"Rent & Save" - Smart STRATEGIES for Home Buyers Facing 7% Mortgage Rates

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Mortgage rates have hit a 14-year high, reaching levels not seen since 2008. Patrick and Tom discuss effective strategies for first-time home buyers to navigate the housing market.
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4 июл 2024

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Комментарии : 398

@droplix4950 28 дней назад

5 mins of market info and 5 mins of minnect advertisement. Really, its getting out of hand folks. Take it easy on the advertisements

@gergc4871 28 дней назад

I'm thankful it comes at the end.

@aezyt 28 дней назад

💯

@djelite07 28 дней назад

Am I the only one who thinks Minnect is stupid name to call your brand?

@neoneherefrom5836 28 дней назад

You sound poor

@williamboyle3268 28 дней назад

What did you expect from a salesman ??? 🤣🤣🤣. You ever see that $20 mill house of his ?? 🤣🤣.

@25Patman 28 дней назад

Remember they said you will own nothing and like it....seems like their making that actually happen.

@fishinnewengland4807 26 дней назад

Bingo

@JordanConley808 28 дней назад

Rent and save? It used to be you buy a home to build wealth. Now it is only for the already wealthy.

@estebancampos2914 28 дней назад

how can people rent and save if rent in moderate areas is $1,300 and that's low balling it. my home was $500 but went up $200 this year which brings it to $700 which is still half of what some people pay for rent. also this year my car was paid off but now it's value went back up to the sticker price that i paid for it which doubled my car inspection back up to what it was when it was brand new which was $245 for the taxes and inspection. fuc$ biden and his corporate friends for ruining everything.

@Mac-qi5nz 27 дней назад

Rent is 65% of people's wages at the moment, at a time when people are carrying record amounts of debt. These guys are so out of touch is insulting in the extreme

@JordanConley808 27 дней назад

@@Mac-qi5nz right. They love some capitalism but are great at showing how it screws us all. So outta touch.

@xZoogiiee 24 дня назад

PBD lives in the same neighborhood as Messi. Dude is out of touch with the average person

@HITthegymwithjkhman 28 дней назад

Rent and save😅 that’s an oxymoron in 2024

@targetegrat 28 дней назад

That 7% rate is for people with excellent credit. So for most people its really about 8.5% or more.

@Mac-qi5nz 27 дней назад

Rent is 65% of people's wages at the moment, at a time when people are carrying record amounts of debt. These guys are so out of touch is insulting in the extreme

@miketheyunggod2534 26 дней назад

Still at historic lows.

@ThomasGLee 28 дней назад

The ONLY reason I would sell now is to get the equity out of my home. Rent is more than my mortgage.

@Mac-qi5nz 27 дней назад

Rent is 65% of people's wages at the moment, at a time when people are carrying record amounts of debt. These guys are so out of touch is insulting in the extreme

@ThomasGLee 27 дней назад

@@Mac-qi5nz they live in their bubbles.

@Qwr345 27 дней назад

@@Mac-qi5nzyes they are out of touch with reality. Nothing but click bait

@LinoRoberto 26 дней назад

@@Mac-qi5nzthis sounds like a personal problem. Almost nobody is at 65% of their income to pay rent. You need to move out of the luxury apartment. The us average is around 46%

@joshgolo 26 дней назад

I have never seen where rent is less than a mortgage unless it's government housing

@word123456789100 27 дней назад

We don't have a shortage of homes. Airbnb and investors have just gobbled them up. Why would you buy now? Home prices are unsustainable. Once commercial real estate pops, then homes will follow.

@TerriMelzer 27 дней назад

We no longer have a mortgage, my husband is retired and wants to travel to Thailand. We don’t splurge, but inflation has hit hard, and I want to relocate while DCA-ing into his TTSA, which is less than $400k. I'm cautious with rising costs and have discouraged the idea due to current insecurities.

@Kelvin-200 27 дней назад

Roughly how much do you have in the RRSP? A financial advisor can help grow and budget your money for travel. My spouse and I always delegate our excesses.

