Episode #460

Will the housing market crash? If you’re like most Americans, the economy is starting to feel a bit unsettling. But, with so many homeowners locked into low mortgage rates or owning their homes outright, is there even a possibility of a housing crash, regardless of whether a recession does happen? The answer isn’t as straightforward as most people think, and if you don’t know the facts, you could get caught off guard.

Mindy and Scott are back to answer YOUR money questions. This time, we’re taking questions from our Facebook Group, and MANY have to do with mortgage rates, home sales, and a potential crash. First, we answer what could cause a housing market crash in the near future. Then, a listener asks whether or not they should sell their home to pay off credit card debt. An investor wants to know if paying off their mortgage early beats the stock market, and a divorcee seeks to sell her home because of “bad juju.” The problem? She’s got a killer mortgage rate. Finally, we’ll debate stocks vs. real estate as the best path to FIRE!

Got a money question you want to ask Mindy and Scott? Head over to the BiggerPockets Money Facebook group, or head here to submit your question for our next Q&A episode: https://www.biggerpockets.com/moneyquestion?utm_source=youtube&utm_medium=description&utm_campaign=none

Show Notes at:
https://www.biggerpockets.com/blog/money-460?utm_source=youtube&utm_medium=description&utm_campaign=none
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Money and Relationships: How to Have “The Talk” Before It’s Too Late w/Vivian Tu:
https://www.biggerpockets.com/blog/money-457?utm_source=youtube&utm_medium=description&utm_campaign=none
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Seriously—Why Hasn’t the Housing Market Crashed Yet?
https://www.biggerpockets.com/blog/why-has-the-real-estate-market-not-crashed-yet?utm_source=youtube&utm_medium=description&utm_campaign=none
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Should You Pay Off Your Mortgage Early or Invest?
https://www.biggerpockets.com/blog/pay-off-mortgage?utm_source=youtube&utm_medium=description&utm_campaign=none
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I Will Teach You To Be Rich Episode 80:
https://www.iwillteachyoutoberich.com/80-sarah-kevin/
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Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

00:52 Money Moment

01:15 Will the Housing Market Crash?

09:47 Sell Home to Pay Off Credit Card?

17:28 Overpay Your Mortgage or Invest?

19:20 Sell My Low-Rate Home?

24:48 Stocks vs. Real Estate for FIRE

34:37 Post Your Question!