Biweekly can be tricky since most people in average will get an extra check twice in a year. In this video, I am only using two paychecks per month as my base, if I would have divided it by 12 it would have spread out the extra money you would see 2x a year. It would be inaccurate to assume you get those funds spread out, but I should I have acknowledged you would have gotten some extra money 2 x a year. In the future I’ll make sure to clarify!
@Poooridge123
Жыл бұрын
I like to think of that third paycheck as a bonus. So my budget is based off of the 2 paychecks. Meaning the 3rd one that comes in goes straight to savings, etc.
@kaniavaconiomodelingmelani9917
Жыл бұрын
@JavyVidana I've tried getting other jobs, anything above retail requires a degree. There is no hope
@zaofactor
Жыл бұрын
Try tech. You'll have to learn some skills beforehand but you DO NOT need a degree to work in tech. Just start towards the bottom and keep increasing your skills as you go and you can make a good amount.
@imstealing
Жыл бұрын
52 weeks a year, bi weekly is 26 not 13 paychecks. What am I missing here? 13 checks a year is almost monthly pay cycle not biweekly.
@lance3635
Жыл бұрын
@@imstealing He only said that the most common amount of paychecks is 26 (biweekly people). But he's sticking to the 13th-month pay to budget the $50k/yr, because mortgages are monthly.
@AnnaOllsson
19 күн бұрын
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
@HildaBennet
19 күн бұрын
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@FinnBraylon
19 күн бұрын
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount/
@JosephineKenney
19 күн бұрын
Mind if I ask you to recommend this particular coach you using their service?
@FinnBraylon
19 күн бұрын
’ Sonya Lee Mitchell, is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource
@JosephineKenney
19 күн бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@SophiaChristian-so2of
Жыл бұрын
I bought my 1st home at 21 for 87k sold for 197k, 2nd home 170k and sold for 320k, 3rd 300k and sold for 589k and buyers paid all closing costs expenses etc... It is possible and very lucrative as long as all steps and details are followed.
@AntonioBianh
Жыл бұрын
However, it's important to note that real estate investing also comes with risks, such as property market fluctuations, maintenance expenses, tenant turnover, and potential vacancies. Successful real estate investing requires careful research, due diligence, and an understanding of local market conditions. Investors should always assess their risk tolerance and financial goals before making any investment decisions.
@MarkFreeman-xi3rk
Жыл бұрын
Great content. I am in the Nashville area. I purchased my home in late 2016. I sold it this past late Oct. I took a 900K profit (500k tax-free) will write off most of the remaining 400k profit via other tax breaks, and am doing just what RJ says. I am leasing a wonderful large home in my area for the next yr or so and will move back into the market then. Over the nest yr or so, I plan to purchase a home for myself as well as one or two more for equity growth over the 10-20 yrs to leave my kids. I was blessed to do this just a few weeks before the crash in 08 out in the SFB area. The 500k tax-free play is one of the most fantastic things in real estate. Lesson? Don't get attached to a house. When you run the TRUE numbers of own vs rent, in short term moves (under 12 yea) renting is a smart play. I've done this twice in 15 yrs and netted 1.2mm profit after tax. Sell now...buy later.
@cythiahan8455
Жыл бұрын
@@MarkFreeman-xi3rk You have done great for yourself. I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success! How did you get the money for your first home and how did you triple your investments?
@MarkFreeman-xi3rk
Жыл бұрын
I worked my ass off with 2 full time jobs and extras on the weekend. Saved up 25k and handed that over to my financial Adviser to put down and for investing. So I continued working my ass off and in less than three months I was able to lay my hands on my first property.
@JenniferDrawbridge
Жыл бұрын
Credits to Margaret Johnson Arndt, my financial advisor. who has always had my back all through the process of working and investing. You can glance her name up on the internet and verify her yourself. She has years of financial market experience.
@andrew.alonzo
10 ай бұрын
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
@james.atkins88
10 ай бұрын
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
@hunter-bourke21
10 ай бұрын
Very true, I started investing before the pandemic and that same year I pulled a profit of about $750k with no prior investing experience, basically all I was doing was seeking guidance from Camille Alicia Garcia who's a guru in the game, you can be passively involved with the aid of a professional.
@rebecca_burns14
10 ай бұрын
@@hunter-bourke21 Can you direct me on reaching your advisor? I'm looking for a more profitable investment strategy to counter inflation and make the most of my funds.
@hunter-bourke21
10 ай бұрын
Camille Alicia Garcia, is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
@rebecca_burns14
10 ай бұрын
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
@jabbottron9643
Жыл бұрын
There should be laws that prohibit corporations and investment banks from buying single family homes.
@JayKay9112000
Жыл бұрын
Why?
@ironmountain7907
Жыл бұрын
Because when *blackrock* buys all the homes, owns the construction companies, and the land that the materials are sourced from they can directly inflate the cost on everything. It’s a complete monopoly, it’s beyond unethical and downright wicked. My grandfather bought his 5 bedroom 3 bathroom Home in the 70’s on a 5 acre plot of land (not way out in the country btw, very close to town) for $35,000 dollars. It’s insane, the boomers in this country took everything and ran everyone’s debt and credit up and now they get to breath easy and die. Morons will try and convince this is why we need socialism but this is why we need a radical movement in the housing sector to let people build their own homes again because permits are bullshit.@@JayKay9112000
@thicccorgi6187
Жыл бұрын
@@JayKay9112000 Thats an answer you know in your heart. But Ill assume youre being genuine. They literally buy up Millions of homes that they just sit on while falsely inflating the values of the ones they want to sell or rent. And those rent rates are far above and beyond anything that is fair for the average person! They also stand in the way of building any additional housing so they can keep the supply low. The lower they keep the supply, the more they deny housing opportunities, the higher the demand for the properties they own, and the more they can charge for rent!!!
@thicccorgi6187
Жыл бұрын
@@JayKay9112000 It's just wrong.
@txbulldogboxing1462
Жыл бұрын
@@JayKay9112000Because otherwise families have to compete for homes while the wealthy just get richer. If this is the American dream,someone please wake me up.
@name5344
Жыл бұрын
I'm earning around $65k and eyeing a cargo van to live on. This country has gotten too expensive.
@ryancasstevens5812
Жыл бұрын
Yep. I make 60k-70k depending on how much over time I get. Van life don't seem too bad right now.
@DUSTKILLL
Жыл бұрын
I saved up 25k$ living in a prius for 7 months! Aim for a hybrid so you could use the battery to power laptops and phones and have the ability to run the AC all night and day without using too much gas
@itsnick37
Жыл бұрын
@@DUSTKILLLcan they make a small suv Prius 😂 only vehicle I’m aware of that has these options but living in van I think makes more sense even if it’s more money..
@DUSTKILLL
Жыл бұрын
@itsnick37 they do! It's called the prius V but aim for 2015+ models because early once have a oil burning problem
@itsnick37
Жыл бұрын
@@DUSTKILLL 🤯 I was only joking how have I never heard of that….
@billiondollardan
Жыл бұрын
Based on my tax forms I can afford a very expensive house, but since my business loan payments count as income, it's all a lie. I fell into the trap of wanting a big, beautiful house a few years ago and when my cash flow suffered I learned that a high mortgage is a curse. Just because you can get approved for a loan doesn't mean you should take it. Nothing beats living within your means
@bernsfindsandmore7636
Жыл бұрын
agree... I got approved for loans up to $800K but I ended up getting a $300K home in a good area and a low payment due to my low interest rate. I could not be happier. Some people just got to understand that they need to impress themselves and not others. I prefer to have money on hand for an emergency instead of having to borrow more money to cover such emergency. Kind of like insurance, better to have it and not need it than to need it and not have it.