@MikeSmith21121 27 дней назад

Hiring a financial advisor means getting help with cash flow, investments, risk management, estate planning, and legacy.

@VictoriaAllen-ml8kx 27 дней назад

An advisor can help you visualize how your RRSP fits into your overall plan and determine the best investment strategy.

@TerriMelzer 27 дней назад

The ones I find are young and charge 1%, which I’m not comfortable with.

@Kelvin-200 27 дней назад

Our FA emphasizes creating "worth-living assets" like memories, pursuing interests, and family trips, while growing finances.

@YautjaTNT 27 дней назад

You people do realize renting doesn't save people money anymore? If you want to save money nowadays you have to live with family who either don't change rent or charge greatly reduced rent.

@janelleg597 27 дней назад

It does. Get some people together

@nauxsi 27 дней назад

Renting is helpful when you're young. But as you're close to retirement especially if you were low earner then it can cause problems.

@synergygaming65 28 дней назад

The younger viewers should live at home with your parents banking all of your money into safe investments with compound interest that grow exponentially. You pay a small amount of rent, you save the majority of your dollars. If you can never afford a home, at least your retirement account will be jacked to the tits; you can still inherit your parents' property down the road, or that of a relative. Or you can rent and be broke as fuck but at least you'll be 'independent' working until death.

@HITthegymwithjkhman 28 дней назад

😅 good point

@wagnersouza4463 28 дней назад

Rent is really bad advice. When you rent, you probably wont save money enough, because if housing prices are high, the rent prices are too. This housing crise,is everywhere. Here in Brazil is the same, but one reason to crisis here, is just because we're copying the american model of urbanism, that is bad. You guys are face a problem that get decades to happen, because your economy growth when this sprawl housing was created. But here, with a weak economy, all the housing changes that you had, are happening in 1 decade. Sprawl neighboorhoods, bangalot housing, and so on, is hapening fast. I saw that one try you have done is two houses per land... well. This is old in Brazil, we call this "puxadinho", families have 2, or 3 houses in land and the sons live in this houses when married ( stay with aprents after 18 here is cultural )...doesn't work. Because the real problem that I see some talking, is buy houses as financial investment, this f*ck the supply.

@storms4063 28 дней назад

Younger viewers are shamed in America for even suggesting that they live at home with your parents. Stark Emersonian Individualism is the American way. “I did it so why can’t you”. Plus, paying rent to your family with nothing to leverage financially is a huge waste of your money. So, at 46 yrs old & my parents 75 yrs old, I just wait until they die…( my life too will be paying for my family and getting nothing in return except my parents death) Also, how many people want to be with someone who lives with their parents? Come on! Younger viewers ought to learn a trade, because higher education isn’t worth anything…another waste of money. This is what we get when an entire generation is told to go to college or you will be a loser in society. Those doing the best are those who went to work early and worked manual labor jobs. I owned my own business at 20 yrs old. We aren’t building these sensitive generations to do anything that will actually make their lives easier. I’m certain of one thing. My grown children and perhaps their children will benefit from my suffering relationship with my family regarding housing. I love my parents…yet they have no clue how impossible this country has become.

@richardgibson2158 27 дней назад

"Millennials and Gen z never got it together because they never left the house. Back in my day I paid off my 5b4b house that was $50,000 after three years of being a disposable razor repair man."

@Mac-qi5nz 27 дней назад

Yeah never start your life. Great advice 👍

@lolzorz3 28 дней назад

Now selling luxury card board boxes to live in for those on a budget ;)

@DSNCB919 28 дней назад

I bought today at 6.4% i sold my old home with 145k equity to my next home as well.. was scary as hell but im satisfied 3300 sqft 1.10 acres

@Jbs6187 28 дней назад

Congrats!

@Daniel-po8eb 28 дней назад

You can also refi once OBIDUMB loses or dies. OUR business man President will fix most if not all of these issues.

