I'm 20. Is Buying A House Right Now A Smart Idea?

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Anthony calls Dave to see if buying a house is a smart idea for him.
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Опубликовано:

21 авг 2019

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Комментарии : 288

@MrNORTH20 4 года назад

“Renting isn’t wasting money, it’s buying patience.” PHENOMENAL.

@indypen7446 3 года назад

I needed to hear this rn in 2021

@Tigersfan829 4 года назад

You're paying $480 for rent and utilities dude, you're good for a while. Save up.

@bradkeselowskifan2943 4 года назад

Alex Dull no lie, he can save 20-24k a year since his schooling is paid for

@MrRapSick 4 года назад

loser mindset, a good ROI property will get him far if hes smart

@andyjarvis37 3 года назад

@@bradkeselowskifan2943 you cant spend less than 10,000 per year out of all expenses, thats literally impossible

@kevinrushing5667 4 года назад

Buy the house, rent out the rest of the rooms and live rent free. Then when you move, use the whole thing as a rent house. Having a rental house in a college town is usually a pretty decent investment and you can live rent free for 2 years.

@malakairisotti201 2 года назад

House hacking baby !!

@sabastianmclaurin6993 2 года назад

Don't trust strangers. Bad practice.

@gilberttakyi3265 4 месяца назад

@@sabastianmclaurin6993lol buy you trust strangers to take you around in Ubers and transportation?

@ChrisInvests 4 года назад

Better to keep saving money while enjoying low rent in my opinion, especially at that age 🤔👍

@graviity02 4 года назад

i'm 22 and saving money till I can get a secure 70k+ a year. (I'm debt free)

@BigEvan96 4 года назад

Yeah if you can find low rent.

@ChrisInvests 4 года назад

Shiver he does have a low rent payment that includes utilities

@ChrisInvests 4 года назад

Aldous Huxley that's awesome...keep it up 👍

@jacobswiney9977 4 года назад

For sure... dont be buying right before the credit bubble collapses

@truneilson 4 года назад

My friends bought a house in college and had roommates who covered the bills 100%. They just paid more to the principal and gained the equity for the 4 years.

@Noah-vj1gb 4 года назад

Do the deal! You can always rent out the house if worst comes to worst. All the people who say not to do it are the exact people who call into Ramsey asking if they can afford a house when they have debt either in cars, credit cards, and or everything else. At the end of the day it’s a learning situation which will serve you a lot more as you grow up. I’m 21 and bought my first rental in Bakersfield CA so don’t let these people hate on you.

@katelynvlogger 4 года назад

I bought a house at 19. Lived in one bedroom and rented out the rest. Had my entire morgage paid (so lived rent free). Saved up money for two years (since I didn’t have much to pay for living rent free), and am now selling my house making over 100,000 profit that I’m putting into building a house at 21. It is smart and very possible to do this at a young age. If this caller lives near a college, he will have no problem renting out bedrooms and having his morgage paid for while he himself lives rent free. Build equity and sell the house if you decide to move cities after graduation

@dexterm1285 4 года назад

A cheap home went up 100k in 2 years where is this place? California? If so no cheap homes in Ca going up that's fast.

@ssimon64 4 года назад

Home prices are on a bubble right now where I live, on the west coast. But the rest of the country maybe not.

@khaaliqlamb7022 4 года назад

I gross about 40k a yr I bought a duplex this year rent out one side and have a roommate on my side all my expenses are paid for I did that at 20 I'm 21 now. Parents helped with furniture so.

@pw5146 4 года назад

How did your house go up 100k in equity in 2 years?

@hope4humanity222 4 года назад

Sometimes getting a good roommate and living together is difficult to maintain. You have the relationship between the few people that has to go well and they have to abide by the house rules, etc., and sometimes will get you involved with their lives so that if they can't pay their rent, you'll have their excuse as to why, and have to decide whether to kick the friend out or not, and face more rent not being paid in the next month or having to find a new roommate. HAVING to depend on that is not a good idea imo, but not depending on it is okay. Hope that is understandable.

