial factors to consider. Meanwhile, a growing number of Americans are relocating overseas to reduce expenses and explore new lifestyles. Clark shares his valuable 'test drive' approach for those contemplating an international move, addressing essential factors like healthcare and taxes before making the leap.
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Lower Insurance Risk With Better Standards
- Improve building resilience to reduce insurability and premiums by adopting stricter construction standards.
- Use insurers' signals as guidance to reduce property risk rather than just blaming insurers.
Finance A Home Purchase Temporarily
- If buying a new home before selling your current one, seek short-term financing options like low/no-closing-cost mortgages or portfolio loans.
- Require no prepayment penalty so you can pay off the temporary loan immediately after your sale.
Use Low-Cost Short-Term Loans
- Ask mortgage brokers about low- or no-closing-cost loans and be willing to accept a slightly higher rate short-term.
- Confirm the loan has no prepayment penalty before closing.