Why Can't This Youtuber Buy a House?
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- Опубліковано 16 вер 2024
- 1 like = 1 prayer for @TierZoo
Twitch | / atrioc
Twitter | / atrioc
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VOD Channel | / @atriocvods
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Edited by | ædish
Outro music | @CMT8
#atrioc #clips #twitch
Thanks for the predictions atrioc, i will make live altering financial decisions with this information
Effortlessly cool.
Frictionless.
CodyKo x Atrioc fans rise up~
Is this funny? Do real people actually find this funny? How?
@@diggitydingdong am I missing out on this last reference or are do you actually think we’re jumping out of our chairs and slapping our knees laughing about these inside jokes?
@@DogeLlama I'm not talking to you, but is any part of the OP funny to you at all?
@diggitydingdong yes
It's an inside joke tho you had to be there
Somethin Big A didn't mention when talking about realtors is that to be honest what they do is really little. They take an enormous cut (Maybe like 6% of the price of the house) and all they do is give you a house tour and tell you what forms to fill out. People figured out that they don't need to pay someone tens of thousands of dollars for such a simple task. Especially nowdays you can get a full virtual tour on sites like zillow and figuring out what forms to fill out is pretty easy. I suspect more and more home buyers to avoid using realtors altogether. At the end of the day, why would I pay someone $50,000 when I can just easily do it myself?
Idk where you from but where I’m from the buyer doesn’t pay the realtor, the seller does. The selling realtor tho does quite a bit more which you can still do yourself but wouldn’t want to if you don’t have time
think the main reason people use realators is cause they dont want to spend hours researching houses, the area around, crime reports, other things like that so the go to the people who can give them all that info a lot quicker than them doing it themselves.. AKA they take advantage of peoples laziness lol
@@4purs Exactly, what's being missed is that the realtor is essentially a marketing budget for your house. They do the middle man paper work and stuff but the core service is they're the salesperson delivering the pitch directly or indirectly. Even those virtual tours are often done by a real estate agent using camera tricks to make areas look bigger and in general frame the tour more favourably to the house.
Now, don't get me wrong, I loathe realtors with a passion from personal experiences and because of the shady practices in getting people to commit to houses that are worse than they're letting on. But a skilled realtor provides a lot to the seller in getting a better sale. Though there's also plenty of realtors who don't have those skills and do operate just to leech off the sale from rich people who don't care enough to get a better realtor.
@@captainclutch8463 not to mention the hours of research needed to understand the local and state laws that come into play when buying/selling a property. and things like closing costs, title companies, closing insurance, etc
@@jorgesalas532 true didnt eventhink about the local laws and insurance all that other government bullshit to get our money
Just bought a house at 23 years old (I’ve been working multiple jobs since I was 12 and had scholarships for college, which put me in a spot where I was lucky enough to do this). If you are buying a home right now I would check into city programs that help out home buyers. Here in Charlotte, I was able to get a 1st time home buyer credit that took half a point off my interest rate. Doesn’t sound like a ton but it adds up a lot over time
Damn I thought this was a meme post after the first couple lines but I got to the end and realized you are serious. Congrats man.
Bought my home in 2021 at $110,000 with 10% down w/ a 3.25% interest rate....thank god im almost done paying it off
Why would you pay it off? That interest is so low investing the extra would have made you more money in the long run.
@@ZardifI'm assuming it's because they're worried about an upcoming recession and having debt during that isn't good
yeah I bought a house at $160k in 2021 for sub 3% mortgage and I am so so glad we made the choice when we did. Our house is worth $220k on Zillow but I would rather die than sell right now with current 7% or 8% mortgages
@Zardif personally I'd rather have no payment/no debt then making more money
I paid off my invisalign faster then necessary even if it was 0% just so I didn't have a 300$/month to worry about
I know that mathematically it's wrong but it's less stress
Wife and I actually started to look at buying houses but yeah as he was saying right now sucks for it. So even though we didnt want to we just signed another year lease for renting. Hopeful that in a year somwthing happens and make it all affordable again.
Stack that bread in the meantime
Here in TX, in the span of 2-3 years I saw houses double and almost triple in some areas. It was like entering the twilight zone. Many of us were like, ”that ain’t worth that!”. With higher interest rates, mandates to go back to the office, and cooling market, I’m hoping to see these crazy numbers get corrected.
We plan to buy in about 3 years, so I'm hoping something gives 😬😬😬
100% within the next 5 years. I'd probably guess like 2025 but I don't live or work in the US so it's not my market. If it's still high when you're looking to buy though unless the landscape somehow looks wildly different I'd 100% be waiting on the collapse to buy honestly. Current prices are dumb and in a few years they'll also be an insane financial mis-step given the collapse will annihilate anyone's worth if they purchased during this peak.
I'm a non-american finance broker and you'll be fine, housing affordability is tough at the moment but it's only woeful if you're a casual worker. If you have a partner and you both work permanent roles you'll be able to buy in a 2nd tier suburb of your city almost anywhere in the developed west (admittedly a huge range) with rates and wages where they are.
Sweden is seeing a similar pattern atm. Currently I'm on a 1.35% interest rate locked until march 2024 when it will become about 5.5% if nothing changes. Will struggle to afford to live if I don't get a better job until then
The year is 2021. Interest rates are low as 1.7%. People see this and book their prices. Sellers notice low interest and increase their house prices.
The year is 2023. Interest rates go through the roof. But prices don't drop. Instead, they go up.
Its bizarrow world right now
Really does feel like housing needs to be like… de-commodified or something
Do you not want the possibility of having the best/biggest house you can/could one day afford in the area you want to live in? Because the only way to practically "de-commodicize" housing is for everyone to be assigned a standard, government issue house.
