In this episode of the Consumerism Commentary Podcast Tom Dziubek and I discuss home purchasing and ownership with David Crook, editor of the Wall Street Journal Sunday and author of Complete Home Owner’s Guidebook and Complete Real-Estate Investing Guidebook.
Within today’s podcast, David Crook shares his evaluation of today’s real estate market and offers suggestions for buying and managing a home.
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[00:00] Introduction from Flexo and a reminder about Money Quantum
[00:44] Interview with David Crook
— [01:24] Collapse of the real estate bubble and its effect on home buying
— [01:41] Borrowing money to finance a house in the current market
— [05:59] The emotional aspect of purchasing a house
— [08:15] Buying vs. renting
— [11:35] Tips for first time home buyers
— [14:40] Owning and managing a home in a troubled market
— [15:40] — for first time home buyers
— [16:20] — for those who have purchased a home in the “early cycle”
— [16:42] — for those who have owned a home during the “mid and late cycles”
— [19:48] Government assistance for “early cycle” buyers affected by the market
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Updated May 7, 2014 and originally published August 16, 2009.