@Maybeemay
Жыл бұрын
What’s bad are people wanting to buy but using someone else to help them get it because of their credit. If the person cannot qualify on their own then they shouldn’t be buying
@sagyobi
Жыл бұрын
True i got approved for a home loan of 700-800k through my business but i settled for a home for 640k. I live in cali anything less was a little bit of a fixer upper
@WisomofHal
Жыл бұрын
@@MaybeemaySomeone sounds salty Lmfao. Who are you to say what someone can or cannot get. What does anyone else have to do with you. You sound mad about the fact that you can’t buy a home and you making up excuses to project your anger on someone else. If, by the slim chance, you own a home and still care how others acquire there’s, then you my friend are what we call a jackass
@WisomofHal
Жыл бұрын
Well said. I live in Seattle and make 240k - I was approved for a hefty loan. I brought a home for 550 - which was a little fixer upper. Put another 50k into it and it’s looking lovely. I’ve from the Midwest - I’ve always wanted the big yard, big beautiful house with privacy in the great school district. I got one of those, the great school district, and after a little a little sweat equity I got the beauty. It ain’t big, but I ain’t dying in mortgage payment like a few friends I know. Later, I’ll get that yard and home with money I’ll have. Even now, after the money I put into my current home I’m having second thoughts about that bigger home and yard. I love what we’ve made our place and I think that is what has made home ownership so much better, despite not getting that dream home: we made what we could our dream home without taking on the killer debt.
@cd-rom.
Жыл бұрын
50k = good luck
@eastsidekoolaid
Жыл бұрын
Nowadays 50k is a good amount to save a year through a 2nd job for big time savings.
@domanisarapeggio
Жыл бұрын
50k in West Texas is actually very hard to find unless you work 100 hrs in the oilfields
@eastsidekoolaid
Жыл бұрын
@@expensivefreedom $50k a month??
@expensivefreedom
Жыл бұрын
@@eastsidekoolaid my bad, that’s per year. Although for the record I hear it’s also possible to scrape by on $50k/month. Lol
@bodrie4
Жыл бұрын
@@expensivefreedom50k a month? 😂
@thabitpulak
Жыл бұрын
You speak very respectfully and fondly of your mother - for that reason alone, I subscribed within the first few minutes. Great video man!
@JustSayYesDiana
Жыл бұрын
About time someone made a video discussing this in detail. Seems so impossible to purchase right now..
@Tetsu9701
Жыл бұрын
Recently divorced and started making 50k. No debts but am basically starting from scratch at 35. Living with parents after the divorce but I don’t ever see myself leaving… I am trying to buckle down and save every penny so then maybe in a few years I can put down 40k+ so I can have a decent mortgage rate. I don’t see any other way to do it at this point.
@last9up
Жыл бұрын
Don't get discouraged. You're doing the best thing in your situation. You got this. Get prepared and buy when you are ready.
@dimi.love.co.
6 ай бұрын
You are not alone. You got this❤
@CrazyCatMan-y1t
4 ай бұрын
Hey, your life sounds like mine. =)
@Jwhiz24
Жыл бұрын
Your Mom probably gave you the advice that 1k per week (52k / yr) was the bar for success over a decade ago (2013). If we assume inflation of ~3% per year, that's 30% inflation. So your mom's figure goes from 1k per week to $1300 per week. Over a year that equals out to roughly 68k per year. If you have an extra 16k per year to allocate your budget will not be nearly as tight. The problem is of course that most job's compensation has not kept pace.
@SoulEraser000
Жыл бұрын
68k per year gross is also more like 85k salary on paper... Truly depressing.
@Necrotheshadow
Жыл бұрын
@@SoulEraser000considering that 88k was the adjusted poverty income by today's money during the great depression this is absolutely rough. Living wage is genuinely lower now than it was then which is hard to wrap my head around.
@brightbulb3
Жыл бұрын
@@NecrotheshadowDo you have a source for that?
@Necrotheshadow
Жыл бұрын
@@brightbulb3 yes the average income across America in 1930 was $4887 a year. Which adjusted by inflation is 88k today. However the poorest jobs paid a measly $1378 yearly which adjusted to 25k today which is crazy that the absolute lowest paying jobs offer the equivalent of a full time $17 an hour job today.
@westabsupplyebay4093
Жыл бұрын
I remember hearing as a kid in the late 90's/early 2000's that my area's median income in Minnesota was about 50k a year. Man 50k a year then is over 75k in today's money , a friend's double wide next door was around 40k when they're parents bought it in 97.
@pchuck1439
Жыл бұрын
My wife and I are priced out of a single family homes. Like you said HOA fees with Condos and Townhomes kill the budget. Looking at manufactured homes but that's also a challenge with expensive lot rents or finding land that a local government would approve for a Mobile home. It's a blood bath out here!
@aaronadamson7463
Жыл бұрын
It may be a smart idea to consider moving somewhere cheaper. Some places in the US are ridiculously expensive just for the privilege of being there. I am from Indiana, and last time I checked, the average price of a home in state was around 260k. The same article I got that figure from, said the average cost of a home in washington state was over 800k. (This data is a little old but I think it was less than a year old). If you can find work in your field elsewhere, it might be a good idea to live somewhere else that's affordable for awhile, until you save up enough to go to some of these expensive areas
@pchuck1439
Жыл бұрын
@@aaronadamson7463 We considered moving but I have to be near a major metro city because of what I do for a living. I don't have to live in the city but be alteast 40 mins out. But its still on the table.
@dahbajanman7044
Жыл бұрын
The difference between 5 years ago and now is just crazy. I bought a Condo less than 10 minuites away from Boston 5 years ago, but today the same Condo is over 110k more and i would have trouble with the mortgage.
@jutde
Жыл бұрын
@@dahbajanman7044 You're not kidding. I bought my home in 2016 for $145k, and now it's worth $275k (tax value). My wife and I were looking at homes with land in the end of 2019 to better suite our growing family and now the cheapest you can find raw land is $10k per acre, closer to $15k/acre for anything with a home on it plus the cost of the home. There's a 30 acre farm with a 100+ year old 3br farmhouse and a pole barn that's been on the market for $750k. That same place 3 years ago was $320k.
@ViolentMLG
Жыл бұрын
@@pchuck1439 Moving out of state is the most ideal scenario for most, but they justify their job to stay, which is illogical. There is an income to average price calculator, AKA, how much of your annual income is required to buy a house at the average price. This matters because this represents the expected income, AKA, your amount you'd 'lose' by moving to a job, VS the average house price, AKA your goal of buying a home. Reventure has an app for this. Starting with the worse areas, its California, primarily LA, San Fran, etc, with a 10X income ratio, meaning you need 10X the average annual salary to buy an average priced home in Cali, at best, Cali has a 4X ratio. Florida is also pretty bad, with similar comparisons, though not nearly as bad in the peaks, Miami is a 7. An alternative to these is this is east-coast beaches, which fall between 4-6. NYC/Jersey is a 6, an alternative to this is Chicago, with a 3X. Texas falls between 4-6, with Dallas and Houston being 4X. Nashville and Knoxville is a 5, while Atlanta is a 4. These are also more 'affordable' alternatives to the west coast that have blown up after the pandemic. Moving into better scenarios, this is some of the most affordable cities in the USA; Birmingham AL, Indianapolis IN, ST Louis MO, Littlerock AR, Oklahoma city OK, Tulsa OK, Kansas City and Wichita KS, Chicago IL, Detroit MI, Pittsburg PA, all with 3X requirements. This does not include every city, nor does it include some more affordable (but less desirable) area's that are 30M-1HR away, or in less popular cities or locations, like West Virginia. Obviously rental incomes and general economies can vary, and yes, some of these places have a higher crime rate than others, but the set of the last cities on this list are larger cities with decent economies and top tier affordability. The only people who believe they need to live in Cali or some absurd city for their job are either smoking cr*ck, or, have a very unique situation. It is likely that most can move, and while losing income, will find a healthier balance to actually afford MORE within their life.
@moretoliving2236
Жыл бұрын
For those contemplating buying an "older house" because that is all you can afford... How does the sound of replacing literally everything AFTER you move in sound to you? Older homes come with older home problems that cost you gargantuan amounts of money. Do not get trapped in a situationship where you can't afford the house you want so you afford a house you can afford and get trapped into a bottomless pit of forever expenses.
