Buying a home is NOT an investment if…

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  • เผยแพร่เมื่อ 19 ต.ค. 2024

ความคิดเห็น • 45

  • @tinathomas6762
    @tinathomas6762 ปีที่แล้ว +5

    I just wanted to hop on here and express how much I enjoy watching your videos! You are so intelligent, insightful, and you articulate your thoughts and ideas so well. I am also a homeowner in the GTA and you have articulated your argument so well (for the record, I also agree that your primary residence is usually not an investment, unless you did a cash-out refi and used that money to invest in something that actually brought in income/profit).

    • @xoReni
      @xoReni  ปีที่แล้ว

      Thank you, Tina! This is such a kind message 🤍🤍 I’m with you, if you refinance and invest in a cash-flow positive rental property that would be a great investment!!

  • @ToffyOlowo
    @ToffyOlowo 9 หลายเดือนก่อน

    Absolutely enjoyed watching this! I love how you are encouraging folks to go into home ownership with a strategy and with intention. And how you called out all those different costs, very informative!

    • @xoReni
      @xoReni  9 หลายเดือนก่อน

      Thank you so much Toffy 😊

  • @busolafriday
    @busolafriday ปีที่แล้ว +3

    This video has definitely made me realize that I’ve been ignorant about the reals costs of owning a home. I’m renting right now and low key always thought thought of it as waste but I’m actually gaining shelter in return like you mentioned. Thanks Reni for giving us a realistic view 🫶🏿🫶🏿🫶🏿. I will be saving this video to reference it when I’m finally ready to purchase my home but for now we are renting 😁

    • @xoReni
      @xoReni  ปีที่แล้ว

      I’m glad I could ask some perspective lovely! No one talks about the cost of home ownership for some odd reason 😭
      Glad you will go into the home buying process informed now ❤

  • @jerrybekendam6425
    @jerrybekendam6425 หลายเดือนก่อน

    I agree totally I have always had income property. First house at 21 duplex. Most people don’t understand investing Thanks for working on education

    • @xoReni
      @xoReni  หลายเดือนก่อน

      Absolutely! I wish more people knew this.

  • @Tonietones
    @Tonietones ปีที่แล้ว +3

    an insightful videos, thanks for sharing this.

    • @xoReni
      @xoReni  ปีที่แล้ว

      Thank you for watching! 🙏🏾

  • @solomonaregbe9994
    @solomonaregbe9994 ปีที่แล้ว +2

    In my primary resident, my mortgage is just 1k, my basement is rented out for 1800 since 2003.
    Is this a good investment?

    • @xoReni
      @xoReni  ปีที่แล้ว

      That sounds like a great investment if the rent covers the rest of your household expenses on top of the mortgage 😃

  • @D19396
    @D19396 ปีที่แล้ว +1

    I think intention is key… if you don’t intend to cash out on the appreciation on your property then it’s not an investment

    • @xoReni
      @xoReni  ปีที่แล้ว

      Even if you do intend to cash out, it doesn’t necessarily mean you will, given all the money you put into it 👀 some people do but not everyone

  • @Tonietones
    @Tonietones ปีที่แล้ว +4

    Cook Reni, COOK!

    • @xoReni
      @xoReni  ปีที่แล้ว

      👩🏾‍🍳

  • @ninaskeete1739
    @ninaskeete1739 ปีที่แล้ว +1

    Go into the home ownership process with a strategy

    • @xoReni
      @xoReni  ปีที่แล้ว

      Great advice 🙏🏾

  • @karriem5666
    @karriem5666 ปีที่แล้ว +1

    Nice video!

    • @xoReni
      @xoReni  ปีที่แล้ว

      Lol damn 🥲

    • @karriem5666
      @karriem5666 ปีที่แล้ว

      @@xoReni When I found that out I had to rethink everything lol

    • @xoReni
      @xoReni  ปีที่แล้ว

      @@karriem5666😂😂

  • @trevorwhyte7000
    @trevorwhyte7000 หลายเดือนก่อน

    🎉Booyah❕, you just proved I'm not crazy🙂‍↕️,that's my talking points verbatim🥳

    • @xoReni
      @xoReni  หลายเดือนก่อน

      @@trevorwhyte7000 twins 😂

  • @Tyraakua
    @Tyraakua ปีที่แล้ว +1

    Hey girl I literally stalked your Twitter to see when you’ll be uploading lol; but anyways great video very informative. I would love to have a chat with you please let me know where I can reach you email Instagram etc. thank you in advance hun- keep up the good work, you’re actually making a difference !

    • @xoReni
      @xoReni  ปีที่แล้ว

      You're the best, thanks for watching! I’m currently taking a break from one-on-one calls but will restart again in September where you can book here ☺️
      calendly.com/xoreni/ask-me-anything-one-hour?month=2023-09

  • @xoReni
    @xoReni  ปีที่แล้ว +3

    Okay, I’ve shared my thoughts. Let me know yours 👀

    • @tinamiller8849
      @tinamiller8849 ปีที่แล้ว +1

      The girlies won't like it 🤣 but the truth often ruffle feathers 💀

    • @xoReni
      @xoReni  ปีที่แล้ว

      @@tinamiller8849😂😂😂

  • @KRISTODOTCOMLIVE
    @KRISTODOTCOMLIVE ปีที่แล้ว

    I feel like the wording of choice is slightly misleading. Maybe not that it’s “not an investment”, but rather that “it can be a bad investment”

    • @xoReni
      @xoReni  ปีที่แล้ว +4

      I’d argue it’s usually a bad investment

  • @NiellaObijiaku
    @NiellaObijiaku ปีที่แล้ว +1

    I think anyone who gets a great fixed rate should go for thanksgiving 😀. Cos variable rates right now, is gangster. Still watching though.

    • @xoReni
      @xoReni  ปีที่แล้ว

      Haha so true 🤣 those variable rates are killer

  • @ninaskeete1739
    @ninaskeete1739 ปีที่แล้ว +1

    New build 2 years in fridge and washing machine error code

    • @xoReni
      @xoReni  ปีที่แล้ว

      How much did it cost to fix?

    • @ninaskeete1739
      @ninaskeete1739 ปีที่แล้ว

      @@xoReni lol im of the school of kick it and hope it holds out for as long as possibel

    • @xoReni
      @xoReni  ปีที่แล้ว

      @@ninaskeete1739 😂

  • @JewelrybyENZ
    @JewelrybyENZ ปีที่แล้ว

    With the amount paid for rent, Reni, it makes more sense to buy a house and pay mortgage, especially if one has a large family. Atleast, the home will appreciate in value

    • @xoReni
      @xoReni  ปีที่แล้ว

      I have no problems with home ownership. But whether it makes more sense to buy a house and pay mortgage depends on how much the home costs you! It’s not just the mortgage you should consider which is my main point of the video 🙏🏾

    • @JewelrybyENZ
      @JewelrybyENZ ปีที่แล้ว

      @@xoReni for sure, home ownership entails more than just mortgage payments.

    • @xoReni
      @xoReni  ปีที่แล้ว

      @@JewelrybyENZ🙏🏾

  • @ninaskeete1739
    @ninaskeete1739 ปีที่แล้ว +1

    Yes forced savings

    • @xoReni
      @xoReni  ปีที่แล้ว

      💯

  • @autumnthomas970
    @autumnthomas970 ปีที่แล้ว

    'Promosm'

    • @xoReni
      @xoReni  ปีที่แล้ว

      🤔