😂😆 Lol

$100K home, USDA, less than 0% down (negative equity loan, 0.35% for the life of loan)

@@aolvaar8792 there is no $100,000 house here California

@@jenti422 Yes, MOVE USDA Rural Home Loan Less than 35K population Less than $119K Family income I did my Landlord gave me $10K to break the 30 year lease (15 years left on rent control) In 2010 houses on my street sold for ~$40K, $10K down, $180/mo

@@aolvaar8792 I'm confuse! We are going to move where?

@@aolvaar8792 That was long time ago. Maybe now it's more expensive.

My bumper sticker says, my other car is a 401k.

@@justinacase2623 that’s awesome lol

exactly. only leeches would care about how much you make and you can attract them by being so shallow to show off things you didn't initially want to buy but did just to show off. I've had friends of all socioeconomic standings growing up when I was little - wealthier than me or less wealthier than me. And I never looked at their socioeconomic standing as a big thing.

@@laur-unstagenameactuallyca1587 they are called gold diggers! How many super models date homeless guys? How about zero. You just woke up now into a red pill world.

It was the American dream to own a home. It make since in the 1950. The government passing ton of laws to make own a home more affordable. The problem is that most people are not financially responsible. That why we have Dave .

lol right! I pay 1500 for a one bedroom in nc lol

Right? In 2000 you’re in the hood still 😂

@@betterthanemril988 exactly

I thought they were making $130,000 each.

After taxes too. Seems crazy high. Probably some bs useless government job.

@@MrJay197409 They both make total of $130k after taxes renting a high end condo/apartment. They could knock off $500-$800 a month with smaller place.

@@mxerb5912 she mentioned he was a consultant

Mr. Carroll Ware Wait, are they both making 130K or 130K combinedv

God bless you, sir!

How much did you pay off per month?

@liveyourbestlife 1 Thank you! I'll be a tad upset if they forgive all loans in the next few months. Refund! lol

You go boy, I mean Sir.

nice

🗣🗣🗣🗣💯

And your not really a cpa🤣

That part👏🏽👏🏽👏🏽!

‘Don’t go broke trying to look rich’

We used to say "Buying things you don't want or need, to impress people you don't know."

You can literally buy a condo 3 times cheaper in Maryland than in DC and about 15 percent cheaper than Virginia. Montgomery County or Prince George County are excellent.

*Democrats

haha I love a good analogy...

I love this!

Except when a house is cheaper then renting in many cases.

@@user-wq5ws1qs7x until the roof leaks, or a hot water tank goes, etc.

@@user-wq5ws1qs7x a mortgage will always be cheaper than rent however once you consider the roof leaking, the water heater, HVAC or any little thing going wrong the scale tips so fast it’s crazy.

A lot depends on if you have outstanding bills and how much you spent. If you have bills past due date and you have to put the meal on the credit card, yes, you wasted money.

I don’t see your logic. Priorities are first, don’t waste your money on luxury such a nice restaurant better learn how to cook buddy

@@pedrogomezrodriguez4121 keep trying, you’ll get it.

I see your point but not the best analogy. Maybe "go to a doctor for a physical" instead of "go to a restaurant for a nice dinner" would have been better.

It’s not a waste per se, but you aren’t building equity. 100% of money paid in rent, you will never see again or be able to use in the future.

Rented for 5 years at my place and was hit with a surprise non-renewal notice by an evil, spiteful landlord who wanted retribution for past complaints and to hike up the rent again. At least with paying a mortgage, you have more stability and security. Renters are at the mercy of landlords and their whims. I've spent $80,000 on rent. And in one month I will be homeless. It is a COLOSSAL waste of money. I have half a mind to return to OTR trucking or saving up for an RV.

It’s a waste of money. I agree 💯. Working or being in a job you’re constantly being pressured by your boss and coworkers. I can just live in a mini van for 1 years and save up to 100,000 a month. W point. The guy responded to has no idea how hard it’s to earn money.

@@TheIdentifiedPatient Have fun wasting money with 7% interest rates, record high home prices, etc. Also have fun replacing that HVAC in the summer and roof in the winter.

​@@TheIdentifiedPatient going back otr and getting a RV shit brother I call that smart living. I know plenty who did that, it's really a smart move.

