Why You Shouldn’t Buy A Home In 2024

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Take your personal data back with Incogni! Use code GRAHAM at the link below and get 60% off an annual plan: incogni.com/graham | Let’s discuss why so many home buyers now regret their home purchase and the five most common home buying mistakes that almost everybody makes - Enjoy! Add me on Instagram: GPStephan
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Most Common Home Buying Regrets For Millennials…
Chapters:
00:00 - Home buying Regrets
01:13 - Higher Prices
03:04 - Regret #1: Too Much Maintenance
05:41 - Regret #2: Bought Too Fast
07:54 - Taking back your personal data with Incogni!
09:35 - Regret #3: Spent Too Much Money
11:16 - Regret #4: Buying a Fixer Upper
13:37 - Regret #5: Pressured To Make An Offer
14:34 - Regret #6: Didn’t Buy Sooner
16:09 - Common Regrets
17:02 - My Thoughts and Suggestions on How To Avoid Regrets
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Опубликовано:

4 июн 2024

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Комментарии : 1,4 тыс.

@GrahamStephan 21 день назад

-Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further - enjoy! docs.google.com/spreadsheets/d/1FlvOKGOlwAsRQl6L60AH8Izv_CmPFY4P2mFpuvzueBE/edit?usp=sharing -Take your personal data back with Incogni! Use code GRAHAM at the link below and get 60% off an annual plan: incogni.com/graham

@NewMoneyBroker 20 дней назад

GME 💎🙌📈🤑

@jaredfisher7086 20 дней назад

I enjoyed the comedic relief of the intro being backwards. funny stuff before hard truth make its better.

@dj3xN 20 дней назад

PROOF

@fireboltaz 19 дней назад

Graham. I’ve been watching your material for years now. If people took your advice from the beginning, many of the issues you brought up would minimally impact people with good ethics to saving, investing and planning long term. You’ve done a great job to echo this to the masses for awhile now and I and many others thank you.

@AMarie_USA 19 дней назад

great advice on sticking to YOUR own budget, NOT what they pre-approve you for, which could be way higher and actually unaffordable. I still stick to the 20% rule- home exp. is no more than 20% of net income.

@jakewilliams388 20 дней назад

Should have bought in 1992 instead of wasting time in the womb

@badassdahn654 20 дней назад

😂😂

@mph5896 20 дней назад

2009-2019 was a great time to buy

@toxicthesniper8264 20 дней назад

Fr he doesnt have an excuse. At that time he shouldve been in his 20s and buying a house wouldve definitely of been an option @mph5896

@marciamakoviecki3295 20 дней назад

😂

@Utubeacct 20 дней назад

😂

@GavinGMoney 20 дней назад

You know we are in a tight spot when the real estate guy tells you not to buy real estate.

@GrahamStephan 20 дней назад

IF you buy, just run the numbers, understand why you’re buying, and make sure you intend to keep it long term. Renting (in most cities) is a lot cheaper right now in the short term.

@MikhailFromUSA 20 дней назад

@@GrahamStephanyes that is why the prices should fall 2x at least to make sense of buying again

@RealSnoob 20 дней назад

@@MikhailFromUSA Or rents will double to keep up with the housing market...

@AyjayAlleyway 20 дней назад

@@MikhailFromUSA they absolutely won’t fall anywhere near that much. Keep dreaming.

@reyman011 20 дней назад

@@GrahamStephanI read all your replies in your exaggerated RU-vid voice lol

@jdf9456 18 дней назад

He made this exact same video in 2019, 2020, 2021 etc. Glad I didn't listen during the pandemic when he said prices would fall afterwards.

@ahhhhhyeah 15 дней назад

Exactly. And prices are NOT going to fall anytime soon so he’s wrong again.

@Zelielz1 15 дней назад

@@ahhhhhyeah Well there are some price corrections happening right now.

@ethandinh4367 15 дней назад

Yeah his videos really have gone downhill and clickbaity. I watch clear market tax much better/realistic information

@michelle56704 15 дней назад

Lol, either live with your parents or buy a home if you can. Do NOT wasting money renting and with a roommate/s.

@softaco3088 15 дней назад

Yep, all these "gurus" do

@Mr-sweeny 12 дней назад

I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

@PhilipDunk 12 дней назад

Although it's a personal choice, Forbes reports that housing activity will essentially stagnate for the majority of the year, so you might want to wait a little longer.

@Nernst96 12 дней назад

well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.

@PatrickLloyd- 12 дней назад

Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

@PatrickLloyd- День назад

‘Amber Dawn Brummit’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@JefferyDuns День назад

She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.

