The New REALITY: Buying a House is NO LONGER SMART!

According to the latest data renting is now I'm average 35% cheaper than being a homeowner across the United States. And of course those numbers can be even greater in a higher cost of living area. It's no wonder home sales are at a 30 year low and renting is becoming more of an appealing option every day.

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[Vincent-ju]

Don't have a job = can't afford housing.
Have a job = can't afford housing.
So why have a job?

[tonysilke]

I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

[Aarrenrhonda]

I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .

[tenfodaddy]

I’d rather live in a tent than rent an apartment again. The noise, management and maintenance turnover, smokers on their patios above or next to you, noise, smelly foods, package theft, parking spot battles, renters in some cultures that sign and acknowledge only one family or whatever per unit but they have aunts, uncles, adult brothers and sisters all piled in, trash heaped up in dumpsters or spilling all over. No way- never again.

[mydressmemos]

A house isn't the best investment, considering the state of the economy right now. After selling my Boca Grande house, I want to put $200K into stocks because they can still increase in value during difficult times. Do you have any great ideas for stocks?

[GramGramGenX-lnsc]

"You will own nothing and be happy" getting closer every day.

[tferr]

We sold our house to downsize but are renting for a year in the meantime hoping prices go down a little. We absolutely hate renting. There is nothing better than owning your own home in my opinion. I love being able to do whatever I want to MY home.

[Hannahbenowitz]

With the economy still pretty hot and inflation sticky, U.S. stocks ended Friday’s session in the red with all three major averages notching weekly losses as inflation and global crises intensifies.The Dow Jones Industrial average dropped 1.24%, The S&P 500 shed 1.46%, and the Nasdaq Composite declined 1.62%. Shares are extending a downtrend. I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if there are any short term opportunities I can invest in.

[robertwalker-gcds]

We are all one event away from homelessness

[DirtMacGurk]

I’ve never understood how houses “appreciate” so much when the materials they’re made out of don’t get better they deteriorate. I thought that’s why cars don’t appreciate. 🧐

[ms]

When corporations buy single family units, prices go through the roof!

[MegaDePorter]

I retired "in place" here in the Great Lakes Region...love it. Love the snow & 4 seasons.
Never saw the attraction of Florida.
Oh, I retired 20 years ago. At 80, my "hut" is long ago paid for.

[thlady]

These prices are delusional. The only thing that makes sense to me here is that the owners are using "unrented" status as a either a tax loss write off or as a mechanism for money laundering.

[mildredpierce]

I’m not a homeowner, but I discovered your channel maybe a month ago and I am fascinated by it. I really appreciate the information that you provide.

[dianelee]

We WANT a video on renting versus buying!!! We are on our 60s and tired of upkeep

[JimJamieson-zh]

Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in September 2024..

[rudyzooti]

20k to go on my house at 3% interest, I’m staying put for a while. Live within your means and don’t buy stupid things

[inveritategloria]

Those new houses don't look like homes; they look like containers; cleverly placed so the owner can enjoy view of others' home while living in a box.

[alexfarid]

One of the reasons that price of the houses are high is because of investors are buying single family homes as if Stock Market is not enough for their greed, there should be a law to prevent investors from purchasing homes so that owner occupiers must have the priority to own it .

[glennjsoucy]

We paid our house off. It's like a giant weight being lifted off our shoulders. Sure we have to pay taxes and insurance, but its nothing compared to renting.