@MrsTediCole 4 года назад

Dave’s advice of waiting until you move is great!

@blackworldtraveler3711 4 года назад

Tedi Whelan That advice used to be common sense years ago. Somehow lost now.

@kunalabraham1665 4 года назад

You guys are lucky buying homes at 20 and 21. Almost impossible here in Toronto

@tanya292 4 года назад

At that age it's better to save money for the future and get a house after 25.

@benfehr86 4 года назад

I get a house at 18 why rent if you can buy if you buy a house the money you pay of on the house you will get it all back or more . I'm 22 now I have two single houses in a fourplex . sold three houses I made money each time

@tanya292 4 года назад

@@benfehr86 I think it's because most people can't be sure that the property's value will increase. I think you're the exception to the rule. Also at that age not having a place to tie you down allows for easy moving. To a different area or a city.

@YCCC2RICH 5 месяцев назад

@@benfehr86how do you have that much income to buy houses that young ?

@xeptur 2 месяца назад

@@YCCC2RICH fax I’m trying to do what he do,I’m over here trying to figure out the best way for starter home for me nd my girl on her grandmas land

@patrimill7 4 года назад

If the house is close to the university, he should buy it and after graduation rent it to future students...just my two cents.

@brittneyyoung1882 4 года назад

Smart!

@mattg2306 4 года назад

Patrice Miller Why? So the future students can trash it with frat parties? Bad idea in my book.

@Wildledroses 4 года назад

@@mattg2306 good point.

@brianmcg321 4 года назад

Renting to college students is a nightmare.

@edgehodl4832 4 года назад

Renting to college kids is huge liability, if anything happens on the property, u can be sued for millions by student's parents

@---cr8nw 3 года назад

The worst thing you can do at 20 years old is to limit your choices. At 20 years old, you can take any entry-level job that comes your way and work your way up to what you want to do with your life. As soon as you add responsibilities (a wife, kids, a car payment, a mortgage payment), you lose options. You get stuck doing what you hate because you can't afford the pay cut to learn something new. You get stuck in the town you're living in. Just make a plan. It can look different for everyone. For me, the plan was to buy a house by age 30 on a 30 year mortgage. No matter what else happens, I refuse to have a mortgage payment or a rent payment beyond 60 years old. I figure that will give me a solid shot at a comfortable retirement.

@Drie237 Год назад

Great advice, thank you.

@InvestingHustler 4 года назад

I would buy the house , rent out the basement. Also if u really want you can try to find roommates they’ll pretty much pay for your mortgage. I did that and now my house pays itself off and I make profit at the end of every month.

@RicardasV 4 года назад

I do the same!

@InvestingHustler 4 года назад

Ricardas Vukovas smart man !

@RicardasV 4 года назад

@@InvestingHustler I

@larrybud 4 года назад

He's a student. He doesn't have time to be a landlord.

@MD-ul3sd 4 года назад

I bought a house at 19..after I graduated from college.went to college during high school.married had a baby...all "before" 20 years old....great life never one regret...awesome earlier equity.

@richardcarlson8272 3 года назад

How? How much was the house how much money did your parents give u

@jellybeans9283 4 года назад

You wanna buy a house making 30,000 a year?! Wait, your time will come

@JoeyTheRossMan 4 года назад

It's possible man. With his rent and utilities being $480, his spending per year is likely only around $10-15k, leaving $15-20k in savings each year. That's enough after a few years to buy a small place and even rent it out as an investment. As Dave says, it's not about your income but about savings

@zach6639 4 года назад

buy a duplex , rent the other half, and live for free. building equity in your home. It's the best time

@iamdexture5147 4 года назад

Bought my first house 9 months ago at 24 Never paid out of pocket for my mortgage because I rent the other 2 bedrooms. Also I bought a house that I could afford with my sole income

@iamdexture5147 4 года назад

Making $35k a year btw

@ricardorodriguesrr18 2 года назад

@@whatarethose1323 we got so good here in the states and people are here complaining. But the things are unfortunately starting to change for worse.

