Americans are Sacrificing an Arm and a Leg for the American Dream of Homeownership! episode artwork

EPISODE · Apr 11, 2024 · 13 MIN

Americans are Sacrificing an Arm and a Leg for the American Dream of Homeownership!

from The SatsMate Stack · host Paul SatsMate

Hey SatsCrew, Currently, we are witnessing the housing market get to a point where it is affordable to almost everyone who isn't paying cash. These prices in line with these interest rates make it almost impossible to buy at this time. In today's podcast, I try to dive into a recent Axios article that was published about sacrifices people are making for home ownership. Axios  Article recently out from AxiosIn life we all need to sacrifice for what we truly wantI’ve certainly made sacrifices that I’m not proud of, but I’ve also caved to a lot of the ways that millennials caveTo afford homeownership people took the followingLess vacationsSkipping mealsWorking additional hours and shiftsSold personal possessions Borrowed money from family and friendsTaking out money from retirementSkipping important medical treatmentsWorking extra jobs/side hustles/gig workReceiving gifts from familyWhat is driving up prices? Hard costs such as framing, foundations, drywall, HVAC, plumbing, electricalLabor is at an all-time high right nowSoft costs such as financing, marketing, sales, architecture, permit, impact, and sewer fees are also presentLand costs for in-demand places also going upWhat are you willing to sacrifice? I think Bitcoin provides a lot of the same property characteristics, without having to part with so much liquid capitalOverall these are just some of my high-level thoughts. I hope everyone prospers and can get into the home of their dreams. In the meantime, I am hedging against downside risk by trying to protect my wealth with hard assets like Bitcoin. I wish you all the best. Kind Regards,SatsMateBitcoin Buys: https://invite.strike.me/2MSTYGFinancial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investmentBitcoin, Financial Education, Federal Reserve, Gold Prices, Silver Prices, Bitcoin Prices, Macroeconomics, Financial Literacy, Debt Management, Personal FinanceSend us Fan MailSupport the showYoutube: SatsMateX: SatsMateInstagram: SatsMateswebsite: https://satsmate.wordpress.com/

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Hey SatsCrew, Currently, we are witnessing the housing market get to a point where it is affordable to almost everyone who isn't paying cash. These prices in line with these interest rates make it almost impossible to buy at this time. In today's podcast, I try to dive into a recent Axios article that was published about sacrifices people are making for home ownership. Axios Article recently out from AxiosIn life we all need to sacrifice for what we truly want...

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Americans are Sacrificing an Arm and a Leg for the American Dream of Homeownership!

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