Why I Rent an Apartment Instead of Buying a House As a 30 y/o Millionaire

[@CharlieChang]

What are your thoughts about renting vs buying? Let me know in the comments :D

[@kidsartuniverse]

weren't you renting a house not too long ago?

[@f430ferrari5]

@Charlie. You shared a lot of good and truthful points on why renting can be better than buying. A big caveat though is that you did indeed buy but you’re just not living there. It’s an important distinction. So even for a person / couple who purchased a home they do have the option of also renting the home out and moving to a certain job location then rent. I can only go by my experience as a home owner. Yes it’s true that “initially” the mortgage payment plus property taxes and possible HOA is higher than renting but that isn’t the case anymore over time even with still making a mortgage payment. Rent has skyrocketed and it’s scary to think where it might go. I would encourage most to save for a down payment on a house. Buy at the best time possible and it’s difficult to know where this is for anybody at any time. If one is aspiring to start up a business then it doesn’t make sense to buy a home. One can still rent but perhaps rent with a friend to cut costs down.

[@jessicakim5204]

Besides safety and maintenance, the other reasons you provided will likely start to change as you enter your mid-30s. Not that age matters when it comes to settling down but life wisdom does tend to head that direction. But agree that size doesn't matter. I own a 1200 sq ft condo and it works perfectly :)

[@counterproof]

For me buying a 4 plex, not a single family home, was the best move for me. I essentially lived rent free while the other three tenants paid my mortgage. However, the downside is there were no special ammenities or high value residents to network with (lower middle class neighborhood). That property is still a nice income producer in my real estate portfolio.

[@MotoM0nk]

I agree that apartment is better for certain lifestyle/work, but I also think it's better if my monthly cheques are going towards the mortgage for an apartment (in a high demand location), or better if i have tenants living in another room (I.e. duplex) and helping with my mortgage. That way in few years (3-5) I will own the apartment, which I can rent out if I don't want to live in. At least that works in Dubai

[@nawab256]

I do want to remind people that apartments aren’t as cheap as they use to be and owning a house can turn into an asset if you can pay it off faster or rent it out. Apartments are costing more per month then a mortgage but if you aren’t staying in one place it might be easier to live in an apartment. This guy also makes a ton of money so don’t expect to live the same way he does in anyway. That apartment is for people that are loaded

[@VMYeahVN]

Even with all that being true, for a lot of people, apartments are still going to make more sense solely from an actual lifestyle perspective. It's not always about the financial side of it. Apartment costs are high but so is home owning, and the latter doesn't have any lifestyle benefits other more space for if you have dogs and kids and it only adds complication and more cost in terms of maintenance and upkeep and houses only make sense if you're going to stay there as your main residence for 5+ years. So i think the bit in Charlie's video about "rent where you live and own what you rent out" makes a ton of sense as a best of both worlds scenario for someone to set a goal to get to. The other good thing about apartments too is that, all the benefits of an apartment he listed in the video scale down to lower priced apartments too. Shared amenities, the networking opportunities, the security, etc, doesn't go away if you don't make as much money as Charlie does. The apartment just simply isn't as "fancy".

[@nkeiru26]

@nawab256: exactly! Solid points. I’d buy a house any day over rent an apartment…. Just like you said this guy is loaded… perspective is completely different!

[@negusnutrino8863]

Also he never said he would never but a house

[@kyle-qw5yx]

I find it hard to believe that the cost is similar in any area. For me rent is high. I pay 2k/month. To buy a home my mortgage would be 3500 and i'd still need 90k to put down

[@Phonoodles408]

@@VMYeahVN good point. It’s like some people like bicycles and others like motorcycles. Always a market for all parties

[@wendyskinn]

I couldn't agree more with this video! When I moved to LA earlier this year, I was questioned by my friends and family about why I am pouring so much money into renting my apartment when I could pay a mortgage on a house with that amount. My reasoning was I love apartment living for its safety, no stolen package, maintenance for free, flexibility in the area you get to live in, and the shared amenities! The biggest reason why I don't want to move into a house is that I will lose that 24/7 security as you said in your video! Great video again!!

[@CharlieChang]

Yessss! Love that Wendy. I also enjoy those things which make it like living in a hotel

[@anesthesia101online]

What’s LA Average mortgage vs renting monthly payments nowadays?