@himeiloveme 17 дней назад

Millienal here just bought a house 2024 and I never been happier. My home price increased 15,000 since i purchased 😄. Also home maintenace and simple home repairs from fixing a leaky toilet, to simple plumbing even installing newoutlets doesn't cost much when you can do it yourself. I remodeled my parents entire restroom myself just from watching DIY youtube videos. Atm I remodeling my own garage from head to toe, new drywall, fixed up electricals, paint, new epoxy floors and diy cabinets and new led light bars, all learned from youtube and so far the total ocst is only $600. Pro tip: when working on electrical please have turn off all power from the main breaker and spend like 50 bucks on a voltage tester before working on it. Also someone quoted me $200 to install a ring camera flood light and i did it myself watching youtube again took me 30 mins. We are in a time of DIY and honeslty it feels so satifying and its super fun.

@robertbruce8776 17 дней назад

Leave the garage floor coatings to the professionals

@Charles45Soccer 14 дней назад

Your home price is completely unrealized, it could just as easily go down $15k

@laneyluneva 13 дней назад

DIY can get you in a lot of trouble my man.

@geraldt331 12 дней назад

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

@yeslahykcim 12 дней назад

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

@Jadechurch-ql3do 12 дней назад

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

@lucaswilliams9992 12 дней назад

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@Jadechurch-ql3do 12 дней назад

Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@brianwhitehawker1756 12 дней назад

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@sallyprzybil2404 20 дней назад

Great timing Graham! I just closed on a house Monday! It was on the market for months and months. I got a great deal. Nothing wrong with the house. But it’s in a small city where there aren’t a lot of jobs. But then, I’m retired so I don’t care about the job market in the town. It is 20 minutes from another city of a somewhat larger size that has a great job market. I’ll have a lake view and peace and quiet. I’m happy with that.

@prasannagaikwad2349 20 дней назад

Best wishes!

@commonsense6967 20 дней назад

Congrats!

@sallyprzybil2404 19 дней назад

@@commonsense6967 Thanks. I’ve been saving for the down payment for a long time. And have a plan on how to pay the principal off early.

@treyjames1205 19 дней назад

I’m happy you closed! I’m closing next month. I also got pretty fortunate. I live in a smaller college town. We’re about an 45 minutes outside of major cities but it’s awesome. I found a seller who was older and moving south to retire. The house was extremely well kept and a lot of items are new. we agreed on a phenomenal price. It can be done. I first got preapproved from a lender and searched for months then withdrew the downpayment from my 401k.

@ChrisJohnson-pc3pd 17 дней назад

What was your interest rate

@Co_ol.extras 20 дней назад

You know inflation’s gone bad when this guy tells you not to buy a house lmao

@GrahamStephan 20 дней назад

I’ve been looking to buy something since 2022, and the numbers just haven’t penciled out when compared to cashflow / other options

@SnoopEastwood 20 дней назад

@@GrahamStephanAt this point the average person will only be able to inherit property

@Slappysworld85 20 дней назад

@@GrahamStephanafter all these years we finally agreed on something. 😂

@gw6667 20 дней назад

We just bought first house. Older millennials, though not your first-house market, 900k. We'll see how it goes

@hg2blackcat411 20 дней назад

Thats rough @gw6667

@michaeltoney2277 20 дней назад

Best advice I can give to people buying is look at the satellite view for the neighborhood. You can tell a lot about hoarding issues, area companies, hidden homeless camps.

@RealHomeRecording 20 дней назад

Street view on Google also is pretty cool.

@cocostrayer6667 19 дней назад

Also be careful of any undeveloped parcels adjacent to your property of interest. Our peaceful, rural subdivision of large lots is now hemmed in by sardine subdivisions, a shopping center, and other commercial buildings where lovely quiet pastures and forests stood for decades.

@karenkramer3760 19 дней назад

@@cocostrayer6667 Damn. That's a good point. How far is it from you?

@Mr.LaMora 19 дней назад

Best advice I could give is don’t buy a house in 2024

@SuperFlashDriver 19 дней назад

@@Mr.LaMora It's this reason why I'd prefer an underground bunker with a mailbox outside of it rather than a house...But that's just me.

@SnoopEastwood 20 дней назад

Should have bought a house in 2012 when i was in middle school

@lorenzo5687 20 дней назад

😂😂😂

@robinthestate6548 20 дней назад

Same

@Donkiko-bz1lv 20 дней назад

Buy now or buy when you’re 60 years old 😂

@darex0827 20 дней назад

Dude, too old. Should have bought on a zero down 30 year fixed when you were born.

@rickrobinson8417 20 дней назад

Live and learn

@jmarks2k1 20 дней назад

"Rent is the most you'll pay every month" ... ... until your landlord increases your rent next year (and the year after that, and the year after that, etc.)

@occupytosavetheworld 20 дней назад

The operative phrase there is every month. Of course rent increases occur but the sky is the limit with homeownership on a monthly basis. That's is his point.

@RockyTopYoullAlwaysBe 20 дней назад

2023 to 2024 my rent went down by $100/mo

@auggieoutdoors3325 20 дней назад

Homeownership comes with variable input costs of which renting does not.