@julierocky9993
Жыл бұрын
Get a 203K rehab loan
@djpower8791
Жыл бұрын
We had to do this with a new build anyway, but I get your point. And banks won’t finance in those neighborhoods (like where I grew up) anyway. It’s a remnant of redlining. The property values in those area never increased enough for banks to lend money for you to buy there. People do family-to-family lending because the banks won’t help.
@theladynextdoor313
Жыл бұрын
I see your point but new homes are being built SO POORLY that even then people are having to make major repairs!
@WisomofHal
Жыл бұрын
You can buy an older home, just make sure it has a solid foundation, solid pipes, and electrical. Everything else can be replaced and updated at a fair price. I don’t think a mid 90s home can be considered “old”, but it’s about 30 years old. The “guts” were great but had a little cosmetic issues. We’ve updated those and more and we’re happy with the results. If you can get something in the late 80s or 90s. I believe copper pipes started being used in the 90s and it’s quality material. So, just make sure you have good quality and anything else can be done at reasonable costs.
@SoulEraser000
Жыл бұрын
It's called desperation
@micahjohnson987
Жыл бұрын
I live in western Washington and make over 52k… looking around as a first time home buyer I am finding that the only places I could afford are in eastern washington(the desert areas) or out of state… sucks to get priced out of the place I grew up
@UninsuredDriver
Жыл бұрын
I grew up and live in Austin Tx, I feel you. ($48K mid 20’s insurance agent)
@steveh5307
Жыл бұрын
I live in WA as well. $50k is basically the minimum wage these days. You aren't gonna go anywhere with that kind of salary. Leave your company and go somewhere else. You need to job hop every 2 years to boost your salary. And get certifications/licenses to improve your resume. You need to get into at least $80k if you wanna even think about a small condo.
@WisomofHal
Жыл бұрын
Sorry to hear it man - I’m original from the Midwest but relocated to Washington. It’s a beautiful place.
@micahjohnson987
Жыл бұрын
@@steveh5307 had to stay at my job for 5 YR to get my full return on my 401k but I’m in year 4 and looking for the next better thing! Appreciate the perspective OG
@KellyKels23
Жыл бұрын
Making the same, living in Indiana. I bought my first house 2 years ago while rates were really low and got my mortgage for just over $800. Pretty good, but now it’s creeping up to $1k for a 3bd/1ba 1200sq ft home built in the 50s & I know compared to many other places it’s still good. I want to relocate to another state though & have been researching but it just doesn’t seem like I’ll be able to get a more updated home in a safe area unless I move to another small town which is the opposite of what I wanted, I wanted to move somewhere where there’s more to do and I can get out and meet people. All the places I want to go like Vegas, Sedona, seattle are too expensive.
@LosDoesIt81
Жыл бұрын
That little extra house behind the main house is called an ADU (accessory dwelling unit) and it’s legal depending on state laws. They used to be called guesthouse or granny pad.
@bluespagirl1
Жыл бұрын
He's aware that it's an ADU, but was questioning whether it can carry it's own mortgage.
@What1tmeans2bfree
Жыл бұрын
Thank you for showing examples of homes for sale that are not livable yet have a sale price of $200K! I have also come across similar homes in my searches in Tucson, AZ (or really run down mobile homes for 150K). Not worth the investment. The dream of owning a home keeps getting further away from my reality.
@milyol89
Жыл бұрын
Same😢 this is ridiculous. I regret not buying in 2020
@RubyMVmistress
Жыл бұрын
Shows you how many stupid people go in way more debt, than they can afford. Obviously, yet they judge people who has no debt and still doesn't have a house.
@quietlike
Жыл бұрын
Patience. The market is inflated and will come down. Save and find alt investments until then.
@faustsin9366
Жыл бұрын
O bro I live in a town where they are selling Manufactured homes from the 50s that are run down for 190k
@jamieboer3466
Жыл бұрын
Im glad I live in kansas, pretty good homes for like $150k
@Billothy69
Жыл бұрын
The sad thing is that no matter how much money you have, you will never truly own a piece of property because of property tax. And if you stop paying property tax then you'll have to suffer the consequences, possibly including foreclosure despite the fact that you have the house paid off.
@TheAutumnNetwork
Жыл бұрын
That's why I don't see the point in home ownership if you're smart with your stock portfolio *shrug*. Too many people think a home is a savings account, and they end up getting caught in the house trap.
@THEGAMINGHELP101
Жыл бұрын
@@TheAutumnNetworkIf you purchase smartly when your home is paid off yes you will still have property tax (sucks) , maintenance, and Hoi, however, even all that will be alot cheaper the the equivalent at the time of retirement. So iether way it's worth it if you purchase smart and don't pretend your home is some pigi bank.
@astrahcat1212
Жыл бұрын
Which is why you go to a Louisiana or southern city if you're in America, yes it has it's good and bad areas, but taxes can be as low as 60 bucks a month for a 3 bedroom.
@Billothy69
Жыл бұрын
@@astrahcat1212 you should be able to live anywhere in America and not have to pay the government to be allowed to own what you already paid for
@socalrefrigeration548
Жыл бұрын
The solution is to focus on making more money. Don't say can't or jump into some scheme that looks easy. Do the hard thing.
@lickalotlickalot2210
Жыл бұрын
Hate those house flippers who keep buying up old houses and do half ass jobs fixing them up and sell them in less than 6 months trying to make a big profit, while driving up the prices of the houses for sell in the neighborhood!
@boopy123
Жыл бұрын
Yeah, it sucks. But you'd do it too if you had the money
@runnerup15
Жыл бұрын
They do suck but they suck less than the companies buying up housing to rent it back to you for 2x mortgage as your rent. Those companies are also generally lobbying local and fed govt to prevent new development to keep pricing artificially high in hopes of creating a nation of renters
@HyperGirl81
Жыл бұрын
There was one house that was a flip and the people who renovated it made the outside of the home look very nice. However they used wallpaper that from a distance looked like a real stone wall,the backyard was a swamp and the living room floor was sunken in with holes all over it. I passed on that home since the flippers did not fix the major problems it had.
@FortWorthRaised
Жыл бұрын
I kid you not, in South Fort Worth (where I was raised until I was a teen) in 2019 houses were going for like $40K. In 2023, those same houses are going for over $200K. Investor Groups that have never stepped foot in that part of town, let alone North Texas are buying and overvaluing those homes.
@economicdevelopmentplannin8715
Жыл бұрын
I tell the kids to just buy a house on bus stops together outside of the nation's capital and payoff the mortgage together ASAP. No budgeting. Just buy groceries and utilities, everything else goes to the mortgage. Double up on jobs.
@hydrobuu
Жыл бұрын
Funny south fort worth is consider rundown except near TCU and historic neighborhood
@quietlike
Жыл бұрын
Isnt that good for the locals who sold at higher prices? The investors are getting cryshed and will be forced to sell. Patience and you can be the one to benefit from investor loss. Buying now at these rates and prices only sets you up for trouble if you can barely make the payment -most people
@XDTape
Жыл бұрын
@@quietlike do the locals just go live under a bridge after selling? that kind of market only benefits people trying to leave and already own property. for the renters, they get shafted and sent to go die in the streets.
@michaeltorrey3603
Жыл бұрын
Very tragic what’s happening in real estate right now. Phoenix used to be really cheap. Now crazy expensive. Don’t understand why people keep moving here. Especially now with the insane heat. I am retired on fixed income far below 50K but luckily have paid off house. But unfortunately can’t afford to sell my old beater house and move elsewhere. At least I’m not homeless.
@MRkriegs
Жыл бұрын
is it tragic for those average folks who saved up, bought a house when it was cheap and now have their net worth increase drastically and they can sell the home and move to help their retirement? no its great for them
@nicoleguindo2884
Жыл бұрын
This video was very informative. I live in Philadelphia, PA. Our market is similar right now. You can find homes less than $300k, you will have to do some renovations. We have a lot of old homes. I’m advising my children ages 27, 22 and 20 to save and invest. I want them to stay home, however they have to save $100k by age 30. My oldest is on track to reach that goal by early 2025 and will payoff his student loans this August.
