When searching for a place to call home, most tend to focus on monthly rent or mortgage payment. But what about all the other expenses and trade-offs that come with moving, settling in, and maintaining your new space? In this episode of Wealth Pathways: The Affluence Science Insights Podcast, host Marie Stella consults economics professor Yogi Vidyattama on the true cost of a home.
Currently based at the University of Canberra, Yogi Vidyattama focuses his work in spatial and geographical economic analysis, particularly in economic growth, income and wealth distribution, and more. Having joined the university in 2008, Yogi Vidyattama has since been responsible for developing and enhancing NATSEM’s spatial microsimulation model. Previously, Yogi Vidyattama was affiliated with the Institute of Economic and Social Research and University of Indonesia.
In this episode, Yogi Vidyattama addresses common misconceptions about housing expenditures, shedding light on the biggest costs that homeowners fail to account for. To add, Yogi Vidyattama highlights the importance of considering lifestyle factors, such as commute or access to amenities.
Together, Marie and Yogi Vidyattama break down the real price tag of home-hunting and share useful practices for smarter, more financially feasible housing choices.. So, if you’re ready to look beyond the listing price, tune in this week to discover how understanding the true cost of a home can help you build wealth and well-being!
Follow Yogi Vidyattama’s work via the following links: University of Canberra: https://researchprofiles.canberra.edu.au/en/persons/yogi-vidyattama Google Scholar: https://scholar.google.com.au/citations?user=vQD6j-YAAAAJ&hl=en
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