Renting vs Buying a house

[@GlitchClaw]

I don't know why it's like that in US or Canada. Where I live, after buying a house, its value can only go up. You always profit.

[@THEisaacG]

lol. don't take buying a house advice from a real estate agent.

[@ChrisGraeveEstateofMind]

DARTH VIRAL I'm not an agent

[@jeremiahanthony5521]

Issac Gabriels lies

[@sephorakc3372]

Hambone how come?

[@muleyeofficial6139]

In Africa you buy house it’s yours no one says anything

[@ruthshada2752]

Kicci Ma exactly🤣🤣🤣🤣🤣

[@stewartcarrion9283]

Great info! Most people don't realize how much of a difference there is between buying and renting!

[@hennynoirdesign]

Bottom Line, if you have the whole amount/cash (plus a really good cushion for expenses) to buy the house and have a job, Do It! If you just have damn good job and credit, but NOT the full amount, Mortgaging is a no brainer. If you have neither of those, then renting, sleeping on someones couch or living with 3-5 people in a 2 bedroom is your only choice.

[@sergiozamorano6413]

And all this thanks to the us financial slave system. You never own anything in America

[@briannelson6830]

I live in a refrigerator box down by the river i pay 0... I win!

[@kaferinaceves1299]

lol You just made my day with tbhat comment

[@jaxxonthehealer6607]

How do you get on the internets?

[@jcrowley1985]

Free wifi from the mcdonalds down the block.

[@necatiozyakup9058]

You gone fishing too

[@DJ-ji5ib]

I also live in a refrigerator box but I'm in LA so it costs $5,000 a month. 😜

[@kevincondna8784]

When you buy a house, its not 'your' asset, its the BANK's asset. You're welcome.

[@DiaJasin]

Kevin Condna until you pay it off?

[@pulkitrawasthi1996]

Kevin Condna Buddy I own as I pay and sooner we pay sooner we own,that’s simple ratio but Bank can keep papers can’t change ownership documents unless one won’t pay EMI or goes bankrupt

[@sebastianjones2014]

Noir Spectre assets are things that make you money if you have to pay money on it or maintain it then its a liability

[@MickCanada]

Sounds like someone’s daddy left them a house in the estate 🏡

[@andrewf4623]

That’s wrong. The house is YOUR asset. The bank’s asset is the future mortgage payments which you owe to them.

[@LuckyDogProductions]

These are magical numbers now that the banks are manipulating the market. 1999 house $90K, same house in 2007 $320K magic or manipulation of the market. Everyone was in on it top to bottom.

[@baseline6786]

Buy what you can afford. where it makes sense to live vs costs associated with it. being house poor isn't fun. renting you never feel you own it. for me owning something is worth the extra cost. pay down your mortgage as much as possible. and u win in the end.

[@weareorigin]

My parents bought a brand new house in the year 2000. 17 years later, their house and neighborhood hasn't gone up in value at all. My friend bought a condo, in different neighborhood, increased $15,0000+ in one year. Be careful everyone.

[@horrorfan1122]

House values are usually compromised mostly of the outcomes of comparable sales in it's surrounding area. If you're looking at a house as your investment, and not just a place to live, it's always smart to know how the surrounding market has acted in the last decade or so, so that you can best judge how it'll perform in the future. If the market doesn't have a high turnover rate it'll most likely mean that it won't increase in value much, if at all, because there isn't a lot of data there to say that the house is worth 20% more than when it was purchased 20 years ago. You'll also might have issues with depreciation\ stagnation if the surrounding homes aren't well maintained over time, as each house holds it's own place in a micro-economy called "the neighborhood", and if that the surrounding houses drop in value the whole micro-economy shrinks with it. Obviously no investment is completely sound, but millions of people have made a lot of money CONSISTENTLY by knowing the game and approaching it wisely.

[@workingshlub8861]

people almost always buy at the max price the bank says they can..that is the mistake. buy a cheaper home and pay it off as fast as possible...remember it is a liability until you pay it off. on the other hand investment properties that produce cash flow is a good way to go.