[@maxitaxiish]

Why not but your own apartment?

[@noname-nu6oo]

Good for singles

[@tarinaaleamoni6531]

Thank you for making this! Everyone’s constantly shitting on renting, but there are so many benefits to it and not everyone is wanting to commit to live in a certain area for a long time in a house

[@longshen618]

One of the biggest reasons why apt works for you is because you’re single without kids. Once you have a family it significantly shifts the need for housing.

[@Klake-bk2dp]

Disagree, I have kids and would definitely prefer apartment living if not more! Kids get bored of backyards and playing on the same playground, well kids that get to experience other play areas. If one school district is better I can temporarily move into or if one of my kids needs are special care I can more easily adjust my life. Dogs and single family homes hold back millions of people.

[@audiophileman7047]

There are only two reasons why people rent instead of buy. They can't afford to buy or they don't want the responsibilities and work of home ownership.

[@f430ferrari5]

I would say these two are the most “common” reasons but it doesn’t apply to all. Look at Charlie. It’s also not really about “can’t afford”. Many can manage the month mortgage payment. What they are not able to discipline themselves with is saving for a down payment. So many just buy the latest and greatest iPhone. Some have a car lease over 1k. They want to drive that fancy BMW or Mercedes “now”. I saved for a home first. I drove a Honda Accord for many years. I saved before buying my cars. Most of the folks I know who have luxury cars own a home.

[@audiophileman7047]

@@f430ferrari5 Good point about discipline. That's a nice refinement on "can't afford". I did the same as you. When I was young, I would save as much money as possible, every month when I go paid. If I did spend money, I was very frugal about it. I'm financially secure now, but these days because of the way the economy is being managed, we could lose it all to inflation and other economic problems. I grew up poor, so I know how to live without, no big deal.

[@samuelkim6845]

This comment needs to go all the way to the top. Who would rather pay the landlord every month and never get that money back versus paying a mortgage to increase the equity for your asset.

[@heinrichtrotter5442]

Renting an apartment is much cheaper than buying a house plus while you are renting an apartment it also gives you the chance of saving up or putting money away to buy a house in the long term as well.

[@lemarspeed1614]

Keep in mind, when you buy a house it's not just the MORTGAGE. It's ALL the other expenses for the next 30 years while it's DEPRECIATING. Most houses are emotional buys.

[@nikk5002]

The safety aspect is the biggest reason I love apartment living. If I wanted to own, I’d just invest in a condo for that reason.

[@babyhermanstortoisepipsque1538]

I appreciate your comment. Another person commented that yeah well it's better to have a house because you can return on that investment. Well at my age being 55 and declining health I really could care less about having the perfect investment to wait on for 5 to 10 years. Who knows if this whole world has 5 to 10 years the way things are going. It's just my personal opinion that I would be happier with renting if I had say a small Lottery prize where I could just quit my job and just retire. Unless I won like maybe several million because even where I'm at now in North Carolina although I used to live in Cali it's become a lot like california. The median price for a nice house in a nice area here is about $800,000. Tack on even wanting the idea of retiring and it's money that's beyond belief.

[@SkinChicaSam]

I am a single 31 year old, female and live alone in a 800 square-foot apartment. I love it and the fact that it is very efficient and I don’t have to worry about the maintenance and upkeep of the apartment. I can literally just call them and they will fix it right away…..and thank goodness I have a great property manager that is responsive and professional at all times. Plus, my lifestyle is very much so on the go and I love the fact that I have the option to terminate my lease whenever I would want to or just wait until it ends to pick another place. Don’t get me wrong. It probably is a little bit more expensive to rent nowadays but for the lifestyle that I have and the lifestyle choices that I make…it makes total sense because I do not have the time or nor do I want to make the time or put forth the energy to maintain a home and all the things that come with it. Now if I had children and a husband and all the works, then I would definitely consider a home. But for my current situation, I love it and I wouldn’t change a thing, except maybe having more space which would mean I would just need to get a bigger apartment, which is not a big deal! Bless!

[@weivu]

Currently living in an apartment and I agree with all your points. Its so efficient. I have not lived in a high end apartment yet so the only thing i am looking forward to experiencing is the networking and better facilities

[@TheCoolOwen]

Living in an apartment leaves more money to do fun things. Makes perfect sense.