@buttaflyantics8618
Жыл бұрын
Oooo I like that!! I told my daughter college degree and 4 countries on her passport before moving out but 100k saved as well sounds about right. I’m giving her what I truly wished I received as a young adult,, support.
@economicdevelopmentplannin8715
Жыл бұрын
Philly kids can easily buy a house together and payoff the mortgage ASAP if they double up on jobs and get the right skills using ojt.
@economicdevelopmentplannin8715
Жыл бұрын
Zip 19128, quiet street on bus stops. 10 kids can bunk up, in a new construction 5 bed bath house 🏡. 75k each. Double up on jobs. Stack skills to double wages. Should be able to payoff in a year or two. Buy groceries and unlimited bus pass, then put everything else on the mortgage. After the mortgage debt is paid off, then they can invest their money and time wisely to start a scalable business to pay for extra rooms for your grandkids ❤
@michaelallaway8650
Жыл бұрын
You’re a great parent who has made sacrifices for lasting change - I wish my parents were this generous
@DaveDDD
Жыл бұрын
@@economicdevelopmentplannin8715Where are you getting a 10-way split mortgage? Then you want them to be 1/10th owners after two years? What in the world are you talking about?
@xzaviertariq5692
Жыл бұрын
Kinda crazy... I used to live in Phoenix. In michigan we are experiencing the same struggle. Sucks for all the young adults out here finally getting into a spot that you think you can put a roof over your head, just to find out you cant. You have to live in an apartment, and when you have a kid you have to kove back in with your parents. This economy is absolutely messed up for the average human here.
@dakotasmith5611
8 ай бұрын
I'm in Michigan, bought a house at 21. Granted, it's very small. You just gotta want it I guess.
@geraldkrasnow1808
Жыл бұрын
Loved everything about the video. The home search and calculations, your recommendations, and especially the personal story about the homemade steak and fries, that one hit really close to home. That is right up until you said you should get married if you want to afford a home. For anyone reading this, I promise you that you do NOT need to get married in order to afford a home, nor should you get married specifically for that purpose. As a military member, I’ve seen this done on so many occasions, and it ends in a disaster for all parties involved more often than not. I can testify to it myself. As a single man, I’m scheduled to be closing on a house in the next two weeks, and a single family home at that. Granted my significant other will be helping with payments, but we are NOT married, nor will we be for a long time, meaning we don’t get any housing allowance. Don’t set yourself up for failure and ruin marriage for yourself over money. There are plenty of other safer ways to afford a home. Other than that, great video, will definitely be subscribing.
@itsomni
Жыл бұрын
Prior to *everything* happening, in my city you could get a decent (older) 3bed 2bath home for $100k, or an already renovated for like $130-150k. (For reference, brand new 2000sqft 4bed 2.5bath homes were selling for $250k). now, most of those homes are selling for $200-220k, and anything close to $100k is an “investor special”. Median *household* income in my area is $50k a year, and a majority of the affordable homes are being turned into rentals. From some of the neighborhood stats websites, over 60% of the homes in the affordable neighborhoods are rentals
@joseandrade7333
Жыл бұрын
And new build are now $400k-500k
@2wheeldom11
Жыл бұрын
I moved from chicago to TN and it seems like TN is even worse than IL, sure taxes are lower here but there's double wide trailers selling for 350k. Anything half decent you need to pay 400k and up
@melissachartres3219
Жыл бұрын
EVERYTHING happening? Like... before the dawn of time itself? Before history began?
@Lifeissimplyadream
Жыл бұрын
Thank you for sharing your appreciation for your mom’s meal she made for you with love. Those are the stories you carry in your heart. ❤✨
@amandaj579
Жыл бұрын
I’m right in line with this income budget, so it was very helpful to me. I feel discouraged though, especially since I have kids to think about so I need decent school zones and more bedrooms. My rent is going up to $1200 in August, and that is low for my size and area… but it still makes it hard to save money when you have to pay for food, childcare, school functions, etc.
@noblelies
Жыл бұрын
Don't feel discouraged. Look overseas. Lots of cheap and safe places in Mexico. And fewer weirdos. That's where I am going.
@bryansenulis7242
Жыл бұрын
Lol and can smuggling ring 2 lol
@amandaj579
Жыл бұрын
@@bryansenulis7242 right! LoL
@ft1725
Жыл бұрын
Do you have a way to boost your skills to make a higher monthly income? If not, you may want to move to a new city that is affordable for your price. May have to live way out from the city and commute in.
@AshleighRose16
Жыл бұрын
I'd kill for 1200 rent. My rent is 2500 for a 3bd 2 bth in MD. The basic apartment within a 30 mile radius is 1800 to 2k a month for a 1 bd 1bth. It's insane. Very few can do it alone. I don't have kids but I have animals and they aren't cheap. I'd have a kid if I could afford it. Unfortunately 50k a month is not much anymore and the government acts like your making millions
@GeekyBoutiquey
Жыл бұрын
I remember in 2015 my goal when I moved into Seattle was to make $40K a year just to get my head above water. At the time I was working a FT and a PT job just to make ends meet. It sucked. Now that I'm making $52K a year I laugh and laugh. In order to buy a home here I'm considering moving my aging parents and my now adult sons all under the same roof just so we can afford a stable place to live.
@brose2323
Жыл бұрын
I'm disturbed by real estate today. The apartment I rented in CO Springs was 1k a decade ago. Now its 1900. Now my house in nowhere wisconsin was 105k , 9 years ago is worth 270.
@rogerstone1842
Жыл бұрын
The housing prices are going up faster than any working person could save. I was really hopeful of my investments this year, but all my plans have been disoriented. I've been studying the housing crashes and I realized some investors made millions from the recent recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?
@lucyAngletont
Жыл бұрын
Yes, If you go long against the market you'd make such success.
@RandyPelletier
Жыл бұрын
I built a 7 figure well-diversified portfolio just by following Trisha Jean Webb's recommendations. I buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct. also ignore the forecasts and market views which are at best entertaining but completely useless. Now house and cars all paid off and no other debt.
@rogerstone1842
Жыл бұрын
@@RandyPelletier Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.
@ty_saucy1662
Жыл бұрын
I think right now and the next few years will be the best time to invest in houses! But it’s like stock it could go really well or really bad but I predict for the next few years it will get worst and more strict on it. I can see now future laws because people made too much
@philg5888
Жыл бұрын
Niagara Falls NY here, I make 56k a year, my mortgage is $1126.00 a month. it's 1979sq/ft, a 5 bedroom home on a corner lot, in a older (late 50's) neighborhood, house was only $138k when I purchased it last year as my very first home. FYI the taxes and costs in WNY are cheaper than the rest of the state (property taxes are about $1,200 year) and here in the falls you can find a fixer home for about $24 - $35k, but the average for something older that might needs some updating, but in good shape range from $59k to $119k depending on the neighborhood, in the nicer areas you'd still be under the $200k range and in the areas outside of town well yeah $300k+ to well over $7million.
@eberjom9119
Жыл бұрын
I am fighting hard to buy a home. I am a single parent and cannot afford to make a mistake. The thought of a high mortgage scares me but it is a hard reality for many of us. My family and I have to move out of the home Iam renting but these prices are outrageous. I pray to God that a window of opportunity opens for us soon🙏🏽
@Nicole-dp5ks
Жыл бұрын
I hope you find what your looking for. It’s rough out there.
@eberjom9119
Жыл бұрын
@@Nicole-dp5ks Thank you🙏🏽
@RicksCafeAmericana
Жыл бұрын
Hang in there, brother.
@quietlike
Жыл бұрын
Isnt it cheaper to rent right now? Factor in maintenance and it probabaly is cheaper to rent right now. Just save and be patient. The market or rates will come down eventually
@eberjom9119
Жыл бұрын
@@quietlike I live in the DFW area and rent prices are outrageous. It's probably better to buy than to rent
@Terryshowedup
Жыл бұрын
Everytime I look at budget videos I realize over and over again that spending 1200 on ubereats is not normal and im not broke im just stupid lol
@MRkriegs
Жыл бұрын
If you can afford to do that, then you are good to go! Pick up cooking as a hobby, ball out at the grocery store once a week. Then use the rest of the money to improve your financial situation! good luck
@janetperez7509
Жыл бұрын
Hey man your already better than the ppl trying to justify spending that and get defensive.