@@matthewphillips5483 not all properties are single-family homes. If you own a condo or otherwise a unit in a multi unit structure, you’re insulated from surprise fees. They’re rare due to the property management, and when you do get hit with big expenses, they’re spread out across the owners (a special assessment), and if the board is well run, it’s usually no more than a few thousand USD. Do not rent. I own two condos and I’ve lived with my parents until I was 26 (I’m 28). Renting is a waste of money.

Yeah and now where are they

No matter what you choose, somebody will criticize. Do it the smart way for you.

My partner and I try to rent as cheap as possible making $143k combined

@@kennnnnnnnnnnnnnnnnnn1242 the quality of the kingdom is in the character of those who reside, not the cost of rent. good job, guys

Sometimes it’s cheaper to rent than to pay interest on a 30 year mortgage if you can’t put down a large down payment. On a 30 year term at 4% interest you’d be paying 165,000 in interest on $35000 loan. Yikes

I’m 33 and the bank and my family and my friends keep telling me to buy a house and I just say nope. If I can’t buy a house outright I can’t afford it. Plus I’d rather buy a mobile trailer home a good one those cost less the 40k compared to a home that’s up in the 200-300k or more ridiculous.

Love this advice💯💯🥂

@Go Live Leverage is for gamblers because leveraged bets only work for shorter time frames. You have greater odds to lose with leverage.

@Go Live Why comment on my comment and ask me this just to say I don't have a clue?

Quality post this.

I hear people talk about investing all the time. But invest in what ? I cant get a hold on anything. I would be happy to have a grab on 3-7% return

That is true. However, it can be a great investment depending where you live. In some areas it is cheaper to own a home than it is to rent. Sadly tho, there are a lot of people that cannot qualify for a house loan.

I bought my house when I was 25. It was tough living paycheck to paycheck. Rent would have been $300 cheaper. But 20 yrs later my home was paid off. The same place I’d looked at renting is now $2500 a month, it was $700 when I bought. My house is worth 4x what I bought it for.. I just pay $2200 a yr in property taxes. It allowed me to semi-retire at 49, and I put the money I would have paid in mortgage payments to income generating investments. What worked for the area I live in, won’t work for all areas. Real estate is based on location. I bought close to a beach in California. In a new housing community. Now that it’s all built out, the demand to live there is HIGH. But supply there may be 3 houses for sale in a 5 square mile area. There’s no more open land so no where to build.

The thing about buying a house is initially it sucks because the mortgage payment is the same if not more than renting. HOWEVER, as time goes on (generally speaking) rent goes up, and mortgage payments stay the same. That means theoretically if you rent a place for 10 years, you may start out paying $800, but at the end of those 10 years you are likely paying $1200+. Someone who bought a house nearby may start out paying $1000/m, but 10 years later they would still be paying $1000/m. *You can also sell the house*. *You can also live rent-free when the house gets paid off.*

Not to mention more rooms = more things "needed" to by to fill those rooms! Furniture can really add up!

@@annietribble3062 Yes here in Dallas, or anywhere in Texas. It’s so much cheaper to buy than rent. The mortgage of 2000 sq ft is cheaper than some 1 bedrooms here

😂😂 I was just thinking that! Same thing when he says “you got a NICCEE car”

$2k in rent for the DMV is on par for an okay place to live.

@@mattm7115 $2K a month is a low number to me.

@@fredferrell I don't pay that for my 2 family house,and take $900 a month income from the property!...You folks live in the wrong place.

@@tompain2751 In reality, what matters is the % of the income you spend on rent, not the amount. Some places have higher costs of living alongside higher earnings for the same job. For example, in my field stipends in New York for a Physics Phd programs are higher than Floridas, but cost of living in some of New York's school is so high you end up with less money each month. But it depends in the area and the school, you do not know until you do the math comparing potential earnings to expenses.

A lot of housing in America is overpriced for what things are worth. In Seoul, Korea a couple can still find affordable and decent living place for 400-600 a month, making roughly the same as American counterparts in terms of their occupation. That city is also far better in terms of public transportation. American cities need to get it together.

facts. all of nova

That’s what I’m saying. 2,000 is damn near an the price of an efficiency

$2,000 sounds cheap tbh... if you want to live withing 1 hour of commute. Unless if you dont work in the City

Real

He is a great youtuber and podcaster , Anthony O’Neal

A true servant leader!

