@paulkirton8945 it's foolish to purchase anything using leverage and based on your own or anyone else's guess on where the price is headed. That is gambling. Whether it's a rental, a flip, or a personal residence, you have to be able to make payments on it if the market moves against you. If you get an adjustable loan in a low interest environment you are asking for trouble
it's such dumb advice.. much better to have a mortgage where one pays off the loan amount, which will reduce overall interest, and have no penalties for early repayment
I had 2 flats at that time - buy to let and interest only. I've released equity many times and now have 3. Best decision ever as have been ill since 2007 and rarely worked. (Flats are now worth £800k.)
I'll put this comment here too. In 1975 my wife and I bought our first rental, and we became hooked on real estate as an investment. Over the years we've owned quite a few. Go back to 2002 through 2006 there was a real estate bubble, but in 2007 the bubble burst. Because we had kept all equity in the properties by not refinancing, we survived the crash. I knew a fellow from San Diego who had purchased 17 houses, and kept taking out the equity to get down payments for additional houses. When the real estate bubble burst, he lost all 17 houses when the real estate bubble burst. There is danger in what she advises.
He couldn't have lost the homes because of a drop in prices. He had to have been mismanaging them. Theoretically, values could crash to zero but you'll still cash flow if the rent exceeds expenses
@@XxowendanxX Yes, he didn't have a clue as to property management. And to add to that, he was buying on speculation. He would refinance one to get some cash for small down payments to developer and builders to order the properties ... ...to be built. For a while in 2004 and 2005 prices were rising so quickly, one could purchase on speculation and know the price would have gone up by 30% to 50% by the time the house was built. It was like the tulip bubble of 1634.
@ideapage he messed up badly. Never invest in new builds unless you really know what you're doing. And price speculation is always a bad idea in real estate, stocks, precious metals, commodities, currencies ANYTHING. With Rental properties you want price appreciation but that is just icing on the cake. You're supposed to do it for cash flow. The tax benefits and the equity capture are also good reasons but speculation is little better than gambling. If your friend had the loan structured properly it wouldn't matter if the market moved against him
Fact - in 10 years time your interest only mortgage will not be "much smaller" it will be the same irrespective of any capital appreciation of the asset. The future LTV of any remortgage on the property will be smaller assuming the value of the house increases over time. Less hype, more facts please 😊
@WorldofTai the worst I wouldn't say so. Property prices have reduced 10% ish the last 9 months or so. You can get a btl at about 5%ish now, right area right price and you're fine
There’s more to it, this is business not a single purpose family home, the house goes up in value over the mortgage term as dose inflation so the original loan amount becomes less. This is also done with a portfolio of properties so as one increases in value you can use that as collateral to buy others with out actually drawing any money out. And the tenants are paying the costs of the original mortgage borrowing but you have the capital gain in assets which you can cash in at anytime by selling up.
@@JOTRDAN2602Yeap, and if it was your family home - you still had to buy another one, assuming you didn't downsize , which would have had a similar increase. But if the next 15yrs were as generous again, you would be doing well!
Funnily enough I bought my house with a 10 yr fix mortgage at 2%. Threw my everything at it to get it paid off and became mortgage free in less than 7 years. A mortgage is a loan: why the hell would I want to keep paying for a loan every month?! And as for interest only....sod that!
Fact. In 10 years your house could be worth 50% of what it is worth now. Case in point, the 2008 financial crisis and the property values crash that followed. Where are we today with the economy cycles? At the very top of it. What comes next? You figured it out yet? You are spreading awful advise.
Are you advocating socialism/communism? I know it is frustrating. If you don't think the system will change in my view you better learn and benefit from the system otherwise your life and your families life may not be all it otherwise could be. Do you want to do all you can to look after your loved ones or do you want to moan about it?
@@PaulSmithTouchstoneEducation Selfish rich people like you always play this socialist card. Your Greed blinds you to people's problems. Go invest in commercial buildingd, hotels etc. Leave residential houses alone. You jack up the prices.
