BiggerPockets Real Estate Podcast - The Truth About “Affordable Housing”

Episode #771 You’ve been lied to about affordable housing. Most people will either tell you it’s impossible to buy an affordable home or that those buying affordable homes are outright stupid. The term “affordable” has been correlated with inexperienced buyers getting cheap deals on homes, often ending up in trailer parks or something of the sort. But things have changed. Mortgage rates are at decade highs, home prices tower over what everyday workers can afford, and a new age of affordability is upon us—we’re here to unlock it for you. A new forest of David Greenery has sprouted as we welcome Kristina Smallhorn and Rob Abasolo onto this episode of Seeing Greene. Kristina, Louisiana-based realtor, has been fighting for affordability, helping get her clients into creative homes that don’t break the bank. She’s here to dispel all the myths about affordable housing, manufactured homes, modular homes, land investing, and more. We’ll touch on build-to-rent homes and who should NOT be investing in them, green flags to look out for when buying land, and the danger behind new forty-year mortgages. Want to ask David a question? If so, submit your question here (https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/lendermatch ~~~~ Ask David Your Real Estate Investing Question: https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Here are 92 of the Most Affordable Housing Markets in the World: https://www.biggerpockets.com/blog/most-affordable-housing-markets-in-the-world?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Modular Homes Make a Comeback: https://www.biggerpockets.com/blog/on-the-market-37?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ The Harsh Reality About Pre-fab Homes and Why I Won't Ever Buy Them: https://youtu.be/3rq5PEhWJPk ~~~~ Books Recommended by Kristina: 10 Things You Need To Know About Land: https://www.amazon.com/Things-Need-Know-About-Land/dp/1735302341/ Housing For Purpose: https://www.amazon.com/Housing-Purpose-Investing-Estate-Profit/dp/1662931328 ~~~~ Connect with Kristina: https://www.youtube.com/@KristinaSmallhorn ~~~~ Connect with Rob (Robuilt): BiggerPockets: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto Twitter: https://www.twitter.com/robuiltchannel YouTube: https://www.youtube.com/c/Robuilt ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ @biggerpockets or https://www.instagram.com/biggerpockets/ Show notes at: https://www.biggerpockets.com/blog/real-estate-771?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 02:18 Quick Tip 02:40 The Issue with Affordability 10:57 Is Build-to-Rent the Future? 14:14 The Most Affordable Way to Invest 22:13 Green Flags for Buying Land 28:14 The Danger of 40-Year Mortgages 42:55 Lies You've Been Told About Affordable Housing 49:52 Connect with Kristina! Connect with Kristina!