@ffwast
Жыл бұрын
Uh...yeah,don't do that.
@jerrybean3280
Жыл бұрын
You mention "if there is an emergency" there are always emergencies. You are right you can always qualify for more than you can afford.
@MakeAMark1755
Жыл бұрын
Keep these videos I love seeing average salary videos instead of extremes.
@lexisthomas3718
Жыл бұрын
I was blessed, but I bought a house in Michigan for 125k. Right now, I make about $56,500 (will be making almost $70,000 next year). I live in a nice neighborhood, and the house is like 1600 sq ft with a large yard. It is just me, but my actual payments don't exceed $940 a month for the mortgage + all my other utilities, food, and pets are about $650. I feel blessed and know that I am in the minority. Used to watch you all the time during the process 🙏🏾
@mochamami439
Жыл бұрын
That’s awesome! I’m from Michigan, living in TX & it’s getting expensive here. I may end up having to move bk home to afford a house. Do you mind sharing what area you’re in? I am looking at suburbs outside of Detroit, and I want to spend about 125-150K..
@lexisthomas3718
Жыл бұрын
@@mochamami439 Redford
@llew-AZ
Жыл бұрын
I had moved to Phoenix in 2011. Grabbed a 1550 sq ft 3 bed / 3 bath condo in Anthem for 129K. Sold condo in 2020 for 360K. Value went up to 415K down to approximately 375K now. But in really is that worth the cost. No way. I left Arizona to the Mid West to buy a place for cash. I believe allot of young individuals ( I am not young) will need to leave that wonderful area to get into something they can actually afford. We grabbed that place during last downturn but not at the bottom. The place originally sold for 260K to a lady in Colorado in 2006. But Canadian neighbor behind me in the same sq ft condo paid 74K cash in 2009. That's how bad the market got in that little section of the market.
@MrVulgaro
Жыл бұрын
50k a year gets you a tent under the 405 here in Los Angeles!
@rikadreamer
Жыл бұрын
I made 65k and still couldn't afford a house. Made 89k, still can't. making 110k now; married someone who bought a house before Covid becasue too many people moved to florida with Clafoinia & New York money and over paid for housing. Houses go for 250k + in the most high crime area in our city.
@sarahl8004
Жыл бұрын
I live in NJ and work in NYC in a professional role that requires a masters and specialized training, but I had to move quite far to afford a single family home near a train station. I make about $85k and with taxes, interest rate of 6.25, down payment assistance and FHA, I was able to afford a $270k home and have a combined mortgage/tax/fees of $2200 per month that is doable for me. The house is very cute, 2 br/1 bath 1000 sqft. We're making it a very nice home, and definitely couldn't have gone through this journey without you, Javier! You're definitely right, these prices are too dang high. I just got a new position with a pay increase next month and we'll be more comfortable, but definitely couldn't even afford to move to this house if I made 50k.
@olw4196
Жыл бұрын
Awesome!
@InsideLookingOut1
Жыл бұрын
Omy... that's so drastically wild from nc. I have 2 bedroom .60 ac 1bth, privacy fence, 2 car ports, a garage, 2 trees, quiet neighborhood bought 53k. I hate how this country is so ridiculously overpriced in states bc what?? Insane. - I would say come here but then folks like u, new Yorkers, calialiens, DRIVE UP EVERTHING
@sarahl8004
Жыл бұрын
@@InsideLookingOut1 haha thank you for being rude to a stranger online. It's a common activity.
@InsideLookingOut1
Жыл бұрын
@sarahl8004 ?? I don't understand .. u guys make more money and can afford to out prices southerners ? Hence driving up cost .. why is that rude ?
@franzvanjulio5523
Жыл бұрын
Good video, Javier. Regarding HOAs, they can also go up over time. So that can sure things a lot and insurance company rates have also been going up recently. Thanks for sharing your insight.
@Cfchild1
Жыл бұрын
Eminent domain should be mentioned as even if you own the property deed, you can still be forced to sell at a price that is lower than market value if the government demands it.
@rachelm76
Жыл бұрын
My husband and I currently rent an 80s built single family 4bdrm 2200sqft home in Northern Virginia (20 miles from DC, 1 hr drive). We just renewed for $3500 ($300 is pet rent, $200/mo increase from 2021). Same model just listed for $4100/mo (no idea if they'll get that price). No same models currently for sale, but I've seen them sell for 800k-1M in the past year. Mortgage would be at least $5k/mo I'm sure. 1200sqft townhouse listed for $2100/mo. They sell for around 450k. Our previous home was an 80s home too, and we averaged $2k/mo in necessary repairs (AC, water heater, termites, pipe burst, ECT.) Felt like something new every month or two.
@DanKidsYouNot
Жыл бұрын
Crazy how the situation in NYC is identical... similar single annual salary, and priced out of single family homes in any of the five boroughs (minus ones that need heavy rehab or total rebuild). Looking to the outlying counties like Yonkers and Westchester, or neighboring states like CT and PA, the prices are astonishingly similar... about $300k for decent condos, and they all appear to be quite small. 🤔
@nickk1406
Жыл бұрын
Bought condo in Twin Cities was 68k in 2013 now its worth 220k wages did not triple in ten years. The problem is they are not building enough housing, but what is being built is new townhomes around 450k and new single family is 600k. Want to live in rural Minnesota no problem finding houses for 150k range, but the jobs available are limited.
@grammarguru554
Жыл бұрын
Let’s be realistic for the majority of upper middle class and below, housing is going to be closer to 50% of their monthly income. Whether you want to buy or not even rent is super high unless you’re living the boonies
@MRkriegs
Жыл бұрын
this is how people get into trouble and lose their homes
@PaulClay46masonWV
Жыл бұрын
Just FYI. 200k in WV will get you anywhere from 2500-3000k square ft. Brick house. This also applies to Southern Ohio and Eastern Ky.
@PaulClay46masonWV
Жыл бұрын
I bought a 2-story, brick, 4-bedroom, 2.5-bath, 2600sq ft house with 2 car attached garage on 1 acre of land for 178k with closing cost. WV. Oh, no, it was not a fixer-upper
@arturo9610
Жыл бұрын
Living near Atlanta, GA. Most single room apts. Start at $1,200. And the neighborhoods are sketchy af. Its hard out here
@Joelewis148
Жыл бұрын
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
@susanlisa3782
Жыл бұрын
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
@patricia_nura3378
Жыл бұрын
@@susanlisa3782 You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
@patricia_nura3378
Жыл бұрын
@@debroahmorrow5919 It was run by ‘’Mayra Femia Hetrick’’ , who i learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.
@kurtleo3529
Жыл бұрын
@@patricia_nura3378 I just copied and pasted Maya’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it. 🎉🎉🎉🎉🎉🎉🎉
@jtowensbyiii6018
Жыл бұрын
Then you failed math class bro
@KeyboardKittyAkira
Жыл бұрын
I lived and owned a home in Iowa from 2014 to 2018(right after college graduation). The home was built in 1903 and had a new roof, insulation, drywall etc. While living there I put in a new HVAC, water heater, gutters, and fixed a sewer pipe to the main. I bought the home for 43k and sold it within 2 weeks of listing for 58k(I had crushing debt but was afloat). This home was nice and I miss it still. I paid all my debts and I rented rooms out. As a teacher I only made 32k. 2019 I bought a home in Florida for 115k, and I still own the home and it's worth 220k+....equity is crazy high. The home was built in 1995 had a new roof, and HVAC system. I am getting ready to update the kitchen, exterior doors, flooring, and master bath. I added landscaping, well bladder/tank, gutters, and water heater. I only made 39k in 2019, my current income is public knowledge and greater than 47k now. Home is currently within my budget BUT the insurance market is in crisis. I was paying $1200 a year my next insurance bill is $2588 in September. Florida has homestead exemption to help with increases of property taxes(yay). Other teachers that I know that are fresh out of college cannot afford a place to rent in an area they are comfortable in. Rent is 1300+
@OPP534
Жыл бұрын
Got a house last year and still watch your great content 👍
@ap774
6 ай бұрын
I’m in my early 40s and I started with a small home in my 20s and kept upgrading. I don’t make a lot with a salary in the $100k range but now own a $2M home. I lived very frugal by cooking at home, making my own coffee, etc. Think how much you spend on Starbucks, clothes, traveling, drinking, going out with friends, etc. If you prioritize what you want in life then it’s possible if you’re willing to sacrifice but it takes time.
