Do You Need to Own a House to Be Successful?
4,544
Published 2024-01-09
But do you actually need a home to be considered a success?
Ramit Sethi, author of "I Will Teach You To Be Rich" doesn't even own a home even though he's really well off. As a real estate investor and advocate for owning your own home, I'm super interested to see what he has to say and see if I agree with his opinions or not.
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Original Video: • Why I Don’t Own A House as a Multi-Mi...
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*Please note that the information in this video is for educational and entertainment purposes only and should not be taken as financial or investment advice. Any investments or financial decisions you make based on the information in this video are at your own risk. The links in the description above may include affiliate commissions or referrals, and I may receive compensation from partner websites. The information in this video is accurate as of the posting date but may not be accurate in the future.
All Comments (18)
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Have been enjoying your videos but didn’t know you are from Taiwan too, I am currently buying my very first home in OC and learned a lot from you, thanks!
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Love ramit sethi. Great video thanks!
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Dang, Im early. Love your vids btw
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There’s only X amount of housing in, say, Boston. It’s an inherently inflationary asset, as the value is predefined by the limited amount of availability (you can’t build infinite houses). Meanwhile, stocks can easily be broken down over and over again. I think that makes it pretty clear for me.
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Of the 2 I would listen more to Sean because he sounds more calm and level headed. Ramit was a little too energized and that's something I factor in some times when evaluating someone as an info source.
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nice video
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am 12 year old thank you Sean you have made it easy to understand
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When you say diversify locations do you mean different neighbourhoods, cities, countries or continents? I would not be able to sleep at night if I owned anything very far away
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I think when you say I own a house is partially true, because if you have a mortgage it belongs to the bank until you fully pay it. you also need to consider that each month payment a lot goes to interest rate from the loan you got (with current interests' rates). I think you should really really do the numbers before buying and also if the location of what you want to buy is the one you really want.
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no. but if you are 30 yo and older and don't own a house you will feel you are behind.
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If the average cost in Wisconsin is 249,448 and the appreciation is 6.5% would it be smart to get a house or rent a property.
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Blackrock wants you to be a renter. This alone should make people be afraid of being renters. All these "you will own nothing and be happy" attempts must be thwarted.
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🤓
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Hey Sean, I want to buy a house but I'm Muslim and interest isn't allowed in Islam. But houses seem too expensive to buy with cash. Can you make a video on how to buy a house with cash?
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so I make 50 dollars a year what should I do
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Here so kids can't say first
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Rethi is wrong