Jay Morrison Debates with Vlad on Whether Real Estate is a Scam

[sportscribe]

Real Estate in what sense? Real Estate investment? Development?

Either way, the premise of the debate is stupid. You get on the property ladder or invest in a property rather to build equity on it. It opens up various lines of credit, and importantly, it can be passed down from generation to generation. A good property investment is certainly better than leaving your cash lying in a bank.

 

[TRUEST]

70 years. Why are you going to clown me?

I don't clown people. Just curious.

 

[ATownD19]

DJ Vlad argues like a Coli member

 

[Wild self]

It teaches me to live below my means and have a massive down payment to owning a home in an area where taxes are low.

 

[Palm Tree's & Blunts]

I own property. One of the best investments I've made. The longer you hold the higher the value becomes.

Edit: vlad is a fukking idiot dont be discouraged to buy property.

 

[Swirv]

Don't buy with less than 20% down payment and stellar credit if you can.

The closing costs of buying a home is what feels like a scam to me.

 

[Made Myself A Boss]

they dont want to look that far ahead. hell, i didnt. but reality is there. u have to confront it.

At that age a lot of people don't have their any kind of direction

And the very last thing on your mind at 25 is to compound your life with more responsibility(and that's if you didn't already fukk up and have a child)

Why invest in a house when you could use that extra 200 dollars and hit the club twice a month... (Seems logical at that age ) But in society, that's what truly separates the haves from the have nots, the ability to have self control

 

[#1 pick]

Real talk, once I pay down some of my debt, I will start getting into owning multi-properties like I do when playing rat race.

 

[#1 pick]

I want 50 properties in America, 50 in Africa.

 

[Pimp]

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?

 

[Doobie Doo]

She should have hired a real estate agent. No need for her to do that.

she had one. you still have to travel and sign shyt in person and the process repeats when the person doesnt buy.

 

[TRUEST]

Real talk, once I pay down some of my debt, I will start getting into owning multi-properties like I do when playing rat race.

no. multi-properties is stupid unless u really balling like that.. start small. start with one.

 

[Bawon Samedi]

Jay is so underrated...

Him and Tariq should link up.

 

[Mike the Executioner]

I didn't watch the video, but was Pac alive when "Ether" came out?

 

[IdealMan]

Bought my house for 180k 8 years ago, today the resale value is 340k. Bought a condo 7 years ago for 24k, the condo next door sold for 110k a few months back. I quit my job a month ago and my rental income is keeping me straight.

Just never ever take on a car note, you will be alright.