This is a flat out lie. You dont need $200k for a DOWN PAYMENT on a $450k home.
@brianwhite1189
2 ай бұрын
You do if you can only afford a monthly mortgage payment on a 250k loan. That's the point here.
@AgentEducationHub
2 ай бұрын
@@brianwhite1189yeah, but thats not what was said. Its misleading.
@brianwhite1189
2 ай бұрын
@@AgentEducationHubYou're right, it is misleading. She makes it sound like a rule, indirectly inferring what the average worker can afford after a down-payment of this size.
@AgentEducationHub
2 ай бұрын
@@brianwhite1189exactly
@dianadorantes5373
2 ай бұрын
200,000 for a downpayment that is beyond insane
@IYELLALOT-bb4bq
2 ай бұрын
I think they mean 20K 200k a 1M home
@CrabFiles
2 ай бұрын
@@IYELLALOT-bb4bq The average home price is 445k, so 89k for the 20%...
@madierose
2 ай бұрын
You only need $80k down on a $400k home purchase to avoid paying PMI. There’s no need to put more than 20% down unless one wants lower monthly mortgage payments.
@rd24life
2 ай бұрын
The amount is based on what they can afford for a mortgage
@llcross04
2 ай бұрын
This report is saying that the average home price and the median income do not correlate
@V.stones
2 ай бұрын
This is preposterous.... Tax and insurance rate increases seem to be pushing investment homes back onto the market. All the profit from holding a rental property are being sucked away. Without cash flow, you'll be eager to get rid of the property now, while the prices are still relatively high.
@V.stones
2 ай бұрын
I have several friends that live in Albuquerque, NM and home prices have increased 35-40% since 10/2020 and they are still going up! Also my niece lives outside Nashville and her house has increased in value by 4K in the past 2 weeks! When will this end?
@kaylacapotosto8523
2 ай бұрын
37% of sellers dropped their prices in Denver over the last month?! Wow.....the crash in the mountain states is officially in motion. I guess people being called back to the office is a huge factor - the WH dream is over for most people.
@kaylacapotosto8523
2 ай бұрын
Prices will continue to decline for the next several years. Reversion to the mean is in progress and of course human greed.
@Deitricklaverne
2 ай бұрын
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@Deitricklaverne
2 ай бұрын
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@mr_smilegaming8842
2 ай бұрын
To clarify: the bank does not require 200k downpayment but 20%. The only reason why 200k is needed is because people can afford a 250k loan so 200k downpayment + 250k loan = affording a 450k house.
@kingbradarmy
2 ай бұрын
That's what happen when people from out of state raid your spot 💯💯💯💯
@daniellebrooks7510
2 ай бұрын
New Yorkers buy homes cash so only they are benefiting
@stephaniegee227
2 ай бұрын
$200,000 to buy a house? What's wrong with that scenario?
@kevinholden-ip5fz
2 ай бұрын
$200,000 DOWN PAYMENT!!
@daniellebrooks7510
2 ай бұрын
In 2019 i was looking for a home in tn in the suburbs was 60k now the price 400k thanks biden
@steveguillory7568
2 ай бұрын
This story makes no sense. $200k is a down payment on a million dollar home. None of the homes they showed in this story is a starter home. How about showing a 3/2, 1000 sq ft house? If first time buyers are looking at these kinds of big homes to start, that may be part of the struggle.
@kevinholden-ip5fz
2 ай бұрын
Thats the down payment needed on a $400k house to get the mortgage amount low enough that they can qualify for the payment
@user-gj6yb2qc7e
2 ай бұрын
Nashville is so ridiculous that a 3/2 home will cost you between $250k-$300k to buy and $1500-$2000 to rent
@chrisrstt
Ай бұрын
Week the people there don’t make a lot of money. Most people are t making 100k a year so if they make let’s say 75k a year. There mortgage must be below 2k to survive
@schawnettarobinson8584
2 ай бұрын
203,000 down payment?
