Buying Vs. Renting: Is The American Dream A Nightmare? (Housing market 2024)

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  • Опубліковано 24 гру 2024

КОМЕНТАРІ • 61

  • @shulyakav
    @shulyakav 24 дні тому +6

    Charlotte, NC: Rent is $2,500, but the same home could be purchased for $500,000, which translates to around $4,200 per month in mortgage payments.
    The likely reason for the difference is that my landlord probably bought the home 20 years ago for $160,000 and has a mortgage with a 3.5% interest rate.
    In the short term, renting makes more financial sense. However, in the long term, buying is the smarter choice-it’s a no-brainer.

    • @jeromejerome940
      @jeromejerome940 19 днів тому

      You are sooooo right ...i keep telling these ppl purchasing a home at 5-6-7% percent is ridiculous!! Just like you said...im renting for $2k a month and saving another $2k monthly...thats 24k a year im saving...times that by 30 years. That mortgage on that 500k home gonna run you 1.5mill 😂 hows that an investment 😂😂.

  • @TexasExotic
    @TexasExotic 25 днів тому +6

    I want to remind viewers that property tax increases will affect your overall home payment. Sure it doesn’t directly affect the mortgage itself but your escrow drawn will increase (if you escrow) which will bump your amount due to a higher amount. Same applies for home insurance.
    Be aware of your individual situation and location. This is not financial advice, only my opinion!

    • @brown_beauty7499
      @brown_beauty7499 25 днів тому +1

      I fully agree! This is the part they don't tell you!

    • @JenniferBeeston
      @JenniferBeeston  25 днів тому +3

      @@brown_beauty7499 I cover insurance and taxes increasing in the video and also remind that a landlord will pass on increases as well

  • @Michael-i3f1z
    @Michael-i3f1z 24 дні тому +2

    At 9:09
    I mostly agree that your mortgage payment won’t change if the value of the property increases, however there is the danger of your taxes increasing.

    • @JenniferBeeston
      @JenniferBeeston  23 дні тому +3

      Your taxes and insurance will increase. Just as if you are renting and the taxes and insurance increase your rent is going to go up.

  • @davidgibson4007
    @davidgibson4007 21 день тому +1

    I prefer to rent first but I always could learn something

  • @davidgibson4007
    @davidgibson4007 21 день тому +1

    Which is exactly why I am educating myself before I finally move out I am doing my research first I am also looking way ahead of time

  • @Gtort82
    @Gtort82 25 днів тому +4

    Just got a job making $140k. Single income, mid 30s. I'm in MA, but willing to live in NH. I'm going to schedule time with you and your team soon :)

  • @brown_beauty7499
    @brown_beauty7499 25 днів тому +6

    Homeownership is not for the weak. You had better have your ducks in a row!

  • @timmy23apsb
    @timmy23apsb 4 дні тому +1

    There is so much great advice in this video. Kudos to you.

  • @russlea6383
    @russlea6383 25 днів тому +4

    I prefer to invest in The Bank of Beeston. 😇

  • @joelhurtado3652
    @joelhurtado3652 25 днів тому +2

    I'm sure this is lifestyle specific, but for me even the math for a VA loan doesn't pencil out. I do live in the center of SF (with rent control) so I know the situation isn't typical but at the same time 1/8 people live in NYC, LA, or Chicago...

    • @JenniferBeeston
      @JenniferBeeston  25 днів тому +2

      I think there’s certain parts of the country where if you have something like rent control and you plan to stay in that area forever it does not make sense to buy as it will never pencil out.

  • @DigiModelsdfz
    @DigiModelsdfz 25 днів тому +2

    great content thanks

  • @wueats9149
    @wueats9149 24 дні тому +1

    I wouldn't trust GC one bit, a lot of sales pitch..When you hear someone talks like that, just be aware bz when you sink, he's not gonna pick you up..

    • @CubsFan2812
      @CubsFan2812 22 дні тому

      He's so full of it. I used to like him 10 years ago for sales motivation and stuff but now he's just all for show

  • @davidgibson4007
    @davidgibson4007 21 день тому

    I believe you should rent first

  • @suzannecaldeiramortgages
    @suzannecaldeiramortgages 22 дні тому +1

    Outstanding video!

  • @PurpleQueen84
    @PurpleQueen84 25 днів тому +3

    Make decent money can’t afford it

  • @davidgibson4007
    @davidgibson4007 21 день тому

    Oh is that right we will see it's a guarantee that I buy my first house 🏠😊

  • @JoeCarl-n6o
    @JoeCarl-n6o 25 днів тому +3

    From $10,000 to $76,000 that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

    • @PrinceLongs
      @PrinceLongs 25 днів тому

      How please?

    • @JoeCarl-n6o
      @JoeCarl-n6o 25 днів тому

      Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in loosing funds......... But Virond Thomas, restored hope shes a good woman

    • @KelvinHart-j4v
      @KelvinHart-j4v 25 днів тому

      Spot-on, I would always rate her signals as one of the best ever used 100% accurate.

    • @ConFrence-r3q
      @ConFrence-r3q 25 днів тому

      Charlotte bate has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

    • @PrinceLongs
      @PrinceLongs 25 днів тому

      Any specific guide. I'm from Florida how do I go about this? I think I'm interested how can I get in touch with mrs Charlotte bate

  • @KM2025K
    @KM2025K 25 днів тому +1

    Just got a job as underwriter what should I accept …?

    • @JenniferBeeston
      @JenniferBeeston  25 днів тому

      @@KM2025K this is super vague. Need more details

    • @KM2025K
      @KM2025K 25 днів тому +1

      @@JenniferBeeston Ok … what are the pro and cons …they say 30 60 days my first deal commission only ..12 cards a day ..?

  • @IamJLFORD
    @IamJLFORD 24 дні тому +2

    Grant is a conman

  • @hangguy209
    @hangguy209 19 днів тому +1

    Of course investors and landlords promote renting 😆

  • @rethinkyourself1
    @rethinkyourself1 24 дні тому

    As soon as you mentioned Greg Cokedone I was gone

    • @JenniferBeeston
      @JenniferBeeston  24 дні тому

      lol I address all his arguments .

    • @rethinkyourself1
      @rethinkyourself1 24 дні тому

      @JenniferBeeston I like your videos indeed, but Cordone is washed out tik tok coke head that most people don't take seriously these days, but whether floats your boat.

  • @KM2025K
    @KM2025K 25 днів тому +1

    1st Thanks