Why Buying A Home Is Impossible Right Now..

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Here is my response to ‪@Vox‬ - Why buying a house in the US is so hard right now - Enjoy! Original video here: • Why buying a house in ... | Add me on Instagram and Snapchat: GPStephan | GET MY WEEKLY MARKET RESEARCH SUMMARY HERE: www.grahamstephan.com/newsletter
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Опубликовано:

22 янв 2024

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Комментарии : 320

@AtsircEcarg 5 месяцев назад

The security with buying a house is the biggest value to me, a landlord isn’t going to increase your rent by 14% each year or tell you that you have to move. You don’t have your ask permission to plant a garden or get a pet or paint or hang a tv on the wall or have control over whether or not they use pesticides where your child plays or have control over what kind or put up aesthetic window coverings … the list goes on and on and on. I feel so trapped renting but houses are astronomical with the current prices in my area with the high interest rates.

@777skyline 5 месяцев назад

you cant escape your tax bill and people are having harder time with insurance because firms are suddenly dropping them without a reason. Not so safe anymore when your bills are rising and you cant find anyone to buy from you if you start having money problems

@localtoys731 5 месяцев назад

Taxes and Insurance is going up more then 14 percent each year. Its a joke.

@alexm.handro1313 5 месяцев назад

And maintenance. Everything breaks

@eliot5220 4 месяца назад

Safety and control is a benefit. Why don’t you move to another state?

@jordan0chang 4 месяца назад

Property taxes go up every year and insurance too and water and repair bills.

@christinehopping5040 5 месяцев назад

When you own a house, you are still responsible for plumbing, electrical, insurance, taxes and/or damages to the home. These are costs that goes up over time.

@Max-dp5fv 5 месяцев назад

I wish to live in a world where my hard work can earn me a roof over my head but here in the US that seems too much to ask for

@gundamnduke0 5 месяцев назад

it's the same in Asian countries

@andreagariti1416 5 месяцев назад

Rent what a studio in a lame city? Lame advice…

@alekfoy9362 5 месяцев назад

You should see other country’s

@free_at_last8141 5 месяцев назад

Too many people wanting to live on less work. Welfare is just the most obvious. Administrators, managers, overseers, on and on and on. Reduce your workforce by 80% while increasing productivity through technology while increasing "administrative" staff positions by 40%. It's everywhere.

@monkmodelandon2024-kh6ot 5 месяцев назад

learn to sell

@josephodriscoll8299 5 месяцев назад

It's absolutely brutal out there. I've clawed my way to a respectable salary over the last ten years but it's depressing to see what I can buy with it as compared with three years ago. I'm not sure what to do.

@TheChariot99 5 месяцев назад

Move to another country. Your $$ go far

@ApparentBulge 5 месяцев назад

Buy the cheap end of the market and move up in a few years.

@strawdemindset 5 месяцев назад

Lots of us in the same situation, and when rates drop lower prices will rise. It will only stop when people run out of money …. Whenever that it

@toulor3403 5 месяцев назад

If this is your situation then yes, buy in a lower cost neighborhood. What's most important in this situation is good neighbors. It's rough out there. Goodluck.

@briancates4758 5 месяцев назад

Try to get a feel for what kind of neighbors you would have, especially in choosing a lower cost area. Drive around the neighborhood on Friday and Saturday nights to see if there is a level of noise pollution. It is so important to have considerate neighbors.

@stevenporter863 5 месяцев назад

One of the most honest and realistic videos on real estate. Generally real estate is over rated and treated as a slam dunk financial lottery ticket. A home may offer warm and fuzzy feeling of security, but not necessarily financial security.

@galaxygolden 5 месяцев назад

Biggest mistake was buying a house I was nearly my limit of affordability. If you're pre approved for 500k lets say, don't go for 480k, 440k, 400k! Go for the 350k and live below your means as best you can. You still benefit from equity growth given the area and likely have room for improvements in the home thus boosting your equity and value! Don't go for the big house if you're searching!! 30 years is a long commitment!!

@eliot5220 4 месяца назад

@@galaxygolden why do you have to get a 30-year loan? The problem is people are buying out of their range.