@user-hy3vp5kp1o
2 ай бұрын
America is financially cooked! I moved to the Philippines earlier this year to enjoy my retirement savings, I pay less than 800 dollars a month for my very nice 5 bdrm house. I have zero regrets and zero interest in moving back to overpriced America.
@thepain321
2 ай бұрын
Funny thing is I got approved for a $100k home that is worth more like $40k. With less than $5k down. For a monthly price like 60% our income.. But I could not get a loan for a better condition $35k home with $20k down. Banks want you in a property with a certain perceived value. I ended up with neither. These trendy rural neighborhoods, advertised as starter homes in the $300k’s are not for the average person. That’s like upper middle class. If they aren’t making bad decisions, they have enough money to eat, keep the water running, and lights on. We might eat the same bread, but we don’t have the same problems.
@ap774
Ай бұрын
Unfortunately 200k isn’t even enough for where I live in California, you’ll need 350k to buy the average 1.7M 1900 sq ft home here.
@corajones1980
2 ай бұрын
My brother bought a home for $425,000 cash. We just left this weekend and it's beautiful in Nashville ❤
@JaneTheDoe-id2vx
2 ай бұрын
i wish i had 200k down payment for a house. won’t buyers be forced to pay for a agent now???
@user-dw1ls3rp1l
2 ай бұрын
Nice Freudian Slip at the start there... Also, what lender is requiring a 45 percent down payment? 203k is 20 percent of 1,015,000. If the home is a million bucks and you don't want PMI, then yeah, 203k is what it is. Otherwise ya'll need to check your math.
@9doggie12
2 ай бұрын
They are saying you could finance 200k and your payments be 4k a month lol like wtf that’s not event true with 8 percent interest
@trueprophets4704
2 ай бұрын
The average income in Nashville is around $70k to get it to $2100 you would need $200k down. Just 20% you would still be playing almost $3k a mouth which is crazy. Because that’s more than half your take home salary
@Johngoodman454
2 ай бұрын
No one has that
@UserName-iq7uu
2 ай бұрын
Are people not aware you can put down 3-5%? 🤨
@9doggie12
2 ай бұрын
Your payment would be 4k
@X1.7
2 ай бұрын
400 thousand home with 20% down on 30 yr mortgage- in 15 yrs, you still owe 400 grand 😂😂
@techawatch
Ай бұрын
You pay pmi and morgage insurance for that percentage of down payment.
@dystopia-usa
Ай бұрын
Just another day in our grand red, white & blue corporatocracy.
@BigDawg408
2 ай бұрын
People’s should move because that crazy
@starventure
2 ай бұрын
Move where? The sticks?
@RiZenAsH
2 ай бұрын
For 200k id buy my own land and have one built that isn’t in a sub division with a fking HoA that isn’t in Nashville.
@monk4ever
2 ай бұрын
Overpopulation = Higher cost of living
@SpadezA11
2 ай бұрын
Only cartels can move into those houses 😂
@daniellebrooks7510
2 ай бұрын
Rs
@OGSAFUNKATEER1901
2 ай бұрын
Wow that is cheap!! I’ll take 3!!!!
@user-lv1xu4sy1m
Ай бұрын
There’s FHA loan @ 3% down you know. I think this clips is just scared buyers in the market
@vistabadboi
2 ай бұрын
Y'all keep voting RED !!!! LOL
@CrabFiles
2 ай бұрын
Immigration and transplants are driving up the cost of real estate...
@patrisio3
2 ай бұрын
Well heck, if they vote blue it would be even worse. New Yorkers and Californians have already been moving to Nashville with a lot of money causing prices to go up. Vote blue and even more of them will move there.
@AsaGardiner
Ай бұрын
Click bait!!!!!!!!!!!!!
@jsundberg5542
2 ай бұрын
u snooze u loose oh well. ur president will make it more impossible for u to ever buy a house. lol. vote blue. lol.
@wacokid6588
2 ай бұрын
Don’t worry, the ninjas and homeless are coming and they’ll help this guy bring the property values down.
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