Business Tips: Added Thoughts to My Point of View on Homeownership
Business Tips: Added Thoughts to My Point of View on Homeownership
Awesome Tip: Added Thoughts to My Point of View on Homeownership
I wanted to create some context and clarity on my point of view on buying a home. #askthetitleguy
Context is what I believe in most, and sometimes it can get lost in the Instagram clips I post or my showmanship on stage.
In this video, I have a conversation with a guy from the real estate industry on my thoughts on buying homes — check out this article for the full details:
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Gary Vaynerchuk is the chairman of VaynerX, a modern-day media and communications holding company and the active CEO of VaynerMedia, a full-service advertising agency servicing Fortune 100 clients across the company’s 4 locations.
In addition to VaynerMedia, VaynerX also includes Gallery Media Group, which houses women’s lifestyle brand PureWow and men’s lifestyle brand ONE37pm. In addition to running VaynerMedia, Gary also serves as a partner in the athlete representation agency VaynerSports, cannabis-focused branding and marketing agency Green Street and restaurant reservations app Resy.
Gary is a board/advisory member of Ad Council and Pencils of Promise, and is a longtime Well Member of Charity:Water.
Gary is a highly sought after public speaker, a 5-time New York Times bestselling author, as well as a prolific angel investor with early investments in companies such as Facebook, Twitter, Tumblr, Venmo, and Uber.
Gary is currently the subject of DailyVee, an online documentary series highlighting what it’s like to be a CEO and public figure in today’s digital world, as well the host of The GaryVee Audio Experience, a top 100 global podcast, and host of #AskGaryVee, a business and advice Q&A show which can be found on both YouTube and Facebook.
Gary also appeared as judge in Apple’s first original series “Planet of the Apps” alongside Gwyneth Paltrow, Jessica Alba and Will.i.am.
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27 Replies to “Business Tips: Added Thoughts to My Point of View on Homeownership”
Shouldn't it be the end of the discussion after he said his statement was directed at entrepreneurs? Realtors are so panicked people will realize they are paid in excess of their value that they freak out when anyone suggests a home may not be the most financially responsible move.
Gary is wasting his time. Realtors are not educated individuals. Anyone with three months and three hundred bucks can get the certificate to sell homes. Imagine somebody who sells Amway or acn products having some say on economics. Laughable. Realtors are neither objectivr not educated.
I’m 26 and just bought a house with 0% down (3% sellers help). I’m paying less per month with pmi, taxes, etc. than I was renting a townhouse down the street. Unless you’re actually going to start a business, this advice is garbage. Building equity is crucial to financial stability no matter what these guys tell you. Remember, they make a living off renters
This is the first full conversation Gary V had with someone else. Does he ever let anyone finish their thought or statement. I don’t see the point if not, that’s not a conversation. That’s a monologue
Until you own more than one property you aren’t even “long real estate”. You always have to live somewhere so if your property appreciates and all the properties appreciate around you you can’t take advantage unless you downgrade. Otherwise you can only pull equity out by borrowing or selling the house and now you need another place to live.
Even if it happened (which it wouldn't)…it would help the industry. Everything would become commercial property. Prices would increase based on income, and turnover would likely increase. So, what's the problem??
Not sure who the clown on the phone is but gary is 100% right. Rent and use the DP to grow wealth. Home ownership is not an “investment” when u calculate the interest paid over the 25 year term plus maintenance and down payment. It’s actually a terrible thing to buy when you are young.
To anyone that is truly an entrepreneur, this line of thinking is obvious. If you want to generate wealth, that's different. Real estate should be considered a major part of a wealth building equation. But if you're looking to build a business, finding cash from wherever you can scrape it up from is part of the gig. Entrepreneurship and Wealth building are overlapping but not the same.
I loved this. I used go for the American dream like everybody else but as time elaspe buying a home just doesn't make sense to me personally. Since this is always going to be a debate on renting vs buying there is going to be no right or wrong answer just go with your own preference and perspective
I agree with Gary V. I'm a 28 year old home owner. Bought the house at 22 years old. But I'm not an entrepreneur, I drive a garbage truck for a living lol. Homeownership has been awesome for me. But, if you're an entrepreneur then your home is not your biggest investment, your business is your biggest investment. But in my case, my biggest investment is my home since I don't have a business.
Ok I get that there really isnt much money in owning a home just to live in it. But would it still be reasonable to be in the buisness of renting out homes. Because if more are going to rent someone needs to own those properties. Someone tell me if in missing something
This is what I heard https://youtu.be/bxOaW6aHpak Gary your wrong on this point I think you get on a high when you talk and get carried away, your talking about extreme hustling and only refers to yourself not your audience, that’s like Ronnie Coleman talking to a beginner about squatting 800 pounds. But I’ve got a question for you, can you only motivate people that want it or can you motivate a loser to want it? And how would you do it?
