I Bought A $750K House At Age 23 - Here's How

[@FinancialShinanigan]

CNBC loves their misleading titles smh

[@joeswanson733]

Yeah cause if going by titles she is more successful than majority of Americans out there today past present and future.

[@lauraadaly]

It doesn't even give the right age

[@euphoricmonk]

and misleading information..oops

[@hppavilionf50]

Congratulations to all three of them, but can CNBC Make It editors be honest with their titles for once? How about changing it to: "I Bought A $750K House At Age 23 With Two Other People" ?

[@joeswanson733]

It is title bait

[@mugentuner]

Its how they got you to watch it. She house hacked her way in

[@joeswanson733]

@@mugentuner also paying all that for 1/3 house....bang for buck wise...not that impressive

[@mugentuner]

@@joeswanson733 yeah they possibly have an equity deal worked out I'm sure. Asian people are quite saavy when it comes to housing. Seen it on my own

[@ZheyuanLi]

@@joeswanson733lol, 750k for that is quite impressive… i didn’t know housing in New York is that cheap…

[@jaspm]

Misleading title if you don't have a brother and wife attached 😂

[@selfridgesforever4399]

So she brought a property with her family. Respect to her for getting the housing ladder but the title makes it sound like she did it on her own.

[@78town]

I have many Asian friends that are successful. Like her, most of them live with family even as adults. They don't fall into western idea that you have to waste money to feel "independent". They are proud of their relationships with their families and their success is often a result of that.

[@dereknueveuno]

Yup where I grew up we had Asian neighbors and they did the same. American culture needs to change would aid us a lot. In 33 and moved out my parents at 27

[@joeswanson733]

Eventually if she wants to have her own family the house might not be big enough for all of them especially if her brother also wants to start a family

[@zyzzuschrist3410]

@@dereknueveunolol

[@maximusdecimusmeridius5438]

I don’t think this was a good idea. She only owns a 3rd. She’ll probably lose her office room when her brother has a kid. The situation will eventually get weird but who knows.

[@joeswanson733]

I thought the same too in situation like this its usually house that's either with a. Guest house or basement in which additional family can expand this house isnt big enough if she or her brother has. A family

[@BrooklynBaby100]

I agree… she kinda screwed herself in a lot of ways. Her brother and the wife will win when they have a child in the next literally couple of years… how does one live with a screaming child?! And how awkward bringing potential marriage minded men into that environment. Just dud after dud.

[@21cgIN]

they can just buy her out when that happens

[@ihama99]

750k house with no basement and minus reno is insane.

[@joeswanson733]

That's NYC for you

[@ChineseWinnie]

@@joeswanson733 New York, not NYC, you wish homes were that cheap in NYC

[@campingwithsamantha5114]

I’m Asian however I could never live with family members or others. It results in conflict and could ruin relationships. I need my space. Joint investments is never a good idea. Just my thought!

[@ChineseWinnie]

"She partnered with her older brother and his wife to purchase a $750,000 home in New York" lmaooooo

[@mrd5024]

this is such click bate. SHE did not buy anything on her own. wasting people's time with this nonsense.

[@alexbernstein1450]

got a mortgage at 23 with two others ....

[@srfin24]

click bait

[@dannyheroic]

welcome to 2024 america, instead of purchasing a home alone, you have to do so by splitting it with 3 people. really she can only afford a 250k home on her income.

[@MrDaigoRiki]

NYC, I used to love that city so much, not anymore.

[@OBITOMAJIN]

Mayor just indicted too bro!

[@jennyc642]

This definitely works with a close-knit like minded family, which is a blessing. However, I do think it'll pose a challenge when the couple starts a family. Can imagine in that type of family, Sharon might end up with helping with childcare. I hope she would be fairly compensated and considered if so. For another brother to be involved...all of this can get complicated quick. Hope they have good contracts!

[@joeswanson733]

We also have to factor in house size for more people in the house.

[@sharonyeunkim]

⁠@@joeswanson733by the time my brother has kids most likely I’ll move out by then or we’d get another place. Regardless of what happens we have the mindset to not let the other person feel like they’re getting the short end of the stick.

[@TrooFreedom]

Bragging about purchasing an overpriced liability in an inflated market is a weird flex but.... Waste your money as you wish. That's the way of sheep. This is just a Marketing Piece to teach young people how to overextend themselves to the slavery of debt

[@professionalismwithpassion]

Lol definitely a comment I would say. Thanks for this reminder though as I just got my pre-approval letter for DC area. Currently house hunting.. kinda want my dream home ish then again kinda don't want to be a slave to a job and just buy a "cheaper" one. Decisions, decisions

[@l.h.tnguyen4916]

Overachieving Asian. I, on the other hand, am the underachieving Asian. I am a doctor with half a million in debt and I hate my job...

