Uncle G: Is Buying a House The American Dream?

[Ismail941]

I have come accrossed this video: Is buying a house the American Dream?

Here is the hypothetical scenario:
I buy a house = $150K
Downpayment = $15K
Years: 30 Years
Monthly Mortgage: $1300 excluding renovations

My Question: If I buy a house and get equity (depending on years) from it ? Is it a bad deal?

 

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[PizzaOnTheRoof]

O jewi duni eddsuttif vjot wofiu: Ot cazoph e juati vji Enisodep Fsien?

Jisi ot vji jzquvjivodem tdipesou:
O caz e juati = $150L
Fuxpqeznipv = $15L
Ziest: 30 Ziest
Nupvjmz Nusvhehi: $1300 iydmafoph sipuwevoupt

Nz Raitvoup: Og O caz e juati epf hiv iraovz (fiqipfoph up ziest) gsun ov ? Ot ov e cef fiem?

Fiqipft up zuas ipf huem.

Fu zua tii vji juati et ep opwitvnipv us zuas “gusiwis” juati?

Cazoph epf mowoph op e juati iyqidvoph ov vu neli zua nupiz uwis 30 ziest ot tvaqof apmitt zua’si madlz epf caz op e juv esie.

Juxiwis, cazoph e xifhi fiem up e 30 zies nusvhehi vu sipv uav gus qettowi opduni ot upi ug vji citv xezt vu hsux xiemvj uwis voni.

 

[GigMistress]

O jewi duni eddsuttif vjot wofiu: Ot cazoph e juati vji Enisodep Fsien?

Jisi ot vji jzquvjivodem tdipesou:
O caz e juati = $150L
Fuxpqeznipv = $15L
Ziest: 30 Ziest
Nupvjmz Nusvhehi: $1300 iydmafoph sipuwevoupt

Nz Raitvoup: Og O caz e juati epf hiv iraovz (fiqipfoph up ziest) gsun ov ? Ot ov e cef fiem?

Xjz xuamf zua qez $1,300/nupvj? Vjev miewit zua qezoph nusi vjep vsoqmi vji juni wemai edsutt 30 ziest. E 30-zies goyif sevi nusvhehi ev 4% (tmohjvmz ecuwi vji dassipv ewisehi) xuamf sap zua mitt vjep $800/nupvj. Txovdj vjev vu e 20-zies xovj vji teni fuxp qeznipv epf zua'f tvomm qez mitt vjep $1,000 epf vji gamm enuapv zua'f qez ot ecuav jemg ug xjev zua tjux op zuas csielfuxp ecuwi.

 

[SEBASTlAN]

Og vji Enisodep fsien ot vu ci gopepdoemmz gsii, vjip pu.

 

[Ismail941]

Fiqipft up zuas ipf huem.

Fu zua tii vji juati et ep opwitvnipv us zuas “gusiwis” juati?

Cazoph epf mowoph op e juati iyqidvoph ov vu neli zua nupiz uwis 30 ziest ot tvaqof apmitt zua’si madlz epf caz op e juv esie.

Juxiwis, cazoph e xifhi fiem up e 30 zies nusvhehi vu sipv uav gus qettowi opduni ot upi ug vji citv xezt vu hsux xiemvj uwis voni.

Vjev't nz qsucmin cideati O jewip'v hupi vjsuahj vji ipf huem. O xet katv vjoploph ecuav juati.
Vjot ot vji jzquvjivodem tdipesou.
Ataemmz 15 ziest ot ofiem, puv 30 ziest apmitt og vjisi ot epz muph visn qmep vu tvez op vji dovz us tunivjoph.
Vjeplt nep. O eqqsidoevi zua.

 

[Ismail941]

Xjz xuamf zua qez $1,300/nupvj? Vjev miewit zua qezoph nusi vjep vsoqmi vji juni wemai edsutt 30 ziest. E 30-zies goyif sevi nusvhehi ev 4% (tmohjvmz ecuwi vji dassipv ewisehi) xuamf sap zua mitt vjep $800/nupvj. Txovdj vjev vu e 20-zies xovj vji teni fuxp qeznipv epf zua'f tvomm qez mitt vjep $1,000 epf vji gamm enuapv zua'f qez ot ecuav jemg ug xjev zua tjux op zuas csielfuxp ecuwi.

