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Houston Crosta

πŸ‘€ Speaker
894 total appearances

Appearances Over Time

Podcast Appearances

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

So like people are willing to pay up for things that they already know that they have it sold when they get it and they're willing to pay nothing.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Right.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

And the dealers are not willing to sell for nothing.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

So it's kind of like a stalemate limbo.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Would you buy a new house right now?

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

I rent my house.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

I don't want to buy a house anymore.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Right.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

I mean, I had, I've owned homes in the past, but currently the house that I rent is if I were to buy the house, the 20% down that I would need to put down to, to, to be able to do the loan is

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

my mortgage would be 50% greater, including putting down 20% if I were to buy the house that I live in.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Wow.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

So I rent it for 50% less than the mortgage without putting the money down.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

So that money that I have, the 20%, it could go to work for me in the stock market and earn basically what my rent is.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

So in my theory, I live for free.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

But if my house was back to normal and we had, I'm cool with 5% interest.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

I think when we went to threes and the low fours, I think that was really low.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

And I think five is a decent number.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Seven, eight is impossible.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

Whatever your mortgage is, let's say your mortgage is $20,000 a month.

Digital Social Hour
Houston Crosta: He Bought a Bugatti Then Lost 25% Overnight | DSH #1593

At 7%, you're probably paying like $1,500 a month of principal and like $17,500 interest.