Wait...Jay is not apart of the real estate association? 
@17:40
What happened there?
@17:40What happened there?
Jay Morrison Debates with Vlad on Whether Real Estate is a Scam
- Thread starter Pyrexcup
- Start date
I can't be for sure if this is the same thing but this real estate investor I worked with would bring people in to buy properties, rent them and the investor would get paid a certain percentage of their money back monthly ( with interest) over a certain period of time. The house isn't in the persons name or anything, they basically just fronting dough.
Alpha Male
Spare me your daps
Real estate is an appreciating market. Your home will never lose value over the long term so long as you upkeep it. It can only gain in value.
When you are making rent payments you have nothing to show for it. You are never going to see that money again. When you own a home your monthly payments are going towards your principle. You are basically paying yourself a monthly income.
In 10-15 years not only will you have built plenty of equity, your home will have gone up in value as well. You have lost nothing. What would you have to show if you wasted all that money on rent payments?
Jay killed him. Vlad wasn't thinking of real estate as an investment vehicle...and Vlad doesn't even use a broker 
Alpha Male
Spare me your daps
She should have hired a real estate agent. No need for her to do that.You are not factoring in maintenance and upkeep along with property taxes and annual fees such as HOA and being tied to the home.
I dated a chick who owned a home in Chicago, moved to NC and had to travel back and forth for a year to sell the home to potential buyers. It was a huge headache for her and she never wanted to buy again.
I don't think that's the only advantage. Maintenance/upkeep is a huge deal as well. I also think houses can be riskier financially because you can borrow the equity or use it as collateral and that's how a lot of people lose houses. I think it's more complicated than paying less money. As a single single woman, if I had to do it over again, I definitely wouldn't buy a house.
He ain't being all of the way truthful, the know he put some of that coke money in the game, flipped it and became legit. shyt, the Mexicans do it in Texas. That said, capital is the biggest issue most Black realtors I know have an issue with.
I will say this, I know dope dealers who were really pushing work. Most of them have a business sense that is quite impressive. Too impressive but that need for fast money is usually their issue but they are THROUGH af! Made me think how hard it is to make it in their game.
I will say this, I know dope dealers who were really pushing work. Most of them have a business sense that is quite impressive. Too impressive but that need for fast money is usually their issue but they are THROUGH af! Made me think how hard it is to make it in their game.
Bullshyt. Neighborhoods deteriorate all the time and homes lose value. People borrow against the equity in their homes OFTEN and create financial sink holes for themselves. You can invest money 10-15 years in something else and make the same or better returns.
Alpha Male
Spare me your daps
You buying a house in the hood? Why would you do that?
People that borrow against their house do so because they a) don't manage their finances probably or b) they can't afford the house anymore.
70 years. Why are you going to clown me?
It's not in the hood but I'm in a neighborhood I can afford. Most of my neighbors been here for 20+ years. And I'm saying that buying a house doesn't make you better with finances so it's much more to it that people don't learn until late.
He's a dusty nikka, they are always talking and doing nothing.