The advice given here is possible only if you are in a relatively comfortable position already. For the benefit of society, yes, a little less capitalism and a little more socialism would be fine. "Socialism" is such a Conservative frame. And you obviously don't know what communism is. There is no slippery slope from Socialism to Communism to Marxism. Stop watching Fox news.
@@PaulSmithTouchstoneEducation It’s not about advocating socialism or communism it’s about having a fairer society. I have no issue with people buying and letting properties in a healthy buoyant housing market with good supply to match demand. We don’t have this currently in the UK and therefore the practice of multiple house ownership in the hands of an ever reducing number of people only exacerbates the issue. Houses should be seen as homes first and foremost and the fact they are seen as an investment has partly contributed to decades of unsustainable house price inflation that means home ownership is now beyond a lot of people. This problem is acute in some areas that are attractive to tourists - Cornwall for example. More house building including a proportion of social housing is in part the solution.
The vast majority of rental property is in areas of transient populations such as town and city centres. The majority of rental stock does not impact on families, because families don't settle in these areas. The private rental sector is less than 19% of the total market and the majority of this is in these busy transient places. Students, YP's, overseas contract workers and anyone else not putting roots down are mostly served. You've been fed a lie that landlords are to blame, so you're not looking at the real issues.
@@XxowendanxXmuch better to get a mortgage you can pay off the actual loan amount and that reduces the interest you pay over time.. and make sure it's one you can pay off early with no penalties.. that way if you pay off even a little more every month you reduce your overall mortgage payments and time taken to pay it off quite sugnificantly it's also safer if you find that interest rates suddenly go up a lot that person who said "get educated" is ignorant of history
@CastleHassall I don't know if anyone issues IO loans for a large number of years. If you can get one with the rate locked in, won't you have more cash flow than if you're paying down principle?
Double over 10 years? I have a rented flat that is same price as I bought it 10:years ago and it’s 5 minute walk from a station that gets you to London inside an hour.
@@vc391 also we can do a little maths to prove her wrond. You buy single family home for 300K. You are paying 2400 in interest only. In 10 years you would have paid $290,000. What is the likelhood your house will get doubled.? It depends on the area and also in the market when the price is rising but the price but that is not the rule though. L
No she's correct. I've been doing this almost 25 years. Interest only, rent covers mortgage, asset increases in value while inflation devalues the debt. When I was borrowing £70k to buy a property when I started, people would only dream of being able to buy with just a £70k mortgage. But you know what? In 25 years people will only dream of borrowing £250k to buy a property like you can today. You control assets with debt, it's not about trying to pay them off. And the companies they are in, you can have your children as directors for when you finally hand over your legacy. That's how wealth is created. Stop arguing and learn.
@@user-gz6tx6yp3vwell said. I’m starting to learn these concepts. It does take a minute to wrap your head around it at first because you have to unlearn what you thought you know about money first. Most people hear are thinking primarily from a consumer mindset. Imagine making interest only payments while investing all the money coming in passively from the property but unfortunately most are just looking to spend it.
I live in my own flat and the flat upstairs is rented out ,my life has been miserable from bad tenants ,7 in total..now my property value has been affected..fkn greedy landlords only care about their pockets.
And that’ll be why most of her tenants have had rent increases by about 300% and can’t afford the rent or have to move out. Landlords like this have been creaming it for years why the interest rates were so low…
This is the line of thinking that got a little of borrowers into trouble in the lead up to the 2008-2009 financial crises. Unfortunately, many banks would lend into this financially reckless activity.
In 10 years worth of renting that property will be knackered and need a full renovation. Abi is selling you something, that's what she's making money from
Careful! Housing markets go through cycles also! You are not guaranteed the house will double in value! That depends on which part of the cycle you purchased it in! And if it's the house you live in, you don't want to retire with a mortgage!
Depends largely on your mortgage rate. Calculate how much the cumulative interest payments are over the 10 years that you expect the value of the property to double. And add to that the stress and the cost of having to upkeep the properties that you plan to rent out.
