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

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47 Replies to “Business Tips: Added Thoughts to My Point of View on Homeownership”

  1. 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.

  2. 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.

  3. 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

  4. 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

  5. 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.

  6. 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??

  7. 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.

  8. 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.

  9. 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

  10. 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.

  11. 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

  12. This is what I heard 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?

  13. This is what I heard 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?

  14. 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!

  15. If you're entrepreneur and you need money to grow your business….but then go an buy a home…you should ask yourself "am I really invested in what I'm doing?" Many can't do both.

    Gary doesn't need to clarify his point of view…it's his opinion and in some cases it's nuanced. The answer to most things in life is "it depends".

    When someone is giving advice – look through to their perspective and then look at the salient points that may relate to you…then apply them as you see fit.

    He said don't buy a house if you're an entrepreneur and want to grow your business. SO – if you're not an entrepreneur or you don't want to build a business, buy the house you want.
    If you don't fit the context of @Garyvee's statement – don't get upset and go do something else. He shouldn't have to get on a call and answer this person's disagreement or belief that Gary was being disingenuous.

    There are people pulling cash from retirement accounts, bank accounts or borrowing from family to buy a home. Then complain they don't have enough money or can't make enough money. Happens all the frickin' time!

    Gary talks about marketing and teaching that….his keynote was to get realtors to market and embrace social/tech. He can also say "don't buy a house" and then give his reasons for that thought.

    They are not mutually exclusive and people who can't see that need to look within.

    When you have realtors and people in the industries complaining about what a marketer said, it's more about them and their cognitive dissonance.

    You should decide what YOU want to do and based on what's best for you & your family …not a guy on YouTube who teaches marketing & hustle, a realtor with tons of subscribers on YouTube or any other figure on social.

    On a side note…Some people spend their time attacking people who choose to give their opinions on ideas. The great thing about Gary is that he makes time for a lot more people than many know. I've had the pleasure of speaking with him for 30 mins on the phone when he had people waiting for meetings.

    The caller should be more focused on what he can do to make the industry better instead of 'trying to set the record straight' or …call out people and then create videos with titles to build a following.

    There are way better ways to create opportunities together without it being adversarial! (got that by Gary's reference of the email he received. When Gary mentioned some points about it…the caller walked back a little!)

  16. You make me feel secure with myself not being a homeowner, something that can take a toll on my self worth, much based on the societal expectations put out there that I absorb. This was great to watch. Makes me feel like I'm not crazy for not having a house yet.

  17. I interpret what Gary Vee is saying about home ownership as him using his platform to create a new market of entrepreneurs between the ages of 21 to 35 that should spend there trust funds, inheritance, annuity, or live savings accounts on him building his marketing company.

    Gary Vee believes that demographic of people would benefit more from his company marketing an idea vs that demographic establishing life expense stability.

    Home ownership is key to saving money; not growing money.

    Gary Vee is in the business of ‘Return on Investment’.

    Homeowners are focused on establishing a rock solid foundation of stability for their spouse and children.

    Renting offers no stability for education, equity, net-worth, family, or saving.

    A homeowner talking negatively about those seeking first-time homeownership is flat-out hypocritical.

    Gary’s opinion is a close minded thought from a gambling business man to influence the lifestyle planning of the demographic he’s targeting for his business revenue to grow over the next 10 years.

    Gary wants you to hold off on buying your first home and instead choose to pay his multimedia marketing company the amount you would have spent making the down payment on your home.

    Do not trust the advice of a person that is pushing first world problem agendas.

    People around the world with no money at all would die for opportunity to purchase land or a home for their family.

    Gary has lost site of life values due to his entitled upbringing of having successful business owner parents that afforded him the opportunity to make risky decisions early into his life.

    Stay grounded. Buy a home.
    Give your children the chance to live stable lives so they will have the chance to build upon the legacy you started in buying your first home.

    You can’t leave a rental to your family. You can’t leave your skills to your family.

    Always put Family first.

    You have to start a legacy before you can leave one.

  18. Depends on the market… real estate is different place to place than "the market". This is a stupid convo with the distracted millenials up front of this video distracting me. Watch the fed rate.. make choices from there

  19. Why is it not possible for you to just apologize???? No one needs you to explain about real estate gaining or not holding value or using up someone's leverage and cash flow. Just apologize and be thoughtful about what you say and how you say it. This is your career and your words that come out of your mouth. You are coming to talk at TREB, and I hope you have what you are going to talk about straight and don't digress into your opinions on home ownership……

  20. Gary I get what you're trying to say, but you're completely missing the point. You can practice what you preach in the real estate world as well. People can put down 3% or 5% with a conventional loan to buy a house. You keep throwing out a 20% number.. that's not necessary! If someone has the ability to put $7500 down on a $250k home (3% down) and it's a 3 or 4 bedroom home, and then rent out 2 rooms to friends for $750/each then it's a no-brainer! You're basically living for free with friends while they pay your mortgage, and you get to benefit from appreciating real estate prices at the lower price point.

  21. I don't think you had bad intentions at all, I just think your perspective (on this) is out of touch and a product of your success. U live in a world where 300k down is actually a thing but less than 1% of ppl are living in that world with you. $300,000K down is 20% down on a 1.2 million dollar home. The median price of a home in America is under 200k. The decision is really should I SPEND $1200 a month for a 1-2 br apartment. Or is it wiser to INVEST 3% down on a 150k house ($4500) to gain a bedroom and basement and garage and backyard. Which will accumulate equity, provide you collateral for a business loan (eventually), and an asset. A don't take out a loan that that doesn't leave you room to invest in yourself video would've been more valuable. With that said, I love that you followed up with this video and that's one of the reasons you are dope.

  22. $200,000 downpayment? Are people buying million dollar homes are really going to YouTube for financial advice, or should this question be framed for how to best utilize my $10k? You lost me there

  23. I get what he’s saying but it doesn’t apply for all markets. He said “$200K-300K down payment”. Homes here cost $200K. A down payment is not that high and there are programs you can use to have no down payment. However, you do have to consider the cost of repairs.

  24. Minus the backstory and hustle I did/do get where I am, you can do what I did. Buy a house on the low with minimum down, get instant equity. Increase the equity by trading work to have it remodeled, increase equity. Why? At any point you can sell in a good market or bad and remain liquid or use that equity can be used to hustle your way to your dream. If your plan doesn't match your #Endgame, you're already failing.

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