How to Know If You Are Ready to Buy a House #shorts

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[timeadvancement]

First time I have seen Dave's legs.

[jd]

15 year fixed mortgage no more than 25% of take home pay?? Sure that would be ideal but very unrealistic for most individuals in CA.

[DustyRoadz]

And people wonder why there’s a “homeless” problem in America

[Corkfish]

I remember people saying the same thing in 2006 and in 1986

[roburb]

Follow Dave so you never own a home 🤣🤣

[christopher]

Dave does not live in reality. These methods keep people renting, as I’m sure he loves.

The average household income in 2021 was $71K. Per month income, after taxes is around $4.5K. Which means they cannot spend more than $1.1K/mo on their mortgage. Over 15 years at 6%, the only house they can afford is $163K, with a 20% down payment of $33K.

DAVE PLEASE FIND ME A FAMILY HOME FOR $163K WHICH YOU WOULD RAISE YOUR FAMILY IN.

[teach]

He’s not right … and you do not need to buy a house. Banks own houses not people. Add the property tax man.

[jimmymorris]

Well the first parts wrong. Housing prices are no longer on the rise. They are holding and getting ready to fall because of the mortgage rate hikes.

[trlblzr]

Ok I will start looking for a 60000 thousand dollar home, hope I don't get shot.

[brianx]

I've never even met a person who got their FIRST home with a 15 yr loan.

[fredstratton]

That seems to me like a recipe on how to never be able to buy a house

[smileychess]

A 15 year mortgage that’s less than a quarter of the average person’s income. That almost doesn’t exist without severe mold problems and a missing wall.

[r.t.hannah]

Hahaha I love Dave. I follow his advice and I’m better for it. But it’s really not about the granite countertops these days. It’s about avoiding a crime infested wasteland, drug addled neighbors, glass on sidewalks, and mold and mildew everywhere.

[danielmendoza]

Moral of the story: You can’t afford a House 🤣🤦🏻‍♂️

[mariel]

I wish I bought a house when I had 10% in my bank and the houses were 1/2 million in my area. Now I have 20% of that house but houses are way over a million here. 🤔

[razojacqueline]

Dave has recently started saying it’s ok to put 5-10% down. I think he is realizing his advice is outdated and he is going to slowly adjust it.

[brendenleary]

Dave - home prices unequivocally are decreasing.

[mattm]

Now is NOT the time to buy a house!! House prices are artificially high and they're going to come down. They've already started to, and there are already people who bought at the peak who are already upside down. At heart, Dave is a real estate agent, which is a salesman, and salesmen always say BUY NOW! NOW! NOW! Don't fall for it. WAIT!!!

[ellimorley]

I had 20% but then house prices went up and it's not 20% anymore 😂

[deficator]

Hey dave house prices are actually going down... now what