01.19.26 The Condo Market Now / Moving Abroad - The Clark Howard Podcast Recap

Podcast: The Clark Howard Podcast

Published: 2026-01-19

Duration: 32 minutes

Summary

The current condo market presents unique opportunities and risks for buyers, especially in coastal areas. Additionally, moving abroad is becoming a viable option for retirees seeking lower living costs.

What Happened

Clark Howard opens the episode by examining the struggling condo market, particularly in coastal areas where prices are not stabilizing. He explains that while there are opportunities for buyers to find deals due to the market slump, there are also hazards, particularly related to insurance and maintenance costs. Howard notes that the market is volatile and suggests that potential buyers need to consider the full cost of ownership, including condo fees and taxes, before making a purchase. Additionally, he highlights Alabama's strict building standards as a model for reducing insurance risks.

In the 'Ask Clark' segment, a listener from Vermont asks about the best approach to buying a new house while already owning one. Clark advises on short-term financing options, including HELOCs and bridge loans, and emphasizes controlling closing costs. He also suggests exploring adjustable-rate mortgages for short-term needs.

Clark then shifts to the topic of moving abroad for retirement. He shares that more middle-income Americans are considering this option due to lower living costs overseas. Countries like Portugal and Central Europe are popular destinations. Clark stresses the importance of 'test-driving' the expat lifestyle by renting before committing to a permanent move.

The discussion includes key considerations for retiring abroad, such as taxation, safety, and healthcare. Clark warns against immediately purchasing property in a new country and suggests renting to better understand the local market and living conditions.

Clark responds to questions about financial products, including a high-yield savings account from Verizon and the pros and cons of various fitness trackers. He discusses the accuracy of fitness tracking devices, sharing personal experiences with devices like Garmin and Fitbit.

The episode concludes with a tribute to Dr. Martin Luther King Jr., acknowledging his contributions to civil rights and his advocacy for nonviolence. Clark reflects on the importance of recognizing historical figures who have made significant impacts on society.

Clark emphasizes the importance of financial literacy and provides tips throughout the episode to help listeners make informed financial decisions, whether they're considering real estate investments or contemplating a move abroad.

Key Insights