@laneblount9888 3 года назад

I graduated trade school at 20 and worked full time and lived with my parents for almost a year to save up and bought a townhome at 21 and I love it. mine is brand new and the ones around it are almost 2 years old and have already gained value. I plan on renting it out once I build my next house

@givonteasmith8251 2 года назад

Can I talk to you? I am currently about to look into buying a townhome

@ozzy_fromhell Год назад

Nice you inspire me in 20 and I want to put 20k down on a house here in Southern California instead of buying a new car

@DanielIles 4 года назад

That sounds like an incredible deal in CA! I say take advantage of that and just SAVE

@AverageJoeInvestor 4 года назад

*GREAT VIDEO* | If it were me I would focus #1 on guaranteeing no student loan debt and #2 Invest as MUCH AS POSSIBLE until I know where I am going to be working after I graduate. The time value of money at age 20 is such that investing would be a GREAT decision. GREAT CALL! 😎👍🏻

@jojo-eb1ib 4 года назад

Wall Street wants people to lock their money up from 20 to 65. And that's OK if you don't know how to flip your own money.

@RichardDavisHackingLife 4 года назад

That’s good advice. He sounds sure of himself that he’s staying, but I thought the same and some completely unexpected events occurred and I ended up moving far away.

@Bluebird22200 4 года назад

I moved out my parents house paying 500 rent a month to buy a house on a 40k salary at 20. Even if he moves, he can turn it into a rental property. Dave is only looking at it one way.

@MrJPC2123 4 года назад

I like this one! I’m in the same boat but 5 years older. To have the patience to wait but while paying rent is not bad. I really don’t want to rush buying a house. Some people think I’m crazy to buy one in cash. Anything can happen.

@ROTMGFRO 4 года назад

I needed to hear this. Graduating soon and will most likely be moving. I can really relate to the call and situation. Great advice.

@marcom2092 4 года назад

I'm 20 I have no debt in anything and making solid money and buying a house is the least of my problems lol I feel like u should really focus on making as much money as possible and take advantage of living with your parents if u have a chance

@epicswirl 3 года назад

I was in this situation and bought a house for 265k this year after graduation (I’m 21). Put 15k down. I’m in tech so I make 60k+ and have a lot saved. If you’re making over 50k and have over 50k saved I say buy the house!

@nickythao3434 2 года назад

I make 30k after tax and I was able to get a condo in California putting 20% down in 2022. With a full time job, a part time job with the military reserves, and also a full time student I believe that my major in school was a mistake. I’m currently majoring in emergency management which only have available jobs in high disaster area unlike California. I feel like I will have to move to get a job in my degree. Do I regret buying the condo, no. I’m paying $980 in mortgage while rent is $1200 for a 1b 1bth

@epicswirl 2 года назад

@@nickythao3434 as long as you pay less than rent it’s a good deal. Have you thought about computer science? That’s my major. It’s diverse and the pay is great. You move close to $100k in 1-2 years.

@nickythao3434 2 года назад

@@epicswirl that was my first choice before joining the military but I realize that I want a job that helps people. Nothing like a cop but something to make a difference and help the public.

@epicswirl 2 года назад

@@nickythao3434 that’s a cool goal. Being a doctor is cool but takes forever

@ozzy_fromhell Год назад

@@nickythao3434 nice im 20 years old and make just a little over 50k and I want to put 20k down on house in Southern California and rent out the rooms individually but I’m still lost and don’t know how to get started your story is good help👍

@marcarrera4904 4 года назад

Save... buy when market is low and rent it out when don't live in it.

@douglasjarnagan3835 3 года назад

I know Maryville, TN. Got lost there once and didn't realize how close I was to Knoxville.

@gummybear8951 4 года назад

He would gain equity in the house and have roommates pay for the house, and he could always sell it. Gainesville in going up in price in the near future. It would ne a good investment for sure.

