Tracy McLaughlin
speaker
37 appearances
1 recordings
1 series
first heard Apr 2023
last heard Apr 2023
Tracy McLaughlin’s voice in public audio — every appearance, attributed to the second.
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Appearances
There's some sort of synonymous relationship between buying a home as sort of being the first rite of passage for a married couple or a couple starting out in life.
We feel the white picket fence, the house with the yard, the baby in its own nursery is where we should be going when we're younger and starting out.
And sometimes that's not always the best decision.
Unlike any other asset that we possess, if you own an apartment building where you have tenants or you've got a commercial building or you have a stock portfolio, there's a very unique aspect to residential real estate in terms of it being an asset because it's where we make our memories.
Our home is where we've made memories.
It's where we've celebrated occasions.
It's where we have had babies brought home.
So the attachment to that asset from an emotive standpoint supersedes any other asset that I'm aware of.
And for that reason, tends to create stumbling blocks for people when they make decisions.
First-time buyers, they have their eyes wide open, right?
This is such an exciting, seminal time in their lives.
When they're buying their first home, oftentimes they've just gotten married or made a commitment or they're thinking about a family.
And so there can be, in my opinion, a lack of real due diligence on the part of younger buyers in terms of making the absolute best
best decision from both a lifestyle standpoint and an investment standpoint.
So while younger buyers, unlike 20 years ago, have access to all sorts of data and information they didn't used to have because of our iPhones and Zillow and all sorts of immediate data releases, the reality is they still need a lot of coaching in terms of why house A is a better investment than house B, even though house B can sometimes be more appealing.
And that's where you get into the nuances of this.
Well, I think we, especially in the United States, there's some sort of synonymous relationship between buying a home as sort of for being the first rite of passage for a married couple or a couple starting out in life as partners, etc.
You know, there's a bit of a sensitivity to being a, quote, failure if you're renting versus owning.
Now, I think that has a lot to do with market dynamics and where we live.
But in general, we feel the white picket fence, the house with the yard, the baby in its own nursery is where we should be going when we're younger and starting out.
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