[@1onlysuccess]

Total up the entire costs of owning a home based on a home of $100k price. DP 10%\$10k Property tax say $2k p year Home insurance say $500 p year Water & trash say $1,200 p year Regular maintenance say $1,200 p year A new roof during ownership say $5,000 New windows $5,000 Electrical upgrade $5,000 Plumbing upgrade $5,000 Painting $3,000 Just round numbers for perspective purposes for 30 years. Total mortgage paid in 30 years (because almost everyone follows the 30 year mortgage) and all other typical costs associated in a 30 year span. About $160,000 principal & interest. Property taxes $60,000 Home insurance $15,000 Trash & Water $3,600 Regular maintenance $3,600 New roof $5,000 New windows $5,000 New electrical $5,000 New plumbing $5,000 Painting $3,000 Down payment $10,000 So after 30 years that $100,000 house will have to be sold for AT LEAST $275,000 to break even. Not including realtor fees about 4%-6% to sell the place.

[@eavyeavy2864]

Or live there forever

[@dfpolitowski2]

Buying precious metals or stock instead of a mortgage today seems like it would have been the way to go. but only if you can get low rent, ie trailer park, live with others, live in a place out in the middle of the country somewhere.

[@4OneBill]

When you do move, try looking for savings on YOUR utility bills, the savings may surprise YOU! A win:win.

[@ChrisGraeveEstateofMind]

4One Bill great tip

[@mixplate9]

Thank you for this video. I have been trying to understand everything I can about buying a home and this is the first video that really made a lot of sense to me

[@ChrisGraeveEstateofMind]

I really appreciate that. Im glad my videos are helpful.

[@leachnikoloau7916]

I bought my 1st house 1998..after 20yrs I never got anything back..I let my siblings live in it w/o asking any money..a brand new house with brand new furniture... sadly I forgot everything deteriorates over the years... and so is the house..it got old and need renovation..I decided to sell it but still the amnt still higher from the amnt when I bought it 20yrs ago.. I bought a condo its already paid and rent it for 6yrs now and I can say that my money is coming back...now I have a new condo pre selling the rent I got fr the other condo is the one that paying my mortgage..once this new condo will be ready for occupancy I will rent it also..and that's how after 20yrs unlike the house I bought in a village stagnant..atleast with a condo that is in the city..very near to everything made cashflow for me..I believe buying is still better than renting..

[@Renzov12]

lorie cabical that’s actually helpful a lot of these comments are showing me you have to have a marketable investment no matter what

[@paullemay2409]

It’s a tiny bit better then renting, but is it worth the headache?

[@gardensageco2327]

Can you make a separate video on buying a home strategically. Other strategies to buying a house

[@jakejones5736]

Yeah, estate of mind. What you're overlooking is one's state of mind living with the horrors of room-mates. Especially more than one.

[@thinklikeido]

If you think you own a house or property just stop paying the taxes on it and you'll see who owns it!

[@robocop581]

Stop paying your rent guess what happens

[@eavyeavy2864]

Still me

[@sergiozamorano6413]

That's how the us financial slave system works hahahahaha. They want us to be homeless 😄

[@jamesmcloughlin7385]

Who buys a house and only lives in it for 3 months

[@user-xv9mi4pj5q]

james mcloughlin bill gates

[@terrysmiley]

I think buying is hands down the best thing you can do for you family. You can't lose money if you don't sell, just pick the right house and plan on living there for a long time.

[@coconutsfor2963]

The house is never really yours if you buy --- Don't pay your taxes and see if the bank doesn't take it from you .. lol There goes your down payment--- Besides I get bored of living in the same place for 1 year... Changing your view every year is mind blowing -- Besides when my dividends are paying for all my bills - I will probably be on vacation for the rest of my life...

[@imortgagebrokerbrisbane4567]

Thank you for this video. We helped our client to find the best one.

