/biz/ - Business & Finance

rent yourself a nice place
let the landlord worry about fixing the fucking toilets

The only reason to get a house is because your wife wants one. Besides that if you're young that house will tie you down to one city and it will be financially painful to move for a better job

>>19311809
imagine ripping your loyal landlord off

>>19311848
Based and redpilled

>>19311809
Buy a duplex live in one half rent out the other half. Or if you live somewhere where prices are low get a big house with a basement suite and rent that out.

You autist claim (and I agree) that there is massive inflation. Might as well put that inflation on your side leverage your self to the tits with debt and in 10 years a million with literately be nothing

>>19311848
>stability bad

>>19312034
It's not bad for someone who is married with children. It's bad for someone who hasn't made it yet to stay in bum-fuck suburbia where the best they can do is become a walmart manager

You should buy a business and use your youthful vitality to make it more profitable, rather than hoping for your wooden box to moon over 50 years.

>>19311809
you should buy land and build a small home for 20k

>>19312065
>moving away and severing ties from immediate family and seeing them once a year so you can live the wagie big city life is totally cool and normal

>>19312102
It's better than sitting at home with your parents asking for an allowance to donate to twitch streamers

If you aren't going to move (or if you're in a location with good job prospects), you buy a house. If you're likely to move, rent, but look to get into a position where you won't move as fast as possible.

>>19312034
Move jobs in 3 years and get a 30% raise. Fuck Boomers and corporate loyalty / slavery

>>19312134
>assumes everywhere is nowhere and one must move somewhere
>assumes if you don't move somewhere you're a simp
>gets BTFO twice in thread, doesn't even blink

>>19312253
Chances are if you were raised somewhere with two parents and aren't some retard from a broken home, those parents moved to a low COL area to afford to raise a family. Don't get mad because I described your life. Take a hit, be somebody

>>19312253
Uh yeah heres your you lmao seething from that twitch comment

>>19312134
I think i'll stay in my 100% white village near my family
where i don't get mugged or stabbed on the way to work by a subhuman in the wagie cattlecars
my wife can be shamed and shunned by her and my family should she even consider fucking the neighbours dog
my kids don't get bullied/raped at school by a gang of rabid pakis
and i have support from family should i need it
city livin can't compete

>>19311809
>Do you see yourself living in your currently shithole?
Buy
>Wanna keep your options open and see yourself out of your current shitjob?
Rent

>>19312431
ok europoor you can stay in your poverty life. I'll go live in a city for 10 years, make it, then buy a mansion in your little village

>>19311809
Buying a house allows you to do enjoyable home improvement projects like gardening and building. Not only do these build value in the home but they're good exercise and fun to do. Renting means you're beholden to a landlord which sucks ass. Either way you're paying a sum per month, why not sink it into a permanent asset you can sell later or pass onto your children?

By the time i am 30 ill be able to buy a house in cash. Then im going to use that equity to get another house. I will rent them both out, pay off the second house within 3 or 4 years, then do it again with a third payong off each house fast and faster.. by the time im 40 ill be able to own at least 6 properties fully paid off. So thats my plan as a 25 year old.

>>19312652
>10 years
you won't save jack shit in that timeframe

>>19312729
Don't do this. If you own the house outright keep it isolated from speculative investments. That's your home dude, keep that shit separate.

>>19312778
but i want passive income.

It really depends. Overpriced house is worse then rent + extra monthy cash to invest. Here is decent video putting it all together.
https://www.youtube.com/watch?v=NZR_vMTLfIk

>>19312431
I grew up in suburbia in a white and conservative area and I still got bullied and molested.

>>19312798
Get a buy-to-let mortgage, see how that goes, then borrow against that.

Keep what is yours completely separate.

>>19312847
yes it can still happen but it's practically guaranteed with diversity

>>19312752
I'm an American. I make six figures @ 22, and I'm taxed less than you

>>19312852
ill look into it. thanks for the advice fren

>>19311809
Condominium

$1m condos rent for $2000 a month in my location. You would have to be an idiot to buy.

Buy. Duh. Renting you have nothing. Imagine not leveraging your money.

If you cant rent a room on your parents basement. You should buy

>>19313206
>throw 2k EVERY MONTH into the void
are you retarded?

>>19313813
Better than $3000 every month in interest alone.

>>19313206
i dont believe that

>>19314072
stupid mortgagecuck can't do basic math?

>>19313813
If you're buying a 1m condo the taxes + condo fees + insurance + random shit adds up. In Toronto people have been fomoing into condos for years depsite the rent not carrying even the mortgage

Buy, cash. So no matter what you do you at least have a place to live.

>>19311809
>25
>never gonna make it
I just want to live in California on the beach bros. I want to see the ocean :(

>>19314780
>want to live in California
ngmi
no sane person actually wants to live there

>>19314085
Where do you live that 1m condos are being rented for 2k a month?
In the areas I've lived that just about gets you a 1k square foot apartment in a black/Spanish neighborhood
Meanwhile buying the apartments outright is 100-150k
Right now I'm renting because one I think there's a chance property prices fall and two I'm too young to be tied down to an asset it'd be too great if a cost

>>19311809
buy at the bottom, rent until the top and sell the top