A mortgage is acceptable only if it is a 15-year fixed-rate loan with a monthly payment that does not exceed 25 percent of a household's after-tax income.

“The only time it would be okay to borrow money where, like, I wouldn't yell at you for it is a mortgage, and even then that would be a 15-year mortgage with an affordable payment, meaning it's not 50-60% of your take-home pay”

Lower housing prices are more significant than lower mortgage rates for fixing the lack of demand in the current residential real estate market.

“I honestly think we need I think we need lower housing prices. I think that's the thing that's going to be more meaningful than lower mortgage rates.”

The speaker struggles with the emotional impact of having missed out on a higher sale price for an investment property compared to other owners.

“I know that comparison is a thief of Joy I hate that quote by the way and I should move on and learn from this experience but I'm struggling to get past it”