Tag: mortgage

Posted on

The Great Transition of the US Housing Market

Since the pandemic began in the spring of 2020, we’ve witnessed an unparalleled explosion of price growth in all forms of housing. Until the peak in June 2022, single family home prices rose 45%. But prospective home owners weren’t the only ones biting their nails. Rents also rose over 15%, peaking in late 2022.

The culprit behind this price shock is fundamental: low supply and high demand. Today we examine the origins of these conditions and whether or not it’s a good time to buy.

Continue reading “The Great Transition of the US Housing Market”
Posted on

QA8: What If We Run Out of Water?

We’re back to the digital mailbag to answer your questions!

For this week:

  • Thoughts on the bear market
  • Getting invested with a Health Savings Account
  • Paying for education with retirement accounts
  • My philosophy on rest from climbing
  • How to develop financial mentorship in the climbing community
  • Travel and rescue insurance ideas
  • Determining a cost-effective approach to climbing destinations
  • Should I open an IRA if my employer doesn’t offer a 401(k) match?
  • How to not get wrecked moving from sport climbing or bouldering to trad climbing
  • The risks of owning property in an area that could be running out of water
  • Getting a home loan with inconsistent income history
Continue reading “QA8: What If We Run Out of Water?”
Posted on

And We’re Back to Home Ownership! But Why Now?

After years of planning, overanalyzing, and thinking too much, in July we listed our house in Denver for sale and hit the road. Our goal was to spend up to a year traveling in search of our next home base. Five months later and we are back to the game of home ownership again.

In this post we examine the unexpected location of our new home, the current home buying environment, and a hard look at whether current mortgage interest rates are the final incentive to jump into home ownership. Should you consider home ownership right now?

In our minds, we always assumed we’d end up back in Flagstaff, Arizona, where we both lived a decade ago while I attended graduate school.

Well, it didn’t turn out that way. So, where are you going to come visit us?

Continue reading “And We’re Back to Home Ownership! But Why Now?”
Proudly powered by WordPress