Who tf could save up $50,000 for a down payment if they weren't already saving for 10 years? Holy crap

@breerowe2721

2 ай бұрын

ikr??? I HAVE to assume that most of the country just gets parents or grandparents to help them out

@dutchik5107

Ай бұрын

It's easy. Live with your parents not paying anything nor doing anything with your life. But still work full time.

@abbystarheart1

Ай бұрын

Either have rich parents, or nice parents who don't charge rent and whom living with doesn't drive you up a wall

@tf3655

Ай бұрын

People with decent paying jobs and a low cost lifestyle.

@breerowe2721

Ай бұрын

@@tf3655 “decent” varies greatly. the cost of living is out of proportion.

People will have to accept reality that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. I now look towards the stock market to fuel my millionaire goal. Sure I'm not alone in my chain of thoughts.

@arlenehill4ril

2 ай бұрын

U.S. stocks have historically been the best investment. Much safer than real estate. Treat it like real estate, don't panic sell and impulse buy.

@fromthebirchwood

2 ай бұрын

I like both. But in my experience, most of the millionaires that I know have gained their wealth through diversified investments and they all had a sort of advisor helping out with informed decisions.

@Charlesman_T

2 ай бұрын

excellent share, just copied and pasted Karen Lynne Chess on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal

You’re not gonna save the money working a minimum wage job. It’s not even like there’s a housing shortage, there are more than enough homes, they just sit empty cause nobody can afford them.

@emg.721

2 ай бұрын

To afford a 500k mortgage you need to make 130k gross lmfao. Only the top earners can afford homes anymore.

@cloudmastr8105

Ай бұрын

Shouldn’t supply and demand kick in to reduce prices if there’s a supply surplus (empty homes)?

@rickayh.1250

Ай бұрын

Supply and demand is an econ 101 concept. Reality is more complicated than the simplest econ class you can take.

@cloudmastr8105

Ай бұрын

@@rickayh.1250 yes, though it is usually the framework used in the political narrative to justify changes which further detract from housing availability and affordability. I’m glad you understand that it’s an absurd reasoning to use

@BliffleSplick

Ай бұрын

They sit empty because corporations own them. REITs are depressing if you learn about them but you probably should

yk what? i didn’t really want to live anyhow

Sucks that all the houses where i live are 500k+ lmao i hate canada

@sanityssakearts1416

2 ай бұрын

Look to smaller towns. Fairview Alberta has some cute little houses for $80,000-$150,000 depending on what you're looking for. Employment opportunities are a little lacking, but there are ways to get around that issue.

@blazer9547

2 ай бұрын

Doesn't matter, so called international students are coming everywhere​@@sanityssakearts1416

@LivingGuy484

2 ай бұрын

Fair but Canada has really attractive people (from what I've seen as an American) lol You can find yourself a special someone, and you've got a dual income!

@sam-ib6lk

Ай бұрын

try Australia I'd be lucky to find a house under million 😭

@BliffleSplick

Ай бұрын

Annnd they're gone. "Investment" properties, yaaay /sarc

Got it, I’m living on the streets when I’m older. Or maybe I’ll sign my life away to the military. They would house me.

@sanityssakearts1416

2 ай бұрын

Not a bad plan. Not only do you get housing, but also a paycheque, and a pension when you retire. If you were really good about saving and investing your money while serving then you probably could afford a house somewhere when you decide to leave. Additionally, the military will pay for you to get higher education, but they do require you to work for a certain amount of time after you graduate before you can retire.

Why am I only seeing things about buying a house AFTER I just bought a house lol

@11mimiriri

2 ай бұрын

:-))))) Same

Most people who own homes can't afford them.

@sycops1

2 ай бұрын

That's becoming more of an exception then the norm especially given the banking regulations throw into place after the 2008 housing collapse.

As someone from Halifax, a lot of other living costs are more expensive than Ontario, also taxes are higher. The housing cost is only one factor. Not to mention that the health care system is crumbling...

Thanks for the information

Property taxes can be held in escrow by mortgage company and just become part of your monthly mortgage payment. Mortgage insuarance is REQUIRED from almost any mortgage company where you don't put down at least 20%. Hinestly looking at this list of things, if you rent you're already paying the following: Insurance- renter's is cheaper so you will probably have a higher premium. Mortgage payment you already pay rent and mortgage payments are sometimes cheaper. Utilities already paying for. You definitely left out HOA costs since like 80% of all properties are oart of one now.

In Australia, that would a bargin in the capital cities

Well if she only plans 10% then nice to have becomes must have mortgage insurance.

Can you pls do a $5 lunch but cow and goat milk free and gluten free

REMINDER : THIS IS LIKELY DIFFERENT IN OTHER STATES.

500k is basically the low end for what houses cost in my city. Rent is pricy too. We’re fucked lol

when you just said Halifax like it was no big thang i said “wait wtf” aloud. Been watching you for some time now, cool to know you’re a local?

15k in solicitors? Is it really different between the us and uk because im paying £1800

@tf3655

Ай бұрын

In Germany you can calculate with 10% for all the side costs (Notar, Grundsteuer etc)

don’t forget HOA costs 🤪 ✨

Your Canadian??? This woman is beautiful and humble 🙋🏻‍♂️😉

My god, how is THAT house $500,000?!?!

Mortgage insurance as a nice-to-have? That’s not the way it works.

I can't find you guys on tiktok 😭😭😭

@StreetCents

2 ай бұрын

@streetcents

@kalakings3358

2 ай бұрын

@@StreetCents still doesn't come up :(

Girl, you dont need to tell us were never buying a house. We know.

$500,000?!

@Spirituallatebloomer

2 ай бұрын

A house like this in Toronto heads into the millions 🥲 It depends where you are in Canada but this price is normal for the cities. In a small town like where I am, you are only looking at 200,000 - 300,000 but your monthly payments are the same. 🥲

Don't forget HOA costs!

im never going to be able to afford a home *cries*

Mortgage insurance is not a “nice to have” it’s a must have if you put less than 20% down

Ya most younger Canadians have accepted owning anything isn’t possible anymore. Gotta start moving to Europe now💀

@rasbyyy_ig

Ай бұрын

nah you wont have any luck here either lol

@zieuc964

Ай бұрын

@@rasbyyy_ig Depends on the country I guess

Respectfully begging for a video like this about renting!

@StreetCents

Ай бұрын

we got you 👀

@starzies

Ай бұрын

@@StreetCents thank you pookie

Not the $500,000 house being tiny

Need to get the government out of involvement with our homes. Everyone wants their hand in your pocket. If we could just build our homes like the old days, we'd all be much richer.

@user-sf8yt7xz1n

2 ай бұрын

And why exactly couldn’t you Just Build your home like the old days? How Much do U think it costs to Build a house? Where are u gonna get that money? You need to borrow regardless …

@truckywuckyuwu

2 ай бұрын

@@user-sf8yt7xz1n Because, at least here in Canada we have "building codes" that you have to follow. You can build a house, but if you ever want insurance, or power or plumbing in it, or anything really, You have to pay out the ass for it, and if you don't follow the guidelines you can get fined. Gone are the days where you can just go get some building materials and throw up a building that'll last 100 years. Because the government is involves with so much of our housing, its often prohibitively expensive to build anything other than your standard timber frame and dry wall house. This is why I say they shouldn't be involved as much.

is this canadian?

@StreetCents

Ай бұрын

yes 🇨🇦

Wait you guys this much and then i squatter can come and basically steal your house?? Wtf i dont understand America

@rasbyyy_ig

Ай бұрын

theyre based in canada