BIGGEST RISK with Jaime Seale 1-2025

Commercial Real Estate Pro Network

J. Darrin Gross

If you're willing, I'd like to ask you, Jamie Seale, what is the BIGGEST RISK?

Jaime Seale

That's a tough question. I will tie it back to real estate, because I feel like that's, you know what we're talking about here with this study, what I do, and I think buying a home is a huge financial decision. It's a lot of a lot of money, a very long term commitment. So I think the biggest risk is probably just getting yourself into a situation where you have more house than you can afford. Maybe it's, you know, buying a a. And a half million dollar home in San Francisco when there are much more affordable options and in Cleveland. But I think it's very important to stick to your stick to your budget, crunch those numbers ahead of time and know what you can afford, know what interest rate you can, you can afford, and what sort of mortgage you're going to be able to afford, long term, taking into account the unexpected and hidden costs of homeownership. You know, you don't want to find yourself, you know, house poor, I guess, for lack of a better word, but just Yeah, doing your research ahead of time, and really not getting yourself into a situation where you can't, you know, afford a place to live, I think is it would, it would. It's a great way to minimize that risk.

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