[@joeswanson733]

Don't doctors make $$$$

[@l.h.tnguyen4916]

@@joeswanson733 Think of it this way. With the debt, I basically am working for free for the next few years to pay off the debt. Do you want to work a hard job for free for a few years? And then if you still have your passion you are 35 starting from scratch. Alot of my friends are doing the ten year forgiveness but then you can't make as much money because you are working in public health sites that don't pay as much. Everyone think doctors make money but if you ask them for their net worth at 35 I promise you its around zero, unless mommy and daddy paid for their schooling.

[@maximayette4231]

@@joeswanson733 Yes they do. The poster is being sarcastic.

[@Danilio.]

.

[@FG-xc5qj]

@@joeswanson733not all, like not all lawyers. You all are living in a fantasy world if you think that. There are a lot of general practitioners not making much as well as public defenders.

[@elenarewd9299]

That’s great for her! But kind of embarrassing for her brother and his wife…..like you need another person to purchase a house? I couldn’t live with my sister…..my parents? Absolutely! My MIL? Yes, ma’am! My sister? Nope!

[@missannebaron]

Her and her siblings are living in the year 3,000.

[@kasim7929]

Young Asians feeling the shame can like this comment

[@_MrsYeah_]

I really don't think this was a smart move, she should've just stayed home. That house will get crowded real fast.

[@carolinestaniski5675]

Also a Christian Product designer here who owns her own home too, good for you Sharon! Paving the way for young designers! And UX Design is a great career with only a bachelor's degree.

[@zachcouch8654]

So she just lives with her brother???

[@RoddieSimmons]

Ouch! Her brother and his wife....and she still has Student Loans...and her shaky foundation is built on her brother and sister-in-law having a non-disruptive marriage. Please tell me ALL THREE are not on the mortgage. What is the timestamp when she stops talking about ALL the money she is spending and when and how much she has paid back.😳

[@joeswanson733]

Yeah is a risk as it relies on everything going hunky dory with nothing going wrong

[@RoddieSimmons]

@@joeswanson733 You got it,.🙃

[@MentalJanitor]

House poor congrats 👏

[@imnugget8085]

Is she really 23?

[@cincyryda]

I dunno if buying a house is a good idea I would buy a multi family home like a duplex just in case something bad happened

[@marqthegirl31]

Exactly! Forget "How" she did it, I'm more curious to know "Why" ????

[@hppavilionf50]

Not everyone wants to be a landlord.

[@cincyryda]

​@@hppavilionf50that's wild... you would say that when she's sharing the house at least I am saying is if you had a multi family home income and space.

[@joeswanson733]

I'm terms of Bang for buck....it's nothing special

[@amitchawla5124]

@@marqthegirl31 You seriously don't know?

[@gao-e4q]

Wait she pays > $2500/mo for her mortgage and only owns 30% of the house?? Is their mortgage 8k a month? Or is she getting ripped off

[@krnphan]

They only put 77K down so monthly payment is probably really high?

[@sharonyeunkim]

@@krnphanat the moment there’s high interest rate but we’re waiting to refinance which would bring monthly payment down. Could always refinance but not argue with the actual value of the house. I made a video on my channel explaining the full thought process

[@joeswanson733]

Assuming they put down 20 percent total this still leaves $600,000 that has to be paid off over 30 years the principal is already $1666 a month not factoring in interest. As krphan mention they put down only like 10 percent down payment but the principal shouldn't only still be around $1869/month (not incl interest)

[@ChineseWinnie]

My friend bought a 1mil home while in college. It was easy, his parents transferred him the money in cash and he then bought a home.

[@professionalismwithpassion]

His parents gave him the down payment or the total price of the home?

[@jalamela1480]

I’m a millennial and 33 years old. I bought my home for 130k in Southern California it’s a multi family unit. I got lucky thank you market crash. Thank you predatory loans.

[@joeswanson733]

At least you own a home

[@jalamela1480]

@@joeswanson733 yup and it’s paid off and I rent out the front unit for $2k a month.

[@professionalismwithpassion]

So how many units is it? 2 or 3? And for 130k.. that's a steal imo

[@jalamela1480]

@@professionalismwithpassion I bought it in 2010 and it has 2 units a 3bed 2 bath and a 1 bed 1 bath.

[@jalamela1480]

@@joeswanson733 yes sir and it’s paid off.

[@abcdannyy1]

wow! great to see young people investing in their futures early :) all the haters in the comments r probably renting out a cardboard box somewhere LOL

[@stephanieokonkwo9385]

God bless them.

[@LemonLimes99]

Tithing is a scam....

[@pratiktembhekar1996]

One can buy 750k $ house under age 25 only if you have Generational wealth or a Movie Star or into Tech/Finance Jobs or into Crime. I don't have any clue about other stuff

[@BrooklynBaby100]

Facts… there are some men I work with that were only able to buy a home because they married “up” and their wives parents footed a lot of the bill. 😅😅😅 bums.

[@pratiktembhekar1996]

@@BrooklynBaby100 i don't agree

[@BrooklynBaby100]

@@pratiktembhekar1996 Agree on an anecdotal? okay lol 😂

[@amaofficiale]

We should live with family more!

