But if you’re in an HOA…

@@Suki0428 HOA: Then every board member is your landlord. :))

@@terry_willis 💯. Will never do it again.

and to add, its generational wealth, his kids might not be able generate as much income as he does

​@@jonny_laguna I don't think so. Had my understanding of investing been 10 years ago what it is now, I would've never bought a house and I'd be enjoying my retirement

Lifestyle definitely matters. Keep in mind that it's currently cheaper to rent than to own in nearly every city in America (not an exaggeration -- look that exact phrase up). If you want to move further away, great! But if we compare apples to apples, owning is often more expensive, and right now almost universally more expensive. Therefore: run the numbers.

Do you think that's because Americans are so brainwashed to buy? In a renter culture where people think like ramit I imagine that's the other day around.

You never own your home. It can be taken at any point. This is why you always pay taxes on it... it's never yours. Research it and check the history. People have had property taken all throughout history, for various reasons, even with being consistent and timely with paying taxes

@@cegecej That is extremely rare. My brother had the house he was renting sold out from under him twice. Two times in 3 years. He had to pack up a family of five and move.

Home ownership is a fallacy. You never own it. Like everything in life it’s rented.

What does you being a single mom with two kids have to do with this topic?

@@adam7349she is literally sharing her story. Did you try your shit in the dudes who mentioned getting a home for their families in the comments. Tell me you eat red pills while screaming that you never get laid.

Do you save and invest your money or just spend it all in a month with no savings?. If you spend all your monthly salary in month with no savings left for the next month, then there is no point owning just a home. Learn how to spend money, learn how to save money and learn how to invest your money from your savings, is the key to making a million dollar in 14 to 15 years, because the value of inflation in the currency increases the value of your investments profit every 1 to 3 years substantially, that you end up making a million, if you save 1500 to 3000 dollars every month from your income and invest it after learning to invest in mutual funds, stocks and bonds.

@@adam7349 I think her point is she doesn't have anyone else to rely on, so owning a home provides a level of security, a peace of mind, and a foundation she and her kids can stand on. We are all quick to judge, but think about it from the perspective of a single parent.

@@alcubierre-drive Dude don't be "super simp" trying to "save the day". The Reality is NOBODY is relying on someone else. Two people households struggle as much as single households. What about the husband that works and the wife is home with the kids? Sounds like you need to take your own advice. Don't be so quick to judge. Those are decisions that she made for whatever reason. Now if she is a widow I can understand but even then "the world doesn't owe anyone any understanding". Yes Purchasing a home is probably the best decision for her. If she is having problems with bad landlords that is because of the quality of places.and people she was dealing with. Maybe dealing with individual landlords wasn't a good idea. Great that you thinking of perspective of a single parent but life is hard for two family homes as well .

It was then but he's talking about now.

@@AnakinSkywalkerrrop Rent has almost doubled in the UK since 2020. Landlords are getting rich while you get poorer. Buy a house. Ramit can afford to buy anywhere, anytime. You can't!

@@AnakinSkywalkerrrop maybe so but we were a single income family and I was making 42k/year. It’s was rough but it was doable. How much stuff do people buy that they don’t really need?

@@silvafox7719 buy a house now and you are at least a million in debt. If you have a family where will you live if you rent?? Housing prices increases have SLOWED so reselling will cost you just in fees alone. Emigration is now the best choice for many...

@@AnakinSkywalkerrrop he said, "have you ever in your life?" I bought my first house in similar circumstance. Made $46k/ yr, house cost $85k. Same house now cost over $200k. I sold it 9 yrs ago for $105k. Something has gone haywire in the last decade-plus!

Bought mine in 2018 for $395k, it's worth $750-$800 now. Best investment I've ever made.

You don’t own it until your mortgage is paid off so you’ve actually made no money. Also over the mortgage term you’re paying more than £169k. If you miss out on mortgage payments then the house will be repossessed.

That is ridiculous. You have made money because the house has increased in value over the years. Jeez. @@sanjayd7

@@sanjayd7 This statement is wrong. You don't make money until you sell, however, you actual value, ie. your total assets still increase. Also who gives a rats ass if you don't own it til you pay it off, if you sell those are YOUR proceeds and of course you pay off the mortgage (and you don't have to pay interest at that point either) and walk home with the rest - taxes for gains.

@@Delimon007 lets get it right off the bat you are banks slave bruush and there are no two ways about it, you own them money then you are owned by them.

For sure. In Toronto, we bought our house 20 years ago for 300K and now it's worth 900K. We definitely couldn't afford RENT in this area now.

Exactly. These online "gurus" just love to tell you that everyone has been lying to you. He's talking utter nonsense.

maybe he's working for the WEF...you'll own nothing and be happy!@@olddouchebag

I agree, this guy is giving out the wrong advice and I don't believe he's a multimillionaire.

I totally agree, our current home of 23 years, our equity is a 250-300k, we are planning on selling even with a 3.12% rate. Our current mortgage has always been lower than rent. We will move, downsize, then either outright pay for our next house, or have very little mortgage loan that will be at least $500 less than our current mortgage right now. We will have lower utilities, and in a place with year round 4 season mild climate conditions, (no tornados, or hurricanes either). The next interest rate we get on our next home is not an issue.

Does not sound like you have a spouse nor kids.

@@jade-oh5wn Have both. I assume you make the comment because one cannot live the lifestyle I've chosen with dependants? I'm afraid to tell you, it is entirely possible. We don't need to accept the 9-5 work till you're 65 and dying lifestyle bequeathed to us by our parents. That time has long past, let it go.

I am not into living the nomad life so that would not work for me. Working a 9 to 5 has worked for me. Got my first $100k by working for a start-up company. That was an easy $100k. My two homes are paid for. I have investments and multiple retirement plans. It's good to have options. One makes do what is best or most comfortable for one. I couldn't imagine moving frequently with my family & we still manage to enjoy life experiences. Again, it's great to have options.

​@@jade-oh5wn Was an option that was opened and encouraged to me by my parents, but it never rubbed off. There is nothing that I would change to trade money and property for the experiences I've had, they are beyond price. Change is key. My children now enjoy an appreciation for other cultures and knowledge their peers know little about but perhaps that they read in a library book. But you have two properties bought and paid for, and multiple retirement plans. Why wait to enjoy life when your body is less able than in the present, I could never understand this choice so many make.

Yeah but you have a house… in INDIANA! 😬

I live in Indiana as well. I bought a house too in 2020 for $168K for an interest rate of 2.8%, and it’s worth now $235K. I will say buying that house was the best decision I’ve made for investment.

@@davidphones7290 Yeah its in Indiana. But do you want a house or not? If you don't want to sacrifice a bit, then stay in wherever overpriced market that you live.

Homes don’t always appreciate like they are now. So, if you bought a home within the last 3 years, you’ll definitely benefit from it if you sale now. It’s similar to the run that the stock market had since the 2010s, and those returns shouldn’t be your expected returns because the market isn’t always like that

​@@rafaelw8115+ closing costs paid during acquisition, - 6% of selling costs if you decide to sell it.

After running the numbers, and accounting for time value of money, what is your annualized ROR?

That same home at current interest rates is 2k a month. You locked in at a great time, covid era policy, those of us who didn't buy a few years ago will regret it, we may never see those sort of low rates again.

Yeah thats an example of getting near perfect timing with buying a property. Right now we almost couldnt be farther from the ideal time to buy a property... and besides if you compare buying a house at the ideal time to a stock at the ideal time i can obliterate your return from your property acquirement

Your home is only worth whatever someone else is willing to pay for it. Also, you forgot to add in taxes and insurance; both will never stop going up;)

@@rdw1968as with rent, and alll the limitations that comes with renting someone else's space.

