ACCOUNTANT EXPLAINS How Much Home You Can Afford in 2024 | Buying vs. Renting Your Home

[@elizahvlediani]

Chexy CEO here - AMA 👋

[@David-fx8sm]

Fees seem unbelievably low - Is there anyway to lock in fees for the term of my lease?

[@elizahvlediani]

@@David-fx8sm We keep it low so you can take advantage of the rewards from your ccs. There is no way to lock in but I can say we don't currently have plans to increase pricing and we haven't changed it since launching the business :)

[@rohitlakshman9900]

How does it compare to Bilt?

[@elizahvlediani]

@@rohitlakshman9900 Thanks for the question! We do not issue our own card, instead allowing you to pay with any major credit card. We are also in Canada not in the US :)

[@Bilgewater]

What if my girlfriend is my landlord? I pay $1000, less the fee, but plus the cc benefits - isn't it net positive in our relationship balance? I must be missing something

[@its.graceaudrey]

Finally I found this type of video for the Canadian market ! Thank you for the very detailed explanation

[@GabrielleTalksMoney]

Pay your Rent by earning Rewards & building Credit with Chexy: www.chexy.co/?

[@carimairealestate]

Hi Gabrielle! Love how you're showing people how you're breaking down the costs of homeownership! What's the program you're using to screen share and record your face at the same time? It's so pro!

[@ntt2k]

This video should really be titled: Why you CAN'T afford a home in 2024 :(

[@rezaolad543]

Well presented! Adding to that; the uninsured mortgage can be amortized up to max. 30 yrs. which improves affordability.

[@ibarocky]

30% against pre-tax income is too high After taxes, social insurance deductions, your $120k salary might be $90k $4k (just for home expenses) every month against a take home pay of $7.5k/month is too risky. Need to also factor in other living expenses like food, kid's education, etc A safer threshold is 20% against pre-tax income or lower

[@lotusroot4087]

so what your saying is i should rent for the rest of my life if i want to live in toronto or vancouver?

[@Grumptr0nix]

Why use gross annual income and not your net? Surely your net is more relevant?

[@KevinPon.]

Wow, I'd definitely use Chexy if I was renting.

[@deodats-mc8se]

if youre able to get a mortgage helper it helps tremendously and mortgage isn't so bad compared to renting

[@paulbernard2094]

Hello! Thanks for making such great videos. I have a question about my two young children. I want to open accounts for them now so I can get them started for investments and have accounts working for them. Please advise of what the best thing to do is? Or maybe a good idea for a video 🙂

[@x780]

Can you explain why the variable rate is higher than the fixed rate for mortgages?

[@isaiasvasconcelos5764]

Invest More to cut short of your Mortgage rates dear 💞

[@oliverf.rupert5408]

Nothing like having a smart woman, to crunch the numbers. Dig it 🖖

[@jesse9192tw]

Love you

[@sneakysnake2866]

We have a combined income of 165k, I'm guessing a 3.6k mortgage is not a smart idea?

[@rockshankar]

You are selling the Excel sheet for 10$? :D .

[@glintrhmj]

If everything was paid for (house debts everything null) and you had 60k in savings cash but did not have a car cause you were in a car crash (that debt is also zero 😢 what would you do? I want to buy a Tesla 😂😂😂 also I make a measly horrible 85k a year pre tax

[@destinyschild5768]

How is that horrible?

[@glintrhmj]

@@destinyschild5768 idk ask the western women who have been telling me that. Apparently due to the way I look I have to earn atleast double that

[@walterego4785]

Sorry but i thought you should know, its pronounced "Especially" not "Expecially". More emphasis on the the letter (s) in the word. Hope you dont mind me correcting you on that. Thanks for the content. Im learning lots from your channel 😊

[@Kcheatsheet]

🤔 Why tho?

[@rippedlikrambo1]

tldr; you cant afford a house in canada lol

[@JJKuchi]

where can you buy a home for 500k lol

[@anirudh_s17]

Mexico, probably

[@whothou]

Uganda

[@turbochoupette]

You have 9900 houses under 500000$ on centris. Probably not your dream house and far away from big cities, but they exist.

[@danielromanov8166]

Alberta, Edmonton