Comments by "0IIIIII" (@0IIIIII) on "Two Cents" channel.

Unfortunately that requires organization, critical thinking, and rejecting right wing policy that people grew up with for decades.
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You are members of the HOA, you enforce and vote on the rules too. Don’t like the rules, you can vote to change them. As well, HOAs are typically required by US state laws to be non-profit. So they’re not getting rich off its members.
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Lol it is not and never will be worth $50k
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This video is from 2018. It should be retitled to “you should’ve bought a house, suckers 😂😂”
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Yeah…no. If you bought a home in 2018 when this video came out, rents will have gone up by hundreds or even thousands of dollars in some US markets, and the value of your home would’ve appreciated nicely too, sometimes by magnitudes.
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I hope nobody took your advice. If you bought a home when this video came out 2018 you’d have a low interest rate and your home would be worth much more now in 2023. Situation is much tougher now than it was in 2018.
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You are totally right. I hope nobody took their advice not to buy. Had they bought 4 years ago their properties would’ve appreciated very well.
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Yep. Lessons learned, renting is, always was, and always will be, for suckers. Hopefully nobody took their advice. Renting is for poor people.
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@alankoslowski9473 you sold your house? How long did you live in it? When did you buy it? Answer these questions and you’ll see that I am correct. As for renting, you’re just throwing money away instead of purchasing an asset. For the money you spend renting you could just as easily buy a place instead. Even if it’s cheaper than the home you sold.
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The video implies that life happens spontaneously and you should anticipate that. So while generally nobody knows or plans to move in 3 years, some factors like being young, starting a new career, make it plausible and expected, so you should plan for that.
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@eegernades you can get avocado toast in Dunkin’ for about 3 bucks.
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Horrible advice. If you bought when this video was released you’d have a cheaper home and a lower rate than just a couple years later. Lesson? Renting is NEVER good
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@alankoslowski9473 lol here we are 8 months later my friend. And no, you are sadly wrong big time. Interest rates have still shockingly gone up, and prices have amazingly, gone up too! We are seeing something we’ve never seen before. Massive appreciation and real estate boom. If you’re not in, you’re even worse than sitting out. You’re renting, and being dragged around on the landlord’s ride.
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Keep in mind this video came out in 2018, before COVID-19 and before the subsequent housing bubble that saw real estate prices climb to unprecedented levels. While hindsight is 20/20, anyone who bought before the price hikes, and especially before the interest rate hikes of 2022 or so, made out like a bandit, with low interest rates, and cheap mortgages, we now have have high interest rates and expensive mortgages. Rent has also shot up. And we’re never going to go back.
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@alankoslowski9473 renting is not cost efficient because it’s not cost-anything. It’s 0% efficient. Buying is better, if you can afford to rent you can afford to buy. Renting is like paying McDonalds 5 dollars to smell their French fries and give them back, instead of paying 8 dollars to eat it yourself. What’s your rent and are there any properties (besides bad investments like mobile homes), that you can buy for the same or similar monthly price instead? Also, is your rent market value, or is it discounted? If it’s discounted but buying isn’t, then it’s not a fair example of renting vs buying.
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@alankoslowski9473 lol also no man, stocks will never beat owning a home, especially outright. Unless you get lucky and buy some wonder stocks for one year or so, I will so much rather have a house owned outright for $500k, that I can either live and enjoy, or rent out, than $500k in a diversified stock portfolio. Real estate is, at the end of the day, the only thing worth buying. Everything else you can buy, or invest in, is just a vehicle to buying real estate. There’s nothing else in life to buy long term, except your retirement.
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@alankoslowski9473 my question, is what are you making money for? Like what’s the point? If not for real estate what are you saving up for? Nothing else is the big ticket expense except your retirement. If you have hundreds of thousands of dollars in stocks right now, why are you not buying place to live to forever eliminate your rental payments? And if you don’t have enough money to own a home outright, why are you renting, which is a fleeced drain on your wealth, it’s basically like paying a second income tax.
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@alankoslowski9473 you can do all those things while owning a home, there’s no reason not to. Take the money you spend on rent, and buy a modest condo or townhouse instead, you will own an asset instead of wasting income on rent. Rent is like a second income tax, a mandatory part of your paycheck that vanishes each month. Calling houses unproductive is also laughably untrue. My condo, which I bought in 2022, has appreciated $40k, just from me living in it. That is quite productive. Its rental value is also climbing too. This is in Massachusetts. I’m 28, and I’m buying new property in Boston. I still do all those nice things too. Even if I couldn’t invest in a second property it still makes no sense to pay for rent when I can pay to own instead. There will always be a mortgage that you can afford if you can afford rent, though granted it might not be as nice. But I’d rather buy a modest condo than rent a house, for example.
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@donaldlyons17 you could’ve gotten a mortage with low rates when this video came out. Property was cheaper too. Renting was a loser’s game
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@misspriss2482 what is your job? I make $40/hr and I am 25, I live near Boston. Depends what you work in.
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@TwoCentsPBS yeah I’m sorry but, this was horrible advice. If you bought back in 2020 when this “don’t buy” video was made, you’d have a once in a generation low interest rate and your properties would literally double or more in just a few years. Now we have high interest rates, a shockingly high home prices.
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American cars are NOT reliable they are trash except maybe electric cars like Teslas. No reason to buy anything other than a Honda or Toyota unless it’s electric.
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Oh if only you knew what 5 years in the future would hold. Answer, worse than you ever expected
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@chunkymilk it’s collectible some people like that.
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I see it as buying your sanity. If you don’t eat out every day the costs are marginal.
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Because you buy a house with debt.
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@ hopefully you’re surrounded by good people
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