@DSNCB919 28 дней назад

@@Daniel-po8eb hope so the house i sold was at 3.75% but my family grew by 3 people and it just wasnt cutting it space wise

@Daniel-po8eb 27 дней назад

@@DSNCB919 It would have made much more sense to add SQ. Footage to your existing home! Once you consider closing costs, ins. property taxes , capital gains, you lost any advantage you worked so diligently for !

@Richard-qd8tz 27 дней назад

What state are you in?

@talyahr3302 28 дней назад

Not sure if this is really advice. With homes & rates being so unaffordable, there is no alternative other than to rent. Thats the problem, not the advised solution.

@PatrickWilliamShaw 28 дней назад

I agree, but I think their point is to not overextend yourself now.

@hermesmcclintok 28 дней назад

He's a multi level marketing scammer, he'll probably start offering loans or related products. Viewers are money to this guy.

@brandonhallam51 28 дней назад

Not their problem though. Your monthly expense is their equity

@Daniel-po8eb 28 дней назад

@@hermesmcclintok EXACTLY. A snake oil salesman. Always peddling some nonsense to make HIM money. Networking with entities that you don't know and will NEVER be IN FRONT of is ignorant, in an economy where interest rates are UNAFFORDABLE, the dollar has lost 35 % of its value and NO ONE is spending money. More smoke and mirrors, from the 1%. There is zero added value in ANYTHING PBD is peddling.

@AgentNomikos 28 дней назад

@@hermesmcclintokShow proof if you’re going to make claims like this.. other than that it’s just smoke from a hater

@PatamaGomutbutra 28 дней назад

Happy renter. Renting a good location apartment help us save considerable money for transportation, maintanance and do debt free asset allocation. It also give valuable peace of mind that we know exact how much to spend and focus on career building. If we buy a house - it will be no matter much about market situation. It will be the first and the last because we have settle down and really afford it.

@meredithdarling 28 дней назад

No choice but to rent here 🤷‍♀️

@richardgibson2158 27 дней назад

Yes. Let me rent a 2b2b apartment that went from $750 a month to $3100 a month in my rural small town. Definitely would save more. 😭

@undefeatedaj 28 дней назад

Only thing I have left to save are my tears and even those will dry up

@Mac-qi5nz 27 дней назад

Rent is 65% of people's wages at the moment, at a time when people are carrying record amounts of debt. These guys are so out of touch is insulting in the extreme

@Delta2-4Gaming 28 дней назад

Yeah let’s save and rent. But not eat, drive anywhere, wear clothes or do anything else.

@asnmdnss 27 дней назад

hopefully everyone is still wearing clothes 😂

@Mac-qi5nz 27 дней назад

Rent is 65% of people's wages at the moment, at a time when people are carrying record amounts of debt. These guys are so out of touch is insulting in the extreme

@Mort64562 27 дней назад

Buy a van. Put mattress in the van

@LeileeBaker805 28 дней назад

Save?

@patriot1182 28 дней назад

Money makes money, if you have no money your chances of making money are slim to none! FACT!

@HITthegymwithjkhman 28 дней назад

🫵🏽 are right

@Jp421JP 27 дней назад

You can’t rent and save. Rent is through the roof.

@tonyfernandez4189 27 дней назад

How many houses were bought by Black Rock & Vanguard? Methinks there's more going on than meets the eye. It's interesting how covid affected so much of our economy.

@TheSurfrer1 28 дней назад

Give me a cave with a campfire!

@ajanon476 28 дней назад

Earn your own cave, you anti-social socialist 😂😂😂 jk

@Swift_Arrow_ 27 дней назад

You’re getting engagement through this comment, but screw off with the 5 minute adds extending the video to the all important 10 minute mark. It’s wasting our time.

@jasonbeasley9774 28 дней назад

Rent is way more than a house payment

@Daniel-po8eb 28 дней назад

WRONG , Rents dont include maintenance, HO insurance, property taxes , repairs or ANY of the expenses associated with ownership. By the way, it's THAN.

