460: The Fast Road to FIRE and Our Housing Market Crash Predictions | Ask Mindy and Scott

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 click here to submit your question on our next Q&A episode!

In This Episode We Cover

Could the housing market crash? And if so, which areas will be most affected?

Crazy credit card debt and whether selling your home is worth being debt-free

Should you stay in a house you hate just because you have a low rate?

When leaving your business to go back to a W2 makes sense

Paying off your mortgage early vs. investing in stocks when rates are sky-high

The fastest path to financial freedom and whether stocks vs. real estate gets you there sooner

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

Scott's Instagram

Mindy on BiggerPockets

Grab Scott’s Book, “Set for Life”

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Money Moment

Money and Relationships: How to Have “The Talk” Before It’s Too Late w/Vivian Tu

Seriously—Why Hasn’t the Housing Market Crashed Yet?

Should You Pay Off Your Mortgage Early or Invest?

I Will Teach You To Be Rich Episode 80

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-460

 

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