"The wealthy who are at financial risk are high earners whose lack of budgeting and profligate spending has them overleveraged and exposed. While they appear to be doing well from the outside, they are only a step away from real financial trouble."
"When deciding whether to sell quickly or rent out the home, many homeowners underestimate the logistics involved with moving only part of their belongings or staging while relocating. Storage may seem like a simple add-on, but it actually introduces multiple steps, additional labor, and can significantly increase costs, sometimes even doubling them."
Even as price growth slows - and falls in some cities - buying a home still feels unaffordable for many people, in part because mortgage rates remain high and down payments are still steep. Redfin reported in October that the average down payment hit a record $70,000 in August. While some people are cutting back on discretionary spending to afford a home purchase,