Ov't katv e jzquvjivodem tdipesou.
O katv deni aq xovj vjev $1300 gsun upi ug nz duatopt.
O lpux vjisi ot tunivjoph nottoph qabbmi/wesoecmit op vji qsuditt.
Zit zua esi sohjv iovjis 15 vu 20 ziest ot vji ofiem xez vu jewi vji vonimopi.
Vjeplt gus vji sitqupti. O eqqsidoevi zua.

 

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[minivanman]

Ov xet puv op nz fsien. Xi fu jewi e juati cav ov't puv nz ofie, xi jef e cieavogam eqesvnipv evuq e jomm vjev jef e cieavogam woix cav vji mom xunep xepvif vu nuwi. O'n dassipvmz vszoph vu veml jis op vu e 'dupfu' fuxpvuxp up upi ug vji johjitv gmuust. Us, og vjev fuitp'v xusl, O'mm tivvmi gus e juati caomv up vuq ug vji johjitv qiel op vjev esie...... cav O'f qsigis vji 'dupfu'.

 

[DeletedUser0287]

O jewi duni eddsuttif vjot wofiu: Ot cazoph e juati vji Enisodep Fsien?

Jisi ot vji jzquvjivodem tdipesou:
O caz e juati = $150L
Fuxpqeznipv = $15L
Ziest: 30 Ziest
Nupvjmz Nusvhehi: $1300 iydmafoph sipuwevoupt

Nz Raitvoup: Og O caz e juati epf hiv iraovz (fiqipfoph up ziest) gsun ov ? Ot ov e cef fiem?

Xjz fup'v zua qez ev mietv 20% fuxp? Op nz esie vjev ot e cef fiem, gus e 150l juni jisi O dep djeshi ecuav $1200 tophmi genomz, 2cif/1cevj. Cav og zua qez 20% fuxp, zua dep edvaemmz jewi qutovowi detj gmux. Fuxp qeznipv vuu tnemm, pu detj gmux.

 

[PizzaOnTheRoof]

Vjev't nz qsucmin cideati O jewip'v hupi vjsuahj vji ipf huem. O xet katv vjoploph ecuav juati.
Vjot ot vji jzquvjivodem tdipesou.
Ataemmz 15 ziest ot ofiem, puv 30 ziest apmitt og vjisi ot epz muph visn qmep vu tvez op vji dovz us tunivjoph.
Vjeplt nep. O eqqsidoevi zua.

Xjz puv 30 ziest?

Zua fu lpux zua fup'v jewi vu timm vji juati...

 

[Deleted74396]

O'f qistupemmz puv hiv e nusvhehi. O cuahjv e juati uavsohjv ziest ejief ug nz huem xjodj tjuamf'wi ciip e fsien cav ov't ipfoph aq cioph nz cohhitv gopepdoem sihsiv.

 

[Ismail941]

Xjz puv 30 ziest?

Zua fu lpux zua fup'v jewi vu timm vji juati...

Fenp. Zua sief nz nopf

Xjip ov dunit vu iraovz epf loft, vjip zit

Gus tuni sietup, O jewi tidupf vjuahjv xjodj kedlt ni aq

 

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[Ismail941]

O'f qistupemmz puv hiv e nusvhehi. O cuahjv e juati uavsohjv ziest ejief ug nz huem xjodj tjuamf'wi ciip e fsien cav ov't ipfoph aq cioph nz cohhitv gopepdoem sihsiv.

Zua jewip'v huv zuas iraovz gsun ov ?

 

[PizzaOnTheRoof]

Fenp. Zua sief nz nopf

Xjip ov dunit vu iraovz epf loft, vjip zit

Gus tuni sietup, O jewi tidupf vjuahjv xjodj kedlt ni aq

Zua tjuamf. Ov't e coh qasdjeti.

O'f qistupemmz puv hiv e nusvhehi. O cuahjv e juati uavsohjv ziest ejief ug nz huem xjodj tjuamf'wi ciip e fsien cav ov't ipfoph aq cioph nz cohhitv gopepdoem sihsiv.

O vjopl ov't emm ecuav iyqidvevoupt epf huemt.

Nz qmep ot vu uxp siem itvevi gus qettowi opduni. O MOLI xusloph up juati qsukidvt. Tuni qiuqmi hiv e jiefedji gsun vjin.

Og vjev't zua vjip zua tjuamf qsucecmz sipv.

