making it anymore."

再也不做了。"

Real estate is one of the oldest industries in the world.

房地產是世界上最古老的行業之一。

It's not a coincidence that we have been told that a house is the best investment you can

有人告訴我們，房子是你最好的投資，這並不是巧合。

ever make.

曾經做過。

Of course, in the 21st century, we have far more investing tools than generations before

當然，在21世紀，我們擁有比前幾代人多得多的投資工具

us had.

我們有。

Derivatives, options, bonds are no longer the instruments that only the rich have access

衍生品、期權、債券不再是隻有富人才能使用的工具。

to.

到。

With a simple investing app on your 200 dollar smartphone, you can start trading stocks.

只要在你200美元的智能手機上安裝一個簡單的投資應用程序，你就可以開始交易股票。

And besides, best-performing investments are not even coming from the rich but from the

此外，表現最好的投資甚至不是來自於富人，而是來自於

bottom, such as the Cryptocurrencies that are challenging the status quo.

底，如挑戰現狀的加密貨幣。

Regardless of all of these investments, real estate still remains the king of investments.

不管所有這些投資，房地產仍然是投資之王。

Because unlike anything else, it simple, you can touch it, and easy to understand.

因為與其他東西不同，它很簡單，你可以觸摸它，而且容易理解。


 You don't have to look far for some evidence,

你不需要到遠處去尋找一些證據。

once worlds richest man, bill gates is also pouring millions into real estate,, Bill Gates

曾經的世界首富比爾-蓋茨也在為房地產傾注數以百萬計的資金，，比爾-蓋茨

now is America's Biggest Owner Of Farmland.

現在是美國最大的農田所有者。

he purchased 242,000 acres of farmland across the U.S. — enough to make him the top private

他在美國各地購買了242,000英畝的農田--這足以使他成為美國最大的私營企業。

farmland owner in America.

美國的農田所有者。


 But regardless of how great this market is,

但不管這個市場有多大。

it still goes through ups and downs, and if you end up buying a house when the market

它仍然經歷著起伏，如果你最終在市場上買了一個房子

is at its peak, you are going to lose because sooner or later, the value of your house will

處於高峰期，你將會失去，因為你的房子的價值遲早會消失。

crash.

崩潰。

And there is a huge difference between buying a house and investing in real estate.

而買房子和投資房地產之間有很大的區別。

They might look as if they are the same thing, but your needs usually do not align with what

它們可能看起來好像是同一件事，但你的需求通常與你的想法不一致。

is better from an investing point of view.

從投資的角度來看是更好的。

So as a real estate investor, I want to share with you why millennials should not buy a

是以，作為一個房地產投資者，我想與你分享為什麼千禧一代不應該購買一個

house, or at least, if you are buying a house, you have to consider all these factors that

如果你要買房子，或者至少，如果你要買房子，你必須考慮所有這些因素。

I am about to share with you.

我即將與你分享。

So give this video a thumbs up, and let's jump right into it! 

是以，請為這段視頻豎起大拇指，讓我們直接進入正題吧!


 Bidding is a bad sign.

競價是一個不好的跡象。


 A house with an asking price of 3.5 million

一所要價350萬的房子

dollars was sold for 4.5 million dollars because the seller received 7 offers, and the price

美元的價格以450萬美元售出，因為賣家收到了7個報價，而該價格

bid kept rising to the point where the house was sold for an extra million dollars.

出價不斷上升，以至於房子多賣了一百萬美元。

If you are the seller, that's a good sign.

如果你是賣家，這是個好跡象。

If you are a buyer, then you might be wondering whether it worth paying an extra million dollars

如果你是一個買家，那麼你可能會想，是否值得多付一百萬美元？

or not.

或沒有。

And this is not a single case.

而這並不是一個單一的案例。

It's happening all across the market.

這在整個市場上都在發生。

Even when it comes to houses that cost just a few hundred thousand dollars, people are

即使涉及到價格只有幾十萬美元的房子，人們也在

overpaying by 30, 40, or even 50 percent just to be the one who is going to buy that house,

多付30％、40％甚至50％，只是為了成為那個要買房子的人。

and that's normal in a market when there is a shortage of houses.

而這在房屋短缺的市場上是正常的。


 This graph explains it all (show it from the

這張圖解釋了這一切（顯示它從

year 2000).

年）。)

It illustrates the number of Monthly Supply of Houses in the United States.

它說明了美國每月房屋供應的數量。

Starting from 2010, when we got out of the last housing crash, the supply of houses was

從2010年開始，當我們走出上一次住房危機時，房屋的供應是

at a stable rate, so house prices grew steadily, but there is a clear sign of how the number

在一個穩定的速度，所以房價穩步增長，但有一個明顯的跡象表明，如何在數量上

of houses in the market dropped significantly in April 2020.