Where in the bay ?

@@vanessacazares2615 Manila by the bay lol

Hey when did you buy at 650k? Great deal tbh

@@codediva007 during the mortgage crash

Unfortunately you underperformed. Because with dividends reinvested the stock market is up over 5X.@@TheLegendaryLinx

And that my friend is the true value of homeownership.

how did this comment get 450 likes? Your third sentence contradicts the first sentence. The guy is arguing AGAINST buying a home!

@@briantomory8399 becuase most of us dont agree with the video. Over 5 years of rent I paid 140k. I bought my home for 110k. with property taxes over 10 years I barely hit 140k in expenses including yard work etc. and taxes with expenses will continue to be cheaper for me over the next 50 years as rent goes up nearly 10% a year but my taxes have been 2-3% a year where I will teach you got 6k a month compared to the 3k. I have no idea. my expenses are NO WHERE THAT HIGH.

Curious, how do you secure "FAR more LAND and HOME" if you did not take on huge debt from purchasing your home. Are you a first time home buyer or have people who can support you financially??

Do we need to buy a house if we don't have kids?

How much would you have paid in rent throwing money away you forgot to mention that.

​@@muradshawarExactly, you have to live somewhere, better to invest in yourself. Typically, rents increase over time as well, so by not buying in this scenario, the person would have funded someone else's retirement (real estate investor). Opportunity costs of not owning a home exist also. Warren Buffet said 30 year mortgages are "the best instrument in the world."

@@jasongillis1336 Exactly . People who rent for 30 years with no equity baffles me

That sounds like a great outcome. I'm happy for you! Now consider the following, which is what I want everyone to think about in their analysis before spending $$$: - What if you'd invested your down payment and rented instead? What would you have after 10, 20, and 30 years? - What if you get a higher-paying/better job elsewhere? What then? - What if you hadn't experienced a generational price increase due to COVID? (What happens if prices decline for the next X years?) - What if you'd rented and rent stayed stagnant, increased, or even decreased? - What are the other options for equity growth besides owning a house? How much does it cost?

@@ramitsethiyeah stock market went up 40% in the same period!

​@@ramitsethiu can't value the emotions, memories he had with family in the same home, comfortness etc and u said what if x year price goes down, same can be apply to stock what if price goes down, what if company goes bankrupt so measuring something value on what if is not good idea

I told u again, with 200 yrs of best investment return, the best return is stock index s&p, $1 INVESTED INTO STOCKS 200 YRS AGO, TODAY (200YRS LATER) IT BECOMES $1M, do the math it said STOCKS GIVES about 7%-10%/yr (1+r)^200, compound annually turn $1 INVESTMENT 200YRS AGO BECOME $1M TODAY using 200 yrs of LONG-TERM 200YRS HISTORY AS TRACK RECORDS, THAT'S WHY WARREN BUFFET LOVES STOCK INVESTMENT AND HATE R.E. (LL=LANDLORDING - imagine invest $2B=buy 2,000 apartment units each building cost $1M and hire teams of lawyers try to collect rents from ALL KINDS OF LGBTQ/SMART/POOR/RACIST/CRIMINALS/DRUGGIES/MENTAL PROBLEMS/ILLEGAL BF-GF-FAMILY FROM ALL CROSS PATH, U CANNOT GUARANTEE FILTER OUT 99% OF THESE 2,000 FAMILIES EACH LIVE IN YOUR 2K UNITS ARE ALL GOOD TENANTS and mental health/druggies/Zombies or future kids bring in NEW ILLEGAL/CRAZY/CRIMINALS BF/GF POP OUT crazy kids rewire electric to grow WEEDS then burn-your-house or SF famous Oakland Ghost-ship turn warehouse into party then killed over 36 then drag u in court fight n yrs=no fun and RETURN OF INVESTMENT IS SO LOW compare to STOCKS. Again, MATH AND IRS/RENTAL LAWS ARE EVERYTHING, nobody is above the LAWS. Invest JUST 1 DOLLAR into STOCK EARNS 7.15%-10%/YR then the math tell u (u need to pay me to make video edu u make u smart b/c u r bad in math, logic, science and know A-Z IRS/RENTAL LAWS ARE ALL ARE WRITTEN AGAINST LL except 1031 Exchange law which Biden wants to change this law; and President TRUMP KNOWS WHAT I EDU U HERE, HE OWNS MANY R.E. AND THE R.E. KING HIM STILL TAKES 2+ GENERATIONS & 75+ yrs to DARN SLOW TO BECOME A $BILLION while FB, AMAZON, TESLA, NVIDA, AMD THOSE BECOME 5X OR 10X MORE $B RICHER THAN TRUMP ALL WITHIN LAST 20+ YRS NOT 75 YRS slow R.E like Trump; and President Trump knows what I edu u in his head ask 'why all laws against R.E.? WHY R.E. takes 27.5-39yrs to DEPRECIATE TOO SLOW OFFSET OTHER INCOME MEANS IRS TAX LAW PUNISH LL PAY MORE TAX while ALL OTHER BUSINESS TAKES 1-5YRS with 100% FAST DEPRECIATION vs 27.5-39 yrs TOO SLOW=pay more tax. i.e. BUY a heavy 6k lb heavy car/plane, u WRITE OFF 100% IN 1 YR=PAY LESS/NO TAX=FAST DEPRECIATION OFFSET MORE INCOME SO PAY LESS TAX vs RE only LET Improvement part (say 40% is LAND Value=UNABLE TO DEPRECIATE=SO U LOSS 40% OF VALUE UNABLE TO OFFSET INCOME RIGHT OUT OF BET COMPARE TO ALL OTHER BUSINESS TAKES 100% WRITE OFF IN 1-5YR SO RE. IS 1 OF THE WORST BIZ=DON'T WATCH YT RE GURUS LIE TO U/STUPEFY U = just sudden last 5-15yrs R.E goes up crazily does NOT mean 100yrs or next 30yrs will ALSO GO UP=I USE 100-200YRS HISTORY RECORD PROVE TO U, Nobel Prize Econ Case Chiller said 100yrs R.E. only goes up just a bigt BETTER THAN 2.X% inflation or 0.6%/YR BETTER, U WON'T LISTEN 1)GENIUS INVSETOR WARREN BUFFETT HATE R.E./LL; 2)NOBEL prize Econ edu u Shiller RE INDEX; 3) I edu u... TRUMP THINKS "WHY ALL IRS LAWS AGAINST LL/RE, I'm the president now so let me INTRO NEW LAWS, BONUS DEPRECIATION FOR temp only ~5 yrs ONLY=SOON RETURN TO SLOW 27.5-39 YRS; THAT BONUS DEPR IS ONLY FOR ~5YRS after I left office then we keep the law or not! ALL RE GURUS GONE SO EXCITED ABOUT BONUS DEPR LAW WHILE ALL SMART BIZ OWNERS KNOWS ALL OTHER BIZ ALREADY HAVE 1-5 YRS fast depr ALWAYS DECADES AGO, only Trump makes u happy for 5 yrs BONUS DEPR law b/c it benefits LL him who owns many RE=takes 75yrs to get rich SLOW $B vs TESLA/GOOGLE/NVIDIA 3X OR 10X STOCK IN 5-10 YRS, CAN YOUR $300K HOUSE GO UP 5-10X become $3m or your $3K/MO RENT BECOME $4*3=12K/MO IN 5-10 YRS so it drives your R.E. VALUE UP 500% or so? NO WAY LOL, told u DON'T LISTEN TO YT RE GURU BS b/c BIGGERPOCKET, MEET KEVIN, GRAHAM STEPHEN,. ETC ALWAYS TELL U THE GOOD SIDE OF R.E. but NEVER tell u downside of R.E.=tenants STOP PAY RENT 3YRS=NO INCOME 3 YRS WHILE TESLA/AMD/NVIDA STOCK INVEST UP 200% 3 YRS, WHO MAKES MORE $ & WORRYLESS? No need to hire teams of lawyers evict them in COSTLY TIME CONSUME COURT. Back to point1: $1 invest 200yrs earn 1.0715^200=$1M today, LET'S USE LOGIC/MATH LOOK IN REVERSE (I'LL MAKE VIDEO EDU U WHEN I'M FREE BUT U CAN BUY my friend's "world's best mouse trap kills 400 rats" invention lol)... let's say R.E your house goes up at 5%/yr, then 1.05^200=17,292X; let's assume today's media USA house is $450k, that means 450/17,292=$26/house, meaning if R.E. GOES UP 5%/yr then U CAN BUY A HOUSE FOR $26 back in 200yrs ago but CAN YOU REALLY BUY A TYPICAL MEDIA HOUSE IN US FOR MERELY $26 back then? or better yet, 450k/10^6=$0.45 per house if R.E. goes up at same return like stock index at 7.15%/yr, yeah, let's do the math in reverse: say u buy a house for $0.45 in 200yrs ago, then 0.45*(1+7.15%)^200 ~=450k, but the logic proof R.E. CAN'T GET 7%/YR RETURN ON AVG b/c YOU CANNOT BUY AVG HOUSE FOR 45-CENT IN 200YRS AGO LET ALONE those upkeep in 200yrs & repair & roof (every 20yrs OR LESS replace, TORNADO/SNOW/WIND/FLOOD DESTROY YOUR HOME COST 2 MUCH vs TENANTS JUST HAPPILY FIND 2ND HOME CHEAP & WATCH $1 INVEST EARN 7%-10%/YR vs R.E. ONLY GETS under 2.7%/yr or 3% max while inflation is about 2.x%/yr). MATH IS POWERFUL. U go ask Asians b/c most Asians are very good in math, science, logic and using IRS TAX LAW & RENTAL LAWS ALL WRITTEN AGAINST LL/R.E., that's why BUFFETT LOL AT U STUPIDITY DIDN'T PAY ME EDU U AND ONLY WATCH YT RE GURUS ONLY TELL U HOW MUCH $ THEY MADE FROM R.E, but history prove EVEN THE KING OF R.E PRESIDENT TRUMP STILL TAKES 75YRS 2+ GENERATIONS TO EARN HIS $9B or less (if NOT w/o BK 2+ times) while STOCKS makes AMD, GOOGLE, TESLA, AMAZON, NVDIA ALL BECOME WORLD RICHEST WITHIN 25 YRS vs 75yrs TOO SLOW & protesters said "why rent is darn high all b/c GREEDY LL u charge 2 much, f u #@#", that's why TRUMP/BUFFETT DONT WANT ME EDU U ESP buffett HATES R.E./LL=collect rent from jobless 3yrs & there's no LAWS HELP LL STOP PAY MORTGAGE OR PROPERTY TAX 3YRS but only all laws HELP THE TENANTS DON'T PAY RENT OR CANNOT EVICT THEM 3+ YRS LOL. Nobody is above MR. LAWS and math=the language of GOD b/c PPL speak English/Chinese/Spanish all will lie but God/science languge=math won't lie lol. U need to pay me edu u:)!