@yourfavoritejojo5235 4 года назад

I cant believe people get married so early.

@lefthanded5473 4 года назад

I know people in their 40s who haven't married anyone yet!

@geraldschlos2119 4 года назад

Ya wait till 40. And good luck finding a good guy

@Leviajohnson 4 года назад

I'm 22 and in Utah where I'm studying finance everyone is getting married before graduating. It's a religious thing. I just had to part with a great girlfriend because I couldn't force myself to get married so soon. I loved her, but it's financial suicide. She should listen to Dave's show.

@noahmoody1640 4 года назад

Levi Johnson I’m from Utah as well and agreed, people jump into marriage way too fast and those divorces ain’t cheap 😂😂😂

@benfehr86 4 года назад

I got married at 19 best decision I ever made

@rudysalas9138 4 года назад

$1700 for a 2 bedroom condo lease here in Cerritos, CA.

@drewjt50 4 года назад

I only come to the videos for the “better than I deserve” response but it never came....

@KB-sg7tv 4 года назад

$480 a month? Wow. That's unheard of here in CA. I'm renting a room for $1000 a month and have 3 roommates. Big house though. If I were him I would buy wherever he wants to live for the next few years.

@euenfheiejrj 4 года назад

D Lish you probably make more than 30k though.

@ThomasJames69420 4 года назад

500-600 a mo in oklahoma 850 for a really nice single bedroom right next to the city

@kkknotcool 4 года назад

375 studio with water included Iowa.

@euenfheiejrj 4 года назад

legen belcher what’s the salary though? From my experience the places that have higher salaries and higher rent.

@KB-sg7tv 4 года назад

@@kkknotcool That's shocking to me , almost unbelievable but I do believe you.

@SleepyDan 4 года назад

A 1 bedroom apartment where I live is $400k minimum, I'll never afford a house 😭

@gavinhanson9213 4 года назад

You can move anywhere you want in this world.

@SleepyDan 4 года назад

Nah sorry, Vancouver is one of the best cities in the world, I'll make it somehow :)

@SleepyDan 4 года назад

@Noah Hastings if you have to move to make money, you're a loser and you just got owned

@carlkpsplucky5554 3 года назад

Sleepy Dan lol, 400k can easily get you a nice house down here in Maryland. Your the loser. Enjoy bringing ladies back to your 1 bd apartment.

@SleepyDan 3 года назад

@@carlkpsplucky5554 Why would I want to move out of literally the best city in the world?

@serenabell1971 4 года назад

Anthony! UNG Alumni here!!!

@FleaRHCP36 4 года назад

serenabell1971 I was pretty excited when I heard UNG as well! As soon as he asked where it was, I screamed DAHLONEGA!

@vaneymarcoslara 2 месяца назад

😮‍💨 the appreciation had he bought it

@dmitryhunter3239 4 года назад

I’m from Gainesville, Ga. and I think Dave is right on this one. The market is terrible right now to buy a home in the area, I rent as well and I think that’s the best move till you have your degree and make your next move.

@ohFUTURED 4 года назад

In London, this question would never come about.

@adamguymon7096 4 года назад

One thing to not forget is the fact that you said that when you graduate you will have to pay back these loans. If I was you I would not buy a home and put the money towards your education and put that aside so when you do graduate you can get some of those student loans paid off. By doing that you won't be in death and you can still put some money aside for a home once you graduated because if your mind that dust sayings or you got a better offer in another city you won't be tied into a home. Any of your education costs will cost you a lot in the future get that stuff paid off ASAP!

@Mouthwashh 4 года назад

Good ear, when I heard that I was thinking his school was fully paid off (parents or a full ride) but after listening a second time, he does indeed have to pay his loans back. I wonder if Dave heard that? Those loans would be my top priority!

@bjorn3923 4 года назад

Say what you want some of these kids are really ambitious.. at least in their intentions

@kyleerickson8691 4 года назад

I'm kinda at the same place. 22 making 50k a year. No debt, 40k in the bank, no plans on moving cities. I just want to get my car payed off and sometime after that move out. Personally I think renting seems like a much worse option especially since no affordable apartments by me include a garage which is important to me.