@jasonleatherwood2172 28 дней назад

Wrong most homes in my area cost about 2500-3000$ a month on a 30 year 3 bed apt is 1700$ with 0 expenses for upkeep and repairs how you figure lol

@richnubbz4910 28 дней назад

mortgage payment, taxes, hoa fees, maintenance cost ,upgrades and upkeep, capital gains. you should have a large emergency fund, something put away for retirement, and building passive income streams on top of your 9-5+ job. before you even consider purchasing a house never buy with less than 15% down, and plan on living under your cost of living after you acquire and budget for the acquisition and annual cost of ownership. 2007-2015 should have taught anyone over 28yo that things can go south ridiculously fast.

@PatamaGomutbutra 28 дней назад

It have to compare fairly.For my area -Seattle Two people indeed can live comfortly in 1 bedroom apartment with good facilities in range 1800-2000s USD - there are plenty competed apartments - meanwhile 3500-4000 minthly spending for broken house.

@jasonbeasley9774 27 дней назад

@@Daniel-po8eb Move somewhere affordable and become skilled at fixing things. Thank you

@AnAverageFan 27 дней назад

Half of this video is an advertisement

@dannypope1860 25 дней назад

Renting is for fools… It’s just throwing money in the garbage.

@gmx5051 27 дней назад

Cali here, rent is even higher then a mortgage, not possible to save.

@EXQUISITEMAD 28 дней назад

7% intrest rates, 38% real inflation, wages are stagnant for the 9-5 workers. Now put that together with the cost of HOA, Insurance, Taxes, repairs, maintenance, plus car notes, credit cards (the highest credit card debt in history and the highest interest rates ever recorded) 34k average income for women and 45k average income for men living outside of california and the northeast us. Where exactly is it better to buy a single family home?

@SWAGKINGSBD 27 дней назад

overseas cause America isn’t it anymore

@assaultwave86 23 дня назад

I built my 1st home when I was 23, and built 4 in total over 30 years. Today I rent, and I really don't mind. One big reason is that my wife can't spend money on upgrading or replacing expensive items that don't need replacing. I miss ownership, but I also don't. In today's market, I wouldn't buy anything as the values will crash, and then maybe I might jump back in, but I'm still not sure.

@adammarshall4576 28 дней назад

Unemployment is up 4.1%!! It’s a lagging indicator! It’s higher

@jadl3278 28 дней назад

The data they are publishing is false most likely. The lying doesn't stop. Crazy how our country got to this state.

@Daniel-po8eb 28 дней назад

Cooking the books as usual with this economy. The rates do not and haven't since OBIDUMB came into office, took into consideration the MILLIONS of people that just STOPPED looking for jobs, They ONLY count those on unemployment, yet imbeciles are easy to lead around by their noses.

@mikecouch2060 27 дней назад

It's only lagging because it hasn't been adjusted yet.

@XSquidbeatsX 27 дней назад

Even the unemployment stat is a lie. It only shows people who are looking for work.

@AntiDecepticonCampaign 27 дней назад

Everyone getting suckered into the Rent game

@andrewmedlin434 24 дня назад

Rent and Save lmao 😂 good luck

@irenez7439 27 дней назад

Rent in my neighborhood is at over $4,000. How could I save money paying that much money.

@richnubbz4910 28 дней назад

PBD is a vet and will understand this plan..... Retired army, military pension and gi bill starting next year ... Paid off my debt, building a large cash or interest bearing equivalent position, liquidating everything I can, sold everything that depreciates and had a payment, cutting every expense I can.. Going to school in Nevada for welding. I'm buying a small used RV(low int rate, payment and mechanic by training) using BLM land for camping and the College is RV overnight friendly since its rural and students have to travel a lot to get to class. Just building a nice keg of dry powder $$$ for when the Bottom falls out of this bubble .....Plan is to DCA into the markets to a race to the bottom as soon as unemployment tops 4.8, the fed is cutting rates, commercial loan defaults go parabolic, and the markets overall are down 6-12% in a very rapid order. i'll also add in definitly wait out all of these "unrealised losses" becoming realized and "shadow banking / BNPL " entities start popping left and right... You cant take a look around and see how everyone is overleveraged, prices on everything have increased too fast, and the middle and lower classes in this country are being squeezed harder than ever before. something is going to break ..