It's really much more dependent on where and when you're buying. And how much you're willing to sacrifice and wait. For the most part, you don't buy a single family, a condo or coop for the investment but it can be one. I bought a townhouse condo in NJ for 80K in '87. Sold it for 80K 12 years later. Bought a multifamily in Brooklyn in '99. The value increased 70K in 9 months. That building went from 440K to over 3M in 20 years and bought me 2 more! And market rents are 5-7x higher than at purchase. Location, location, location...and timing. I was investing for growth and future comfort.

yeah but you're making his point for him. its a pain in the ass... but you built equity

@@robi6317 Owning a home is a pain in the ass, and renting is a pain in the ass. If you own a home you might have the roof leak, if you rent you might get a shitty landlord (or a roof leak that he wont fix!) its tough to say which is easier, just different.

@@TonyCox1351but this isnt about "easy" this is about the best USE OF YOUR MONEY. and thats almost always buy vs rent. oh and ive had a roof leak for 20 yrs... hasnt been a pain so far ha ha just some buckets in the attic

@@robi6317 I cant speak for anything else but for me, making my life easy is a big part of my decision making. Some things arent worth the hassle even if they make you money.

Your contribution is Confusing : “ Owning a Home is a pain in the ass " yet you admit that you and your family BENEFITED from the Home Owner status. You Highlighted Stability, Not having a move the family etc. That doesn't sound like “ Pain " ...that sounds more like “ Pros outweighing the Cons " .

living below your means is the real way to be wealthy period.

700% value growth is abnormal, don’t give advice on outliers

I bet you wouldn't pay 1.8 million for your 250k house would you? Desperation has caused rampant stupidity.

@@McBreath_McD_Cheeseburgers 😂😂😂😭

I know what you mean. I built my own house. It took me a lot of money, energy, and I couldn’t travel, do whatever I wanted, and I still had a lot of things to do. I got fed up, sold the house, took that money used for some investments, and started doing the trips I wanted my entire life. Now renting and living the best of my life.

No one runs the numbers unfortunately lol

Common rule never to violate. If you are moving every 1-5 years never ever buy. I was in the military and always rented. My friends who bought were always getting close to 10% transaction cost every time they moved

Dont buy in an HOA

@@hugoglenn9741 How much appreciation did they realize? More than 10 percent?

Beautiful job creating your Rich Life! Whether it's renting or owning, I simply want people to think carefully about these decisions

That's great to hear my only concern is if rent prices and house prices go up, aren't you susceptible to the market like people were from 2020 to 2023 meaning rent goes up but mortgage would stay comfy if you bought beforehand? That is my only worry I guess at the moment and verge of buying a house

retirement savings are not a guarantee either, that can go down just like real estate.

You don't know shit. Back in 2012. All 401k investors lost almost all their retirement money.

You don't understand the basics of owning a home, hold onto it through the bad times..

You are not talking about the money you didn't make had you invested in Apple stock after the Iphone release.

I completely agree with you.

I agree. Also, in most cases, mortgage payments don’t fluctuate much and there is an end to them. Rent, on the other hand, can go up every year and sometimes quite significantly. To some degree , your ability to stay in your home is in the hands of someone else. I like the feeling of control that owning gives me.

​​​​​​​​​​@@BeautybytracileiSo does property taxes. An fix mortgages can change as well. Seen it happen plenty of times. Hope you realize you don't own you're home in this country. It's an illusion. If you're still paying mortgage? You're still renting. Then you have to worry about keeping you're Job on the deal you wrote off. Higher Insurance as well. How many years are you In a lock lease ? In other countries you actually own a home. But like everything else ? It can be taken from you. But not as common as U.S. Technology is driving everything to mobile. An so will everyone else. Agenda 2030. You won't own anything. People are the commodity. Black Rock, Vanguard? Other firms are buying property left an right. The boomer day generation is ending. Prepare !!

Amen

Totally agree, not to mention all rules we have to follow when renting a property.