@pedro72246 20 дней назад

Move to a cheaper place every year then it goes down down down

@VgVi13 20 дней назад

@@RockyTopYoullAlwaysBe You are definitely one in a million. Lucky you.

@badboybootz8 20 дней назад

I make 80k a year and cant buy a house in florida its disgusting

@spencermoeller2629 20 дней назад

Down payment will get you a house

@badboybootz8 20 дней назад

@@spencermoeller2629 I dont need down payment I have VA loan

@beyoutifulglam 20 дней назад

@@badboybootz8 The market is so hot in Florida, most sellers wont even consider VA or FHA loans it really sucksssss! I hope you´re able to find a property you like, thank you for your service.

@sinamen516 20 дней назад

Relatable smh

@parker4298 20 дней назад

Same. I am buying a condo this month and my friend is paying half of the mortgage

@brittneygunter8165 18 дней назад

Older millennial here! Got divorced in 2020 and moved to an apartment for a year to take my time looking for a home. Housing prices doubled, inventory plummeted, and interest rates skyrocketed. I was almost priced completely out of the market. I think you touched on nearly every one of my regrets. My plan is to just stay put for a good amount of time and course correct when it makes sense.

@rangequeen 18 дней назад

Sorry to hear. I hope things turn around. Wishing you the best!

@dont_trust_any1_even_ur_waifu 15 дней назад

got divorced, yikes sorry for your fail

@TheKad33 20 дней назад

Mine isn’t regret about the home itself , but more about the HOA it’s in.

@IRLSuperb 20 дней назад

Why would you buy a house with an HOA? I avoid it like a plague

@nrm3247 20 дней назад

Bad

@kyle6703 20 дней назад

HOA’s are a RED flag… Avoid HOA’s at all costs if you prefer autonomy and freedom to do what you like with your home and property.

@Utubeacct 20 дней назад

Same here i am anti-hoa!

@teacupteddybear6778 20 дней назад

I rent in a effing hoa and they're a god damn head ache I will NEVER buy in a hoa

@MablePauls 20 дней назад

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

@Stephine-un5zs 20 дней назад

There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist

@SirBenjamin-oq1wd 20 дней назад

I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders

@Elizabeth-mh2dj 20 дней назад

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

@SirBenjamin-oq1wd 20 дней назад

Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.

@Elizabeth-mh2dj 20 дней назад

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

@MuneverGoktekin 20 дней назад

FourPrime Token, making everything right in 2024 it seems

@ky0611 20 дней назад

I better buy that then!

@PlayboiMaui 19 дней назад

stooop

@EricAndradeMusic 20 дней назад

I wouldn't say that I regret it, and I'm not sure many others do. But you really need to understand what you're getting yourself into. You're taking on a very large loan for 15 to 30 years. Are you okay with this? Do you understand the responsibility that it comes with? No matter what job you have, what problems you're going through, or what bad luck comes your way, you have to pay that mortgage.

@ubuntunewb 19 дней назад

Millennial here, 1st house purchase on 2017, we did go with asking price, but asked for half closing cost covered by sellers. We are purchasing a house now, with experience, we are buying in a great neighborhood, under asking price plus closing costs concessions, and additional repairs from inspection. Do not get taken, do proper due diligence!

@GetIrked 20 дней назад

As a homeowner who's had to replace a few garbage disposals, the "garbage disposals last a few weeks" line nearly made me fall off of my couch laughing! 🤣🤣🤣

@whichri79 19 дней назад

I've never replaced one

@twelvenation985 17 дней назад

@@whichri79 some ppl treat as a actual GARBAGE. ive had to yell at ppl for what they wipe off their plate into my sink becuase no one ever taught how to use it or dont understand not everything goes in it

@MichaelKennether 20 дней назад

Thanks for sharing FET and AMS89H. 💯

@SanjayKumar-xf6fe 20 дней назад

Why everyone is talking about AMS89H?

@shankaryaadav3750 20 дней назад

really good project

@janakkumargond2111 20 дней назад

AMS89H IS HUGEEEE!!!! 😎

@ramieshmiddleschool2182 20 дней назад

my friends told me to buy this

@ChandhuDola 20 дней назад

THis will change the world of cryptocurrency

@camyronbrown 20 дней назад

Closing on a home next week. Might as well cry while I watch this.

@GrahamStephan 20 дней назад

Congratulations!

@camyronbrown 20 дней назад

@@GrahamStephan Thank you! Recent subscriber. Love the content.

@Lazzil 20 дней назад

@@camyronbrown Hey, at least you got your foot in the door. If your inspection shows any kind of wear or deterioration, replace it asap. Taking a more proactive approach to maintenance will reduce overall repair costs and add value to your home.

@6speed818 20 дней назад

You just made that seller rich. Why can't you people have patience

@thadlm2698 20 дней назад

@@6speed818FOMO…YOLO…😂

@ph1426 20 дней назад

as someone who just wrapped an over budget, over time renovation don't think you got away with going from 25 to 35% over budget.....I heard it, I felt it, I cried.