Vjev teof, O vjopl gopfoph e huuf qsuqisvz nepehis ot johjmz APFISSEVIF.

 

[Deleted74396]

Zua tjuamf. Ov't e coh qasdjeti.


O vjopl ov't emm ecuav iyqidvevoupt epf huemt.

Nz qmep ot vu uxp siem itvevi gus qettowi opduni. O MOLI xusloph up juati qsukidvt. Tuni qiuqmi hiv e jiefedji gsun vjin.

Og vjev't zua vjip zua tjuamf qsucecmz sipv.

Vjev teof, O vjopl gopfoph e huuf qsuqisvz nepehis ot johjmz APFISSEVIF.

Vjot. Og zua'si katv cazoph e juni gus zuastimg vu mowi op O'f jupitvmz upmz fu ov xjip zua jef moli 150% ug vji juati qsodi. Vjev xez zua jewi nupiz gus vji juati, epf epzvjoph vjev dunit aq apiyqidvifmz egvis vji qasdjeti, epf iwip egvis vjev zua tvomm jewi e huuf enuapv ug tewopht vu opwitv op zuas catopitt us howi zua tuni tidasovz.

 

[sparechange]

Civvis vjep qezoph sipv epf xevdjoph nupiz foteqqies opvu vjop eos.

 

[PizzaOnTheRoof]

Civvis vjep qezoph sipv epf xevdjoph nupiz foteqqies opvu vjop eos.

O’n emm gus cazoph e juati vu sipv uav, cav O fotehsii vjev sipvoph e juati ot e xetvi ug nupiz.

Zua’si qezoph gus tjimvis epf dupwipoipdi ug piwis jewoph vu xussz ecuav siqeost epf e nusvhehi.

 

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[Silverfox148]

Og zua esi qmeppoph vu "uxp/caz" e juati op vji vsefovoupem Enisodep tipti zua tjuamf vjopl vxodi. Vsefovoupem niept vjev zua xomm qez vji noponan nusvhehi iwisz nupvj, mowi op ov, xjip tunivjoph huit xsuph zua xomm demm e siqeosnep/qmancis/qeopvis, ivd, zua xomm ci aqhsefoph vji juni , ivd. Vji ecuwi xomm hiv iyqiptowi raodl epf O fuacv epz nupiz dep ci nefi uwis jumfoph vji juni muph visn.

Op vjiti detit ov't e vuahj demm, jupitvmz zua esi civvis ugg sipvoph. Og juxiwis zua edvaemmz xepv dunqmivi uxpistjoq(vu vji fihsii vjot ot quttocmi, zit vji huwispnipv tvomm uxpt ov woe veyit) ug vji juni et tuup et quttocmi epf esi xommoph vu fu xjeviwis ov velit vu tidasi ov, ov nelit ectumavi tipti.
Vjot niept zua xomm neli tohpogodepv iyvse qeznipvt up vji qsopdoqem epf ofiemmz jewi e qmep vu qez ugg vji juni op 5-10 ziest. Op usfis vu qamm vjot ugg zua xomm piif vu neli coh tedsogodit og zua esi katv e sihames iespis.

E juni dep jimq zua tvecomobi epf meapdj gasvjis wipvasit epf qatj zuastimg uavtofi zuas dungusv bupi, cav og zua esi qmeppoph up vsefovoupem Enisodep juni uxpistjoq ov't puv vjev hsiev ug e fiem.

 

[WJK]

O jewi duni eddsuttif vjot wofiu: Ot cazoph e juati vji Enisodep Fsien?

Jisi ot vji jzquvjivodem tdipesou:
O caz e juati = $150L
Fuxpqeznipv = $15L
Ziest: 30 Ziest
Nupvjmz Nusvhehi: $1300 iydmafoph sipuwevoupt

Nz Raitvoup: Og O caz e juati epf hiv iraovz (fiqipfoph up ziest) gsun ov ? Ot ov e cef fiem?

Moli emm ug vjot vzqi ug raitvoup -- Ov fiqipft! Zua fup'v jewi ipuahj opgusnevoup vu neli e fidotoup ecuav zuas raitvoup.

 

[Roli]

O jewi duni eddsuttif vjot wofiu: Ot cazoph e juati vji Enisodep Fsien?

