Ramit Sethi's Money Rules: Why Buying a Home Isn't Everything
Finance guru Ramit Sethi steps up fired up When faced with the perspective that owning a home is the pinnacle of financial growth through investments. This is really getting on my nerves! he shouted During a guest spot on entrepreneur Steven Bartlett’s show The Journal of a CEO podcast last July 2023. Purchasers facing elevated property costs are additionally grappling with persistent mortgage interest rates. A typical 25-year, fixed-rate loan currently stands as 4.74% . "The top factor we're seeing nowadays is... monetary policy," clarified the University of Calgary professor. economics professor Trevor Tombe Central banks have direct control over interest rates. By adjusting the total amount of money available, they aim to meet their primary goal of maintaining low and steady inflation. While many Canadians are waiting for the right moment to buy a house, Sethi has a different mindset altogether when it comes to homeownership and living a r...