Buying a house is probably the biggest financial decision you’ll make. In this video, I share the exact framework my wife and I use to decide whether we’re ready to buy — and how you can apply it to your own situation.
What You’ll Learn:
The Three-Layer Test:
- Layer 1: The Math Test — Understanding the real costs beyond just the mortgage (property taxes, insurance, HOA, maintenance, closing costs) and whether you can afford it comfortably without stretching your budget
- Layer 2: The “Hell Yeah or No” Test — Making sure both the numbers AND your emotions are aligned before making such a major decision
- Layer 3: The Risk Test — Identifying the risks of buying vs. renting, understanding what you can handle right now, and how to mitigate those risks
Key Insights:
- Why Warren Buffett still lives in his $31,000 house from 1958
- The hidden costs of homeownership that most people overlook
- Why “you’re throwing money away on rent” isn’t always true
- Real stories of people who bought too soon (and paid the price)
- How to know when you’re actually ready to buy
- Why waiting for your “hell yeah” moment beats following someone else’s timeline
You don’t need a house because it’s the new year, because rates are low, or because everyone else is doing it.
You need to buy when the math and your gut are aligned — and when you can afford it without threatening your family’s financial security.
Keep moving forward!
Alex
PS: Are you buying or renting? What’s your plan? Let me know @thealexisidro
