The Cost of Buying a House You Can’t Afford

What’s said in this shiur

The opening of this shiur, in Rabbi Yitzchak Breitowitz’s own words — taken from the captions, so names and Hebrew terms may be approximate.

Everybody today seems to have a house, an addition to their house, a renovation, a driveway full of cars, and a lot of people are wondering, how are they doing it? And maybe the bigger question is, am I supposed to be doing it, too? What you're about to hear is not a conversation about getting rich quick, investing in some crazy deal, or how to buy your dream home by the age of 27. It's a very real conversation about pressure. The pressure people feel from family, neighbors, schools, communities, and sometimes from themselves. Be Elazar Gortzman has become someone many people Gortzman has become someone many people turn to for guidance. He speaks very honestly. He was a guest in the past and his words have been listened to by hundreds of thousands of people across the world. In this episode, he talks very openly about buying homes, living within your means, debt, budgeting, newer neighborhoods. He's a rabbi in Lakewood, financial stress, and the things people don't always think about until it's too late. There were moments during this interview which took place in Lakewood, New Jersey, courtesy of the LRRC. You'll hear more about them, and LRRC. You'll hear more about them, and you could feel the room get absolutely quiet. I think it's because people deep down know exactly what he's talking about. You'll know what I mean. Listen closely and enjoy. Shalom, Rabbi Gwtzman. There's about a 100 more people than I'm used to during a podcast, so bear with me. I'd like to begin by getting the RV's thoughts. Uh if he if if Rabbi Gwtzman was 25 35 years old looking to buy his first home, what

Jump to a moment

1. 0:00Everybody today seems to have a house, an addition to their house, a renovation, a driveway…
2. 5:41eyes. I see the houses." Whether it came through credible means, easy means, whatever means they…
3. 11:17him the finances to be able to live with a little bit of comfort and then…
4. 17:26homes. No one even knew who the landlord was and who the tenant was, right? One…
5. 23:36big pioneers and are living in neighborhoods that didn't exactly turn out with the crowd that…
6. 29:45person goes, let's say, and buys a home somewhere in Jackson for 15,500 square feet and…
7. 35:26realize that $25,000 is going to discretionary spending because my manification which was and then to…
8. 41:35learn is to listen and to respect and to understand that our spouse has a point…
9. 49:17Because it got to the point that CO tests became obsolete and the risk became too…
10. 54:57We're talking about having and figuring it out and just getting it just right. Um it's…

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