/biz/ - Business & Finance

>>19621219
Calm down faggot, some people don't want to live in the same place for years

a) I've moved every 2-3 years
b) homes where I live now are literally 10x the figure you cited as your example
c) (you)

>>19621219
Sage

>>19621257
>>19621297
>instability
child-like
>>19621306
seethe

>>19621219

Yeah next you're going to tell me to stop facefucking single moms and accumulating chainlink. You're a moron and your commitments to absolutely meaningless things will be the death of you.

>>19621344
cognitive dissonance: the post

>>19621219
you hit the nail on the head. Anyone over 27 still living at home is not a man. He is a child. You should not rely on your parents past 27. Be responsible, no matter what your salary is, save fucking money, and move out of mommies house. Put the video game controllers down, cut back on the porn. IF you have to rent, then rent until you can afford a 20-40% down payment. Keep your mortgage low and build equity. Time to stop being a little child.

>>19621423
OP said nothing about living with parents you illiterate dicklover

>>19621343
t. cuck

>>19621453
wow. Must have struck a chord. But seriously listen to my advice you pussy manchild. Time to grow up and be a big boy

>>19621471
no u

I’m just waiting for 100k Bitcoin so I can pay off a nice upper class home and play vidya all day. We’re not even a year away probably, I don’t mind waiting a little while longer.

>make a post about being independent
>/biz/ neets seethe
Every time

>>19621584
lol

>>19621549
>wasting money on a house and settling down like an old grandmother because society and tradition says it's a good idea
You must have the testosterone of a castrated chipmunk.

>>19621219
Right now is a terrible time to buy tho...

>>19621219
>network
Ok, wtf are you talking about brainlet? It requires a bunch of banker Jews to lend you money & have a vaguely decent job. That's all. What's this "networking" shit?

>>19621219
I'm guessing the way you keep spamming this same faggot thread that you have some shitty houses you're trying to flip but can't because the market has more flavors of fucked than a baskin robbins.

>>19621219
We know you can’t tell us, because there are no girls.

I would love to live in a house, absolutely. But I want one that's better than decent and as far away from the ghetto as possible.

170,000 house, where the hell do you live, some run down shack in the woods? Now days youre lucky if you can find a nice place for under 300,000

>>19621839
Hes referring to the community you will be living in. Owning a house, if you arent retarded, requires you to become a part of that community in a tangible way, which is why it was required to even fucking vote originally.

>>19621839
gotta network with the bank, your realtor, their realtor, inspector, and sellers

small brain, so so small

>>19621855
>>19621732
cringe

>>19621869
girls like guys financially independent. owning a house is a big plus in that department. most 25 year olds do NOT have a house. I have a massive upper-hand on my competition

>>19622194
On the coast sure, down in texas or Arizona, or any state between the appalachians and the Sierra Nevada range. Shits cash and cheap. Billings Montana is my destination.

>>19622354
Yes thats why all the hot sluts date the biggest losers, because they only like guys who owns a house. I cant even think of the last time I saw a hot girl dating a guy that doesnt have his shit together, oh waaaait.

>>19622411
>Yes thats why all the hot sluts date the biggest losers

want to know how I know you're a teenager?

>>19622194
I can go all day my dude

>>19621219
I have enough money to go 20 percent down on the houses I want, 800 credit score, $70k salary.... but I changed careers a year and a half ago so lenders refuse to give me money because it looks "risky." Instead I pay down my parents' mortgage and live with them. Fuck jews, fuck banks

>>19622428
Give me an example of how im wrong lol?

>>19621219
Is all of this home ownership the equivalent of the GOMAD meme on /FIT/ but instead of a shit phsyique you get stuck with a shit financial situation? 90% of stuff shilled here isn’t in your best interest and the fact we have daily house cuck/debt slave threads really gets my noggin joggin.

I don't give a fuck what girls want but I do want a house. I decided I'm going to make it in crypto and buy a house from that. Easy.