2020年4月，市場上的房屋數量大幅下降。

And even though we are almost out of this pandemic and the future seems a little more

儘管我們幾乎已經走出了這場大流行病，而且未來似乎更多了一些

predictable Than it was a year ago, the number of houses didn't increase much in the market.

可預測 比起一年前，市場上的房屋數量並沒有增加多少。

And that's probably because the sellers are looking at how fast home prices are rising

而這可能是因為賣家們正在關注房價上漲的速度。

and are like, "why should I sell when I can wait and keep getting wealthier doing nothing

他們認為，"我為什麼要賣掉，因為我可以等待，並且什麼都不做也會變得更富有。

unless I will get an offer that's really good?

除非我將得到一個非常好的報價？

I am not selling."

我不是在賣。"

That's why in a single year, home prices rose by 17 percent.

這就是為什麼在一年內，房屋價格上漲了17%。

In a single year, home prices rose as much as they did in the last ten years.

在一年中，房屋價格上漲的幅度與過去十年一樣。

That's a good reason not to sell.

這是一個不賣的好理由。

It's psychologically difficult to convince yourself to sell when everything is rising.

當一切都在上升時，要說服自己賣出，在心理上是很難的。

It really doesn't matter if it's a stock, bitcoin, or crypto.

如果是股票、比特幣或加密貨幣，這真的不重要。

When it's rising, for some reason, you imagine it's going to rise forever, and if it's falling,

當它在上升時，出於某種原因，你會想象它將永遠上升，而如果它在下降。

you imagine it's going to fall forever; that's why people often quickly sell to minimize

你想象它將永遠下跌；這就是為什麼人們經常快速出售以儘量減少損失。

losses. 

損失。

Most people are short-term thinkers and not long-term thinkers.

大多數人都是短期思考者，而不是長期思考者。

In these kinds of times, I like to remember what Warren Buffett said once: be "fearful

在這種時候，我喜歡記住沃倫-巴菲特曾經說過的一句話：要 "敬畏

when others are greedy, and greedy when others are fearful."

當別人貪婪的時候，我就貪婪；當別人恐懼的時候，我就恐懼"。

Now is the time when everyone is greedy.

現在是每個人都很貪婪的時候。

I am not saying there is going to be a crash or how much more prices are going to rise.

我並不是說會出現崩盤，也不是說價格會再漲多少。

All I am saying is that just take a look at what's happening in the market.

我想說的是，只要看看市場上發生了什麼。

Do you think you can find a good deal?

你認為你能找到一個好的交易嗎？

A good deal is to when the house price is at least slightly lower than markets average

當房價至少略低於市場平均水平時，就是好的交易。

so that you can renovate it, it will rise significantly in value, or you can rent it

這樣你就可以對它進行裝修，它的價值會大幅上升，或者你可以把它租出去。

out for a much higher price or at least a deal that's not above the markets average,

出一個更高的價格，或者至少是一個不高於市場平均水平的交易。

but that's never going to happen when you are in a bidding war against dozens of other

但當你在與其他幾十家公司進行競標時，這是不可能的。

buyers. 

買家。


 Don't get me wrong, owning a house is far

不要誤解我的意思，擁有一棟房子是很重要的。

better than paying rent your entire life, especially if you are going to live in the

總比一輩子付房租要好，特別是如果你要住在這裡。

same area for a long time, even though homeownership comes at a higher price.

長期以來，在同一地區，儘管擁有住房的代價較高。

It includes renovation and other expenses.

它包括裝修和其他費用。

However, you also have to consider the opportunity cost.

然而，你也必須考慮機會成本。

This is the cost that people don't count at all when they are thinking of purchasing a

這是人們在考慮購買時完全沒有考慮的費用。

house.

房子。

Every penny you use to buy a house is a penny that could be invested elsewhere like the

你用來買房子的每一分錢都是可以投資在其他地方的一分錢，例如

stock market, bitcoin or anything else, including your own business.

股票市場、比特幣或其他任何東西，包括你自己的生意。

But let's take something more stable like the SP500.

但讓我們採取更穩定的東西，如SP500。

An index fund that invests in the top 500 US companies.

一個投資於美國500強公司的指數基金。

It usually grows by around 10 percent in the long run, but lets be a bit conservative and

從長遠來看，它通常會增長10%左右，但讓我們稍微保守一點，並且

take 8 percent, just to be safe.

為了安全起見，取8%。

When you take a mortgage, it's a 30 year investment, you are going to become a homeowner, but you

當你接受抵押貸款時，這是一個30年的投資，你將成為一個房主，但你

have to keep making your monthly mortgage payments.

必須繼續支付你的月度抵押貸款。

So let's take a look at what if you invest that money instead and rent a place.

是以，讓我們看看，如果你把這些錢改成投資，租一個地方，會怎麼樣。

Let's take a 300K dollar house.

讓我們來看看一個30萬的房子。

With a 20 percent downpayment and 3 percent mortgage rate, you are going to pay 1017 dollars

以20%的首付和3%的抵押貸款利率，你將支付1017美元。

per month.