@DH-uw3us 4 года назад

With 40k in the bank, can you pay off your car?

@kyleerickson8691 4 года назад

@@DH-uw3us I will it's a lease but I'm buying it when the lease is up. In the mean time I have that money invested.

@epicswirl 2 года назад

@@kyleerickson8691 I was in a similar position I was 20 with 100k invested making 60k+ as a SWE. I decided to build the house for 265k $1200 a month. If it’s what you want and you have the salary, go for it.

@Xen0gears515 4 года назад

yeah, I would rather save money now and make the decision after you graduate and find a new job

@r8motorsports113 3 года назад

Rent for apartment 1br 1600 Home 3 bedrooms 1200

@dennislee2922 Год назад

What about renting that house out to tenants and pay off the mortgage with the rent collected. Move to where the new job is and rent an apartment while saving up for another house?

@briancross6620 4 года назад

Working In the Maryville Alcoa area right now lol

@matthewbartke4424 4 года назад

You buy a house, find out there are immediate issues with it that cost $10,000 to fix...yeah I agree with Dave on this one for his reasons and the fact that a house is good at throwing you expensive curve balls.

@capnskiddies 4 года назад

Absolutely they do. The smallest thing will hit you for 1000. A washing machine

@KieranMullen 4 года назад

Why 15 year? Take the 30 and pay extra if you can. Less if you need to.

@senyforever 4 года назад

All these house questions/answers are in middle of America. Simple life.

@christranhomes 2 года назад

If that town is growing and school is good, and you have the money I'd say buy right now b/c like in Athens, Atlanta area the real estate has boomed & those people have made $10k-$100k from equity from the property

@brentkillian 4 года назад

Love Maryville. Beautiful city

@illegalalien6542 4 года назад

I swear I will never understand this house fever that everyone else seems to get caught up in.

@Defy_Convention 4 года назад

Same with baby fever, raising a kid is far more work than fun imo.

@randommob2806 4 года назад

Right now I’m hit with this idea to buy a house in Greece while I’m studying abroad there for 4-6 years. I figure I can rent it out/ Air BnB it and still have a summer home when I wanna come back. But it feels like a compelling force rather than a logical conclusion... I’m not sure why I feel it so strongly.

@duce7 4 года назад

It all depends on the market and what professionals you are working with to ensure you get a good deal. You can always sell it when its time to move or hold on to it. Investing in Real Estate is always a good idea.

@DH-uw3us 4 года назад

Its not always easy to sell.

@fulinaround 10 месяцев назад

Tell that to the people that had under water mortgages in 2008

@cstickles 2 года назад

So maybe I need hone in on an area that is more affordable…looking for idea and praying to God that other dealers would also be willing to buy my vehicle outright or should i just go back to them so that I don’t lose out on the offer they made?…

@whall5477 4 года назад

Hasn't anyone heard that the housing prices are inflated ....wait he wants a mortgage, never mind. I'm paying cash for a house. So I'm waiting for this bubble to pop. WSJ reported two days that lending practices are going to back to being just as lax as pre-08, and we now have a higher mortage debt than pre-08. Something is bound to happen. House prices are 50- 80, even 120 percent higher than they were four to five years ago.

@BigEvan96 4 года назад

So another housing bubble bursting?

@tripleekitchen...6676 4 года назад

Can you afford to pay for the whole mortgage or you've to depend on someone to rent to afford your mortgage? How much downpayment you have?

@DH-uw3us 4 года назад

Right. He didn't ask him all the questions he usually asks.

@tripleekitchen...6676 4 года назад

The only way I can afford a house is only if I move out of NYC or if I stay in NYC, I'll definitely have to win the lottery. If I go out of state, I can buy a house cash but I am waiting for my kids to get older because they don't want to move away from their father.. I am renting,it's better for me for now. Cheaper. Owning a house comes with lots of responsibilities. Renting only comes with internet and electricity.. Renting and saving works for me.

