/biz/ - Business & Finance

>>18530490
>buying
>now
i shiggy diggy

>>18530490
I’m waiting for the housing market to crash so I can buy a humble house with enough property in town to have a large garden :3

>>18530504
Not buying now, but I would be buying in the future.

It just seems like the whole of renting makes no sense, so how is it sustainable.

Are people really okay with throwing away18k a year and get absolutely nothing for it?

lol whore emily tricks in my area

>>18530490
If I were to buy a house I would have to sell my links for a down payment.

>>18530490
When choosing to buy and rent you have to look at unrecoverable costs.
In most cases it is better to rent, if we're speaking exclusively in financial terms.
With renting, your unrecoverable costs are the rent and the electricity bills (and sometimes gas and water).
With buying a house your unrecoverable costs are the mortgage interest, council rates, water rates, strata levy's, and other expenses.
The recoverable costs in the house is the equity. But that is the most illiquid asset in the world.

>>18530537
You're going to get absolutely rekt, I can tell, holy shit haha.

>>18530490
utilities
maintenance
property tax
waiting 10 years to just 2x your money

or rent and use the money you would have used on a down payment and instead bought LINK and 10x before the year ends

gee i dunno OP

>>18530490
gotta live somewhere and typically where you want to live you cannot afford to buy, so you rent there instead.

as has already been said, if you do the math it's actually not much worse if at all to rent lol

>>18530490
>rent
>$1,500/mo gone
>move any time you want
>capital is liquid to deploy in other investments at any time

>buy
>property tax
>insurance
>mortgage interest payment
>maintenance
>highly illiquid
>whoops coronavirus sorry your property won't sell now
>capital is stuck in real estate when market makes big moves

p.s. don't take the mark of the beast.

>>18530490
she's been blacked

>>18530873
good

>>18530490
Owning a house is significantly more work than renting it. If you don't plan on living in the house for 10+ years or using it to make money then there is no reason to buy.

You also clearly don't know any poor people, or have any idea what they're like so enjoy dealing with tenants who fuck your shit up and don't pay rent on time.

>>18530590
T hi is

>>18530873
>>18530490
That's a man.

>>18530975
>have any idea what they're like so enjoy dealing with tenants who fuck your shit up and don't pay rent on time.
As a poor person can confirm.

>>18530490

how could I lick her juicy puzzy?

>>18530490
source plz :-/

>>18530490
Ok, I'm in Austin, TX. A decent house is 300-400k.

Property tax for that comes to more than what I pay in rent. For a lonely dude, who doesn't care much about the school district or having a larger house it just doesn't make sense.

You may say that it will appreciate in value, but I'd rather invest the money for better returns. I may move to somewhere else next year anyway. House is not a good investment.

Don’t listen to these poor cucks OP.
3.5% down payment on first time home buyer. 7k for 200k house. Rent out house and profit 200 a month. Oh look after 5 years the 200k house is now worth 250k and you now have 15% equity. Sell house for 250k so you profit 50k and you gained equity on the way. These poor cucks have no idea how to make money that’s why I have 40 million sidelined

>>18531288
Kill yourself tripnigger

>>18531288
Not to mention you can use depreciation to cover most if not all the income you get from the property. It’s literally free untaxed gains. These idiots will never understand

>>18531288
Fuck off poor tripfag
Ask me how I know you have a 5 figure net worth

>>18531288
So in theory you turned a 7k investment into 50k + ur 7k back + 20k in extra equity in 5 years. It’s the safest leveraging possible barring another Coronavirus

>>18530537
Are you 12 years old? Renters are typically low income, bad with money, or temporary living. Most of the time it’s low income and terrible with money people, so that’s who you’ll be dealing with. Even people with decent jobs can’t even save 5% to put down on a house to begin with. Go commercial.

>>18531311
>>18531300
Yea I’m poor right???
Yet I averaged 2000% gains a year in the bear market. You useless cucks never listened to my calls now your poor cucks
Pic related

>>18530490
i wouldn't buy now. might as well wait to see if we hit a recession and housing prices come down.

why do people rent? lots of reasons. they want to live in an area where housing prices are incredibly high. they aren't planning on staying in the area long term and don't want to have to deal with the hassle of trying to sell a house. they don't want to have to deal with property taxes and maintenance.

houses are incredibly overpriced and it's kind of ridiculous that we're expected to pay $500k for the same house our parents bought for $100k 25 years ago or whatever.