[@PradigyMusicman]

First things first, Realtor commission is negotiable it can be 5%. Secondly, you don't have to accept an offer that is requesting seller pay closing costs. Third, majority homes go up in value over time

[@masukomanagementrealestate9774]

Great information here. Bottom line is , it all depends on an individual.

[@MickCanada]

I LOST EVERY TIME I EVER BOUGHT A HOME OR CONDO NEVER EVER MADE MONEY EVER!!! I lost big money 💰 over the years Down Payment, Realtor-fees Renovations ( UP KEEPING ). Renting is way less Stress and you always have money 💰 in you’re pocket at the end of the day. One home took 3 years to sell the market Dropped I lost had to give it away had to pay more money at closing day !! But I do agree some people have a horse 🐴 Shoe Every thing they touch turns to Gold .... while all my investments turned to DUST 💨GONE. I know many who lost their shirts 👔 and I know a few who got lucky 🍀 along the way timing is 99% of making money in Real-estate!! If I Win a Lottery I still will not Buy Property. Many Rich people only RENT THOUSANDS A MONTH.

[@bmw803]

Did he forget transaction costs?? They go from 10 to 15%, attorneys, realtor, land transfer tax, house inspection. Repairs, etc

[@jorge62142]

they guy is a troll dont sweat

[@kristophergarroutte6843]

Transaction costs? There are some but not a lot. You only pay your Realtor if you are selling not buying. Buyers agents are free to you. Attorney? What for? I've never used one in a transaction. House inspection, appraisal, etc are less than $1000 combined. And repairs don't even really cost that much unless you buy a shit house. Even then you can take out a construction loan to do renovations, then tie the loan into your mortgage afterwards since your property value just went up...

[@MickCanada]

Joe mariconadas believe me the only ones making money 💰 are the Lawyers & Realtors and BANKS

[@kristophergarroutte6843]

Mick Y. Right, that's why no one buys real estate as an investment and make money. Year over year real estate has been the strongest and most reliable place to put your money because it's a high value tangible thing. Yeah markets rise and fall, but there will ALWAYS be appreciation. Banks and Realtors obviously make money doing it because it's a big long process with a lot of risk (for the banks and Realtors). And again, attorneys?? I have literally NEVER used an attorney in a reals estate transaction...

[@travisanderson7764]

Very great and informative video!! Thanks so much!

[@snakeguy76]

The rent/mortgage difference has more to do with the property taxes. With tax deduction on mortgage interest and property taxes it is worth buying - especially where the property taxes are 10,000.

[@watchmanexpert]

you right men ,I bought house 1.500 SQF in Chicago I paid 217 k the house is destroy ,need floor , kitchen , appliances ,and few more things ....I will spend 30 k but 217k plus 30k = 247 k total and house like this on the Neighborhoods sell for 275 k to 285 k...so when I finish the renovation I have 28 to 38 k on my pocket ;)

[@ChrisGraeveEstateofMind]

Tony MTA thats awesome keep building that equity

[@11110000joby]

People complain about Mortgages but landlords keep increasing their rent every year or 6 months, Why nobody is mentioning about this in the comments?

[@c.p_yatri]

I agreed with you bro.

[@RodClarkson]

Buying a home is not the American Dream. Buying a home is the American Nightmare. The cost of homeownership is very high. Mortgage Interest, maintenance, updates, taxes, being tied down to one location. Also when you sell, commissions and closing cost are 20-30K plus. If you are not going to live in a home for 7-10+ years, don't buy. I have owned several homes and I've always lost.

[@ChrisGraeveEstateofMind]

sorry to hear that Rod. There is a right way to buy to be in the green even if you're selling after one year.

