I Bought A Home: What I Paid, What I Learned, What You Should Know

In this video, Chelsea shares everything about her first home-buying experience here in NYC — from what she spent to the annoying realities of the closing process.

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[thefinancialdiet]

LITERALLY CRYING AT ALL OF THESE COMMENTS ALREADY GUYS!!! We really have grown up together financially, and it's an honor and a privilege to share it with you all <3

-C

[sergioreal]

Chelsea went from trashed credit score to being able to purchase a home. She inspires her viewers, we love her.

[lazykitten]

As a New Yorker myself (who is stalking the market and considering buying a home) when she included so many disclaimers before revealing the price I really thought the budget was going to be 1M to 1.2M I was really surprised 800, 00. That number is very reasonable in NYC for the type of area I would imagine her to live in. It sucks she has to tiptoe and explain her success, but I can understand that people who don't live in NYC don't understand the market here. Thank you for sharing all of this with us!! I found this very helpful as someone who wants to buy in NYC even though my budget is a lot more modest.

[portalomus]

You don't have to apologize for being successful. Be proud of how far you've come! Congratulations on your new home! :D

[TheYoutubeMethod]

I literally thought Chelsea’s budget was about to be like $2 million lol. $800, 000 it’s totally normal in this day and age. Especially in New York.

[MsJbetancur]

Chelsea should *not* be the target of "eat the rich". We're talking about billionaires extorting the labor of others, killing the environment, and not paying their fair share of taxes in exchange for their wealth, not millionaires who have worked so hard for what they have, and have contributed their fair share in taxes.

I'm so happy for you Chelsea! You deserve it and you don't need to explain yourself.

[carmelasantana]

I would like to see people in general, and women in particular, speak about their salaries and what their home/car/horse/whatever cost without shame or apology. This is why we earn: so we can save in order to spend on what we deem important. Congratulations, BTW :)

[sageholla]

No guillotines here!! 90k is not even that high for NYC and I respect you so much for living in your means and paying your employee fairly for the value they add to your organization. I’m inspired that you purchased this home on that salary and so proud of you after the years long journey I’ve watched you go on :-)

[xXRockStevenXx]

Chelsea: apologizes for being wealthy
Also Chelsea: has a salary < $100, 000/yr

I love this woman for how honest and forthright she is in both her position and beliefs.

[Potato-ugqj]

Chelsea, you don’t have to feel guilty about your purchase. I sympathize with the cost of an apartment myself - I currently own a 600k condo in Vancouver, but looking to upgrade to a 2 bed which is 900-950k. I’m single and while I don’t rub it in anyone’s face, proud of how far I have come. All your success is a direct result of your hard work. And if someone has a problem with it then too bad!

[sdsugermany]

800k isn't that much for an apartment in NYC. As you were setting the price up, I was expecting something in the millions.

[CaseloadMoses]

I love how you’re apologizing for being successful. I can’t WAIT to apologize for being successful myself. I won’t feel as sorry, but I’ll still apologize.

[chrisfrmatl]

Yeah. Chelsea proves that these CEOs can treat their employees right(pay them well) and still live comfortably. She makes a good living but not the crazy numbers like 10k an hour.

[tanyavs]

I just don't see you as wealthy. I see you as comfortable in the market you live in. But that's what's wrong with the US. People who are comfortable, but not wealthy, are the ones apologizing. You're not the problem. I bet you even pay taxes! Congratulations on your beautiful NY home. I hope it serves you and your spouse well for many years to come!

[ourhaleyhome]

I love how transparent Chelsea is.

No apologies or need to cushion the blow before revealing to viewers how much you can afford! You worked for this! This is a financial account after all.

Really great and informative content as always.

[sajokir]

I'm blown away and so pleased that she was upfront about the numbers. I love it when people just talk straight about their income, the cost of things, etc.

[namchansawang]

From overspending on a Hello Kitty credit card with poor credit to business/homeowner in Manhattan and staying humble along the way ❤ we appreciate you!

[shamainedaniels]

1. I highly recommend having your own buyer's agent 2. When I bought my house my ex and I had very good incomes for our region. Everyone wanted to give us loans that were really high and realtors only wanted to show us their more expensive homes. I told my ex no and we came up with a budget assuming that we were both receiving disability payments. Since then, we divorced, I have been underemployed, etc. etc. but I still have my home, it is still gorgeous and I am so relieved that I made that call because I would have stayed in really horrible work situations just to keep my home had I purchased a more expensive home. The cost of my home gave me the ability to open my own business, tell every a-hole boss to F themselves, etc. etc. You must be so relieved owning your house. Thank you for sharing your story and informing as you go along.

[mmmgan]

I love that she cares enough about her audience to provide disclaimers. But I hate that if people weren’t so judgmental or think they have the right to criticize another person’s situation, she wouldn’t have to. ANYWAY, this is amazing news!! Congratulations. It sounds like you made a well-informed choice. Wishing you and your husband many years of happiness in your new home!

[alexcronin]

How convenient, announcing your wealth right when the dislike button is disabled 🧐

Kidding of course! Congrats on your new home and for explaining to us the details of your experience. I’ve already bought my first home, but your planning and insight will be useful for when I plan to sell and purchase my next home. Congrats again!