Take your personal data back with Incogni! Use code GRAHAM at the link below and get 60% off an annual plan: https://incogni.com/graham | Let’s discuss why so many home buyers now regret their home purchase and the five most common home buying mistakes that almost everybody makes – Enjoy! Add me on Instagram: GPStephan
Check out http://acorns.com/graham to sign up and receive a $20 bonus when you start saving & investing with Acorns!
*Paid ad. Compensation provides an incentive to positively promote Acorns. The information and opinions presented are for informational purposes only and represent the views of the promoter as of the date created and are subject to change. Investment advisory services offered by Acorns Advisers, LLC, an SEC-registered investment adviser. View important disclosures at Acorns.com.
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter
Most Common Home Buying Regrets For Millennials…
Chapters:
00:00 – Home buying Regrets
01:13 – Higher Prices
03:04 – Regret #1: Too Much Maintenance
05:41 – Regret #2: Bought Too Fast
07:54 – Taking back your personal data with Incogni!
09:35 – Regret #3: Spent Too Much Money
11:16 – Regret #4: Buying a Fixer Upper
13:37 – Regret #5: Pressured To Make An Offer
14:34 – Regret #6: Didn’t Buy Sooner
16:09 – Common Regrets
17:02 – My Thoughts and Suggestions on How To Avoid Regrets
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube
, rank videos on the front page of searches, grow your following, and turn that into another income source:
https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=200OFF – $200 OFF WITH CODE 200OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan/list/2TNWZ7RP1P1EB
For business inquiries, you can reach me at grahamstephanbusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.
-Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further – enjoy! https://docs.google.com/spreadsheets/d/1FlvOKGOlwAsRQl6L60AH8Izv_CmPFY4P2mFpuvzueBE/edit?usp=sharing
-Take your personal data back with Incogni! Use code GRAHAM at the link below and get 60% off an annual plan: https://incogni.com/graham
GME 💎🙌📈🤑
I enjoyed the comedic relief of the intro being backwards. funny stuff before hard truth make its better.
PROOF
I love that you posted these references! Thanks! 😀
Graham. I’ve been watching your material for years now. If people took your advice from the beginning, many of the issues you brought up would minimally impact people with good ethics to saving, investing and planning long term.
You’ve done a great job to echo this to the masses for awhile now and I and many others thank you.
If he does the intro that way i instantly like the video.
Testing if graham replies.
If you do want to still get a house, buy a plot of land, get a modular or 3D printed home. No need for repairs if it’s new, just light maintenance over time. To bad building new homes has taken a hit from government, zoning laws, and limits placed everywhere.
Next year Builders will have to admit they can’t gouge people anymore, prices of New build homes will come down.
Trouble is, many people consider houses to be investments nowadays. Houses are just meant to be a shelter/place to live for protection from the elements. This whole mentality is messed up.
My elderly mom told me “would you rather buy and have the option to sit at a locked in price, refi and or sell and gain profit..or be stuck renting, then if it gets worse you’re being told to find a new rental because the owners want it back? Or they want to sell..or the market gets even worse and now rent is spiked. Tbh id rather be on the sellers side, I feel I got way better options. Im willing to sit and be content and blessed I have a home. I dont wanna rent and then stuff goes up and up and if it doesn’t and crashes im still gonna be fine. I can refi and lock in at the lower interest rate people waited for😊
LMAO 15-25 years on a roof?😭😭😭 y’all aren’t from Texas where we get hail, tornados, severe thunderstorms 20 times a year, hurricanes ETC.
Garbage disposal last 1-3 years on average, they can get clogged with heavy use.
Also don’t only get a home inspector. Highly recommend to hire a licensed, roofer, electrician, plumber and hvac to come out and inspect the property. You will end up paying more but will get more detailed information as most
home inspectors get their licenses very quickly online, depending on the states criteria.
How to buy a home if you’re under 30: marry someone rich.
Owning a home gives you a bit more privacy and sovereignty than renting. Renting puts you at the mercy of a Landlord. After dealing with awful Landlords who just show up unannounced whenever they feel like it, I want to buy a home despite the higher costs.
house is a home, not an investment.
Lol, ill buy a house when I damn well please. You’re adding to investing fears for no reason. There is NEVER a perfect time to buy a house and sooner is much better than later; rather than take someone’s word that its just the wrong time. All you are doing is scaring people into not investing with straight conjecture.
Dave Ramsey would be disappointed in your video title
Wait until 2059 when interest rates are down bro
It’s amazing what importing millions from the 3rd world does to living quarters inventory. It’s amazing what private equity firms buying all the real estate does to rent prices.
Great insight, Graham! Maintenance costs are certainly higher given inflation continues to run rampant. Since you also included Property tax in that statistic that also strongly drives those costs up given appreciation has a direct impact on property tax costs. It’s not realistic to purchase a home on the brink of your budget. Folks should rent until they can put a substantial amount down on a home that has a monthly expense amounting to more than 30% of their household income.
record high mortgage rates?
