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In this video I wanted to explain why Your House Is a Wage Slave Trap that will keep you stuck in the rate race for the rest of your life. is it better to own or rent a house? Is owning a house and having payment mortgage worth it?
Everybody dreams of owning their own house, but financially speaking its not a very good investment. Let me explain.
00:00 introduction
00:43 The double standard
02:25 Owning your house is never an investment
05:18 hidden cost 1: mortgage payments
06:10 Hidden cost 2: Property Taxes
06:52 Hidden cost 3: Maintenance and Repairs
07:52 Hidden cost 4: Insurance and Utilities
08:26 Hidden cost 5: the yearly inflation effect
09:49 Hidden cost 6: Opportunity Costs
10:43 Conclusion
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🔥 VIDEO RECOMMENDATION
Everything you want to know about me (Q&A video) → https://youtu.be/DrWWYbHb7zw
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Website: https://linktr.ee/tomscryleus
Podcast: https://podcasters.spotify.com/pod/show/tomscryleus
Newsletter blog: https://tomscryleus.wordpress.com/
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MY OTHER CHANNELS:
My Tech channel → https://www.youtube.com/TsTechGear
My Camera channel → https://www.youtube.com/TScameragear
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MY COMPUTER SETUP:
🖥️ Monitor: https://amzn.to/3p44lnT
🖥️ Mac Mini: https://amzn.to/420yg2e
💻 macbook Pro: https://amzn.to/3zMcWAM
📹 External SSD: https://amzn.to/3Q4YJ8x
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🖱️ Mouse: https://amzn.to/3Sv5zWL
🖱️ Trackpad: https://amzn.to/3deCKxB
🔈 Speakers: https://amzn.to/3dfsWU8
🛋️ Desk light: https://amzn.to/3zwJmyE
MY YOUTUBE GEAR:
📷 Camera: https://amzn.to/3d8I1Xs
📸 Favorite lens: https://amzn.to/3dbKDno
💾 Memory card: https://amzn.to/3bCATSE
🎙️ Microphone: https://amzn.to/3bFJ80f
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EDC GEAR:
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👂 Earphones: https://amzn.to/3nolICA
Thank you for watching!
#TomScryleus #wageslavery #quit9to5