Comments by "" (@mrpmj00) on "My Thoughts On The 2021 Real Estate Crash" video.

  1. I've bought Facebook, Microsoft, , Google, Apple, , Adobe, Wells Fargo. Stocks are better investments than realestate. 1. REALESTATE: Let's say you bought an average home $250k with 20% down which is $50k+ $7k closing costs (usuallly 2%-5% of loan so let's use 3.5%) . house + 3% appreciation = $257,500. Less 6% sales commission , 3.5% closing costs, offering a home warranty =$231,750. Now subtract the $199k loan ($200k - $1k towards the principal) and your profit is $32,750. So, you actually lost money because you brought $57k to the table but now you only got $32,750 net sale, so you lost -$24,250. And I didn't even include these profit killers: property taxes, insurance, fixup costs (termite spray, new paint, new carpet, fix roof, fix heatpump/air conditioner, pool equipment, pool remodel). 2. STOCKS: $57k invested and the previous 12 months returned 9% which is a profit of $5,130.
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