You will REGRET Buying A House in 2024
You will REGRET Buying A House in 2024
Buying Right Now could be the worst decision of your life. Buying a house isn’t about trying to do everything right but more trying not to do anything wrong. In this video, we discuss why 93% of american regret buying a home and how you can avoid it.
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I'm from Canada, in my province, the average house, mainly in my city and area are 350k-600k. I lucked out n bought half a duplex for 224k n put 30k down. So my mortgage was 194k. Since I bought it in May , the value gained to about 300, so I did make money. BUT, I regret trying to live there, I should of just rented it out. Being a single non custodial parent, im hit with every bill, everything adding up to 3000 a month. Now that I'm laid off for the winter, I'm desperately trying to find renters. As I only have about 3 months of Bill money. And I can't sell because it hasn't been a year. I was happier before not owning a house
Didnt you buy a house this year?
Just stop listening to these YouTubers.
been to Texas abd Florida to buy a house. with the high interest rate and not having a financial stability back then, I took a brake for search while am getting more info here and there. currently been renting vs having a house.. rent weights having my own house.
once I see the average price drops to 250k with relatively low interest rates, definitely will buy one.
And besides, this world is a very unstable and disturbing. So putting one and only huge investment in one stationary location will eliminate your chance to move away your biggest belongings if disaster occurs.
I agree lots of short sales are coming, partial
Claims a lot of folks have not been paying they mortgage payments
Subsidized housing in Beverly Hills? With that kind of cash? Geesh!
I bought my house in 2015 and the taxes and insurance goes up every year which is tied to my mortgage therefore my monthly payment goes up literally $50 every year
I bought a rental property in 2016 and a condo in 2022. While I don't quite regret buying the condo, I am now looking to sell it for a small profit while I still can. Turns out I can rent something equivalent for half the price of my mortgage, it would put my kid in one of the better school districts and cut my commute by 1.5 hrs each day. I am prepared to deal with a landlord, but also happy to not have to deal with maintenance, repairs and special assessments. I number crunched and I'll actually make up for loss of appreciation and equity building by being able to invest what I'll be saving each month. Sometimes it makes more sense to rent.
Another clickbait loser
Absolutely. The proof is in the pudding. Markets have crashed 30-40% in areas we've been monitoring in AZ this year, aside from the reduced interest rates on the way. Make no mistake, 2025 and 2026 are the years to jump into the deep end. Anyone who bought in 2022, 2023, or 2024 is already upside down. Enjoy the ride, don't miss your stop.
❤❤❤ thank you for this good advise and Wisdom. I just found your channel and am grateful because i was feel pressured by all sorts of ideas , age etc to look for a home 🏡 to buy but all my saving couldn't get me a decent 3 even 2 bedroom apartment anywhere.
I got financial advisers on youtube and in real life and they advised me to instead not turn my liquid money 💰🤑 into a worthless solid 🪨 apartment i would earn or benefit from anyways.
But to reinvest my hard-earned money 💰 in Treasury bonds and earn interest on them over time. So am continuing to rent without any shame from nobody. I live where i want .
Near supermarket, shops, pharmacy, food market and its accessible to the City .
Thanks for your great video
Good for them. We’re buying a larger house. 😂
Your comment about the 4.6% increase over the past 65 years is disconnected from the current generation. Very few in your audience was even born 65 years ago let alone old enough to buy a house at that time.
yea…but in my area a mortgage is cheaper then rent…rural md…but its impossible to buy a house because the only properties available are fixer uppers, FHA doesnt apply
This needs a communist anthem playing in the background – an attorney and professor living in subsidized housing! This is pure insanity
Renting…if you like flushing your money down the toilet every month..go for it
in 1997 bought a 3bed/2 bath house for 64K It is now worth $351K Yay for me……no wife happy life yay for me
The Titanic never came back
Well im still renting and i can buy a house decided to stay on the sidelines and continue to rent people try to shame renters but according to the numbers of people regret their house and property taxes and homes owners insurance went up i think i will wait this out
A professor and attorney in subsidized housing? What?