@Thrivinglife3835 17 дней назад

Same here, I underestimate the renovation cost… it was a great learning experience.

@renegomez6679 20 дней назад

I’m 25 have 100k saved and still live with my parents. I really wanna buy a house but I don’t wanna get a bad deal either. Although I’d love to be on my own I’d rather wait things out and keep saving.

@marcusschloredt3423 20 дней назад

Move out bro Your parents deserve to move onto next phase of their life and you are stalling growth I waited till 24 and regret it

@NiceGuyDan08 20 дней назад

Man if you have 100k you can easily qualify for a house in the vast vast vast majority of locations. My advice would be to house hack. I wish I would have done that years ago to start out

@Donkiko-bz1lv 20 дней назад

You have money to move but it seems like you’re afraid to move and face life on your own. Your parents will be gone one day and you will be a weak person to face the real life. Move now Man! At least you will still have your parents for support in case of an emergency.

@missalicesmiles 20 дней назад

@@NiceGuyDan08the mortgage, property tax and insurance may not make it feel worth it if they already have a good living situation going

@NiceGuyDan08 20 дней назад

@@missalicesmiles I'm not necessarily saying they SHOULD do it, I'm just saying that they have more than enough to do it if they want to.

@BrittScholler 19 дней назад

Although I have interests in global economics I don't watch the news anymore... I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 16 btc from day trading with Francine Duguay in few weeks, this is one of the best medium to backup your assets incase it goes bearish.

@DougDuhart-do6oi 19 дней назад

Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!

@EvarCristina 19 дней назад

This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.

@karami84 19 дней назад

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

@Matt3Levine 19 дней назад

It really helped trading with Francine Duguay analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..

@KiraHdez 19 дней назад

I read about her too on the website. That is how I get connected to her. Thanks for putting this down here

@GoldGunsandGolf 15 дней назад

First FTX NOW YOTTA!!!!! your recommend online DEBIT CARD has FROZEN OUR FUNDS!!!! they closed shop... THANKS FOR NOTHING,,,, AGAIN!!!!!!!!!!!!

@camere1 19 дней назад

Next Video: Why you should buy a home in 2024

@AutoroTink 15 дней назад

Not related to this video…but is Graham going to give an update on what’s going on over at Yotta?

@flyingwombat4412 20 дней назад

What are odds that ill need to replace garbage disposable by end of video??

@GrahamStephan 20 дней назад

Extremely high.

@Triginhil 20 дней назад

It broke during the time it took to leave that comment

@youngblood23rb 20 дней назад

Only because people use them as a wood chipper or meat grinder

@6speed818 20 дней назад

It's free in California I don't even know why he brought this up

@zxdan7370 19 дней назад

I've been watching your content for years and have always loved it and all the financial advice that you give through your content, so thank you.

@unconventionalideas5683 20 дней назад

This is a really serious problem. Most people have no conception of how increasingly volatile the US real estate market has become owing to mismatches between demand and supply in terms of housing types, with too much single family housing out in suburban or rural locations relative to demand and not enough apartments or other multi-family housing, such as town houses, duplexes, triplexes, quadplexes, bungalow courts, dingbat style apartments and probably a lot of others that I have forgotten about or could not include here.

@royseaberg2214 19 дней назад

Dingbat style apartments and bungalow courts? Those are new ones I haven’t heard . Buying duplexes up to quadplexes is a good idea due to FHA loans as long as you’re willing to live in it for a year. I don’t know a lot about real estate but I heard FHA loans are good but the property has to be owner occupied to get the loan and why you have to live there a year in exchange for loan

@colin31928 2 дня назад

Never trust a guy showing off a car. Click bait. -CPA

@richardpham1707 20 дней назад

Hey Graham, I’ve been watching since 2018 ish, around your credit card reveal video that blew up. I’ve been loving the content recently, the heart to hearts, real estate, investing, etc

@ryang1963 19 дней назад

I miss the old Graham. No video sponsors and ads, and providing fresh insight not just spewing out the same stuff every time 😢

@Arc_514 20 дней назад

Can you make a video explaining how to value a home and see if the price makes sense. Like what things do you look at to know if it’s worth it?

@Helena-ou8ry 19 дней назад

Land my friend, then add building by square footage times by age and what it’s made of. Certainly there is also the consideration of what can be done with it eg. An 800 m2 block may be divided into two properties so a seller of 750 m2 might not get as much. School catchments ect can affect prices.

@cbaum64 19 дней назад

15:25 - It seems you’re just fundamentally not understanding why regular people want to buy a house, and what it’s like to be a renter in an apartment that costs too much and has issues like water intrusion, limited space, noisy neighbors & sound bleed, etc etc etc. A lot of people are just willing to go into debt to have their own space and peace of mind. It’s not always about the “investment.”