[@fastlion6553]

I rented for 7 years and got sick of it because I can’t do my garden the way I wanted . And also I have a classic car which is my profile pic so I need my garage the way I want . I just work in a super market. One day I talked to a broker so he told me to save up 5% minimum. It took me roughly 10 months. Had a 4x4 sold it for $8k too. That time I had 3 cars but they not expensive one was around $1500, anyway I manage to buy first home and then after 3 years and 10 months I sold it and made $200,000 plus I paid $32000 of my home loan too. Next month I’m moving in to my big house and I mange to pay 30% of my loan, stamp duty was a killer . Look so far I never watch any videos or fallow any one , I did everything by my heart , always go with my heart . I think I’m not a bad person so everything goes really well for me . After buying my house thinking to go on a holiday for 2 weeks max. I’m proud . Always go with your heart be help full to others, luck will come to you . People telling me why you selling your home you can keep as a renting income and refinance that and buy a another. look like I said I’m not a investor or don’t have a highly paying job , I’m still a supermarket worker . Good luck people . I recommend buying a home even far away from your work and it’s feels like yours.

[@tejanshunikam5656]

Loved it dude!!!! Keep making content!!!

[@lindaadrid9795]

This assumes homes values will always go up. How did that pan out in 2008? The housing bubble is due to money printing and is unsustainable in the long run. Buy in a linear market, cyclical markets are more risky.

[@rich25375]

Very very helpful and informative!!

[@cookingwithaliya9977]

Good information.

[@zachpillay7236]

Most of the time if your buying a house at a discount, the original price was inflated and the discounted price is the reflection of the houses true fair value in the open market at that point in time. You dont simply make gain on the purchase.

[@Boreasos]

The profit/loss examples in the middle of the video completely omits the loss from the $5000 down payment, interest on the mortgage payments as well as taxes on the property, which makes the calculus significantly worse. The points made near the end of the video are more sensible, though flipping is a risky business.

[@PreferAndroid]

You don't necessarily have creative control over your house when you buy. As long as you're only changing something on the interior maybe , but you can't just change the exterior of your house in some cases if there are certain rules you have to follow. Sometimes you have to clear things with the homeowners association first. Also technically, you're still renting when you buy. You're just renting from the mortgage company now, and all your Equity is in your home. When you pay your house off, then it's yours. Assuming the housing market remains in good shape you could do well. Either way it's still a gamble, . Even if you buy in a good location, there's no guarantee that the location will remain that way. You could rent and invest your money well and still end up in as good if not better shape then someone who buys. There are so many different variables and factors to consider in either case. Buying a home is not for everyone and renting is not for everyone. Do what's best for you, don't let people try to shame you into thinking you should buy a home, if your heart isn't really in it. Especially if you're single.

[@aakashnilay6607]

Buying and selling a house in short time in practically impossible as liquidity is an issue.

[@aakashnilay6607]

*is

[@elite_pharaohthet2706]

Also if you live in a good house you bought the mortgage can be around 2,000 but a house for rent is around 750

[@MrFuzzyscreen]

the main reason i would rent instead of buy atm is because of the interest you pay when buying a house... it seems simpler to just have a roomate or two and just pay a few hundred a month.... unless you know what your doing trying to flip houses and can pay it off quickly

[@MrDon967]

don't agree, 20-30 years after paying for the rent you don't own a home, 20-30 years after buying a home, you own a home. simple as that, 7% return is at the best not worst plus its not guaranteed. instead buy a house where you pay about the same that you would pay if you rented a similar house and with little taxes here and there after a few decades you OWN that house, maybe halfway that you can buy another house and rent it out and use the rent money as your mortgage monthly payment :)

[@mikeillgaming4224]

My home appreciated 20k in one year ... Arizona is a good place to buy a home right now

[@mariestark392]

But but property taxes

[@rui-9-cs315]

pure gold

[@GeorgeAusters]

My parents house has increased in value over 300% in the past 20 years

[@tylerjodeblock1224]

ALL real estate agents will ONLY tell you its ALWAYS a good time to buy a house because the collect commission and take on no risks. YOU handle all risks of timing the market wrong.

