Evergrande to Delist From Hong Kong Amid China Housing Crisis
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Kevin O'Leary Says If You're Single and Child-Free, Don't Buy a House — 'Are You Married? If the Answer Is No, Rent'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Renting might not be the American Dream — but according to Kevin O'Leary, it's the smarter choice for millions of people chasing it too soon. In a 2018 interview with CNBC, the "Shark Tank" investor laid it out bluntly: "Are you married? If the answer is no, rent." "If you're married, do you have children? No? Rent." That's not exactly the advice most people grew up hearing. For decades, homeownership has been sold as a must-do milestone. Buy a house, build equity, settle down. But O'Leary flips the script — and his reasoning has only gotten more relevant in 2025's brutally expensive housing market. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — and you can too at just $2.90/share. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. "I think the key to life — particularly when you're young — is to stay out of debt," he said, urging young adults to delay buying until they're financially stable and partnered. Why the "Debt-Free" Rule Matters More Now O'Leary points to interest rates as the silent killer behind a bad home purchase. For years, mortgage rates were dropping, making it cheaper to borrow and pushing home values higher. But that trend reversed — and reversed hard. Even back in 2018, he warned: "Interest rates aren't going down any more." In 2025, mortgage rates are higher than they've been in over a decade. Which means a $500,000 house today could cost tens of thousands more over time than it would've just a few years ago. Add in maintenance, taxes, insurance, and the risk of job instability — and the case for renting gets a little stronger. Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. Even Munger Backed That Logic Charlie Munger, Warren Buffett's longtime business partner, said it even more plainly: "The time to buy a house is when you need one." Pressed for what that meant, Munger didn't hesitate. "The single people, I don't care if they ever get a house," he said, calling it an "old-fashioned" belief he still stands by. His point? It's not about market timing or checking off a box. It's about necessity. Buying a home isn't always wealth-building. Sometimes, it's just wallet-draining. Renting Isn't Throwing Money Away — It's Buying Flexibility There's still a widespread myth that renting means "flushing money down the toilet." But in reality, renting can be a financial strategy — especially when the cost of owning is sky-high. Not to mention, renters can still invest in real estate without buying a home. Platforms like Arrived allow individuals to purchase fractional shares of rental properties — meaning you can be a landlord without ever unclogging a drain. It's one way renters can build long-term wealth while sidestepping the burdens of a full mortgage. A New Definition of "Making It" O'Leary's advice isn't anti-homeownership — it's anti-rushing. The traditional path of marriage, children, a mortgage, and the picket fence still works for plenty of people. But for single renters, or couples without kids, the pressure to buy can end up doing more harm than good. So if you're renting right now, you're not behind. You might be ahead. Especially if your bank account is healthier than your homeowning friends'. And if you're not married with kids? Well... you already know what O'Leary would say. See Next: This HELOC lender lets you borrow, repay, and borrow again —. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. This article Kevin O'Leary Says If You're Single and Child-Free, Don't Buy a House — 'Are You Married? If the Answer Is No, Rent' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Yahoo
Big changes could mark a housing market 'sweet spot' this fall — are you ready to take advantage of them?
Maybe you were planning to buy a house this year but haven't found anything yet — and panic is starting to set in because you're worried you've missed the housing market season. It's common you'll find a higher number of listed properties in late spring and summer. That means, if you're in the market for a new home, you have more options to choose from, but you also face stiffer competition. Traditionally, fall and winter are quieter, but if you find a place you like, you may be able to get a better deal on it. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Shop Top Mortgage Rates Your Path to Homeownership A quicker path to financial freedom Personalized rates in minutes Potential homebuyers, however, may be able to take some comfort from the picture being painted by recent data that suggests this fall may be a great time to buy a new home. 'There's a lot of uncertainty out there, and some buyers are just waiting to see what happens,' Zillow senior economist Kara Ng said in an article published July 20. 'So, if you're able to buy, fall could be a sweet spot since you won't be competing against the pool of buyers waiting on the sidelines.' US housing inventory at a multiyear high One of the main reasons this fall is shaping up to be a good one for homebuyers is that, according to Zillow data, the inventory of homes for sale is the highest it's been since July 2020, with the number of listed homes up 20% from last year. At the same time, for the past two years, October has seen the highest inventory of the year as homes listed earlier remain unsold. Zillow anticipates this seasonal pattern will repeat this year after a 'lackluster spring' during which buyers didn't show up. A fall with high inventory and fewer buyers means that if you're in the market for a new home, 'you're likely to have more time to decide on your options,' Ng said. 'You have time to really consider if that home is the right fit for you.' With fewer buyers, you're also less likely to endure a bidding war for the home you want and you may have more negotiating power. Some sellers are lowering prices In some markets, prices aren't rising as quickly as they have been over the past few years. Home values across the U.S. grew by 45.3% between February 2020 to 2025, Zillow reported earlier this year — a rate that's more than double the historic rate of increase. As of July, the median sale price for all home types was $443,462, according to Redfin. But the market is cooling, and Zillow is predicting 'a decline of 1.4% in home values nationally by the end of the year.' Read more: Nervous about the stock market? Gain potential quarterly income through this $1B private real estate fund — even if you're not a millionaire. At the same time, 'the share of listings with a price cut in May climbed to 26%, and many sellers are sweetening deals with concessions such as covering closing costs or buying down mortgage interest rates for the first one to three years,' according to Zillow. These pricing dynamics could be a sign that the market is becoming more balanced in a way that 'favors buyers and sellers equally.' While Danielle Hale, chief economist at agrees that we're heading toward a more balanced market, she points out that this varies regionally and that affordability still remains an issue. 'Even with more homes on the market, buyer response has remained muted compared to what we'd expect from similar supply shifts in the past,' she said in a news release, commenting on mid-year housing forecast update. 'In regions like the South and West, inventory gains have been more substantial, but affordability constraints continue to weigh on demand,' she said. 'Meanwhile, the Northeast and Midwest remain tighter markets with relatively steadier buyer activity.' Are you ready to take advantage of a buyer's market? Whether you should take advantage of an improved buyer's market depends on your personal circumstances. If you're a first-time homebuyer, the Consumer Financial Protection Bureau suggests you have at least two years of reliable, regular, steady income, as well as good credit. Ramsey Solutions, which offers personal finance education, recommends you first pay off all your other debts and build an emergency fund with three to six months' worth of expenses. From there, you'll need to save up a down payment — preferably 20% or more so you don't have to pay mortgage insurance. You'll also need to budget in closing costs and have funds available for moving expenses. Before you start searching for houses, be sure you can afford all of your monthly housing costs, including your mortgage, property taxes, homeowners insurance and (potentially) homeowners association fees — all of which shouldn't total more than 25% of your take-home pay, according to Ramsey Solutions. Another consideration from Ramsey Solutions? How long you plan to live there. That's because 'it usually takes at least five years for a home's value to grow enough to keep you from losing money when you resell it.' If you can satisfy these requirements and still feel you're ready for homeownership, you may be looking at a market more friendly to buyers than the U.S. has seen in a long time. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
7 hours ago
- Wall Street Journal
After Bullish, Figma and Firefly, Here's a Hot IPO Tip for You
Bullish Chairman Brendan Blumer, CEO Tom Farley and others at the New York Stock Exchange after the crypto exchange operator's IPO. (Brendan Mcdermid/Reuters)