@VermilionCandles
Жыл бұрын
Crazy how expensive AZ is now
@fancyflower3298
Жыл бұрын
Looking for a house in Long Island, NY. It's always been costly, but most homes need renovations, and the asking price is over $600k. I don't know how people justify selling a home that they have not updated since the 1950s for that price.
@palomaquerida
Жыл бұрын
Thank you for this video. Difficult journey and decision but you're right, don't give up.
@barryballinger6023
Жыл бұрын
5 years ago 50k/household was a livable wage in most cities. Not now.
@SuperMiniReaper
Жыл бұрын
As a Canadian my reaction to housing in-affordability elsewhere can be summed up by the "First time" meme
@WisomofHal
Жыл бұрын
I live South of Vancouver. I don’t see young people living in those expensive homes on the hill. I feel for you
@KellyKels23
Жыл бұрын
I live in southern Indiana and they’re building a lot of brand new apartments, apartments which will probably run $1k-$1500 for a 1-2 bedroom apartment. If you go older you might find them a little less. I bought my first house 2 years ago for $134k, 3bd/1ba, just over 1200sq ft & built in the 50s. It’s a small town, but it’s nice. I’m ready to relocate to a new state though and what I’m seeing is there aren’t a lot of options to live in the areas I want. Being single, no children, I wanted to get out of the small town life and experience living in or near a bigger city & hopefully meet more people but it’s looking like I’ll have to stick to small town life if interest rates stay high. I locked my rate in at 2.8 so my mortgage was only $804 but it’s gone up each year pushing it closer to $1k now so it’s hard to imagine buying something a little bigger & more updated with higher rates knowing that my mortgage may still go up yearly while my salary will most likely remain the same unless I change positions.
@angostura7797
Жыл бұрын
Simple idea: look at your net take home household income. If you can’t save $300 per month comfortably after all expenses, then you can’t afford to own a house. Of course you’ll say ‘but I can afford a rent payment so I can afford a mortgage’. The answer to that is owning a home costs more than renting: insurance, HOA, landscaping, repairs, roof replacement, pest control etc.
@jamesbael6255
Жыл бұрын
If your theory was true landlords wouldn't exist.
@10leomessi
Жыл бұрын
I'm making just under $73k gross, after taxes and a 3% 401k contribution, I bring in $2015 bi-weekly. At 30% of my take home pay, my monthly mtg/rent would need to fall between $1200-$1300 max. Did some research and could probably be comfortable with something that's no more than 185k, ideally less though. Some options would be like Alabama, South Carolina, parts of Tennessee, Mississippi, West Virginia or somewhere that pays you to move there, like parts of Indiana lol
@Poooridge123
Жыл бұрын
Marriage is becoming more and more important nowadays. A single household income just isn’t enough anymore
@MRkriegs
Жыл бұрын
if you look at average salary stats and average household income stats the numbers are very close to the same. Meaning if most couples marry a similar income their combined household income DOES NOT double in reality.
@PaulClay46masonWV
Жыл бұрын
Yeah, it doubles. You might pay a little more in year-end tax, but If I'm netting 3k a month and she is netting 3k that's 6 k and thats a whole world of difference. Food cost dont increase by much
@PaulClay46masonWV
Жыл бұрын
If u can work via computer get out of high cost areas
@PaulClay46masonWV
Жыл бұрын
Id do no more than 20-25% of Gross income max. Gross 4k, 800-1000. Any more and u will have to live tight
@Poooridge123
Жыл бұрын
@@MRkriegs it doesn’t have to double to be beneficial. Oftentimes for example there is a tax advantage (I drop from 24% to 22% when I get married), etc. Your spending power drastically increases as your % of income dedicated to housing accounts for 2 incomes instead of 1. Even if your significant other makes much less that’s still income contributing to housing.
@ywlumaris
Жыл бұрын
Most ppl aren’t making 50k unless it’s a dual income lmao. Highest earners offset the median and so it’s a lie. I’m struggling to get 33k/yr and I have a degree and I’m trying to study at night for data science. It’s hard.
@xenonsan3110
Жыл бұрын
Even if I wanted a townhome closer to where I work id be paying at least 2.5k if I put 5% down on 300k. Its absolutely insane. The only way I'll be able to afford anything seems to be hoarding money for over a 20% down payment or have dual income
@abramsrob
5 ай бұрын
You need dual income
@oscarapple1365
Жыл бұрын
My dad told me the same thing about making 1000 a week.
@DaveJuan72
Жыл бұрын
Gross 100k... Net 65k, cheapest house in my area 600k, mortgage, 4k month
@SpoonHurler
Жыл бұрын
I agree with you on needing more affordable housing but you can also save hard and get that down payment up. I know a lot of people complain that its trying to hit a moving target but the worst outcome is you have a big pile of cash if the area you are in prices you out... so you ultimately end up with more options, which is the goal of saving.
@p51mustang24
Жыл бұрын
Housing units per capita is at an all time high. The problem is monetary policy driving huge numbers of investors into the market.
@donaldlyons17
Жыл бұрын
@@p51mustang24 "Investors" decided to enter the market. I plan on buying income etf's and other income stuff and not even getting REITS b/c I know they are just bad!!!!
@canadianpirateanders9951
Жыл бұрын
I bought a house that was so wrecked the bank wouldn’t even finance it. I’m still not done but I saved so much money it’s kinda insane
@punk6119
Жыл бұрын
The thing that really sucks is everything you need upfront. 3-5% down + inspections + closing. Just way too much needed with these high prices...
@MRkriegs
Жыл бұрын
you need 20% down not 3-5%
@poisonboost1926
Жыл бұрын
3-5% will get you loanshark rates, 2008 type beat
@punk6119
Жыл бұрын
@@MRkriegs you don't need 20%. Is it best, yes. But you don't need 20%. Most don't have 20% of what this market would ask. The percentage down also doesn't determine your interest rates. It determines your monthly payments. The interest rate is based on your credit score. 20% only gets you away from pmi.
@jtowensbyiii6018
Жыл бұрын
@@poisonboost1926no liar, 3-5% down for a first time home buyer is perfect
@strides1000
Жыл бұрын
The whole thing about being house poor if your mortgage is over 25% of your take home pay is insane. The cheapest run down property I can find on the market cost around 2100 after 20% down. That would mean I need to be able to make 8400 a month to afford one of the crumbliest house in Boston. Which equates to $100,800 after taxes. So imagine how much you would have to gross if you’re making 100k net to take home.
@hbarudi
Жыл бұрын
For single person get $700/month 1bd apartment is best to afford...
@devinstucky6948
15 күн бұрын
I live in panama city fl, a tourist destination, 700 a month for rent will get you shot here. I pay 1400 for 1 bedroom. It's crazy. If I wasn't in the military I would move tomorrow.
@LunaMirage
Жыл бұрын
I'm paying $1440 for rent of a 1 bedroom apartment in Santa Barbara, CA. That's probably the best you can do here.
@brandondurant1381
Жыл бұрын
Great video Javier. Another option for somebody would be to have a roommate for an apartment together on a lease, that way both are required legally to pay the lease even if the roommate moves out before the lease is over. Cut expenses, work more hours, live below your means and you’ll have that house that makes you happy in the future. A little sacrifice for a few years for a brighter future overall
@donaldlyons17
Жыл бұрын
Renters are like 24/7 babysitting. Also when people want things in my experience they tend to just try to get them they don't just surrender when the cost are too high. Also getting ok pay is extremely not easy!!!!! Also the future could be under threat constantly.... All it takes is to run out of money over time.