@subanark 20 дней назад

I bought a house last year. I really didn't have much choice, becoming disabled meant I would need special accommodations, and my current place's rent is way to afford on a disability insurance plan. Fortunately I was able to purchase a duplex from someone who was desperate to sell and I live on one side, and a family member in another (who doesn't have a high paying job). This allows someone to be there if I need assistance, lets me add accommodations to the place. (I paid in full, no mortgage)

@viking_nor День назад

You shouldn't buy a bank either. Scammer

@jesush9940 20 дней назад

Keep in mind that when you rent, YOU STILL PAY FOR THE REPAIRS OF EVERYTHING. It's built into the rent. So! If you own the home, you pay for everything but eventually the home is yours. If you rent, you pay for EVERYTHING and the home is never yours. Also, rents go up. Your mortgage wont. So buying is still king.

@willowandluka5302 20 дней назад

Yep, renting essentially makes you a modern-day slave. You work for a roof over your head, but you end up with nothing in the end.

@austingeorge6659 20 дней назад

@willowandluka5302 except you eventually unalive and you can't enjoy your weekends cause you're doing chores. People just choose the lifestyle they want. I own the stuff I enjoy (bikes, electronics, and outdoor equipment).

@juliussigurorsson3509 19 дней назад

Graham! you look good! I had to share this video to large group of renters in my country.... some 100k members, so good information about being renter, landlord and home buyers, great video - thanks!

@Gemof2worlds 20 дней назад

Great crash course, Graham Stephan. I took copious notes.✍️🏻

@um375 День назад

What's bad is you promoting scams. First FTX now Yotta.

@josephharty5048 20 дней назад

Your opening… “what’s up graham, it’s guys here”

@christopheralan7600 20 дней назад

That’s how you know it’s bad news.

@user-bj8nn7os1p 20 дней назад

😂

@TzUuup 20 дней назад

It's getting pretty annoying. Clearly doing it on purpose

@KYLE_FROM_THE_FUTURE 20 дней назад

Ok, I was like did nobody catch that 😂

@jahigains9201 20 дней назад

He does it because people asked him to, so now it’s a thing he does

@marcuse423 20 дней назад

I don’t know. After going from place to place renting I can say I regretted renting at a lot of places and they were luxury buildings. I went into buying a place knowing I wouldn’t get everything I wanted, but it’s close enough compared to places I’ve rented in the past. If one can buy a place they should jump on it, if the conditions you established are met.

@tgtongue 19 дней назад

Love the regret portion. I really struggle with this.

@PivotGuy401 20 дней назад

Why am i watching this i still cant afford a home lmao

@GrahamStephan 20 дней назад

One day!

@Donkiko-bz1lv 20 дней назад

You’re here because you’re tired of living in apartments 😂

@JV4L 20 дней назад

Glad younger generations are realizing homeownership isn’t everything. It’s been so overhyped for so long that everyone stretches to overpay for houses, which contributes to the crisis. If everyone becomes rational about their home buying decisions it will slowly deflate the bubble.

@solologging2488 20 дней назад

Wait until you’re retired and you’re homeowner friends are living their best golden years traveling and golfing because of their PAID FOR HOME! While you spend your retirement days checking receipts at Walmart because your rent is 5,000 a freaking month! Only then you will realize homeownership is more than just a status symbol or a trending thing it’s part of a robust financial plan to ensure that your later years are as stress free as possible

@JayJayLee 20 дней назад

@@solologging2488 this.

@steven5096 20 дней назад

@@solologging2488👏🏽👏🏽

@6speed818 20 дней назад

California everything pending.

@6speed818 20 дней назад

@solologging2488 worst time to buy. It's not like houses will be moving up 30 40% again.

@MrS12V2 18 дней назад

Hi Graham, do you think this bubble will burst?

@dsha2006 19 дней назад

Maintenance costs in Phoenix area are very high. Average toilet installed: $900. Painting house (required by HOA after things start peeling): about $5k. New HVAC system: $8k (and this was on the very low end, I was quoted $15 and near $18k. Also don't forget auto repairs. We have a 2014 minivan. Almost every time I go to shop there's $1-$2k of recommended repairs.

@dynamopro2928 18 дней назад

You got a new HVAC for 8k? Mentor me in all of life.

@tennamkha1030 20 дней назад

Too late buddy, already just bought… why do you RU-vidrs keep flip flopping ? Buy a house now guys! Now it’s don’t buy in 2024. Just be real about it !

@ProIific 20 дней назад

Market manipulation…he only interested in lining his own pockets. Hopefully congress grows a pair and starts regulating commercial investment in single family homes.

@topicalstormofficial 20 дней назад

He makes money off making “content.”

