@@cavitycreep yea but I’d rather own then rent because rent keeps going up plus your literally throwing money out the window for instants if you’re paying $2000 a month in rent that’s $24,000 a year that you could have been put towards buying a house my house is about to be paid off in May and I’m very excited to own my property especially in these chaotic times
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in the stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met KATRINA VANRENSUM , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions
Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach KATRINA VANRENSUM ?
If you can go back home and live with family members until you can save money! Wait it out! Dont pay someone else mortgage/make them wealthier, and dont pay for overpriced houses with high interested rates.
it's so subjective. How much someone makes, do they plan to stay in that city, have kids, family, job advancement possibilities, spending habits, credit score, downpayment, fixer upper or new home. Too many factors to be cut and dried.
They’re both a pita! You got landlords/corporations that don’t want to fix things until catastrophic failure. Then as an owner you find out the home inspector didn’t catch all the bandaids on the house, along with insurance deductible after storms.😂
Owning isn't that much of a problem. After a storm my deductible was minimal and rates were the same. My house is paid off, my insurance and tax is $117 a month. I can easily afford a new hot water heater every 15 years on that. Plus the equity in the house can be used as collateral for a cash loan. Owning has benefits.
Your a little late to the party. Sale volume is down at record levels. Home values are down -8% nationally the last 6 months, alone. April's numbers will be abysmal. Case Shiller had to pull out all the stops and release March's report with "Inflation adjusted" numbers, which is questionable at best, and median sales still declined. This will continue for years. This won't bottom out until 2026, 2027. -30% to -40% incoming. Deal with it.
I could put 20% down right now on a decent house and pay about $1500-$1600 a month for 30 years. Or, I can continue to rent where I am a little while longer for $1147 a month and continue to save. Pretty easy answer.
Not in my case when I was a renter about a year ago. Apartments have got sneaky and now they call themselves luxury homes my monthly Apt 1 bed room rent was actually more than current 3 bedroom mortgage payment for a new build home.. smh
Both have their own benifits especially right now rents risk is you waste your money on rent or you buy a home on a downturn in the market risking a 20-50% loss & have to be stuck in that house for years until a recovery.
Yes good luck indeed depending on where you live. I just got approved for a home loan in California. It’s more expensive of course than Texas. Good luck to everyone looking to buy.
People forget you build up equity and equity is like having money in the bank, whereas renting builds you nothing and the rent just keeps going up with no benefits to the renter
Correct, but it's more fair to compare your example of building equity vs a renter that invests the difference in a stock index fund, for instance the S&P 500 fund. It's debatable if that comparison should assume the renter is saving that difference in a 401k or ROTH IRA. Generally, buying is better simply because most people don't have the self control to "save the difference" and a mortgage is a form of forced saving and investing.
@@donaldlee6760 Absolutely true. You make money on a house when you sell it, but also, you make money on a house by the mortgage staying the same or less over time as rent and other expenses rise. You make money owning by not paying higher and higher rent prices. With discipline that savings goes into investments. Equity can be used as collateral for a loan if needed, an added benefit. My house is paid off my tax and insurance is $117 a month. I'm retired and it's such a relief to not have to worry about housing. I can afford the minor repairs that pop up now and then, the past 15 years I've bought a hot water heater, that's it.
You only build equity if you can mitigate the money that is thrown away in interest. If you buy a $300,000 house with only 5% down and the rest borrowed over 30 years and can only make the minimum payment at 6.5% interest, you just threw away all of your equity in the interest payments. You will have paid way over $640,000 for the house in those 30 years and that doesn’t account for repair costs, HOA, and property taxes. It only works if you can pay 1.5X the minimum comfortably or put a huge percentage down upfront.
@@eckankar7756 Exactly the money you invest on a house has so many variables in managing your ability to increase it’s value, build equity and borrow against the equity the benefits in owning your own home out weigh renting a property or apartment any day.
@@jumpman858 thanks but no thanks.i cant sleep good at night thinking I'm screwing people putting salt and pepper on dog crap and try to sell it as rib eye steak.low pay and high real estate doesnt really add up and that's what's happening in California where people end up homeless in 60seconds flat
I live in the San Francisco Bay Area. If rent really is double the monthly mortgage then people like you and your 10 close friends and family would simply band together and buy homes to rent and make money fast and easy.
