DiscoverTwo CentsOur $605,000 Home Is Sinking 😳 Our Two Cents On Renting Vs. Owning As Home Owners | Two Cents Podcast
Our $605,000 Home Is Sinking 😳 Our Two Cents On Renting Vs. Owning As Home Owners | Two Cents Podcast

Our $605,000 Home Is Sinking 😳 Our Two Cents On Renting Vs. Owning As Home Owners | Two Cents Podcast

Update: 2024-11-06
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In this highly anticipated episode, we dive into our $605,000 home-buying journey. 🏡



You won't want to miss this if you're considering a home purchase or simply curious!


We break down why we decided it was the right time to buy and all the financial details, including how much we really spent using the VA Home Loan and why we're paying $300K more than our home value.




We'll also share what we learned from putting $30K into the property, our regrets, and yes—even the part where we discovered our house is sinking. We wrap up with some tips and recommendations to help you save on interest and pay off your home faster.




Thank you so much for tuning in! If you liked this episode, we’d appreciate it if you gave us a follow and a review! Thanks, H & J 💚




And thanks to our newest sponsor, Public! Learn more at Public.com/STS




A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. High Yield bonds carry greater risk of default. See https://public.com/disclosures/bond-account to learn more.




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Edited by ⁠⁠⁠⁠⁠⁠Amanda Deisler⁠⁠⁠⁠⁠⁠


Graphics by ⁠⁠⁠⁠⁠⁠Nhu Nguyen⁠⁠⁠




Episode breakdown:


0:00 Intro


1:02 PUBLIC 🥳


2:19 We bought a home!


2:30 Why did we decide to buy a home?


6:14 Our turning point


9:03 Hannah's issue with flipping homes


9:59 Searching for the perfect home


15:28 Breaking down the finances of a $605,000 house purchase


16:20 What makes the VA Home Loan different?


20:05 Why we're paying $300K more than the value of the home?


21:47 How we spent $30K on the home


23:40 Do we regret buying our house?


24:32 Our house is sinking


26:55 What we recommend if you're looking to buy a home


30:22 The pros of renting


32:35 The cons of renting


35:02 The pros of owning


37:47 The cons of owning


43:23 Final recommendations


43:45 How to pay less interest and pay your home off faster


49:40 Red flags to look out for


55:55 Don't forget about these resources!




#twocentspodcast #salarytransparentstreet #twocentspod #howmuchdoyoumake #salarytransparency #budgetasacouple #marriedbudget #paytransparency #homebuyingexperience #weboughtahome #howweboughtahome #realestate

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Our $605,000 Home Is Sinking 😳 Our Two Cents On Renting Vs. Owning As Home Owners | Two Cents Podcast

Our $605,000 Home Is Sinking 😳 Our Two Cents On Renting Vs. Owning As Home Owners | Two Cents Podcast

Salary Transparent Street