>>19622520
maybe im too privileged but doesnt this seem like a miserable life? everyone i know that makes $180k+ in their early to mid twenties rents because it gives them the freedom to move between big cities. if you buy a random cheap house in the middle of nowhere at a younger age youre pretty much just stuck there. theres a reason why the market has decided that a big place in bumfuck north carolina will only cost $170k

>>19621219

A mortgage means you are renting a house from the bank

>>19621219
This thread really is about you trying to convince yourself, rather than us. It's kinda lame in that regard

Just you wait until the local industry is btfo and you have to commute 2 hours every day to pay that home that you so proudly "own".

>>19622667
what kind of stupid request is this? um geez idk how about the fact that girls like men who have their shit together and being a loser is not a positive trait?
>>19622681
a mortgage is cheaper than rent in 95% of America. you also dont have neighbors literally 8 inches away from you

I LOL @ you biztards because you fawn over memecoins and get-rich-quick plans but are too stupid to do the one thing that guarantees you 6 figs in net worth after 15 years of doing fuckall except paying "rent".
>>19622823
hmmm lets see

>live in cities
- get KTFO'd on the street "cuz u wite"
- be the first to die when a real pandemic hits
- riots
>live in rural area
- no niggers
- land

>>19624216
>local industry
lmao do you cityfags really think that all small towns depend on some common crop? such low IQ.....
>>19622998
as much as you would like to think you are building equity by renting an apartment... it just isnt true

>>19621219
>170,000
If houses were this cheap where I live I'd own 2 of them by now. But guess what faggot the cheapest house that needs work is 300k and those houses need roughly 50k worth of upgrades. So keep living in the Midwest housing fantasy land.

>>19624743
>bragging about living in a minority-filled shithole with Zimbabwean levels of inflation

>>19625346
Did I say that? No, you're just retarded and move goal posts when need be.

>>19625486
I dont think you know what "moving" goal posts really means.... me thinks you are a redditor at heart using reddit lingo whenever your pea-brain sees fit

>>19622823
I'd sooner kill myself than live in a city again. I'm 23

>>19625528

>>19621219
You are a retard, renting is significantly cheaper. Stop posting this dumb shit

>>19625821
get dabbed on, rentcuck

>>19621219
I know this is bait, but there's something called the unrecoverable cost of home ownership. If you'd pour more money down the drain buying (taxes, maintenance, interest, opportunity cost, etc.) vs renting, it's objectively better to rent and invest.

don't burgers get house loans with just 10% down or 3% down or whatever insanely low number? combine with your inflated salaries, it doesn't sound like you need to save or network beyond a few months
granted, with your culture of freaking out if you don't buy something every single day, that might be an accomplishment

>>19625880
wrong

do me a favor and calculate $7,000 (3.5% down on a $200,000 house) @ 7% annual return (avergage) and let me know how close that is to the equity you'd have in a house after 30 years

to unequivocally blow you the fuck out, its not even a FIFTH of the equity youd have in a house EVEN WITH THE HOUSE INCREASING ZERO PERCENT over 30 years.

stay retarded, rentcuck.

"opportunity cost" is the biggest rentcuck cope and the tell-tale sign of rentcuck retardation

>>19626021
>Reading comprehension: 0
Let me educate you anon. The unrecoverable cost is the amount of money sunk into the home that doesn't go towards building equity. This includes, but is not exclusively, opportunity cost. Standard assumptions place this cost at about 5% of the total house cost p.a..
So if you can rent for less than that, then you should, on average, be able to build more equity through standard investments.

>>19621423
thanks for giving me another year :)

>>19621219
i live in my parents basements at 26 and I have high 6 digits in crypto
RENT FREE

>>19621219
this only applies to poorfags and the middle class.

i rent because my parents live on the other side of the country and im not buying here. i'll also never buy a home as my parents own 3.

>>19621423
>27
If you live with your parents past 18 yo you should do everyone a favor and just KYS

>>19626241
what is the unrecoverable cost of renting? enlighten me


~(it's 100%)~

>>19626021
poor fag a looks down on poor fag b for not owning thing c. poor fag a thinks he deserves a prize. honk honk

>>19624247
My rent is 650 a month in a nice part of town, there are 0 mortgages that cheap unless I want to live in a shack anywhere in my city. Eat a dick, ill buy a house after this bull run in cash instead of handing over the Jews 1-300k in interest like you dumb Ass mortgage cucks.

>>19626331
dude, in the same sentence you tried to have an adult conversation but couldn't refrain from mentioning how many houses your gaylord parents have lmao

honk honk indeed.

>>19626363
muh "adulthood"
muh home ownership

are you retarded?

>>19626363
like how is home ownership for adults if i've had one in my name pre-birth? cringe. you're a poorfag with a bad attitude trying to harp on other poorfags because your butt hurts. go cry somewhere else

This post sponsored by your local Realtor(TM).

>>19626342
imagine spending 300k on a house

by outright buying a house for $300,000 you will have saved over the course of 30 years, you will have saved yourself $142,900.00 in interest

if you were to put down $10,500 (3.5%) instead and invest the other $284,500 @ an average 7% yearly ROI, over the course of 30 years you would have accumulated over $2,000,000

so congratulations, you absolute fucking braindead nigger, you managed to avoid paying $140,000 in interest but missed out on 2 million dollars

hahahahahah you rentcucks are so fucking retarded

>>19626378
>>19626393
>double reply
>one wasnt enough
kek

S E E T H E
E
E
T
H
E

>>19626405
>can't even ™ correctly
I'm posting on my phone....you have no excuse

>Average price for a home in my neighborhood is 765,000
>Avg salary for a college educated single person is $50,000/yr
>Avg salary for a family with two working adults is $95,000/yr
>By that estimate the max someone should pay for a house is $150,000 for one person and around $300,000 for a family.

Yeah okay boomer.

>>19626660
>in my neighborhood
awww poor wittle anon doesnt want to move very far away from mommy and daddy :(

pftthahahahahaha what a pussy

>>19626660
>>19626649

Pray tell what should I do when I am literally priced out with a median job (even if I were to get married). I would need a job with 6x the median salary where I am to afford a home, or both my spouse and I need to have jobs with 3x the median salary.

>>19626683

>Just move away from your elderly parents who need care and shove them in a nursing home bro.

I know you are a troll so I'm not going to bother replying to you more but this is more for all those people reading, don't feel bad the housing market is fucked for younger people and you should not buy unless your house is around 2x-2.5x your salary or your family's salary.

>>19621219
>big boy
>manchildren
>period
>child
its how i know ur gay

>>19621219
it’s a little late in the day, usually you start this thread in the morning! Everything OK, OP?

>>19622520
that's like 330k in my stupid small ass town fuck my fucking life bros i can't wait for another covid wave to knock all these stupid flipper people into foreclosure

This is a stupid thread with stupid replies.

>tee was gifted a house

>>19626330
Doesn't refute anything but ok. As you were OP

>>19626712
hahahahahahahahhahahahahahahahahahahahaahahahahahahahahahahahahahahahahahahhahahahhahahhahahhahahahhahahhahahahahahahahahha
*wheeze*
hahahhahahahahahahahahahahahahhahahahahahahahahahahahaahahahahahahahahahahahahahahahahahahhahahahhahahhahahhahahahhahahhahahahahahahahahha

>>19622823
Might just be your tastes. I’d much rather visit wherever I want and come home to a place where I’m not getting monetarily fucked every minute I’m there. Have to find houses that you can make money on though

Quit spamming these shitty threads faggot. Sage.

The manchild life is great. Can spend time playing video games instead of worrying about what others think.

>>19622823
You and your friends probably run in decent economic circles precisely BECAUSE you're not easily goaded into bad investments by your inferiors trying to shame you. Really the only way to increase your salary is to move either vertically in your current company or horizontally to another, both of which likely require moving if the enterprise is large. Its the same reasoning against buying a home as a post-doc; sure you have options and income, but most of your potential income is dependent on being mobile early in your career.

>>19624247
You have made this same post, everyday, without missing a day, for over one month. If you aren't baiting, I hope you're self employed or have no great ambitions, because real-boy jobs typically need you to relocate. This is more tenable for home owners if you're married and your children are older or on the way out of the house, but if I got an offer to move to Nevada as analytic mine staff, it would require me to offload a house onto the market after only living in my current area for 4 years. But again, you're probably a child, so this is beyond you.

>>19624274
>lol towns never dry up and die because an extractive industry dried up or local manufacturing died to global trade

Go vacation in Comstock NV or Detroit

>>19625839
>posting median stats
>in a country where there are massive price disparities

There is no useful meaning that can be gleaned by median prices in the US housing market. Doing your math based on it is a waste of time, because the actual homes are significantly cheaper or more expensive than that median, very little of the market actually rests at the median level.

>>19626021
$7000 downpayment vs. $7000 in market.
Let's say we have $1k/mo. in house, mortgage vs $1k/mo apartment.
Note yearly property tax, say $1,200/yr. Now, fast-forward 30 years.

own $200k house, let appreciation = repair costs --> $200k
vs.
$7k + $1,200/yr contribution, at 7% --> $189k.

That is without home insurance or home repair costs. With home insurance, est. $50/mo., or $600/yr, we have

$200k - $600 * 30 = $182,000 for the home.

>>19621219
>small farming and paper manufacturing community literally across the river and through the woods from me
>20 min drive from the center of the nearest small city, 60 from the nearest metropolitan area
>not heavily industrialized
>tons of land available
>awesome mountain views
>small homogeneous community
>riverfront and lakefront available
>average home price $150k
>active listings are $50k to $300k
>lots of large farmhouse styles with 5, 6 bed comprising the top end
>2 bed 2 bath ranch set you back $100k, add $30k for paint, furniture, remodeling if you want
I got pilled hard today going through this area, I can actually buy a house
$130k at 6% on a 15Y fixed amounts to $1,097.01 a mo
$1,028.03 at 5%
A downright stupid $780 in a 6% 30Y, $697.87 at 5%
To have a house
And not a shitty one either, a nice mountain home on half an acre with a wraparound deck and updated interior far away from any industry and with good privacy from the neighbors
<10 min drive off the mountain to the local shops on the plateau, 15 mins to the big box stores and malls past the foothills, 60 mins to a big city
Imagine waking up to a pristine mountain overlook daily
I listened to this board for too god damn long, I can easily afford to put 10% down on this and still have enough cash to collateralize an early credit line for renovations, probably wouldn't need to put up any equity
Oh and the property taxes are a complete joke
Get this: $1,000 measly buckaroons (in NY)
Buying a house is 100% fucking doable and it doesn't need to be a shack either
And 98.5% white

OP is correct, I expect to be drowning in pussy once I buy my house... no one wants to try and date and get to know a girl with roommates stinking up the joint especially if they're other dudes

>>19627329
your entire post is destroyed by the fact interest and taxes are already factored into the mortgage.

and LOL @ you not factoring in home appreciation.

on the high end, home repairs are 1% of the homes value and on the low end of appreciation, homes appreciate 3% a year

what a waste of time your post was lmao

>>19627173
>>19627205
>>19627239
you are incredibly assblasted and I didnt read any of that shit

Wtf I hate grant cardone now

>>19621257
Then sell it when it's time to move and you'll come out with even more money. Keep coping, rentcuck.

>>19621219
>I can not tell you how many girls want to come back to my place when I tell them I have a HOUSE
show us a pic of ONE.

>>19627770
you may have seen this picture circulating the internet, it is indeed me

I am un-cropping an additonal 15% of the original photo (which I will NEVER fully release as to guarantee my ability to prove I am its rightful owner) in order to show my staircase which further proves it is indeed a home.

>>19627913
holy fuck he is literally a Mortgagechad

>>19627651
>I have no response, and I will never actually prove I own land, because I don't.

>>19621219
No family, op?

Still living at the whims of your dick?

>>19628052

Wish I could, currently have ~$40,000 saved up for a down payment.

A 20% down payment for the average house where I live would run me $140,000.

>>19621219
are you a permaneet or something? i see these same threads every day

>>19628212
>pajeet mad people are responding to this thread and not his memecoin shill threads

>>19628251
you didnt answer my question, stop with the projection

>>19628292
>is so braindead he thinks anyone, ever, would take his retatded question seriously
hahahahahahah absolutely ABYSMAL

>>19625880
>taxes, maintenance, interest
You pay all of those, plus profit to your landlord when you rent.