[@kimgysen10]

Even when the price of the house industry goes up, I don't see the actual benefit of taking a loan unless you move to a smaller house after that or sell your house and start renting after your house has been paid for. If houses become more expensive, then so will the new house be that you will have to buy after having sold the previous one unless you buy one of less value (??). Most people won't take on another loan to buy another house as a second investment (I mean, you're getting already old by then). When you rent, you still have an amount of cash available every month (you really choose how much you're willing to pay for rent and what you get in return), and you can skip saving a few months per year, giving you extra cash to do something fun while you're still young, or to invest it in something else so that you can make some more money with it instead of living with constant loss (mortgage). Well that's how I look at it. I think it's better to rent and build cash, invest even a little, and perhaps a buy a house when you can pay a big part of it in cash.

[@ChristopherBalish]

Sure... and then lasso a gold-pooping unicorn and keep it in the barn out back. Good strategy.

[@johannahortenciarivera2977]

Renting is like giving your money away to another person. But at least you are living in and owning a house is paying what you need to pay without paying the landlord.

[@Moneyshotdrama7]

You pay the bank...🤣🤣🤣 With taxes. Worse than the landlord.

[@MaryJ363]

This is a good learning too; however, in the first example, where the buyer ends up "loosing" $1,000? I don't see this. Instead, what I see is that the home buyer only paid $1,000 to live in that house. Where can you live in a house, for 6 months, for so little? So, to me, its a win win situation. I guess I'm a person that tends to see a glass half full

[@Moneyshotdrama7]

plus all the interest and other costs not included.

[@datnohi8612]

I bought a house when the market crashed brand new for 92k It's currently worth 135k and I have it paid down to 69k my plan is to pay it off and only have to pay taxes and insurance which monthly is 232 dollars creating my own section 8

[@jamesTWisco]

Ummm its way smarter to take your downpayment and buy a cash flowing rental unit. The house you live in is not an asset unless it's a duplex or something where the renter is covering the mortgage.

[@TRINZINI]

Sure ... if you don't mind all the headaches that come with renting to people you don't really know (you know, bad payers, renters who just vanish, vandalism, you name it ...

[@TG021873]

TRINZINI imagine if all the big apartment owners had that attitude, you have to risk to make money lol.👍

[@father6371]

what about those of us who are vets using VA loans for a home. do these rules really matter for us? we put 0 zero down and 2% interest

[@bornbredclt]

VA loans are some of the best loans out there. 100% financing and low interest. If you can buy with a VA loan do that over rent, imo.

[@robertmikita5745]

I own two years ago I lost the last one six years ago to irene I couldn't rebuild so I filed chapter 7 I would like to buy another one what are my options

[@sergiocc393]

Man, you didn't include the taxes and fees you pay when buying or the money that goes to interest in your calculations, they are just not realistic

[@Flamms]

you never own the house since you pay taxs even when it s paid.Better to rent than to buy. And a house is not an asset, it is a liability. It becomes an Asset only if you rent it, but most people cant afford buying 2 houses at the same time.

[@Kevin_Roche]

Bingo. A home is a liability more than an asset. So much of its "value" is determined outside of the house itself.

[@MrDon967]

don't agree, 20-30 years after paying for the rent you don't own a home, 20-30 years after buying a home, you own a home. simple as that, 7% return is at the best not worst plus its not guaranteed. instead buy a house where you pay about the same that you would pay if you rented a similar house and with little taxes here and there after a few decades you OWN that house, maybe halfway that you can buy another house and rent it out and use the rent money as your mortgage monthly payment :)

[@tienzomby93]

Mr. Avi waiting for 20-30 years. Damn, I better rent and put my money in other investments. I agree, house is an asset only when you rent it. Again, it's exactly like the video said. Strategic buying will make you house become an asset. A house itself is a liability

[@MrDon967]

they give you the option to pay the loan in that much time, you don't have to take 2-3 decades to pay it off, its better not to so you don't pay twice the house value in interest alone, so buy it, rent it out maybe keep one room or so and rent the other out, then pay your monthly mortgage AND pay extra rent that you get from the roommates separately don't it along with your monthly mortgage, you have to tell them specifically that this extra amount i'm paying is for the principle that way you pay extra

[@1992bnbn]

Spot on

[@ericandude]

Your math is incorrect: when calculating the selling profit/loss you forgot to take into account the down payment you lose.