@myzwer 5 месяцев назад

It's almost as if the government we pay 40% of our income to isn't on our side and DOESN'T want to help the average American citizen.

@reesedaniel5835 4 месяца назад

YA THINK!!?

@wescals6849 5 месяцев назад

What about the fact that corporations are now buying single-family residences at the highest rate ever recorded?

@3nigma.3nc 5 месяцев назад

I don't know why this isn't given more attention. Corporations shouldn't even be allowed to touch single family homes. It's disgusting.

@KaylaChaotic325 5 месяцев назад

Exactly. Corporations and hedge funds but no one ever seems to acknowledge this. Relaxing zoning and just continuing to build means less and less land which only kicks the can down the road. The idea of real estate as an investment and money-making tool has gotten out of hand and unsustainable.

@whywouldigivemyrealname5162 5 месяцев назад

I invest 150% more than my mortgage each month. I currently think I'm overpaid and don't know how long that'll last. We basically invested my wife's entire salary last year in addition to maxing 401ks. Hoping things continue to go well so we can retire early and not have to deal with too much more of the corporate crap.

@joemomma8830 5 месяцев назад

Sounds amazing mate

@rafaelpaun1907 5 месяцев назад

I don’t even know you and I love to hear that. Good job man

@mmmd3429 5 месяцев назад

The corporate crap will never stop. Plus those property taxes, maintenance, and insurance will always be a cloud over you. The area could take a crap. Garbage neighbors could wreak havoc on your property value and mental health. Natural disasters are a possibility as well. The local economy could swirl down the drain as well.

@dismurrart6648 5 месяцев назад

That's a good strategy

@lyndahammel9502 5 месяцев назад

We have always underbought so we were never house poor thus we could sleep at night. One friend bought a 2 bedroom two bath condo and was able to legally rent out the 2nd bed/bath for several years. That really helped in the beginning.

@kylec4509 5 месяцев назад

Take your mortgage payment each month and divide by 30 days to see how much you are paying for a “days stay”. For instance let’s say your monthly payment is $1800, then you are paying $60 a day to stay there. Add on insurance, taxes, and repairs and becomes even more per day. Kind of a unique way to think of it in my opinion

@nathantappendorf3354 5 месяцев назад

The recent data from the fed showed that the majority of household wealth is home equity and not liquid investments. So you are spot on about the “rent and invest the difference” vs. big mortgage decision. Most people don’t have the discipline to invest the difference, they will spend it on lifestyle creep

@AtsircEcarg 5 месяцев назад

Or we live in places where there is no difference to invest, renting is just as expensive as a mortgage but we can’t save up for a significant percentage in a down payment and incomes are too low.

@Hickmeng 5 месяцев назад

The problem with opening up the zoning and doing massive amounts of new building is that it will take significant upgrades to public infrastructure (electric, water, sewer, etc). This is why the zoning has been so restrictive. So the local taxes will have to go up for some period of time, then they upgrade the local infrastructure, then areas can be recounted for new construction. If the builders would be willing to chip in to the infrastructure upgrades, then things would move much faster. But then the ROI isn’t worth it for the builders anymore.

@jconnolly871 5 месяцев назад

Also I am a global supply manager in construction procurement and I can advise there are definitely many more reasons why developers aren’t building more homes. As you would say; “there is a lot of nuance”. Looking into supply chain, transportation, secure storage, materials deterioration, logistics restrictions, international trade laws etc etc etc.

@cesarcastillo7872 5 месяцев назад

Once again Graham summarizes the issues pretty well. I been following you for years and you always give good summaries of financial ideas and issues.

@dylanpoirier9717 5 месяцев назад

I like the format of this video! Seems more candid than most of your other videos. Enjoyed it!

@yomamaisgaming 5 месяцев назад

Some time last year, I came to terms with never owning a home and now just travel. It's cheaper than rent or mortgage.

