My payment was $2415 month. We would pay an extra $500 a month towards the principal. We currently just refinanced to get a lower interest rate and to get off of PMI. Our new monthly payment is $2915 a month. We plan on still paying $3700 a month but are now going to do bi-monthly payments.
Try making the payments quarterly, in addition to adding, a payment each month and watch how fast the payments begin to drop on your amortization chart. I've got one more year after starting about a year ago. The timing of the payments is everything. This is the only thing that they all leave out when doing the videos.
Instead of extra payments, I suspect you would be better off putting the $782 per month into shares of Apple and Amazon. The video more or less describes how you can get out of being a debt slave When you have cash you have options. Smart people hold on to cash. They don't instantly shove it toward debt. Once it is used to pay on the debt, it is no longer accessible.
One part of this vid that I do like is the idea of not taking on a large debt in the first place. I think there should be a balance between the amount of debt you incur and the amount of cash you can invest. I would rather have a $1000 house payment and $1000 going into stocks than a $2000 house payment and no stocks. If you have cash and you’re confused I will suggest you contact a finance advisor
Sharon Ann Meny is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession. Here’s what that means for rental prices. (Source: CNBC)
Even the weålthiest person in the world in 2009, Wârren Buffett, remarked that year: "There's class wårfåre alright and it's my clàss the rich that's wåging it and winning."
The housing market is just too crowded right now. Too many people in the game and they all want to cash in and cash out. Wallstreet, foreign investors, small start ups and just boomers down sizing for retirement. I think it'll eventually balance out but as of right now the housing market is only a small piece to the inflation puzzle. The biggest thing that comes to mind is stop spending so much money on the military. Tax payers spend 70 thousand dollars a SECOND on the military. Imagine if that money went to help build affordable housing in which tax payers get investment back for long term rather seeing tax dollars literally blown up in the middle east for nothing.
I was with you for much of this, but it doesn't make sense to draw a line from housing prices to military spending; that's really apples to oranges. This comes down mostly to supply side economics. Not enough houses being built, and if they are the material/labor/permitting is way up. Living in a major Metropolitan area will soon be viewed as a luxury good and not a necessity.
Our federal government paid large corporations to buy houses out from under us. Our government is openly and actively getting us to to pay corporations to compete on the market against ourselves.
Ban all forgein buyers from buying single family homes. Relieve restrictions for adu and multifamily homes. Allow all people regardless of credit an opportunity for housing
We need our federal, state, and local governments to address housing affordability. Companies such as Zillow, Tricon Residential Inc., Blackstone Inc., and Opendoor Technologies Inc. are negatively impacting everyone's future of homeownership. Nobody should have to compete with large corporations for a place to live, whether renting or buying.
Ask her why do they hide the for sale by owner ads? They have to go into a filter to press the tab. Then on your ad they have contact realtor button ha. so a realtor will contact you saying he has a client are you willing to give him a fee and they got the lead on your ad haha, scam! Zillow is crooked.
Try using an ordinary computer. To see For Sale By Onwer (FSBO), you would have to select it on the filter, but it should be automatic to view once you select the city and state.
@@sandyrodriguez2803 What's the reason that you have to select it in the filter? What's the reason that in your ad that they have contact an Agent button? A good percentage of users don't use or know about those filters. Those for sale by owner listings should be available at launch of the site.
I see old TV shows from the 90’s with average middle class homes and they seem like unaffordable mansions now…Currently a lot of people live in what essentially equates to over-priced small gray boxes with no character nor inherent architectural quality. 🏠💸
I’m in Dominican Republic looking at mansions on the beach for $300k and the locals are disgusted someone is willing to pay so much for a house. The min wage here is $1.50 The average salary is $250 a month. Save your money and gtfo of the US.
The DOJ should investigate Zillow for market manipulation. They have used Zestimate to prop up their unsuccessful Ibuy business and draw in potential buyers and sellers to their platform. Zillow's actions have significantly impacted the current housing crisis by manipulating the market for their own gain. They should be held accountable for their actions.
It's not ONLY about mortgage rates. Many cities across the US (almost all of them) have banned low-cost housing from the majority of their land. You heard that right. It's illegal to build an inexpensive home on most the land in your city. Why? Because of Exclusionary Zoning laws which were implemented during Redlining to keep minorities out of white neighborhoods. We forgot to repeal these laws. And now they caused a housing crisis.
BS.. Why not just give all the slackers and spenders on Crapto and Meme stocks a free house. It takes discipline and it is NOT about the administration its about people who watch this site, instead of saving for a home
Some people only just saved enough/old enough to buy a house and afford it. Would have bought the same house size/location in 2019 when it was cheap if they were just born 4 years earlier. The real thing that changed and is ruining younger professionals is the cost killed early retirement. You would been able to retire 10 years earlier with a 3% rate...
Nobody thinks nobody is buying. They are pointing out re are far fewer buyers, and none of them seem to be in the bottom half of income earners. In Previous generations of Americans, two thirds of people could afford homes.