This is what I heard https://youtu.be/bxOaW6aHpak Gary your wrong on this point I think you get on a high when you talk and get carried away, your talking about extreme hustling and only refers to yourself not your audience, that’s like Ronnie Coleman talking to a beginner about squatting 800 pounds. But I’ve got a question for you, can you only motivate people that want it or can you motivate a loser to want it? And how would you do it?
Idk why there was such a big uproar over this. I'm glad Gary made the comments he did. I was looking at homes last weekend (duplexes) and I've decided to rent and use the money I would've used to invest in my business instead of a home. Thanks for the advice Gary!
27 Replies to “Business Tips: Added Thoughts to My Point of View on Homeownership”
Shouldn't it be the end of the discussion after he said his statement was directed at entrepreneurs? Realtors are so panicked people will realize they are paid in excess of their value that they freak out when anyone suggests a home may not be the most financially responsible move.
Gary is wasting his time. Realtors are not educated individuals. Anyone with three months and three hundred bucks can get the certificate to sell homes. Imagine somebody who sells Amway or acn products having some say on economics. Laughable. Realtors are neither objectivr not educated.
I’m 26 and just bought a house with 0% down (3% sellers help). I’m paying less per month with pmi, taxes, etc. than I was renting a townhouse down the street. Unless you’re actually going to start a business, this advice is garbage. Building equity is crucial to financial stability no matter what these guys tell you. Remember, they make a living off renters
I'd have to respectfully disagree home ownership is one of the best things I can do in my community
He loves the sound of his own voice doesn't .
Can someone share the link to the original video being referenced?
This is the first full conversation Gary V had with someone else. Does he ever let anyone finish their thought or statement. I don’t see the point if not, that’s not a conversation. That’s a monologue
I’d never raise kids in an apartment
Until you own more than one property you aren’t even “long real estate”. You always have to live somewhere so if your property appreciates and all the properties appreciate around you you can’t take advantage unless you downgrade. Otherwise you can only pull equity out by borrowing or selling the house and now you need another place to live.
Would have been great to hear the other guy's point of view.
Even if it happened (which it wouldn't)…it would help the industry. Everything would become commercial property. Prices would increase based on income, and turnover would likely increase. So, what's the problem??
212 KILLZ
788 LEFT…
Oh, and BTW — you cant live at home, your parents want you out at 18! GO!
Who has 200-300 k to put down on a home anyway?
Where do you invest m1 finance?
Not sure who the clown on the phone is but gary is 100% right. Rent and use the DP to grow wealth. Home ownership is not an “investment” when u calculate the interest paid over the 25 year term plus maintenance and down payment. It’s actually a terrible thing to buy when you are young.
Hey love – Lil b
To anyone that is truly an entrepreneur, this line of thinking is obvious. If you want to generate wealth, that's different. Real estate should be considered a major part of a wealth building equation. But if you're looking to build a business, finding cash from wherever you can scrape it up from is part of the gig. Entrepreneurship and Wealth building are overlapping but not the same.
What if you get a VA home loan?
I loved this. I used go for the American dream like everybody else but as time elaspe buying a home just doesn't make sense to me personally. Since this is always going to be a debate on renting vs buying there is going to be no right or wrong answer just go with your own preference and perspective
I agree with Gary V. I'm a 28 year old home owner. Bought the house at 22 years old. But I'm not an entrepreneur, I drive a garbage truck for a living lol. Homeownership has been awesome for me. But, if you're an entrepreneur then your home is not your biggest investment, your business is your biggest investment. But in my case, my biggest investment is my home since I don't have a business.
Ok I get that there really isnt much money in owning a home just to live in it. But would it still be reasonable to be in the buisness of renting out homes. Because if more are going to rent someone needs to own those properties. Someone tell me if in missing something
I really need a car. I´m having a baby soon so uber it´s not my option. As for the home, i´ll rent.
myself chasin posts amounts equals rat_race^^be naturally instead
This is what I heard https://youtu.be/bxOaW6aHpak Gary your wrong on this point I think you get on a high when you talk and get carried away, your talking about extreme hustling and only refers to yourself not your audience, that’s like Ronnie Coleman talking to a beginner about squatting 800 pounds. But I’ve got a question for you, can you only motivate people that want it or can you motivate a loser to want it? And how would you do it?
This is what I heard https://youtu.be/bxOaW6aHpak Gary your wrong on this point I think you get on a high when you talk and get carried away, your talking about extreme hustling and only refers to yourself not your audience, that’s like Ronnie Coleman talking to a beginner about squatting 800 pounds. But I’ve got a question for you, can you only motivate people that want it or can you motivate a loser to want it? And how would you do it?
Idk why there was such a big uproar over this. I'm glad Gary made the comments he did. I was looking at homes last weekend (duplexes) and I've decided to rent and use the money I would've used to invest in my business instead of a home. Thanks for the advice Gary!