Why you'll NEVER BUY A HOUSE (and ALWAYS be a RENTER)

Are you tired of renting and dream of owning your own home? In this video, we'll discuss common mistakes that keep people renting and why some may never be homeowners. If you don’t fix these mistakes, you might always be a renter.
Charles Lewis is a REALTOR® in the Austin area and helps people buy and sell houses all over the Austin metro area. Schedule a no-obligation phone call to find out how he can help you accomplish your real estate goals: bit.ly/ATXPhone
Charles Lewis
Keller Williams Realty
call/text: [phone]
email: [e-mail]
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HOW TO HIRE THE RIGHT AGENT
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READ THIS IF YOU’RE SELLING YOUR HOME
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READ THIS IF YOU’RE BUYING A HOME
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[@Milen983]

Thank you so much for this video. I was so pessimistic that my dream of buying a house will not be realized at least in foreseeable future, but now I know I should definitely keep saving to buy a house.

[@SFSCharles]

I am so happy you shared this. The primary reason I do these videos is to help people achieve their real estate dreams. If the video helped you, it was a success. Also, I am a real estate agent so don’t hesitate to reach out if you have any questions. You might be closer to your goal of homeownership than you think.

[@mitchellbarnow1709]

I wish that I knew why new houses are built with really high pitched rooflines. Is it just to make the houses look bigger, maybe it’s to give you attic or unfinished rooms, but maybe it is just to build Mc Mansions? To me it just makes the streets look really crowded with houses that are too close together.
I grew up in the flats of Beverly Hills where the houses were built in the 1920’s, but now people people build as close to the property lines as the law will allow and as high or sometimes as deep as what makes economic sense. My parents paid $59,900 in 1971 which was double what houses cost in the suburbs with their smog and their rush hour commutes. My sister owns it today and as a teardown it could be sold for a ridiculous amount of money and it could be rebuilt twice as large for maybe a million dollar profit. Real estate never makes any sense, but it is wonderful to now have no payments and low taxes because of Proposition 13.

[@SFSCharles]

Thanks for sharing your thoughts and memories about Beverly Hills. It's fascinating to hear about the changes in real estate over time.

[@jamesfore1201]

Are you serious? Which housing market is really that much cheaper than 2 years ago? I believe the jump of the initial jump of 20% in housing prices prevent people from having enough money for upgrades after monthly payments. I don’t think the old phrase “Marry the house, date the rate” is applicable anymore with prices remaining high. The price is the issue more than rates.

[@SFSCharles]

I’m in the Austin metro so my comments about pricing are based on what I’m seeing here. There are some areas of the metro where prices are close to where they were before all the big spenders came to town and outbid everybody else.
If you’re serious about buying a house, I would encourage you to take a look at what’s out there as opposed to listening to all the real estate gloom & doom all over CZcams.

[@english2me694]

And mortgage cost is fixed while rent is subject to periodic increases

[@SFSCharles]

That’s a good point. Thanks for sharing.

[@beddozo]

Finally a non doom and gloom video with logic,,, just a thought if you were to show those people in another video the $3000 a month that you’re putting out equaling roughly $30,000 worth of write offs they might find that the true cost is only around that 2500 a month or less in some cases

[@SFSCharles]

Thanks for the video suggestion. The problem is there are a lot of people out there who would rather make sure you know they’re right instead of wanting to find the right answer. :)

[@kimsiewers]

Your statement about investments being at risk in a lawsuit is not entirely correct.
A retirement account is immune from civil judgement.

[@SFSCharles]

That assumes your all your money is in an IRA, which is probably not the ideal solution.

[@TheBishop12]

Those two sound effects are a bit loud but otherwise solid down to earth advice

[@SFSCharles]

I'm working on getting those sound levels right, but I'm glad you found the content useful.

[@mmalaika]

Pessimist, I just came to make a comment. I didn't want to watch the video, and I didn't because I have a house.

[@SFSCharles]

Thanks for stopping by and sharing your thoughts.