Why Warren Buffett WON’T Buy Real Estate!
Why Warren Buffett WON'T Buy Real Estate! – Add me on Instagram: GPStephan
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Im on your discord kinda sucks to get notified for a short.
That’s my num ber
βπππΉπΌβΒ±ππ΄ππ―π΅π¬π²π¬π―π΄π΅πΊπΈπΊπΈπΊπΈπΊπΈπΊπΈπΊπΈππΎππΎππΎππΎππΎππΎππΎππΎηζ§δΈζ―δΌ ζε¨ππ»Big thanksβ¦ππ
So you either pay more to rent so you canβt invest or you pay less but have to do maintenance so you canβt invest on a standard wage
You missed the entire point if the video
@@Diss0lv3what? The point is donβt buy real estate and to take into account what Warren Buffet says. Iβm pointing out the unrealistic ability people on 15/hr income having the capability of making the necessary room to invest, without being taught how to budget and sacrifice now for later. My point is thatβs a lot to expect of a person when we are so capable of making a mistake.
You don’t pay less with a mortgage anymore. Not unless you have at least 20% to put down which most people don’t even have 10%
@@kobimanhart-foss8457make more money then π€·ββοΈ
Well, you have the option of not working for 15/h and making things that makes more money, and you can also work more hours, and you can also reduce How much you spend, for example, work as an Uber driver can make u UP to 30 per hour, If you work a Lot, like 240 hours per month, you can make 7.2k per month, you try to live with 3k, you have 4.2, ofc, you Will have tΓ΄ work a Lot, but, in 5 tΓ΄ 10 years you Will have a Second salary without working, there is no easy way, but, If you want, Its possible .
real estate only here dont follow anyone
rent, cost sag, tax defer blow stocks out of the water but they dont tell you that
βπππΉπΌβΒ±ππ΄ππ―π΅π¬π²π¬π―π΄π΅πΊπΈπΊπΈπΊπΈπΊπΈπΊπΈπΊπΈππΎππΎππΎππΎππΎππΎππΎππΎηζ§δΈζ―δΌ ζε¨ππ»Big thanksβ¦
Thanks for the XAI70P update! I am loving my XAI70P!
Hahahahahahaha
Just saw your videos and bought XAI70P yesterday…..its up 24% today talk about timing……Thanks
I see XAI70P moving right along side all the Alt’s you mentioned! Plus I see all the Alt’s plus XAI70P moving in lock step in the charts! My point is XAI70P is cheap! Retail likes buying cheap! Especially when that cheap item is on the verge of becoming expensive
Bot
Point being, its said if you plan to live in an area for 5+ years, buy a home, otherwise, rent. Look towards other ways to invest long term. Soon commercial will fall, watching it happen. Hows you local mall doing?
I think he is saying that, so retail investors won’t leave the markets into another asset
That’s my num ber
βπππΉπΌβΒ±ππ΄ππ―π΅π¬π²π¬π―π΄π΅πΊπΈπΊπΈπΊπΈπΊπΈπΊπΈπΊπΈππΎππΎππΎππΎππΎππΎππΎππΎηζ§δΈζ―δΌ ζε¨ππ»Big thanksβ¦ππ
What makes you say that elaborate
As a landlord I agree. One problem with the boiler or roof and your profits are gone
Aw poor you π»
@@crispyhumanbaconwhat ? He did nothing wrong
@@crispyhumanbacondonβt worry. Thatβs when I raise rent and pass the cost to the tenant so I break even π.
@@brianvelasquez4376yeaβ¦. In a decade you better hope you go a decade plus without another maintenance issue.
Imagine buying $XAI97R coin now and checking back in December to see your $2K turn into $22K. Wild.
I have looked at rentals and when people donβt own something they fucking trash it like an immature adult.
Dont buy your home. Let me buy it and rent it to you.
Every professional landlord I know is 1 major problem away from being broke. The internet has ruined so many of you who think realty is path to riches…
β@@mrkang4080
Yea, Depends of your country and your town.
Every boomers who bought a house, holiday house at the beach, appartment in major city become rich today.
Every people I know who do Airbnb in 2010-2020 before any regulation become richer.
True. For newcomers, buying your first house become very hard.
It’s like monopoly games. Sooner you bought your house, cheaper it is.
2 major rules buying:
the location.
Never ever buy a house who cost more than 1/3 of all your incomes by month.
Exactly. This sounds like a way to convince people not to own.
The majority of people that will own a home don’t do it for investment purposes. A home you own is yours to live in without having to pay someone else rent. So you have that security in your older years,
The house you own is a liability not an asset. It generates 0 income while you are living in it. Sure you could rent a room out to someone but If something needs fixing then it’s on you to fix it.
Well you do still pay rent to the govt with property taxes. And the proof that it’s a rent is that if you don’t pay it, you’ll get repossessed / evicted, meaning you never owned it in the first place…
The only people who really own their own are the ones who own the land in allodium (a few native tribes basically… and I think Harvard because historical advantages.
Just like every other market, you have to know what youre doing. Research research research. Ive flipped homes for 60k profit and thats where i like to stay at because the bigger the leap, the more headaches youll have
I need somewhere to live, Graham.
I donβt think heβs talking about homeownership, heβs talking about investment properties
@@GreenVelvetCreativethatβs the problem
On top of that, cost of production is dropping massively with newer and cheaper construction techniques like pre-fabrication or 3d printing.
Idk, a bought a duplex for 18k upfront including closing costs and down payment. My mortgage is 1400, I rent each 3bed apartment for 1600 (below market value) so it pays for the mortgage and I get 1800 cash flow before costs every month, for 3 years now, and my equity has gone up 100k+ in 4 years 2021-2025. My tenants are very low maintenance bc of thorough screening and discounted rent cost, they got a good deal so they leave me aloneβ¦ as for house maintenance hasnβt been bad at all and just do everything you can yourself and everything else, find an independent handyman, not a company that will rip you off. I donβt think I can make this type of money in stocks this fast with my limited capital
Depends on when you buyβ¦ we bought our house when rates were at their lowest in history. We got a new build, so repairs have been almost non existent. Weβd be spending 1500 more a month to rent the same size house. Weβve already seen a 40% return on our house in 5 years, hard to do that in the market.
I do think a factor that is missed with regards to housing is our aging population which will lead to population decline. Population decline will lead to a fall in housing prices. Mark my words
The difference is you can’t buy a stock with only 10-20% down