I think main advantage is the leverage in a house, but most people don’t really understand that they are leveraged

Owning a home is a headache for shure. A large family would probably be better off in a house but small families can be fine renting just the space you need not want😅

This is what depreciation is for, cash flow and a war chest. The tenants pay for all the repairs. Personal home it's on you.

Was that house in a development? Builders with tract homes cut corners and get low end stuff. Not surprising a water heater went out after 20 years, nor an AC unit or low end flooring. But the burst pipe, yikes. And @rafaelw8115, I think @RobertHasty meant that tenants ultimately pay for repairs with their rent. People pay rent to cover such costs, not just mortgage/insurance/taxes/opportunity/holding costs, but also repairs and maintenance. That's where the landlord gets the money to pay the repair person.

@TheMidasTouch11 If the rent you are charging for the house covers the cost of your apartment as well as continued maintenance on the house, then you have a good deal. If not, you're throwing money away.

And how about the risk of paying real estate taxes, repairs etc..does that scare you?

@@tango4ever244 no because taxes and repairs is going to be lower then the market rent in my area. So I'm still going to be living cheaper then the same people renting in my neighborhood. by more then 50 percent.

Your comment is true. I agree! But housing is more complex for senior citizens. Every older adult is different. Because conversely, a lot of senior citizens sell their house and rent in a 65+ community/or apartment because they can’t manage upkeep of a home. Or there is fear of falling down steps, loss of autonomy to repair things due to health issues, etc. Many seniors citizens prefer to spend their ss check, pension, retirement on their climbing health care costs instead of thousands on home repairs. Or they want to spend their golden years traveling.

Thank. You!

I agree this was/is a generally held plan. Sadly I don't think it's as good as many seem to think it is. As the video mentions - it's about doing the math. If you could rent for 20-40 years at a savings of $3000+ a month - that you are then investing ON TOP OF what you are saving for retirement - then you'll likely be just fine renting during your retirement as well. Of course if rent is similar to buying, and you can keep the other house induced costs down, it could be worthwhile to own.

And, I'm guessing you have no bossy landlords to deal with?

This is really what it boils down to. If you can't afford the down payment or you can't afford all of the costs that come with buying a home, rent. I know many people who bought a house because they were told that renting was throwing money away. However, they couldn't afford to buy a home and weren't prepared. They ended back up in an apartment or with parents. Bottom line: if you can afford to buy a home and you don't plan to move within the next 10 years, it's the better option. Otherwise, rent.

@@misspriss2482thank you. Renting is better for me

Definitely. And be sure to factor in that a large portfolio can also pay your housing costs in perpetuity...and also what you'll do if you own a house but have very little in retirement saved up. In other words, run the numbers.

​@@ramitsethiat what level of security?

@@TamunoOpuboCooksCookeyGam enough to buy a small place for the "level of security"

If one does not plan to move around traveling the world, the paid off house should still be quite alright. @@ramitsethi

@@ramitsethi Some of us have the financial discipline to live exactly how you describe. But please understand that so many Americans do not. Sad, but true. So the home equity which is pushed upon us works as sort of a forced savings account.

Thank you

@@ramitsethi your a good guy Ramit although we differ on owning or renting.

How does becoming renters, help people?

Why not do both, its what i am doing right now. Bought my house five years ago and now its worth plus $200K but not selling as in my area homes are going way up and so is the rents. Its pick your poison for your tea lol.

Rental yield is around 5% on average, price appreciation is also around 5%, so you get around 10% by doing nothing, just living in your house (just minus a bit less than 1% for depreciation). S&P500 historic return is also around 10%. Ramit would be in cuckoo land if he thinks that you can easily beat 10% return. So I always say that buying your property is often one of the easiest and best investments an average person can do. And importantly - if you use mortgage, that return can be considerably higher than 10%. As long as your mortgage payments dont come close to 10%, you are making money.

beyond that, he is saying to run the numbers and decide after following the rules he laid out

I will! Really cool seeing all the positive comments here

actually...if you're worried about losing your job, then you definitely should NOT buy a house. A house is a liability and could prevent you from moving across the country to a better job in a better cost of living area. A home ties you down and reduces your ability to be flexible.

@@toptechhawaii8156 Not worried about loosing a job, but these millionaires want to make you think like them when they are clearly loaded and the variables in their life's equation and yours are different. What makes sense for them might not work for a poor person. Watch out listening to these people!.

@@toptechhawaii8156 Also, it is becoming more expensive to rent than to own. Rent is about the same for a 3 bed house than a 1 bedroom, in some states and they are making you pay for everyting, even the sewer. The reason people dont get into more houses is because they dont have a downpayment money.

@@toptechhawaii8156 A house is not a liability unless you owe more than it's worth.

It’s been my experience that scummy renters outpace scummy landlords 10 fold.

There are also a boat load of scummy/shady renters that can cost you many thousands of dollars. Its a two way street

I don't find the "20 years" argument very convincing. The average homebuyer doesn't stay nearly that long. And why is it that you only hear people talking about 20-30 years in the future with their money when it comes to a house (not investing in the market)?

If you paid rent for 20 years and own nothing you are the problem, not renting. By investing your down payment and the difference between the mortgage cost and rent every month into an index fund, you will have more cash in 20 years than what the paid property is worth. So by spending the same money you greatly reduce your financial risk by diversifying your investment, you get the convenience of being able to move freely and you can just text your landlord if there is a problem. Buying is an expensive lifestyle choice you definitely can do but it’s certainly not the best decision from a purely financial point of view.

And you can move. Without any commissions. Without any mortgage recording tax. Without any closing fees.

Glad you enjoyed it! Thank you for watching and sharing

to each their own at the end of the day. one can rent and never own and money still leaving pockets monthly....one can buy and pay mortgage till its paid off then still pay taxes and insurance. money still leaving pockets monthly. so either way no1 is better off....UNLESS after the house is paid off it becomes a rental property earning good income then that beats renting. so in that regard a house purchase is better.

Thank you for watching!

ofcourse he is trying to brainwash you not to buy house so he can buy them. I own 2 properties and yeah my mortgage is nothing compared to rent today especially the one I'm only paying $600/month for mortgage. It's small house but still price has doubled in the past 15 years.

Should have roommates then.

With you! I do not get much in my retirement so paying in full was a great option for me and really has helped me to be able to save every month. That plus a small amount of part time when I feel like it works...

I agree. As a home owner, you don't have to worry about if the landlord paid the mortgage on the home you are renting.

Finally someone buying rental estate that uses the correct motivations and math. However your last argument is off. You can typically rent a much nicer house than you can buy, especially if you are burning principle you would otherwise put into a house. If you can’t take it with you then rent a luxury house while burning down the cash.

Or hay Im selling the house. Ya gotta move@@TheBolo2010

you dont own your home the bank does

And if you're a smart single man, you'll consider renting my basement as a roommate and investing your money in the stock market.

Finally...wisdom

Seriously, how much is your tax and insurance??

Ain’t no way. Stop it.

@philmarsh7723 You don't seem to be acknowledging that if you hadn't purchased your house then you would have been renting, and you would have thrown all of that money away and had nothing in the end.

People with no credit history should NOT be punished by the system.

​@@user-gz4ve8mw9lget a credit score improvement SELF gives you credit for on time rent/utilities

​@@user-gz4ve8mw9l Now that government backed loans. FHA.. FANNIE MAE.. has decided not only use Experian/Equifax credit score will be higher..Transunion is being ignored.

That was a typo experian and Equifax are the only credit bureau's scores that will be considered when looking at a government-backed mortgage loan TransUnion. Will be deleted?

The property taxes will go up and so will insurance and SO will the rent.!!

Yep you were duped by greedy flippers - sorry.