“Chemistry” ... I would fake chemistry too with someone paying me millions

I just saw your comment on another post. "I'd leave her where she is"

Kemist

Or if it's in a hoa community

Yep

And...home owners' insurance.

@@mattmorris2141 if your house is paid for you wouldn’t get home owners insurance?

It's killing us in California

Exactly !

DING DING DING!!!

Just FYI, it's bad rap. Not trying to nitpick, just trying to be helpful. And yes, agreed, renting makes sense in many situations.

And if you get a mortgage, you’re going into debt. 4% over 30 years on a 300k home = 215k in interest. You’re giving the bank $215k for the privilege of living in a house. You don’t own it, the bank does until you pay it off. I’m dumbfounded by the amount of people who don’t understand this. They only see a lower monthly payment and that’s it. 🤦‍♂️

@@JohnnyD5 Haha I googled the difference and Merriam-Webster stated "Bad wrap is considered wrong and is best saved for referring to wraps and tortillas". You learn something new everyday!

@@YaYousef5 do you know in 30 years , your home would worth a lot more than 300k ? I bet it will be doubled. Also, while renting, you putting away at least 15k a year. 30 year = 450k into dumpster . Furthermore, the rent price is not consistence, 15k a year will go up by ~3-5k every 10 years.

Same, mostly because I don't know where I want to stay yet.

Hope you got someone. Being lonely at 35yrs is very bad

Same. 35, single, 80k/year, zero debt. Renting because there's a high chance I'll move in the next 5 years.

@@andytownsend19projecting?

@@davayun meaning?

Great stuff Ian...thats why I am unashamedly pro- buying, even if it means eating beans and rice in the short term.

Smart, smart, smart! Way to go!

How did you qualify for a mortgage at 19 tho

@@callmeosho7792 idk man. My friend was able to purchase a home at 19 (Rochester, NY 1999.). He put down ~ $2K; I don’t know any other details though.

@@mazibukomail the trick is calculating the TRUE cost of buying vs. owning before making your decision. The cheaper option varies by region.

Yup

Agreed.

Yeah taxes, insurance, and mortgage interest really add up. I know people that only rent because of this and instead invest more.

I don’t agree. If you don’t over extend yourself and actually save for when these problems happen. You can’t sell all those years of renting when you want to move on. I went from a two room in a triplex to a 1300 sqft home for half the price of rent. So for half of what I was paying I get an investment that will contribute to our future. I have friends that bought at a home at 18 years old. Ya it was hard for them but the homes where later used to move farther forward.

People aren’t more open about the true costs because that would highlight that their decision to own was in fact just as expensive as renting. Therefore they would be wrong, and people don’t like being wrong.

usually the older the home then more expenses.

Yep! As a DC resident, they’re making out like bandits paying 2k in Arlington.

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@JonathanLizRoland However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitment

@@JonathanBram Oh please I’d love that. Thanks!

@@JonathanLizRoland Clementina Abate Russo is her name

Lookup with her name on the webpage.

Amen

Exactly. It should be a requirement in schools at a very young age to read “Millionaire next Door.”

Or our poor friend whose husband passed away and she didn't know he had taken out a second mortgage on their home and spent the cash! Now she is elderly and can't retire! But they sure looked good when her husband was alive!

Did you take one to Dave’s Programs?

Yes, but if you have a warranty it’s not $$$$

@@hopalongjohnny9797 are you 5 years old? nothing ever breaks under warranty

Here's how the insurance company makes a profit. Makes it more expensive Warranty = Avg cost of maintinence + OUR EMPLOYEES SALARY + OTHER COSTS + PROFITS FOR SHAREHOLDERS

@@DXmYb Bought a home, FHA required Home warranty. Moved in (REO), made a list of non working items. Water heater, oven, garbage disposal, dishwasher, over range microwave Cost of Move-in warranty, $452

I manage a hardware store. You wouldn't believe how many times I hear, " I don't need to fix it correctly, just good enough to sell." It's always with roofing, concrete work, and plumbing 😂

The US is the only country in the developed world that has people going bankrupt because of medical bills.

