/biz/ - Business & Finance

>>16030650
Nigga, this is a hotel room

None, ideally.

If it's more than 25% you're out of your mind.

And that's considering AFTER tax pay.

>>16030661
>He doesn't live in a hotel and have Juanita wash his bed and dishes

General rule is 1/3. I spend like 1/2 because I'm too lazy to work more and don't spend much.

>>16030650
Here is a handy guide fren.

>>16030661
>Dis nigga never been to Japan.

>>16030680
>Donations $615
>spends wisely

>>16030650
200%

>>16030699
YES GOY, DONATIONS, SOON WERE GOING TO HAVE A MANDATORY REMEMBA THA 6 MILLION TAX!!

>>16030672
>>16030677

The general rule is indeed a Max of 1/3 of pre-tax income, but more ideally less than 25% of post-tax income. The problem is most people responsible enough to rent an apartment with just 25% of post-tax income are smart and wealthy enough just to buy a house, so this pool of renter's is small in comparison.

>>16030699
Consider that you have a social responsibility to those less fortunate than you.

>>16030650
these made up rent rules only work if you live in the middle of nowhere

t. someone living in a major us city who refuses to spend half his life in a car commuting

>>16030767

Do people who are more fortunate than myself donate to me? It's all relative, who decides who has it worse in life?

>>16030650
0%. You don't want any debt either, this will ensure that the bank will lend you up to 56.99% Debt Sevice to Monthly Income to buy rental properties. For example, if you live with your parents and make $120,000/yr ($10,000/mo), the bank will lend you up to 56.99% on a 1-4 unit property with 3.5% down. That means like $5699/mo of debt service.

So you can get a $1M+ property in a low property tax state, and you only need to occupy 33% of the property for 1 year to satisfy the loan covenants.

>>16030767
>"SOCIAL RESPONSIBILITY"
>Spends wisely

My tax dollars already help those less fortunate than me. Why should I pay more than the government says I need to?

>>16030650
Is this Toronto?

>>16030802
You wouldn't understand as a non-white.

>>16030799
Ideally renting 66% of the unit covers the mortgage but even if you have to pull ~$1K/mo out of pocket for the first year until its fully rented, you can theoretically be retired in 2-3 years.

>>16030815
Airbnb for even more gains ofc.

>>16030799
>>16030815
so live with your parents while making $120k and dont spend a dime for 3 years and you can retire? this is so far fetched

>>16030799
Why doesn't the bank just buy the house themselves?

>>16030799
Most people don't make 120k a year to buy a property.

>>16030814
>It's honorable to in any way fund the destruction of your own civilization

I only donate to to organizations that are able to give me something of equal value in return. I call it capitalism, and unlike all the other systems that are based on anti-biological notions of social do-gooding, it actually works to reduce suffering in the real world.

>>16030802
Taxes are the MINIMUM you should offer.

>>16030788
No, you have plenty enough. Your donations are for people who have almost nothing.

>>16030650
rule of thumb is nothing over 30%. In truth, even that is shit. Imagine a third of tour paycheck after taxes going for a fucking roof over your head. 1/3 of a job is paying for a fucking home. Wtf??

>>16030751
That leaves most of the working class to live in storage units, the cognitive detachment here is kinda unreal

>>16030925
Could always move to a poorer neighborhood to save on rent, but people usually hold onto staying in better locations because of all the extra benefits and opportunities. Comes down to personal choice 98% of the time, and most of the time, people will pay out the ass to not have to live with the next social strata below them. It's just how people are.

>>16031108
>nobody wants to live where they'll get robbed by niggers the moment they leave their home
No fucking shit

>>16030680
Where do I find a house keeper for $1 a day?

>>16031134
>nobody wants to live where they'll get robbed by niggers the moment they leave their home

Yeah, and the only reason they aren't in your neighborhood is because they can't afford to be there. If you want safe working class neighborhoods back, the most effective thing your could do is campaign against section 8, which is effectively a program to diversify safe white working class locales. If your problem is with landlords, why don't you become one and be the change you want, that's what I did.

>>16031193
or just move to >95% white cities/counties

>>16031160
Marry one?

>>16030751
love this gif

I put in 25% of what I make after taxes and I still can't seem to save fast enough. Pay 500 for rent. Billz/live/bullshit stack fast don't forget.

Do most people with nice houses just inherit them?

>>16030855
Reserve requirements, scalability, management issues. If you're a NEET, you can do minimal work to keep tenants/guests in check and find a good deal. To a bank $1M is chump change, and banks would rather underwrite loans and resell them to GSEs for guaranteed profit.

>>16031207
In a few years none of these places will be homogeneous anymore, because the Fed is specifically targeting these places with pilot housing voucher programs. The idea is they wont let the leeches choose to stay in their own ghetto anymore, they have to move to "opportunity areas". The main advantage for them is that eventually nobody will be able to point to a neighborhood and ask
>I wonder if the fact that everyone who lives there is white has something to do with the lack of crime and good social cohesion?
We will all get to live in the same low-trust, high crime, poor school performance shitholes as everyone else, and by then it will be "normal" and they will have to rename our country North Brazil.

>>16030751
This is a comfy gif
Do you have any more?

>>16031686
But that's racist.