[@Moneyshotdrama7]

You forgot to add the interest amount paid in the beginning.

[@IllinoisTrafficAttorney]

Not to mention buyer closing costs and the likelihood that you will not sell at asking price plus the cost of moving

[@Moneyshotdrama7]

You may not be able to make payments and the house is taken away and you lose all money including extra costs and interest. Scary!!

[@trinmaav]

You forgot to mention the taxes that you will be paying every year which is an out of pocket expense. In addition expenses such as repairs, roof, heating or air conditioning may come up. This makes buying not so great

[@Kevin_Roche]

Exactly. There are many overhead costs that this video did not mention.

[@MrChuckles105]

You can also rent a small apartment that will cost much less than the cheapest mortgage payment.

[@blackworldtraveler3711]

Blu Next time pay attention to what you're doing and buy a home you can afford.

[@Moneyshotdrama7]

@@trustthe_process4371 Actually paying half the price of the lowest mortgage in NY and amazing neighborhood. Maybe I'm just lucky.

[@DJ-ji5ib]

Renting is great for a while but then you realize that they're going to keep raising rent as much as they want and as often as they want. Ain't nobody raising a mortgage...

[@limitless1692]

this video is biesed to buy

[@ChrisGraeveEstateofMind]

luciu constantin yes that was my intention. That if you do it educated is a smart decision for anyone.

[@nigtau2715]

Mortgage would be less than rent... Yeah but no DOWN PAYMENT!

[@bornbredclt]

There are lenders and state programs that offer down payment assistance.

[@IllinoisTrafficAttorney]

@@bornbredclt if you need down payment assistance to purchase a home, you probably don't have enough money to afford a home. Your money would probably be better spent renting in a smaller place for less money and investing the rest in your retirement while building up to a down payment. People fall into the Trap of building Equity thinking that they are getting ahead by buying a home when they are cash-strapped. In contrast, all it does is tie up a greater proportion of your disposable income into an asset that appreciates only slightly above inflation. This makes retirement a far-off dream while leaving you house poor. Yes, you gain equity. Unfortunately, you do so at the expense of having no funds to pursue anything other than paying for the land you will be bonded to. So you have a paid off home to eat but can't retire because your opportunity cost of investing most disposable income in your home didn't allow you to invest for retirement. In contrast, if you rent a smaller property for what you would pay in non-equity building expenses (taxes, HOA dues, increased utilities costs, repairs, mortgage interest, PMI, etc), you would have money to invest while saving for a down payment.

[@IllinoisTrafficAttorney]

Very simplistic video. It ignores clear downsides of home purchasing such as opportunity cost and neglects to include major costs such as closing costs for the buyer. There are situations where you can make money on a property shortly after purchase but the video is very misleading about this. Leaving out the two to 5% closing cost buyers usually pay is a huge oversight that drastically changes the math. It also assumes you will sell the house at asking price which is quite frankly extremely optimistic. Only sophisticated home investors can seriously expect to actually yield returns like this and suggesting otherwise is at best disingenuous and at worst Reckless. It does make good points about house hacking but the point about selling the house at a gain is unbelievably poorly calculated.

[@k11155]

my house owner : don't buy house. renting is cheaper. me : OK i pay your mortgage ;) some years later : my house owner : get out of my house !! me : it's yours??!! OK :l

[@sergiozamorano6413]

Too good to be true. Good look with monthly payments for at least 30 years and global recessions showing up every ten years 😄

[@JEFFINJAMES23]

did you forget to add the 5K down payment?