[@DanaJangali]

Great, congrats I'm so happy for them

[@itsathing4823]

Good video, misleading title / caption

[@ShawnLH88]

Thanks for the failure of a title

[@masonstarship56]

So what happens after she gets married

[@RAFIKIEI]

Nice, Sharon.

[@robinsonmertilus5232]

Title could be edited. Interesting story, even with an accurate title.

[@kajilai]

Wow congrats 👏 to them. There's power n strength in unity!!

[@tacituskilgore8747]

Just buy a house with 14 roommates, bro.

[@LK_EBM]

Shouldn't she pay more since she has 2 of the 3 bed rooms?

[@userinvctrl]

CNBC sucks what flunky editor allowed bait and switch here?

[@prescottosegie]

Good video congrats 🍾🎊🎉 on getting a house 🏠 Sharon Kim 😎💪🏾

[@masonstarship56]

10% to your church is crazy I’m sorry but churches got money

[@Elmgren76]

The costs in the US are simply outrageous for a European like me.

[@marvinbrown1717]

I love seeing people being innovative on their financial goals; relying on community, family, network... this is all great!

[@allyjmjm]

If she didn't give all that money her pastor to promote himself maybe she wouldn't have student loans

[@vvolfbelorven7084]

I'm interested in the downpayment and interest rate in effect then for a $2,500/m mortgage.

[@AnkitGupta-hq4nr]

They always miss the main point. A lot of people don't have an extra home available of their family etc where they can skip all the rent.

[@asnboy1084]

what happens when she gets married and everyone starts to have kids? Great to build equity, but asking for that buyout is difficult for everyone.

[@zzzxxxzxzxz]

click bait. three people bought a 750k house together at age 23 (who are in the tech industry btw)

[@hppavilionf50]

She's only saving $216 a month towards retirement 😬? I highly suggest she spend less on food and home upgrades and more on retirement savings.

[@02nupe]

$216 At age 23-24 while not the best is not bad at all because time is on her side for it compound vs that amount at say 33.

[@joeswanson733]

She's only 23/24 she got 40 years left to go if she retired by 64

[@cncannaday]

This was really smart

[@joeswanson733]

@@cncannaday it's a old trick. Not exactly revolutionary

[@trex1448]

Three incomes... it's still quite an achievement. A lot of 20's are just yolo'ing their years away.

[@joeswanson733]

Which is foolish

[@yasminbarry7941]

You made the right choice. Living alone, loneliness in general, are killing North America and Western Europe

[@joeswanson733]

People moveor live where the jobs are which may or may not align with family/friends location's

[@cheviidevii]

Asian Americans men and woman have the highest median income, followed by White Americans, Hispanic Americans, African Americans, and Native Americans in the USA since 2017. She'll most likely run into problems in the future if she doesn't increase her saving amount beyond what she is currently saving. Especially in New York with overprice real estate market and food products. Her best option would have been to buy various homes in more affordable real estate state market states with affordable cost of living such as Iowa, Kansas or Ohio. Nevertheless, congratulation on her for even having the ability to buy a home though at her age.

[@Waltaere]

Cnbc 😃

[@Vil-qp6xl]

This is an awesome story. However, the title is misleading and not necessarily correct. Although Sharon's accomplishments are great, she purchased the home with 2 other family members. As she stated 30% is her share of the home. Yet still a good message.

[@joeswanson733]

At this point it's better than nothing

[@abbyfloresita]

Congratulations, Sharon!!!!

[@ListedInTheSouth]

That was a smart choice to make this investment with your brother.

[@one_thirdlifecrisis]

First?

[@Waltaere]

Yups 👍

[@emmanuelharbor2350]

touching

[@ohmstrong]

You'll never own that house. Government just rented out to you until you stop paying that high property taxes.

[@joeswanson733]

@@ohmstrong well that applies for every one gov owns the land under the house

[@amitchawla5124]

Stupid comment

[@GSG9Kazmir]

Oh boi life situations can get nasty really quickly. People their age need privacy. What if she gets a long term partner and what if her brother has a kid? What if the house appreciates by 25% and one of the parties wants to sell their portion and the other wants to stay in the home and they already paid over 40k out of pocket expenses. This just seems insanely risky and the mortage payments seems crazy high.

[@joeswanson733]

They have to consult an attorney to work out all the details like those if they didn't it's a time bomb waiting to happen

[@GSG9Kazmir]

@@joeswanson733 Absolutely and those lawyers fees and selling fees and maybe even closing costs aren't free. Its gonna cost even more money. At that point is there really even an ROI?

[@joeswanson733]

@@GSG9Kazmir they'll have to wait for the appreciation in the long haul but in the end they'll break even at least.

[@amitchawla5124]

Wow only you knew the risks huh? They didn't discuss that AT ALL! Glad you came here to inform everyone

[@ellaocea]

I love that there are so many women's stories in these videos

[@Gustavo-77596]

You can keep the 600 dollars, big shot.

[@sharonyeunkim]

Thank you for having me on!! 🤍