Dose that home number count even if it by owner I feel like the number is not that accurate
wait for biden to be out of office to buy a home
I like your content. But please stop the clickbaity thumbnails. I can’t look at another red line going down or fire burning cash anymore without cringing. It’s overdone..
And this is the problem. He passively tells most people to not by but rent. Then follow up with he buys homes and puts them on trust to hide his name. So he can rent then out to all the people. And folks that is how people get rich. Tell you one thing and do the opposite for profit and ignorance. Because i bet he has a home he owes and owns homes he rents to people who he tell its a bad thing to do in not so many words
I felt this and turn around the decision asap.
Don’t worry, Graham Stephan’s Hedgefund will buy up all your homes !
Buy a house that you love and just wait to refinance.
Terrible advice because you can’t predict what interest rates will be 5-10 years later.
graham, i’d love some advice for those considering going into real estate in this economy! i’m currently in the apartment industry and my company is very wealthy BUT i have always wanted to get into real estate, but is it even worth it if buying homes is more expensive nowadays lol
We should of been buckling down on our real estate investments, instead of riding our bikes and going to elementary school. Such wasted time. I can only blame myself.
It’s getting tougher to qualify for renting a home these days. Even though rent prices have cooled a bit, they’re still higher than pre-pandemic levels, making it really hard for a lot of people. Many renters now spend more than 40% of their income on rent and utilities, and affordable housing is in short supply. Because of this, people are getting roommates or moving back in with family to manage the costs. While there’s a lot of new apartments being built, they’re mostly high-end, which doesn’t help those who need cheaper options. So, yeah, renting is a real challenge right now.
no one knows for sure if they will live in a home for 8-10 years.
We need Trump now more than ever
Thanks!
Another non sense video from graham where he just reads articles anyone can read on their own.
Don’t but now just be honeless
I trusted these damn YouTubers in 2020 when they were all chirping about how the market would crash in 2021. And we all know what happened then. I missed out on opportunity of a lifetime. The truth is no one knows what is going to happen. So make decisions on your own, not on some random YouTubers video people. Hope you have a nice day!
I do know that it is still a terrible time to buy a house. These sellers are insane.
Come on dog, this nuts
How do you know? are you a soothsayer?
Do what works for you and your finances. Anytime is a good time as long as you can comfortably afford it!
One lesson I learned when I bought my 2nd house. Don’t settle for something average. Before putting in an offer ask yourself if I had to settle quickly what is so special about this house that would help me unload it fast if I needed too? For instance, location to a park, a school, a great view, water feature, etc.
Too much advertisement in the middle of this talk. Not good.
Annual “why you shouldn’t buy a house…” house prices will continue to go up as corporations and investors buy them. Depending on your city if you can and have the means I recommend buying. Soon enough the US will be a nation of renters unfortunately.
Also…many buyers skipped home inspections just to get the house … now those things are breaking
Testing
tt
tttt
What happens when the inevitable trade war with china happens
Someone in my county listed their home for sale for $895,000. They bought it in 2015 for $180,000. There was absolutely NOTHING that justified a 1000% increase in the home value in fewer than a decade. NOTHING. Houses in their area DO NOT go for that much either.
Did they even maintain it????
I don’t even feel bad for the ones that go into a bidding war over a property and pay way over asking price. They put themselves in that position and it seems to happen a lot these days. Bought my house in 2017 and now it’s worth 175 k more.
Labor costs 💹 means the housing market is going to continue 💹
i bought an rv trailer today because i know i’ll never afford a house in a state like mine in CA in the next 10 years LOL 🤣 all these chinese investors buying cash only have fucked over the middle class like me
This guy posted 10 vedios regarding housing market crash since 2022, nothing happened. Seems he post these vedios for views, never liked his vedios
Full💩☝🤣🤭
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Laila artine kassardjian’ is the licensed coach I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Ain’t no lie, buy buy buy
I just brought a house at 20% below asking price. I’ve waited 10 years to save lol and not buying in US
Idk but inventory is pretty high in my market. New construction are priced really low with great incentives. This is causing the values of homes, especially resales, to dwindle.
Starting to sound like Alex Jones. Crash coming any day now!! – for 10 years
Your primary residence isn’t really an investment, it’s just a means of shelter. One thing you forgot to mention as a benefit to home ownership is that when you retire you won’t have any rent due assuming it’s paid off by that time. I work with the dude in his ’60s who can’t afford to retire because he needs to pay his rent.
With an average house in my area being 450k and interest rates still 6-7% it’s stupid to move right now. There’s no light at the end of that tunnel because it will not double in value and keep up with future inflation 15-30 years from now.
Something needs to change.
