Nope, join the club

@Ja56780

8 ай бұрын

The biggest club in the nation 😂 😭

@octagon_009

8 ай бұрын

First rule of the club?

@fastxsam

8 ай бұрын

Agreed I probably make their total salary and I can't afford a home.

@DeathsInverse

8 ай бұрын

​@@octagon_009abandon hope

@Alamo927

8 ай бұрын

🎉🎉party I am in too

Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.

@RayaMarcus

8 ай бұрын

Home prices will come down eventually, but for now; its best to offset some of your real estate investments and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

@JacobPaula

8 ай бұрын

Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.

@JaneBlac-

8 ай бұрын

Mind if I ask you recommend this particular coach you use their service? I have trouble knowing when to buy or sell.

@JacobPaula

8 ай бұрын

"Stacie Lynn Winson" is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.

@AndrewSandy712

8 ай бұрын

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website. Thank you for sharing.

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

@SandraDave.

8 ай бұрын

I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?

@nicolasbenson009

8 ай бұрын

Personally, I can connect to that. When I began working with "'Margaret Johnson Arndt," a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.

@EddyAgnes-vy4kp

4 ай бұрын

That's impressive! I could really use the expertise of this advsors.

@nicolasbenson009

4 ай бұрын

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Margaret Johnson Arndt for the last five years or so, and her returns have been pretty much amazing.

@ScottKindle-bk3hx

4 ай бұрын

Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.

Great advice. I am so glad you tell the truth. We qualified for $450k to buy back in 2002. Instead, my wife and I insisted on not exceeding $300k. One roof later and one broken main water line and new driveway later, we were glad we were not house poor. Despite getting a full inspection, we had to replace the roof the first year we owned the home.

I am a sped teacher in LA area and want to point out that there are a lot of different pay tables for teachers. There are sped teachers, early ed teachers, pals teachers, state preschool teachers, district intern teachers, university internsteachers etc... all of us have our own salary table, that starts from around 48k-60k. It all depends if your credential is cleared, what type is it, what degrees you have, etc. These figures that the teacher family gave you are not wrong! Fyi.. i make about 50k a year as 2nd year teacher in Los Angeles.

Now, even Arizona is getting to expensive. A 40k-60k salary used to get you a decent 4 bedroom house in Tucson. Now those same outdated houses want 500k!! And that’s on the worst side of town😭😭😂

@Billothy69

8 ай бұрын

I live in flagstaff and my wife and I make about 85k or so combined and we aren't even close to affording a house. Some months we can barely afford rent

@dm96177

8 ай бұрын

So true. We bought our home in 2020 for 340k and gutted it. Now homes in our neighborhood in PV are going for 500-600k for 1200-1700 sq feet. This neighborhood is not that fancy either. I feel bad for people overpaying for these homes.

Realistic approach . this man doesn't know about sugar coating market thoughts. always honest about his vids. Nice one @javier . Awesome vid editing as always i learned so much in this perfectly.

This is one of the cheapest markets in CA too 🥴

I’m a teacher in Central Valley, and I’m so surprised with how low salaries are for teachers in other areas in CA. Our starting pay in my district is $63k. I’m now at $97k (7th year sped teacher) and I owe a home (new build). It’s crazy how expensive homes are in the Bay Area compared to Central Valley!

@JavyVidana

8 ай бұрын

I have a feeling they probably sent me a lower income, I did some research in their district and it seems the starting pay is around what you are saying. It could be because they truly only live their life as if they make the amount they gave me? It could be they were afraid that I was going to stretch out their budget if they gave me the whole amount? Who knows.

@Family4Dogs

8 ай бұрын

Teacher here, in the bay area with a partner in Tech & a recently bought an old but updated condo in SF(6.35%)! Yeah the prices are insane, we live here with the understanding that we will be house poor for quite a while. But every weekend is like a vacation walking/hiking around the city!

@janereinhardt4715

8 ай бұрын

My friend was a 2nd grade teacher in Irvine, CA & was making over $100,000 per year. She retired about 5 years ago & moved to Arizona.

@anthonynguyen1701

7 ай бұрын

I believe you are overpaid as a teacher. Teachers in California specially don't deserve high pay because their students are so dumb and stupid. You should be ashamed of yourself for receiving such high pay from tax payer money.

