/biz/ - Business & Finance

Yes, normies are retarded

Only buy if the buyer premium is low/negative, buying while the premium is high is a near guarantee you'll over pay

No, it's a horrible time to buy. Lrn2illiquidshitcoin. Boomerbox is THE illiquid shitcoin, YEARLY volume is 1% compare this to something like SPY where the yearly volume is over 3000%. It takes ages for SFH to find it's price level as it's completely illiquid, do not buy now, you will unironically never financially recover.

>>53780109
>t. that's just assume houses cost $250k and mortgage rates are 3%
Most people will never financially recover from becoming a boomerbox baggie

No. Learn to opportunity cost. At current interest rates you'll have paid 77%/23% interest/principal after a decade, even with 3% rates you're still paying over 50% interest in the first decade. Fuck off with your "pissing away money" on rent, you're pissing away money on a mortgage too, and rent doesn't require a $50-100k down payment, which when properly invested easily makes up what you've "lost" (formally known as Gained) by not staking your capital in the boomerbox shitcoin

>>53612084
>if you assume something that hasn't been true for years then houses are a good investment!!
Again, the down payment alone properly invested, even if you'd bought in the nadir of the post GFC market, would be worth more than the house is worth now. "Muh savings" (which again, hadn't been true for years) is false economy, the ultimate divie trap

Buying while homeownership premium is this high is not advisable, definitely don't buy a condo, shit dumps harder during corrections and the market is less liquid