每個月。

That's significantly cheaper than renting since that house would be rented out for at

這比租房要便宜得多，因為那套房子的出租價格為

least 2000 dollars.

至少2000美元。

But if you count property taxes (300 USD), renovation which is another 1 percent of the

但如果算上房產稅（300美元），裝修又是1%的費用。

total price of your house ( 300 USD), insurance which let's say another 100 dollars, you will

你的房子的總價格（300美元），保險，讓我們說另外100美元，你將

end up with 1700 dollars. 

最終獲得1700美元。

Not bad.

不錯。

Buying a house still looks like a far better deal.

買房子看起來仍然是一個好得多的交易。

But now, let's count the opportunity cost.

但現在，讓我們算算機會成本。

That 60K dollars you paid upfront as a downpayment, let's say you are going to invest it in the

你預先支付的6萬美元作為首付，假設你打算將其投資於

sp500, and as I said earlier, we are going to be conservative and take just 8 percent.

sp500，正如我之前說的，我們將是保守的，只取8%。

With the compound interest, it will grow to 603,759 dollars or 1677 dollars a month, which

加上覆利，它將增長到603,759美元或每月1677美元，即

makes your real cost of ownership 3377 dollars.

使你的實際擁有成本為3377美元。

Of course, the price of your house is also going to rise but if we have learned anything

當然，你的房子的價格也會上升，但如果我們已經學到了什麼的話

from 2008 crises, home prices can also crash.

從2008年的危機來看，房價也會崩潰。

Especially since home prices had risen by 17 percent last year, only time will tell

特別是由於去年的房屋價格已經上漲了17%，只有時間才能說明問題

you how this astronomical rise is going to end.

你這個天文數字的上升將如何結束。


 But in order to invest in the stock market,

但為了投資股市。

you have to understand how the stock market works and that means you have to spend months

你必須瞭解股票市場是如何運作的，這意味著你必須花幾個月時間

to master it!

來掌握它!

But I have some good news for you.

但我有一些好消息要告訴你。

I have spent years investing in the stock market and to save you time.

我已經花了多年時間在股市投資，為了節省你的時間。

I have summarised all my experience in the stock market into a short, straightforward

我將我在股市中的所有經驗總結成一個簡短、直接的

fully animated course and the best part is that it's available on skillshare and you

完整的動畫課程，最好的部分是，它可以在技能共享上獲得，而且你

can get it for free if you use the link in the description.

如果你使用描述中的鏈接，可以免費得到它。

At the end of the course, there is an assignment that I will personally check and provide you

在課程結束時，有一份作業，我將親自檢查並提供給你。

with a feedback.

與反饋。


 Anyways.

不管怎麼說。

Buying a house isn't always a bad decision.

買房子並不總是一個錯誤的決定。

In fact, it can be a great decision, especially when you are setting down and building a family.,

事實上，這可能是一個偉大的決定，特別是當你正在建立一個家庭。

but right now, when we are getting out of the pandemic, we are not sure if we are going

但是現在，當我們走出大流行病的時候，我們不確定我們是否會

to continue working remotely or we are going to get back to how everything was pre-pandemic,

繼續遠程工作，否則我們將回到大流行之前的一切。

when there is a bidding war in the market.

當市場上出現競價戰的時候。

Finding a good deal has never been more difficult.

找到一個好的交易從未如此困難。

Especially all the headaches you have to go through when buying a house.

特別是買房子時要經歷的所有頭疼問題。

You might buy a house now and then realize a year later that it was a mistake and life

你可能現在買了一套房子，一年後才發現這是一個錯誤，生活

is getting back to normal, so that house that seemed attractive during the pandemic is no

正在恢復正常，所以在大流行期間看起來很有吸引力的房子現在已經沒有了。

longer that attractive.

不再那麼有吸引力。

And who knows where the market is going to be at that time.

而且誰知道那時的市場會是什麼樣子。

Chances that you will lose money on that house is way higher than you make money.

你在那所房子上賠錢的機會比你賺錢的機會高得多。


 And now it's your turn to let me know in the

現在輪到你了，讓我知道在

comments below what do you think about buying a house now?

下面的評論你對現在買房有什麼看法？

Is it a good time or its better to wait until things calm down?

現在是個好時機，還是等事情平息後再做比較好？


 If you have enjoyed this video, You will also

如果你喜歡這個視頻，你還會

enjoy this custom playlist that we have created specifically for you that has our most popular

欣賞我們專門為您創建的這個定製播放列表，其中有我們最受歡迎的

videos on business, investing, and the stock market that can potentially change your life.

關於商業、投資和股票市場的視頻，可能會改變你的生活。

And now give this video the thumbs up that it deserves, and make sure to subscribe if

現在給這個視頻豎起應有的大拇指，並確保訂閱，如果

you haven't done that yet.

你還沒有做到這一點。

Thanks for watching and until next.

謝謝你的觀看，直到下一次。