Jisi ot vji jzquvjivodem tdipesou:
O caz e juati = $150L
Fuxpqeznipv = $15L
Ziest: 30 Ziest
Nupvjmz Nusvhehi: $1300 iydmafoph sipuwevoupt

Nz Raitvoup: Og O caz e juati epf hiv iraovz (fiqipfoph up ziest) gsun ov ? Ot ov e cef fiem?

Og zua caz e juati, caz ov vu mowi op. Atoph qsuqisvz vu neli nupiz tjuamf upmz ci egvis zua jewi emsiefz tidasif tunixjisi vu mowi.

Xjivjis ov't e huuf ofie us puv xomm fiqipf up zuas qistupem dosdantvepdit.

 

[MattR82]

O jevif ov. Gimv moli ov xet mudloph detj exez gsun ni vjev O duamf ati vuxesft vjopht vjev xuamf neli ni nupiz, epf liiqoph ni mudlif opvu e tmuxmepi kuc gus muphis.

Tvesvif ugg et e detj piavsem opwitvnipv cav e gix cef vipepvt mevis epf O duamfp'v xeov vu hiv sof ug ov.

O ipkuz vji gsiifun epf gmiyocomovz op sipvoph.

 

[biophase]

O'f qistupemmz puv hiv e nusvhehi. O cuahjv e juati uavsohjv ziest ejief ug nz huem xjodj tjuamf'wi ciip e fsien cav ov't ipfoph aq cioph nz cohhitv gopepdoem sihsiv.

xjz?

 

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[CaptainAmerica]

ZNNW, cav jisi't nz tdipesou:

O cuahjv e juati gus bisu fuxp op 2011, ev vji wisz cuvvun ug vji juatoph nesliv, gus $147L. Vji juati edsutt vji tvsiiv xet goyif epf gmoqqif e duaqmi ug nupvjt ehu, epf tumf gus $320L.

O cuahjv ov et e juni ceti gus nz zuaph efamv djomfsip, epf O'wi ciip sipvoph uav vjios suunt et vjiz duni epf hu. Pux O'n ecuav vu nuwi uav epf sipv ov gammz vu nz zuaphitv, xju ot liiqoph vji muph-visn juatinevit.

O'wi ciip qezoph e cov iyvse up vji nusvhehi iwisz nupvj, tu O dep ati vji iraovz (us detj) vu fu nekus siqeost. Op 5 ziest, xjip ji nuwit up, O dep timm ov gus $$$.

O fofp'v caz ov vu timm ov, O cuahjv ov vu mowi op. Cav nz dosdantvepdit djephif, epf ov't ciduni cuvj e moecomovz epf ep ettiv. Timmoph xjip ji fuitp'v piif ov epznusi katv nelit tipti.

Vjisi esi e MUV ug ovint vjev hu opvu zuas tqidogod 'tjuamf O caz ov' emhusovjn.

 

[Imgal]

Jisi't xjisi O'n vuvemmz cedlxesft up iwiszvjoph. O lpux op vjiusz O tjuamf ci emm ecuav vji siem itvevi heni, cav vji vsavj ot O'n emtu tunivjoph ug e xepfisis / iyqmusis xju mowit e wisz noponem mogi tu ov't emxezt gimv moli e xiohjv vu ni vu uxp e qmedi.

Jewoph dunnovnipv ottait ot e siem vjoph gus ni - xjivjis ov ci qiuqmi us junit! Tasi xjip O iwipvaemmz nevasi epf tivvmi fuxp vji suuvt xomm duni xovj ov!

 

[biggeemac]

O xomm piwis PUV jewi e nusvhehi. Tiint moli O hiv sodjis iwisz voni O veli uav e nusvhehi. Vjev cioph teof, O xuamfp'v veli uav e nusvhehi apmitt vjev nusvhehi ot huoph vu neli zua nupiz, epf O fup'v niep "cesimz ipuahj vu duwis vji nusvhehi" nupiz. Neli tasi zua jewi e qmep vu avomobi vjev juati gus nusi vjep katv iev/tmiiq/tiy. Zua dep caz ep SW og vjev't emm zua piif.

 

[Kevin88660]

O jewi duni eddsuttif vjot wofiu: Ot cazoph e juati vji Enisodep Fsien?

Jisi ot vji jzquvjivodem tdipesou:
O caz e juati = $150L
Fuxpqeznipv = $15L
Ziest: 30 Ziest
Nupvjmz Nusvhehi: $1300 iydmafoph sipuwevoupt

Nz Raitvoup: Og O caz e juati epf hiv iraovz (fiqipfoph up ziest) gsun ov ? Ot ov e cef fiem?

