Hook

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I bought a house when I was 26 and fell immediately into poverty. Nine years after I bought that house, let's do an update. The video is actually going viral again, I think because of this video here. Firstly, yes, I did have a home warranty on that home, the seller had actually paid for the home warranty. The home warranty did not cover the pipes bursting. Did I get an inspection on the house? Yes, I did. They did not find anything about the pipes, you know, bursting immediately after I moved in. Okay, what can I say? They they couldn't see inside of the walls. Some people have said that I should have picked a better inspector. Oh well, it was nine years ago. What can I say? The reason that I struggled so much was just really a combination of bad luck because all of the things were breaking all at once as soon as I moved into the house, and I didn't have time to recover. And basically every time I would add to my savings, it would immediately have to go to something that had broken in the house. Yes, the house was older, but the city that I was in, there were no new houses and I couldn't afford new construction anyway. But anyway, fast forward from that point about three or four years, I ended up buying a new construction in a different part of my state while keeping that house. Luck did play a role in that because I got married and my husband had a house, I had the house, we picked which house we were going to live in, which was mine because it was just, you know, growing in value faster. So we sold my husband's house, moved into mine while we waited for my new construction house to get built. Then I rented out that house and I actually recently sold the house last year. And I'm no longer house poor, even though I'm in a bigger house. And I've seen 50-11 think pieces about this video of mine and, you know, being house poor and whether it's better to put the money in the stock market or rent an apartment and all the other things. But I think a lot of those think pieces miss something critical. At the time, neither I nor anyone in my family, like I had never had any history with anything in terms of like brokerage accounts and, you know, investing in the stock market. Those were completely foreign in my family at that time. Like there was just no level of comfortability with that. And when you grow up black, um, and when you come from like a lineage of poor people, a lot of the way that people in my family became comfortable was through home ownership. And on paper, there are better ways to grow your wealth, of course. But for me, I'm just speaking for me, maybe not for you, but for me, owning a home worked as A for savings, B helped me get my financial life together, you know, having those struggles after having come from a two-parent house where I didn't pay really many bills. Going through that experience set me up for success and helped me figure out how to manage my money better and helped me like, you know, grow that grow that money muscle. So for me, it was still worth it.