@paulstandaert2042 4 года назад

I was 21 years old when I did it. But I was working on the assumption that my college education would get me something, which it did not. It really limits the options you have in life while you're paying on the darn thing. Fast forward 16 years of patience, and I only have about 2.5 more years to pay on the thing. I should have it paid up by age 40.

@leeyah3696 2 года назад

What if you’re 23, make 40k and have 15k saved to buy a condo or townhome. Should I buy? Interest rates are slowly squeezing my out, but I am still opwn

@MRiJoosH 4 года назад

Surly renting is just as bad as paying interest?

@mikeyperez2167 2 года назад

Im in the same situation, im 20 years old and in college will graduate 2021 for building construction, have a job in my field, and had thoughts on a duplex and rent out the other half pay that mortgage out of my pocket while gaining money for utilities from the renting and make a little profit on top of working in the construction field i just wanted your thought on that situation

@mikeyperez2167 2 года назад

Wont be buying till after college and another year out working

@TiktokTownhall 4 года назад

Dnt do it, simple

@30minforasn 4 года назад

Man these google ad is so freaking annoying. Especially the one with the lady singing or yelling. Geesh.

@joellopez5897 4 года назад

Interesting videos. I’m 21, buying a house. I make 40k a year. Buying a house for 125k

@mikel7800 4 года назад

According to Dave Ramsey's principles of buying a house.... You have $35,000 more house than you can afford based on your income. He recommends a house payment no more than 15% of your annual take home pay on a 15 year fixed rate mortgage. When you start to get over that you become house poor.

@joellopez5897 4 года назад

Mike L I am a bit off but that mortgage is only for 80k, I have a 40k down payment. But i strayed a bit and got a 30 year Not 15

@richardcarlson8272 3 года назад

@@mikel7800 Dave says no more than 25% not 15

@richardcarlson8272 3 года назад

What was your job that paid u 40k at 21 and how many hours a week did you work? Also u saved up 40k plus by 21

@murfrossoneri2005 Год назад

Mfs really expect you to buy a 400,000k house at 30 whilst getting paid 10 - 15 an hr 😅

@imhuy95 4 года назад

2:53. Anyone else see Stewie on the wall?

@OscarMartinez817 4 года назад

Better to use that extra down payment money to invest into yourself first to learn a new skill that can make you more money. Then later on buy whatever house you want. 🤔

@mariaangelabenitez9881 2 года назад

I’m 20 years old and I desire to buy land and build my dream home.

@zxcvbnmmasdfghjkl 4 года назад

Ok I’m 28 have about 60K saved, make 80k and I’m thinking about purchasing a home. Would it better to put 5% down vs 20% for a better home?

@BitMicrobe 4 года назад

If you have no other debt go your bank and do in house loan which typically can go up to 20 years, but can be less. Im using my bank as an example. Do the loan in house for 20 years, 20% down. Make sure your credit is good. Open up a checking account to have your payment set up automatically. Pay extra towards the principal if your income allows it. Pay that thing off early. Rent out rooms if you have to.

@cali-sun7727 3 года назад

If you move hire a rental company to rent out

@kaseycentanni753 4 года назад

why not buy and if you need to move after college rent it out ?

@marcarrera4904 4 года назад

Or sale it.... if he moves far and cant maintain it. But the way the houses are high right now probably not a great time to buy?

@theshinythings123 4 года назад

I used to think that but the more I research about real estate you have to buy the house as an investment initially or there's a possibility you could rent it out and lose money after accounting for expenses.

@ElijahHunter77 4 года назад

Mean average age for marriage among med was 27 and among women was 26 in the US in the 2010s. So, Bro. Dave, marriage is not a likely even for young adults age 20-25.😉😉😉

@mochopz 3 года назад

Buy a House and rent out the other rooms.