[@ScarfaceMartinBeats]

If youre not settling down renting works but if you are going to dig your roots in a city or town then you have to buy.

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊.

[@JeremiahPeoples]

Solid video! I’m leaving my apartment to buy and I’ll miss these perks

[@Bullitt2024]

This opened my eyes to some valid points in Apartment Living. Well done Charlie.

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊

[@WasabiGato]

It is interesting that you made a video like this. Every place is different and amenities vary by how much you pay in rent. I used to live in an apartment in Pasadena but it just so happens for me that now as a home owner in the burbs of LA, I'm paying less in mortgage payments than I was paying rent. Not to mention that mortgage interest is tax deductible as well. My house is walking distance from shopping, movie theater, restaurants and schools and the freeway. I can get to DTLA in 20 mins. I used to argue that renting is "better", but it really wasn't in comparison to my previous living condition. It is true that I saved money on maintenance, but I was frustrated by the limitations in what I was allowed to modify with the living space, I can't just replace the ugly stove in the apartment or hang a mountain bike in my living room or replace the loud air conditioning system. Now, I save money on groceries and I eat healthier because I am able to grow a small farm in my backyard. From avocados to oranges, the possibilities are limitless. Another thing about having a home is that I can host large parties to network with people and there's plenty of street parking for all my guests. The laundry situation is great too. I hated having to share washing machines with a bunch of tenants. But everyone's situation is different. I think I just got lucky. In other locations like NYC or San Francisco, you may not have a choice.

[@bigjawn40]

As a family man now, it's super different. I want space and I want a home office and I want privacy.

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊

[@republicunited2183]

And to grow food! 😊

[@ravenna9969]

Because you are GROWN and can do what you want with your money ❤

[@hifijohn]

Ive rented and owned and owning a house is a huge money drain, especially if its a very old house, it seems every month something else breaks and repairmen are very expensive.

[@rastradamus1074]

Pro Top: Don't buy a old house

[@sandysimmer1279]

@@rastradamus1074 I bought a 3 yr old home 19 yrs ago and yes, it is a financial drain. In reality, my 103,000.00 home is going to cost me about 500,000.00 by the time I pay it off. This does not include up keeps, taxes, etc.

[@rogue8853]

Exactly why I rent over buy. Be different if I had a family and a standard 9-5 job and enjoyed working on the house but as someone who likes working a lot and coming home to do nothing but enjoy amenities renting is so much better. It makes $ sense if you take the money you save from renting and invest. If you’re not investing it then you should probably buy a condo

[@josh.mountain]

Great video! I completely agree with the point about the flexibility and cost-saving benefits of renting instead of buying. It's such a smart way to save money and avoid being tied down to a particular property or item if you can’t afford it.

[@shumatsuopost]

This is a really good move. Glad it worked well for you!

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊

[@ashleyd7447]

I think I'll be a renter forever. I move often (fear of being in one place forever) and I think it's cheaper than buying a home.

[@dbazile15]

I'm always curious on how content creators meet each other. I first heard about karlton through tik tok and you came up on KZbin recommended. Now I learn you both live in the same building. Just shows how small of a place earth is

[@CharlieChang]

Karlton and I grew our channels together pretty much! Haha

[@arigutman]

With all the respect in the world, I used to work for one of Manhattan's most prominent real estate firms and each of the founders would strongly disagree. Renting is a waste unless it is dirt cheap and you have properties you own that you are renting out for more in which case allows you to live for free.. If I was still in the USA and not traveling I would have bought in 2020 and once I am back that will be the plan.. multi-family properties...

[@LionCrossAlum]

If you have properties you own that you are renting out, you can also stay in a high end apartment for free. Then you still get the benefit of the community, safety, amenities, free maintenance, etc etc. I personally too would have thought renting to be a waste of money, but these points that Charlie made are all strong and valid.

[@tranfan]

I do love apartment living and don't like the upkeep of a single family home so I bought a townhouse. It's kind of a compromise between an apartment and a house. There's no maintenance as the HOA takes care of the exterior and landscaping. Also my mortgage is currently less than what I would be paying in rent for my area. Ideally my next place will be a townhouse or detached condo/SFR in a gated community with amenities.

