I Would Not Buy a House in 2025
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how many of us would not buy their current house for today’s prices? Mine has doubled and it is not worth that price.
Mine has doubled but I would buy it again if I could afford it because in 10 more years it will likely double again.
Property taxes go up and they raise the rent… is my current problem
And matching others rates even if their costs stay the same. If rent was fixed that would be one thing to consider but we know it’s not.
I would agree. This is where he gets it wrong. He is under the assumption land lords don’t pass on the costs when they most certainly do.
Same brother, same…..
We think that’s what happened, and it’s not completely wrong, but it’s also not completely right. Rental housing is a different market, landlord can raise their rents to match their cost, but if people ain’t willing to pay that price, there’s no rental income at all.
Rent control always actually raises rents for new tenants.
He talk like rent don’t go up
Spoken like a true landlord
And you know every single landlord is jacking up prices to match “market rate” which would end up being higher than a mortgage anyway. We need to make housing affordable again. It should not be only the rich owning homes.
unfortunately most landlords don’t actually fix the issues 😅 (have been renting for 8 years)
there’s tenant laws and courts .. try them
If taxes or insurance goes up, so does your rent. Also you need to find a landlord who will actually fix things that break, which is hard to find and often comes with higher rent from our experience
This is wild. Your rent will always go up to meet not only the landlords extra costs but to meet market value. When you buy you lock in the cost of the house. Even if the interest rate is bad you can refinance down the road. Mary the house, date the rate. Rent is for short term.
My rent has not raised in 3 years.
Most apartments in major urban areas are cash flow negative, the owner is losing money to bet on long-term appreciation.
@@Speedy_Sneedyeven then you can buy a house today at 300,000 or wait 5-10 and pay 5-600,000
Not true bro I’m renting house for 4200$ and owners mortgage is 4500 plus pool and landscaping is on him it depends it’s not always true…
Do you own a house?
If something breaks they pay for it… IF they pay for it
Good idea till your landlord decides to kick you out because they end up selling the house. Now you dont have a home. True story, happened to my parents. They own now
Easy to say when you own a bunch of properties and you want people to stay renting.
Agreed. I know from previous videos he has a ton of tenants
@@AndrewCortesi He also has a bunch of long term tenants that are still paying the same rent price that they were paying 5+ years ago too.
Owning a home is exhausting, 2k+ on a mortgage plus having to pay for everything that breaks at any given point in time gets expensive.
@@alexnewsome5111understood but we all know that renting is not a solution for long term. Most of his properties he also owned pre-pandemic or bought when rates were ridiculously low. I imagine between YouTube and other investments he’s probably insulated well enough to not raise rent for his long time tenants, but most owners are not that well insulated. Plus, you know once the tenants move out he will be raising the rents accordingly. You really want to own your home free and clear before you retire. In many cases if you have a 30 year loan then you want to buy before 30 years old if you plan to retire in your 50’s. Home prices are not showing any sign of dropping and neither are interest rates (at least not significantly). If you don’t own at least 1 property for personal residence you need to. It may not be a great time to buy investment property but personal use it’s always the right time.
@@alexnewsome5111 I agree current mortgage prices (interests rates) are insane but I still would 1,000% prefer my own home over renting. Been renting for 15 years and I’m beyond sick of it.
Why is it so hard to grasp this idea? He’s saying that he won’t buy a house in today’s housing market at 6.8% interest. He hasn’t bought a new property since 2020
Yeah, I’m investing until i can get the home i want. Dont rent, don’t own, and stay with family until you’re a real independent adult
Dang lil homie—YOU LOOK ROUGH AF 😳
As a renter you pay for all of that, however the average home or apartment for rent was bought much cheaper years ago, or doesn’t even have a mortgage and can be rented for cheaper than current prices of homes
This dude needs to get himeself a complete blood panel and CAT scan. He looks really really sick
Came from a landlord mount.
You’re a landlord man. You know if the interest and property taxes go up you’re raising the rent. And be honest, most landlords are raising the rent annually anyway.
My favorite part of renting is every year they raise the rent yet have done nothing. No new flooring, paint, appliances, nothing. Paying more for exactly what I had last year. Imagine leasing a car and every year of the lease they raised your payment just because and didn’t do any maintenance or anything. And rent is already inflated so I don’t want to hear about taxes or whatever raising every year.
Wait til the big crash
If property taxes go up or insurance goes up, they DON’T pay for it. I do when they raise my rent.
I rather pay a little over value for a property that I will own outright one day and no longer have a mortgage or pay someone else in rent, then to have more money in my pocket in the immediate. It’s called, “delayed gratification”
no. you pay for it. rent always goes up; they always pass costs to you
I think people don’t know much about real estate. Legally, a landlord can only raise rent so much to a tenant currently renting. If I’m not mistaken, when a tenant leaves and a new one enters is the only time they can jack up rates to current market. So if they haven’t been doing so they have to do it in incriments. State and city jurisdiction may vary. Also, some landlords may not even raise prices on their renters. Ive heard of that happening on occasion too. Of course renting at an apartment complex is wayyyy different than renting a house.