@socalrefrigeration548
Жыл бұрын
Here's two points of view that get missed. Money is relative. These problem are rich people's problems to the neighbors to the south. Second, you're in a war from birth to death. Dollars are bullets. They protect you and can get you things to make life better. Debt is a bomb. If used right you can become powerful. Do it wrong....
@gnaef08
Жыл бұрын
Interesting video. Im more on the east coast, and prices are definitely sticky in my area. Like the hallow mask from Bleach and the majoras mask in the background btw
@stephenbender7593
Жыл бұрын
Property taxes are low in Phoenix. Here in the greater Philadelphia area, $5000 for a 300K house is the norm.
@burritogod59
Жыл бұрын
PA taxes are killer.....and the roads are still the worst in the country.
@Luckoftheirish1
Жыл бұрын
Here in NH it’s $6000 for a $300,000 home.
@groovydakota
Жыл бұрын
Many people sans W9 world),even with that gross sale of 50k a year, don’t qualify for traditional mortgage anyway and would need to take a higher interest loan which GREATLY lowers the affordability of a property . Not to mention I’m in NJ and Properties have gone up 7%-7%+ in price in the last year so yea options below $400k including condos and townhomes are extremely slim unless you live very far from cities
@spf_500
Жыл бұрын
There's people in certain states who definitely have mortgages under 1k lol you'll probably have to live in bumble fuck Idaho but 🤷🏿♀️ On 50k in Brooklyn you can't BARELY afford to rent someone's actual closet
@thunderb00m
Жыл бұрын
Maybe montana. Idaho is expensive now
@jmitterii2
Жыл бұрын
Idaho got fucked by folks from both sides of the coast. So now even bumble fuck Idaho has a mass exodus of serfs. Boise population count has actually gone down due to affordability.
@kawalaco
Жыл бұрын
@@thunderb00mEastern Montana if you are lucky, and can find a Job.
@ceecollette6708
Жыл бұрын
I’d love a list of every humblefkk city in each state because I thought I already lived in one 😂 but unless I buy a mobile home on land my family already owns, idk if I’ll find anything affordable either. I wanna move lol.
@salemend6891
Жыл бұрын
Gross income shouldn't even be a considered a factor when financing. I think it's a systematic ploy to get people to buy more than they can afford.
@Virtues162
Жыл бұрын
Javier Vidana _____ The Man ______ The Myth________ The Legend !!
@rictech.
Жыл бұрын
Fantastic video… your mom did a perfect job raising you. God bless you my brother.
@angostura7797
Жыл бұрын
What about his dad?
@mell7183
Жыл бұрын
Crying in Californian 😭 time to move out
@Clickbait86
Жыл бұрын
Don’t come here
@listerinr
Жыл бұрын
Don't come here either.
@Clickbait86
Жыл бұрын
@@listerinr stay in California plz
@jmitterii2
Жыл бұрын
Ain't green anywhere else. Everyone is fucked. Idaho is now California prices in a low wage state. So you're screwed no matter where you go. All you'll end up doing is moving to a shittier state with worse everything, including shittier weather only moving back to California if you have family there still, and enjoy the weather... because no weather anywhere else is as good as southern CA weather. Even Idaho... we have bitter shitty cold winters, and hot (dry) but super hot sweltering summers.
@LoneWolfj11
Жыл бұрын
We have to thank the people that came before us for the spaces we get to touch today. I'm a first-generation graduate, and the first person in my family to go to college, and finish high school. My mom did what she could, and I appreciate her for all she did with what she had. Eating for me at home was rice, beans, and whatever the f*ck else there was to mix with. (spam, eggs, corned beef hash) lol
@gilmendoza8092
Жыл бұрын
50k as a working couple isn’t very much… specially with kids
@DoubleOhSilver
Жыл бұрын
It's still not bad. It should definitely be able to buy a decent home.
@brandondurant1381
Жыл бұрын
He didn’t say couple
@ShayWilliam341
Жыл бұрын
It depends on where you live but a single person can live comfortably especially here in rural areas in Georgia
@really...8359
Жыл бұрын
feeling this, making just above 100 on the east coast, even the cities i’ve looked at outside of my notoriously expensive hometown are becoming just as expensive. dallas was my next plan, but homes there are exorbitantly expensive and all of the condos are old/in rougher areas. charlotte has experienced the same thing, so i’m no better off leaving dc for a place like dallas or phoenix.
@fordashet
Жыл бұрын
nm
@AnnaKrueger809
Жыл бұрын
These are fantastic takes, I feel exceptionally lucky I started investing in my early 40s and moved from an average lifestyle to earning over 34k each month through consistently compounding my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio knowing where to focus having exposure to different prolific investments mainly savings account, stocks, bonds and high yield dividend funds. Forever grateful to my adviser Gregory Thomas Patchak. Passive income is mandatory for building long term wealth and ever since I met him, my life has taken a positive turn because of the passive income through his knowledge and ideas, which are crucial for succeeding against all odds in this area of online commerce. I'm happy that I was able to contact him earlier this year.
@GaryWinstonBrown
Жыл бұрын
Thank you for sharing your experience. Your coach was simple to discover online. I did my research on him before I wrote to him. He appears knowledgeable based on his online resume.
@Bradleyschaeffer376
Жыл бұрын
I began accumulating wealth when I started following up my investment properly, The value of expert mentorship cannot be overstated. Without proper mentoring, people tend to make mistakes and loose money. This is why I prefer to invest with Gregory Thomas Patchak because his methods are unique and extremely profitable-
@MichealTanner141
Жыл бұрын
Just do something that will earn you money while you sleep, no matter how little. The pandemic is the perfect way to open your eyes to really see what life could be like without your usual income stream and everyone had to stay at home. Well I never felt it because I invested with GREGORY THOMAS PATCHAK where I earn 4 digits per week. The best thing you can do for yourself is invest more and spend less.
@Elvarg
Жыл бұрын
Bots my people.
@JudeDude409
Жыл бұрын
Shut the hell up 😂 bots
@johnmiller4282
Жыл бұрын
In 1970 my father bought a house and fed 7 kids on medium income, in 2002 it took my wife and I both working to purchase a house. Today a couple just can’t own a home. What’s wrong with this picture
@gingerdavis8071
Жыл бұрын
Corporate greed and sellers of homes and land looking for the largest profit possible .I am the loser who would sell my home to a family who really wanted it rather than take a cash deal from an investor. Until sellers stop taking cash offers and start working with buyers who need to secure a loan, it is only going to get worse. Here in NJ, 50k a year will be good enough to use for homeowners insurance and property taxes. That being said homes are still being sold for 20-30 k more than the list price. Crazy.
@XavierVictorKicks
Жыл бұрын
Today I learned that unfortunately I need to get married
@krisangel7080
Жыл бұрын
Don’t do that. Rent a big house and rent every room. Rent to own
@blujeans9462
Жыл бұрын
This is why the current generation - fresh out of college - expects to get paid what took years for us to achieve. Ok, been there - done that. I am retired; own 2 homes - debt free. I never made more than $70k during my entire career. Here's the rude awakening for you all. I've been saying this to everyone for ages - but no one believes me. Someday you will. I bought my first home 40 years ago. If I was to do it again, would I? Yes. But I can assure you - without a doubt - if you took the actual cost of owning that home over 30 years (interest, taxes, insurance, maintenance - double, triple what you think - upgrades: eventually you'll need need carpet, baths, kitchen; some utilities that a renter often gets free: water, sewer, etc. - probably more things that are area specific, like HOA, etc) - without any doubt - even if factor in selling your home for $175,000 more than you paid for it - which never happened with any of my homes that I've owned, you've lost money. With an apartment - sure, you didn't make money - but you have freedom; to get a job in a totally different area without worrying about the time, and expense, of selling/rebuying a house - and throw away a minimum of 6 percent of your 'equity'. And if the market is slow, you're stuck. Forget that great job offer in another state - without taking huge risks. Home ownership is not an investment. It's only a place to call home.
@adamturbo10
Жыл бұрын
50K for couple? Is this in 1997?
