Ask Paula: Should You Buy Real Estate in Todays Economy?

Published: July 6, 2023, 4:58 p.m.

#449: Jackie is a 42-year-old paralegal with two rental properties. She wants to buy three more. She asks for Paula\u2019s thoughts about today\u2019s economy. Should she buy under these economic conditions?\nJen\u2019s husband will retire with a pension that pays twice their living expenses. Does she still need her own retirement account?\nRachael just bought a duplex, which she wants to househack. But she\u2019s having second thoughts. Did she bite off more than she can chew?\n\u201cMinouche\u201d is a return caller with new information: she believes that borrowing from Dad is her only path to home ownership. Does this change Paula and Joe\u2019s advice to her? (And is it even true?) And Molly, a concerned mom, shares some thoughts about this situation.\nFormer financial planner Joe Saul-Sehy and I tackle these four questions in today\u2019s episode.\nEnjoy!\n\nP.S. Got a question? Leave it here.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices