/biz/ - Business & Finance

"Equity" is meaningless if you're in debt and cash flow negative after you buy into your house. Sometimes, from a cash flow perspective, renting makes perfect sense.

If you can give up your gay sex and immigrant food you move somewhere nice a buy a hoyse

>>19328728
Just buy a house in Ukraine and retire lmao

>>19329023
I could, I have family in hungary, would just have to convince my wife to move there and neet all day...

But she wants to stay here for children and their education....

it's "made it" money when you are single, but not with family.

you're likely to be able to put that 500k to work and probably have positive cash flow while renting, so I would just rent. besides, honeownership includes maintenance and repair costs which nobody talks about, but if you rent and sonething breaks, it's not your problem.

>>19329099
Then rent for now, until you have enough invested to retire as a family. Also, your children will have a great education in Ukraine.

>>19328728
>rent is 1500
>equivalent house is 700k

That's absolute bullshit. If you want to have this conversation, provide is with accurate numbers or with an area.

It can be cheaper than owning a home if your unit is rent controlled, if you're not then basically you use a low interest mortgage to get leveraged investment gains.

Example:
Take out a mortgage for 700k house, paying 140k down, 560k loan at 3%. Say the house goes up at 2% per year which is the typical inflation rate. What you bought, next year is worth $700kx1.02 = $714k is a 10% return on the 140k but are paying off the 560k loan at 3%, so the average return works out to around 7% on the initial $140k.

>>19329268
https://www.numbeo.com/cost-of-living/in/Munich

Munich is insane, also: https://www.ft.com/content/9ba4873a-60f3-11e9-9300-0becfc937c37

>>19328728
Buy less house, if possible a duplex in the same price range and rent half until the mortage is done, then either flip it or start knocking down walls and turn it into one house.

>>19329344
700k is an apartment, a house would be 1 million+

>>19329364
Aw man my brain doesnt work good in euros. Still if you have cash to put down a property woth multiple units is almost never a bad buy.

Well, you dont HAVE to put the whole nest egg into the house, you could do like 20%/ 140k down so you own, sock 300k into an investment fund that beats the housing market, and keep 60k cash for a rainy day?

>>19329284
it is basically rent-controlled, as the law in germany is very much on the side of the renter.

So as long as I live there, the landlord will not be legally allowed to increase the rent price (unless the rent per month is less than the average in the area, but that will take a long long time).

the only possible problem is that if the landlord wants to live in that apartment himself, you have to leave it (with 9 months notice)

>>19329169
I was always told to estimate 3% value of the home in nonmortgage costs:
>1% property tax
>1% for homeowners insurance
>1% for repairs and maintenance

Nobody ever seems to account for the last two when they're running numbers.

>>19329428
that actually sounds good, I'd still want to wait for some kind of market correction, as the city I live has been named the global city with the highest risk for a real estate bubble: https://propertylistings.ft.com/propertynews/munich/5941-munich-heads-list-of-cities-facing-bubble-risk.html

>>19329433
Just work out the monthly cost of buying that you will never see again (interest, insurance, taxes, utilities, etc.) and if it's higher than what you're renting for then don't fomo into a house.

https://www.youtube.com/watch?v=Uwl3-jBNEd4

>>19329458
Those figures are about right and paid whether you rent or buy.

>>19329482
(750000 * 0.05)/12 = 3125 vs 1500 that I actually pay rent.

Wow, the rent to own ration really is insane.

>>19329458
I can't speak for others, but my tax and insurance are included in my mortgage payment.

>>19329535
>>19329482
Mortgagecucks think they're high IQ because renters are "throwing their money away", but if you are investing the extra money that you get by renting then you'll make more than them. They're smart enough to see that renting doesn't build equity, but too dumb to see the opportunity cost in taking out a $500,000 loan.

Midwits will not make it.

Another alternative is moving to another city, where I would earn 20k less (probably), but a good 3brd apartment would only cost 350k Euro, so I could just pay it out of my cash. This seems like the best option actually.

>>19329738
Renters brag about being poor while they make their landlords rich

>>19329774
But there is a ratio between price of an apartment and cost of renting this apartment, so that renting is the better option, no?

Say you could rent a million dollar apartment for 100 dollar a month, obviously renting would be superior.

The question is just, what is that ratio?

As I have found out my city has an insane rent to own ration, so I wanted to check if owning is still better than renting, but with these numbers it does not seem to be so.

Does not mean that owning is the better option almost everywhere else.

>>19329848
The ratio is in this video >>19329482
Take the price of the home, multiply by 0.05, and divide by 12. If you can rent for less than that, it's better to rent and invest your savings.

>>19329874
>750000 * 0.05)/12 = 3125 vs 1500 that I actually pay rent.

so yeah, the apartment would have to half as expensive so that it makes sense to buy it. insane.

>>19328961
nooooo, not my burkarinos and assfuckerinos.....

>>19328728
heres the other thing, if you're paying 30k PA extra on interest because you didn't save for a deposit when you could be paying 18k rent you're a fucking retard. My mother in law keeps bitching about getting my family a house which I'm going to fucking do next year and I was trying to explain this super simple principle to her and she was just too fucking dumb so maybe some people in this thread are too dumb to have at least figured it was a good idea to do some basic maths and check first.

after 30 years, you have a $150,000 home based on ZERO increase in home value, which is absolutely fucking retarded but it has to be this way for you dumb fucking rentcucks to understand.

you paid $355,000 total
but have a $150,000 house

$205,000 poof, gone

>be a rentcuck
>rent a 900/month apartment for 30 years
>pay $324,000

$324,000 poof, gone

in the case where rent NEVER increases over 30 years and price of home NEVER increases in value, the rentcuck STILL gets screwed hahahhaahhahhahahhaha

"muh opportunity cost"

down payment on a $150,000 house is $5,250

rentcuck invests that $5,250 and gets 12% annual returns (lol @ rentcucks thinking they'll perpetually get 12% returns and arent in a bubble)

after 5 years, that $5,259 is now $9,252

mortgagechad does a cash-out re-fi after 5 years. he now has

*drum roll*

$14,964

and thats NOT including dropping the principal while calculating annual interest after every year. its actually closer to $17,000

get absolutely BTFO you stupid fucking rentcucks

>>19330244
you are the dumb and poor one your mother in law is right to nag you
>>19328728
>1850 x 12 x 4.5 = 99,900
this is the quickest of maths I did last night and it horrified me. that is how much my brother and his wife have paid (sunk) into a shack in Los Angeles that they will. never. OWN. unless you have already "made it" and have other ideas in play, there is no situation where renting long term makes sense compared to buying. none

>>19330358
My neighbor has bought his landlords house twice but he brags that hes getting a good deal on rent. He will buy it twice more before he dies

>>19330384
drum roll, not everyone fucking lives in america with your interest rates & down payment requirements & price houses, youre heart is in the right place I like that you're trying to troll people on the internet but you're still a faggot retard.

>>19330358
Now run those same numbers for the $1m condo I'm paying $2000/month rent for you retard.

>>19330399
My mother in law is STILL RENTING at 50 years old, MY single mummo on the other hand has 3 properties including a holiday acreage near the beach we visit from time to time... and she got all of it working as a fucking postlady, boomers I swear to god.

>>19330439
SEETHE

pic of $1,000,000 condo with timestamp and proof you're only paying $2,000/month (you wont)
>>19330434
Retarded Europoor lives in welfare state with retarded regulation that forces him to be a rentcuk for life

wow, that sucks. maybe you should move to America? its not that hard.

>>19330493
>mother in law is STILL RENTING at 50 years old
that's a yikes from me, dawg. if I make it to 50 and am still renting that will be my only regret I swear it now

>>19330505
Why would I need to prove anything to you retard?
pic of your $150,000 house with timestamp (you won't)

>>19330439
>Now run those same numbers for the $1m condo I'm paying $2000/month because mommy and daddy give me a good boy discount

ftfy

>>19328728
>Another "NO IM GETTING JEWED THE LEAST" thread

>>19330358
>>19330384
>>19330505
You need to be 18 to post here.

>>19330568
kek

this >>19330612 is why

what a retarded LARP. kys

i love how rentcucks straight up ignore the data instead of saving money for a down payment.

tbqhfam, the reason most rentcucks rent is because they're broke as fuck and cant even save $5,000. absolutely PITIFUL

>>19330667
I have plenty of money in my Vanguard account. I could literally buy your shack in flyover town 5 times over.

>>19330628

>>19330686
>"I'll show you!"

>"Don't make me post the photoshopped back account that some other anon posted last month that i saved in order to use for these exact reasons!!"

hahahahahaha seriously dude, suck start a shotgun

>>19330719
stay mad poorfag

>>19330726
not an argument you absolute loser

>>19330689

>>19330785
"wahhh these jewish landowners FORCING me to pay for housing!!!"

>>19330801
That's not my problem with this thread, it's that rent and mortgages are too expensive because of the amount of manipulation in the housing market. Fighting over which is better when the issue should be something different is retarded.

By not taking that bet you are effectively betting against housing, which is retarded. That being said it is entirely up to how long you intend to own the property. Anything less that 5 years and it's likely the equity will not have outpaced the rent cost

>>19330358
The thing is, with 500k Euro invested in the stock market and 4% annual return (really conservative), after 30 years you have 1.6 million Euro. So that is the opprtunity cost you miss out when buying.

>>19330866
sorry you live in an absolute SHIT state and are too stupid to vote with your dollar

>>19330904
imagine sperging out so hard you couldn't even scroll down one single post >>19330384

>>19330866
Mortgages have never been cheaper you are wrong about everything while thinking you are smart. Typical millennial basement dweller expecting boomers to give you free houses in manhattans

>>19330905
>everything is fine goyim, this is how it's always been
>don't look up what prices used to be like, that anti-semitism

>>19330904
Housing returns are guaranteed while most stock investors lose money

>>19328728
Bro, you don’t sink that much of a down payment into the house. The ONLY reason to buy a house is to use a mortgage, and to use as much mortgage as you can reasonably afford. It’s not just appreciation that you are counting on, it’s inflation. Inflation + rent hikes are going to beat that mortgage to death while appreciation does its thing.

Another note, if it’s just you and your gf, get the smallest house you can find. Absolute smallest. In the US we call them “starter” homes and boomers used them to great effect. You get a starter home, put 5-6 years into it so aforementioned inflation and appreciation can do their thing, and then once rent rates creep past your mortgage payment, you refinance and pull out equity to upgrade to a better house while renting out the first. This is literally how American boomers “made it” and it works very well, especially in the city.

>>19330505
This is pretty similiar to the numbers in my actual city: https://www.numbeo.com/cost-of-living/in/Munich

For one million you get around 100 square meters in the city center, which is around 2000 euro of rent.

Those are the actual numbers in my city.

Do you still think buying is better than renting there?

>>19330948
>"wahhhh my home's dont cost $20,000 anymore like in 1950 despite when adjusted for inflation that $20,000 home would have been listed for $400,000 in today's money"

>>19330972
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

Yeah, no, and I'm not buying individual stocks, I have etfs.

>>19331020
Of course buying is better than renting it always is otherwise landlords would sell

This is one of the best times in history to buy a house. All time low interest rates. And don't forget the free 12 year forbearance if you wanna go nigger tier.

>>19331067
>average rent in 1970 was $713 after adjusting for inflation
>average rent today is over $1200
>nothing to see here goy, everything is fine

>>19330905
>195k dollars
>AZ
No thanks
>>19330947
You know that someone working as a manager at a car repair shop could, in theory, pay off an entire home in a year? Adjusted for inflation the manager would be earning ~90k dollars and that home would be worth ~80k. Please go fuck yourself.
This is where I got the numbers starting at 18:45 https://youtu.be/8GP87dgTqF8

>>19331020
link to a condo that has sold for $1,000,000 and now rents for $2,000

go ahead, it shouldn't be hard to copy/ paste the link since you obviously already know they exist

>>19330866
>mortgages are too expensive
That’s not true at all. Mortgages are TOO cheap and that’s why housing prices have sky rocketed. Every swinging dick with a $50k a year job can get a 300k mortgage. So everyone is bidding 300k on pleb shit boxes.

>>19331108
Do you live in 1970? Why not use 1670 prices so you can be even stupider and angrier

>>19331012
But if I make only 50k downpayment, then I will have to pay 4k per year for 20 years just to pay back the load, actual costs are probably 5k per month.

With rent it's only 1.5k and the rest I can invest in etfs again.

>>19331088
Nah the time to buy is when the rates go back up and you can lay down %30. You’ll get seller covered closing costs too.

>>19331150
What is your point? I'm saying that housing prices have increased by a ridiculous amount, way more than inflation. The prices right now are not normal.

>>19331020
>city center

Thought euro’s had fantastic public transport? Why live in the most expensive part?

>>19331118
Houses have never been cheaper there are homes to buy in every state for a $100-$300 mortgage you can make that much working one day per month or is that too much for your frail carcass

>>19331108
>>average rent today is over $1200
lulz, what a fucking idiot

you gonna cry about "muh jews" over $200?

>>19331128
obviously not exactly the same, because a flat is not sold and rented out at the same time, but I will find two similar apartments:

https://www.immobilienscout24.de/expose/118555538?referrer=RESULT_LIST_LISTING&navigationServiceUrl=%2FSuche%2Fcontroller%2FexposeNavigation%2Fnavigate.go%3FsearchUrl%3D%2FSuche%2Fde%2Fbayern%2Fmuenchen%2Fhaus-mieten%26exposeId%3D118555538&navigationHasPrev=true&navigationHasNext=true&navigationBarType=RESULT_LIST&searchId=e4a089bd-5345-3c38-b6ba-7126a179b661&searchType=district#/

vs.

https://www.immobilienscout24.de/expose/118746105?referrer=RESULT_LIST_LISTING&navigationServiceUrl=%2FSuche%2Fcontroller%2FexposeNavigation%2Fnavigate.go%3FsearchUrl%3D%2FSuche%2Fde%2Fbayern%2Fmuenchen%2Fhaus-kaufen%26exposeId%3D118746105&navigationHasPrev=true&navigationHasNext=true&navigationBarType=RESULT_LIST&searchId=39b1bce0-701a-34ac-8c56-b792f52387c8&searchType=district#/

>>19331161
After this year it will probably be all cash deals. Banks aren't going to be giving any mortgages if the economy gets any worse. For poorfags this is the last time to get a house in the foreseeable future.

>>19328961
You seem jealous of our hedonistic inner city gay life anon. Come move out of the backwoods and join us for some time.

>>19331191
so increase your income by a ridiculous amount nigga what is the problem here? this is on YOU

>>19331196
the ratio is the same outside of the city center.

>>19331191
Houses are the cheapest they have ever been. Boomers paid 15% interest on mortgages now they are under 1%

>>19331237
But the average pay hasn't increased by that much. People are have been getting poorer.

>>19331151
That’s 4K in today’s money, not 10 years from now money or 20 years from now money. And if you want to make a comparison to the stock market, look at the margin interest and fees for a brokerage and compare it to a mortgage. You absolutely cannot beat a mortgages leverage in the stock market, at least not average jack offs like me and you.

>>19331229
this is what I am waiting for, 500k cash is going to go a long way then, no need to take any mortgage.

>>19331210
>>19331128
please reply, this is exactly the example you wanted, I can find many others like that.

>>19331229
>Banks aren't going to be giving any mortgages

Anyone with %30 down will get a mortgage. Only poor fags who pay PMI are going for to get fucked.

>>19328728
Why are you buying a house in the most monetary uncertain time since 08 or even depression era?

Do you believe this will increase home prices? Stagnant them(in which case just wait), or decrease them? If you can put off home ownership for the next year or two, I don't see why you wouldn't.

>>19331206
Based retard not reading my post

>>19331265
The cost of money is cheap. For sure not the median price of objects purchased at the moment.

>>19331210
hahahahaha wait wait.... you're taking 2 completely different buildings in 2 separate locations and because one is for sale for $1 million, you think that makes your tiny little 300sq foot apartment a $1,000,000 residence?

hahahahahaha this is some next level retardation. the mental gymnastics.... are you 10 years old?

>>19331275
but after 10 years I will have to refinance, and if the interest rate is higher then I am fucked.

If I finance for 20 years with fixed interest rate, then the monthly rate is going to be even much higher.

>>19331300
You didn't show anything yet

>>19331276
You misunderstand. Unless you are doing fix and flip, ALWAYS have a mortgage. You are making money off of other people’s money. Even if the market crashes into the ground, get a fucking mortgage.

>>19331300

holy shit you have ZERO reading comprehension >>19331128
>>ink to a condo that has sold for $1,000,000 and now rents for $2,000

>>19331276
With all the incoming inflation or hyperinflation that 500k could cost a million soon. As I said before, this is a good time to buy and lock in a fixed rate mortgage.

>>19331334
no the other is for rent, they are roughly the same location and same size. See the links.

One is 1 million to buy. The other one is 2000 to rent.

>>19331324
Prices are already going up

>>19331380
they are two completely different properties you absolute fucking retard

>>19331366
I linked you two houses in Munich that are similiar in size and location and look even the same.

One is to buy for 1 million euro. The other is to rent for 2000 Euro.

What is there not to understand?

>>19331382
I thought the safety in real estate is it's always suppose to be going up?

>>19330358
>>19330384
landcucks cope by pretending to other people that they only pay the mortgage and ignore mortgage insurance, home insurance, utilities, property taxes, realtor costs, transfer taxes, maintenance, repairs, hoa/condo fees, etc.

Once you add it up it's far more expensive on a pure cash flow basis to own than to rent.
Take a $500,000 home and put 5% down like he's suggesting. Let's be generous and say his all in costs are only $2,500/mo. Say you take home $3500, putting $2500/mo into a house at 3% vs $1500 rent + $1000 into stocks at 7%, after 30 years stocks outperform the house.

That's why you max out your tax-free accounts with stocks first, then buy a home. In fact, there are credit and tax advantages in many countries to do this which make houses cheaper than if you go for the house right away.

In fact in my situation, where I'm taking home $3,300 and paying $1,100 in rent. Living off $550/mo is easy and comfy and I would be saving $1,650/mo.

Pic related: Start at 25k
A = Stocks $1000/mo @ 7% for 30 years
B = House with 5% down @ 3% for 30 years
C + D = Stocks $1650/mo @ 7% for first 10 years, then 5% down my stock portfolio on a house and no additional investment in stocks. C is house, D is leftover stocks.

As you can see, investing in stocks early in life is a far better decision than going right for real estate.

>>19331408
k. i want you to read this again very slowly >>19331128

>>19331406
yes but similiar in size and location and renovation status.

A house is either for sale or for rent, I won't find the same house for sale and for rent.

>>19331429
also to understand that these houses are not cherrypicked example, see:https://www.numbeo.com/cost-of-living/in/Munich

This ratio of rent to buying is different than in the US, that's what I'm trying to make you understand.

>>19331345
If you got equity in the home and the market hasnt crashed, you are going to be bombarded by banks begging you to refinance with them at very nice interest rates. Refinancing when you are underwater and trying to escape a brutal mortgage payment is way different than trying to expand your line of credit.

>>19331425
you spent all that time making that excel sheet but then used calculations based off of estimates off the top of your head?

hahahahahaha why are rentcucks so fucking retarded? such a low-IQ move holy shit lmao

>>19331503
Cope, 3% is the historical nominal rate of return on real estate, 7% is the historical nominal rate of return on stocks. These are facts. Enjoy being half as rich as me retard

>>19331421
Why would you pretend that real estate always goes down while it goes up

>>19331425
Retard likes to pretend renters dont pay all the costs of owning plus profit for the landlord

>>19331274
>average pay
stop trying to be average then? I don't know how else to say this. we don't live in a system that rewards mediocrity

>>19331431
condos rent out all the time jackass. and the sale history of any residence is public knowledge.

you gave me 2 separate properties on OPPOSITE sides of town, one being nearly DOUBLE the size of the other, and are trying to tell me they're equal in value?

pftthahahahahaha rentcucks are unbelievably stupid

>>19331532
>the average goy deserves to be our slave
thanks mr. goldstein

>>19331429
ok, I actually found a good example for you:

https://www.immobilienscout24.de/expose/115922102?referrer=RESULT_LIST_LISTING&navigationServiceUrl=%2FSuche%2Fcontroller%2FexposeNavigation%2Fnavigate.go%3FsearchUrl%3D%2FSuche%2Fde%2Fbayern%2Fmuenchen%2Fanlageimmobilie%26exposeId%3D115922102&navigationHasPrev=true&navigationHasNext=true&navigationBarType=RESULT_LIST&searchId=9ccf616f-451e-3da2-a354-7f8eecfeb9b4&searchType=district#/

The house is for sale for 670k euro.

In the text you find "- Solide Mieter, monatliche Nettokaltmiete € 1.530,--." , which means:

"currently rented out for 1530 euro per month"

Is that a good enough example?

>>19331518
you net $3,300 a month hahahhaahhahhahahhaha

>$2,500/mo
how about you itemize that then post
what city you live in so i can find a home that looks better than your shit apartment and costs less a month after EVERYTHING

>>19331532
b-but that could hurt his feeling on a /biz/iness board

>he didn’t buy in the nigger part of town right before the hipster gentrification wave hit

Detroit and Baltimore are next.

>>19331532
Hey bro if someone bought something in the past it should always cost the same even hundreds of years later. Like just say it's not fair and the boomers will give you 3 free mcmansions

>>19331528
They don’t, you live at home and have never rented or been a landlord

>>19331547
yes, there is a difference in size between the two houses.

The one for one million has 110 square meters, the one for two thousand for rent has 127 square meters.

>>19331576
It's a good example of why you shouldn't rent

>>19331582
Go ahead, try to find a 2 bedroom 900 sq ft condo in Toronto for less than $1100/mo

>>19331643
why? This is pretty similar to the ration of 1 million to buy vs 2000 to rent.

Also if I buy this apartment, I would not be able to evict the tenant for 9 full years (german law)

>>19331643
is this a good enough example for you or do you still not believe that 1 million to buy equals around 2000 to rent in this particular city?

>>19331576
jesus fucking christ..... can you not read? HAS SOLD, not IS BEING SOLD FOR

are all Germans this stupid?
>>19331128
>HAS SOLD
>HAS

seriously, are you actually mentally retarded? or is your english reading comprehension just really bad

>>19331615
he doesn't have to be a landlord to realize basic math a 4th grader can do. also being naive enough as a 4th grader to believe that landlords float the tax property and don't factor it into rent price. stay retarded please

>>19331719
this is a realistic price for that house, check all the other houses for sale.

If you do not believe me that the examples are representative, then how do you explain the numbers on numbeo?

>>19331719
There are no "has sold for that amount of money" information on real estate websites, only you can buy this house for that amount or you can rent this house for that amount. So I do not know what I should link you to.

>>19331722
Landlords can only charge what the market will bare, they are not cash flow positive for typically about 5 years at a minimum

>>19331547
maybe this is also a country thing, because you defenitely do not see the information what that house sold for on these pages.

In that case that's where the missunderstanding comes from, because I literally cannot link you to what you expect.

>>19331644
Why would anyone want to live in Toronto like dude

>>19331761
what are you literally basing this anon? you sound like a retard who has never looked at a property and the price let alone your own finances.. which I imagine to be inconsequential

>>19331832
Unlike you I have looked into buying property and have concluded it's impossible to make myself better off by buying when my rental costs are so low.

>>19331859
>unlike you
unlike me you are a poorfag who will continue to poor forever more

>>19331867
"Owning" (renting from the bank and government) a 150k shack in flyoverland does not make you not a poorfag.

>>19331867
Go ahead and larp like everyone else ITT and pretend you are a land-god who is making so much money from owning a liability on credit.

>>19331867
I have 500k in etfs at 30 yo that i may or may not invest into real estate or leave in etfs, but i would defenitely not call that poor in any way

>>19331883
when california becomes flyover let me know idiot

>>19331898
this is why you are going to be poor forever.. stay with me here.. because you think you know so much (when it is painfully obvious you know so little) and when anyone points out your lack of knowledge you immediately accuse them of larping and all the above. please stay poor, I will need renters like you in the future to make money off, rest assured you'll be there

>>19331945
what is your networth if you consider half a million at 30 poor?

>>19331644
I can not imagine how absolute shit your living conditions are my dude. a studio apartment, 300 square feet, is $1,100 bucks and you have over 300 people living within 200 feet of you. I'd honestly shoot myself if I lived here.

>>19331963
you don't half a mil at 30 and I wasn't talking to you faggot now go stick your head in a hole in the ground

>>19331998
poorfag cope

>>19331967
you'd have to be an absolute souless drone to want this. how could anybody want to live here? packed like rats... totally dystopian...

>>19331998
I have that's the whole reason I made the thread.

>>19331883
>owning a house outright is dumb it's better to be a broke renter complaining about boomers who got free houses and gfs when they were born

>>19332044
I'm not the one complaining about boomers.

>>19331945
I made a detailed post of why buying stocks while you're young gives you a better return in the long run than a house
>>19331425
You retards ignored it or said the numbers are fake despite them being very generous towards owning a home. This is for a $500,000 house without condo fees at prime rates.

This leads me to believe people ITT are larping and have never actually investigated buying a home or are deluding themselves.

>>19332006
dude, you make $50,000CAD a year and live in Toronto. the ONLY reason to live in the city would be to slave away for 300% above normal pay for your career then move.

>>19332079
I make 300k a year and don't live in Toronto. But cope harder.

>>19332065
>I made a detailed post
yet you forgot that nobody gives a fuck about canada or anyone who lives there or wants to live there. pro tip if you think of real estate as an investment and not just where you want to live for X amount of time... try picking a place people actually like, it will give you a better idea on the returns.

>>19332065
Stocks are risky whereas housing returns are guaranteed

>>19332110
Canadian real estate has higher average returns than most places in the world. This is a best case scenario for people who are trying to fomo into real estate.

>>19332091
post one single shred of tangible evidence you arent only NOT poor, but make more than $50,000 a year

>>19332125
If I post something you're just going to say it's photoshopped. There's no point trying to convince a huge idiot like you.

>>19332119
They are not guaranteed, sales volume on homes has collapsed. People who are forced to sell will bring the market price down.

>>19332124
I have never met a single person who ever considered moving to Canada

>>19332139
yeah no shit if you post some retarded screenshot of a paystub that you snagged from some other retarded LARPing poorfag

what? you dont have a nice watch or nice place of residence? no car, no jewlery, no collectibles? but make 300k a year? hahahahahha kys faggot

>>19332196
Goes to show how small brained you are. If you make money you have to spend it on useless shiny things.

>>19332167
Well enjoy having been btfo even in your own headcanon fantasy world.

>>19332215
lol thats exactly what I thought you fucking loser

I think I brought out the best of /biz/ with this thread and I am really proud.

One of the best dumpster fires I have ever seen.

>>19332223
say increasingly nervous canadianfag for the upteenth time. you will be speaking chinese by the time my mortgage is paid off (2 years)

>>19332142
You can get a guaranteed 14% return when you buy a house because it eliminates your rent

>>19332291
The problem with that thesis is that my rent is lower than the costs associated with owning, not including the equity.

I told you - maybe you guys just don't believe it because you fomo'd into some shithole, My rent is $1111.12/mo, it's a 2 bedroom 900 sq ft apartment. To buy a similar unit the costs of borrowing + owning (the non-equity costs) are HIGHER than my rental. Do you understand what I'm saying? With what I'm currently spending on housing, there's no cost savings. And there are plenty of other people in the same situation because people have been buying up shit at inflated prices for decades.

Sorry to burst your bubble but yngmi

>>19332399
I think they simply do not understand that, idk. what else you should day.

>>19332399
>My rent is $1111.12/mo, it's a 2 bedroom 900 sq ft apartment
And I am looking at a 3d 2ba 1196 sqft unit which will cost me considerably less and be paid off in less than 2 years (the existing loan is less than my annual wage at face even after taxes)

renters ngmi

>>19332459
And where is it?