[@Msfili]

i feel much safer in an apartment and the fact that lots of ppl around if you need help

[@_1Brick1_]

I don’t like people so it’s not a pro for me. I hate small talk

[@CharlieChang]

I hate small talk but find a friend who's extroverted and they'll do all the small talk for you haha

[@heathjohnson2575]

Home ownership isnt what everyone makes it out to be. Ive owned 3 and would rather live in an apartment again. A house is only better if you want to stay in it for at least 8 years. There is a huge world out there and I dont want to be stuck anywhere.

[@oaktownist]

I agree I’ve rented my whole life took the plunge bought a house like everyone says live the American dream. Nothing but expenses on repairs that I don’t have money to fix. It’s more of a headache. About the only thing I like better is don’t have to pay pet rent every month and don’t have to worry about a loud neighbor in A apartment or a weed smoker inhaling the fumes through the vents. Now I’m stuck so far because I don’t have enough equity to move out

[@LeNguyen-im8dm]

Well, if we don't have a big family and especially single people, living in apartment saves money. One big reason is all about money. Houses are also safe and can meet a lot of nice neighborhoods too. More space and can party at home during weekend. Other reasons for not living in houses just for excuses for financial tights.

[@Doors067]

My condo is my happy medium I get my pool community and still building equity

[@CharlieChang]

Nice!!

[@piercechan]

I recognize the apartment you are living at, its a great complex and super convenient location.

[@shahidwiggins]

You need to look into the tax write offs of owning a home, and especially if it’s used also as your business. There was no comparison. That’s what made me rethink renting.

[@nmoore8994]

In an apartment you can write off the sq footage you use as office space, the wifi and electricity if you work from home.

[@trigganometry168]

Sorry I need a garage. But when I retire I plan on selling the house and rent in different cities and countries.

[@Tameika]

Yesss. Renting is by far the smarter option when you're young and unsure where you'd like to live

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊

[@bluegoblin2196]

Key word “when your young” what about a 35 year old who has a wife and kids??? Lol

[@bluegoblin2196]

A lot depends on where you are in your life

[@VENUEATHENS]

will you make a video on meeting people? How to meet people, how to have people skills, communicate, initiate conversations, maintain relationships, network, etc.. Because I hate people and being around others, infact i get anxiety in crowded places and then followed up by rage! 😬😬😬

[@slideboytae1891]

Wassup Charlie young king 🤴 👑💪🏾 I’m 19 I been fighting with trying to figure out what I should do when I’m ready to move out. This video helped give me a different view point.

[@Aaron.trades]

Great video Charlie, I think freedom when you are young is such a big pro too!

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊

[@babygiggles73]

Living in an apartment in a country like the USA is the best thing anyone can do: 1) Social life is way better in apartments ( currently in house in some lonely suburb moving out soon) 2) Security for sure houses are nice to look at during the day but at night you can barely sleep 3) unnecessary HOA i live in a subdivision with $300 with Zero amenities nothing i mean no playground for the kids no pool Nothing 4) Maintenance 5) Flexible 6) And much more I love this video ❤

[@Klake-bk2dp]

Yeah, also with families. Buying a house is a terrible idea. Unless you have a very good support system you’re not really going to be able to manage a house. People buy a house because they want to start a family!? That makes zero sense to me. Most of your adult life will be without kids. If you rent you can get exactly the space you need and want when and where you need it. When my kids go off and do… whatever. If they need me, I will be there to help. Because I’m not stuck in a meaningless golden cage.

[@the1337fleet]

Safety is definitely a perk. I have a concierge that sees everyone going to the elevators, and you can't get in unless you ask or have a keyfob. This is easy to get around if you know how, though. Just pretend you're a doordasher and ask for a floor...

[@darkvctry7482]

I've seen people drop 30k just to remodel their homes. Yeah I prefer renting and no maintenance.

[@askme5855]

Yea, I know ppl with affordable mortgages...but have had basement floods multiple times, roof repair, windows replaced, trees removed, underground pipes burst, HVAC & yard maintenance and a ton of interior upgrades like appliances. You can't compare mortgage payments to rent, lifestyle and money spent on the house over the years is a factor.

[@Raul619Meza]

As an introvert, I can't wait to move out of my apartment and buy a place out in the middle of nowhere.