@calvinraab8798 4 года назад

First let the dust settle and figure out where you are going to end up

@bubbles1978 4 года назад

What’s the rush?

@Tylirious 3 года назад

He’s about to graduate

@ash4160 3 года назад

With this pandemic, hope he waited

@emc6608 4 года назад

Got my house at 23 best thing I ever did

@BigEvan96 4 года назад

You pay for it yourself?

@emc6608 4 года назад

@@BigEvan96 saved up down payment of 43 grand for a 185 000 home thanks to dave it's almost paid off

@emc6608 4 года назад

I also work 2 jobs right now and put extra to house payments

@BigEvan96 4 года назад

@@emc6608 Nice. Good for you.

@outdoorsnevada4138 Год назад

Buy in your 30s. Then home is paid off in your 50s or early 60s. Your income most times will be at its highest in your late 30s and onwards.

@ALXSSA 4 года назад

Or move back in with parents and save for a house when you graduate 🤷🏾‍♀️? Maybe ppl will disagree with me but i would do that

@getbuckets5718 4 года назад

You can do that as long as you arent staying there for like 3 plus years

@mle011 4 года назад

Not always possible- his parents may live in some super rural area that has no finance job prospects. He has to move where there’s going to be a job for him post-graduation, and it may not be in his parents’ area.

@DH-uw3us 4 года назад

I think he should wait to buy a house until he gets his career. Then he will know how much he'll be making and can see how much house he can afford.

@Boxhead42 4 года назад

No, I disagree. We, parents, are sick and tired of having to take care of all you ungrateful brats. I left home when I was 17, it made a real man out of me.

@richardcarlson8272 3 года назад

@@Boxhead42 if you’re a parent then u r a horrible one

@Johndoe-us8ob 4 года назад

How to know if a house will increase in value?

@getbuckets5718 4 года назад

Houses always increase in value its a given

@fatso548 4 года назад

get buckets Detroit....

@artielarengano9287 2 года назад

Why can’t you just rent out your house and live somewhere else?

@riseofalcatraz4796 4 года назад

What if im already in the city I want to live forever? Why should i loose the money renting instead of investing it in a house...

@tripleekitchen...6676 4 года назад

Some people get excited when they hear a monthly mortgage is as equal as their rent, they didn't take the time to think about other expenses Water bill Gas bill Taxes Insurance Electric Repairs etc

@riseofalcatraz4796 4 года назад

Esther Jagmohan im already paying water bill, gas bill, electric bill for my rent in Barcelona. I guess other expenses wouldn’t hurt. Plus I can rent my other rooms and cover for the mortgage and other expenses since renting is expensive.

@Alumnikiid 4 года назад

@Rise Of Alcatraz ...Renting is not throwing away money. Your paying to live in a house stress free. You can leave whenever and you don’t pay for repairs. I can rent an apartment with pool, gym, club house, and a nice view. If I want a house with all that im looking at $3000/month

@HamiltonRb 4 года назад

I always find it funny when someone phones in for advise from Dave, and 90% of the commentators give their unsolicited advise too

@tripleekitchen...6676 4 года назад

Don't buy!

@jens8223 4 года назад

How much is a house there lol he onky makes 30k

@kevsip1002 4 года назад

Don't get married. It's like having 30 years of student debt. Rent, then pay cash.

@1978mackdaddy 4 года назад

So true..

@c103110a 4 года назад

Stay single and enjoy your life.

@lovetobe6118 4 года назад

Funny, my husband and I got married while in college and it actually made finances easier because we were pulling our brains, resources, and managing our time well. We also got scholarships and grants that only married people can have. That is not always the case depending on who you marry, how wise you are with money, and how unified you become with your spouse, but marriage has been a huge blessing for us because we did it right.

@ladypink3473 4 года назад

Charisse Lambert good for you! 👍🏼

@iamanovercomer3253 4 года назад

Hmmm it seems that someone got burned & still living in the past

@rohilanand7787 4 года назад

Ask Graham Stephan

@ShowBizJunkie 3 года назад

He gave wrong advice. The kid is responsible snd wise. He should buy the house. He can sell or rent it later.