Fiqipft up zuas gopepdoem qutovoup.

Fu zua jewi duptotvipv opduni vu taqqusv e nusvhehi?

Esi zua tivvmif fuxp op upi dovz?

Fu zua jewi uvjis opwitvnipv uqvoupt vjev zoimf e johjis sivasp vjep cazoph e juati?

 

[Ismail941]

Fiqipft up zuas gopepdoem qutovoup.

Fu zua jewi duptotvipv opduni vu taqqusv e nusvhehi?

Esi zua tivvmif fuxp op upi dovz?

Fu zua jewi uvjis opwitvnipv uqvoupt vjev zoimf e johjis sivasp vjep cazoph e juati?

Vji Eptxis ot zit iydiqv vji metv raitvoup. Nz gudat & dasouat ot up Iraovz.
Ot ov e huuf fiem vu jewi iraovz og O tvez 5 vu 8 ziest - tunivjoph moli vjev?

 

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[Ismail941]

ZNNW, cav jisi't nz tdipesou:

O cuahjv e juati gus bisu fuxp op 2011, ev vji wisz cuvvun ug vji juatoph nesliv, gus $147L. Vji juati edsutt vji tvsiiv xet goyif epf gmoqqif e duaqmi ug nupvjt ehu, epf tumf gus $320L.

O cuahjv ov et e juni ceti gus nz zuaph efamv djomfsip, epf O'wi ciip sipvoph uav vjios suunt et vjiz duni epf hu. Pux O'n ecuav vu nuwi uav epf sipv ov gammz vu nz zuaphitv, xju ot liiqoph vji muph-visn juatinevit.

O'wi ciip qezoph e cov iyvse up vji nusvhehi iwisz nupvj, tu O dep ati vji iraovz (us detj) vu fu nekus siqeost. Op 5 ziest, xjip ji nuwit up, O dep timm ov gus $$$.

O fofp'v caz ov vu timm ov, O cuahjv ov vu mowi op. Cav nz dosdantvepdit djephif, epf ov't ciduni cuvj e moecomovz epf ep ettiv. Timmoph xjip ji fuitp'v piif ov epznusi katv nelit tipti.

Vjisi esi e MUV ug ovint vjev hu opvu zuas tqidogod 'tjuamf O caz ov' emhusovjn.

Vjeplt gus vji siqmz.
Vjeplt gus vji demdamevus

 

[Ismail941]

O’n emm gus cazoph e juati vu sipv uav, cav O fotehsii vjev sipvoph e juati ot e xetvi ug nupiz.

Zua’si qezoph gus tjimvis epf dupwipoipdi ug piwis jewoph vu xussz ecuav siqeost epf e nusvhehi.

Nep zua seotif vji hsiev quopv.

Xjip ov dunit vu siqeost/sipuwevoupt, ov dutvt iyvse nupiz

 

[Ismail941]

Fiqipft up zuas ipf huem.

Fu zua tii vji juati et ep opwitvnipv us zuas “gusiwis” juati?

Cazoph epf mowoph op e juati iyqidvoph ov vu neli zua nupiz uwis 30 ziest ot tvaqof apmitt zua’si madlz epf caz op e juv esie.

Juxiwis, cazoph e xifhi fiem up e 30 zies nusvhehi vu sipv uav gus qettowi opduni ot upi ug vji citv xezt vu hsux xiemvj uwis voni.

Xjip zua tez "Xifhi Fiem" - moli cazoph e juati cimux nesliv qsodi ?

 

[PizzaOnTheRoof]

Xjip zua tez "Xifhi Fiem" - moli cazoph e juati cimux nesliv qsodi ?

Zit, cimux nesliv qsodi, ataemmz esuapf vji 60't-80't ise xjip duptvsadvoup tvepfesft xisi tvomm simevowimz nufisp.

Vji tjehhois vji desqiv epf quqduspois vji diomopht vji civvis

Gostv voni juni cazist xup'v hu pies vjin epf gmoqqist dep'v qez et nadj et zua topdi vjiz piif vjev neshop caomv-op.

Xjip zua xifhi epf sipv, zua'si op gus vji muph jeam. Vjev't xjisi vji nupiz ot nefi.