[@davidpham9353]

Meanwhile I buy multi family and apartment complex to rent out while renting a nice house to enjoy. Love renters and their mindset 😊

[@echtogammut]

The big caveat I have with renting in complexes, is who owns it and how active they are in maintaining it. Having lived in two very expensive complexes that were sold to investors who proceeded to cut costs that resulted in sanitation and security getting so bad that myself and everyone who initially bought or rented the spaces left. I'm a bit cautious about the long term stability of any place you rent. Renting houses can be a lot cheaper than owning, especially in VHCOL / HCOL locations, but you do give up the amenities and community of large complexes. In many areas, like California, there is practically nowhere you can buy a home where the mortgage - tax deduction, is less than rent will be. The only fiscal sense that buying has, is counting on future home prices going up. Historically this is true, however we've also never had a point in history where the average salary : average cost of home ratio is so skewed.

[@Stache987]

Or you end up leasing to find the landowner selling off for redevelopment and your having to bear moving expenses again.. I've had irresponsible landlords where I had to threaten to pay rents to court escrow to protect myself.. things got fixed quick.

[@JayLawson]

"Historically this is true, however we've also never had a point in history where the average salary : average cost of home ratio is so skewed" Exactly!!!! I just looked at the median income from 1980/median home price 1980 vs today and the ratio from 1980 is 45% whereas today its 16%...insane!

[@cheolson1319]

Knowing Charlie Chang by following his previous videos that one of his primary job is selling houses, there should be a good reason he lives in apartments and interesting to hear his opinion on the topic.

[@calvinmiguel4405]

He should have prefaced that he owns property. It’s unfortunate when first time home buyers are priced out, but really can’t blame him if what he’s doing isn’t illegal.

[@s5101984]

Is aus. There are people on 100k a year salary that are still homeless. Renting has become competitive and pricey . Buying a house requires like 100k deposit since it's 20% of house price and house price is like 500k Average over here....

[@BDAILY365]

Recommended 20% here in northern California bay area...average old house is over 1million. With everything expensive it's hard to down 200k for a house...if you find a house available!

[@cynthiacider]

8:20 how do you rent out your office space, would be happy to hear more about that!

[@blaccitachi3275]

Its hard finding a apartment because alot of places dont accept Huskies in the apartments so a house with a big yard is perfect but I do see really nice complexes though

[@maccheese3190]

I can't do apartments like these, it feels like a hotel. I want to be able to get out my door, walk ten steps to my driveway. I won't want to go out if I had to walk long hall ways, take elevators/stairs, go around in circles to get out of parking structures. Then having to haul groceries/supplies back to my place. To each their own, but no thank you.

[@educatehour]

Highly underrated comment.

[@andrewpagan]

Wouldn't it be better for you to buy a condo, and you can deduct the property taxes? I don't think renting is the best financial move for you since you could easily buy a great condo in a great area.

[@CharlieChang]

I have a condo in LA as an investment property - but yeah no good condos around my area I would want to live at!

[@VMYeahVN]

Renting isn't the best financial move, but i think the point of the video was to show the actual lifestyle benefits the cost is paying for and why that is worth it for certain kinds of people. I think people who are still stuck on "omg you have to buy/own a property" are coming at it only from the financial side of it and not the "what is it actually like to live it on a day to day basis". So i think if you desire and properly use the benefits that come with renting an apartment and you can comfortably afford it, then it's not the objectively bad financial move people make it out to be. Especially if you're like Charlie where you've got a main residence and secondary properties. Then it really becomes more flexible and unimportant if your main one is rented or owned.

[@travelfoodielove]

Love that you touch on safety

[@VMYeahVN]

I really relate to a lot of this reasoning for renting apartments instead of buying a house. For me in particular i'm really big on liking being around other people (while still being able to have my own personal space). The idea of living in a quiet suburb among people who all live basically the same normie parents/kids lifestyle is really unappealing to me. Apartments and the urban environment provide more of what i'm interested in like being near a big variety of types of people, lots of conveniences, apartment building security, shared amenities that don't cost me extra for upkeep, being near restaurants, bars, grocery stores, etc. Comparatively, living in a suburb just seems like something you only do once you have kids and want to be near some nice school and want to live a settled down quiet, arguably dull (no offense) life. And that's just not something that aligns with me and how i want to live day to day.

