Comments by "LJH" (@LJH662) on "People Are GIVING UP and TIRED OF WAITING TO BUY A HOUSE! (w/@realestatemindset )" video.

  1. Travis is not a failure, he is a success bc he’s learned from his mistakes and is careful not to repeat the behavior. It’s only a failure if you don’t learn. His advice is awesome!
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  2. And you can’t just walk from A lease. It’s a contract. Maybe private home, but not the buildings.
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  3. In NY you never save renting. Maybe with a studio
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  4. Correct. These people have taken from Peter to pay Paul and they will end up in foreclosure unless they can hold out until 2025 and make more money.
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  5. Great duo!
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  6. Hmmm the refi on higher rates. The people who took every last penny to pay the appraisal gap and put the extra 75k in the seller’s pocket that never fixed the house. The seller went laughing all the way to their new house and now these fools are doing cash out refi for higher rates! They have no money left to fix that kitchen, live or pay high credit cards! This is all a function of the bubble prices and why buyers MUST HOLD AND SAY NO TO OVER VALUED HOMES.
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  7. Can do the same with a no penalty CD. And you don’t incur any finance or interest charges on credit card purchases as long as you pay the bill when it’s due and do not carry any balance to next billing statement. Put your essentials on cash back cards to fight inflation.
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  8. The new construction buy downs don’t move people bc they don’t want the higher rate at year 2 or 3. Also, if they understand the loan, they know the buy down gets tacked back into the remaining years’ payments. It’s all a FAKE SCAM. The builder is loaning it, it’s not free money. It’s not a real ARM. Under this understanding Corcoran could be correct, but I don’t think so for other reasons like people are smarter and don’t want to overpay, inflation and layoffs. She’s talking to the minority who can remain unaffected bc of stored wealth. Ignore Corcoran. Is she getting layed off? No!
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