Buy a house to sell it in 5 years. Don’t buy it to pay a mortgage for 30 years.

you do realize your rent will only go up throughout your life where your mortgage is fixed. I know owning has maintenance and tax costs, but still 30 year mortgage at a fixed payment or rent where every year your payment goes up. Its a no brainer, owning is most of the time the better option.

@@hepwo91222 It's not in all cases. It's no where close to a no brainer. It takes a lot of analysis (and courage) to wisely come to this conclusion I'm very well aware of the increasing rent argument (and all the others). Where I live the average rent amount has gone down slightly. I have been working for a mortgage company for over a decade. I've studied amortization schedules, title policies, escrow disbursements, foreclosure proceedings and more. I've seen the good, bad and ugly when it comes to mortgages and am more intimately familiar with the ins and outs than the average person. Not only that, there are high ranking individuals in this company that agree with me. I just had to believe that it was certainly the case for me and it helps to have another on a platform like this agree.

@@hepwo91222 You can instead use that money into dividend paying stocks which on average go up 10% per year and right now many pay in the 4-5% range. Over time, as for me, my portfolio is so large now it pays my rent amount plus some. I've also owned but sold in 2021 with a 250% profit Of course a lot depends on whether you have a family and your future desires...

1) historically rent is always higher then Morgage ( no land land will rent his or her apartment for loss ) so it’s always going to be high rent then Morgage . 2) fixed Morgage for 30years ( currently it’s interest rate is high ) but rent goes by year to year . 3) he is keep talking about investments ( it’s so volatile) one can loose there life time savings . But if housing market crash ……. You still have home that you live in it . 4) rich stays rich because people like us pays rent to them ( our land lords ) 5) wait for the right time to buy ……. Currently it’s high price and high interest , it’s like double whammy . 6) this guy is worth $25 millions net worth , so when he invest his 20millions and if he gets only 2% returns that’s it like 200k & when you invest your 30k ( for an example ) you are up say like 10% ( only if your luck ) you are making only 3k profit a year . So his logic is only good when someone has lots of money to invest . Most people buy home with maximum 100k down payments so . Don’t fall in for this guy .

Multi-millionaires also own more cashmere sweaters and eat more caviar. Correlation is not causation, otherwise you would simply buy a jet and be wealthy.

I've moved around a lot over the last 25 years in the military. I rented at the first few bases, then I had a male landlord walk in on me (female) unannounced. He lived over an hour away. He had time to call. I bought at my next two duty stations and I am so ready to rent again. I hate that that landlord ruined it for me, but I will never rent from a small mom/pop type again. Gimme a management company as a buffer and sign me up.

There are plenty of multi-millionaires that rent. You probably haven’t met any because you’re too busy envying the dozen multi millionaires you know.

Lol I have toe hair that concerns me more than if someone on UKposts thinks I'm rich

@@AK-47ISTHEWAYHow did pointing out that multi millionaires also rent go to me worshipping someone? I definitely don’t worship your doctor. He has you on the wrong meds.

Yes but a mortgage is locked for 30 years whereas rent goes up 10% every year. The more you know...

Not necessarily. My country has a legal limit of 15% per year. The landlord can't just increase the rent, because their costs are going up. The standard increase is 2-3% a year. Additionally, the rent increase basis must be specified in the contract or the increase is illegal. There's three options: X euros, x % or tied to x index. If there is no mention of rent increase basis on the rent contract, it's illegal to raise the rent. The standard contract is valid for an unspecified time, but the minimum period is 12 months. America needs regulation to combat rent increases.

​@@Lumpia_In_Texas Rent is definitely not going up by 10% per year over the long term. Based on Eurostat data, in Europe, rent prices have increased by 20% over the past decade (link to source below), that’s 2% per year. In the US, it’s between 30-40% per decade depending on the decade (source below). So, on average, rent is going up by something like 2-4% per year. So, it would take like 23 years for the rent to catch up to the mortgage payment. So, for 23 years you would be able to invest the difference between rent and mortgage + the initial 100k into SP500 and appreciate those assets by something like 7% per year. That comes up to roughly 450k USD after 23 years. In my oppinion, there are way more significant questions to consider than the 2-4% increase in rent. Buying makes you unable to move for roughly 10 years, unless you want to risk losing money. Someone can commit to 10+ years, someone may not be ready. Also, doubling housing prices by going from renting to owning may squeeze the budget for some people to the extent that they have to significantly reduce their lifestyle or even be forced to sell, again risking losing money. So, I think that renting can be a very competitive option in terms of the financials (if you invest the difference) while offering you more flexibility. Having said that I also belive buying can be the right call, if you run the numbers, you can truly afford the doubling of your housing costs and can commit to 10+ years. And it also has perks like being able to do more home improvements. So, the point is that both options should be considered, neither is always worse. ec.europa.eu/eurostat/web/products-eurostat-news/w/ddn-20230705-3 ipropertymanagement.com/research/average-rent-by-year

But won’t the value of the apartment go up? I bought my house 3 years ago and it has already increased in value by 26%.

@@bluebirdtravelco Over the long term yes. If you can afford to pay 2600 USD for housing instead of 1400 USD and you stay in that flat for 30 years, the financials are leaning in favor of buying. But short term, the price of the flat can go up or down, and things like taxes, realtor fees will significantly cut into your profit, or even make you lose money.

That's the only way to look at owning, in my opinion.

​@@rafaelw8115May I ask where you're based? I ask this because I find this to be a huge cultural issue. I'm now based in the UK where everyone seems to think buying a house is a money decision but I'm Portuguese, where most people think that owning a house is a stability and family based decision.

@@rafaelw8115 All valid reasons but not "I'm going up the ladder reasons".

@@rafaelw8115 We live in Georgia in the US.

​@@BeautybytracileiI believe you missed his whole point, that even Included actual numbers. Buying a house Is not "Only" smart decision, Its actually a "dumb" decision die to the actual overall cost of ownership vs renting. Doesn't matter how you want to look at It, or how much you enjoy It...... Its still dumb costly. Owning a home Is a liability, not a asset.

agreed

Yes there is, and I think he kinda mentions that at the end of the video. The only good reason to buy a house at current market is because you actually care about owning it and being able to do what you want with it.

Thats pretty well put into words, thank you.

Totally agreed! This guy might be owning hundreds of rentals lol. How in the world is paying someone else mortgage better than paying your own mortgage 🤷🏽‍♀️these you tubers honestly I have no words

Yeah i think i got lucky, as at first it didn't seem that way. Bought a house with now my Ex-Wife, she got a good paying job and let me have it. It ended up better for me as i have a 4bdrm, 3.5baths, 3k sq ft two car garage for my upcoming Porche Macan GTS lol, single life baby for me and my furries.

How do you turn the doubling of your property into actual spendable money?

I was just discussing this with my wife. My home is paid off and worth 500k but that 500k is not doing anything for me, not making me money and stuck in my walls (equity) will the value continue to go up over time? Sure... but it's not even cashflowing me anything and in all reality costing me money each year to maintain and pay taxes, etc. Any advice here?​@ramitsethi

take what you were paying in mortgage and put in a index fund and keep reinvesting dividends . @@lifesajourney101

@kingsson7191 Pls reply

Funny how over the last 4 years in the stock market I’m up 7X. That’s what you can do,with available cash instead of a home@@ramitsethi

That doesn't make sense, why would the owner rent it so cheaply?

@@zuzanazuscinova5209 not all landlords are greedy. Thats typical for this rural area, and the homes are older.

Great work. I love how conscious you're being.