Usually you will need residency property first before bank will lend to you on an interest only BTL basis. Landlords use this strategy to keep the overheads low and of course take cash out early. All it takes is a change in government legislation and those who are over leveraged will be shafted. Be careful and make sure you select the right investment strategy for you.
I really hope property prices crash and stay within a reasonable multiple of the average wage. We are ruining our society treating houses and flats as investments. They need to be treated as homes. A secure place for young people to start their families. Life is hard enough as it is.
Depends on where you live. I think the rest of us live in a non-prime land saw our real estate doubled in 20 years. So we paid it off early. Other assets doubled in 5-7 years.
What happens if interest rates rise and rent doesn’t cover the mortgage. That’s bad enough for one property, but if you have 5 properties it is a lot worse. Doesn’t paying down the mortgage give you a margin of safety ?
At least for the US, housing prices have averaged 6% over the past century. That's doubling every 12 years but that's also an *average*. The line doesn't only go up.
Housing prices are tied to incomes. Incomes have not kept up with inflation and niw there is a housing crisis. Young people can't afford down-payments and struggle with rents in many areas.
Paid my home off and was the best financial decision I have made for ME. I make one house payment a year. I also have another home I'm building in my spare time that's paid in full. I'm not in life to get rich. I want life balance. It's easy for women (especially if they're halfway attracti) as there is some simp that she will lead like a puppy dog to fix the place up.
Ok so bought mine in south east uk for £367,500 that was 17 years ago been offered £590,000 so my house should be worth £1,249,500 doubling can’t be right every 10 years 🤷♂️
Basically, u are managing a home to the real owner the bankers aka bankster, they collecting interested from u and also they can decide that your mortage interest should raise or even to pay all the debts and make u default in a blink of an eye.....
Your right for now, however if the population going upward trend reverses for the first time in 70 years and demand collapses for the first time in a very long time, something like a world war happens, you'll be totally screwed.
@@PaulSmithTouchstoneEducation I know someone who bought a house in 1969 for £3,000 and sold it 45 years later for £3,000,000 - that'd be worth £68K by your calculations ... And Someone else who bought a property in 1997 for £300,000, spent £14,000 ripping off the boarding up £10K fixing the drainage and sold for £3,000,000 in 2008 so worth perhaps £650K by your calcs. so these are way MORE than doubling every ten years. Conversely I know of property bought for £108,000 twenty years ago now worth £160,000 so technically should be worth £432,000 by your calculations. AVERAGES ARE WORTHLESS
What about from a moral perspective? Do you never sit there and think how you're contributing to the misery of millions of people sucking up the supply and increasing rents on those less fortunate? That's why I'd never buy a second property, it doesn't sit right with me.
She fails to mention risk. No investment or asset is a one way bet. Just think of why she is lecturing on the internet rather than spending her time finding, researching and buying more property.
Bought a property 17 years ago at the going rate they were selling for. It's now worth LESS than it was 17 years ago. Double every 10 years, you are having a laugh.
I don’t think all property’s double in 10 years…depends on location and property itself.
Property prices crash about every 10 years.
But there's forced appreciation, if you rehab.
@paulkirton8945 it's foolish to purchase anything using leverage and based on your own or anyone else's guess on where the price is headed. That is gambling. Whether it's a rental, a flip, or a personal residence, you have to be able to make payments on it if the market moves against you. If you get an adjustable loan in a low interest environment you are asking for trouble
Exactly.
This is a great way to get yourself in trouble if house prices crash like they did in 2008.
No. That’s a great way to get yourself in trouble ANYTIME. House of cards…. :)
it's such dumb advice.. much better to have a mortgage where one pays off the loan amount, which will reduce overall interest, and have no penalties for early repayment
They don’t crash they have always made a profit usually doubling every 10 years,
I had 2 flats at that time - buy to let and interest only. I've released equity many times and now have 3. Best decision ever as have been ill since 2007 and rarely worked. (Flats are now worth £800k.)
