/biz/ - Business & Finance

>>58547309
>investing cash in housing

lmao, you buy with as little down as possible you retard

the only play in housing is leverage, the government isn't going to give you hundreds of thousands to go play the crypto casino, or the stock market, but they'll give it to you if you buy a house

you can buy with 3% down, but it gets better, you go into one of those "first time homebuyer programs" who pay the 3% down payment for you as long as you live in it for 3-5 years, so you can basically get a home for free

then there's the equity gain, from 1963 to 2004 home prices have risen on average 5.68% per year, so after 3 years you have 18% equity which drops PMI from your mortgage saving you even more money

so you buy a 400k house now, pay nothing to move in, in 3 years its worth 472k, rates fall and you have 20% equity so you refinance, then you rent it out to some moron who pays your mortgage off for you and gives you extra cash per month

and it's not just the ~25k/year in equity gains, you get massive tax deductions. the interest you pay is tax deduct-able. the property tax you pay is tax deduct-able. if you convert it to a rental, you can deduct depreciation, maintenance, repairs, management fees, etc., literally all the income is going to be tax free after deductions

>>58495591
You don't save for a house. You buy it with as little money down as possible.

I paid a $113 to move into my house. Bought in 2018 with a 6% interest rate. Refinanced in 2021.

>>58116918
You don't pay cash for real estate. You buy with as little money down as possible.

The property appreciates, interest rates go down, you refinance, and then you rent it out.

>>57702595
You lose