@@zuzanazuscinova5209they probably live in a less expensive area. I’m from N Texas and I could rent a house with the same specs for that price or less. For $2k, it might even be renovated/up to current aesthetic standards. Less than $2k it’ll probably look like something from a 90s sitcom, but it’s still a house instead of an apartment.

@@TCL_808 Sounds like your current situation is ideal, and I'm sure you're aware that it could change at any time. Biggest downside to renting. If you have a contingency plan in case the landlord decides to sell/move in/die/etc, then it's all good. In any case, best of luck as new parents!

Dumbest comment ever. Ever heard of “opportunity costs” of the principle in your home. I guess you will have to live on $1500/mo of social security when you get old instead of added investment income

if rent goes up, increase your income to offset it, why is that not an option?

@@hugoglenn9741not dumb at all. The inflationary aspect of coming up with a enough money is easier on a fixed rate mortgage than it is keeping up with rent cost that is reflective of the inflation rate.

TMI

I believe you but like he says, times are different now, thre are so many new green lwas compared to 2006, If you make 50k or less, buying a home might be a financial nightmare, depends on the situation.

Maybe dumb. When I was across the river in NJ in the 90s taxes were 4% of value PER YEAR. What would that be on a $2.5million house if you aren’t homesteaded. Not interested in those kind of taxes that’s why I pay 0.1% per year down south

I guess that makes you still crazy

taxes in nyc work different, not sure how they calculate but tax is less than 10k on the property, despite market value of 2.5 million @@hugoglenn9741

Lol and I feel the opposite... my home I could hear everything the neighbors were doing. Now that I'm in an apt again, its actually much quieter and less stress. Mentally renting has been life saving.

@@discoveringhealthandfinanc8328and can’t forget about the high cost of fixing things at a house on the other hand when you rent they will fix it all. At no cost 😃

If you have lousy neighbors in a house, you're stuck with them FOREVER. In an apartment, you can just move when you're lease it up, or maybe even legally terminate your lease early since your landlord violated the terms of the lease by not maintaining quiet on his property.

@@jasonjames4254you can sell and buy new one

It’s easier to escape bad neighbors when you’re renting.

Because you are a woman.The main reason men end up with mortgages is because of thier wives. Women need to have fabulous lifestyles and show off to other women.

You are worried about $100 in rent. Taxes and insurance go up by 200-300 a month a year right now. Haha

Probably better to just buy some land or rent a condo at this point.

You can't get a mortgage to buy land as it is considered as non collateral.

During the first half of the mortgage, renting is immensely cheaper on the avg home (~$1000 per month in savings). However, if you can survive paying down the first 50%, it flips and rent will likely be more expensive (can refinance mortgage). That first decade is just insane! Arguably investing the savings by renting each month for a decade will give you the OPTION to buy a house almost cash… the mortgage interest eats all the appreciation, but taxes on investments don’t eat all you’re interest income. Owning only pays off if you can afford the first half of the amortization and the cost of owning per month because less than the cost of renting per month.

@@AK-47ISTHEWAY whoa. That’s creepy. Did you confront him or her with the video of them doing this???

I mean it's called foreclosure if you don't make your payment so it technically the same

@@rafaelw8115 I was a good tenant. Paid on time with no problems. I mentioned it in my post to say that owning a home (which I now do) protects a person from a situation of lease non renewal and scrambling to find a place to live. Being a homeowner is hands down a better situation.

The psychological benefit of living in a paid off house that is renovated exactly to your taste is immesurable. I can loose my job, no problem. If I get sick, just chill. You can't live in an ETF or a stock.

@@gerritroe5 True, but that's not entirely accurate. Can you really lose your job no problem and still pay for taxes, insurance, routine and major unplanned maintenance? Also, that "psychological benefit" will quickly go away as you age. Once you're a certain age, your paid-off house can easily become a psychological burden. My father got to the point where he lost the ability to do and oversee maintenance, understand how expensive things were, and could not understand why his children could not immediately drop everything to run over and complete major repairs. My 85-year-old widowed sister has lost the ability to make an intelligent decision about anything regarding maintenance or insurance, and is totally dependent on others to make those decisions for her. For both of them, living in their own home caused them far far more stress and anxiety that simply living n a senior apartment.

$3k/mo of my paychecks direct deposit into brokerage accounts that I've set to auto-invest or DCA (dollar cost average) daily into assets of my choice. It's become very easy and effortless with today's financial tech.

Yeah the mental discipline to save and invest the difference end up being difficult to most people.

This is the biggest item in our current world with short-term jobs and two parent working households. Locking yourself down to a specific location severely limits your ability to change jobs, and selling a house and buying a new one burns 10% of the value of the house in transfer costs. Buy a house because you really want to settle there, and really want to make it your own place. That's the only reason to buy. You're not saving money or putting your money in an "investment." It's a place to live and call your own- which is awesome in its own right.

@@CliftonHamilton I think you hit on an important perspective. Do you focus your life around maximizing your earning potential, or put down roots in a community where you have family ties, friends, overall the kind of support systems that can make your life easier and more enjoyable?

@abcd108923 Like another commenter you imply that you can just pick up and go from a rental. But most landlords require a 1 year lease and you either cannot break the lease early or you are penalized heavily for doing so. So unless you time things right you don't really have the flexibility you imply.

I am in CA, and typically for lease break the penalty is 2 months rent. Let say, your rent is 3k, so 6k as penalty. Companies pay a considerable relocation bonus to account for that (in the order of 20k or similar, though taxable), which is more than enough to compensate for penalties. Some landlords are also lenient enough for a lease transfer (with less charges) if I can supply a new tenant. However, I am talking about tech industry, which is considerably good paying in US.

if you might not want to stay in a house then sure dont buy yet, but thats not apples to oranges.

I've rented for 20 years and never had to "deal" with a landlord. What are you talking about? I pay rent, they fix things. I never see them otherwise. You make it sound as if it having a landlord is such a hastle, like they are always bothering you?

I bought mine in 2011. I paid $135,000. It is now worth about $635,000. I have put in new flooring, painted & added quartz countertops. It was still the smartest thing I have ever done. I have a roommate who pays close to the payment - how can you not say this was a smart investment?

This is in Scottsdale, Arizona🌵😎

Taxes in New York, Illinois, and California...Yikes!!! 😬 NO THANKS!!! 👍😉

​@@la_baby_khalil7703that's why I'm trying to leave ny

I love owning my own home. My friend bought 10 houses for his retirement income in 2007. I have had rentals for 20 years. He paid around 200k for each putting 10% down. In 2009 he told me he was letting them go back to the bank. I told him I wouldn't do it as there all rented who cares what there worth. Today there all worth more than 500k. No one knows the top or bottom of the market.

