Do You Need to Own a House to Be Successful?
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- Опубліковано 8 січ 2024
- Owning a home is often seen as a symbol of success but nowadays it may seem impossible to buy a home with these astronomical prices and interest rates at 20-year highs.
But do you actually need a home to be considered a success?
Ramit Sethi, author of "I Will Teach You To Be Rich" doesn't even own a home even though he's really well off. As a real estate investor and advocate for owning your own home, I'm super interested to see what he has to say and see if I agree with his opinions or not.
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Original Video: • Why I Don’t Own A Hous...
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*Please note that the information in this video is for educational and entertainment purposes only and should not be taken as financial or investment advice. Any investments or financial decisions you make based on the information in this video are at your own risk. The links in the description above may include affiliate commissions or referrals, and I may receive compensation from partner websites. The information in this video is accurate as of the posting date but may not be accurate in the future.
Have been enjoying your videos but didn’t know you are from Taiwan too, I am currently buying my very first home in OC and learned a lot from you, thanks!
That’s awesome! Thank you for the nice feedback. ☺️
Dang, Im early. Love your vids btw
Thank you! ☺️
Love ramit sethi. Great video thanks!
Thanks for watching! ☺️
There’s only X amount of housing in, say, Boston. It’s an inherently inflationary asset, as the value is predefined by the limited amount of availability (you can’t build infinite houses). Meanwhile, stocks can easily be broken down over and over again. I think that makes it pretty clear for me.
You realise that when stocks are broken down, they have to give investors the amount they broke it down by right? If a company has 1,000,000,000 shares and they double it to 2,000,000,000 shares. They owe those invested in the company already in the company 2x their current shareholdings. So if you own 40,000 you now have 80,000.
There is nothing inflationary or bad about increasing shares or decreasing. If your company is big enough to grow and you increase share amount like say what Apple did back then, there’s no need to worry because Apple has upward growth and it’s going to be a long time before someone puts Apple out of business.
"can't build infinite houses" Hard lesson being learned in Ccp China lol 🎉🎉🎉🎉🎉🎉
Of the 2 I would listen more to Sean because he sounds more calm and level headed. Ramit was a little too energized and that's something I factor in some times when evaluating someone as an info source.
Oh wow! Thanks!
am 12 year old thank you Sean you have made it easy to understand
No problem!
nice video
Thanks!
yw bro thx for the outsourcing i am making 20 bucks selling game items@@seanlovesrealestate
If the average cost in Wisconsin is 249,448 and the appreciation is 6.5% would it be smart to get a house or rent a property.
When you say diversify locations do you mean different neighbourhoods, cities, countries or continents? I would not be able to sleep at night if I owned anything very far away
You answered your own question
I think when you say I own a house is partially true, because if you have a mortgage it belongs to the bank until you fully pay it. you also need to consider that each month payment a lot goes to interest rate from the loan you got (with current interests' rates). I think you should really really do the numbers before buying and also if the location of what you want to buy is the one you really want.
Makes sense. Thanks for sharing your thoughts!
no. but if you are 30 yo and older and don't own a house you will feel you are behind.
Blackrock wants you to be a renter. This alone should make people be afraid of being renters. All these "you will own nothing and be happy" attempts must be thwarted.
Hey Sean, I want to buy a house but I'm Muslim and interest isn't allowed in Islam. But houses seem too expensive to buy with cash. Can you make a video on how to buy a house with cash?
Buy an old normal house and rent it. And make sure the house is cheap. And if you can get two of them you can save money and buy a business or just a house. If you buy a business first you could improve and make more money.
Lots of Muslims making millions on interest, wake up
🤓
so I make 50 dollars a year what should I do
Here so kids can't say first
You said "first" in another way
yea he did
@@BroLeaveThisChannelNow
Rethi is wrong