Why a House in NOT a Good Investment Posted on March 20, 2019 chicago hotels dallas hotels Good hotels hotels in chicago hotels in florida hotels in las vegas house investment las vegas hotels private jet rental property travel travel vlog vacation 39 thoughts on “Why a House in NOT a Good Investment” I have a house and i pay mortgage and get 1500 bucks for residual income … and i live for free in there Reply Stupid video ! Wastes your time ! Reply A house is not an investment . Paying rent all your life is a great investment. hahahahah ! Reply Stupid ! If you don't buy a house, you spent money on rent. My house is ( almost ) paid., and I'll recuperate every penny I paid. Sell it and go in other country, where I came from, for retirement. I have plenty of time to sell my house, bozo ! Rent money are GOON. This Bozo doesn't count money lost on rent. Reply This guy is long-winded. When are you gonna make your point. I'm tired of watching. Also, calling Rihanna and Alicia Keys "skanks" was very offensive. Reply Who the hell can find rental property where you profit every month right off the bat in this day and age?? Reply Makes a lot of sense but only have one question… If you buy real estate to rent it out, it still won't be cash flow positive… You'll have to pay some of the cost out of pocket because the rent won't cover all the expenses… So how is doing this a good idea? It's almost impossible to find properties where you profit right off the bat… Reply I always felt like purchasing a house to live in was a bad investment even though most people I know think I'm crazy for thinking that. So I'm glad to hear your perspective Mr. Cordone👍 Reply The average house price here in Canada is 1.4 mil in Vancouver and in Toronto where I live its 700k. Reply Hes a actorHes a entertainerHes making money These are common sense things folksGoogle now Whatever it is on your mindaak questions Reply Hello, just sharing a glitch I came across. (Not to brag) I’m a maintenance man by day I get a free 3 bed townhouse with a 2 car garage and, I make 19 dollars an hour. It’s a 200 unit complex which means we rarely do shit lol it’s a easy way to beat paying full rent for something you may never own. I also work at a nightclub by night as a porter making great tips and a great hourly wage plus we’re union that means we have the best medical insurance in Nevada.I’m in the process of getting my c2 Electrical license to be a electrical contractor = financial independence i think I figured it out!In five years I will retire and focus on living for a living oh btw I’m 27.Food for thought. Reply I want a house Reply Neglect Reply I’m a trucker Reply Hi I’m looking for my own house Reply 27:52 LMFAO Reply Only 22. Just beginning my journey to wealth and i watched this video JUST in time! Thanks man Reply I wouldn't take advice from any dickhead who can't put a sentence together! Look at the title people! BWAHAHAHA! Reply Just started following you but pls cut that skank nonsense out! It’s off putting Reply What if u live in the UK and you can't buy apartment units Reply So where do you live if you have a family please? Reply True, . Buying a house isn't an investment, specially if it ain't makin you money or something in return 💰 Reply Mortgage =Dead Pledge Reply This guy is an idiot. Reply Yes Goyim, dont buy a home. Owning a home at a fixed rate for long term is a bad idea. Reply A house is a purchase, not an investment. The fact that the banks can get away with telling ignorant people that a house is an investment means that they have some hard lawsuits to confront before they change the verbatum to telling people the truth-That a house is a purchase. It depreciates in value and it doesn't move. True, you can use AirBNB to rent your home out to strangers, but that doesn't mean your house is the one that made you the money. You used AirBNB to rent your home to strangers. Reply Alicia Keys a Skank? What about humility? Reply I am a bit confused is it also bad buying a House renovating it Selling with a profit? Or deling a House into 2 appartments and retning Them out? Reply Great Broadcast! Reply Grant. In Canada, our primary residence is tax free gains. Does the same advice run true up here when rental properties are subject to capital gains taxes? I don't think so, as your mortgage rate of say 3.5-4% is like earning 5-6% pre tax, which is a decent cap rate lol. Reply This advice is awesome! What you said clicked. Say this to anyone who wants to stay middle class, he or she will say “well renting is throwing your rent away”. Reply After that person buys the building for 750k. What is the minimum he should charge his renters per month? How much does he rent the land, or own the land we're the building sits on? Reply What's the name of the website you use to find apartment buildings? Reply Starts more than 10 minute in. Welcome Reply But what if buying was cheaper than renting? Here in the uk renting is more more expensive monthly on a daily basis then buying, a average rented house would cost around £600 per month where I’m from. But a 90k house to buy with a 5% deposit would probably cost around £380 a month do you think it would still be a better option to rent? Reply You look and sound like a guy I know. Keith Boyd Reply Grant thank you for a contrary to popular belief rebuttal to this concept! Buying in GROWTH markets and yes 5-6-7%+ appreciation isn't out of the norm! And how important deal structure is! Reply I'm undecided about getting one. Once you pay off the mortgage, it seems you're just coming out even because of all the interest that you have paid over the life of the loan. Reply That other skank? You had me until that comment and the racial Asian slur. You're an arrogant jerk. Reply Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.