How Much MONEY to BUY a 1 MILLION DOLLAR house? 🏡

[@termita358]

That would only leave you with about 3-4k for all other expenses 😮 crazy

[@lkamp88]

Very good job explaining the breakdown.

[@karenbrest187]

Good job on all the figures 👌

[@Psalms20A21]

Helpful🧠Reporting! The ones that are shack and small are a 1M+, or well over 1.5M or near 2M & sometimes over 3M now🤔

[@KMartha22]

I am shocked by the insurance cost. I live in the UK, in an 18th century barn conversion (aka. a lot can go wrong with this house), and my home insurance annually is £300, so about 400 USD, again that is annually

[@danhthang8058]

How does a physician loan come in to play?

[@flower2289]

I watched a short video you uploaded in which you were berating the Social Security system. Welcome to Socialism 1.0. And it is very true that students learn absolutely nothing of financial value from our public school system. Our school system is just another example of the horrors of big government.

[@tashaethridge1500]

Freddie smith chandler massey big fan days of our lives

[@specialtwice4975]

Seeing his serious, tired face at the end makes me giggle and sad at the same time. It's sad. Most average people make $25,000 per year, roughly. Add a spouse or partner and that's $50,000...maybe $56,000 or $60,000 if you are really lucky. I'm talking the average joe btw, not a trade person (tech, nurse, engineer, etc) or a ceo. just the average joe, an office worker, or full time fast food worker. On a different note... Where can the other $150,000 come from? Santa Claus? Easter Bunny? LOL.

[@penitent2401]

average person would not be looking at buying a $1mil house. most rule of thumb says you can afford a mortgage that is 4-5 times your yearly income

[@13202LO]

@@penitent2401thank you

[@pdxmusl1510]

This is like.. the absolute worst way to but a house. 😂. Do none of this. How you actually do this is decide how much payment you want as your worst case. Never ever ever pay pmi. And never ever ever but a home in an hoa. These are the dumbest things you could ever pay for. Unless your 80 or not physically capable of doing anything. If your paying these now write stupid tax in the memo every time. But then once you've got all that figured out. Then save up enough down payment to get the house you can afford. You may need to invest. Though thats risky and not recommended unless you have a long timeline. You should pick a smaller more realistic house. I understand it might not be your dream home. It doesn't have to be. Your only going to live there for 3-5 years. Maybe 10. That's how you do this.