Why You Should NOT Buy A Home In 2022

The YouTube Creator Academy:

WHY YOU SHOULDN'T BUY A HOME IN 2022:

1. IF YOU'RE IN A RUSH TO BUY SOMETHING AS SOON AS POSSIBLE
It was reported that buyers who RUSHED to buy a home were SIGNIFICANTLY more likely to face 4 MAJOR issues: 40% were overwhelmed by the amount of maintenance the property required, 32% say that the home turned out to be TOO SMALL, or LACKED important features, 28% said that their mortgage payment was too high…and 24% worried that their home was a bad investment…and was too expensive.

2. IF YOU HAVEN'T ANALYZED THE OPPORTUNITY COST
I would go on a limb and say that almost everyone who REGRETS their home purchase, which is roughly 2/3rd of adults - didn’t do the math, AHEAD OF TIME, to make sure buying a home was really in their best interest.

3. IF YOU'VE ONLY BUDGETED FOR YOUR MORTGAGE PAYMENT
Even though you might have a $1500 per month mortgage payment…when you add everything up…you could VERY WELL be approaching a $2500 per month when you take into account property taxes, insurance, repairs, and maintenance…and that’s something that HAS to be taken into account, and properly budgeted for.

4. IF YOU HAVEN'T CONSIDERED THE TRANSACTION COSTS OF BUYING AND SELLING
When everything is said and done, selling a home can easily cost you another 4-6% of the homes value from start to finish…meaning, just to BREAK EVEN on the purchase…you need to sell your home about 7% HIGHER, otherwise - you’ll start to pay out pocket for these transactions costs. 

5. IF YOU'RE PLANNING TO KEEP THE HOME LESS THAN 5 YEARS
That’s because, the shorter you plan to keep your home for - the riskier it is that you’ll make money owning it. Things like transaction costs, property taxes, insurance, maintenance, and repairs are all non-recoupable costs that you will NOT make back…so, you’ll need to expect that property values would continue to rise to offset that expense to make buying “worth it.” 

6. IF YOU DON'T KEEP 3-6 MONTHS OF HOME EXPENSES IN CASH AT ALL TIMES
Just like “FINANCIAL EXPERTS” always recommend you keep a 3-6 month emergency fund for anything that might come up…I VERY MUCH recommend a “HOME EMERGENCY FUND” that covers 3-6 months of your homes bills, repairs, maintenance, and payments - JUST IN CASE something inevitably breaks, or there’s an unexpected bill beyond your control.

Creator Properties - This communication does not constitute an offer to sell or a solicitation of an offer to buy an interest in any fund or investment vehicle. Any such offer, sale or solicitation will be made only pursuant to a confidential private placement memorandum, limited partnership agreement or operating agreement, and subscription documents. An investment in any real estate fund involves significant risks, and investors should have the financial ability to accept the risk of loss of their entire investment. Past investment performance is not indicative of future results.

My ENTIRE Camera and Recording Equipment:

[renoz]

*binance lagged right now*
*pair btc to ethereum almost x 4.*
*i dld video, *

[efrainanaya]

Mad props to you Graham! putting yourself in one of most vulnerable uncomfortable positions imaginable. No matter the outcome you’ve earned mine and others respect much love!

[mkfmgaming]

Been watching you for years now and I have to say. That fight was so entertaining and I’m so glad you participated in the charity event. I can’t believe how much training went into this because it shows from both parties! Bravo and can’t wait to see some more videos in the near future

[itsGlyst]

If you’re complaining about having a high payment and a small home in a bad location, it’s more than likely not because you chose incorrectly but you chose what you can afford in an expensive market and we’re on the verge of getting priced out of the market.

[miguelteles]

Hey I just came here to say that it was a nice fight, you did really good! Doing that for charity was really awesome by you. I'm glad it happened!

[jcpbd]

So much respect for participating in creator clash! Just saw the fight and you had so much heart in that fight! I may not know a lot about investing, but since the opening bell I was invested in you

[justamatterv]

Every single like I give you has been worth it. I knew I wasn't being delusional when I thought house prices were not normal. Thank you for addressing this.

[OCPD_support]

Loved the fight! It was a great event and you should all be very proud of what you were able to accomplish.

[ae-holo]

When I bought my house I didn’t take in account all the repair cost. However I’m still glad I did, specially now that rent and house prices are so expensive.

[danf]

another interesting point- 2-4 per cent per year for maint and repairs on a 400K home is 8-16K per year! so you stay there 10 years and that is up to 160K - now imagine that had been put into an etf over a ten year period...

[arod]

I loved watching you get knocked out. It was really fun. Keep up it up!

[JakeHGuy]

Thank you for putting all this information in one video.

[Blinn]

That sly garbage disposal line around 12:10 I got a good chuckle

[beeman]

Loved seeing you at the creator clash, awesome job!

[mottaah]

Hi Graham, just want to thank you for putting your heart out there. Love you

[RamiHaddadin]

Great Job on the creator clash fight. I was shocked to see you there and was invested. Michael is a beast and you put up a good fight.

[StevenStranglesPeople]

Graham if you ever decide to box again lmk, I’ll train you for free! Big respect for stepping up. Very few have the courage to make that walk!

[Thatguyujustmet]

What about buying land and building?

I have enough savings for years... I’m ready to build! I just have to find the place to do so.

[montsem]

Your fight was amazing! And you did a great job!!

[johntacchi]

Just saw some footage of you in the ring. Well done. Very well done. It was courageous to step into the ring on a public event, and you handled your self well. Props to you.