So true. My net worth worth has increased $50,000 in the last three months all from my investments in my Charles Schwab brokerage accounts. People are broke because they aren't investing and why aren't they investing, because they don't manage their paychecks properly.
He is lying by omission, Yes houses where a lot cheaper in the 80s but mortgage interest rates where as high as 20% A $1k mortgage payment at 6% would get you a loan of $167K but at 20% you would only get a loan of $59K. The only people who where making out on buying houses in the 1980s where the ultra rich who could pay cash. Lets now compare apples to apples. The average home price in 1980 was $47K Now if you take that 80s $47k house price with a 20% mortgage interest rate with a down payment of 20% and adding 44 years of inflation that 1980s house you would be paying a monthly mortgage payment of $2,406 today. Now that same house being sold today at $360k your monthly mortgage loan payment would be $1,727. Which would you want to pay $2,406 a month for a $47k 80s house or $1,727 a month for a $360K house? I gave this video a thumbs down because he was out right lying by omission.
WHY DOES YOU TUBE ALLOW THESE COMMERCIALS, THAT ARE SCAMMERS AND GRIFTERS 90 PERCENT OF THESE COMMERCIALS ARE SCAMMERS, WHO WANT ONLY YOUR MONEY, THEY ARE TOTAL RIPOFFS FOR SURE.
Not everyone is broke. Just broke people surrounded with other broke people
Everyone is always broke. Then you listen to them complain about how broke they are, and then you realise they are simply very poor at handling money.
Partially true.
Everything is getting more expensive where no matter where you are exception of being extremely wealthy, the goal posts keeps moving.
In Singapore, in average it takes 25 years (average income) to pay off your mortgage for a leasehold public housing flat.
That is so true
Everybody is not broke. That is disingenuous to say. As a matter of fact, many , many people are doing very well.
Exactly. It's just a very loud minority who are doing poorly. The vast majority are doing just fine
So true. My net worth worth has increased $50,000 in the last three months all from my investments in my Charles Schwab brokerage accounts. People are broke because they aren't investing and why aren't they investing, because they don't manage their paychecks properly.
I always joke that I'm a broke bloke!
He is lying by omission, Yes houses where a lot cheaper in the 80s but mortgage interest rates where as high as 20% A $1k mortgage payment at 6% would get you a loan of $167K but at 20% you would only get a loan of $59K. The only people who where making out on buying houses in the 1980s where the ultra rich who could pay cash.
Lets now compare apples to apples. The average home price in 1980 was $47K Now if you take that 80s $47k house price with a 20% mortgage interest rate with a down payment of 20% and adding 44 years of inflation that 1980s house you would be paying a monthly mortgage payment of $2,406 today. Now that same house being sold today at $360k your monthly mortgage loan payment would be $1,727. Which would you want to pay $2,406 a month for a $47k 80s house or $1,727 a month for a $360K house?
I gave this video a thumbs down because he was out right lying by omission.
WHY DOES YOU TUBE ALLOW THESE COMMERCIALS, THAT ARE SCAMMERS AND GRIFTERS 90 PERCENT OF THESE COMMERCIALS ARE SCAMMERS, WHO WANT ONLY YOUR MONEY, THEY ARE TOTAL RIPOFFS FOR SURE.