@TzUuup 20 дней назад

@@ProIificI don't think Graham is one of those. He isn't big enough. Now Barbara from shark tank? As much as I like her, I think she is one of them

@HH-le1vi 20 дней назад

@@ProIificthe man literally hasn't brought property in a long time. He doesn't care. He's got rental properties and makes enough from his other sources of income that it doesn't make a difference to him. You cynics can't ever have anything nice without downing someone else

@kidilantraveler 20 дней назад

You're right in buying, you'll come to know another 10 years. Never mind this idea. Home will save you through your life. I like Graham though.

@FastSloW-qt8xf 20 дней назад

I grew up on the tracks. Right up from a crossing that requires the horn at all hours. Trains literally shook my parents old house. Can still buy those homes in pa for under 100k move in ready. The trains are kinds nice when your used to it

@valeriew4833 20 дней назад

Yeah there's a train track right behind my house, 20 years and never get used to it, trucks going over the tracks shake the house, and there's an airport nearby so there's loud helicopters and airplanes flying very low that are very loud. Sigh

@Navs126 20 дней назад

@@valeriew4833that sounds like absolute fucking torture!

@rangequeen 18 дней назад

I live right by the airport and you don’t really hear it or it doesn’t bother you when you get used to it.

@AnggingSaging 19 дней назад

💯about not maxing out your budget for mortgage.

@Socal_2498 20 дней назад

I might be the exception. Bought my place thirty-five years ago in San Diego, California for $268,000. I put down $200,000 and payments were around $500.00 a month and paid that loan off in 2011. After 35 years finally getting around to renting out 19.5% of the house for depreciation reasons. It's never ending fixing or replacing drains, cleaning landscapes or replacing fences. As I move into retirement age will keep this going to finance my operating expenses. The reason being don't want to go on Medicare. As a rental making over $14,000 a year will qualify for CoveredCa. Because CoveredCa is less expensive than the governmental Medicare. Then maybe around age 70 years old will collect Social Security if it still exists ~

@jimmbear3998 15 дней назад

Can you do a video about what is happening with Yotta Bank?

@jarde1989 20 дней назад

I bought a condo last year at a 7% interest-rate No regrets, already worth $30,000 more than I owe on it

@user-nx5fx5ky6u 20 дней назад

It's just the number. Ther true is Are you really can sell you condo.and make the profit ?? Don't forget agent cost and other cost that you need to pay to sale your condo.

@bohatybr 20 дней назад

Curious to see how this ages. Must not be in Florida because here condo prices are tanking due to special assessments, HOA, taxes, insurance etc.

@Donkiko-bz1lv 20 дней назад

Condos take a long time to sell.

@FastSloW-qt8xf 20 дней назад

@bohatybr yeah that's a disaster.

@laerik0520 20 дней назад

LOL Redfin and Zillow has their estimates but doesn’t mean you can sell it at that price. Condos are really hard to sell because most people who are looking for home are looking for houses. Also factoring in the HOA payment every month, it makes it super unattractive. Good luck in selling it in the future. It costs more money to buy a condo than renting it.

@ZackSeifMusic 15 дней назад

With an average house in my area being 450k and interest rates still 6-7% it's stupid to move right now. There's no light at the end of that tunnel because it will not double in value and keep up with future inflation 15-30 years from now. Something needs to change.

@chaseyniguez9415 20 дней назад

Hey Grant, I started working for a home builder on the 20th of May. Anyways, what books should I read for a rookie in RE?

@nataliasoloviy3617 20 дней назад

This is one of the most important and valuable videos about homeownership. I hope everyone watches before buying a house 🏡. Thank you

@vinjames9334 19 дней назад

I have no regrets selling. Had 250k put into my pocket. Paid off all my family debt, full emergency fund, and beefed up my investments. purchased new house lower than 2008 value. Put aside 100k for renovations. Will have almost half-mill in equity. Once rates eventually, if ever, will cash out refinance that out since my mortgage cost is pretty reasonable for the property.

@Daniel.rangel 20 дней назад

Graham, could you make a video on how you run the numbers to determine whether it's worth it to purchase a property?

@Spoolyboyz 19 дней назад

First time homebuyer millennial here. I’m currently in the process of looking to buy a homes and this video came in the perfect time. The market is saturated with the buyers but not enough inventory. People are willing to pay 15 to 20% over asking price in Connecticut for houses that aren’t worth it.

@buzztrucker 20 дней назад

I've said it to friends, acquaintances, and even strangers. Owning a home is not for everyone. At the end of the day everyone needs a place to live, but how they choose to pay for how they live matters.

@brandylis 15 дней назад

Hi Graham! I signed up with Yotta after watching your video a couple years ages. Now I am not able to get my money out if the bank. Did you have any updates on the bank?

@joshuacarlisle791 19 дней назад

@GrahamStephan im looking to consolidate some debts that i have. my lender and i were discussing the possibility of refinancing from at 30 yr 3.21% conventional mortgage. he told me that a good option might be an all in one mortgage. what are your thoughts on this? he said it might be even better for me because both my jobs (Construction Sales & Realtor) are 100% commission. any advice would be appreciated

@williamflores9779 20 дней назад

Hi Graham I got a question. I’ve heard from Dave Ramsey to marry the house date the interest rate. I’m other words it’s okay to buy a home in 2024. What are you thoughts?

