Nomad™ or 20% Down Payments: Which Is Faster to Financial Independence?

Is it faster to financial independence by utilizing the Nomad™ real estate investing strategy or to save up and put 20% down instead? Well… it turns out it depends on where you live and not necessarily what the value of properties are in your market.

Black Knight Mortgage Monitor

The latest Black Knight Mortgage Monitor was released this week and it is AMAZING! Some really good info this month like this chart.

iBuyer Shares

I found out about this Fortune chart from John Wake’s post showing how iBuyer share price decline.

Law Passed Lowering Rents?!

Interesting article talking about a city that voted to force landlords to reduce rents.

US Consumer Price Index (CPI) for Shelter

Lon Welsh shared this chart showing the cost of shelter (aka housing) for CPI (aka inflation) is still rising.

And this chart showing that the cost of shelter is outpacing wage growth. Lon points out this is unsustainable.

Mortgage Rates Down Sharply

Mortgage Rates were down sharply at the end of the week.

Year-Over-Year Home Price

Bill McBride shares some good charts including this one showing Case-Shiller and NAR home price change. According to this home prices are still up overall over last year, but just not increasing at quite as fast of a pace (which I felt was unsustainable).

Year-Over-Year Change in Rent

Another good one from Bill McBride about the year-over-year change in rents from an assortment of sources.

Northern Colorado Housing Report

If you happen to be in Northern Colorado and want the latest housing report (for October, 2022), you can check out the full PDF here.

Housing Cost Compared to Income

Housing is very expensive compared to income right now relative to the past 30 years of historical data.

And rents compared to disposable income is also relatively high.

Enjoy!

Love,

James Orr
The Real Estate Financial Planner™

P.S. Be sure to check out the city Real Estate Financial Planning podcasts.