>>19626470
>and invest the other $284,500
What "other $284,500"? Are you living on the street?

>>19628292
>are you a permaneet or something?
>stop with the projection
lelx

>>19628163
>live in a small city
>tfw average house price in my area is $720k
>tfw that includes some really shit areas of the suburb

>>19628315
he posts this same thread every day, and constantly bumps it, sometimes with different IPs. its a genuine question too be fair

>>19622520
Nc, sorry faggot, I dont have a klan membership and like to fuck my sister.

Foreclosure boy I cant get a HOMEEE Watch me get a second LOAAAAAN Watch me crank that foreclosure boy and spend it all on BLOWWWW NOW WATCH ME YOOOOOU

>>19628319
>live in a small city
>tfw average house price in my area is $720k
one of these is true

>>19622998
That's absolutely not true. The bank doesn't own the house. The bank lends you the money so that you can own the house and the arrangement is detailed in the note and the mortgage. If you stop paying the bank the money you owe them, they can take legal action against you (foreclosure) to enforce that agreement and either you start paying or get a loan modification or you eventually lose the home.

Believe it or not- the bank DOES NOT WANT YOUR HOME. They're in the lending money business, not the real estate business. The home is collateral if you stop paying. That's all it is to them. You think the bank wants to pay the property taxes and school taxes and insurance on a vacant home? Why the fuck would they want to do that? They want YOU to do that and for you to pay them back the money they lent you to buy the home at an agreed rate of interest.

What if I'm a leaf and I'm just renting until our retardedly inflated housing market pops. I don't want to be holding a 700k mortgage one a 200k house even if I'm building a little bit of muh equity each month. I have more than enough for a house deposit but I'm not tryna get raped by the inevitable correction and end up hundrends of thousands in the hole. If real estate is anywhere near reasonably priced in your country then I agree with OP.

>>19628362
https://www.realestate.com.au/neighbourhoods/hamilton-2303-nsw

granted its in meme dollars my point still stands

>>19626470
And what do if the Jews hike interest rates to 20% like they usually do every generation?

>>19628342
>immediately points to incest
kek, those step-sister porn videos are really fucking with your brain my dude

>>19628509
>what is a fixed rate mortgage

why do rentcucks comment in these threads when they dont even understand the basic principles of mortgages?

>>19621423
What if the house is in your name along with mommy and daddy...?!

>>19628530
What is a mortgage renewal?!

>>19628503
Not sure I'd call half a million people a "small city".

https://en.wikipedia.org/wiki/List_of_suburbs_in_Greater_Newcastle,_New_South_Wales

>>19628546
>What is a mortgage renewal?!
Something non-Americans do.

>>19628546
>retarded Canadian rules
get the fuck out of my thread maple nigger

>>19621745
>Right now is a terrible time to buy tho...
why? Interest are low

>>19627571
where?

>>19627592
imo I think maybe the best of both worlds would be to rent a house. Gives you the flexibility, less risk. I don't rent a house currently because my city is sketchy (high theft/crime) and this apartment is a comparable price/mo., gated, pretty nice, mostly old people. I don't own because the location sucks but I make a lot of money here.

>>19627626
I just said let appreciation = repairs. Google says appreciation between 3-5%, and repairs between 1-4%. So, it's not unreasonable. Also, I forgot to add the cash that would've been repairs to renter's market money.

And, note inflation. Appreciation doesn't include inflation, while the stock market's 8% does. So, let's add on 2% to the 7% market growth you allow us.

$200k house +4% appreciation -2% repair --> $362k
if repair is 1%, then --> 485k

7k in market + 2% of annual house value for repairs --> 800k
(which if you're curious,
sum_{i=1}^{30} 1.09^(30-i+1) * .02 * (1.03)^i * 200k,
since the first year's repairs compounds 30 times, the 2nd, 29 times, etc., and it's 2% of the year's house value. )
If repairs were 1%, renter goes down to $400k.