@richnubbz4910 28 дней назад

also forgot to add in carefully watching the yield curve inversion and watching it un-invert slowly .... there are a confluence of factors kind of looking to align sometime after august and the new year ..I think all of the elections this year around the world are going to factor into the timing and length of but not the severity of the downturn. its going to be 2020 v shaped, lost decade scenario or more in between (2007-2012)... just too many trusted leading indicators are screaming bad things coming .... along with geopolitical and geofinancial instability once again somethings going to break

@Daniel-po8eb 28 дней назад

Very cognizant and well thought out. Unfortunately, you are an outlier, MOST of us don't have the base that you had to begin with. I worked my entire career for myself and the last 30 years trying to compete with illegal construction workers who have taught the customer base that the only thing that matters is CHEAP, not quality or longevity has NEVER allowed extra to invest, in anything. Construction wages have NEVER kept up with inflation or rising costs. I did my job for the LOVE of the trade. It paid my bills, I managed to pay cash for my home, cash for a new truck in 21 and I have NO outstanding debts, I owe NOTHING aside from daily living expenses. My minor SS allotment pays all of my expenses and my health ins. and all of my medical needs, which Blessedly are NONE, even at my age, so I am heads and tails better off than most and am thankful for what the Creator has seen fit to bless me with.

@richnubbz4910 28 дней назад

@@Daniel-po8eb I understand your point of view.. but also like I said PBD is a Veteran and this comment was meant to be a plan of action other veterans can emulate if they are in the right positions... As of September 2023, the U.S. had an estimated 17.9 million veterans, which is about 6.8% of the population age 18 and older. us census data .... so yeah just trying to inspire a pretty beat up and neglected segment of the American population...

@Daniel-po8eb 27 дней назад

@@richnubbz4910 Excellent point and well taken Sir. My dad and Mom passed away before I turned 16. My Pops was a Korean vet, had two Purple Hearts, and one Silver Star, My uncles on his side were ALL vets, gramps, a WW2 vet. Most of my family served. I had the opportunity through a Congressman friend of my Dad's to attend WP, but when he died My entire life went to shitz in a handbasket. My need to take care of my younger brother outweighed my desire to attend WP. I could NOT change my lot in life but would have made a good soldier. The flag flies high and proud on my piece of ground as it always has, held in unwavering esteem of the sacrifice of ALL of our honored warriors. I believe the Creator has turned his face from this Country over what we have become, and this Country deserves to wither and die for the wrongs we ALLOW to poison us, these days. Men, so much better than I, did the unthinkable and the unimaginable to keep freedom as our creed, to have us turn our backs on them to pander to invaders with NO loyalty to us and people who don't know the difference between men and women and which restroom to use, or which team to join. Perhaps it's not too late for us. We shall see in November if a man who gave up his salary for 4 years can overcome a criminal lifelong politician who gave up our souls for HIS financial gains.

@clearviewproducts 28 дней назад

We have a rental. 2 years back potential renters were saying why would i pay that much in rent when i can buy. Now, we as the owners are saying why buy when we can save 2k per month by renting and put that in savings?

@dodadeb8954 24 дня назад

When I bought my first house in Dallas metroplex, I locked in fixed at 10% it went up to 12% and the real estate crisis began. 1979

@GetRichEducation 26 дней назад

Mortgages rates are not at record highs. They’re actually lower than their long-term average of 7.7%, per Freddie Mac.

@Jacobey22 26 дней назад

5min video and 5min ad 💀

@Miamimcc 8 дней назад

Only way you’re saving money by renting rn is if you stack multiple people in a rental home. Not to mention landlords almost always figure out how to keep a decent % of your deposit. I would have loved to see y’all add actual numbers to this argument from homes values and rental prices in a similar area.

