Suze Orman: Can You Afford To Buy A Home?



the right time for you to buy a home is when you want to buy a home number one and number two when you know you can afford to buy a home you know you can afford to buy a home when number one you have a very secure job you have at least 20% to put down and you have an eight-month emergency fund besides that if those things are all playing and the real estate market is kind of in a situation where you can get a really good deal then it might be time for you to buy a home but not everybody has to buy a home to have financial freedom don't forget that if right now you have a rent payment of a thousand a month so you're looking to buy a house where a mortgage payment is a thousand a month you have to be very careful because when you buy a home you have property taxes you have insurance and you have maintenance and all those things will cost you 40% more usually than your mortgage payment so you're paying rent of $1,000 a month let's take right now an extra $400 per month and put it away in a savings account for six months if that extra $400 a month you can't afford that all of a sudden you're struggling or you're late you know that you are about to buy a home that's too expensive if it was easy for you to do here's the good news now you have six months or in this case you have $2,400 to put towards your closing cost that's what I would do if I were you

18 Comments

  • ruzzell907

    April 15, 2019

    Isn't Suze proven to be a fraud by now?

    Reply
  • Andrae Elite

    April 15, 2019

    No One:
    Suze Orman: You can't afford it!

    Reply
  • Marcus LeeP

    April 15, 2019

    Looking very nice…Thank you..

    Reply
  • Thali Gonzalez

    April 15, 2019

    Suze Orman ?? no thanks

    Reply
  • Mauricio Garcia

    April 15, 2019

    suze orman is a scam artist

    Reply
  • Peter Waitzman

    April 15, 2019

    I’m surprised you shouldn’t buy a home until you have $20M.

    Reply
  • Lord Ba'al

    April 15, 2019

    This is common sense.

    Reply
  • RickReviews

    April 15, 2019

    Somebody said Suzy had ghastly leather jackets – I think they are stylish.

    Reply
  • Host Promo

    April 15, 2019

    Step 1: Get the money bruh ?

    Reply
  • ethan777

    April 15, 2019

    please. not this lady again

    Reply
  • naif alkhalaki

    April 15, 2019

    I would personally never buy a house. Buy a 3 flat apartment make some money

    Reply
  • Bryan Abad

    April 15, 2019

    In other words dont buy a mothefuckin house until you got the money

    Reply
  • John Borden

    April 15, 2019

    And if you're drinking coffee then don't even think about it, you dirty junkie

    Reply
  • Warped

    April 15, 2019

    We're supposed to take advise from someone who thinks we need 5 mill to retire????

    Reply
  • UNLEASHING POTENTIAL - PSYCHOLOGY VIDEOS

    April 15, 2019

    If people can, they should move away from expensive places like California that has over priced homes. ???

    Reply
  • forgiveness denied

    April 15, 2019

    ohh that “can I speak to your manager” lady, that doesn’t buy coffee, but spent a lot on wine

    Reply
  • billy bob

    April 15, 2019

    No rants about coffee,disappointed

    Reply
  • TRAVISTEN COM

    April 15, 2019

    #TRAVISTEN #TRADERLIFE PROVING MY POINT ONCE AGAIN, THANKS SUZE LOL " NOT EVERYBODY HAS TO BUY A HOME TO HAVE FINANCIAL FREEDOM, REMEMBER THAT"

    Reply

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