Will I ever own a home?
I know many have compared it to the housing crisis back in 2007 or 2008, but I don't know if it's going to be exactly like that. And for someone like me, a teacher who make a decent amount, but I'm not loaded, where I can just outbid somebody on a house, it's going to be difficult. And that's what was happening when me and my wife were looking for a house
Hey, what's up, man? How's it going, man? I hope you do get your home. I think it's awesome that you can own a property that you can invest in. But I do wonder, is owning your own home, is it an illusion that we actually own the property? Because most people, they just don't buy the home right straight out of pocket
Because if you don't pay your property tax, well, then the state government is going to seize your home. Same thing sometimes if you fall on your mortgage, then the bank is going to seize your home. So, yeah, I kind of see what you're saying there about it being an illusion. Very interesting. But I guess at the end of the day, I'd still rather be investing in something than renting. But hey, to each their own
Professor Z
@Professor42 · 4:16
This is what I want to do. And this is how it's going to be done. If people were more like. Okay. I'm going to go out. I'm going to buy this land. And I'm just going to start investing into it on my own. Without a bank, you avoid the interest. You can hand select and hand pick everything that you're going to do, and you have the ability to do it over time
phil spade
@Phil · 4:39
And I think that's just talking to Realtors. I think that's the majority of people today and that makes sense. I don't see a lot of people rushing into buying home right now with interest rates that high. And if that is the case, I could see prices start to come down. Once everybody that has the cash kind of goes through their buying process, who's left to buy those homes?
Hey, Jay, this is Jefferson of Cambridge, Massachusetts. Dude. And I really wanted to a quick touch on this subject. My little piece of advice, do not do not pay too much attention on the news about the this crisis that we have going on right now with the housing market. I would not really focus on that at all. Like whether it goes up, whether it's going to crash down
J.L. Beasley
@Her_Sisu · 2:42
I have to say I agree with Omega. I mean, if you're not purchasing the home outright, meaning if the home costs $300,000 and you're putting are paying $300,000, then at the end of the day the bank owns the home and the they will definitely remind you if you're not able to make payments. Trust me, I know. And it's still an exciting journey and process. The American dream, right?