@Eilvain

Ай бұрын

​@@janereinhardt4715 But Irvine is a very affluent area...not a lot of school districts spend that much on teachers

Cool video man. big fan of your thoughts and your fun editing 👍 I'm calling you my dad now lmao

Teachers in Chicago CPS make 75k and up

Rip to single income teachers

I have been a subscriber of you since the beginning of this year. Never missed a single video from you. Lately, you're producing quality videos and good insights, some may be information overload but overall very helpful and essential. Good job !

This is disheartening. I’m also a teacher in San Bernardino, but i’m single. If a couple can’t do it…😢

2 teachers wouldn't be able to afford a tent on .1 acre where im from

Thanks for the video, Javier. The scenario is applicable to many people no matter if they live in California or not. The first step in buying a house is your budget. It creeps me out when I go to open houses and there's a loan officer sitting there with the selling agent. Buying a house shouldn't be a spur of the moment decision.

Javier the G.O.A.T

Like you’ve suggested before, there’s always the option of searching farther out from where they were originally looking. Cast a wider net and see what happens. Also, Charmander will forever be my fav since I started with the red edition on my gameboy when it came out.

Most starting teachers begin at 65k all over so cal they’re being severely underpaid or you made this couple up haha

Long time watcher, first time making comments, great video, thank you, I too appreciate when people pronounce my name correctly, start with a J but it's spanish

Glad you bring up retirement investing. Saving up for a house is important, but so is future you's ability to pay to maintain that house.

I also am a teacher and this is one(but its one of the biggest) reason we're looking at moving to Chicago. I was pretty surprised with the price of Condos there.

@carloscarrasco450

8 ай бұрын

In Chicago CPS you can get paid 100k in 5 yrs in

Your first mistake is trying to live in San Bernardino, let alone pay to live there. San Bernardino (aside from the rampant gang, crime, transient, prostitution) is a poorly mismanaged city and recently went bankrupt. Anything you purchase out there is not going to go up in value and may very well go down. And before the Dino residents come attack me, I lived out there so I know first hand what it’s like. You can talk to me about the “northern” part or even Rosena ranch, it’s still San Bernardino. Save your money and look elsewhere. I cannot fathom spending 450k on any piece of property in that city.

@Billothy69

8 ай бұрын

Yeah well there's also people who actually WANT to live in Chicago, so there's someone for every shithole

@user-tk3rq8dx6s

8 ай бұрын

I live in Highland in Five years I already have over 200,000 of equity.The cost of living is going to keep going up and also minimum wage.Regardless where you buy a house your property Is going to keep going up.There’s fast food restaurant that are going to be paying 20.00 dollars per hours.

@ReynaDPerez

8 ай бұрын

Haha you’re right!

@calvacalifornia7726

8 ай бұрын

Regardless of your biases. San Bernardino is still growing in all aspects. Equity is inevitable. If you can own in SB… buy it. Don’t put down the city

Great breakdown!

In 2019, I had $80k saved and I STILL had to borrow $50k from my retirement account to afford our $550k house with 20% down. $80k now is nothing considering how high houses are in California.

Not a day goes by without you mentioning taco javier hahahahahaha loving your financial advices lately entertaining and informative video❤️❤️

Love these type of videos!

I’m posting with just hearing the beginning of your video… so basically NO, I live in California and not even 200k a year will get you far. You need a combined income of 250k a year in California just to have a 4/3 house.

Mortgage insurance in this area can be high due to safety and fire hazards. Mine is 😅

Your mind works like a master. I have been watching your videos for a while now and the way you explain things is very realistic however thought organization should be improved because other points and infos are not that much organized but overall your thoughts are very helpful in the market right now. It's what sets you apart from other realtors. Man.. you're funny and brutally honest. Video editing is pretty clean and fun. continue making contents Javier. learning everyday from you. ps. also a taco lover here

Impossible for teachers. That amount ? no i dont think so. Nice video ,Javier. Content and video editing are always on point. if you could talk about ynab more . I would like to know more about it . sending love

laughed so hard at 1:37 .I noticed lately that you are starting to venture into financial advising contents. love that for you. editing is amazng javier good job always

Not unless you move to a southern state. New construction 3bed 2bth about $230k in Louiniana you'll qualify. The median income for married couple is about $50k-$60k here. As a single person debt free, I make over the median income and qualified

I would not wait, I would get the house and then work several side hustles until I built up my savings again to a comfortable level. Actually that is what I did, now I own two homes and although payments are not “affordable” if anything were to happen I have enough cushion to ride out a long storm

Let's do actual house in rural communities like 200k 65 income no debt 15000 saved KY...I still see decent starterhouses for me. My credit score is 734 on chase bank and 664 on discover. 65K is gross

Jenn & husband, come to the Central Valley! 😊😊

i recently watched a video about a HS teacher in orange county, making $115K a year. Such a big difference in SB and OC?

