# Added Thoughts to My Point of View on Homeownership

## Метаданные

- **Канал:** Gary Vaynerchuk
- **YouTube:** https://www.youtube.com/watch?v=jNB-bAsS5fI
- **Дата:** 17.02.2019
- **Длительность:** 18:48
- **Просмотры:** 146,804
- **Источник:** https://ekstraktznaniy.ru/video/17987

## Описание

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: https://garyvee.com/realestate

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## Транскрипт

### Segment 1 (00:00 - 05:00) []

Gary what's up buddy how are you life is good man thank you so much for your email I have a lot of uh empathy what it takes to send an email like that and so I appreciate the feedback yeah you know I think me and you kind of have a good relationship from you know steming back to Arya through the years and you know you're an honest guy and me too and you know it is what it is yeah let me give you my take on it and then why don't you fire away with some questions based on the feedback I'm about to give you cool yeah so you know in that podcast that I gave contextually uh the way I framed it I don't know you know obviously there was clips and I don't know how many people watch the whole podcast or listen to what context I could have created that was better or building on me talking about this at agent 2021 and other places it is deeply my opinion that if that the amount that far too many people in their 20s and 30s maximize their down payment on a home right leaving them with no liquid to be able to do things with them and if they are like me like I said I right and are entrepreneurial and on the offense that there are better uses of their dollars than buying a home because in renting a home or an apartment they would take that two hit you know theoretically that two 300,000 that they're putting down on a down payment and they're putting it to work whether in their business uh building their brand through their ads or investing in the stock market right so okay that's my point of view um obviously in lie of the way you wrote the email a couple things number one uh agent 2021 first of all I think probably the most important part of this brother is I don't think that my opinion is a covering most people B it's not necessarily right it's my hypothesis of where the world's going not how the world acted in the past right number two I'm in advertising I have a $200 million advertising company and every single piece of content that I put out that you see 99. 9% of my customers do not agree with me on I'm definitely just so you know I'm definitely not one of those people obviously you know I follow you I watch you we've interacted before I believe in a lot of the [ __ ] you say and to be honest I think that you're right as far as if you're an entrepreneur in your 20s or 30s that there is you could live at home and stay with Mom and Dad and invest or or by the way or by my point is I think there's going to be an interesting emerging opportunity for people to rent homes versus buying them right 100% I mean you know I live in Miami and all of the ground up development that didn't break ground change to the rent Market I mean it you know it is what it is it's the time I think in hindsight a the big Miss was the way it was positioned by me you know the way we positioned it as a micro clip not having full context that's on me right like this is where every TNI has to be crossed in my environment these days because if I'm not contextualizing then it becomes a mass thing I mean to be frank this point of view that Chris took that you're saying in the email that like why would I take people's money at a conference that I don't believe that my personal opinion on home buying to a small subset of America has anything to do with what I should bring in value to an audience at an event in a ticket price form right you know that to me there's literally no connection I have empathy look here's what this thought and I've read all the feedback from all the real estate agents on private forums using my accounts to back chatter this thought that I'm endangering people's livelihood is the single greatest compliment of my career I mean you know I I that's laughable like like I don't have 0. 00000000 one% influence on the masses on their home buying strategy um and so go ahead I think you I think you definitely have a great influence on people I think people take your opinion um I mean you're definitely not a cult kind of guy but people definitely take your opinion and use it uh the one thing I want to point out is you know you said 200,000 I think that you know I'm not harping on that but that doesn't account for that accounts for New York City and Miami and the big markets but not across am America you're right so