@ryangiese1260 25 дней назад

This all is great but it’s also assuming that rates go down and inventory in the market doesn’t change, that people won’t begin to sell their homes. What will drive the price down is a down tick in rates and uptick in inventory. Rents I imagine are also at an all time high. Grab 5 or 6 roommates in a 2 bedroom apartment in the middle of Nebraska and you can then probably save enough money to buy at some point.

@Maxpierrejr.creative 26 дней назад

Rent and save is hilarious with all these rent prices matching with mortgage payments and some

@Hendricks777 24 дня назад

I’m currently closing on my first home with my wife, it’s not perfect and needs some work but it’s in a desirable neighborhood. I agree with PBD a lot on this one. Our price was okay and we got a lower interest rate than normal with the VA, we’re just tired of apartments and want our kids to grow up in a home.

@ElChicoTico 28 дней назад

We need more supply!

@haydar378 27 дней назад

I am

@janelleg597 27 дней назад

Yes

@hersdera 11 дней назад

In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

@SandraDave. 11 дней назад

That’s actually an incentive for them to just stay where they are as long as they can make the payments. They’re stuck of they’re upside down.

@RaymondKeen. 11 дней назад

You are right! I have diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

@HectorWhitney 11 дней назад

@RaymondKeen. 11 дней назад

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@EddyAgnes-vy4kp 11 дней назад

I just looked up Melissa online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.

@taraallen6671 27 дней назад

My 800 sq ft apt cost is the same that my brother pays for his 3800sq ft home. It boggles my mind that I can get an apt but not a home

@jeffwilliams6389 27 дней назад

Its amazing people that bought homes 10+ years ago are in a completely different financial situation than people currently renting or looking to buy. The former have no idea how stressful it is to be the later(me)

@clearmind3022 28 дней назад

See, this is the problem with people in finance. They're always so optimistic because the market. Whether it does good or not directly impacts their financial portfolio, so of course, they're going to be optimistic, not realistic. In reality, markets will not improve. They will continue to inflate until they pop. This is the end of an era. We had a good run while it lasted. But people become spoiled and selfish when things become too easy. I may take their blessings for granted. Unfortunately, you don't realize that until it's ripped from your hand. Make sure you don't hang on too tight. Otherwise, it may take some fingers with it.😊😊

@donreef2466 23 дня назад

You can't save when rent is as high as mortgages!

@alex-kv2bh 26 дней назад

Market value is going up but it's cost of goods and materials to rebuild the home not the market value of the home. For ex you could have a 500k home on the beach but cost to rebuild is 250k due to materials not location value

@mitchlol5710 26 дней назад

I got married in November and cannot get a single place to rent in a radius of like 40 miles, theres NO options, I live in a 40 year old camper and cant afford a house either.... im stuck

@AbsoluteJ-uu2tz 27 дней назад

I understand everyone’s situation is different but it’s still best to buy. When you rent you “may” get your deposit back but when you buy at least you build equity. Most people have little savings and when you buy you are basically paying yourself for something you will have to pay for regardless.

@Watdamarin 28 дней назад

Short term renting is good BUT long term owning is the way to go IDC what anyone says

@nateh3441 28 дней назад

I absolutely agree.

@ericprieto4348 28 дней назад

facts

@gergc4871 28 дней назад

Rent adds up. I've spent 270k on rent where I live now.

@Watdamarin 28 дней назад

@@gergc4871 that’s nuts

@Daniel-po8eb 28 дней назад

@@gergc4871 Compared to what , would you have spent on ownership , with ALL of its expenses?

@jpguerra4748 24 дня назад

anybody know where i can buy the polo that pat is wearing?

@Ravi-rl8tt 25 дней назад

The Fed only pivots when mass layoffs are on the way to try and get a soft landing. But they always pivot too late. Just assume that housing prices are gonna decline at an even more rapid rate for a year or two after they start to pivot. Then again, no one’s gonna buy our debt without high interest rates at this point so idk if they’re even gonna pivot any time soon.

