OVER DEZE AFLEVERING
More than half of homeowners are locked into a rate under 4%, and an estimated 1.7 million home sales never happened because of it. Daniel Sosa, a mortgage broker who started in the business in 2007, tells Jerremy Alexander Newsome and Dave Conley he never charges the $1,300 to $2,500 in ancillary fees most banks build into every closing, saving clients $7,000 to $9,000 per transaction on average. He walks through the bank statement and profit-and-loss programs self-employed borrowers use to qualify without tax returns, and says entry-level buyers in his market now need six figures of household income just to qualify. For the first time in his 20-year career, he says, it's cheaper to rent than to own.
Timestamps:
- (00:00) 1.7 million home sales – that never happened, explained
- (06:40) The $2,500 bank fee – he flatly refuses to ever charge
- (14:40) Self-employed buyers – who qualify for a mortgage without tax returns
- (20:21) Renting now beats buying – for the first time in his career
Connect:
Engels
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OUDE AFLEVERINGEN ZOEKEN
Zoek naar eerdere afleveringen van Solving America's Problems.
ANDERE AFLEVERINGEN IN DEZE PODCAST
America once had millions of single-room-occupancy units — the cheapest legal housing in the country — and cities spent decades tearing them down. Ryan Puzycki calls this lost category the "banished bottom," and traces the rise of chronic homelessness to almost the same years those unit…
The ten-year Treasury just hit 5%, and the Fed hiked for the first time since 2023. Jerremy Alexander Newsome and Dave Conley walk through what that does: a weaker dollar, higher asset prices, Bitcoin at $84,836, and, in Jerremy's view, an 85% likelihood of a recession or depression within ten year…
In 1976, homes under 1,400 square feet made up a third of new construction; by 2020, that number had fallen to 7%. Gene Eidelman arrived in the U.S. as a refugee from the former Soviet Union, got his real estate license within a year, and sold $100 million in property within three years. He's since…
Houston cut its homeless population by 60 to 70 percent over the past decade — while San Francisco spends roughly five times more per person for worse results. Ryan Puzycki says Houston made it easy to build housing, then used homeless dollars for rapid rehousing instead of expensive permanen…
Austin added new housing three times faster than the rest of the country for a decade — rents dropped below the national average, and young families left anyway, in numbers big enough that schools are now closing. Ryan Puzycki, who sits on Austin's zoning board, says outdated codes banned ent…
Disclaimer: De podcast en de illustraties die op deze pagina zijn ingesloten, zijn afkomstig van Jerremy Alexander Newsome & Dave Conley, eigendom van de eigenaar en niet gelieerd aan of goedgekeurd door Listen Notes, Inc.
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