Hom
Home Ownership
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 1
Pending: 12
Unrated: 0
Prediction
Author
Predicted at
Status
Video
A minimum 20% down payment is recommended to truly afford a house.
"If you want to afford the house, you have to have at least a 20% down payment."
Nov 8, 2025
Incorrect
The 22-year-old saver is predicted to be able to afford a home within a couple of years if he continues his current earning and saving rate.
"A couple more years of earning and saving at his current rate is the only thing holding him between ..."
Oct 9, 2024
Pending
For wealthy individuals, the home they live in is considered a liability (a money pit) as it does not generate income, unlike investment properties.
"wealthy people don't look at the home that they live in as an asset wealthy people look at the home ..."
Apr 14, 2024
Pending
For wealthy individuals, the home they live in is considered a liability (a money pit) as it does not generate income, unlike investment properties.
"wealthy people don't look at the home that they live in as an asset wealthy people look at the home ..."
Apr 14, 2024
Pending
A home is only an asset if sold for profit. Until then, it incurs ongoing costs (mortgage, upgrades, maintenance, taxes, insurance, HOA) that must be considered.
"The reality is your home is only an asset if you can sell it for a profit but until you sell it for ..."
Jan 21, 2024
Pending
Realtors and mortgage brokers may frame homes as investments, but their asset status is contingent on future sale price exceeding all associated costs.
"if you are a realtor you've probably taught this this what I was taught when I went through my realt..."
Jan 21, 2024
Pending
The speaker prioritizes acquiring income-generating assets and investments over stretching finances to buy a home, as assets are seen as the primary driver of long-term wealth.
"what I'd rather you do is I would rather see you stretch yourself thin to go out and buy more assets..."
Jan 21, 2024
Pending
A home is only considered an asset if its sale results in a profit. Until then, it incurs significant ongoing costs including mortgage, upkeep, taxes, and insurance.
"The reality is your home is only an asset if you can sell it for a profit but until you sell it for ..."
Jan 21, 2024
Pending
The common perception of a home as a guaranteed asset, often promoted by real estate professionals, is challenged; its true asset status depends on a profitable sale.
"if you are a realtor you've probably taught this this what I was taught when I went through my realt..."
Jan 21, 2024
Pending
Putting down a 20% down payment on a home eliminates the need for higher fees and interest rates, and provides immediate equity.
"if you want to really be able to afford a home, you need to be putting down 20% when you put down 20..."
Jan 7, 2024
Pending
The recommended maximum monthly mortgage payment should be 25% of actual take-home pay (after taxes), not the bank's suggested 28% of gross income, to allow for other expenses and savings.
"I don't want you to pay that much money towards your mortgage because then on top of that you got to..."
Jan 7, 2024
Pending
A home is considered a liability, not an asset, until it is sold for a profit, due to the ongoing costs of ownership such as mortgage, maintenance, taxes, and insurance.
"your home is only an asset if you can sell it for a profit but until you sell it for a profit when y..."
Sep 18, 2023
Pending
The difficulty of owning a home is expected to increase.
"owning a home becomes more challenging"
May 26, 2022
Pending