Learn what a CFBP shutdown could mean for consumers, plus how to financially manage a cross-country move — including whether to rent or sell your home.
What happens if the CFPB is shut down? Should you sell or rent out your home when moving to a new city? Hosts Sean Pyles and Elizabeth Ayoola discuss the financial decisions involved in relocating, including managing moving expenses and deciding whether to keep or sell a home. But first, NerdWallet Senior News Writer Anna Helhoski joins Sean and Elizabeth to discuss the potential shutdown of the Consumer Financial Protection Bureau and its impact on consumer rights. Anna interviews Chuck Bell, the program director for advocacy at Consumer Reports, about the CFPB’s role in protecting consumers and what its potential closure could mean for financial regulations and consumer rights.
Then, NerdWallet writer Lisa Green joins Sean and Elizabeth to talk to David, a listener with questions around the financial and logistical challenges of a cross-country move. They discuss key considerations for renting versus selling a home, the financial implications of becoming a long-distance landlord, and strategies for covering a down payment on a new home. The Nerds also share insights on budgeting for moving costs, including how to decide between hiring professional movers, using a service like PODS, or selling furniture before relocating.
Learn about down payments and calculate how much to put down on a house: https://www.nerdwallet.com/article/mortgages/down-payment-calculator)
In their conversation, the Nerds discuss: cross-country move, sell or rent your home, moving costs, budget for moving, moving expenses, renting out your home, financial planning for moving, real estate investments, property management, home equity loans, HELOC, down payment options, mortgage planning, financial decisions, house rental income, home selling process, cost of moving, moving truck vs movers, PODS vs U-Haul, rental property management, tax implications of renting, home value appreciation, moving to a new state, moving savings tips, renting vs owning, budgeting for relocation, moving with kids, tax write-offs for landlords, credit score for mortgage, home selling costs, home loan options, financial impact of moving, travel expenses, best way to move furniture, and moving insurance.
To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]).
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