You did not listen and look at chiller’s economist done extensive research to show you prove to u real estate one hundred years from 1915 to 2015 only goes up 0.6% (after about 2.x% per year inflation so RE is only slightly better than this a bit) and you need to pay me another multimillionaire using mathematics prove to you with 200 years history as a track record to prove to you that S&P stock market gives the best return from 7 to 10% a year, way better than real estate, gold, silver oil, us treasuries and anything else, this is why the wood smartest richest investor genius Warren Buffett hates real estate and look at his action. He only invest more than 30 billion dollars to happy business like Coca-Cola, Dairy Queen fast food happy meal happy drink, banks and apple stocks Billy never invest more than $2 billion buy 2000 pound units if each worth 1 million with San Francisco, California rent control and all the law against you landlords, and during pandemic politician, make rent moratorium laws always help tenants to attack landlord so tenants do not have to pay rent three years and make eviction moratorium so you have to hire teams of lawyers babysit the tenants and suit them in court to evict them and get three years rent back that is waste of n yrs court is slow and painful time, this is not happy business so Warren buffer hates RE invest , again you need to pay me to educate you to make you smart and Warren Buffett real world investing genius why you do not listen to the genius in the world is Mr. Warren Buffett why you pay too much attention listen to too many UKposts real estate agent get rich broker, bullshit scammer get rich ask you to subscribe only tell you the good side about real estate but it’s down all about mathematics science logic, and 100 to 200 years in America best return investment history always show you real estate is very slow growth and stock. Market is the best return better than oil, gold silver everything else you need to pay me to educate you or at search my rich friends video “ random teach sand floor RE scammer fake guru”! And don’t forget the most important in the world is laws, you got to know the real estate law and IRS tax law are all written against real estate, investors or landlords look at California, Oregon, New York State, or have a rent control laws and as I said above three years they make the rent moratorium and eviction moratorium loss always help the tenant never help the property, owner or landlord or investor. Do not have to pay three years property tax or insurance or mortgage three years so now you know who make those laws help whom now you need to pay me to educate you to make you smack and do not listen to too many suddenly get rich real estate UKpostsr bullshit always tell you how to use real estate get rich in those couple years you look at 100 years as a track records! Because she is the basic housing. Everybody needs some politician always make loss to ensure help the tenants. Make sure everybody able to afford to a shelter that means your rents cannot go up tons of law against you as a landlord or investor. That’s why you have to pay million dollar to lunch with Warren Buffett to pick your brain and he said stop looking at the beautiful girls or big TALL HANDSOME (f u stupid liberals brainwashed the girl become stupid or stupefy the girls told them the best quality man to look for Mary or day is the tour. The height is most important. Why the conservative always asked to go always look at the power home soft problem or money, making skills like Mary ugly short alien, like poor back then Jack Ma with him then you later you become the first lady in the business field in China after he become richest man in China then everybody or don’t laughing at you in the beginning they said, how can you marry a ugly short alien with ugly short, alien, poor man what a shame but she doesn’t care she always believe always marry someone with the top ring and top money making or leadership skills always go with the brains don’t care about tall and handsome and big tall because those are the liberal control the media want girls to focus on the tall handsome big man lol stupefy them😂) or enjoy the crazy rich luxury expensive food bc all of these don’t matter, not worth $1 million you pay me, you pay me to lunch with me because you want to ask. Tough question how do you invest your hundred million dollar earned 10% a year so you earn $10 million in return so you spend $1 million lunch with me and get $10 million per year. Return is worth that investment lunch with me or hang out or be friends with the genius or better yet for a beautiful young virgin girls you can marry the rich, smart, honest the best quality man provide you so much that is smart, conservative, superwoman, smart girl, best choice in life that is the opposite of the liberal want to fight the girls ask them empowering woman families you can do whatever men can do so focus on Korea make your living do not reach and you do not meet a man so you become me old woman without baby no marriage all along by yourself even you make Mandala you don’t have any family or kids or husband to share. Life is so boring or your first egg. Suddenly PG&E lose power. Your egg will become bad so you crying and looking around even liberal top woman, Nancy Pelosi, Hillary, Clinton, and vice president Kamala, they all Mary rich man, smart man they never said feminist do not need men and focus on career do not get married have no children now you see they all marry, they becoming rich because they’re married to smart rich man that’s why every smart people hate liberal liars only follow the conservative they live in God the God give all the power to the man and created the first man name Adam and let the man control the universe, but God one man control the earth all can be boring, so God create woman using men’s body parts and told her that her job is to support. Their men is the main character female is a supporting actor only you be a good girl be a young virgin, with all other man only sleep with your future husband and help work with him, making him be successful, powerful and then your husband will give you all the power to you so you have to be a good girl not slipping around obey or at least cooperate with your man walk with your man make your man successful and then he will give you all the power, so God give all the power to men and men give the power to the beloved wife, or family woman only if she contribute so much help the man success,! Look at Nancy Pelosi, vice president Kamala Harris, Dianne Feinstein almost all this powerful woman do not work, hard, make their money and power by themselves. Mostly they marry the rich, smart man, and they love and respect their men, and they have children instead of feminists said we do not need men, we hate men ha ha you listen to those liberals doctrines you become stupid. I teach you more than how to become rich, and also teach you about invest A2Z including family, or how do universe works and make sure you must know the rental law and the IRS tax law are written against the investor because IRS tax law said it takes 27 1/2 to 39 years to slow to depreciate only part of the real estate total value that is the improvement part only the land value cannot depreciate so you lose about 25% to 40% begin with in real estate! Nobody is above the law, so you got to pay me to teach you the real estate, rental law, and IRS tax law has many secrets written against landlord only the wisdom man can see! Other dumb people cannot see😅

Remember, your mortgage free, but not tax free or opportunity cost free

@@tango4ever244 You'll have plenty of opportunities if you're house is free and clear. I am not as liquid as I'd like to be. But because of my rentals I have very good monthly income.