It’s like a kid guessing when the street light turns green. Just say the same thing every year and at some point you’ll be right. The question is when
Cool video! Keep the good work! +1 Lile, +1 Sub 😉
Excellent
I keep hearing about a new stock market meme trend, what are your thoughts on meme stocks lol
U can buy a house in Texas for like 160k it’s all about the location just get your hands on something, doesn’t matter if it’s in your state or if you’re living in it.
Graham thanks for your videos I have watched them religiously and have been trying to monopolize, I recently became licensed in insurance adjusting and producing working on becoming an finance advisor would love to pick your brain someday about reality and the realtors side of things
one of your Biggest Fans Zach
hey graham, i have an odd request.
i would like to see a video on how to make connections and relationships. this seems to be the thing i am lacking and am sure my fellow gen z entrepreneurs are as well.
also just wanted to say thank you.
i can’t tell you how much your videos have helped my financially.
High rent better ?
Love the GT40 (Fiberglass replica?)
the regrets people have aren’t about buying a house it’s about spending money in general. Don’t let anyone tell you that buying a house is a bad idea. it’s more about spending money that you cant afford and living over your means. As long as you get a house you can afford you’ll never regret buying a house
Clickbait and same (bad) advice year after year. Rent forever says this guy. Someone has to rent his two duplexes 😂
Anybody else drooling over the ford GT?😅
Landlord propaganda at its finest
Stephan you have been making this video, every single years, since 2019. I bought an apartment last year already went up by 100k…
they increased the standard tax deduction, basically, nullifying your tax deduction on interest. It really undermined even having a mortgage. Not to mention, they are trying to charge people with good credit more! Crazy.
I’ve done electrical upgrades, in many many homes I’ve owned, and I do it myself since I often worked for an electrician. Usually, less then $500. This last time, It was closer to $10,000. Inflation hammered small dollar electrical parts.
I think after 2021 I will never have another oportunuty to buy a house…
The best time to buy a home to LIVE in, is when you find the right home for you so long’s you can afford it, no matter what. I wonder at rich guys (even if once poor) telling people to not buy real estate, the single most important thing when looking at generational wealth
Everyone is lazzzzzyyyyyy
Bait bait. He sold himself.
Another video, another depressing clickbait title. Smh
has anyone else continued to notice graham in the backround of like every episode of selling sunset? whats he doin?
yearly video, even during pandemic lmaooo
Not related to this video…but is Graham going to give an update on what’s going on over at Yotta?
Can you do a video about what is happening with Yotta Bank?
First FTX NOW YOTTA!!!!! your recommend online DEBIT CARD has FROZEN OUR FUNDS!!!! they closed shop… THANKS FOR NOTHING,,,, AGAIN!!!!!!!!!!!!
Yo! What’s up with Yotta? Where’s my money at?
yall who voted for biden you made the bed now sleep it it 😂
I just closed on a home. 😢
No matter what neighborhood that you buy a house in, there will always be the ONE neighbor whop is the pain in the butt. The neighbor who doesn’t keep their house looking neat- weeds, peeling paint an over abundance of junk piled up in the driveway, etc. Visit the a neighborhood that you like many times before you buy. YES!!! Stake it out and monitor the behavior of the neighborhood at different times on different days- you might be surprised by what you see,
Talk about yotta bank
I honestly have no idea of this is a good or bad time to buy a house. But it kind of weakens argument to show that home buying sentiment is lowest since 2012. When 2012 was probably the best time to buy a home. One could make an argument that buying now and then interest rates drop spurring “shadow” demand, could create lots of equity.
All of the stats you quoted are why home prices aren’t going down anytime soon and are instead going to continue to rise. There’s way too much demand in today’s market and not enough supply to meet that demand. Sure, it’s reached the point where buying a house doesn’t make financial sense for a lot of people (specifically first time home buyers), but mortgage applications fell to their lowest since 2008 at the end of last year, yet housing prices haven’t budged. That’s when I realized the expensive housing market is here to stay because of the inventory issue.
The inventory issue won’t be resolved in just a year or two. It’s a systemic problem that will likely take over a decade or two to address, starting back in 2008 when many builders went out of business. The Federal Reserve dropping rates to 0% has only brought this systemic issue to the forefront.
I’m glad I bought my house this year; prices are likely to rise even more if the Fed decreases rates further.
property shortage. buy now!
HE STARTED BY SAYING WHATS UP GRAHAM , IT’S GUYS HERE!😂😂😂😂😂😂😂😂😂😂😂
Like this comment if Yotta won’t give you your money.
Graham uploading this video the same day that I buy a house is… Something.
Me with my therapist: The year was 2016 and they kept telling me to wait until the house prices go down, but they kept going up 😢
Hi Graham! I signed up with Yotta after watching your video a couple years ages. Now I am not able to get my money out if the bank. Did you have any updates on the bank?
Can the landlord technically rise the price to 1billion U.S. dollars or something?
Give me back the FTX money boy. I can buy a house using that
Real estate is not about timing the market…it’s about Time IN the market
This guy just regurgitates the same stuff eqch year 🤣 this video is like his hairplugs .