@9INE PLANETS I assume from your saying 'was', this is no longer the case. Best not to compare your situation with theirs. ;)

He says just before launchiing into an emotion-fueled rant.

You are correct

@Matt he didn't say to live without emotion. He stated it wasn't reality.

It’s his way of not having empathy.

No AOC. She wears 20k clothes so she can pay for it.

Googled Elizabeth Warren and found she is a senator from Oklahoma, Is that whom they're referring to actually ?

@@virtuosowins OK and MASS

Yup, property tax. It's more like "licenced permission to claim something". And if you dont pay the tax, the government has the authority to take the home you "own", whereas if you dont pay the rent the landlord will have you evicted. I know what taxes are for and all, but why tax somebody to own something? It's like it's just a subscription. Sad truth is you own nothing when you live under capitalism. Renting makes sence as it's not your house technically because it's on your landlord's property. So your paying to Barrow the place you live. Simple and understanding enough.

Where do you, think the up keep money comes from ????

Yeah totally agreed, Dave says Arlington is expensive but don't think he really understands...$2000 a month for 2 gets you an ok townhouse in the area lol...he had great advice though...pay those loans and buy the house when you're ready

They’re married so it’s only one not 2. If you’re single and have a roommate it’s not bad at all.

@@FloppedPizzaParty townhouse ? Lol more like a 1BR apartment in one of the older buildings in the city .

@@tomsa2796 to be fair 2 separate incomes but agreed, roommates help a lot!!

@@bangladeshirealtor if it's modest, a townhouse is definitely doable for 2k, though I agree with your sentiment... Arlington is just incredibly expensive. MD will always be superior imo for working in DC area with the best living conditions that doesn't kill the bank

FINALLY! Someone agrees with me.

Manny your points are all valid.. but Owning a home is an asset / investment because you can be in an equity position and sell your home for a profit. Your points are valid because you listed liabilities against a mortgage. Bottom line- don’t buy a house until it’s the right time 😀

A house is definitely an asset

It’s absolutely an asset. The appreciation typically exceeds the maintenance costs - by a long shot. And when you get a 15 year mortgage, the home pays off in 15 years or less and your monthly payment goes away which means increased cash flow and increased ability to build wealth because a huge chunk of money is freed up every month to invest. When you rent, the monthly payment never goes away and it increases every year. Chris Hogan’s book Everyday Millionaire shows the the biggest commonality among millionaires with a net worth of $1-5 million is wealth built in their 401k/mutual funds, and a paid off home.

A house is still an asset

Who would want to be house poor in these times. Paying down debt is much better option.

I’m trying to be like you

This is a unique but interesting point 👍

I never owned a home and am in my late 30s. I'm almost ready for the home chapter in my life but I'm able to do so debt free and you are right. It is a different feeling feeling ready vs not feeling ready.

Idiotic

Very happy you got a great break in life. Unfortunately I half agree with you and with Dave. If you are in the position that your home will be an excessive amount over your rent. You should keep your head down and save a little longer. If you have the funds to actually buy a home and think you should spend that on student loans first, you're wrong. Spend that on buying a place that will give you a roof over your head. Worse case scenario in life you end up with just that one home, BUT it's your home.

This is really bad logic. It's like saying extended warranties are a good deal because you were one of the few people who broke down. Bad decisions do not become good decisions just because sometimes things work out.

Dave's advice left out what he usually says which is don't buy a house until you've paid off debt (school and credit cards and cars) and have your 3-6 month emergency fund in the bank. THEN you can buy house within your budget. So Tim, I assume you were in good financial position with good income to buy that house at 23?

@@LordScrambles couldn’t have said it any better

Wow 😳 I’m moving to Oklahoma. I pay $1600 for a 2 bed/1 bath in Connecticut.

$550 for 2 bedrooms? What? Do you live in the boonies? I paid that in college sharing a 3 bedroom apartment.

$550? Wow. I thought thought I was doing well at $745 for my 2/1. What is your annual income if you don’t mind me asking?

@@adfmo2195 I make about $32k before taxes

@@TMartins379 I live in a residential area!

Will you clarify your comment? Maybe one month of your rent is equal to one year of your landlord’s property taxes.

@@greenmean230 you are probably right but for anyone buying house after 2018 my rent is cheaper than their property tax. BTW my landlord got the house in 1970s. This is the stupidity of American capitalism which is capitalize the gain and socialize the loss.

