George Kamel
π€ SpeakerAppearances Over Time
Podcast Appearances
Have you crunched the numbers on a 15-year fixed rate to see what that payment would end up being?
I mean, obviously, it's appreciated, but I think that's because of the dirt, not because of the house.
So I don't want you to be misled thinking that, well, this house is going to be worth $500,000.
It may one day, but that's going to be largely due to the dirt, and that house will be scrapped, and they'll put something else on there.
We'd be lying if we were like it absolutely will do this or this.
I would just personally β if you're not ready to buy a traditional single-family home, then I would just pause and keep renting and wait to get that $400,000 house a year or two from now.
What do you guys make?
About $80,000.
Okay, I'm just trying to think, how long would it take you guys to save up another $50,000 or $70,000?
Would that be two, three years?
Yeah, but rent is temporary.
And this home is a long term decision.
So that's the piece I'm thinking through is 10 years from now, are you going to be really glad you bought this thing?
Or are you going to go, man, it probably wasn't the smartest decision at the time, we were kind of strong armed into it with this ultimatum of either go rent for 1800 or buy it.
And so that's the part that I don't like doing this from a place of sort of
urgency i have to i gotta keep my boss happy i've gotta keep my yeah yeah but it sounds like you guys what if we you've made the decision you're just like was this uh should we be go continue down this path yeah yeah what if you what what if we bought it thinking we would sell it in five to seven years
That's what you're hoping for in that scenario.
And that's just there's a gamble there.
Fashion has rules.
Yeah.