The Surprising Truths about Home Ownership You Need to Know (hidden by Real Estate Agents)
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- Опубліковано 9 лют 2025
- There are numerous reasons why home ownership is considered a huge deal for most people. But why is that the case? And how did we get here? And what is it that Real Estate agents aren't telling you.
Owning a home could potentially be a scam. And Real Estate Agents will HATE me for sharing these secrets in this video as I go through the Surprising Truth about Home Ownership you need to know (hidden by Real Estate Agents). And how they want to keep you poor instead.
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You are right! Most people dont understand how loan amortization works expecially when you got it at high interest rate. Over 80% of the payment will go towards the interest rate for the first few years of the loan term which doesn't makes sense expecially if you plan on selling your home within 5 to 10yrs
You're 100% right! What infuriates me is that most people's biggest goal or aspiration in life is to buy a house quickly so that they can start paying off their housing loans for a good portion of their lives while there are smarter ways to acquire assets, including real-estate.
It is great for the economy, great for your security and well being and builds an asset. That too through a declining interest portion which can be compared with an increasing rental payment. Since that's the money you can say goes to waste.
80% of your points actually support owning a home, so you might as well get down to what you are selling! ;)
The only thing I'm selling is ensuring you get your bang for your buck regarding investments and assets, Dhruv! 🙂
Let me make it clear that I too would love to buy a house but not anytime soon because there are far better opportunities out there for me to grow my wealth with my current situation. If you have made some serious money then you should a 100% go ahead and buy a house; it could be a good investment. But is real estate the best investment you can make at any phase of your life, I don't think so.
My humble suggestion is for you to check out the videos I am recommending at the end of this video(or any of the Real estate related videos in my channel) and let me know if that makes sense. It indirectly answers the questions you're posing here 🙂
No mention of rents going up, prepaying part of the loan, etc. This video gives a very stupid advice. Don’t fall for it.
I didn't go into specific scenarios like rents going up or pre-paying part of the loan because these can get really subjective. But I would recommend looking at the numbers video at the end of the video, Thomas. It would indirectly answer your questions because the whole purpose of this video is not to say that you shouldn't buy a house. The real question is whether it's worth the investment, depending on your financial situation and disposition.
Check out the Numbers video and let me know your thoughts. I would love to hear them 🙂
@thomas learn how to talk and what efforts done to put a video, stupidity is to type in hide. Then also he is giving polite advice😃 btw no one invited you nor you paid for it