I can see that. Property tax is $10000+ in $1M+ homes here in Bay Area. So if your rent is less than $1K, it's cheaper.

​@@kiraasuka9943go live in a more communist country than America then. You can move now since you rent!

Please tell me she made up that name. Who names their kid after the drink mommy had when you got conceived.

TSLA calls, YOLO

I moved in 2013 but I think rent for the 2 bedroom I lived in in Alexandria was $2,800.

@@arondag yep. That place is probably $3200-3500 today, or more.

Aron Rodriguez I paid $2100-2200 for a 2 bedroom in Alexandria

That is insane. Not worth it unless you're making 100k or more for $3k rent (if thats by yourself)

Levi Yea, the apartment actually followed the standard, “You need to make 3X the rent to qualify”. I was in high school at the time. My parents rented it. My dad was deployed so it was just my mom and I for a year and I was a senior so we stayed so I could graduate w/o messing up my credits and risk having to repeat senior year. But that’s why people “put up” with it. I’m sure my neighbors all had good gov’t or gov’t contractor jobs.

Nahh you get more Value back even if it 25% Per Year you earn more. Having a Home is like a easy Second Job.

Yeah in Arlington VA that's not into "nice place" zone.

@@PaulSullivan828 Exactly what I was thinking. So confused right now.

It's like that literally everywhere with rent now, not even just "nicer" areas. I've looked at apartments in several different cities, and a 1/1 is always $1200 minimum, nicer apartments are up to 15

@@brendanpeck9780 We own a rental in a small college town, and charge $875 for a 2 bed/2 bath updated home. It's all about location. Most places are not like CA or VA.

Haha right?! Yeah in LA a 1 bedroom on the low end is $2500

Tried that with mine it didn't work very hard headed

That's the wise thing to do.

That's cool. Cheaper apartment for me is in the ghetto. Not happening.

Why 20% and not 0% or less( negative equity loan)

@@aolvaar8792 buying house with a 0% down payment is a bad idea. you want to pay *as much* as you can up front to avoid paying interest down the line.

I doubt they are paying 2000 for a studio or 1 bedroom. They are barley married don’t have kids so don’t need extra room!

$2000 a month sounds pretty cheap in Arlington

@@bigpap90 2500/ month for a 2br apartment is pretty standard in that area.

so true

I wish you and your famy the best Diane. Sorry to hear about your situation.

n-mom alert

found plenty of appartments between 600 and 900 sqft for under $1500. if youre in your early 20s you dont need to live like you made it already.

@@La_sagne where were those apartments? In Seattle (the only place my family can make a decent living) the cheapest rent is $1500 not including utilities or electric.

2000 for rent is insane to me, regardless where you live

For real. That’s what I was thinking, $2,000 doesn’t even get you a one bedroom in Seattle.

@R W apartments com.. type it in and youll see

Give me that kind of income and I'll show you how to make it.

2K for two people? Almost sounds like free rent

I bet they’ll probably have a kid before their student loans are close to paid off since they just can’t wait to start a family. Then they’ll justify buying a home because their apartment didn’t have enough space. Then for the second child, they’ll probably justify a loan for constructing an extension to make room for the second baby.

When having a child, Dave recommends going in stork mode and piling up cash while paying minimum on debts, so if they are following Dave's advice, they'll have money for the child before child is born. Having a child while paying off debt isn't impossible with proper planning. You can go back to gazelle intensity on your loans after baby is born and you know what your monthly expense is with child included.

Truth! 15 years ago I tried to talk my sister into moving to Arizona. She was a teacher in SoCal and her husband a business manager. That business was opening in our town and they needed a manager. He could have gotten that job. She told me that the salary fur teachers was half of what it was where she lived. Great except yip are skipping that a nice house here (this was 15 yrs ago) was 200 k and a nice place there was over a M. Then there’s taxes which are higher in California. Fast forward to today and she is still renting. She won’t consider buying a town home even though they were down to 400k when the market collapsed. It has to be a house. She has set herself up to be miserable forever. Meanwhile rent has gone from 2k to 3.5k a month where she lives and she realizes at some point she won’t be able to even rent. Watching people make mistakes is so painful

Thats what i think. I personally think if you can save up enough for your 20% down to cover PMI, and you are still able to afford the payment without issues, then you are building equity instead of renting and throwing the money away. However i do think renting to get an emergency fund saved up and your 20% down is a good idea.