If you think that property is going to be worth double in 10 years time, you are deluded
😂
I'll put this comment here too. In 1975 my wife and I bought our first rental, and we became hooked on real estate as an investment. Over the years we've owned quite a few. Go back to 2002 through 2006 there was a real estate bubble, but in 2007 the bubble burst. Because we had kept all equity in the properties by not refinancing, we survived the crash. I knew a fellow from San Diego who had purchased 17 houses, and kept taking out the equity to get down payments for additional houses. When the real estate bubble burst, he lost all 17 houses when the real estate bubble burst. There is danger in what she advises.
He couldn't have lost the homes because of a drop in prices. He had to have been mismanaging them. Theoretically, values could crash to zero but you'll still cash flow if the rent exceeds expenses
@@XxowendanxX Yes, he didn't have a clue as to property management. And to add to that, he was buying on speculation. He would refinance one to get some cash for small down payments to developer and builders to order the properties ...
...to be built. For a while in 2004 and 2005 prices were rising so quickly, one could purchase on speculation and know the price would have gone up by 30% to 50% by the time the house was built. It was like the tulip bubble of 1634.
@ideapage he messed up badly. Never invest in new builds unless you really know what you're doing. And price speculation is always a bad idea in real estate, stocks, precious metals, commodities, currencies ANYTHING. With Rental properties you want price appreciation but that is just icing on the cake. You're supposed to do it for cash flow. The tax benefits and the equity capture are also good reasons but speculation is little better than gambling. If your friend had the loan structured properly it wouldn't matter if the market moved against him
That is called greed. One of the seven sins.
@Soulis6365 greed is not the desire to become wealthy by providing things that people want; it is the desire to become wealthy without doing so
Fact - in 10 years time your interest only mortgage will not be "much smaller" it will be the same irrespective of any capital appreciation of the asset. The future LTV of any remortgage on the property will be smaller assuming the value of the house increases over time. Less hype, more facts please 😊
What do you expect from scam content creators like this. Now is THE worst time to even be looking at mortgages for the purposes of BTL etc
i find her annoying
@WorldofTai the worst I wouldn't say so. Property prices have reduced 10% ish the last 9 months or so. You can get a btl at about 5%ish now, right area right price and you're fine
Is their ways to live in your house which has an interest only mortgage ?
Interest only mortage is not given by banks.
Double in 10 years is a gross exaggeration. I bought 17 years ago in a very smart area and it’s absolutely not doubled in value.
There’s more to it, this is business not a single purpose family home, the house goes up in value over the mortgage term as dose inflation so the original loan amount becomes less. This is also done with a portfolio of properties so as one increases in value you can use that as collateral to buy others with out actually drawing any money out. And the tenants are paying the costs of the original mortgage borrowing but you have the capital gain in assets which you can cash in at anytime by selling up.
@@alankemp1970a lot of work to make peanuts.
I bought my house when property prices had fallen and then stabilized. Prices don't only go up.
You seem to have missed the boat! My third house went from £60k to £275k in 15 years!
@@JOTRDAN2602Yeap, and if it was your family home - you still had to buy another one, assuming you didn't downsize , which would have had a similar increase. But if the next 15yrs were as generous again, you would be doing well!
I'd be broke if I listened to you
Funnily enough I bought my house with a 10 yr fix mortgage at 2%. Threw my everything at it to get it paid off and became mortgage free in less than 7 years. A mortgage is a loan: why the hell would I want to keep paying for a loan every month?!
And as for interest only....sod that!
Fact. In 10 years your house could be worth 50% of what it is worth now. Case in point, the 2008 financial crisis and the property values crash that followed.
Where are we today with the economy cycles? At the very top of it. What comes next? You figured it out yet?
You are spreading awful advise.
And this is why young families can't afford to buy a house .
Residential property should not be for speculation. FAMILIES ONLY
Are you advocating socialism/communism? I know it is frustrating. If you don't think the system will change in my view you better learn and benefit from the system otherwise your life and your families life may not be all it otherwise could be. Do you want to do all you can to look after your loved ones or do you want to moan about it?