The above didn't include home insurance. Suppose that's $600 per year, then that is -$18k to the house, and +$81k to the renter. Also, $600 is on the low end, it seems like it's more frequently $1k-$2k range, from quick google, but whatever.

>>19627913
>only has one pic of himself standing next to a girl in a house so he has to save it carefully to prove it's real
lol

Daily reminder if you have a mortgage, you don't own your house

mortgage cucks don't own their house, they are just renting to own from the bank

>>19628732
k, if you're getting that technical go ahead and calculate the 30% paid interest tax deduction homeowners get

>>19628732
>only has one pic of himself standing next to a girl in a house so he has to save it carefully to prove it's real
didnt see this part of your post. LOL @ responding to it tho. umad, uggo?

i have plenty of pics with me and grills my dude. just none where its blatantly obvious im in my house

>>19622823
>>19627173
The opportunity for jobs one can find in moving is a pretty big thing. I'm hoping the future brings more remote jobs, since it'd be nice to choose both whichever job and whichever location you prefer.

the main benefit to owning a house is that you can customize it, and you can feel certain that you will be living there long-time, whereas even if you rented a house, I guess you'd miss out on that, and you are not entitled to keep living in the place once your lease is over. I'd like to garden and do beekeeping. However, if that doesn't weigh very heavily (which it doesn't, for me), I think it is much better not to lock yourself down to one location.

>>19628840
nah. you can find an accountant to do tax shit. there's too much in taxes. But quickly using
https://www.mortgagecalculator.org/helpful-advice/home-ownership-tax-benefits.php
says it's not that beneficial. You forgo the standard deduction, after all.

>>19628886
congrats you took a pic next to women, very impressive. anyone at a party/club could do that.

>>19628840
This is how everyone knows you're larping. You don't even realize how tax deductions work.

>>19628755
I responded to another dude saying this earlier, but that's just not true my dude. Homeowners do in fact own their homes. An obligation to repay the money lent to them by the bank to buy said home does not negate this fact. The bank does not own the property. That's just factually incorrect.

>>19621257
Selling is imo easier than applying at new landlords

>>19628952
entire post is STILL debunked by the fact
1) the mortgage remains the same when PMI ceases

2) a monthly mortgage payment and rent would be the same (they're not, $1,500/ month median for rent, $1,100 median for a home, see pic above)

3) most importantly, rent NEVER increases over the course of 30 years which is hilarious

>congrats you took a pic next to women, very impressive. anyone at a party/club could do that.
kek, you're unironically jelly

>>19621219
Extension: people who do not own several properties and rent to others are losers with no potential to manage others or lead.

>>19621219
Want a house? FUND solves this
Want money? FUND solves this.

Buy FUND.

>>19621423
Nice try, Schlomo.

>>19621219
Are you really this afraid that your loan-financed rent business is going bankrupt?

>>19628732
>repairs and insurance costs
Your analysis ignores that rents increase and that renters insurance is a thing too.

>>19621219
Buying a home is when you become a mortgage cuck. It's cheaper and easier to build it yourself.

>>19628292
Poo in the loo, not in designated streets

I still have a negative networth, and work 14+ hours a day.

HOW THE FUCK CAN I BUY A HOUSE?!

I do put most of my income on the stock market and crypto, so maybe one day....

>>19628577
it is on the greater scheme of things when you think about it. sydney is 2 hours south, which currently has one of the most overvalued property markets on the planet, and they have decided to move north and ruin ours

>>19628990
>The bank does not own the property.
Read the terms of your mortgage more closely, you imbecile.

>>19621219
>$170,000 house
Doesn't exist here. That's a mobile home in my area, a decent house costs 500k+.

>>19629461
>Read the terms of your mortgage more closely, you imbecile.
Answer me this: Can the bank sell your house?

>>19622520
>$165,000
>shitty little house
>people everywhere
>no privacy
>next to the road
>cars and sirens all night

Reminder that every time you see this faggot post his identical thread (which he does, every day, without fail) if you demand he shows timestamped proof of having a land title, or a deed, or even a fucking loan approval, he can't.