@davidwilson1134 6 дней назад

I’ve heard this rent and buy nonsense in 2010. I say buy now with inflation only going to get worse with what you pay today is what a new truck will cost in 20 to 30 years. The value may go down in the short term but historically always goes upwards.

@sergetinc1344 27 дней назад

If you can buy, BUY! If you have to rent then rent but look for a place where you can afford to save money so you can buy. Home prices are not going to be affordable for a long long time.

@MasonArredondo-t4e 27 дней назад

Thats the house on the rod wave album cover

@krystal6612 26 дней назад

It SUCKs INWANT TO BUY A HOUSE SO BAD BUT I CANT AFFORD IT… WITH PRICES IN OREGON AND INTEREST RATES ITS CRAZY… I PAY 2K for a 2 bed 2 bath 😮

@Essentialoils4ujess-weagle 25 дней назад

People need to understand if they refi the clock on the mortgage starts over again. If you refinance keep paying what you’ve been paying otherwise you’ll be paying off your house FOREVER.

@jaredsparks5834 28 дней назад

I messed up moved one too many times now i gotta hussle my butt of to catch back up.

@emjiel 28 дней назад

i live by myself in an RV and pay 850 a month in California and will buy a house in Mountain House Los Gatos

@warrenmccowan5117 27 дней назад

Rent has doubled where I live. I thank God I own my bear up ol house I bought a couple years ago for 25k. Saving up, soon will be tearing it down to build a new one.

@1apilot2 27 дней назад

There are a lot of places in the country where supply is going up big time. Like Florida, Texas, Idaho, etc. So that narrative that the lack of supply is driving up prices is not completely accurate. Low supply is a problem in state of New York, for instance. But not in Florida, for the most part.. Low interest rates, low supply, government payouts during covid, and pure emotion caused prices to go up like a rocket.. Different story now. The local area must be able to support the housing via their incomes. This is a fundamental. Right now, in many "boom towns" the locals are not able to own a house because their income is too low. And many that do own a home, those who bought in last couple of years, are maxed out on credit and losing jobs. I think housing prices have to come down and in many places are coming down. Not wise to buy a house now unless a really good deal, a diamond in the rough.

@sergetinc1344 27 дней назад

Homes will never come down. They will stay constant or go up. Places like Florida will see an increase again when rates go down.

@1apilot2 27 дней назад

@@sergetinc1344 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-2yIuqGak8cE.htmlsi=5Bbi0rK6Nl3ZQqJG

@keshauncamon580 24 дня назад

So when can we expect the rates and prices to go down? Are we in a bubble waiting to burst?

@bigd2256 27 дней назад

These rates are ridiculous coupled with high prices.

@elliottharris9015 25 дней назад

Renting, along with taxes, eat's up your paycheck.

@user-in3le1mg9l 27 дней назад

there has never been a bad time to buy a good home when you actually qualify for the loan.

@Foldylokx 27 дней назад

What's up PBD? Good to see you. Real stuff.

@JC.LC. 28 дней назад

You can't refinance if you buy now, and then prices drop. I don't recommend people to buy right now (unless it is a great deal way below market proce)

@Sldoficn 27 дней назад

Rent is still more expensive monthly than buying, even with the current interest rate..

@amjadpervaiz4453 28 дней назад

People buy Payments. Not Homes.

@chrissmith-jh8xw 28 дней назад

Always buy when possible because you can refinance and have the write offs. I tested the market and put my home on market, got $1.2M first showing but the rents for comparable home was $6500/month and current mortgage is $2300, decided to pull home off market. Homeownership has too much upside to ignore. Also market is shifting because of the rate drops were not as promised so it will soon be more favorable fo buyers.

@alelectric2767 27 дней назад

This is all good until your rent goes through the roof. Then what? Why pay someone else’s mortgage

@benf4570 28 дней назад

People move too often so the landlord raises rent each time

@Rdela-nj1td 27 дней назад

Ads are getting unbearable

@coreyg367 27 дней назад

People pay for premium RU-vid so they don't have to listen to ads and then you advertise the hell out of minect 🤦‍♂️

@Chuck68ify 26 дней назад

So, when rates drop people who couldn't move because of high rates will be able to bring more supply to existing inventory.

