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Your primary residence is not a good investment 🚫
00:00/00:00
Your primary residence is not a good investment 🚫
lifeofsal
Sal · 1-1

122 comments

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Amina Asim

Made 400K selling my house after 2 yrs. Will make 100K selling my new home next yr. So I think it’s a great investment

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100

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Chris Chin

You lose 100% of the money you pay renting. 😬😬

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146
Sal · Creator

A house for most people is forced 30 year+ debt with a lot of sunk costs that people don’t usually calculate. You’re better off investing the captial

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167

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user7657009831811

But u need a home to live in. In Toronto rent is 2500+ . At least with a house ur 30% goes to ur principal. U get notting with rent in the end

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72

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Jenna

Thats not true buddy. Build equity, pull out equity, invest.

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Werdah Khan

unless it's Ontario Canada 😂 people are making millions in the housing market by house hopping here

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37

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user4952307375273

better than investing in a car

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Sal · Creator

A car is a liability, unless it’s a collectors car that increases in value through time.

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49

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Dania

Not totally true. It can also be an equity investment

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51
Sabrina

You can’t explain this kinda stuff to just anyone, if they’re not willing to listen or don’t understand it, let them sink. 🙄

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25
Lina

wait but Sal, how can we rent / invest in a house in an Islamic way? and do you think buying a house is really worth it in Toronto?

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Jennyrosekarim

We are realtors .. lots of young ppls buy for investment 🙏

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13
Mufczone

We need a courses😂😂

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15
Alejandro Libaque - Mortgages

As a mortgage agent… I have to agree 👏

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Luna

Exactly. I was trying to explain to my husband why our home isn’t considered in our net worth.

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8

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user7437240752407

What should I invest in?

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6

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Oneda.Baos

any real estate is a great investment .

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4
Muffintop

Explain pls

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4
BengaliSpice

What do you suggest is a good investment Sal?

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3
Ramya Vengadessin

Sir i need your skin care routine

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2
sofia gutierrez

Love this content!! ✨

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2
Oil Burners | TheNurCollection

So how do you move out without having to pay interest at a young age… isn’t renting good?

1-1Reply

2

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