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊

[@Jake_Towne]

Wow! Really great video! Lots of good information 👍🏼

[@exoticali4458]

I can't Imagine the kind of Brain God gave u. Whatever u involve urself in, u became extraordinary 🚀 🤝🏿

[@4thand133]

One thing I don't often see mentioned is noise from neighbors. Apartment living appeals to me but I worry about living in such close proximity where I might be annoyed by loud music, video games, parties, kids, etc. in the apartments bordering mine. My perception is that apartments have thinner walls than most condos or townhomes? Any apartment dwellers find noise to be a problem?

[@seashotel]

i think i’d save more money by staying with my mom.

[@CharlieChang]

ultimate rent hack

[@s5101984]

I would do that but I can't stand my mother's constant nagging 😞

[@BDAILY365]

Stay as long as you can but never without a job and moving forward financially.

[@Schwidawg]

@@s5101984nd what did she do for you the past 18+ years?????? Suck it up for a few, save $$$ like hell and become that strong independent person that I am sure you mom wants you to be in the first place!! (Also, I really doubt she wants you at home either but she will be willing to help take of ya for the next few years as opposed to taking care of ya for the next 30+, just saying.)

[@AnomalyBelleza]

@@BDAILY365 Golden. 💯

[@JimmyJaxJellyStax]

Apartment is a totally different lifestyle indeed. The house is more about knowing all the meetup community places nearby.

[@nieceylanair65]

I believe it depends on your lifestyle. A person w/o kids or no plans to have any? Apartment is a better option IMO. A person w/ children? A house would be a better option.

[@marias8007]

That is the nicest apartment complex ive seen

[@cramsa]

I live in a townhouse and more and more I want to move to a condo high rise apartment.

[@LWinSouthernCalifornia]

Paying rent on the 1st of the month is never ending. Rent increases are never ending. Payoff your house and it is cheaper than renting.

[@Coastalvibezz]

Running a trap has pros in the apartment life.

[@oluwaseunenoch6657]

Everything you said makes a lot of sense and I can’t agree less, especially with regards to ease of mobility and time and money saved on maintenance. However, you don’t often get all these good stuffs that apartment promise. Oftentimes the apartment is poorly maintained and all you get is the rent increments. From an investment stand point this doesn’t make economic sense but if you have other investments, your personal living space doesn’t have to be an investment property.

[@Jimmyzheng12321]

Depends on how much you pay for rent, I see a lot of people paying more in rent than me paying for mortgage(2 of them) nowadays

[@grod805]

Well that's why he pays more

[@sandysimmer1279]

Yes, some mortgages are lower than rent. But you pay dearly in other ways. Taxes, up keep, replacement as things wear out. I am a homeowner of 19 yrs speaking from experience.

[@robocop581]

People rent for mobility Not exactly true. A lot of renters that move a lot were either evicted, renovicted or faced unreasonable rent hike. Most people tend to stay in one place due to the nature of their jobs. Teachers, police, firemen, sales clerks, plumbers usually don't get lucrative job offers from other cities, provinces or states. Many of them also settle long term in one place for fear of losing their rent control privileges. Many renters once comfortable with their surroundings, also won't take the chance to move to a new location because of uncertainty of new neighbors and Landlord.

[@TheRealGringuito]

I have been preaching most of the points you make for many years but it always falls on deaf ears because I'm still broke. I think the American dream is not what it used to be and people don't realize that!

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊

[@BlackghostKiller]

Yep big facts man I personally don't really believe in the American Dream i think it's all bullshit tbh my guy but like you said the average working class won't get it because they have been guzzling this American Dream bs down their throats for years smh and the 90% of Americans trying to live and attain the American Dream are failing miserably and are living paycheck to paycheck

[@spartan04801]

Nothing wrong with renting since you are not responsible for repairs or maintenance since homes and rentals need attention. I come home and relax.

[@TheEatShizzel]

I dislike being around so many people. People are super inconsiderate and mean now a days. I live in a luxury apartment complex and the people here suck.