[@Keonahawk24]

Jeffin James 2:38 he mentioned down payment

[@IllinoisTrafficAttorney]

He forgot closing costs

[@iiTPayne]

So basically, just rent.....

[@ChrisGraeveEstateofMind]

Kid Swifty the point of the video is to show people that most of the time it's smarter to buy if you do it smart. And it actually ends up being super beneficial to do so

[@Xycopixie]

Ikr, way to much research and timing and mental management. I will just build a tiny house.

[@quantizhamilton2838]

You lazy hun

[@mikeillgaming4224]

Hell no

[@blackworldtraveler3711]

Binary Number Better chance being divorce raped and child support weaponized against you than a tornado with a tiny house.

[@shazam6488]

poor guy. as a "home owner" im gonna dump on you some more. this "flipping" fantasy makes sense theoretically, but when u have kids, paycuts, recessions, school costs, vacations, trips to home depot, tax increases, new garbage tax, new sewer tax, etc,etc...are u feelin the pressure? i feel like im drowning. dont fall into the trap! RENT! or continue living in yer parents house where its safe. theres always hot pockets, magically replenished in the freezer.

[@ActuallyEvilIRL]

Sha zam I actually heard of people flipping houses before it was on this really expensive house show where people was buying 1m+ homes and they made most if not all of their money flipping.

[@blackworldtraveler3711]

Sha zam Not married. I'm immune to divorce rape and weaponized child support. Don't have those issues. No pressure. Just bought what I can afford. Paid off my 30yr. mortgage in 9 years in upper middle class area of Tulsa. Since my home is paid off my entire household expenses(utilities,property tax,home/car/health insurance,food,dues maint. etc. is $1400/mo.while everyone around me is paying more than $1200/mo. rent not including utilities and minimum of $1500/mo. just on mortgage alone. Paid $240k cash for my dream condo on Marco Island that was a $560k short sale during housing crash in 2007. Total $1200 monthly household expenses paid for with some of my ExxonMobile dividends. It's not the home that's the trap.

[@paullemay2409]

I fell in the trap 4times, made like 10k first home, broke even, broke even, lost 35k on 4th home. Never again

[@NavyMan010]

Selling vs leasing

[@GuestYouTubeUser]

Lol You’re a hypocrite. If you low ball them $15K. Someone can do the same to you! Your house is only worth what someone is willing to pay for it.

[@Chinunit22]

My stepdad bought a house in 1997 for 125k now his house worth 350k in 21 years later. Welcome to Denver Co the place everybody wants to move to, the new California

[@AJAnewage]

Дядя Федя probably gone up that much through inflation

[@pannettepok2873]

Seem impossible for me to find a house that rent and give a return of 20% , how do I do it ?

[@markuscraig7945]

Basically if you got the money own. But if you don't rent.

[@bornbredclt]

rent if your credit is bad, but there are loan programs out there that will assist you in buying a house. I have client that have bought a house and walked out with cash.

[@sadikmeah4057]

So contrary to what the title of the video is, this video is in fact "the best way to buy a house..."

[@ruicarson606]

must be in america? in Australia Victoria you buy a housevfor $540,000+ interest is $804,000+ you must pay rates that should be around $3,500 a year+ insurance that will be contents too+ you have to pay for electricity gaz water after 5 years you not own a brick,as well because you're landlord you own this house you don't get welfare assistance. so if yo try to sell the house after 5 years you don't get 1 cent

[@KirillAtlanta]

The video has nothing to do with reality. That’s a dream scenario.

[@t2sballsackinrockstarsass231]

If their wasn't house tax and home ownership cost then this would be worth a investment

[@kyleephraims5337]

This is if you buy at retail price though

[@strai8665]

This advice is so specific, irrelevant, and awful. Basically only watch if you want to be a landlord.

[@leaf4267]

What is the background's music plz?