@@PaulSmithTouchstoneEducation
Selfish rich people like you always play this socialist card. Your Greed blinds you to people's problems. Go invest in commercial buildingd, hotels etc. Leave residential houses alone. You jack up the prices.
The advice given here is possible only if you are in a relatively comfortable position already.
For the benefit of society, yes, a little less capitalism and a little more socialism would be fine.
"Socialism" is such a Conservative frame.
And you obviously don't know what communism is.
There is no slippery slope from Socialism to Communism to Marxism. Stop watching Fox news.
@@PaulSmithTouchstoneEducation
It’s not about advocating socialism or communism it’s about having a fairer society. I have no issue with people buying and letting properties in a healthy buoyant housing market with good supply to match demand. We don’t have this currently in the UK and therefore the practice of multiple house ownership in the hands of an ever reducing number of people only exacerbates the issue. Houses should be seen as homes first and foremost and the fact they are seen as an investment has partly contributed to decades of unsustainable house price inflation that means home ownership is now beyond a lot of people. This problem is acute in some areas that are attractive to tourists - Cornwall for example. More house building including a proportion of social housing is in part the solution.
The vast majority of rental property is in areas of transient populations such as town and city centres. The majority of rental stock does not impact on families, because families don't settle in these areas. The private rental sector is less than 19% of the total market and the majority of this is in these busy transient places. Students, YP's, overseas contract workers and anyone else not putting roots down are mostly served.
You've been fed a lie that landlords are to blame, so you're not looking at the real issues.
Starting to think that chick might not know what she's talking about. I doubt she is rich either.
This is absolutely moronic advice
Get educated
Only a moron would think this.
How so?
@@XxowendanxXmuch better to get a mortgage you can pay off the actual loan amount and that reduces the interest you pay over time.. and make sure it's one you can pay off early with no penalties.. that way if you pay off even a little more every month you reduce your overall mortgage payments and time taken to pay it off quite sugnificantly
it's also safer if you find that interest rates suddenly go up a lot
that person who said "get educated" is ignorant of history
@CastleHassall I don't know if anyone issues IO loans for a large number of years. If you can get one with the rate locked in, won't you have more cash flow than if you're paying down principle?
Double over 10 years? I have a rented flat that is same price as I bought it 10:years ago and it’s 5 minute walk from a station that gets you to London inside an hour.
What about the baloon payment at the end of your interest payments.
And we are still being lied to. This time it is from you
😂 Agree lmaooo
True because the mortgage will not be less because she did not make payments towards the capital 😢
@@vc391 also we can do a little maths to prove her wrond. You buy single family home for 300K. You are paying 2400 in interest only. In 10 years you would have paid $290,000. What is the likelhood your house will get doubled.?
It depends on the area and also in the market when the price is rising but the price but that is not the rule though.
L
No she's correct.
I've been doing this almost 25 years.
Interest only, rent covers mortgage, asset increases in value while inflation devalues the debt.
When I was borrowing £70k to buy a property when I started, people would only dream of being able to buy with just a £70k mortgage.
But you know what?
In 25 years people will only dream of borrowing £250k to buy a property like you can today.
You control assets with debt, it's not about trying to pay them off.
And the companies they are in, you can have your children as directors for when you finally hand over your legacy.
That's how wealth is created.
Stop arguing and learn.
@@user-gz6tx6yp3vwell said. I’m starting to learn these concepts. It does take a minute to wrap your head around it at first because you have to unlearn what you thought you know about money first. Most people hear are thinking primarily from a consumer mindset. Imagine making interest only payments while investing all the money coming in passively from the property but unfortunately most are just looking to spend it.
Depends on the location. You’re not giving the full story here.
I live in my own flat and the flat upstairs is rented out ,my life has been miserable from bad tenants ,7 in total..now my property value has been affected..fkn greedy landlords only care about their pockets.
And that’ll be why most of her tenants have had rent increases by about 300% and can’t afford the rent or have to move out. Landlords like this have been creaming it for years why the interest rates were so low…
This is the line of thinking that got a little of borrowers into trouble in the lead up to the 2008-2009 financial crises. Unfortunately, many banks would lend into this financially reckless activity.