@Diana-dl2ft 20 дней назад

"Something will break the moment it goes out of warranty" 💸💸

@daviddiehl565 20 дней назад

Yes, it's call a house!

@jaggaadaku 20 дней назад

Thanks Graham. I appreciate the video. Can you make a 2025 or 2026 housing market prediction video? Where you share your ideas on what the future looks like

@benjamindouglass802 15 дней назад

Quick summary of what he will say “Don’t buy, the market is going to crash” just like every other year.

@KickinItAllDay 20 дней назад

Graham, I have the opportunity to assume a mortgage at 2.5%. We are paying slightly more than comparative homes but is newly renovated with new HVAC, Roof, and water heater. Do you think that it’s a smart decision with the current economy?

@chaosdragun1608 7 дней назад

Definitely depends on your long term goals. If you can afford to buy a home, intend to live there for an extended period of time & live relatively comfortable, generally speaking, building equity in your own asset instead of someone elses is the better decision. Yes in the short term it may be more affordable rent just keep in mind that when you leave that rental all the payments you made didnt help you build any equity as that only benefitted your landlord. Long story short....do your research, go in with a goal and dont get talked into anything straying from your plan.

@hoopandhands3328 20 дней назад

Well lucky for me I can't even buy until 2025. So I'll just take my time.

@GrahamStephan 20 дней назад

Patience is definitely key in this market

@Donkiko-bz1lv 20 дней назад

Me too I’m timing it for summer 2025 if I keep saving and working hard I should have 100l for a down payment.

@tylerrudd5461 20 дней назад

Worked out for my first home. 2.80% interest rate. The value of the home is up about 80%. Downfalls, property taxes and insurance have almost doubled since purchasing.

@GrahamSalisbury1111 20 дней назад

Your intro actually makes sense to me!

@zackleetecksiang7761 19 дней назад

Thanks Graham! Greetings from Singapore. Looking forward toward your next video and if only I can give you more likes!

@BucketGetter248 20 дней назад

Hey Graham! Great video! Would love to see a video on your thoughts on Dave Ramsey's Baby Steps compared to the Money Guy's Financial Order of Operations and to get your take on the best order to manage your money. Keep up the amazing work!

@ECmom 20 дней назад

He has made the video a while ago if you search it

@thugblaster303 20 дней назад

Hey Graham, a video for current homeowners looking to upgrade would be a helpful video. Many of us feel stuck in starter homes with a low rate. I feel like now’s the time to buy as even if rates are up home prices will raise when they drop rates. Like button pressed!

@pedro72246 20 дней назад

Sell now and rent. Did you even watch the video?

@GrahamStephan 20 дней назад

Great suggestion! I’m seeing this become a LOT more common lately.

@thugblaster303 20 дней назад

@@pedro72246 watching now, got to comment fast for Graham to see. Took the chance. Don’t forget to hit that like button!

@nellygv14 18 дней назад

Some things to be aware of with converting a property into a trust - depending on your local property tax laws, some counties may consider any type of ownership change a reason to trigger an appraisal, which may end up in higher property taxes and subsequently having to go through a hearing with the local tax board. I know because we are going through this process ourselves. Also, you'll have to let your insurance know, which can also cause some issues. Finally, you likely CANNOT take out a home equity line of credit on a property in a trust. Make sure you read through all the nuances of converting into a trust before doing so! Yes, it can provide a measure of anonymity and makes estate planning easier, but it is not without its downsides.

@Sellingtheberkshires 17 дней назад

Graham, what's your take on new construction?

@timmydough 20 дней назад

Graham, Can you make a video discussing what's going on with the Yotta and Synapse situation? Synapse filed for bankruptcy and now all transactions at Yotta have been frozen with no timeline provided.

@samuelapthorpe8531 20 дней назад

Yes please do

@Ridingaroundandgettingit 20 дней назад

Yeah forreal wtf happened

@eliz4463 20 дней назад

I have been trying to buy a house for a while now but it has not worked out because the market keeps moving. I have been getting antsy, so I needed to hear this, lol. Thank you!

@Donkiko-bz1lv 20 дней назад

Keep saving and buy next year .

@youngblood23rb 20 дней назад

Keep saving, get out of debt and talk to home owners in the area you want to live, get a clear understanding of property tax and insurance cost

@6speed818 20 дней назад

Why would you want to buy in this market. Your making the People rich that selling it.

@youngblood23rb 20 дней назад

@@6speed818 Prices arent coming down and neither is rent

@huynguyentoantin 19 дней назад

that's why his channel is popular :)) Psycho medicine

@seansnyder6421 20 дней назад

I'll comment for the intro effort. Should keep doing it.