Or more.

True..if this is the case ..then renting is better option..when things break down..its fixed by property management like pipe bursting or sewage problems ..its fixed by landlord..if we buy its out of our pockets

@@blissessentials524 Try not to break things. Then owning is better

@@blissessentials524 that's if you have a decent landlord that gets around to fixing things. I've seen too many that neglect their rental properties, renters having to beg their landlords to get things fixed.

Almost nothing in existence grows equity faster than a home in the 100+ years we've tracked it, for most families a home is the ONLY way they improve their quality of life in a shorter amount of time than decades

@@jtowensbyiii6018 Literally lots of investments grow faster than a home. Just buy an SP500 index and you'll make about 8% every year (on average). Most homes don't make even half of that.

I can feel your pains. New guys need to realize the risks that come with all of this. You could lose it all and you could win it all. It goes both ways. Second, what works for A may not necessarily work for B and you should not be a bandwagon investor. A good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.

@@sherryie2 Factos!! Since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.

@@user-3456rtu That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the Adviser you're using.

@@MiikeFaber My advisor is the quite famous NICOLE DESIREE SIMON She has been making a fortune online worth millions of dollars in digital assets for a select few for years. Lately, these types of services have appeared that allow you to copy the results of the experts. She demonstrates how to copy it automatically using that system.

@@user-3456rtu Thanks for the info, i found her website and sent a message hopefully she replies soon.

Can you give me some advice I'm 25 years old and I just bought my first home I would like to buy some rental properties as well

Cheff Jeff best advice is just do it. I have 2 rentals and bought them at 22 and 23, don’t get into unless you are handy. And don’t buy dumps. But if you have the money saved to buy one I say dive in. You may find you don’t enjoy being a landlord, talk to a realtor in your area. Buy something fairly move in ready

@@cheffjeff5908 do real estate wholesaling to build capital so then you can invest and pay down rentals while having renters pay as well, so you’ll double down on the payment and start your passive income stream faster

Out of curiosity, are they all debt free? (Your properties)

@@tinawelch2545 My primary has a mortgage. All my rentals are debt free.

Yeah, I live in DC and it doesn’t sound like Dave has been here in a decade or two. Many people would sell their right arm to pay 2k in Arlington.

I was confused as well. I think Dave had some sort of mental blunder here. They are spending less than 20% of their take home pay on rent. That is immensely low. Rent is not their problem.

Totally agree w you!!! Peace of mind is more impt. than "owning" a property. As well as feeling safe and having the support of a landlord. Different people, different circumstances, different lifestyles, different needs. This is the advise I needed 16 years ago when i bought a big home just for myself 😥 Lesson learned. I'll also considerate if i would like to live there long term... Being a home owner is not for all.

@@bluesky2026 yes!!! Often I’ve found everyone pushes single people (to marry 😃) and to buy a home so much, they forget sometimes buying isn’t the best choice financially or for their lifestyle. Additionally, I don’t need much space. A two bedroom resells between but I don’t need it.

Is rent really that high?

@@juliettezea9507 yes! But not all areas of cali!

@@juliettezea9507 it is

anything over 2,000 for rent is insane to me unless its a 2 bedroom

@@juliettezea9507 it's almost impossible to find a 1 bedroom for under 1200 in all of cali in an area you can actually work a job, and in the major cities a 1 bedroom is 1800 average

So if you don’t rent where do you live rent free? With parents?

I’m a plumber, I can do it for cheaper!

Ya thats what scares me when i own a home..just so many expenses compared to renting.

Old water heater and undisclosed water damage to flooring under the fridge the seller generously left for us. 2000 to fix both. Also home inspector also did the pest control for the house a month before we closed. What a coincidence

Should have hired a home inspector. You could have negotiated the price you paid for the house

Exactly. In the same boat.

You want to Buy and give to People In the Long Run or for Yourself you can be pretty cheap when you have no debt rather than Rent what is an anmount you need to pay forever you are there.

