Mortgage rates are over 7%. Is is better to buy or rent a home?
HTML-код
- Опубликовано: 26 апр 2024
- Mortgage rates are lingering above the 7% mark for the second consecutive week, sparking reluctance amid prospective homebuyers to venture into the housing market. Against a backdrop of elevated borrowing costs, Yahoo Finance's Dani Romero joins Wealth! to dissect the financial implications of renting versus buying under the prevailing high-rate environment.
#youtube #news #realestate
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance
They raise interest rates, but then continue their obscene overspending and money printing. Such a mess
They stopped printing money when they started hiking interest rates. That's the literal meaning of quantitative tightening.
yes, my point being why go through this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. On a personal note I've worked closely with my advisor to grow my portfolio from $200k to $4.8 million through stock trading because as a business woman, I prefer to invest my money rather than let it sit idle and lose value over time due to inflation.
Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest. Letting money sit idle isn’t my style as well, I’d rather put it to work and keep it growing.
She is well known as - Chasity George Charles. please do your own research.
I am on the look out for experts and after doing my research online will say she meets my requirements, Thank you for sharing with us. I already sent her a mail hoping she can make out time in her busy schedule to assist me.
Owning is always better than depending on a property owner to let you rent their place at an affordable price
Agreed. If you have a fixed rate loan, you won't have to deal with constant rent increases.
Easy question you pose. It's certainly less expensive to rent than to buy these days. Whether it's "better" depends on an individual's personal situation (income and assets) and desires.
Rent will always increase!
the video says the opposite!
That is factually incorrect.
@josemacenteno this video is wrong
This is ridiculous
Or sleep in your car
Depends where rates go from here. If they go up then you should have bought. If they go down then you should have rented. Who knows.
An apartment is not a house. That’s not a fair comparison. Whether you rent an address or purchase it outright, you are still paying all those expenses. However, if you rent, you are also probably paying a profit margin as well.
You can buy an apartment, and your mortgage rate is still the same 7+%
@@atenrok date the rate and marry the address. A mortgage does have fixed terms, and the property values will inevitably go up. When rates are more favorable, and the property value is higher, you can refinance and get out of PMI insurance plus have a lower rate.
@@headfirst6227 When?
@@atenrok it’s the long game. In the near term it means sacrifice and in 5 to 15 years the housing market will be completely different.
@@headfirst6227 Thanks. 15 years bet on your rate and mortgage getting better sounds pretty insane to me.
Are you in real estate, if you don't mind me asking?
They don't teach in school that the cost of a mortgage and paying rent on the same property over 30 years is almost identical. While the mortgage is cheaper as a home owner, the yearly tax assessment and maintenance spread out on a monthly basis will even out to the average monthly rent (even with increases every few years) over 30 years. Lets also talk about the equity from being a home owner will be offset by the full amount paid at the end of the mortgage. That $250k mortgage after making the payments over 30 years would be around $800k and the house may be worth $900k. While it is better to own a home on paper. Realize that you are not technically a home owner until the final mortgage payment is processed. Look at it as a 15/30 lease.
If you stay in one city, definitely worth to buy.
Yea homeowners are fools and me too. But I enjoy being a fool
Your leaving out The increase in property value and at the end having a physical asset. After you rent for 30 years you have absolutely nothing to show for it, no nest egg, nothing to leave your kids/family, you just threw your money into a void.
@@bdegrdsAbout 60% of 'home owners' are still paying their mortgage. The majority of people do not technically own their homes. If you know how to invest in the stock market. You can keep renting and then use the money that would have been used on maintenance/tax assessment as a home owner to build wealth. Let the wealth accumulate over time and pass it own to your family.
@@targetegratyour overly optimistic at yours and other people's ability to accumulate wealth in the stock market. Renting is still nothing more than throwing money away, it goes toward nothing. Not owning 100% of your home does not mean you do not have an appreciating asset. Average homes increase nearly 100k per year in Toronto and most large cities in Canada, you will not make anything resembling that in stocks. Nothing stops you from having a home and investments, it's called diversification.
If Necessary go for Buyout or may go for Renting. Better Buy Homes and stay for Rents.
Well if you would think you're going to have a permanent job for the next 30 years to enable you to keep paying for the mortgage then yes but bear in mind the mortgage rate isn't stable as well as your job security.
Have best of both.....rent a house!!!! 😮 I'll rent you mine for $4K.....
So what's the answer?
And where is the news? 🤷🏻♂️
It is the better time to rent, but it will flip again, it always does.
Its better to be Homeless! That way you're not paying Property Taxes or Homeowners Insurance...and Renting costs are worse than home ownership!
No adult wants to realistically be in a apartment
so they don't want americans to own rent on aparment is cheaper . rent a ev is way cheaper than own
In true capitalism house prides would have never been this high. Capitalism have slowly declined in the US. After 2008 capitalism stopped existing in the US. China has more capitalism than US.
If anyone is tire A cities move to tire B or tire C .
You actually don't own your home right? Capitalism baby
exactly. you are a glorified renter and if you cannot pay the property taxes they can still seize the home.
Stupid question 😂
I glad to have an adviser who is excellent in what he's doing , you changed my entire life and I will continue to preach and song your praises on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Andras Bohm!!!!
Hello, I need some advice. I work 2 jobs to support my family, and I am selling many personal possessions to try to get to a single Bitcoin. I am battling debt, how do you make such in few days? Is there any way to make money from cryptocurrency trading?.
I've been talking to Andras Bohm consultant, for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring..
I was owing a loan of $192,000 to my bank ,
no longer in debt after I invested $25,000 and got my payout several times for the past two months.
God bless Andras Bohm....
I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best.. Can you explain further how you invest and earn?....
Run a quick online research with his name...
Better to be an illegal immigrant because California is giving them automatic approval of homeloans and NY is giving them free homes as squatters.
Obviously you have never been an immigrant and know nothing about it
Buy a mobile home. Problem solved.