@UtubeH8tr 25 дней назад

5.2% locked in boys Who here bought the dip?

@rbtheballer 24 дня назад

Cost more to buy right now then rent, better to live below your means save and invest until the market flips.

@1mrsleepy1 27 дней назад

The more money I make the more prices climb!

@bobbleheadbob 27 дней назад

Yes demand for homes will rise as interest rates come down, however this should be temporary as the cost of debt also goes down for developers and builders. Deregulation on some of the green new deal policies can also help speed up construction to grow supply of new homes and eventually meet demand in the market. Right now homes prices are now falling despite rising mortgages rates because the supply of new homes has not been the same since 2020.

@fishinnewengland4807 26 дней назад

What do you mean save while renting? Rent is the same as a mortgage now.

@jamesgaffney7591 21 день назад

Tom. Renting is putting off for the time when the home price is even higher. And will cost you more $$ Too many people saying wait for prices to drop. Not happening to tue effect of being a benefit. We are 4 million short homes to buyer body count. Also last 12 elections 7 followed with small rate hikes. 4 with small rate reductions. 1 stayed level. Waiting for greener pastures is a waste of time -rates drop , prices and demand go up.

@shaylaahava6413 27 дней назад

Rent qualification requirement is that you have to make 3x the rental amount in order to even qualify for most rental properties!!! So if most consumers have high debt to income ratio and low credit scores on top of that, will they even be able to qualify to rent?.... Is the system giving enough breaks to the People?

@tgarcia-rocha3629 27 дней назад

I've been ready for over 5 years to buy and all that is available for 300k is burned down frames of houses

@janelleg597 27 дней назад

Move

@SWAGKINGSBD 27 дней назад

@@janelleg597And get a new job in a down market? Ppl are on firing sprees not hiring sprees… be realistic

@williambixby3785 27 дней назад

Sell your home/ Lock in a 2 year lease/ take the remaining money and turn it into gold and silver/ at the end of the 2 years you buy whatever home you want outright.

@markphillips9822 27 дней назад

My job is so unstable I cannot buy a house. If we loose a contract I'm out of a job. And I don't need a house around my neck. So I rent until I retire. Then buy a house with cash.

@EC-ol8nz 13 дней назад

Easy Fix: If you are a corporate entity you cannot write ✍️ off a non-Homsteaded single or multi family Homes property! 😂😂😂😂😂😂 Watch how many properties hit the the market and the Government can scoop up all the tax sales money 💰 😂

@MsPearlontheshore 27 дней назад

Rent in Maryland is triple what I could pay in a mortgage.

@kanantony4423 27 дней назад

You guys should come see the prices here in Toronto. It's stupid.

@Daniel-po8eb 27 дней назад

@@kanantony4423 Simple solution, LEAVE Toronto!

@nauxsi 27 дней назад

Canada is crazy!

@BedWetter707 26 дней назад

Not in CA, if you can buy a house, do it.

@stevendein7923 24 дня назад

When rates went up, did prices drop? No they didnt. Why?

@garymcelhaney1560 27 дней назад

This show would be so much better if it was just Pat and Tom

@nauxsi 27 дней назад

Rent should be limited to 30% of median salary of a city.

@naomihazelton9789 26 дней назад

Hey Mr. PBD! I hope you know if you wrote a book or did a youtube channel about raising your kids and being a parent I would watch it all the time! I really hope that I raise children as well as you are doing Mr. PBD! But I really need someway to see how to do that.

@Obe.sparks 26 дней назад

Every situation is different. If you are single and getting good money, and need to grow while liquid, then buying may not be the best. If you have a family or are a growing family and need to settle then of course. Or if you plan on growing in real estate, then of course get a unit and then more. The blanket statement of rent is waste is not accurate. Check Warren Buffet or Charlie Munger's take on this, for example. Best luck to all!