I Rather Buy or Buy Stocks than Let the Money get used up by Rent or Expensive Holidays. Now is the Time to keep the Money going in your Control like 10 Years and later spend some.. The move you Save // Invest the Better you have it Long term.

That's funny! I got free healthcare from the other President too!

Its a great idea. They even floated 50k in student debt.

Biden isn’t president yet. Maybe they’ll address it once things are finalized.

@@missduke8391 sure they will. Right after they buy back assault weapons.

@@IJoeAceJRI printed money!

Yeah its just the scratchiness of the phone

Yeah when she said 23 I was like 😐.

20 year olds are worried about how they’re going to afford to live.

Because we are stressed out of our minds. Cost of living skyrocketing + stagnant wages and inflation. Its tough out here.

Because we already lost our souls

Lol.....typical American people. Schools don’t teach the importance of finance. I love hearing people at my work say, “I’ll pass on the chipotle order because I’m saving money” but they have a brand new Mercedes lease in the parking deck. Hahaha 🤣

Interesting anecdote, articulated well, but sad to hear.

What is a DMV area? This story is too funny? Is it really true?

@@AltaicPride01 DMV: DC Maryland Virginia

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

@@user-vk8vu4li2x Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know

@@MaryPatricia-wr3wj Who’s the person guiding you

@@user-vk8vu4li2x credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up

@@MaryPatricia-wr3wj Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.

I own over rental houses and agree 100%. The best thing these guys could do is get a usda loan 0% down and buy a duplex. Then live in one side and rent the other.

Exactly. If the landlord doesn’t own the property out right, then it means the renter is paying the mortgage, property taxes, insurance, etc. landlords aren’t going to rent out a place at a rate that can’t cover the basic expenses of the property plus leave them a profit. A benevolent landlord who owns the property outright can charge less but let’s be real... when an area’s average rent is a certain level, not many people would want to rent for half or a third of that, even if they could do so while still turning a profit. Everyone wants to get the most money they can get out of their investment properties.

And you get More from the Bank like 2 Or more times when you give your home for Credit thus you can buy another Home and sell it off or Rent it out.

when the ac or water heater goes out you still have a roof over your head, if your rent goes sky high and can't pay you are evicted and are now homeless. Rather live a house with no AC or hot water than on the street.

It's a gamble. No one knows how the market will turn. In this case, they gambled and lost

Youre absolutely 💯. Prices have literally quadrupled in some areas for houses but not the salaries. At least in the medical profession (im an RN) It was great for people who invested back then but for the younger generations it really sucks. Something has got to give, just don't know when.

The prices might be high but if you think you're spending too much on rent, a house for the same amount will always end up being more because people go crazy buying furniture and decorating etc etc and then they don't take into account utilities, taxes, insurances, closing costs and inspections or if anything has to be fixed. Our neighbors sewerline had to be replaced and it was $10,000. Things like that must be fixed with a house and you don't get a choice. It isn't a fixed payment every month like with rent.

Not the same

Don't buy food eat bugs, Don't own anything and be happy.

Lol

Food and gas are consumables so that is different. When you buy the furniture, you own the furniture. When you pay rent you don't own the house.

God bless you don't look back you will be okay

lol please stop with the emojis XD

Learn maintenance.

Yep. 36 today I'm fortunate enough to split a 1600sqft townhome I don't own and my share between 3 individuals is $400 a month (we moved in 2014). Downside yeah I pay my friends mortgage not the other way around, but I know if I was getting my own place it could be 4x as much before savings for repairs. It's my goal, but my goal doesn't have to happen overnight.

Renting is not a good idea, unless you're not paying for it. You never have any equity, you can never stop paying rent (unlike paying off a mortgage), and you're paying someone else's taxes plus their profit. You wind up paying so much rent you can often get a nice house for LESS. Unless you keep moving around for jobs, or the now short-term rent scenario to straight out your finances, long-term best is to buy.

So true. I need a new heating furnace. Been in my place for 10 years and this is about that time things start to fall apart. Luckily the guy who does my Air and heating does my unit as part of his side hustle (his other job is working for an HVAC company). The good thing about our relationship is I’ll pay him the $2400 in 2-3 installments and he can replace it when he gets a chance. I don’t touch my savings. It’s working now but it’s time to move on.

Not totally true. A lot of things you only learn by doing them. Renting is a waste of money.