[@putik279]

If you have chance to buy your own house or property, Better not to rush and check realstate return of investment first. For renters, best to find offers like rent to own and atleast your turning your expenses to be asset. If you decided to leave or move to another place then you can for rent your rent to own property or find someone who can assume the remaining balance in this way your expenses are being sold back to you and you may earn few out of it.

[@victorzyang]

I think that Charlie makes more passive income from his business ventures than equity if he maintained a property. For most people buying a house is likely a better deal.

[@tylerharris1163]

Hi man, I’m 30 years old myself. I am thinking about getting my own apartment soon.

[@crypto_que]

Charlie Chang springboarded Karlton Dennis' YT Channel is the internet's million dollar Easter Egg...

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊.

[@jordandavis3959]

Hey Charlie, What are your thoughts on renting a house? Do you think it has the same downfalls as buying a house. Is it even cast effective. The reason I ask is because I totally agree with your video and currently live in an apartment, but I would like a little more room and garage. There are townhomes for rent nearby and was wondering if it is even worth it.

[@jordandavis3959]

P.S. The townhouses are in a 'apartment style" complex, so there are shared amenities and its gated

[@marlanawilliams2469]

Great video!!! A house is a liability not an asset... Keep up the amazing content Charlie 👍🏾💯

[@vchambliss24]

A house can definitely be an asset lol.

[@marlanawilliams2469]

Only if it's generating some form of income if not it's still a liability lol

[@vchambliss24]

@@marlanawilliams2469 it can still be appreciating in value and you will continue to grow your equity. if you’re renting forever you’re sort of just throwing money away and will have to pay rent the rent the rest of your whole life. At least with a house, once you pay it off, you have virtually no rent other than property taxes and insurance. But even then, the price of that does not even compare to what rent prices might be. Rent prices are always rising and you’re just there for the ride. With a house, you don’t need to worry about that. You also would have property that belongs to you and your family for however long you want. That’s a house/property you can pass on to your children, that’s land in your name, that’s wealth. It definitely is an asset depending on how you look at it

[@vchambliss24]

@@marlanawilliams2469 of course there are pro’s and con’s to both but in the long run, it’s smarter to buy a house when you have the opportunity

[@marlanawilliams2469]

@@vchambliss24 I own investment properties and I've been a real estate agent for over 15 years, yes there are pros and cons but the cons definitely outway the pros... Most buy homes with home loans which means they do not own their home the bank does, most pay off their loans over a long period of time but still do not own the land, leaving property to multiple children rarely ends up going smoothly but I do understand your point...

[@misterpogi23]

I definitely prefer apartments all day long

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊

[@Khimera66]

Great review bro.... but how much does that apartment cost?

[@ekanata]

Apartment for work; house for personal/investment. Best of both.

[@HappyCrackers]

Some apartments have garages. Some houses don’t have garages.

[@ajaxfinance3178]

RENT and use the extra money to build an empire (business/investments). Only get a house if you can afford it CASH (from the empire you built) otherwise the house will suck you DRY for nothing. HOUSE POOR IS TERRIBLE. YOU DONT NEED A HOUSE. RENT is amazing for a single dude with no family. WTF you doing signing a 30 year mortgage essentially becoming a SLAVE. RENT AND BUILD AN EMPIRE

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊.

[@grod805]

There is no extra money when you rent. He's paying a premium by staying there

[@me4g862]

@@grod805 the money for hoa fees, taxes, renovating, maintenance, lawn care, natural disasters, etc cause all be invested and a nest egg grown......not to mention the peace of mind of not having to worry about any of that stuff

[@Lik3ToSing]

During covid, lots of ppl prefer to live in single house instead of apartments

[@mrmillmill]

What is the financial advantage of apartment compared to house?

[@CharlieChang]

Usually it will be a lower cost than a mortgage, maintenance, property tax, etc but it really depends on the location. For me it also prevents lifestyle inflation haha

[@mrmillmill]

@@CharlieChang great feedback. What are you doing in regard to reducing taxable income on the apartment?