@389293912 5 месяцев назад

Stability is no longer a benefit. You are stuck and targetted by the local, cash strapped governments for jacked up property tax. You don't own anything. You are still just renting. Try not paying your property tax (rent). Also many people can work remotely now so moving to low tax locations, even outside your country of citizenship, is a great benefit now. Freedom trumps every other benefit these days

@MillionaireHouseholdFinance 5 месяцев назад

Pretty much every topic related to finance has a lot of nuance. You have to consider everything before deciding to invest.

@jasonisbell7181 5 месяцев назад

However, inventory is non existent and prices are up an insane amount the last few years even in rural areas that don't have zoning...

@user-qj6jb9nk9w 5 месяцев назад

I work in the Insurance industry in CA, and Right now almost no one is writing new policies. Also lots of non renewals happening it’s almost impossible to get insurance besides CA Fair Plan which is super expensive and has about a 2 month waiting time. We will see this affect the housing market.

@redmoondesignbeth9119 5 месяцев назад

That is somewhat reassuring for at least my situation. I have a GREAT deal in the city I love renting from an elderly woman in a nursing home I've never met. There is always that feeling of being ready to move, depending on her health.

@jacobramirezRE 5 месяцев назад

Graham and team, thank you so much for these videos, as an agent this helps me be more informed on what's going on in the market. THANK YOU!

@mr_0n10n5 5 месяцев назад

Honestly, I don't care that the value of a property I buy goes up in price As long as the price is stable and doesn't fluctuate. But it has to be affordable. I need to be able to save and afford to live while paying my mortgage 😭

@Image8O4 5 месяцев назад

They need to build one and two bedroom homes for people who prefer a more cost effective home.

@user-sd5ow2lz9o 5 месяцев назад

But as he just tried to explain, there is not as much profit for builders when building smaller, less luxury, more cost efficient to a buyer, style of houses. So of course builders, who either own their own smaller company and want/need to make as much money as possible to enjoy in their down time, or the building company must always try to maximize their profits to keep their shareholders happy. If you owned the builder company, you also would almost exclusively build the type and style that net you the most amount of profit also. Smaller, basic houses without all the bells and whistles equate to less profit to builders, so they won't be able to stay in business if they were to build very many low profit houses. Unfortunately for younger or lower income people, or even just those of My age or income who wisely want to live more simply these days.

@sambradley6548 5 месяцев назад

graham its videos like these that just remind me I'm not crazy and I thank you for it -your gen z follower

@ben_dukeson 3 месяца назад

As April nears, the home I bought in 2023 has seen its value increase by $60,000 since my purchase. Nevertheless, the downside is the decreasing worth of the dollar. Currently, I'm considering tactics to reinvest $300,000 in the real estate sector.

@GersderaNioer 3 месяца назад

portfolio diversification is very advisable in the investment plane , well i think you need to get a financial expert to assist you with the best financial goal.

@Jasonshelton- 3 месяца назад

Indeed, many individuals overlook the importance of a financial advisor. I've been involved in the housing market for years, initially seeing no need to diversify. However, since I engaged a portfolio manager, I've consistently earned $100k every quarter for the past five years by diversifying across various financial markets.

@DaveMccarthy896 3 месяца назад

as well i have been on the housing market for couple of years , i have the urge to diversify , but i don't know how to go about it , as well i don't want more financial erros.

@Momopimko 5 месяцев назад

Going to try buying again this year. We just want a simple home to raise our family. Fingers crossed.

@WaterKing9 5 месяцев назад

For a long time I was super bullish on buying student rental properties close to universities. I still like the idea but the bottom line is I make marginally more than average household income and I cannot even afford a more permanent place to live. That’s pretty discouraging compared to my parents and grandparents situations.

@billjohnson7904 5 месяцев назад

When I buy beer, I always sell half of them after-hours on the street, that way drinking beer turns a profit.

@abbigailclark1156 5 месяцев назад

Sounds like college.

@jrhunt414 5 месяцев назад

I guess I need to start hustling Naddy Daddy’s.

@NESTMARK 5 месяцев назад

LOL, with FHA 3.8 and i bought a house in June last year. I also think the competition in real estate is killing the market, because everyone want to be a manager and nobody wants to go into Labor again.

@mikealhertzman2530 5 месяцев назад

People with good investment plans not get loans. They buy properties from the returns of their investment. We should be working more on how to invest and have good income.