It all started with "Reaganomics". Everything since by both sell-out political parties has basically been Reaganomics, regardless of how it is renamed.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Dorian j Townsend.
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Zillow sucks ! I used them to look for a home . Out of the 12 different homes that were advertised on their site , every last one of them was a dump and very highly over priced . They had been using pictures that were at least 10 years old if not older . After traveling hundreds of miles and waisting a whole lot of gas and realtors that outright lied I gave up on trusting this company for any future dealings with trying to find a home .
Isn’t it up to the realtor to upload recent photos? Zillow likely defaults to whatever the most recent images it has. They’re not gonna send a photographer to every new listing.
@@marklabonte2925 Ultimately Zillow is responsible for their sight and the realtors that are doing business on it . They are liable for misrepresentation of factual information . Accountability is on them .
Be careful what you wish for. I own a house. If I could get an apartment for the same as what I pay for this house every month I’d move in a heartbeat. I envy people who live in apartments.
The weålthiest person in the world in 2009, Wârren Buffett, remarked that year: "There's class wårfåre alright and it's my clàss the rich that's wåging it and winning."
My payment was $2415 month. We would pay an extra $500 a month towards the principal. We currently just refinanced to get a lower interest rate and to get off of PMI. Our new monthly payment is $2915 a month. We plan on still paying $3700 a month but are now going to do bi-monthly payments.
Try making the payments quarterly, in addition to adding, a payment each month and watch how fast the payments begin to drop on your amortization chart. I've got one more year after starting about a year ago. The timing of the payments is everything. This is the only thing that they all leave out when doing the videos.
Instead of extra payments, I suspect you would be better off putting the $782 per month into shares of Apple and Amazon. The video more or less describes how you can get out of being a debt slave When you have cash you have options. Smart people hold on to cash. They don't instantly shove it toward debt. Once it is used to pay on the debt, it is no longer accessible.
One part of this vid that I do like is the idea of not taking on a large debt in the first place. I think there should be a balance between the amount of debt you incur and the amount of cash you can invest. I would rather have a $1000 house payment and $1000 going into stocks than a $2000 house payment and no stocks. If you have cash and you’re confused I will suggest you contact a finance advisor
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
Sharon Ann Meny is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
3% is too low. Government manipulation caused problems.
Rates won't be coming down anytime soon.
So if no one can buy a house.... who is buying all the houses?
Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession. Here’s what that means for rental prices.
(Source: CNBC)
Wall st, private landlords, and over seas buyers
Black rock . U will own nothing & be happy
Corps. The corps have waged a silent coup.
Even the weålthiest person in the world in 2009, Wârren Buffett, remarked that year: "There's class wårfåre alright and it's my clàss the rich that's wåging it and winning."
The housing market is just too crowded right now. Too many people in the game and they all want to cash in and cash out. Wallstreet, foreign investors, small start ups and just boomers down sizing for retirement. I think it'll eventually balance out but as of right now the housing market is only a small piece to the inflation puzzle. The biggest thing that comes to mind is stop spending so much money on the military. Tax payers spend 70 thousand dollars a SECOND on the military. Imagine if that money went to help build affordable housing in which tax payers get investment back for long term rather seeing tax dollars literally blown up in the middle east for nothing.
I was with you for much of this, but it doesn't make sense to draw a line from housing prices to military spending; that's really apples to oranges. This comes down mostly to supply side economics. Not enough houses being built, and if they are the material/labor/permitting is way up. Living in a major Metropolitan area will soon be viewed as a luxury good and not a necessity.
Our federal government paid large corporations to buy houses out from under us. Our government is openly and actively getting us to to pay corporations to compete on the market against ourselves.
Ban all forgein buyers from buying single family homes. Relieve restrictions for adu and multifamily homes. Allow all people regardless of credit an opportunity for housing
We need our federal, state, and local governments to address housing affordability. Companies such as Zillow, Tricon Residential Inc., Blackstone Inc., and Opendoor Technologies Inc. are negatively impacting everyone's future of homeownership. Nobody should have to compete with large corporations for a place to live, whether renting or buying.
These high prices are exactly why squatting and theft is so bad.
Ask her why do they hide the for sale by owner ads? They have to go into a filter to press the tab. Then on your ad they have contact realtor button ha. so a realtor will contact you saying he has a client are you willing to give him a fee and they got the lead on your ad haha, scam! Zillow is crooked.
Try using an ordinary computer. To see For Sale By Onwer (FSBO), you would have to select it on the filter, but it should be automatic to view once you select the city and state.
@@sandyrodriguez2803 What's the reason that you have to select it in the filter? What's the reason that in your ad that they have contact an Agent button? A good percentage of users don't use or know about those filters. Those for sale by owner listings should be available at launch of the site.
I see old TV shows from the 90’s with average middle class homes and they seem like unaffordable mansions now…Currently a lot of people live in what essentially equates to over-priced small gray boxes with no character nor inherent architectural quality. 🏠💸
I’m in Dominican Republic looking at mansions on the beach for $300k and the locals are disgusted someone is willing to pay so much for a house.