All houses would be based off a basic template all of relatively the same style and size would be determined by the number of occupants. There's simply not enough money or real estate to provide everyone with their dream home in their dream city so the government tells you where you have to live and assigns you your basic box house.
@@gdawgs101or, partially decommodify, through means of welfare payments or actually affordable and liveable public housing (search vienna public housing), to reduce the number of buyers in the market, reducing demand and price
@@gdawgs101this is kinda just a bit of a sham that american mainstream media forcefeed you, realistically everyone should have an actual roof above their head before there are prospects for mansions
@@gdawgs101 the american dream is real brother *_huffs copium_* we'll get there someday
@@gdawgs101I hope the government assigns you a bad house far from anyone else
TierZoo lives in my city…. already knew I could never buy a house, but now I know I DEFINITELY won’t lmao
Just bought a house and my mortgage more than doubled. RIP
Man I was an MLO for one of the largest and most recognizable lenders in America and I pursued a career in software development mere months before the market flipped on it's head and they started seeing layoffs. Not that this industry is exactly thriving atm, but it does seem like my timing couldn't have been any luckier.
I bought some storage units with my bro back in 2021 and it's better than any rental properties we could of got
There are various private equity firms still buy single family homes and apartment buildings near the manhattan area. Can't speak for anywhere else.
The same is true in every major city in any rich western country.
Yes but big A was saying that Blackrock is starting to sell, which contradicts what I have seen. Hence, we can deduce that the divestiture is limited to specific geographies.@@user-uv2cp1qd1j
Wasn't this yesterday aedish is fast on the edits
im 17 and I am probably never gonna be able to buy a house, just gonna get a van and travel the country.
Oh my god lmao
lol van life lmao
I'm in San Antonio TX, top five for the air BnBust and love to see it
Huge plays big A
I bought 3-4 months ago and did compete against an all cash offer
So, asking for a friend of course… but how exactly does a 10 lb lightbulb kill a man? Unless youre conveniently installing the 200 lb megastructure right above the walkway, i dont really see it being anything more that annoying
You should ask Hitman developers
how does a 10 pound dumbell kill a man how does a 10 pound brick kill a man
It’s blackstone not BlackRock that plays actively in the real estate market
Of course like 3 of my friends bought homes this year... that'll be fun maybe
realtors main use-case is finding listings and connections -- but now it's all digitized and accessible, realtors do little to nothing if you're already an informed home buyer and know the process
1:56 That's the literal definition of controlling manipulation the price
My parents wanna move for retirement, house is paid off completely, they still can’t move cuz everywhere is so expensive and they don’t wanna be paying a mortgage for the rest of their lives 💀
I have a family member currently studying to be a realtor and is sticking to it, hopefully the market recovers somehow cause he won't listen to advice.
another fire clip big a
crungle
Realtors massaging numbers, who would have thought.
The centralized control of interest rates is the root of most of the problems in the markets.
Yeah you know its bad when only 10 cities have a less that 15 price to rent ratio
me living in another country: Oh great, so there’s a chance US real estate goes down, what a great news.
Has there been any movement on the two pieces of legislation against hedge funds owning single family properties?
Big A Dunkin’ on Blackrock. My employer basically. Lol
Somlian pirste-iam seller
I make 6 figures (thank you Boeing) but being only 25 and in the state of Washington I’m FUCKED trying to buy a house anywhere near my work. Even apartments or condos are too pricey. I hate it hurr dawg
its gonna be 2008 all over again,huh
No, it's a very different situation. The housing crash of 08 was largely based on the collapse of mortgages due to people accepting adjustable rates and not being able to keep up. This is what is going on on the UK right now. In the US we are waiting on a correction, and that correction could be upwards of 10%, but I would not expect a crash like 08.
Fine by me. I'm a broke college student, so I don't really have any assets to lose anyway. A little deflation doesn't sound too bad to me 🤷♂️
@@gdawgs101 deflation means unemployment :)
@@gdawgs101broke college student giving definitive takes on housing and homelessness 😢
@@Poskiix Weirdo stalking my profile. Maybe if you spent less time obsessing over strangers opinions on the Internet, you'd be able to afford your dream home. Hope that helped!
One big thing is that the down payments are dropping, before you needed 20%. Now people are happy with 0-10%
SHORT THE MARKET POGGIES
Can you just loan whatever amount of money you want in the US? In my country they are very strict on how much you can loan in relation to your income
Commercial real estate is typically the biggest tax base for cities so the die-off of commercial real estate value hurts.
Tier zoo is awesome
Your view on commercial real estate is not the whole picture. If you want to talk I’m in the industry.
Have you commented Michael burrys massive put option against the market
afaik blackstone was the one who got the largest realestate portfolio right?
Im studying to be a realtor ;(
I hope the market collapses soon so that people buy and sell houses again for you :)
Become a commercial estate agent
Really think it wont go down, everyone believes that housing holds the value and goes up, thus the value goes up. And building new housing is more expensive compared to existing stock so the only alternative is to rent, ie pay someones mortgage to live there with non of the benifits.
So buy that house and sniff that copium during these 3-5 years of high rents
Bidenomics working as intended!
interest bad
Effortlessly lame
Glizzy goblin 😂
tierzoo trying to appeal to gen-z by complaining that he can't buy a house, L channel go buy a starter home with the ad rev bag
Bro you are wild
he just typed in a twitch stream chat it ain't that deep
Bro get some help
how are ppl in this thread playing defence for a person close to or passed a million dollars while the average salary is 60k 😂 what a man would do to have a mil in his mid twenties
@@woozi29I’m 99 percent it was a joke so I think you sir should get some help on what a joke is
USDA LOAN
CoffeeCOWzilla time!
Coffeecowzilla