[@scanjett]

can't get a loan so have to keep renting

[@kalidmohamed4582]

nice

[@og6517]

I live in the best area in Vegas called Summerlin.. my neighbor paid $460k for the same exact house that I'm renting for $1675 a month. Neighbor is also under water on his house since he bought in 2004. I would have to put down a huge down payment for $1675 a month. Sorry.. but house prices don't always go up 3% in value each year. If that's the case.. then you wouldn't have anybody under water on their mortgages.

[@ChrisGraeveEstateofMind]

you're right. nothing is ever exact or in stone. 3% is on average over the last 30 years. obviously sometimes its down and sometimes its up 10% in a year like Denver. HE bought right before the crash and most areas recovered by now and some didnt. So nothing is exact but the 3% is on average over a 30 year lifetime of your loan and owning your house.

[@ChrisGraeveEstateofMind]

just depends on the neighborhood.

[@brianedwards9782]

Estate of Mind

[@workingshlub8861]

people are under water because they kept refinancing and cashing out when the market was hot...big mistake. do not use your home as a bank account.

[@ChrisGraeveEstateofMind]

OKAY GREAT agreed

[@jakejones5736]

You're wrong. If you, the highest bidder, purchase the house for 175K, then that is what it's worth.... NOT 190K.

[@TechBuRn1337]

Right, here in stupid Canada I could only afford a half-duplex at 369,000 fucking dollars. So yeah I am a "home owner" but I have to share walls with inconsiderate pricks. Most jobs in this country won't allow for 450k + for a detached home.

[@edymasta]

I see ppl complaining here. Here's the answer, don't live in a liberal state and AFFORD your mortgage!

[@aliyahararia8614]

There are no house with that price in toronto now 🤣 and how much is the salary you didnt mentioned too

[@elite_pharaohthet2706]

There are houses you can rent without sharing walls or pet restrictions, Also did this come from your experience because this about renting some of it is not true.

[@signerrepairs]

you said you can get a house with a program ( low-income) but you did not say anything about it.

[@IllinoisTrafficAttorney]

He was talking about FHA mortgages which require only 3.5% down

[@everspanggers3997]

The value of a house goes up so after payin mortgage off, you stay free in your own house which probably has higher value. And the renter will forever rent. Don't believe everything you see on the internet. People nowadays are being conditioned to do investing.

[@ADerpyReality]

Good luck with under $350k (lower end) for a decent place.

[@Joey---]

No one buys anything! Everything is rented in the U.S. You will always pay rent to the county or perish you live in, and that doesn't even include the ugly side of HOA's you will always pay rent to.

[@flashmedia8953]

This video is like a fantasy land. So out of touch with reality. I'm a home owner and for about 5 years of renting it out, I can tell you that with all the benefits and glory, renting is still better than owning a house. Not every house you buy could generate consistence rental income.

[@bornbredclt]

I hear ya, but people gotta live somewhere. In Bear markets renting goes up, so hold on to your home if you can b/c it's coming soon.

[@trash9336]

Sources?

[@nicolediaz8029]

This is A JOKE! Who buys at the right time? And what house is 100,000? My home was 410,000 in San Diego

[@TG021873]

It's better to buy than to rent, and definitely don't have kids until your ready lol. 🤣

[@TG021873]

Better to get a apartment building to rent, you could pay it off and make some money or flip it for a profit. Get your family in on it lol. 😎

[@malikkristiansen1820]

It's called a bargain

[@jackjo2739]

Yeah right.. Most millenial can't afford home anymore.. Btw, the house in my area appreciate more than 10% -20% per year! The annoying thing is most of the house no one lived In for years! Just bunch of foreign investment stashing their cash... 😒😒

[@enriquejaimes3368]

jack jo vancouver?

[@TG021873]

You could afford it if you live with your parents, save most of your money, and start a buisness with either your family or close friend's.

[@rommeldude1]

What people dont know is the inflation of prices will go up by 50% and if you pay off 75% of ur mortgage that 75% of the total price of the home will go back to your pocket and the 50% home value increase will also go to your pocket, so its a win win for home buyers