In California, owning a decent home, about 1600 sq.ft. costs you about 10K per month including property taxes. To rent in the same home, you pay only 3.2K. Now tell me which one is cheaper?
We’re you trying to purchase a home Beverly Hills ? U trippin . It is expensive out there for a 1600 sq ft but it ain’t 10k a month ha 😂unless u wanna live in the hills
@@goneshotboxedinstrumentals5336 LOL. Apparently you don’t know a thing about BayArea. It’s in BayArea sir and if you are wondering it’s a posh area, answer is no. Just an area decent enough to live. Search yourself in Redfin or Zillow to believe.
Taxes and Insurance goes up yearly just like rents. OWNING can cost a lot more.
Especially when you need to make repairs like siding or a roof, a/c replacement etc. etc.
@@cavitycreep yea but I’d rather own then rent because rent keeps going up plus your literally throwing money out the window for instants if you’re paying $2000 a month in rent that’s $24,000 a year that you could have been put towards buying a house my house is about to be paid off in May and I’m very excited to own my property especially in these chaotic times
my house is paid off, my taxes and insurance is $117 a month.
But you’re getting your money back when you sell your house.
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in the stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met KATRINA VANRENSUM , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions
Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach KATRINA VANRENSUM ?
Search her name on the web you will see all you need to know about her.
Thanks for the info , found her website and it really impressive
If you can go back home and live with family members until you can save money! Wait it out! Dont pay someone else mortgage/make them wealthier, and dont pay for overpriced houses with high interested rates.
good idea
My son is doing this after he graduated in 2021. And he got a job after he graduated.
This dude pretty much said nothing.
I know😂😂😂😂😂
Sounded like a lying politician
it's so subjective. How much someone makes, do they plan to stay in that city, have kids, family, job advancement possibilities, spending habits, credit score, downpayment, fixer upper or new home. Too many factors to be cut and dried.
Renting is stupid. Build small be happy!
My rent went up $1500 today. Not even trolling I’m just trying to process it.
Absolutely ridiculous!
@@percolettivercetti3910 I didn’t believe people at first who went through this until it happened to me. It is actually ridiculous!
Yet this jackass said renting is cheaper.
was it $1 before, like wow
@@avanulaneway8418 no it was 2000
They’re both a pita! You got landlords/corporations that don’t want to fix things until catastrophic failure.
Then as an owner you find out the home inspector didn’t catch all the bandaids on the house, along with insurance deductible after storms.😂
So fuckin true
Owning isn't that much of a problem. After a storm my deductible was minimal and rates were the same. My house is paid off, my insurance and tax is $117 a month. I can easily afford a new hot water heater every 15 years on that. Plus the equity in the house can be used as collateral for a cash loan. Owning has benefits.
I’m moving back with my parents
Great that you have people you can move in with. My parents are deceased. Good thing I'm sharing a place.
Hope your parents are agreeing with this.
Your a little late to the party. Sale volume is down at record levels. Home values are down -8% nationally the last 6 months, alone. April's numbers will be abysmal. Case Shiller had to pull out all the stops and release March's report with "Inflation adjusted" numbers, which is questionable at best, and median sales still declined. This will continue for years. This won't bottom out until 2026, 2027. -30% to -40% incoming. Deal with it.
you should always buy.... IDK what the foos are high on. Probably off their parents money
They want to condition us to rent and become slaves
I could put 20% down right now on a decent house and pay about $1500-$1600 a month for 30 years.
Or, I can continue to rent where I am a little while longer for $1147 a month and continue to save.
Pretty easy answer.
Homes are expensive
Interest rates are high.
Rents are high
Auto payments high
Food costs skyrocket
Gas ⛽️
Rents, too expensive.
Inflation is up.
All because of the greedy rich
Thanks to biden .
Not in my case when I was a renter about a year ago. Apartments have got sneaky and now they call themselves luxury homes my monthly Apt 1 bed room rent was actually more than current 3 bedroom mortgage payment for a new build home.. smh
Both have their own benifits especially right now rents risk is you waste your money on rent or you buy a home on a downturn in the market risking a 20-50% loss & have to be stuck in that house for years until a recovery.
the subway tunnels seem like where most of us heading...
Seems to me like rent is more
Yes good luck indeed depending on where you live. I just got approved for a home loan in California. It’s more expensive of course than Texas. Good luck to everyone looking to buy.