@ElliotBurno 5 месяцев назад

@@mikealhertzman2530 Yes i also agree with you, the way forward now is investing Putting up a good investment scheme with a good expert.

@KevinArpin-we7bd 5 месяцев назад

I am not a politician but we all know that the present economy is not favorable to many. Things only happen now when you have a good investment plan that brings extra cash.

@andersonstew4928 5 месяцев назад

Google this name Linda Sue Baier and get an answer to your financial needs.

@olivergeorge8788 5 месяцев назад

@@andersonstew4928 That's a big name when it comes to financial management. I know her too.

@Asstronauts93 5 месяцев назад

The only way to afford a house nowadays in to never be in it. If you aren't working 80 hours a week there's no way to afford payments

@SkinnyNiceGuy 5 месяцев назад

I just don’t understand. I bought a house really young with no issues and I live in VA Beach. No help from parents or anybody. I wish I could sit down with somebody and understand why they are so broke

@brett4932 5 месяцев назад

I mean that's just not true. If you share a space with a significant other or friend your options are dramatically increased. Also, if you're willing to put in some sweat-equity (which can all be learned on youtube) you can do a lot more than your think.

@Fitmom312 5 месяцев назад

@@SkinnyNiceGuyHow long ago?

@funtechu 5 месяцев назад

It's still possible to get a house, but you have to save for longer

@RiskOnTrading 5 месяцев назад

@@SkinnyNiceGuyyeah , same . I just bought in May 2023 no help . The PITI payment is big but was just sticker shock … now I’m looking to buy a new build duplex in the next 60 days on top of my primary residence . Not impossible at all just looks like it on paper at first

@carolinecoxfilm 5 месяцев назад

If you think home prices are high in the US, you wouldn't believe the price in Canada. Things are getting sketchy up here. HIGH debt to income radio. Especially in Toronto and Vancouver. scary stuff.

@Blitcliffe 5 месяцев назад

I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .

@Natalieneptune469 5 месяцев назад

I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.

@Blitcliffe 5 месяцев назад

I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

@Blitcliffe 5 месяцев назад

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@DBCdestroyers 5 месяцев назад

Hey Graham, I'm closing on my first home on the 2nd. I'll be in the centennial hills area of Las Vegas. My wife and I moved to LV from the Seattle metro because it was just too expensive over there.

@206remyboyz7 5 месяцев назад

I am too leaving Seattle in the near future. I am going to use my First Time Homebuyers in Arizona, preferably Phoenix or Tempe.

@AdamG20 5 месяцев назад

35% gross debt to income I couldn't imagine paying $2800 a month for a mortgage good weather isn't worth that much🤑🤑

@chilldaze7042 5 месяцев назад

Not to mention zoning regulations on how big the house can be as well. So we’re even more limited!

@hannahforrester6782 5 месяцев назад

Dual income is the only way… and good dual income at that. My husband and I just bought a home for 325k… mortgage is 2400 a month. It would be impossible by myself.

@michaelpoitrast4311 5 месяцев назад

I dream of a 325k house. Nothing under 500k where I live that doesn’t need a full renovation!

@eliot5220 5 месяцев назад

You’re probably over leveraged

@hannahforrester6782 5 месяцев назад

@@eliot5220 we don’t have any other debt. That’s another reason we were able to do it. Most people have credit card payments , vehicle loans, student loans, etc. we pod everything off before getting a home

@clarklowe5632 5 месяцев назад

Also Since the 70's until just recently Interest rates were on a continuous slide which allows the price to go up while the monthly payment goes up. Also add on all the incentives that bring down the cost of the mortgage to people. But we have hit the bottom of that run a few years ago that is why they became so unaffordable when rates went back to the previous average.

@clarklowe5632 5 месяцев назад

One more thing the average size home has doubled since the 70's.

@izy0321 5 месяцев назад

We. Need. Density. Duplexes, triplexes, small apartment buildings, and high rises. Nimbys need to get over it ESPECIALLY in a city.

