Comments by "Roger Dodger" (@rogerdodger8415) on "🔵 Housing Market: Exactly When To Buy!" video.

I just don't agree with the scenarios presented in this video. Neil makes questionable assumptions that are well placed in order to prove his point. Two percent rise in interest rates over ONE year?? I don't think so! I also don't agree with his de facto argument against 15 year mortgages. Rates are different for each payment period, and the faster you repay your loan, the less the overall costs. His analysis also discounts two things. 1) the equity build up for the mortgage holder as opposed to the ZERO gain by the renter. 2) The TRUE gain in the investment which while reducing your loan amount ALSO gives you a roof over your head! Are we forgetting about THAT value added? At 4% the TRUE cost, accounting for inflation is actually TWO percent. You may think you're paying four percent interest when in real dollars it two. Meanwhile, the price RISE in apartment or housing RENTAL can easily be two percent that goes to the property owner. Summary.. IT'S NEVER a good time to pay rent if you need two or three bedrooms. Millions are flooding across the border. Rents are going to skyrocket. That's my forecast.
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@Neil McCoy-Ward With "15 years of experience" in real estate making him an expert... Uhh I don't think so. Typically, the rents that landlords charge fall between 0.8% and 1.1% of the home's value. For example, for a home valued at $250,000, a landlord could charge between $2,000 and $2,750 each month. If your home is worth $100,000 or less, it's best to charge rent that's close to 1% of your home's value. So, if a landlord makes 12,000 or 10,000 after taxes and maintenance, he's getting a ten percent return on his investment. Since two plus two never equals five, that must mean HIS GAIN is the renters loss. That's basic math.. but the TRUTH is that it's not correct since the VALUE of having a roof over your head is ignored in the numbers. Ownership ALWAYS better than renting unless rental costs are FAR BELOW owning costs, or a lifestyle component changes that. You are NOT underwater EVER until the house is sold. If you are there for less than ten years. DONT BUY. Those that were "underwater" in the last housing crisis and bailed out, are now watching those same homes SKYROCKET in value.
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