/biz/ - Business & Finance

>>14774536
Good job, it's almost time. You'll start to see it was a wise decision in just a couple months. This shit is going to have a nice flash crash. I recommend buying at the very beginning of next year, like January or February, that should be around the bottom.

Ignore these retards man... even if there's a crash the value will go back up in a short while

>>14774536
>taking financial advice from a Mongolian basket weaving forum
never going to make it

>>14774536
2032 my friend

>>14774536
depends on your situation and if you are able to pay the mortage even if the economy goes to shit.

1. secure job
2. duration of payment
3. interest

having debt isn'T a bad thing if inflation goes up due to money printing.

stocks will peak at 2032
boomers will cash out after racing to sell their 2nd and 3rd homes
you can buy their house and then short their stocks at the same time

pic related doesn't line up perfectly but the correlation is pretty interesting
prepare for parabolic dji moon
remember 2032
and take note who gets elected as US president

>>14774617
that's so damn stupid
this is a new lower low even for /biz

>>14774599
so that means, i can buy a home for the next 10 years. because home prices will continue to rise in the next decade.

>>14774573
>>14774599
>>14774617

The 2032 prediction fails to take into account the generational aberration that are the boomers. It's a fair observation of the market, but falling house prices today are encouraging boomers to sell off their overvalued homes early to ensure they can still afford a caravan and money to party until death.

>>14774586
Investing money and not having debts is way better
Imagine sleeping at night knowing you can’t do shit in your life cause you are locked in a cuck contract that force you to pay several thousand dollars per month to support an exaggerated lifestyle you cannot afford or buy an overpriced wood box next to your wagecucking box

>>14774703
you fail to realize they will be retiring in droves over the next 10-20 years

>>14774536
The way I see it, if house prices are bloated, the only viable thing to do is categorize house buying as a luxury expense.
And luxury expenses are fine, as long as they're not an overly significant amount of your capital.
So up until you can comfortably purchase a home with, lets say, no more than 50% of your capital, it seems like a sub optimal decision. That's how I see it though.

This is assuming renting is cheaper than mortgage, it's at least a by a little for me (for the full fuck me in the ass for 30 years mortgage plans)
Add on top the immobility of living in a home you own, you're restricted to employment in a certain radius
>just rent it out
that's simpler said then done and possibly won't 100% pay for itself, or not 100% of the time
also the idea of paying the bank at least 2x of what the house actually costs is soul crushing
Imagine waging knowing that a ~quarter of your time is working for free, for the bank.

Everything within reason though, it depends on a lot of things, getting a house is a good idea for some people in some situations

>>14774703
>>14774735
after having been born in huge numbers all at the same time when their parents came home from ww2
80~ years after ww2
use logic

>>14774736
Mortgage payment goes down over time due to inflation. Rent only goes up at levels far exceeding inflation. Inflation also means you're not paying the bank twice what the house cost. You're actually paying far less than that because the dollars you pay become more worthless over time.

>>14774663
For real. WTF, anon.