@romanaja125

8 ай бұрын

It all depends on how many years you have been teaching. After 15 years you should be over 100k

@ReynaDPerez

8 ай бұрын

Yes I work in the education system aswell and it’s a great job as long as kids respect teachers.

Depends where in California. Definitely can't afford it in any of the big cities, like LA/SF/SD. Maybe inland areas like Riverside.

Maybe 1 year ago yes

Mom is a teacher, now we're renting. This video is accurate af tho.

Damn I can't imagine ever having 80 k somewhere to my name in savings rough out there.

I came to say- f*ck, no. -sincerely all teachers.

Just wait when all these fast food workers are getting $20 an hour and want to buy a home. I only see prices in SoCal continuing to go up and up. Good-bye to $200k homes; even $300k homes. Some of us are from what we call “old money” and have that blessing. Unfortunately others don’t.

@richardbarrow7498

8 ай бұрын

Who cares

@ilta

8 ай бұрын

200k homes in Southern California have not existed in ages. $20 should be the minimum wage. Rising tides lift all boats, duh. Blaming poor people for the problems the wealthy created. Pfftt.

Not a chance....se boat

nope

No

No they cant!!!

Maybe if they move to the desert

@Eilvain

8 ай бұрын

That is the desert 😅

@anonyghost7422

8 ай бұрын

No, we are already seeing Californian prices because they are moving to the desert. Try Venezuela? /s

Don’t wait for the interest rate or house prices to dip. A $50k income teacher in California is too low, even in San Bernardino. Find a new job and reconsider.

TL:DR NO

Move to another area 😂😂😂 that is the worst area in California

@Eilvain

8 ай бұрын

That's probably the where they can afford tho

Everyone is getting priced out of California .

Nope!

Eh? Is this really a video?

Before I watch, no you prolly need like 5 teacher salaries lol.

They're both teachers....enough said smh

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments...

NOPE. I'm making 300k+ on a single income, spent the last 5 years paying off the student loan debt from my master's & prioritizing retirement accounts while renting a relatively cheap place, and still can't afford to buy. It's gonna be *at least* another 2 years of squirreling away before I can afford 20% down on even a "starter" home in NorCal. I'm in a better place than many, but it's absurd. Like many, my parents built a 3-bedroom 40 years ago for $80k, which they paid for on one full-time income with only a high school education.

@smellybut33

8 ай бұрын

Why wait to put 20% down?

@otameal

8 ай бұрын

@@smellybut33Bcuz an "average" 3Bd, 2Ba single family home here goes for between 650-800k. Taking 700k for example, 10% down + PMI, monthly payment is $5800; 20% down, no PMI is about $5000; both are doable, neither are comfortable. While not my "dream" home, my first purchase will probably end up being a ~$600k townhome, which with 20% down will leave me with a ~$4k a month payment, which I can probably tolerate longer-term.

@TheGeriatricMillennial-80

8 ай бұрын

You earn over $300K+ and say you can't comfortably afford a $650-850K house? My brother makes around $250K and just bought a house for in the beginning of the year at 1.5M. I think his interest rate is 5.5% so granted that's better than what you're probably going to get but still... seems like it should be doable

@ReynaDPerez

8 ай бұрын

It’s getting ridiculous, the economy is going to break and it’s going to break hard, more than 08’

@otameal

8 ай бұрын

@@TheGeriatricMillennial-80 That's like a 7-8k monthly payment on 11-12k takehome pay? I'm not comfortable with that math

Teachers there should be making 80k minimum wage they should move jobs

So glad I joined the military. The VA benefit to buy the house has been a easy mode for me. Bought 3 homes in my life and I now own a dream home and have money in the bank.

Snorlax

Vote for Kennedy if your a teacher I guess. Hook you up with a 3% rate.

No