>>18531335
you’re 10 years to late to even be a newfag
You had that cap on deck lmao
Kys poorfag

>>18531335
>oldfag
>instantly spergs out defending himself w/ pics
pick one

(Also 2018? You have to back, bro.)

>>18531350
If you weren’t such a poor cuck. I’d let you know on the next x100 during a bull run. But now I won’t tell you

Renting out single family homes is a tricky business for this reason. Typically the renters you do get are more stable though.

Most landlords deal in multiplexes.

>>18531357

>>18531377
>2019
you gotta go back zoom zoom

>>18531377
Fuck off phoneposting larpnigger

>>18530490

Well shit, because I saw a recession and possibility of layoffs. If I knew the Fed and SBA were going to be bailing out landlords I would have pulled out 3 or 4 mortgages and applied for a bailout.

>>18530490
Women make you spend your money on rent but these days there's no return on investment on women. It's a catch 22. If you don't (((need))) pussy then congratulations. You just saved $6,000,000 in rent.

I rent.

I was thinking about buying a house in 2018. Instead I put the down payment money towards link. I am now much more financially well off than I would have been had I bought the house.

>30 year loan
>down payment opportunity cost
>upkeep
>pain in the ass if you want to move

>>18531535
Oh and property tax.

>get a mortgage at 2k13
>friends say it's bad idea blah blah blah
>2020 I've paid almost 50% of my mortgage so no worries if "markets crash" literally because it was reasonably priced back then
>meanwhile my friends rentcucked and paid over 50k€ whilst renting
>they still say renting is better with no risks regarding the rate rises etc (lmao who's gonna pay your landlord's bigger rates cuckfaggots?)
>they haven't even invested into stocks/crypto what ever in this meanwhile whilst I DCA monthly
>they literally pay more or the same about for a living per month that I do whilst I accumulate capital

Kek these people are just faggots regurgitating nonsense when they can't grasp the idea of risk/reward. Sure there are risks but why cuck yourself and pay rent for so long? They also went to college and earn as much as me whilst I do my tradie work (sparkie) with good benefits. Lmao at rentcucks.

>>18531535
>>18531546
Also only retarded people rent out anything that isn't paid off. Youll deal with a big fucking headache when the niggers you were not allowed to turn down decide they're not paying their rent for a few months and you can't evict them

>>18531573

Also forgot to add, they don't have mortgage but think nothing of student debt. Giga kek.

Buying a property in a nice area is far too expensive. So I rent in a nice area and when shit hits the fan, like right now I don’t pay rent. If my LL attempts to evict me in the future for past due rent I’ll just move apartments. It’s good to be a tendie.

>>18530490
Please explain to me how I'm supposed to make $70,000 for a down payment on a house and hold down a $50,000/year job to qualify for the home loan when I'm living in the fucking street for ten years.

>>18531581
I don't get this, how would you not be allowed to turn down nuggers or literally anyone you don't want? I rented a few different times and I always had toeet with the property owners (or manager in one case out of the three) and they asked for so many things and wanted to talk like I was applying to be part of a top secret team that it doesn't make sense to me how you couldn't just be like 'oh sorry but someone else who applied first has submitted everything to rent the property' or whatever

>>18530975
Seriously this, by well managed REITs. You will have so many more reasons to wake up in a bad mood as a "small business" owner.

Also the amount of cash flow and leveraging required to get the proper management team in the first place isn't something you want to get caught up in unless you are actually rich.

>>18531331
Bullshit I rent several properties and my landlords love me. I use one to store the products, another to store the cash, and I sleep in one mostly. that's not including my storage units.

Yeah I used to be bad with money and my credit score is mid 400s but I have plenty of cash but nobody will sell you a house for cash anymore. Hard enough to get a car, they try to run your credit before you pull out the bankroll.