### Segment 2 (05:00 - 10:00) [5:00]

by the way by the way look to me this is about a psychology and I was speaking about me right so if you're Sally in rural Iowa and you're putting down 20,000 right on $1,000 home and you've got my psychology I'm fascinated based on the back to your point it doesn't have to be that big of a down payment when the down payments are smaller the multipliers are smaller too so $100,000 home 10 years later I'm fascinated by what happens if she pays rent instead and has that 16,000 to go to work that's all yeah no and I'm not disagreeing with that and it's all scalable obviously based on the market um you know New York City obviously the prices you know real estate investment especially on the commercial side never shown a real downturn except for 2008 obviously but you know in the same sense and I just didn't understand and obviously you have to because you're so big and an Advertiser that the things that you say might be taken out of context and by the way you'll appreciate this I don't think we did a good enough job the SK so what really this is actually a change that I've made on my team the clip I'm fine with because my team's clipping and we're clipping we need to be a little bit more thoughtful we've had two incidents recently where I'm saying one thing at one point and then I'm raing my thoughts 17 minutes later and we have to be thoughtful on top of which I post everything on every platform except my daily podcast on Instagram where they take a clip and they post it what we've been doing that I think really put me in a vulnerable spot was they are naming that Meme and they're hyperbolizing I'm looking at Jason right now he sent me a clip yesterday where he said drug dealers are the best entrepreneurs he has this great clip where I don't believe that but I believe drug dealers have entrepreneurial tendencies that is a massive difference I believe that a lot of entrepreneurial on the offense 20 to 35 year olds should not put down payments on homes use that Capital to build wealth and then buy their home at 39 4244 because I have a funny feeling that home will look different and won't take them out of the game of opportunity but the way we clipped it was and the way they titled it is and I don't even remember but I think it's something to the degree of do you know one want buy a home I don't want to buy a home well that's not bad instead of instead I'll never buy home again I'll never nonetheless it could have easily said no one should ever buy a home right because the team is copywriting and doing all these things so let me say this because this is real life I'm the reason it was taken out of context I do not believe that the industry took me out of context and for that I have to deal with the ramifications that I'm dealing with right now I'm not in the business I don't have 8 minutes for my family or my top Executives I'm on the phone with you right now I appreciate that and I don't real quick I don't say that to like for you to appreciate it I'm saying that I'm willing to pay the piper when I know that I didn't put myself in the best position what did so I titled the clip I when it was poed got no wasn't there was a separate one on Twitter the one that everybody got upset about is not the one that's titled on your team account as I I'm pissed I bought a home the Twitter one has a different title uhhuh and more importantly here here's the biggest punchline I have no problem with being historically incorrect that entrepreneurs should not put their money to use and should put down it on a home because the Home Market explodes over the next 30 Years my biggest problem is that people viewed it as me trying to attack their livelihood and somehow ripping them off by throwing a conference do you know what I mean yeah you know what Gary to be honest I didn't think that at all I was just confused and I just honestly I just think it was bad timing I just think that like you know everybody was pumped up about age of 2021 it was an brother did you listen to my keynote like I addressed I I said it in the keynote that I don't think it's a good use of people's Capital right for a for entrepreneur that's right so what you know what I had the luxury of contextualizing it so what's really interesting is and others are using it for what they need to use it for right yeah I listen you know obviously everything is Tak can be and by the way by the way it is the clip is literally titled I'm pissed I own a home yeah I know so but I mean I think that's important because the manipulation of it for other people's agenda for awareness or whatever they're trying to push is something that has to be taken into

### Segment 3 (10:00 - 15:00) [10:00]

account that being said if I believe that that's what happened I would never be on this call with you I believe that we clipped in a way and to be honest with you because I'm going to go listen to the podcast this weekend I'm not sure if I did a good enough job clarifying it in the entire 45 minutes the way I'm doing it now in circum in certain circumstance where I'm historically able to put myself in a pecuri spot is when I'm hyped on stage or an interview and I make an absolute statement and don't add the little writing in the bottom and I have to understand that when those moments happen and boy am I trying to be better at it that I deserve to deal with the ramifications and and you know I mean look the craziest I mean there's so much going on I mean we're we're moving our events business from vayer to Pure wow and 137 like I've got so many different things going on like do you know what the funniest part is I pretty much like can't believe that like I have so much empathy for anybody who's upset or disappointed with me that all I want to do is be on as many 11 minute and 16c calls as I can I'm not going to be able to get all the way there but I do really appreciate the tone and the tenor of your email but I will say like in your email where it says like hey taking advantage of people for the ticket and things of that nature I genuinely don't believe that's your feelings I that's why I'm calling you it's not it was in it was in almost like uh almost rhetoric on why would you do this because this is not what you do right like that's yeah you listen your email is like I couldn't believe in us more I guess is the best thing I can say I I uh I I'm also fascinated by the ability for people to take an opinion that is a real opinion um you know there was people that said I did it for controversy I was like that's ridiculous because you know what those people are just trying to make a point and they're angry or they're frustrated or whatever they don't really know those are the people that are on the outside and don't really know that you don't do this [ __ ] for that reason but there's a really interesting part right like my as you probably know because now it's out there quite a bit my sister's a real estate agent yeah you know it was funny like I was talking to her you know this is now kind of not that this is blown over but obviously 4 days ago this was much more white heat than it is today so I just talking to normal life I guess is not on this issue and it got brought up again yesterday and I said to her I'm like sis I really believe in this like you should really become educated on what high netw Worth or like people that actually do have money what kind of homes they want to rent like I don't think I don't I'm not saying this I I believe it I believe that there will be a lot of 25 20 I believe the amount of people who in America normally would buy a home at 28 who instead are going to buy a first home at 39 that's four times the value in size of the home they would have bought at 28 is going to be far greater I really genuinely believe that and I'm not saying that to hurt people's feelings or put their livelihoods in it's because I believe it as a truth and I don't view real estate agents viewing me attacking their livelihood I view it as if you thoughtfully process it in your head and if you disagree with me then you move on but if you think there's something to it maybe you add to your business capabilities right and listen you know I'm a prime example real quick so I decided after I sold my last house to rent and invest in a beverage company and our B company is crushing it right now but that that's my personal opinion my business opinion is that if it's done the right way home ownership will always be a great investment yes but but this is not a debate if it's a great investment it's a debate of instead of looking backwards of how it's been over the last 70 years taking into account what the 20 year olds of America are thinking today absolutely abely and by the way by the way and you know and I think you need to ask yourself in the mirror if that's what you've done is your business advice predicated on what's in your best financial vested interest because one of the things that I will tell you that I'm most proud of is when I [ __ ] on television commercials and programmatic banner ads I'm losing tons of money if people were thoughtful truly thoughtful and non-emotional about what I did they would understand the level of transparency I did not consider nor will I ever consider the timing of agent 2021 or anything else because when I sell something I say to myself if somebody's going to buy this bottle of wine sneaker ticket to a conference or hire Vayner media are they getting the value that they're paying for that that's how I think about it but I'm speaking my truth not what makes me the most money no I listen I get that and

