Struggling To Buy A Home? You're Not Alone (Here's Why)
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Top Comments (10)
But seriously, are you selling bath water?
This video is literally the reason baby boomers shouldn’t talk about “back in my days”
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!
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
The average home in my area is 600-700k lol basically impossible to buy off one income
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.
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.
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.
Parents helping their kids out, foreigners and baby boomers moving out of expensive states is artificially increasing the prices of houses.
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.
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Top Comments (10)
But seriously, are you selling bath water?
This video is literally the reason baby boomers shouldn’t talk about “back in my days”
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!
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
The average home in my area is 600-700k lol basically impossible to buy off one income
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.
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.
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.
Parents helping their kids out, foreigners and baby boomers moving out of expensive states is artificially increasing the prices of houses.
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.