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RENTING keeps us POOR but BUYING a house can make us BROKE 🏠🇨🇦
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- เผยแพร่เมื่อ 12 ส.ค. 2024
- In this video, we talk about Renting vs buying and explain the differences with actual numbers rather than speculating and second guessing the market - I will let numbers decide what's better.
Inflation & recession - • The "crazy talk" of RE...
I am a licensed mortgage agent #M21004312 working with Dominion lending centres, Valko Financial #FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs.
I help First time home buyers & investors make smart realestate decisions based on numbers and not emotion. Want to book a call 👇 (It's free 🥳)
www.growwithnav.com/book-a-call
MORE ABOUT ME 👇
My mission is to provide you with actionable content that enables you to build your wealthand live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, started with very little money, no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learnt and continue to learn to you via this channel.
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Hats off to you👏🏻👏🏻 for putting soo much efforts in making these slides and making people more knowledgeable.
Thank you Sahil 👏
Thanks so much for your great efforts...
Good that I am subscribed to your Chanel. Didn't knew that you were a mathematician too upart from an immigrant, you tuber, analyst, real estate agent, husband, human being, etc.....
What do u eat pls share for so much creativity.....
I must meet you early in this life... Thanks a lot nav. 🙏🙏🙏🙏🙏🙏
❤️👏👏👏
I really appreciate the effort you put in documenting all the details. Kudos!
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Love your 5 rules - they make so much sense!
Thank you Matt :)
super long term, buying a house is long term generational wealth.
Great video with proper explanation by visual and numbers
Thanks 😊
Hats of too your efforts and knowledge.This was your passion which you identified❣️
Thank you 😊
Great work as always Nav. So much to learn about. Very helpful information 😀
Thank you 😀👏
Amazing calculations ! Very informative video. Share more such content . Also kindly share what some
More insight on research you dis before buying your condo. Thanks
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So much detailed explanation. Thanks Navjot 🙏
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Really great video Navjot ❤ Thanks for putting so much effort to make your fans and followers wealthy and plan our future. I show your videos to my parents as well.
Although, I laughed hard when Canadian says “Land is Scarce” 🤣
Thank you 😊
This is great sir!
Damn bro great video thx god I saw this
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Excellent analysis. But awaiting content on pre-sale buying and selling :).
I am not liking Precons right now. Do follow a reel on insta - will be posting it there tomorrow
That’s simply awesome 👏
Thank you 😊
what kind of investment property would you be looking at now? do you think these numbers stay valid for such properties aswell?
There is much more to investment properties vs owner occupied. Will make a video on that too, down the line.
Great content! Although, i personally feel, in this particular example, having money in hand(in bank account) just trumps buying.. for one reason, that i cannot sell the house to realise its worth because then i will be homeless! So mentioning that its your primary investment( the home i live in) or a secondary investment(which i may be able to sell in the future) to realise the gains over that period, is very important! I can use that money in my account to buy businesses or more real estate( the secondary investment i mean).. i hope i make sense here! Correct me if i am wrong plz!
True!! If you can, then sure 👏
But most people won’t even invest the difference. That’s the issue.
Another video with complete info awesome
Thank you Suraj 👏
🙌🙌such good info!!
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If I sell the property, I can make a profit right , and then I need to buy a new house or I need go for rent again . One more thing if I am a first-time home buyer , how can I rent my house? All your numbers don't make point.
The comparison in the video is a lot simpler - It’s about if you keep living in your house or keep renting forever.
Thanks for this informative video
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Great work on the calculation but did you not take insurance into consideration? And I am sorry to repeat but please make a detailed video about stock market and how to invest in it and what companies should we look for. Once again, really well researched.
Insurance will be there for both :) rental insurance and home owner insurance
Will make one soon
As always amazing video 👌🔥
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Why did you ignored the tax component? Anyways very good and informative video. Always knew buying makes more sense just because why to pay almost equal rent to emis. But didn't knew difference will be so huge.
Lets grow with Nav 🏦💸
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mazza aa gaya ! thank you !
In the first half, you literally convinced me to stay on Renting for the whole life 😂
Hahahaha - till inflation started playing it’s role 😂😜
Fabulous work on Excel Navjot. I felt so wonderful to see the working which I do on excel right in the video. More so, this is one video which will be exactly befitting for 25 years, rather for every decade. 👏🏻👏🏻👏🏻👏🏻
>>Gurdeep Tuteja
Thank you so much. This comments means a lot to me 😍
interesting and informative....
Thank you 😊
In this example Nav, you have used a rent to own ratio of about 1:22 which is the viable range. The challenge in most Canadian real estate in my view is that property valuations are high, especially in markets like Vancouver, GTA etc. where the ratio is more like 1:55 rent to own. If you re-ran your numbers with this kind of valuation, it would clearly be a Renters market. E.g. single family home on Vancouver is $2M but rent is about 4k pm. Food for thought, but great video all round, lots of great concepts and perspectives to think about which would be very useful for folks like me. Tnx
Yeah, makes sense. Some cities are crazy - even here in Ontario. This should make for a good topic - also tells cities worth buying rental properties in!!!
great video... but inflation is supposed to be 3% annually not monthly (unless i am missing something)
I have done yearly. :) taken 3% increase start of every year.
@@growwithnav the video makes it seem like it’s month over month increase. Must be me not understanding correctly
@@akshayXX88 :) the excel has 12 months at a time same numbers. And then increases the 13th month. Monthly will be devastating 😃
I watched it again and you are correct.
Oh yes I see a new video and I click on it. 😁🔥
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#MindBlown
Amazing video
👏👏👏
Paaji kya chal raha hain?
Paisa Kamana 💰💰💰💰
@@rohanutep81 $$$ chap raha hain paaji
A childish sentiment:- 2 years back when I had no idea about real estate or investing i always admired living on rent because of the freedom of mobility it gives but never really thought of things like renting homes and generating cash flows my mind was blown when i came to know about things like compounding as if it’s a magic but its just simple maths ➖➕✖️➗🟰
It is just maths 👏😀