In 10 years worth of renting that property will be knackered and need a full renovation. Abi is selling you something, that's what she's making money from
Christ, this channel is one of the best ways to go bankrupt
Property prices do not always double every 10 years. They were stagnant between 1991 and 2001.
Truths are the basis of wealth. Thank you for this fact. I'm going to share with everyone I know
Careful! Housing markets go through cycles also! You are not guaranteed the house will double in value! That depends on which part of the cycle you purchased it in! And if it's the house you live in, you don't want to retire with a mortgage!
How do you know the market is about to go south? When they start looking for an exit by pumping the market to small/personal investors
She is what used to be called a bread head back in the day she ll learn
Still not explained how you pay the principle balance yet?
Depends largely on your mortgage rate.
Calculate how much the cumulative interest payments are over the 10 years that you expect the value of the property to double.
And add to that the stress and the cost of having to upkeep the properties that you plan to rent out.
Usually you will need residency property first before bank will lend to you on an interest only BTL basis.
Landlords use this strategy to keep the overheads low and of course take cash out early. All it takes is a change in government legislation and those who are over leveraged will be shafted.
Be careful and make sure you select the right investment strategy for you.
No I’m pretty sure if i didn’t have a mortgage I wouldn’t need to spend my salary to survive and I’d have it to enjoy life
This lady is right a mortgage is other peoples money , if you can use that and make a profit ,one day you will be rich , think about it,
Listen to Charlie and Dave Ramsay, rent from the bank to rent is parasitic
I really hope property prices crash and stay within a reasonable multiple of the average wage.
We are ruining our society treating houses and flats as investments.
They need to be treated as homes.
A secure place for young people to start their families. Life is hard enough as it is.
Depends on where you live. I think the rest of us live in a non-prime land saw our real estate doubled in 20 years. So we paid it off early. Other assets doubled in 5-7 years.
This is brilliant advice when you are spending someone else's money
What happens if interest rates rise and rent doesn’t cover the mortgage. That’s bad enough for one property, but if you have 5 properties it is a lot worse. Doesn’t paying down the mortgage give you a margin of safety ?
At least for the US, housing prices have averaged 6% over the past century. That's doubling every 12 years but that's also an *average*.
The line doesn't only go up.
Please go back to the early 1990's, when property prices crashed.....
This is why ordinary families can’t afford homes…we have too many debt fuelled gambling like investors who have over financialised the housing sector.
good point
I bought two BTL properties 11 years ago and they are worth less now than when I bought them........double every 10 years my a*se
Sounds like 2009
Lady lives on a different planet, says she has a six figure income. So why does she tout training courses.
She might have a few quid, but she comes over as a money grubber. I would actually give the advice free or for beer money if I was on 6 figures.
Will I be able to claim a tax deduction for the mortgage interest payments?
Housing prices are tied to incomes. Incomes have not kept up with inflation and niw there is a housing crisis. Young people can't afford down-payments and struggle with rents in many areas.
Why is now the right time ?
What she says is totally correct. You should never ever pay off your mortgage, instead reinvest that money into more assets
Paid my home off and was the best financial decision I have made for ME. I make one house payment a year. I also have another home I'm building in my spare time that's paid in full. I'm not in life to get rich. I want life balance. It's easy for women (especially if they're halfway attracti) as there is some simp that she will lead like a puppy dog to fix the place up.
This lady Sounds like a car salesman
Please publish full financially audited accounts over five years to prove your sales pitch.
Ok so bought mine in south east uk for £367,500 that was 17 years ago been offered £590,000 so my house should be worth £1,249,500 doubling can’t be right every 10 years 🤷♂️
Musical chairs, right now I don’t hear any music, just silence.
Oh boy, the coming housing crash will teach her a tough lesson
Basically, u are managing a home to the real owner the bankers aka bankster, they collecting interested from u and also they can decide that your mortage interest should raise or even to pay all the debts and make u default in a blink of an eye.....