@cloudyview 5 месяцев назад

Yeah... Owning a house is expensive, beyond the purchase price. It's rough 😄

@Antonio_ 5 месяцев назад

commercial owners have to start applying for variances for some of these old, so called "commercial" properties; instead of it sitting abandoned, especially here in Flint, it can be repurposed, could probably even get a "special use" permit because it would be for the public good since there are so many transient folks

@TheFavoriteColors 5 месяцев назад

If that happened no one would own anything

@TheDigitalSovereign 5 месяцев назад

I see tons of inventory lol sounds ridiculous. The crazy valuations are the issue

@Playingwithproxies 5 месяцев назад

Developers should pay no taxes on the first 10k profit per house they build.

@marcos00114 5 месяцев назад

Finally someone notice the true about population. More people = lees land and property available. = more expensive. Price are not going down. They will keep going up and up and up

@goodfaceforradio13 5 месяцев назад

It is very impossible if you work for free!

@jeffrounsville4961 5 месяцев назад

Great video

@mattanderson6672 5 месяцев назад

Thanks G

@brianwalton6896 5 месяцев назад

Most lenders will do a DTI pushing 50% if you have good credit and income. FHA loans and first time home buyer government programs do DTI up above 50%.

@round3r86 5 месяцев назад

The black hoodie makes it like your hands are just floating around.

@abbigailclark1156 5 месяцев назад

You need to look into how AirBnb is affecting prices.

@joebob4646 5 месяцев назад

That's been disproven.

@kyjahnsmith3685 5 месяцев назад

What he said. Airbnb has a tiny affect on prices and there are more important factors talked about in this video

@abbigailclark1156 5 месяцев назад

@@joebob4646 then why is there so many cities passing legislation regarding limiting or banning Airbnb to help with prices.

@patty7804 5 месяцев назад

Graham I think part of your problem Is understanding the market outside the West coast. There is a good reason we have zoneing regulations

@jimwhitehead1532 4 месяца назад

How to speed housing: If SLOW officials take more than a month to consider a remodel or build application or inspections, you can file an appeal to a judge to waive or grant it.

@patriciadennis850 5 месяцев назад

I have seen more skyscrapers and high rise buildings being built in a short time, and we are still short on inventory?

@josetellez5924 5 месяцев назад

Interested to hear your thoughts on large scale, housing communities that are all for rent and the companies that are taking over large subdivisions with these 3000 square-foot luxury rental homes good investment, bad investment? You’re in Northern California there are many communities such as THAT renting for about 3200 per month crazy

@user-qj6jb9nk9w 5 месяцев назад

Same here in Central California, all the brand new complexes are luxury and start at, at $2500-$3000 for a 2 bed. One that was built they are $4100 for a 3 bed and like $3200 for a 2 bed. It’s insane! Who can afford it?

@lyndahammel9502 5 месяцев назад

In my area all the land has houses on it. Thirty years ago there was still available land ---- no more.

@quiencreesguey 5 месяцев назад

One easy and substantial way to incentivize real estate investors in general, not just developers, to build new housing instead of just swapping around existing supply, is to allow for 1031 exchanges to apply towards new construction projects.

@tygeryoshi7559 5 месяцев назад

i wonder if change in population rates are also affecting the zoning requirements. large boomer generation getting close to end of life and birth rates lowering with higher education and affordability issues would suggest that in the relatively near future, we may not need the same housing supply

@saulgoodman2018 5 месяцев назад

Older houses are cheaper. It would still e cheaper to do a reno. A house is a place to live, not an investment. I would not care what my house will be worth in 30 years.

@BREEZYM6015 5 месяцев назад

I've joined you as a homeowner Graham although on a much smaller scale than you have. I bought a townhome in Las Vegas in September of 2023. Good idea or bad idea? Time will tell.

@jconnolly871 5 месяцев назад

Long time fan. What’s also interesting is how much the number of occupants has decreased from 1950 to 2024.

@solamente 5 месяцев назад

Zoning in California is slowly shifting from local control to the state. It’s not good.

@jordanhughes4436 5 месяцев назад

Real estate nowadays is more of an investment than a place that you live. Big cities that pay high salaries and push people out with lower salaries is also a problem. It feels as if capitalism is squeezing the middle class making us either the haves or the have nots.