He does the same song and dance a shit coin pusher does when you demand he post his hands

>>19630072
>keeping your title/deed inside your house

spotted the landlet

>>19621423
>Imagine caring what some dick breath faggot thinks
Hahaha I’m 26 and living rent free with my loving parents. Saving 80% of my salary for investments, will be in the top 5% net worth for my age group soon. Seethe harder

>>19629118
>debunked by the fact
You aren't "debunking" anything without numbers.

Also, wtf are you doing with median apartments? I imagine the majority of apartments, that are pulling up the median, are just going to be located in high-density, expensive areas like NYC. I've only lived in low CoL and have yet to find a place where I couldn't rent for <$1k for studio/1br. The reason those places have more apartments than houses is because land is so damn expensive / in demand that it doesn't make sense, if you own the land, to build a house instead of an apartment complex. It doesn't make sense to compare median apt, median house, when you cannot even find a reasonable house vs apartment in whichever city, etc. What are the costs when you account for geographical area?

Investopedia says PMI "typically run about 0.5 to 1%" of your loan balance per year. Do you mean that PMI is included in that $1k estimate/mo.? What loan/property tax are we actually even talking about? Also, what are the prices in this particular house's geographic area for apartments?

And sure, I can account for minor increases in rent (about inflation, maybe more just because again, apartments are going to be in more in-demand areas). But if we're gonna talk about those in-demand areas, we're gonna be talking about more expensive houses that probably are in a seller's market -- perhaps more cash would be needed upfront.
>>19629186
and the renter's insurance, which for me is just $70/yr.

Note there are also serious risks involved with a house, like acts of God or poor people moving in, dropping property values. With an apartment, if shit happens, you can just move.

Anyways I don't see how owning a thing that is $170k + a bunch debt signals positive things about you any more than putting all your money in the market. You can even rent a house if you wanna look cool in front of people lol.

>>19626021
>Live with parents
>No rent
>Infinite tendies
>Save and invest bennies
>Parents die
>Life insurance pay out
>Inherit estate and house

Irrefutably the best plan of action, only retards leave the nest to get $170k in debt for dirt and bricks

>>19629520
If you don't pay them yes they absolutely can.

>>19630199
>Note there are also serious risks involved with a house, like acts of God
lmao, did you just forget talking about insurance?
>or poor people moving in
People can't just start living in your house without your permission.

>>19630234
They can't sell it unless they foreclose on the mortgage and take possession. Until then you still own the house.

>>19630327
usually insurance doesn't cover acts of god. for someone calling others a landlet, presumably a homeowner, you are a brainlet for not being aware of that.

and by poor people moving in, I mean like if your neighborhood becomes a ghetto (because certain "people" move into the houses near yours), your house value will go to shit.

>>19630448
>usually insurance doesn't cover acts of god
Usually it does (except floods and earthquakes).
>and by poor people moving in
If they're poor, how are they buying a house?

Living With Parents Gang rise up

i cant think of anything more cucked than buying a house at the peak of the bubble

>paying interest to the Jewish mortgage companies
>not renting the cheapest hovel you can find and investing the savings
Never gonna make it

>>19621745
>Right now is a terrible time to buy tho...
why? Interest are low

>>19621606
Hahaha biz. I heard this community had an affinity for black men. If you support BLM please look into FLYD coin. You can find it on uniswap. Or visit the website on this.. pic related

>>19630199
I used to be a brainlet like this too, so I feel you bro. Sure, living with 3 roomates in 50 sqft and sharing one bathroom in a "cool" "hip" "trendy" city for 1k is going to beat out the 750k+ mortgage payment in that same location (albeit marginally with those same 3 roomates). Also, unless you're making ridiculous bubble tech-meme money you'd be better off "losing" money to live in a mid-size growing city vs san fag.

What you truly fail to factor in is how ridiculous our national debt and desire to just keep printing money for niggers is. Of course, wages will continue to not keep up...but we're entering hyperinflation whether you like it or not. A fixed rate mortgage of 300k will be literal chump change/the cost of a loaf of bread in a decade, while your "sick" tesla redditnigger gainz will obviously continue every single year compounding for eternity and arent just, AGAIN, nigger africans getting government gibs to make unsustainable cars.

