ilmscore | "America Is Turning Into A Renter Nation"

"America Is Turning Into A Renter Nation"

Published: 2024-06-17
Status: Available | Analyzed

Predictions from this Video

Total: 12
Correct: 0
Incorrect: 0
Pending: 12
Unrated: 0
Prediction
Topic
Status
The Federal Reserve Bank is planning to increase interest rates multiple times in 2025.
"they plan to raise interest rates multiple times in 2025"
Federal Reserve Interest Rate Policy
Pending
As of March 2024, home prices have reached a new record high.
"as of March of 2024 what we see is the home prices today are at a brand new record high"
Home Prices
Pending
Mortgage rates are currently around 7%.
"mortgage rates today are still around 7%"
Mortgage Rates
Pending
The monthly cost of owning a home is 61% higher than renting an apartment, and this trend is expected to continue.
"The monthly cost of owning a home today is 61% more than leasing an apartment and that's not going to change anytime soon"
Home Ownership Costs
Pending
For the first 14.5 years of a 30-year mortgage, the majority of monthly payments go towards interest, not equity.
"for the first 14 and a half years of your 30-year mortgage the bulk of your monthly payment is not going in equity is going into your Banker's Pockets with interest"
Equity Building in Mortgages
Pending
True wealth building will come from owning assets like stocks and investment real estate, rather than the home one lives in.
"your real wealth is going to be built through owning other assets through stocks through real estate Investments not the home that you live in"
Home Ownership vs. Investment
Pending
The Federal Reserve plans to raise interest rates multiple times in 2025.
"they plan to raise interest rates multiple times in 2025"
Federal Reserve Interest Rates
Pending
The monthly cost of owning a home is 61% higher than renting an apartment.
"the monthly cost of owning a home today is 61% more than leasing an apartment"
Homeownership Costs
Pending
As of March 2024, home prices have reached a new record high.
"as of March of 2024 what we see is the home prices today are at a brand new record high"
Home Prices
Pending
Mortgage rates are currently around 7%.
"mortgage rates today are still around 7%"
Mortgage Rates
Pending
For the first 14.5 years of a 30-year mortgage, the majority of monthly payments go towards interest, not equity.
"for the first 14 and a half years of your 30-year mortgage the bulk of your monthly payment is not going in equity is going into your Banker's Pockets with interest"
Home Equity
Pending
True wealth is built through owning assets like stocks and rental properties, not the primary residence.
"your real wealth is going to be built through owning other assets through stocks through real estate Investments not the home that you live in"
Homeownership vs. Investment Wealth Building
Pending