@patriciaduenas1321 4 месяца назад

I remember our first property 43 years back it was a veriable loan. It went up to 14% ouch!

@whatsforsupa 5 месяцев назад

All things considered, it's just garbage economy planning to allow the rates to get as low as they were in 2019-2020, to triple to quadruple them to today. Wages have went up over the last year or two, but they are significantly hurting buyers in that regard. It would make sense if there were stronger "first time homebuyer" protections and assistance in place, were maybe the rates were locked or guaranteed at a certain price.

@kingbender22 5 месяцев назад

they will say they cant build more house because the workforce for building them has gotten smaller cause they dont pay much more the 17-25 per hour starting to max

@tdillins 5 месяцев назад

Employers need to increase income of their employees too. When cost of living rises and inflation rises, it's the job of the employer to increase their workers wages. But they don't because they want to profit more for themselves.

@bri4550 5 месяцев назад

My husband and I have a household I come of $280k and we can’t afford a house with a 60k down payment. Actually we could but we would be completely stupid to pay $6k a month on mortgage, PMI, and taxes when we can rent for $2200 a month.

@eliot5220 5 месяцев назад

You’re going to spend $1 million in rent. You should find a state that’s more affordable and move there.

@stoneyswolf 4 месяца назад

You can afford a home just not the home you want. Perhaps your expectations are a little higher than reality can bear. I make 80k a year and have two homes. Realize reality.

@eliot5220 4 месяца назад

Why don’t you buy a house for 280k? With 60k down you will only owe 220k and that payment will be about $1500

@landmark22 5 месяцев назад

Lumber prices drop but the price remained at that inflates price.

@EddieLifts 5 месяцев назад

It’s not impossible. Takes a little strategizing. Purchased my home a while back, my mortgage is 1900, rent is 2500. Leaving me 400$ profit , once rented. My boy bought a 430k home, split it into a triplex and is now bringing in 1200$ profit. These profits are then used to live for half the price elsewhere while the properties pay themselves off and you’re saving a few % for repairs and vacancy. Buy a duplex or triplex for your first property and use the income to pay for half of your next properties mortgage

@emcwealth 5 месяцев назад

Basic universal income to put a roof over everyone's head as long as they are working or disabled... real estate prices have gotten stupid high... a base line needs to be established

@Slyons89 5 месяцев назад

Graham, most people cant approach buying a home like that, because they can’t buy a 600k house for 500k. If you could share that secret, we’d appreciate it. Everything I’ve tried to buy in the past few years has sold for way over asking. Not under. And definitely not 100k under market value.

@joefunk76 5 месяцев назад

His secret is that he started his career as a RE agent in one of the best RE markets (LA) in the country at the trough of the last RE cycle ~15 years ago. Timing is everything.

@LEVO555PR 5 месяцев назад

I keep hearing the world: "Populations has growths." Since the big boomer "baby boom", I always see a decline in babies and increase in death. I cannot understand how now we suddenly don't have enough. Or someone is holding them out of the market.

@scourgejr.8303 5 месяцев назад

Immigration

@LEVO555PR 5 месяцев назад

@scourgejr.8303 enough to outweigh both scenerio, also immigrants would come with a salary or wealth over 100k? Why would anyone even immigrate?.

@scourgejr.8303 5 месяцев назад

@@LEVO555PR you see it in California a lot where there’s multiple families in a single house. They might not be wealthy individually but a collective effort by multiple families certainly can take up housing supply.

@jimwhitehead1532 4 месяца назад

Why is there any rent control on ADUs? Free it when an owner occupies the main home.

@OneTwoZooPie 5 месяцев назад

My suspicion is if they magically doubled the number of houses overnight, we'd have twice as many overpriced homes. They're not going to allow the prices to drop.

@NeoSoulCrew 5 месяцев назад

You don't understand how supply and demand works

@kpeggs82 5 месяцев назад

Closing on a house in two weeks.

