Thanks to you, all the pressure on me having to buy a house at a certain timeframe has completely vanished. I just put that money into an S&P500, and if there is an oppurtunity that buying a house makes sense than I will do it, but the ability to move anywhere you want and not have this mountain (mortgage) on your back will really be helpful.
5 days ago | 20
Buying a home by a certain age is the new "Why aren't you married yet?" in our times 😂 Both spoken by people who should mind their own business but also want others to make the same mistakes they made and now regret! (I'm not really opposed to marriage...just to making it a homogenous "should do"!
4 days ago | 2
I do have a home, but it’s really not that all but it takes a lot to maintain so I don’t think it should be a B all, when I sell I’m done owning a home so I will be renting
5 days ago | 3
Buying a house is a bad investment for 95% of people…..but for many…..its almost with a religious fanaticism that “buying a house is a good investment”. Its better to rent and invest difference into an S and P index fund.
4 days ago | 2
Oh and if your are in FL don’t forget HOA=$400+ and whatever fees they decide they can charge you for violating whatever HOA rules they make up, make sure you have another $5000+ always saved up for those…yes they can foreclose on your house too if you don’t pay the fees lol
4 days ago | 0
What is this chart showing? Annual costs? Can’t be. Who is spending $8k on landscaping and buying a fridge annually? I’m not a proponent of buying a house but let’s at least be intellectually honest here.
5 days ago | 13
One of the most repetitive posts on YouTube. Seems like every other week its the same old rent vs own thing you post to drive engagement. If it works it works i guess
4 days ago | 1
I look at my home as another vessel for passing on wealth to my children. I'll never sell, but they can and probably will. They can use the money for whatever when I'm gone.
5 days ago | 5
What kind of idiot is paying $2k for a refrigerator?
5 days ago | 6
As an investment this can be considered. But as a necessity, one should still have home.
5 days ago | 0
Home prices don't always go up? Show me a property that is cheaper now then it was 5, 10, 20+ years ago. I'll wait.
5 days ago | 0
Not everything is about just the numbers. If it was nobody would have kids. Renting is for losers
5 days ago | 1
One of the best times to buy is now. Especially new homes with rate buy downs. Don't forget rent goes up every year while your mortgage stays the same. So yes if your short term planning the just rent otherwise buy for the long term
5 days ago | 3
Why did you buy thinks over your budget ????? A fridge for 2000 dollars ???😅😅😅😅 Are you sure that i can't find a fridge in second hand market less than 1000 dollars ????? Are you sure ???? 😅
5 days ago | 0
I Will Teach You To Be Rich
Homeownership is like a religion in this country. Everyone assumes home prices always go up… They don’t.
But most importantly, people don’t factor in the hidden costs of home ownership. They see a 2-bedroom house for $2,000… and a 2-bedroom house with a mortgage for the same price and they think, “I might as well build equity!”
They don’t factor in the other costs that can add 30-50% to a monthly mortgage.
So when somebody says they bought a house for $300,000 and sold it later for $500,000, that doesn’t mean they made a $200,000 profit after you factor in all these other costs.
Rent is often the monthly maximum you will pay for housing, but a mortgage is the minimum you will pay.
I’m not opposed to home ownership, but this is the biggest purchase of your life. Run the numbers to make sure you can afford it.
I'll show you EXACTLY how to do this inside my Money Coaching program → iwt.com/moneycoaching-ct
What you'll often find is that renting is a better deal.
I’m a millionaire. I can easily afford a house in a nice neighborhood. But I still choose to rent! It’s been a better deal for me for the last 20 years.
5 days ago | [YT] | 372