@Smashhackisma Год назад

I disagree. Even if he moved he can rent the house

@imannaomi6646 2 года назад

Just buy land and put a tiny house on it. Rent free for the rest of your life

@InvestingEducation 4 года назад

A first house within ur means is a good idea I think

@CrayonEater94 4 года назад

I bought mine at 24.

@mikexoxxxo 4 года назад

liar

@zaidchalabi1599 4 года назад

ihateblackbitches why ? Its not hard

@Qikezolosuwe 4 года назад

I bought my house 315k at 25.

@TheSamVala 4 года назад

I bought my first home when I was 22 and my second house when I was 23

@Wildledroses 4 года назад

I bought my first house when I was 12, I had experience though. I did remodeling from ages 2-10

@4door_papi 4 года назад

First view and comment woah This related to me im just 21 around 20k saved maken 38k/year and wanting a home aswell but college is done (paid for by county no debt)

@mikexoxxxo 4 года назад

clown

@DH-uw3us 4 года назад

If you can find an affordable place you want to live in with your income, go for it. It really depends, though. If you only have 20k saved up, that's not a real big down payment depending on the price of the house. And you wouldn't want to use all 20k towards the down payment because you still want 3-6 months emergency fund saved up.

@Scorpiomaj27889 4 года назад

Your wife someday is not going to like the house you get, better to wait unless you're going to pay in a lot of equity.

@riseofalcatraz4796 4 года назад

scorpiomaj27 what if I’m not getting married? 🤨

@Scorpiomaj27889 4 года назад

@@riseofalcatraz4796 Your girlfriend won't like it either. :D

@riseofalcatraz4796 4 года назад

scorpiomaj27 i guess im always doomed 😂😂😂

@WheelsandWallets 4 года назад

Investment property??

@Chalposh 4 года назад

I make about 2.2k a month. Have an $800 rent expense and that's about it. Should I take out a $300 car payment? I'm on the ropes about it

@alexa6260 4 года назад

UltraInstinct956 no

@BigEvan96 4 года назад

No. You will suffer.

@_jonbee 4 года назад

Don’t do it man 300 a month plus Insurance is a big chunk of money for the type of income . You’ll be living paycheck to paycheck until that car is paid off

@horacechin1 4 года назад

Remember the other expenses towards insurance and more . Hopefully you make the right choice

@1978mackdaddy 4 года назад

The younger you buy a house the better impo..

@PassportBrosBusinessClass 4 года назад

My $300,000 house costs me $2000 a month mortgage +tax and $700 for insurance a year. $500 a month in utilities You can make those payments? My $270,000 house is roughly the same. $1800 mortgage +tax. $500 a month utilities.

@ChrisMFlorida 4 года назад

Tell us all your business bro

@NamaGVida 4 года назад

What kind of down payments did you put on these houses?

@LuisHernandez-rk2tp 4 года назад

I would save up and wait till school is over and your in your late 20s or early 30s.

@nicgatewood1189 4 года назад

I make about $1.00 a month. My rent is $0.27 cents a year. I'm gonna be a millionaire!

@7jacquesnel 4 года назад

If you're 20 and have enough to buy a house then that house should be for someone else who can rent from you. Why anker yourself like that in your 20s😒

@epicswirl 3 года назад

Because some 20 year olds have a lot saved and make a lot of money per year. I just bought a home 265k 15k down and make 60k+ I’m 21 and wanted home equity.

@JK20239 4 года назад

20? Your still young. Buy a small home. 200k. When your 25-30.

@mle011 4 года назад

Dave’s a bit dated on his “things that usually happen by the time you’re 25” stats- average age of women and men getting married is about age 29-32 in the US nowadays. Not before age 25. Especially for a college graduate. If this guy is “average”, he’s not going to get married for at least another 10 years. Not necessary to rent during those 10 years if you have the means to buy a house.