/biz/ - Business & Finance

it's pretty sweet. just makin money while waiting for the housing market to crash
>lol it's gonna go up forever
house cucks are literally saying this because of muh immigration or something. kek

rent until the next housing crash.. lots of nips agreed that rent is better mathematically. You are giving less money to your landlord each time you pay due to inflation. Will show you the stats when i found it. The conclusion iirc its okay to rent everything since everything is at ATH now. Buy everything when they crashing..

You pay for my mortgage and give me an extra $800 on top of that.

>>17614931
This

Don’t understand why people don’t realize that paying rent is the exact same thing but worse if you’re renting a house. If you want to move you can also always rent out the current property to maintain wealth and have a passive cash flow, risks are obviously tenants tho

>>17614870
Will it be viable to rent if I make double the months rent? I’d be paying 50 on living/ 20 on food/ 20 services/ 10 savings out of my paycheck each month

>>17614931
>>17614970
>t. house cucks desperate for zoomers to buy their crap shacks at the top

>>17615064
lmfao this
imagine buying into this fucking clown market. I've got a 100k in liquid assets but live with my mom. I'll buy after all these retards that thought they could make easy money being landlords get their just deserts. My estimation is that the average house will be 80% current values within this decade, which should have happened after 2008 but didn't because of money printing. It's not going to work forever.

>>17614836
I hope it does crash but I don't see it happening
3rd world shithole's birthrates are faster than immigration rates, no matter how many we bring in there will always be more lined up behind them.
Even in areas where house prices are so far beyond what regular 2 working people can afford, immigrants of multiple families pool their income to afford it and live with those multiple families in the home.
Eventually everyone will have to live in those conditions to survive and afford rent, and homes will be so expensive that mortgages will last multiple generations.
Only choice is to pay up or move to a small area that isn't as bad (which hurts their cost of living), but good luck finding work.
This is effect of globalism.
>>17614970
Depends on the area. Plenty of places around southern ontario where rent is 1k/month cheaper than the mortgage payment if you bought today. Landlords that bought years ago when it was cheaper can afford to rent it out for cheaper, but even then the rent has limits on how much can be increased every year.
People buying today will have to rely on the market continuing to appreciate 3-4% every year to break even when renting it out, compared to buying index funds.

>>17614931
yes but I don't have to pay for:

- mortgages(you did get fixed rate right?)
- property taxes(always increasing every year)
- hoa dues(always increasing every year)
-condo dues(always increasing every year)
-turnaround work
- vacant time off market
- credit checks for applicants
- time and effort to post and show the house
-maintenance work
-trip fees
- homeowner's insurance
-rental insurance(more that vanilla home insurance usually)
- interest accrued on my security deposit(it adds up)
-legal fees from me taking you to court over mishandling security deposits/renting an unlicensed rental unit/ doing any of the 1000000 things dumb ass landlords do/try to do
-the time and money to evict someone and take them to court and hire a collection agency
- fees for rental licenses(usually 100-200 every one to two years)
- management fees if you have a PM handle this all for you(most charge alot and STILL barely understand/are compliant with their jurisdictions's rental laws)

>>17615145
You do pay for that. That's why your rent is $1100 and my mortgage is only $300. I already have healthy cash reserves set aside for all of that from 9 years of landlording.

>>17615275
I totally accept that some Landlords price certain things in, but by and large most are just as "paycheck to paycheck" as most wage slaves and total idiots to boot. Hell I just met a guy who is moving because his owner is getting foreclosed on lol.

Theres too many surprises by and large to make it attractive. Id honestly rather pay rent till I die in this inflated meth head of a market rather than have to handle mold remediation or some similar retarded tenant bullshit

>>17614801
renting is a good option when housing prices are overinflated, you're paying less than the price of a mortgage, no interest, and live maintenence free. what you don't spend on rent and bills though, should be going into investments to further increase your wealth.

I think you only need one home. Flipping/real estate is a meme with too many costs and too much work. The best time to buy is when blood is on the streets, or when interest rates are at its highest. If you are a wageslave, there is no good time to buy since whether you are at the valley or the peak, the cost of the home comes out to be the same overinflated value.

Interest rates control home prices. That is, until they don't, that's the minsky moment of falling housing prices.

>>17615461
That's just rent at market rate in the area. But yes, it's easier said than done. I got this house on a foreclosure which is part of the reason why my monthly payment is so low. I also put down 20% and had good credit. I've been cash flow positive since day 1 (although at certain times in the early days only by like $200)

2008 was an extreme example of this since real estate was in a bubble, but stocks/bonds were less so. If you held on stocks in 2008 you would have done well by now. Still the future is unknown given bank behavior and heightened volatility.

Finally, less liquid markets can take price fluctuations better than more liquid ones [such as paper markets]. The lack of liquidity in the housing market is why the spread is so high [4% of the property value when a seller sells their home]. Brokers do very well in a sellers market since they really just make money off of the spread in a slow and painful, housing price selloff.

>>17615630

This. Bought BOA for like $5 or so. Look at it now. Some of the other stocks did really well. That's when I was first getting into investing as I was finishing high school and in college. Worked a lot, didn't spend much money.

I have rental properties too, but most of mine were lower purchase/rural area. An office building I bought in a small town cost me $18k with about ~$5k in remodel and it earns me $1100/mo between three tenants because I split it up and focused on lower income renters instead of trying to rent the place out to one person. I have mobile homes, lot rents are like $100-300 a month and taxes are cheap yearly so I get easy profit because I can get at least $400-500 per month in rent for those. And the tenants don't really want a lot done. However, I don't see the point in fix&flip because too many potential issues there and you're getting a one-time profit instead of a lifetime profit.

>>17615120
yes Im sure all the jews that own the money printer AND a shitload of real estate will stop printing money, it's nice to dream I know