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Struggling To Buy A Home? You're Not Alone (Here's Why)

2024-04-15 Education
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Andrei Jikh
Andrei Jikh
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Struggling To Buy A Home? You're Not Alone (Here's Why) ► Get free life insurance quotes from America's top insurers and start saving today with Policygenius: https://policygenius.com/andreijikh Thanks to Policygenius for sponsoring this video! ► Get up to 15 free stocks (on qualified deposits) with Moomoo US: https://j.moomoo.com/00mF1C ► Get 20 Fractional Shares (when you deposit $500): https://www.webull.com/k/AndreiJikh ► Where I Buy My Bitcoin: https://coinbase-consumer.sjv.io/Andrei ► My Podcast: https://www.youtube.com/@dontsweatitpod ► How I went from Zero To A Million: https://www.zerotoamillion.com ► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh ► Open A Roth IRA: https://m1finance.8bxp97.net/c/1980551/696710/10646 ► Follow Me On Instagram: https://www.instagram.com/andreijikh/ ► How I Protect My Bitcoin: https://shop.ledger.com/pages/ledger-nano-x?r=535643c13ab0 My PO Box: Andrei Jikh 4132 S. Rainbow Blvd # 270 Las Vegas, NV 89103 SOURCES: https://www.bankrate.com/real-estate/housing-market-buyer-seller-stats/#statistics https://www.cbsnews.com/news/homes-for-sale-affordable-housing-prices/ https://www.nar.realtor/magazine/real-estate-news/survey-majority-of-millennial-homeowners-express-buyers-remorse https://www.bls.gov/opub/ted/2024/median-weekly-earnings-of-full-time-workers-were-1145-in-the-fourth-quarter-of-2023.htm https://www.freddiemac.com/fmac-resources/research/pdf/202105-Note-Housing_Supply-08.pdf *None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

Top Comments (10)

@WannaFindOutMF 2024-04-15

But seriously, are you selling bath water?

190 13 replies
@jackofalot 2024-04-16

This video is literally the reason baby boomers shouldn’t talk about “back in my days”

63 3 replies
@Iliriani1 2024-04-16

One of the problems with the real estate, is that it's also become a speculative asset, rather than a place to live. People are using their houses as a way to get rich by also utilizing the tax advantages. Plus all these cash out refis are creating the bubble and the neverending debt cycles. Just my two cents!

52 5 replies
@laismag 2024-04-16

S&P 500 gives a higher return on money you have and real estate gives you a return on money that didn't come out of your pocket mostly. I'd say, do both if possible

38
@WhaaaWheatBears48 2024-04-16

The average home in my area is 600-700k lol basically impossible to buy off one income

37
@Masamune66 2024-04-16

My parents bought an average sized house in the mid 70s for $45K. The issue not mentioned in this video is the mortgage rate at that time was 14-15%. They ended up paying $180K for that $45K house.

22 4 replies
@Soriyou3 2024-04-16

Housing price is getting ridiculous. USA housing market will soon resemble what it is in South Korea. It makes no sense to buy a house at this much premium.

19 1 replies
@itz_kyle12 2024-04-16

In addition to income not keeping up with the 3-5 times housing rule, it also hasnt kept up with food, medical care, and other necessities.

10
@BobKatEvan 2024-04-18

Parents helping their kids out, foreigners and baby boomers moving out of expensive states is artificially increasing the prices of houses.

6
@usptact 2024-04-19

Tough times yet even more tough times can be soon here. In my opinion, it is more critical to not be overburdened by debt than to own a home.

2

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