@brandondurant1381
Жыл бұрын
Don’t think he ever said couple
@theopkingdom3433
Жыл бұрын
There are a lot of couples who bring home less than $50,000.
@jmitterii2
Жыл бұрын
Combined that's 100K.
@jmitterii2
Жыл бұрын
Combined that's 100K.
@MrDjjustice24
Жыл бұрын
Im teaching my kids don’t buy a home until your income is at least 100k you have no debt and can pay at least 10% down
@elviswilliams3393
Жыл бұрын
Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
@elviswilliams3393
Жыл бұрын
@FrankCalve Thank You but is not luck, is all about having good investment plans most of all trading with a trust worthy expert. Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.
@elviswilliams3393
Жыл бұрын
@DoctorJamesMorganFrank Currently i can attest to the fact that I make $15k weekly through trading which is more better then my monthly salary job. Trading becomes my passive income.
@elviswilliams3393
Жыл бұрын
@DoctorJamesMorganFrank At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
@elviswilliams3393
Жыл бұрын
@DoctorJamesMorganFrank I know someone who can help you Jennifer Maxwell.
@elviswilliams3393
Жыл бұрын
She has handled my trade for 6 months now.
@Cherrys4Me8P
Жыл бұрын
I live in Texas. I'm 36, I make $72k a year, I have no debt, and bought my first home for $95k in 2009. It was not in the best of neighborhood. Last year I sold my home for $220k with the hope of buying a new home in a slightly safer neighborhood. Last year I spent 7 months looking for a home, but everything was either the hood or has a lot of differed maintenance. I stopped looking for 6 months and just started looking again and it's the same thing. It's so depressing that the houses up to $300k are now considered the hood or are completely dilapidated.
@westabsupplyebay4093
Жыл бұрын
May want to consider a subarb of the nearest major city, if that's still to expensive try for a much smaller town, you'll probably pay higher utilities and transportation costs, but lesser property taxes.
@Cherrys4Me8P
Жыл бұрын
@@westabsupplyebay4093 true. I currently live in a small town between two major cities. I have over an hour commute, so the original goal was just to cut my commute in half. I'm considering all secondary and tertiary markets, but still struggling. Houses that were $160k in 2019 are now $300k but no improvement have been made on the homes. I'm scared to buy a home and fix it when it's already above market value.
@romanaja125
Жыл бұрын
Texas and hood? What happen to Texas and ranches/Bulls/cows etc
@Cherrys4Me8P
Жыл бұрын
@@romanaja125 I'm not sure what you mean.
@laurenodonnell5889
Жыл бұрын
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Bonnie Antelo
@rexhecks3307
Жыл бұрын
Wow, amazing to see others trading with Ms. Bonnie Antelo, I am currently on my 5th trade with her and my portfolio has grown tremendously.
@kennguyen4540
Жыл бұрын
This is not the first time I am hearing of Mrs. Bonnie Antelo and her exploits in the trading world but I have no idea how to reach her..
@laurenodonnell5889
Жыл бұрын
she often interacts on Telegrams, using the user name.
@laurenodonnell5889
Жыл бұрын
@INVESTWITHANTELO💯
@benandersonn12
Жыл бұрын
I have traded with many individuals but I have never met anyone as good as Mrs. Bonnie Antelo, just by applying her strategies I now trade independently. she is the best i would advise any investment newbie to trade with her
@rosemarywilliams9969
Жыл бұрын
I make 4k a month and my rent for a 300sq foot place was $3,200. So the only way to secure my future after years of trying everything was to buy a cheaper tiny home out of state, move to a room rental in the state I work in that 146sq foot but 1,500 that 3 hours away from my job. I figured if I can hold on for 3 more years I'll be student debt free and I can throw all my money into the home and once the $230k home is paid down, I can finally quite the job and find a lower paying job in the state my home is located but by that time I would have only the home debt so a lower paying job close to home would work. 😢 sounds nuts but I've done everything different and after losing thousands this is the only real option where I don't need to depend on other people to help me. I can take vacation weeks at a time in my current job to go stay in my home so and I have people who keep a close eye on my home so right now that's all I can do. DON'T give up on home ownership the corporations are trying to turn us all into permanent renters where they control what we end up paying so work harder now while you can to secure your future. Easy said than done but most of us are still trying🙏
@anyanwuChinaecherem
Жыл бұрын
I lost over $60K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $9k profits weekly. Thanks so much Mrs Gretchen Dougherty
@SinghZahid
Жыл бұрын
Wow, amazing to see others trading with Ms,Gretchen Dougherty, I am currently on my 5th trade with her and my portfolio has grown tremendously.
@NgoloKante-jq2we
Жыл бұрын
l also invest with mrs Gretchen Dougherty, she charges a 20% commission on the profit made after each trading session, which is fair compared to the effort she put in to make huge profits.
@ASHLEYAna-zc3dx
Жыл бұрын
This is not the first time I am hearing of Mrs.Gretchen Dougherty and her exploits in the trading world but I have no idea how to reach her..
@KelvinBush-oe6lt
Жыл бұрын
She is really great at what she does with amazing skills, she changed my 0.1BTC to 2.1BTC within two weeks of trading, I am now fully confident that she is reliable.
@anyanwuChinaecherem
Жыл бұрын
she's available on
@bonquiqui874
Жыл бұрын
$1k means renting a bedroom with 2-3 roommates in the nice parts of Baltimore, renting a nicer 2 bedroom in the rougher parts of town, or buying a sub 1200 square foot house in the rough parts of town
@carylhalfwassen8555
Жыл бұрын
Buying in rough part of town and fixing home up will earn you complaints of “gentrification “.
@bonquiqui874
Жыл бұрын
@@carylhalfwassen8555 there are parts of the city where every other block is abandoned. You won’t have neighbors to even accuse you of gentrification
@nakobass28
Жыл бұрын
I'm super lucky I bought my house in Decatur, GA for 47k in 2016, it's over 200k now. Won't sale because i won't find a decent house at 200k now
@GApeech08
Жыл бұрын
Decatur . . . 😐 Hmm, what side of Decatur is the question. You're right about staying where you are. I bought a new build in Barrrow County in 2020 for $296K, 2.25% IR. My house now: $450K, IR 6-7%. Great equity to sell, but where would I go?
@peruvianheat2053
Жыл бұрын
My mom bought her townhome in Alpharetta back in 2015 for 110k. I'm afraid we won't ever see those prices again.
@whyguitarguy1
Жыл бұрын
My fiance's parents bought a home in McDonough, GA (awful traffic) almost 6 years ago, and now I belive it's around $200,000k more than what it was brand spanking new 6 years back. Luckily they didn't go variable. Lol They still get letters about looking to "refinance" 😂😂
@kakumee
Жыл бұрын
They should teach this in school! If I was in highschool today I'd recommend you as a life skills teacher
@DoubleOhSilver
Жыл бұрын
This is too unsustainable. Decent jobs cant even get you basic housing. I dont see how this ends well. Theres no point on working if you cant even get shelter. You are better off gambling all your savings because it'll give you a better chance at having a roof over your head.
@InternetUser._
Жыл бұрын
Unfortunately $25 an hour isn’t a “decent job” anymore. At least not in my mind. If you’re making 50k a year and taking home 40k, you’re working poor.
@DoubleOhSilver
Жыл бұрын
@@InternetUser._ I meant decent as in how much value you actually provide, not the amount you make. The problem is, money doesn't make sense anymore
@socalrefrigeration548
Жыл бұрын
With that POV you're right. My POV sees a $35 as a shit job. No college education here. Straight tradesman out the hood. Use to make $800 a month back in 2005 and took welfare. Busted my ass and put in that work to become something. Never settle.
@billyboob8030
Жыл бұрын
I got approved for $475,000 with my wife at 7% interest in utah it can buy a decent 4 bedroom 2,000 SQ ft but we talked about it and decided to save aggressively for 6 months and see where the market is then
@dropdead_red
Жыл бұрын
My goal is to find some affordable land with access to water and electricity, and build small dwelling spaces for me and my family members. Nothing fancy, and still even this seems to be out of reach for at least another two years.
Пікірлер: 935