What We Can Learn From 8% Mortgage Interest Rates

With mortgage rates at 8% for 30 year loans, an average priced home now costs over $3,000 per month with hundreds of thousands more paid over the life of the loan. Today, Paul wants investors to know that spending most of your income on real estate is actually similar to having an investment portfolio that contains mostly large US companies. Listen along as Paul shares how it’s more dangerous to be overinvested in any one area and why your financial situation may have risks that you can’t even see. Later in the episode, Paul talks about how investors are sold investments based on past performance and predictions of the future and how to get out of a cycle of buying high and selling low when things don’t work out.

 

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