[@vchambliss24]

@@CharlieChangnot necessarily. a lot of that varies largely on where you live and when you buy. I got a good deal on a home in 2020 and my mortgage is less than what most apartments are currently going for in my area (DC/MD/VA area) AND! The greatest thing about having a home is that once you pay it off, you have NO rent. There’s a certain sense of financial independence you will have when you don’t have to pay rent every month. You may say “ oh but that will be after 30 years of paying.” Not necessarily! That won’t be the case if you pay it off MUCH earlier. You can even rent out a part of your house while you live in it and just have someone pay for your mortgage pretty much. And lastly, once you pay off that mortgage and own a house, that is something that you OWN. You can pass it on to your children or family, and now there is more land/property in your family’s name. That’s a part of building wealth in this country. Of course there are cons to owning a home as well, but in the long run, it is the better option. I just can’t see myself paying rent the rest of my life lol.

[@vchambliss24]

rent prices are also ALWAYS going up. when you have a mortgage, your monthly payment hardly changes.

[@tcg21387]

@@vchambliss24 once you include property taxes home insurance and maintenance you will always have “rent” in some form to pay even after you pay your mortgage off

[@barbarar5869]

What about just buying an apartment?

[@nocontenttt]

the video is very good and it give useful information ❤

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊

[@KogiAlpha]

Is it better financially?

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊.

[@SongySan]

Apartment living is hell. I temporarily moved back into an apartment for 6 months after 10 years of living in houses, and I was absolutely miserable. There are better ways of meeting people than being crammed in like sardines with them. And generally the quality of people you meet in neighborhoods full of single family homes is much higher than those you meet in apartment complexes. None of the advantages you call out in the video ring true to me, and I spent many years living in apartments and in proper homes.

[@freddymartinez5406]

Wow, fuck me. I must be old school, but buying a home is the solid foundation of financial security. To me, these are bullshit reasons, but to each their own.

[@Kayrosetvnetwork]

Living in a house is also very lonely and miserable unless you have a big family

[@FinancialShinanigan]

I rent because I can't afford North Jersey home prices

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊.

[@babyhermanstortoisepipsque1538]

I appreciate your comment. As I stated in my comments Society is just so expect and of men especially after 40 and I'm actually even much older than that to have that big house the big yard the perfect Landscaping everything just has to be so perfect. I think unless I won like 5 million plus dollars in the lottery I would still probably just rent if I had a small Lottery prize because it would take another half a million dollars plus whatever you spend on a home to even begin to retire these days.

[@FahimEdits2]

Okay so Charlie use Clickup as a project management tool. Hmmm I see...

[@aimeelyndeleon1]

Would love to know why you rent the apartment vs actually buy it! ❤

[@mylardochery8541]

I believe he mentioned that he's leasing the apartment for a year because that gives him the flexibility to move out if he end up not liking the area, he's still young and doesn't want to settle for a location yet.

[@skincarejunkie3787]

Wohhh your city is like 10min away from where I live 😳😳😳😳

[@EmpowertothecreatorWang]

house or an apartment I live in a semi-detached house with three bedrooms in a suburb of Manchester. I’ve lived there for just over a year.

[@xu_yo6620]

Not much of these in the UK outside of Central London, but I'll keep looking.

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊.

[@maxitaxiish]

I own my apartment. I wasted so much money on renting over the years because your basically paying off someone else’s mortgage. I live on my own and have a lot of autonomy. Why not tip money into a mortgage and pay off your own piece of real estate that you actually own rather than pay off someone else’s ?

[@gersoncruz4570]

What about a condo? It’s like an apartment but you pay it like a house

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊

[@donnellscott7743]

Condos are better investments

[@itsmeabyt8511]

Its so hard to believe you are a shy person being how comfortable you are on camera haha.

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊.

[@robocop581]

It's better to rent than own? For every satisfied renter there's an even more satisfied person that owns that place

[@zootubia]

Valid reasons

[@Rhira001]

Hey Charlie! I live in the OC area. What apartment complex is that? I was looking to move out Fall of 2023. I'm starting to look at rates and start budgeting.

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊.

[@ekanata]

I’d rather buy a house, rent out the other rooms and live in one. Win win.

[@user-bk8ht2xm5w]

🤝*Tʜᴀɴᴋs Fᴏʀ Wᴀᴛᴄʜɪɴɢ... Sᴇɴᴅ ᴀ Tᴇxᴛ Oɴ WʜᴀᴛsAᴘᴘ Wɪᴛʜ Tʜᴇ Nᴜᴍʙᴇʀ Aʙᴏᴠᴇ📊📊