You should buy in cities with affordable housing like Georgia, Maryland, Mississippi, and Tennessee. Buy older Homes that go for $150K-250K.
Try 300-500k. Prices are going up
Your payment does NOT stay the same. Property taxes go up and up and up
People forget you build up equity and equity is like having money in the bank, whereas renting builds you nothing and the rent just keeps going up with no benefits to the renter
Correct, but it's more fair to compare your example of building equity vs a renter that invests the difference in a stock index fund, for instance the S&P 500 fund. It's debatable if that comparison should assume the renter is saving that difference in a 401k or ROTH IRA. Generally, buying is better simply because most people don't have the self control to "save the difference" and a mortgage is a form of forced saving and investing.
@@donaldlee6760 Absolutely true. You make money on a house when you sell it, but also, you make money on a house by the mortgage staying the same or less over time as rent and other expenses rise. You make money owning by not paying higher and higher rent prices. With discipline that savings goes into investments. Equity can be used as collateral for a loan if needed, an added benefit. My house is paid off my tax and insurance is $117 a month. I'm retired and it's such a relief to not have to worry about housing. I can afford the minor repairs that pop up now and then, the past 15 years I've bought a hot water heater, that's it.
You only build equity if you can mitigate the money that is thrown away in interest.
If you buy a $300,000 house with only 5% down and the rest borrowed over 30 years and can only make the minimum payment at 6.5% interest, you just threw away all of your equity in the interest payments. You will have paid way over $640,000 for the house in those 30 years and that doesn’t account for repair costs, HOA, and property taxes.
It only works if you can pay 1.5X the minimum comfortably or put a huge percentage down upfront.
@@donaldlee6760 True, it definitely requires a change in mindset and discipline
@@eckankar7756 Exactly the money you invest on a house has so many variables in managing your ability to increase it’s value, build equity and borrow against the equity the benefits in owning your own home out weigh renting a property or apartment any day.
I just paid 18000 for a sewer line for my rental renters dont understand housing is expensive to fix and taxes are high
Where in this economy are people finding rent for 30% percent of their income. Please let me know with these rent hikes
Every state differs.look in to California market where rent costs twice than the monthly mortgage value of the rental.
And California is an appreciation market. Home prices soar there. Good investment if you can do it comfortably.
@@jumpman858 thanks but no thanks.i cant sleep good at night thinking I'm screwing people putting salt and pepper on dog crap and try to sell it as rib eye steak.low pay and high real estate doesnt really add up and that's what's happening in California where people end up homeless in 60seconds flat
I live in the San Francisco Bay Area. If rent really is double the monthly mortgage then people like you and your 10 close friends and family would simply band together and buy homes to rent and make money fast and easy.
Renting 30% < less of pre tax monthly income
Owning 36% < less of pre tax monthly income
Rent should be 3% of income. Ownership should be 36%. For $4000/mo income 3% = $120 and 36%= 1,440. Sir, where can I find a home to rent for $120/mo?
he said 30% of your income for rent.
Or a campervan
I’m with you on that one, and at least you have somethin to show for when you do purchase you can rent it out lol
Well based on these prices we can’t do either.
Right now is the best time to buy a 5th wheel and stack your cash
seems like squatting is the new way no rent or mortgage and they have more rites then the property owners
Discount points are a scam!
In California, owning a decent home, about 1600 sq.ft. costs you about 10K per month including property taxes. To rent in the same home, you pay only 3.2K. Now tell me which one is cheaper?
We’re you trying to purchase a home Beverly Hills ? U trippin . It is expensive out there for a 1600 sq ft but it ain’t 10k a month ha 😂unless u wanna live in the hills
@@goneshotboxedinstrumentals5336 LOL. Apparently you don’t know a thing about BayArea. It’s in BayArea sir and if you are wondering it’s a posh area, answer is no. Just an area decent enough to live. Search yourself in Redfin or Zillow to believe.
Huh? 10k per month? Lol keep trolling with your stupid nonsense, but no one buys it smfh 😂🤣😂🤣😂🤣
It’s at least 7-8K per month.
@@goneshotboxedinstrumentals5336 not in Beverly Hills but most coastal markets.
Looking like George Washington Carver😅
Don’t buy house for the next ten years.