>>19332467
california

>>19332479
lmao evading because it's some shithole

>>19332485
>california is a shithole
lmao okay retard this is why you are on biz

>>19332399
You are paying more to rent than buy and bragging about wasting your money. That's fine for you but most people prefer making money

>>19332399
>moves to Arkansas
>buys a $190,000 McMansion twice the size of your shitbox
>doesnt have 200 neighbors
>pays less a month AFTER EVERYTHING
>accumulates equity
>more investing power
oh, did I mention its a fucking McMansion twice the size of your shitbox?

>>19332548
if you earn a good income there, congrats.

>>19332495
>California is not a shithole
yup it's probably some shack near skid row

>>19332495
i live in california and it is a shithole

>>19332496
Boomer cum seems to crusted over your eyes, I am paying less to rent than it would cost to buy. Why can't landcuck retards understand this simple concept?

>>19332619
>be Arkansan
>pic related
>39% below national average ($40,000 less than Jew Yorker)
>average 3 bedroom home = $150,000 ($700/month)

>be Jew Yorker
>pic related
>make about average ($40,000 more than Arkansan)
>average decent 1 bedroom apartment: $3,000 a month

hmm oh boy let me think. should I confine myself to a place that is literally half the size of a house where I could build equity in order to make $12,400 more a year. well, I am a stupid rentcuck so yes, yes I would.

>>19332496
>making money
But you haven't made any money yet. You just have a load of debt and (maybe) some unrealized gains. Jesus Christ, are all mortgage cucks this dumb?

>>19332985
I have a sister who works and lives in NYC. not only does she pay extraordinarily more a month on rent, her daily commute to work is over 45 minutes and includes riding the piss/shit smelling subway with undesirables. I can't imagine being more than 20 minutes from work. I live in Dallas and my home is 10 minutes from the office. I'm pretty sure cityfags live there simply because they think its "cool", yet despite having lived there for 5 years, my sister has yet to visit all of the museums and even any other part of NY and the most "touring" NYers do is go out to eat/drink at different bars

>>19332985
>average
Glad I'm not a brainlet

>>19333264

see >>19332196

pftthahahahahaha why are you fags all the same? I could photoshop that to be a million dollars YTD in 5 mins on my fucking phone

>>19333317
poorfag cope

>>19333348
>poorfag
kek, I literally make 10 times the amount you do

>>19333437
Nice photoshop.

>>19333452
pftthahahahahaha by default you are retarded, congrats.

>>19329223
>Ukraine
>great education
There is NO great education here. Trust me

>>19333471
Cope harder.

>>19333499
In all honesty I make over $10,000 a week. get absolutely mogged, nigger

>>19333264
>>19333499
massive cringe. consider suicide

https://www.levels.fyi/company/Facebook/salaries/Software-Engineer/E4/

>>19333626
E4 is not senior retard.

>>19333639
your screenshots are from a website literally anyone can go to you absolute fucking moron

>>19333578
Imagine using someone else's image >>19126328
as your own and not even getting the pay period correct.

>>19333578
Imagine using someone else's image >>19126016
as your own and not even getting the pay period correct.

>>19333626
>>19333639
hHahahhahahahahhaha wooooow and this fucking dumbass still tried to play it off hahahahahahaahahahahaha

>>19333657
Which proves they are not photoshopped. E4 is not senior software engineer, E5 is.

>>19333686
you literally took screenshots from a website anyone could access hahahahahahahha

>>19333724
What's your point? That's what a senior software engineer makes in NYC.

>>19333264
>>19333499
>>19333700
kys my dude

>>19333745
No.

>>19333743
ohp here comes to back tracking
>"I-I never meant to say thats how much I was making!!1"
hahahahahahhahahahahhaaahha

>>19333791
You've been exposed in >>19333686. Just give up.

>>19333762
youre on the verge of tears I can tell lmao fucking LOSER, just do it seriously

>>19333810
No.

>>19333810
Have sex.

>>19331532
Why do people on /biz/ larp as millionaire businessmen? You aren't immune to stagnant wages.

>>19329023
Really wish I could do this but I'm not there yet. Have to get married and a little more comfortable financially first

>>19332693
>>19332709
>>19333936
you guys are right I drove past this property (in my new shiny car) and I saw other motherfuckers in even shinier cars and I spoke with the realtor on the phone and there was a hidden fee that makes the property net negative as fuckk hold me /biz/ squeeze the life out of meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee