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The ULTRA-WEALTHY ONLY LIVE OFF…
Cameron Long
So if owing is bad, how is he renting it?
Real estate investors will always say owning a primary residence is liability.
Why? Because you physically have to get up, go work, pay the mortgage, property taxes, insurance, wifi, electric, gas, trash, water and maintenance thus taking money out of your pocket every month, instead of putting money into your pocket.
Again, I said liability not a bad investment.
When you’re renting out a property the tenants are paying for your mortgage, property taxes, insurance, maintenance and cash flowing money into your pocket.
Hope this helps?..
Leveraging assets buddy
Renting makes sense if you’re unmarried and have no children. If that’s you, then you don’t need a lot of space and renting a 1 or 2 bedroom spot would probably be cheaper than owning something.
The landlord, is always the one that comes out on top here vs the tennant. LL will always have the upper hand because they can always increase your rent to whatever they want to increase their bottom line… if you own, you will have consistency with your mortage payment and its YOURS to do whatever you want with it, upgrades, changing light fixtures etc, paint colors whatever…. you cant do that if you rent. Renting is like a HOA. If im paying x amount of money…. your not telling me what I can and cannot do.
@nathan3647 wrong. In an overwhelming majority of places it’s cheaper to rent a 1 or 2 bedroom apartment. My 2 bedroom half duplex is costing me $1350/month. If I bought a house in my area my mortgage would easily be double that plus I’d have to tie up cash in a down-payment plus I’d be responsible for all repairs. If you’re unmarried with no children it’s not even close. The math says to rent
charlie munger said he doesn’t care if single people ever get a house. Warren Buffett said the right time to get a house is when your wife wants one. He waited until the down payment was 10% of his investments though. Grant’s not wrong that houses are expensive. Even when people inherit properties, sometimes they have to sell because the expenses are too much
@@0nt0p0fth3w0rlddo tell us these places
It’s almost like he wants everyone to rent, so they can rent from him
Renting is a good idea regardless. Don’t be so stuck up bc you hear it from someone you may not like
@@CommanderRichbut then your putting money in the pockets of someone else instead of putting money into something you can do whatever you want to with…. Regardless of how you look at it owning your own land and house is better than renting one you either pay someone else’s mortgage or you pay your own
@@CommanderRich When you own a home you are basically renting from yourself, there is just no way its not financially better regardless of maintenance etc.
@@CommanderRich just say you’re a landlord.
@@CommanderRichFound Grants Bruner. Yeah I bet all you fuckers want us to rent. 🤡
He’s full of it. If it really were a losing game, he’s cut his losses and sell. Don’t believe this man. Owning your home is a blessing. And rental property is yet another blessing. Just got to know what you’re doing and get a good tenant
Perfectly said and I ain’t mad at him he just always in sells mode
So owning is a bad deal for us but he’s got properties to rent out😂
I didn’t think about that lol
There’s nothing wrong with owning a house, but hes speaking on people who buy houses to live in. With the amount you’re paying in interest, property tax and insurance it’d make more sense to rent if you don’t plan on staying in that home for 10+ years.
Soooo what op said is spot on haha@dylan-vc4qp
@@dylan-vc4qpLol and what do you think people are doing when they’re paying $500 less to rent for the next 30 years you clown?
You must just do your calculations at all times. I have a fixed mortgage rate for the duration of my loan. Rent prices have gone x4, in the last decade, where I live. nobody could’ve foreseen it. Some people pay that amount for an apartment 3x smaller than my house…
Buying was the right thing for me.
You made a leveraged trade with low downside risk. I did the same. 100% mortgage on my place which I sold later at 4% compounded growth. Interest rates were 2%. Maintenance was 1%. I made 1% risk free per year compounded and also got to live rent-free.
This is the equivalent of “Don’t cook your own food, go to a restaurant every time.”
When you’re wealthy, it can make sense
@@luckynumber5.56problem is he never states that and pretends 90% of America who can only cover rent or a mortgage are better off renting forever and owning nothing. Dudes a clown.
From a business poijt of view he is right, but a home is where u live, not the house u buy.
That’s what cooperate America wants you to think. Yet they are building and selling all the track homes. Corporate America. At its finest
He’s telling people to rent, but he’s a owner collecting rent.
It’s a business for him not a place to live
Exactly, he owns threw a company the places he “Rents” to himself..
He’s right about this unless you pay your mortgage off quickly you not making any money most times
Well tell people to stop buying million dollar or more homes, they aint worth it for most parts of the US…..even if they person can afford it, the cost of maintenance and repair, property taxes, home insurance, high utility bills, HOA fee , it is not worth it…… even if the person a millionaire….they are better buying a 300k o r 500k with the same square footage……. sometimes people got to move……since when it comes to money, there is nothing to prove……..get value for money, not just do stuff to show off…..
He should really say about the price point……aint nobody needs to buy a million dollar home in America……unless you are running a business where the proceeds can pay for it, not the income you generate, even, if it is a million or more…..people stop trying to impress people, stop the decadence, to me a house is not a waste of money, if it can be paid in full and people have basic knowledge of home repairs…..stop depending on people and learn skills to depend on yourself…
Now why would a landlord tell me to rent?!😂
Owning a house is a blessing.It’s one of the best investments a married couple can make and pass down to their children.
My neighbor has a house with extra land, and he rents the extra land out to a school. He and his wife think it’s a good deal.
GRANT!!! ID TAKE ANY OF THOSE 40 MILLION HOUSES NOBODY WANTS 🙏🙏🙏
Man don’t want competition
He forgot Insurance. Which is hard to get in some states
It’s not no one wants the homes, its a large percentage cant afford or get approved to buy one
You can finish paying a mortgage, you’ll never finish paying rent💯💯💯🖐🏽🎤
After your home is paid off there is still property taxes which are also forever. Don’t pay them and your property get seized. Doesn’t matter if it was paid off decades ago.
😪
Clown. Property taxes on a 400k home is around 4k to 8k a year. Once owned, it is yours. I rather pay that a year than 2k month to rent a property that i dont own which equals to 24k a year. Take the L clown. And once you own for a certain amount of years, you can get tax exemptions which property tax will be much much less. @@niknakpaddywack121