Summary of Spencer Rascoff & Stan Humphries's Zillow Talk

Everest Media

Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 People still believe that buying a house is the best way to grow your money, even though the housing market has bottomed out and foreclosures are still on the rise.
#2 According to data compiled by the World Bank, the US stock market is worth more than $18. 7 trillion. The housing market is even bigger, with estimates suggesting that the value of America’s housing stock is more than $25.
#3 The returns on real estate are better than stocks. The risks are lower, and the benefits are more significant.
#4 The idea that young professionals should rent while happy families in the ’burbs should own is rooted in popular culture and the expectations of our family and friends. But our thinking about homeownership is mostly based on sentiment.

Sujets

• Business
• Economics
• Employabilité, métiers et formations
• Real Estate
• Buying Homes
• Selling Homes

Informations

• Publié par: Everest Media LLC
• Date de parution: 17 mai 2022
• Nombre de lectures: 0
• EAN13: 9798822514423
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Insights on Spencer Rascoff & Stan Humphries's Zillow Talk
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5
Insights from Chapter 1

#1

People still believe that buying a house is the best way to grow your money, even though the housing market has bottomed out and foreclosures are still on the rise.

#2

According to data compiled by the World Bank, the US stock market is worth more than $18. 7 trillion. The housing market is even bigger, with estimates suggesting that the value of America’s housing stock is more than $25.

#3

The returns on real estate are better than stocks. The risks are lower, and the benefits are more significant.

#4

The idea that young professionals should rent while happy families in the ’burbs should own is rooted in popular culture and the expectations of our family and friends. But our thinking about homeownership is mostly based on sentiment.

#5

The breakeven horizon is the number of years it would take for buying to be cheaper than renting a home, and it varies depending on the area and the circumstances of each individual. It is a fundamental factor that should be considered when deciding whether to buy or rent a home.

#6

The breakeven horizon addresses the problems of existing metrics by converting the relevant information into a single number that actually means something to home shoppers. It is the number of years after which the real costs of buying become less than or equal to the real costs of renting.

#7

If the Joneses decide to rent, it simply means that they won’t end up living in a house that’s bigger than they need after the kids go to college. Instead of paying high property taxes, mortgage payments, and other costs of homeownership, they’ll have the flexibility to move if they so desire.

#8

By analyzing the data, we can pinpoint patterns that tell us whether and how quickly a neighborhood's homes are likely to increase in value. The factors that determine these patterns range from the basic to the controversial to the surprising.

#9

It is important to consider future location when buying a home. The best strategy isn’t necessarily to buy a home in the most desirable part of town. Sometimes, it’s to buy a home in the neighborhood that’s going to become the most desirable part of town.

#10

The same phenomenon exists in most major cities, where the homes near the city center are the most valuable and tend to stay that way. The outlying homes, on the other hand, tend to become much more valuable as time goes on.

#11

The easiest way to find a hot spot is to look at one of the neighborhoods that has already taken off. As more and more people move into these surrounding neighborhoods, their home values will appreciate in value even more quickly than the homes in the premier neighborhood.

#12

The halo effect is not present in every city. In Seattle, for example, neighborhoods surrounding the Laurelhurst neighborhood did not grow any faster than those that did not.

#13

The Halo Effect and gentrification are two of the most powerful forces shaping American cities today. They change neighborhoods through proximity and access, but they can also change neighborhoods rapidly through a process called gentrification.

#14

The forces of gentrification may bring a massive influx of wealth, but they don’t always benefit the people who have lived there for years.