@anthonyfiorella1 20 дней назад

Graham, I'm 29 and closing on my second house. I'm making a good move and wish I could tell you more about how I'm renting and get some advice for pricing. Upstate NY, love you!

@RickMckee-nq4ni 18 дней назад

Investors are extremely alarmed by the impending recession and the Fed's rhetoric of raising interest rates. My $600,000 stock portfolio has lost 25% of it’s value. Whats the best way to hedge my portfolio to make profit in this coming recession

@Erinmills98 18 дней назад

Everyone is uneasy due to the continuous wars in the Middle East. To get assistance with your portfolio, you ought to speak with an FA.

@HomestarCrawler 20 дней назад

Yeah, me too. I regret not buying a house 5-10 years earlier. Better a bit late than never though.

@jamesrobinson7381 16 дней назад

One lesson I learned when I bought my 2nd house. Don't settle for something average. Before putting in an offer ask yourself if I had to settle quickly what is so special about this house that would help me unload it fast if I needed too? For instance, location to a park, a school, a great view, water feature, etc.

@alfredpee6488 17 дней назад

On the topic of spending too much money, i am currently looking for a home to buy. I am working with a Mortgage Originator as well. Will they be the ones shopping around loans for me to find the best deal? Or should I go to other Originators with the PQF they give me to find the "best deal"?

@tyroilsmoochie-wallace День назад

GIVE ME MY MONEY BACK STEPHAN!!!!!!

@patrickbutras5893 20 дней назад

Why regret it? Keep paying your payment and keep it moving…

@handsomeyoungfella 20 дней назад

“man i really regret taking this job but i’m going to work here for the rest of my life anyway”

@huynguyentoantin 19 дней назад

@@handsomeyoungfella oh you don't have to stay in your house for the rest of your life

@moneymanfernando1594 20 дней назад

When are home prices going to come down?? any crash??

@jamescartier4453 20 дней назад

Hey Graham! Do you still think house hacking is a good idea?

@NicholasBall130 14 дней назад

I sold a couple of properties in 2020 and have been waiting for a housing market crash to buy at lower prices. In the meantime, I've been considering investing in stocks as an alternative. Do you think it's a good time to buy stocks right now? I've heard that the market is chaotic and that we're seeing a "dead cat bounce." However, I also see and read about people making over $225k in weekly trades. How is that possible?

@StocksWolf752 14 дней назад

The strategies can be quite demanding for the average individual. In reality, they are predominantly executed successfully by professionals who possess a significant level of skill and expertise to execute such trades effectively.

@StacieBMui 14 дней назад

I concur. Drawing from personal experience collaborating with an investment advisor, I presently manage a $1 million well-diversified portfolio that has seen remarkable growth. It's not solely about having the funds to invest in stocks; one must also possess knowledge, persistence, and the resilience to withstand market fluctuations.

@cowell621 14 дней назад

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

@StacieBMui 14 дней назад

Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@andrewbeltran5795 20 дней назад

I’m 26 and married. Our first baby is due in a couple weeks. We make $115k+/year. We drive used cars with no payments. My favorite color is blue. Pizza is my favorite food. I’m currently typing this with one hand. I’m a size 13 shoe. I hate the cold, cats, and snakes. This me reminds me of the one time and completely forgot the point of this comment.

@IRLSuperb 20 дней назад

Here’s a cookie 🍪

@Donkiko-bz1lv 20 дней назад

Take care of that baby buddy

@Goodiebar18 20 дней назад

Sometimes I bring a bud light with me In the shower.

@FastSloW-qt8xf 20 дней назад

Thanks for sharing andrew

@austinolaes6998 16 дней назад

We should of been buckling down on our real estate investments, instead of riding our bikes and going to elementary school. Such wasted time. I can only blame myself.

@cbbcbb6803 18 дней назад

What is the best type of lender, a bank or a finance company? What is the difference?

@jaedenwishman3490 20 дней назад

I was just watching your how much home you can afford video from 10 months ago and was hoping you had an updated video. What do you know, you just uploaded a new one an hour later!!!

@k00patr0upa3 15 дней назад

Yo! What's up with Yotta? Where's my money at?

@matthewreyes90 18 дней назад

So does this mean it’s a good time to sell?

@katresealexander1311 16 дней назад

I felt this and turn around the decision asap.

@moe4188 20 дней назад

I just bought my house a week ago, guess I’ll watch this video 🙄

@GrahamStephan 20 дней назад

Hopefully it’s helpful, even in hindsight!

@weerobot 20 дней назад

😂

@pedro72246 20 дней назад

Already $100,000 under water

@mwiltsey 20 дней назад

Good job buying your home! Our first house had an interest rate of 12% (1980's) and we don't regret buying it in the least. It's the best way for most people to accumulate wealth!! Wait awhile and refinance when mortgage interest rates go back down.