Friends said their NVDA, AMD, TESLA, AAPL, ETC GOOD STOCKS GO UP 3X OR 4X within last 3 yrs, YOUR TENANTS DID NOT PAY RENT 3+ YRS and how much your RENTAL INCOME EARN (if pay NO RENTS 3 YRS PLUS all RENTAL LAWS/EVICTION/RENT MORATORIUM LAWS ALL ARE WRITTEN AGAINST LL/RE INVESTORS, NOBODY IS ABOVE MR. LAWS, DID U WATCH "Random Teach, sand floor, RE FAKE GURU/CROOKS LIE TO STUPEFY YOU" video? b/c the REAL RICH SMART, HONEST PEOPLE USUALLY DO NOT WASTE TIME TO MAKE VIDEO TEACH OTHERS HOW TO GET RICH=why teach others be also rich/smart like THEMSELVES=U CREATE MORE COMPETITORS, only the FAKE RICH GURUS TEACH U HOW TO GET RICH THEN MILLIONS OF STUPID PPL SUBS AND THEY MAKE $M FROM YT ADVERTISE $... SO IT'S A WONDERFUL TO BORN TO BE A a)young, b)pretty, c)virgin; d)submissive/at least COOPERATIVE/SUPPORTIVE girl then u can marry the RICH, SMART, HONEST, FUNNY, KIND, THE BEST QUALITY HIGH VALUE MAN (H.V.M) b/c Asians 5k yrs Chinese wisdom men always TEACH THE H.V.M ALWAYS ONLY LOVE TO MARRY A)-d) esp virgin=nobody f her=so purify=give u no FAMILY SHAME so your kids also carry the purity saint-like virgin-Mary (Jesus's mom) bloodline... the worst is the girl u marry is sl*t or hoe 304 then ppl laugh at u behind said "u grad from MIT/YALE/STANFORD/UCB with PhD, the society TOP ELITE 10% smartest, richest, best H.V.M, we think u r on top class but sh*t, u give her best mansion/house, cars, best everything in life but she GIVES U A USED 100K ABUSED ENGINE with many big, tall, handsome ex-ex-ex bf f her 100k miles piston-action, many bf f her never have to buy a house/cars/gold, we don't want to marry that b*tch hoe, u knee down beg her marry u, your kids will also carry the sl*tty 304 hoe bloodline, what a SHAME, ppl are laughing behind you're so stupid marry someone many ex-bf f her for free that they do not WANT, that's why v girl is so important like BRUCE LEE'S MOVIE 'ENTER the dragon', his sister would even COMMIT SUICIDE (use glass cut herself) to keep her virginity instead of let white men try to rape her; Asian 5k yrs teaching the value of H.V.W is virginity top quality=v means SHE REJECTS ALL OTHER MEN & only sleep with future husband make him feel SO PROUD achieve the best other men CANNOT!"... Warren Buffett always admire life is WONDERFUL BORN TO BE A VIRGIN,YOUNG, BEAUTIFUL & also COOPERATIVE/SUBMISSIVE/SUPPORTIVE GAL (b/c most men esp American men now sings "American girls stay away from me from "American Beauty" movie, they marry OVERSEA gals w/ SUBMISSIVE/COOPERATIVE/OBEDIENT good v gal not f around like the USA gals or even worst today NEWS REPORTS ANOTHER USA WOMAN SUE NYC MAYOR 30 yrs ago sexual bs harassment like Donald Trump or Supreme court judge Kevinaugh 36 yrs LATER STILL RUIN MAN'S CAREER + life=USA has HATE-MAN CULTURE, it costs NOTHING FOR WOMAN RANDOMLY SUE MAN look at Johnny Deep or Bill Gates loss $100B when wife only say 1 sentence like "I file divorce #@!", U CANNOT 1)tell WIFE STOP BECOME FAT LIKE A BLOON LOL; 2)STAY V DON'T F AROUND UNTIL MARRY U; 3)THERE'S NO INSURANCE FOR MARRIAGE=80% of divorce was INITIATED 1ST BY WOMAN means 80% OF YOUR LIFE IS CONTROLLED BY WIFE so only STUPID, POOR, useless or low-self esteem SIMP MEN WOULD MARRY & forgive she-is-not-a-v u still ok & marry her?! Andrew Tate edu ppl that BIBLE SAID God Created 1st man Adam put all power in MAN TO CONTROL THE EARTH, NOT WOMAN, so man is the boss, why can u let woman boss around u stupid sims, no wonder gals don't look u up when u don't reject bad 304. So it's wonderful born to be a girl, pretty, young, virgin, cooperative so she can marry the rich, smart, honest, funny best H.V.M, but we're man & cannot marry rich, smart, HVM, so he has to SPEND $30B BUY APPLE STOCK BE PART OF GREAT MAN'S CO. when 2 co. merged or buy part of the superman's co. is similar to MARRIAGE=we've to SPEND $30B JUST BUY/OWN 10% OR so of superman's APPLE/BANKS/COKE STOCKS LIKE MARRY SUPERMAN GET RICH TOGETHER HAVE FOREVER LIFETIME DIVIDENDS AND PAY 0%-20% TAX vs R.E ALL RENTAL INCOME IS TAXED 2ND HIGHEST TAX like ordinary income=IRS TAX LAW SAID SO=U NEED TO PAY ME EDU U... THE REAL RICH DON'T TEACH OTHERS GET RICH FOR FREE, so either 1)BE A YOUNG, PRETTY, V, SUBMISSIVE/SUPPORTIVE/OBEDIENT/CONTRIBUTING good girl that ALMOST EVERY SMART RICH HONEST H.V.M wants=it's FREE TO MARRY THE RICH, marry rich or poor, smart or stupid it ALL COSTS THE SAME, so it's wonderful born to be a)-d) gals marry superman get his BEST DNA & superman pass LIFELONG LESSONS MENTORING & PASS HIS EMPIRE TO OFFSPRING=U CANNOT TAX SUPERMAN'S EDUCATION & BRAIN POWER (cannot tax BEST DNA GENES & SMART IQ ideas/mentor substances)... or 2)spend $30B or big $ buy portion of superman's biz=merger like marriage but it will cost u $big$ to JOIN SUPERMAN vs marry him FOR NEARLY FREE; 3)the REAL RICH ONLY TEACH THEIR OWN KIDS/WIFE or 4)PAID STUDENTS that's why u need to pay $ let the rich edu u or marry him so he only teaches his bloodline kids how to make $, pay LESS TAX=KEEP MORE $; invest in STOCKS IS BETTER THAN IN GOLD, SILVER, REAL ESTATE, BOND, A-Z with 200 yrs history superman mentor u change your stupid life... DO NOT LISTEN TO MANY 99% OF YT SCAMMERS TELL U RE ALWAYS GO UP OR LAST 15 YRS MAKE U RICH=WHATEVER GOES UP MUST COME DOWN (Wall street quote), later u loss $ become HOMELESS then REALIZE R.E. IS 1 OF THE WORST B/C ALL OTHER BIZ IS 100% DEPRECIATE 1-5 yrs vs 27.5-39 yrs TOO SLOW=PUNISH U PAY MORE TAX; 1yr write off=offset ALL INCOME=PAY LESS TAX, takes 39yrs DEPR means U CANNOT OFFSET MORE INCOME=U PAY MORE TAX=IRS TAX LAW PUNISH U INVEST IN R.E., u need to watch "random teach sand floor' or pay $ lunch w/ Buffett/we the real RICH,SMART HONEST IS RARE to find; In short: TENANTS DIDN'T PAY RENT 3+ YRS, THERE IS NO LAW help LL stop pay mortgage, property tax 3 yrs=so HOW MUCH YOUR RENTAL INCOME MAKE OR R.E. GOES UP 200% IF LOSS 3YRS OF RENT & NEED TO HIRE COSTLY LAWYER TO EVICT THEM IN COURT DRAG U 1-2 YRS? vs. invest in AMD, TESLA, NVIDA,FB 3 yrs go up to 400% without ANY WORK & sell stock pays only 0%-20% tax (most is 0% tax) so the IRS TAX LAW FAVORS THE STOCK INVESTOR as Buffett said He only pays 17% tax lower than LL b/c all RENTAL INCOME IS TAX AS ORDINARY INCOME=1 of HIGHEST tax! KNOW MR. LAWS=NOBODY IS ABOVE THE LAWS, even IRS TAX LAW & RENTAL LAWS ARE AGAINST LL. SUMMARY: R.E EVERY 19 YRS REPLACE NEW ROOF cost big$; every 8 yrs RE-PAINT house; every n yrs replace toilet, pipe leak, TORNADOR, FLOOD, SNOW DESTROY homes, bye stupid only look at last 5-15 yrs RE make u rich but ZOOM OUT 200 YRS RE ONLY GOES UP 2-3%/yr. STUPID CANNOT BE TAUGHT, WISDOM IS MORE IMPORTANT THAN MIT/YALE/HARVARD phD as Einstein said so "Imagination/WISDOM is more important than EDUCATION". U need to pay $ lunch w/ superman. History always REPEAT b/c stupid ppl won't listen & watch 2008 RE NINJA LOAN=SOME PPL SHOULDN'T BE R.E vs now EVERYBODY YT BS SAID BUY R.E., look at the KING OF R.E WOULD BE DONALD TRUMP BUT STILL TAKES 75 yrs to earn his $5B or so vs AMZON/TESLA/FB/GOOGLE/NVDA earn their world richest $100B within 15-25yrs & STOCK LTCG cap tain

Then you made very poor investments in real estate. And 'the bottom line. You had opportunities to buy on the cheap and make a profit. 90% of million airs are from real estate

Nicely done! That's the way to do it, imo.

@@AK-47ISTHEWAY i am refering to the vast majority of homeowners who dont do that

I’d love to see your math on this cost analysis because you seem to be excluding the rent you paid in those same 5 years for a similar property with annual rent increases. With that kind of mindset I need to find rental properties for people who think that way.

@@stoicmaster871 most studies suggest you need to live in a home for at least 4 years to come out ahead. Renting is more expensive in most markets but I do agree with you that you are able to move about more freely.