How The Housing Market Scammed An Entire Generation

If you were only 10 years old in 2008, then you were raised (by no choice) into a generation where home prices are now 8x median salaries, when your parents bought a home for 3x their median salaries. There are a few reasons that asset prices have gone up so much - ranging from federal policy, local politics, foreign investors, and more. Because of housing prices, most peoples' net worth is tied into their primary residence (which isn't really an asset in that it's not generating you income and you have to pay the equity off yourself). ⭐️ DOWNLOAD MY PERSONAL FINANCE TRACKER https://www.alicecee.com/personalfinancetracker ⭐️ EARLY RETIREMENT CALCULATOR https://www.financeplaybook.io/retirementsavings CHAPTERS 00:00 Introduction 01:18 Scam #1: Mortgage Interest Deduction 04:38 Scam #2: Zoning Laws 07:11 Scam #3: Investors 10:15 Scam #4: Inflation 12:44 Geographic Arbitrage 13:23 Turn Your House Into An Asset 14:29 Other Ownership Models 15:04 When Renting Is Better 🟢 Why 50 Year Mortgages Are A Bad Idea - https://youtu.be/RIadoOAVTB8 🟢 How Are People Affording These Car Payments - https://youtu.be/BeFr1wXckKc WHERE YOU CAN FIND ME 🟢 SUBSCRIBE TO MY PODCAST - https://open.spotify.com/show/6VCEJZeJmLKQ9fjudIXvlP 🟢 JOIN MY NEWSLETTER - https://www.financeplaybook.io/ 🟢 INSTAGRAM - https://www.instagram.com/alicecee_/ 🟢 THREADS- https://www.threads.com/@alicecee_ 🟢 TWITTER - https://x.com/TheAliceCee 🟢 LINKEDIN - https://www.linkedin.com/in/alicecee/