Your right for now, however if the population going upward trend reverses for the first time in 70 years and demand collapses for the first time in a very long time, something like a world war happens, you'll be totally screwed.
Do u buy in your name or under a trust?
how is your mortgage smaller when you're not paying on the mortgage? you're just paying the interest.
Im from the staes, and i think we need to talk!
Double in 10 years? I've been at my place for nearly 2 decades & i am up maybe 50% at a push.
If anything there’d be a crash coming
My phone just rang. It was 2008 on the phone saying they fancied making a comeback.
Mortgage will be smaller in 10 years ?
How will her mortgage be much smaller after 10 years when she is only paying interest only?
Spot on
Property Prices DO NOT double every 10 years. That's BS - and I've been in property since 1996
1960 - £1,500
1970 - £3,000
1980 - £15,000
1990 - £50,000
2000 - £75,000
2010 - £160,000
2020 - £260,000
Mean Growth Percentage Per 10 Years = 192% Growth
So Craig, you win... Property, on average, ONLY grows 192% every 10 years.
(cc: Economics Help)
@@PaulSmithTouchstoneEducation I know someone who bought a house in 1969 for £3,000 and sold it 45 years later for £3,000,000 - that'd be worth £68K by your calculations
... And Someone else who bought a property in 1997 for £300,000, spent £14,000 ripping off the boarding up £10K fixing the drainage and sold for £3,000,000 in 2008 so worth perhaps £650K by your calcs.
so these are way MORE than doubling every ten years.
Conversely I know of property bought for £108,000 twenty years ago now worth £160,000 so technically should be worth £432,000 by your calculations.
AVERAGES ARE WORTHLESS
Properties no longer double every 10 years, you’re probably looking at 20 years at best
Wow,,,,
So, real-estate only apriciates in value?
Wow.
I must be living in an RV because I'm stupid.
Inflation will also eat into the loan 10 years from now..
Property prices double every 10 years... Until they dont....or they crash
Double! Damn im moving there.
I am from EU. For 100.000€ i will pay back the Bank 150.000 !!!!....😢😢😢😢 its a robbery !!!!
Until there's a market crash, and yes, history taught us they happen quite often.
She could be Dave Ramsey daughter 😅😅
I’m not agree keep on investing in property. In facts is difficult to sell the property at this moment. Having cash money is King now.
Interest is over 5% very high
TH-cam should vet these type of videos
My property value hasn’t changed in 10 years 😢
When’s this crash going to place?
How old was she in 2008? Did she miss the whole housing bubble bursting thing? Sorry housing doubles every 10th year because she said so.
Yes... but half truths
This lady will rekt you!! Keep listening
Did she not live through 2008?
Yet wages don't double in 10 yrs ... just think about it , who will be able to afford to buy them
I don't wish to lower myself to the same level of these touchstone crooks but she has more of a face for radio.
You shouldn’t tell people about this ,we don’t want everybody and his brother doing this ,
What about from a moral perspective? Do you never sit there and think how you're contributing to the misery of millions of people sucking up the supply and increasing rents on those less fortunate? That's why I'd never buy a second property, it doesn't sit right with me.
Interest rates are way too high now for this sort of game
She fails to mention risk. No investment or asset is a one way bet. Just think of why she is lecturing on the internet rather than spending her time finding, researching and buying more property.
Sounds like something Dave Ramsey did and the banks foreclosed on him because he had too much debt racked up and he went bankrupt 🤣
She should change her professional keep ur advice to ur self
200k for that as well… that’s so cheap!!!
Financial advice for dummies.
What?? She makes no sense at all
And to think that I always thought the best thing I coupd do is pay my mortgage off asap
Houses double every 10 years?
I would like more information
Until the crash comes round again….. like the 90’s
Bought a property 17 years ago at the going rate they were selling for. It's now worth LESS than it was 17 years ago. Double every 10 years, you are having a laugh.
Stop looking for get rich quick schemes people. True wealth is built over a lifetime and anchored on a foundation of spending less than you make
This woman basically says the same thing in every video