### Segment 4 (15:00 - 18:00) [15:00]

that's why what I put in the email is rhetoric because I know that's not what you did it for I just thought that it was taken out of context and it wasn't CFI on you um believing in your own opinions although you said I I I think that it went from there to kids shouldn't go to college and it happened so fast that you didn't really get a chance to explain it in Full Tilt and it was taken out of cont and by the way that's on me because guess what I've had time now to create Clarity on my College Point of View right y that if you're an entrepreneur and you're if your parents aren't paying for it and you're going to collect 150,000 in debt like hey please pay attention you're going to come out of the system by the way do you know how many people instead of buying a home and putting three 33,000 or 330,000 on a home put it into a stock or put it into Bitcoin and it collapsed the so this is about self-awareness my biggest problem or let me phrase the thing that's driving me is even a clarification within it which is the following and you know this better than I do I've just been doing a lot of homework for the last five years we have a culture where people maximize their down payment on a home we live in a world where it is stunning to me how many people almost liquidate their entire bank account for that down payment I agree with you so to me if you really like here in a thoughtful discussion the amount of people that I wish if they had 200,000 right instead of them you know buying a million dollar home buying a half so they can put a hundo down and then on the other hundo do their side hustle or some of the things that I'm passionate about if they're an entrepreneur if they think they or a good investor or they're think they can do other things with money the reality is there's a lot of people that should be doing that I'm an extreme entrepreneur I there's a reason I don't have safe investments in Wall Street Bonds in real estate it's because I want to be on the offense it makes me happy uh then there's people in the other way who will do nothing on offense but the reality is you know this it's funny my original seed for this is people are putting themselves in such vulnerable spots cuz they're giving themselves no flexibility cuz they're maximizing the down payment to buy the biggest possible house they can buy which is [ __ ] and it's happening on an everyday basis I know and that's what you know that's what the collapse is and so what I think I what I think is I think the industry needs more conversations that aren't the status quo which is I did a poor job and didn't create enough context and Clarity and so I'm going to deal with the pain of that but the industry as a whole could use a whole lot more [ __ ] thoughtful conversations yeah well maybe we'll do it on the Deep dive maybe I can't wait to see bro I'm really glad I got to reach out I appreciate your time and when you decide to get into the real estate space just make sure you call me back you got it brother take care all right bye lat let's post it everybody recorded that because I wanted to hit you know the meta nature of my recording now so I was able to have that combo and create some clarities on the lack of context and context is absolutely what I believe in and we've scaled very quickly Andy and so we um and by the way this is not even on the team that's a copy out I'm positive when I listen to the podcast on my way to NBA Allstar I just remember the mood I was in when I'm in that mood Showmanship I'm leaving a sentence or two out that puts me in a vulnerable spot and that happens in a lot of areas and I've got to be better