The min wage here is $1.50
The average salary is $250 a month.
Save your money and gtfo of the US.
Too many people in the US causes high prices. Hmm, maybe due to the open border.
So immigrants are walking here yet they have thousands of dollars to buy a house with no credit rating? 😂
Many low-cost housing r being used to house migrants, not for low-income Americans to rent.
@@crismcdonough2804apparently, here in Ohio I only see Americans being homeless while immigrants are living in new homes
The American dream is dead.
Not dead just an out of reach nightmare for most.
Not dead just an out of reach nightmare for most.
So sad for young just starting out newlyweds !! They don’t have a chance!
Not dead, but unaffordable to the middle class. If you are rich you can still have the American dream.
It's the American nightmare now. We get to pay corporations to keep houses out our reach.
America is sadistic at this point.
Home values are declining throughout Florida.
Given how fast homes are selling at current price levels and with such low inventories, that means many people CAN afford the homes.
It's not people, it's companies buying.
Let's go Brandon!
President does not control interest rates.
The DOJ should investigate Zillow for market manipulation. They have used Zestimate to prop up their unsuccessful Ibuy business and draw in potential buyers and sellers to their platform. Zillow's actions have significantly impacted the current housing crisis by manipulating the market for their own gain. They should be held accountable for their actions.
It's not ONLY about mortgage rates. Many cities across the US (almost all of them) have banned low-cost housing from the majority of their land. You heard that right. It's illegal to build an inexpensive home on most the land in your city. Why? Because of Exclusionary Zoning laws which were implemented during Redlining to keep minorities out of white neighborhoods. We forgot to repeal these laws. And now they caused a housing crisis.
Lol no it didn't.
@@drewman230 You really don't think banning low-cost housing has anything to do with the lack of affordable housing?
Greed is (actually) not good.
You pretty much need 60k down, and good credit. If you don't have both. I wouldn't even try.
Everybody wants more money lol where is it supposed to come from
We need pay rises
We need a crash. Anything else leads to hyperinflation
What you actually want is more BUYING POWER. The pay raise (rise) is useless when your currency is being devaluated continuously.
pay rises wont solve any thing, prices will just go higher to compensate...thats why california is screwed
they destroyed it now let’s move on so sick of the housing market drama
The solution to high prices is high prices.
BS.. Why not just give all the slackers and spenders on Crapto and Meme stocks a free house. It takes discipline and it is NOT about the administration its about people who watch this site, instead of saving for a home
It’s going to get far worse.
those who didnt buy in 2021 are now locked out probably forever.
No longer affordable and people keep buying🤷♀️🤷♀️🤷♀️🙄🙄🙄🤦
Air B&B corporations, many of which are foreign entities.
Some people only just saved enough/old enough to buy a house and afford it. Would have bought the same house size/location in 2019 when it was cheap if they were just born 4 years earlier. The real thing that changed and is ruining younger professionals is the cost killed early retirement. You would been able to retire 10 years earlier with a 3% rate...
Nobody thinks nobody is buying. They are pointing out re are far fewer buyers, and none of them seem to be in the bottom half of income earners.
In Previous generations of Americans, two thirds of people could afford homes.
Bidenomics
Trumpenomics
It all started with "Reaganomics". Everything since by both sell-out political parties has basically been Reaganomics, regardless of how it is renamed.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you
Dorian j Townsend.
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
+447
476
012
423
There’s a lot of beautiful homes affordable in Bay City, Texas Sergeant, Texas Matagorda county
Zillow sucks ! I used them to look for a home . Out of the 12 different homes that were advertised on their site , every last one of them was a dump and very highly over priced . They had been using pictures that were at least 10 years old if not older . After traveling hundreds of miles and waisting a whole lot of gas and realtors that outright lied I gave up on trusting this company for any future dealings with trying to find a home .
Isn’t it up to the realtor to upload recent photos?
Zillow likely defaults to whatever the most recent images it has. They’re not gonna send a photographer to every new listing.
@@marklabonte2925 Ultimately Zillow is responsible for their sight and the realtors that are doing business on it . They are liable for misrepresentation of factual information . Accountability is on them .
Be careful what you wish for. I own a house. If I could get an apartment for the same as what I pay for this house every month I’d move in a heartbeat. I envy people who live in apartments.
When people dont buy things, go down. It happened during covid.
Housing is ridiculous now
New York watching
Yet there are closings everyday. Makes you think they're lying
The weålthiest person in the world in 2009, Wârren Buffett, remarked that year: "There's class wårfåre alright and it's my clàss the rich that's wåging it and winning."
Who has made our economy crash ?
DemoRats
@@georgeryanjr.776what crash? 😂
@@crismcdonough2804 DemoRats
It hasn't been affordable for decades, wake up already.
😇🍿
If you haven't bought a house by 30 years old, you never will.
😢
FJB! For high inflation and high interest rates!!!
Both of which are declining. But keep crying 😂