@plywood7894 4 месяца назад

I love renting. I’m way too lazy to maintain or do anything other than to make one payment per month. (Is still have to pay for electricity and gas but even that’s too much ). I have zero interest in doing DIY or gardening. If my landlord increases the rent too much, I just move. I put money to 401k to the max and save the rest for emergency. Besides, I love it when people assume that we are poorer than we are because we aren’t expected to spend. I also have an excuse not to invite anyone because we don’t live in a house (I hate hosting or having strangers over). Right now we make 200k and most of the money goes to our son. (We put him in many hours of therapy for his disability and I get a lot of educational toys and books).

@greylindjames1786 5 месяцев назад

Or developers could just build houses because their need. Also changing zone isn’t going help because at the end of the day greed is gonna win. 🙄

@louisianabeast 5 месяцев назад

Still liking!

@STORM3SHADOW 5 месяцев назад

Drink more coffee, Graham. You look and sound half awake this entire video! 😅 But somehow you still made alot of sense!

@christophermanabat1934 4 месяца назад

Buying a house is not impossible… my wife and I saved $250k in 5yrs to buy our house. Live below your means, avoid bad financial decisions and set a yearly goal. Our combined income was $90k net, our goal was 50k per year. We rented a small room in a shared house for $750 monthly, we drove a 15yr old Honda civic that I purchased for $1000 cash. We spent only $500 on food monthly and made our yearly goal of $50k saved. At 25 when my wife got pregnant, we bought a humble home. People just don’t know how to save money anymore. Better to sacrifice for 5yrs and buy a home than live a comfortable life paying someone else’s mortgage.

@davidg11134 5 месяцев назад

Haha in the states it’s possible come to Canada it’s no where near possible unless you have a very high income

@CarynConnolly 5 месяцев назад

My 1435 sf house is at or close to $500k.

@Lyokou 5 месяцев назад

I'm not buying the low inventory story. Here in the midwest we have so many people purchasing starter homes, then they tear them down and build a McMansion on them. Why wouldn't someone with that much money build on new land instead of a new development? It has to be more expensive to do the tear down and purchase the property with the building on it. I truly think there's too much money in the system between boomers with equity and pensions and institutions. The younger generation just can't compete, and they're tearing down the homes they'd otherwise get.

@christinab9133 5 месяцев назад

❤❤❤

@jermainemyrn19 4 месяца назад

I typed in on Google "how many homes sit vacant in America". It says 16 million. So why did you say that there are more people than homes?

@FIVESTRZ 5 месяцев назад

Those values at the start essentially mean it went down.

@lyndahammel9502 5 месяцев назад

It would be great if basement apartments were allowed but not so.

@ProjectM97 5 месяцев назад

Can you give us an update on Yotta Savings? As an angel investor did you get your money back?

@lyndahammel9502 5 месяцев назад

ADUs can make sense but localities won't allow them.

@toulor3403 5 месяцев назад

Force investment by mortgage is a good take. If it's not forced, you won't invest. You will see the $$$ and go spend it.

@allanskibel7918 5 месяцев назад

2nd. Looking to buy investment real estate and its tough.

@TheGrahamStephanShow 5 месяцев назад

Agreed!

@Anything.is.Possible 5 месяцев назад

Ahh have you actually looked at the market? There are tons of homes sitting and the prices are dropping daily. 😅

@msbgone 5 месяцев назад

The thing is the schools cannot hold all these new families in these new houses. It really is a mess.....

@thetommantom 4 месяца назад

You need to have educated local people who know where the land is fore sale and people who know how to literally create a development and city planning food services jobs

@BM-kw2tu 5 месяцев назад

“You will own nothing and you will be happy”….

@DC-sh6xk 4 месяца назад

There'd be more home inventory if people stopped buying single family homes to rent to other people.

@onemetaobstacle 5 месяцев назад

What did you mean about no "inventory "?

@TheGrahamStephanShow 5 месяцев назад

This means there are very few homes listed for sale compared to normal

@onemetaobstacle 5 месяцев назад

@TheGrahamStephanShow I watch your videos like a religion not gonna lie! I'm from LA, but want to move to Vegas, I see a while lot of houses for sale there. Is there certain places that the lack of inventory does not apply?