>Right now is a terrible time to buy tho...
why? Interest are low

>>19626470
Idiot imagine being this stupid not realizing the intangible cultural value of owning your own house. Also if you lose your job and it's paid off you live for free

>>19621257

I am 27 , net-worth (without money from my rentparents im living with) is round about 65k€. am doing 200€ per month for no work am planing on retiring with mid 30s

Meanwhile my other 27yr.o coworkers:

>living from paycheck to paycheck
>having throatdeep debt
>living from huge apr% bankaccount credit
>they will probably wagecuck until the very last breath of their life
>have 0 investment and 0€ saved
>will probably suffer from being poor (pensionwise)
>a few still live with parents
>have car credits
>looks wealthy but is poor af in true
>have no real estate

>he had to buy a house to get laid
Maybe take that away as a selling point. I got laid at high school and most non spergs did too

>>19633443
>if you don't have a house you are a loser
This guy is a faggot
>you're a sperg if you don't fornicate wildly like the tv told you too when you were young
You are also a faggot.

>>19622520
> Raeford, NC - Average income $33K. Average home price $177K
I live in Cary, NC about 1 hour away and the average income is $95K. Average home price is $396K. So that house is expensive as fuck for the type of jobs you have in your area.

>>19633485

>>19631681
how old are you? 10?

>today, baby learns about home insurance, property tax, and maintenance costs

>>19634140
>if you disagree you must prove you aren't an ill defined insult.
Stop shit testing other men, it's feminine, a strategy women have to use because they can't win on merit.

>>19630199
>You aren't "debunking" anything without numbers.

mortgage: $1,100
rent: $1,500

mortgage includes all taxes and insurance, appreciation offsets home repairs (lol)

wow, would you look at that.

rentcuck invests his $7,000 saved @ 9% ROI and has $92,000 after 30 years whereas the homeowner has over double that in equity

>>19633595
like 45% make a living wage...its '"The population of Raeford, NC is 43.7% Black or African American" that brings it down. Still 5x vs 4x, but not terrible. Under 3x if you take the white median with low skill/pt wife.

Stocks offer a better real return on your investments than real estate.

>>19634349
>somehow figures out a way to insult women in his post
hahahahahahahahahahahahahahaha poetry

>>19634426
wrong. equity builds at a quicker rate than the ROI on a 3.5% down payment

>>19634444
This isn't going to make women love you.

>>19633595
>>19634423
effectively its <2x wages now that i looked at it objectively, that's even some spics making it.

>Raeford violent crime is 30.8. (The US average is 22.7)
>Raeford property crime is 60.9. (The US average is 35.4)
You just get what you pay for.

>>19634582
whoa cool, being a bitter incel doesnt make you any less ugly

>>19621219
People who value the worth of others or of themselves by what or how much they own are children.

You're going to die anon. Everything you acquire in this life you are going to have to let go. You're going to have to face the music, the truth of how you lived. It's going to be scary, painful, and you're going to remember all the warnings people have given you that this would happen. The only "thing" of value then is the quality of your mind, the quality of your consciousness. That is affected by how you live, how you think, how you treat others. Everything else is transient, comes and goes.

That said, yeah, buying > renting.

>>19621423
If you have a decent relationship with your parents you should save there until you can buy a house. No reason to piss away rent just because of social pressure like an NPC.

>>19634564
nominal return =/= real return

Stocks are the best way to grow your money, not by investing in real estate. I'm not sure why you think this is a false statement. It's literally true. But enjoy purchasing your overvalued real estate, only for it to depreciate it when the market pops, faggot.

>>19634791
>"muh stocks will perpetually increase in value"
>"WE'RE IN A BUBBLE"

C O G N I T I V E
D I S S O N A N C E

also
>less money is better because at least I made that money in the stock market
retard

>>19634741
spiritual agnostics are the biggest retards on the planet.

>>19632017
being a homeowner in your 20s in the biggest mog to fellow 20s bros, and even people in their 30s/40s as Gen X was late getting on the mortgage train

>>19635472
yep :^)