The typical first-time buyer is now 40 years old, and foreclosures are climbing again. Ben Allgeyer lost a million dollars in about 18 months and rebuilt by knocking on the doors of homeowners facing foreclosure. He tells Jerremy Alexander Newsome and Dave Conley that people who bought in 2019 and 2020 have almost no equity, that a short sale hurts credit far less than a foreclosure, and that one lender added about $60,000 in fees in a year and a half. His rule for buyers: have twice your down payment in the bank first, or keep renting. He says most agents don't earn their commission, and county rules keep $200,000 starter homes from getting built. It ends with a lightning round and the hosts' own debrief.

Timestamps:

• (00:00) The 40-year-old first buyer – Prices ran away from paychecks, and foreclosures are back
• (01:12) A million gone in 18 months – A partner buyout, a lawsuit and lost value
• (03:24) Frozen by football ads – Why a 28-year-old with savings keeps waiting
• (08:13) The fix starts with cash – Stop buying a car with your first check
• (20:29) Little equity left – Why today's foreclosure sellers walk away with almost nothing
• (22:04) Foreclosure vs. short sale – A $230,000 payoff on a $130,000 house
• (28:20) $60,000 in fees – Eighteen months of lender penalties on one house
• (36:34) Lightning round – Wall Street, bad advice and the two-X rule
• (39:18) Do agents earn it? – One listing cost a foreclosure two weeks
• (45:53) The hosts' debrief – Rising foreclosures and why elections hurt housing

Connect:

• Ben Allgeyer – Website | Instagram | YouTube

🌍 Connect with us: Instagram | YouTube | X | Web