/biz/ - Business & Finance

>paying $1500 a month for borrow a house

>>19853469
>slaving away 30 years for something that'll lose value

>>19853469
>pay 800k for a house for 2 decades
>some meth (or whatever new drug they come up with till there) cooker moves in your neighbor
>tanks to 200k

>>19853370
>risk
Theres this little thing called "insurance".

>>19853509
thats why you buy in mostly asian neighbourhoods my area is almost entirely korean and chinese, real estate agents use ethnic networks and even price the houses with lucky digits guaranteed safe investment for at least 30 years

>>19853479
>>19853479
and renting a home you’ll never own is “value”? lul

>>19853509
yes this happens every time

>>19853560
>"renting" a food you will shit away and not own is retarded

housing is a basic need like eating, you are renting a service. I'd rather invest the money for the mortgage than get tied up to something for 30 years.

>>19853479
>what is wealth transfer
Also stop living in shitholes dumb nigger. Name any major city that has property which isn't worth more than it was in 1990.

every investor knows this. only smoothbrains that fall for boomer memes are buying homes.

>>19853605
Your train of though holds almost no value because with today’s low rates you’ll probably pay the same or even less monthly than what you’d pay rent. Even if you factor the extra cost of interest you can always just pay it off quicker. In your case you get nothing back on rent.

A house is a liability unless you buy it straight up with cash or you rent out a room

>>19853536
>Theres this little thing called "insurance".

>>19853680
are you comparing rent vs (principal + interest) or rent vs (principal + interest + taxes + maintenance + insurance)

>>19853370
imagine not buying acres of land for the price of renting a cuck closet for a year, and then building a house on it with your bare hands

>>19853880
The latter. I recently bought a home for $275k at 2.75% interest (30 year). My monthly payment is ~1350 including loan, property tax, and insurance.

>>19853370
I dunno, bought a condo 3 years ago and it's gone from 170k to 410 since then. Sounds like you need to learn how to make better decisions.

>>19853955
What was your down payment? What's your income and credit score?

>>19854018
Put 20% down to avoid mortgage tax. Credit score 750 but needed my dad to co-sign because I run my own business and didn’t start paying myself until this year. They wanna see tax returns.

>>19853702
Cherry picking at the start of the 90's bullrun is dishonest, why didn't you pick the start point at the height of the tech bubble?
Housing is usually leveraged at low interest vs stocks which are not leveraged. Most people don't have $200K to put in to stocks
You can live in a house, you can't do anything with a stock

>>19853370
Finally a thread with some sense to it

>>19853929
How do you do this and also have internet?

I just want a nice comfy cuck shed for my wife's black bull, I don't care if I own or rent it for him, money is not a problem, my wife's biological needs are

>>19854213
Based

if you live in an area where population increases at any measurable percent year after year, buy. if your area's population is either stable or decreases, rent. any other rationalization is cope.

>>19853370
>don't take advantage of cheap leverage subsidized by the government
>associate with the other broke renters in your neighborhood instead of other successful home owners
>ignore the fact that you can just walk away and leave the banks holding the bag if it all goes tits up
OP is a jew who wants you all to be poor forever.

>>19854213
I hear you bro

>>19853370
Bruh if you aren't poor then it's not 40-80% of your net wealth. Owning land is always good.

Buy some Suterusu today and buy a house in 2 years time.

>>19854112
are you mentally disabled

>>19854081
>Most people don't have $200K to put in to stocks
that's a bad argument as you can (and should) simply buy stocks monthly such that even if you started buying near the top of the bubble, you'd still make a huge profit long term. And you wouldn't be paying any interest, you'd be EARNING interest on them long-term.
>you can't do anything with a stock
you can earn dividends, stocks are a source of income.

>>19854081

i don't think that's cherry picking. that's actually going back further 10 years and the performance speaks for itself.

sure you can live in a house. but it's an illiquid asset. you can't sell it quickly enough if you needed some liquidity. sure you can get an heloc but you would need equity on that property.

stocks generally they are VERY liquid AND they pay dividends. you have more flexibility with an equity portfolio.

>>19853647
i'll let the pic related speak for itself
all the major meme cities in the west are going to end up in the same fate
commiefornian shitholes headfirst into the breach

>>19854941
You mean all the money printing is going to inflate home prices and screw renters... sounds about right...

>>19854962
money printer goes brrrr only inflates assets the elite hold
assets that are priced determined by the commoners are going down because affordability is on a non stop escalator down
the only way that the money printer inflates the housing price is if blackrock buys up all the real estate to turn the west in a rentiers hellscape but you as an individual cannot profit from it
quite the opposite they'll use zoning laws and real estate taxation to steal your property from under you if that specific future comes to pass

>>19854429
Cost of real estate is relative. You can't compare shit tier state prices with California. I rent for 1600/mo and houses start at 850k and you barely can buy a 1 bd for 500k+. Renting just makes sense

>>19853370
There are tax advantages to owning a house though. You have to pay tax on your REITs gains. You wouldn't have paid any taxes if you owned a house instead. iInb4
> property taxes
That's not what I'm talking about, you pay those if you own REITs too. And they're priced in.
I have $850k. I bought a cheap (by my city's standards) apartment for $200k. In other words, 25% of my investments don't get taxed. That's a big deal if you live in a country with a high capital gains tax rate.

>>19855051
In the US there are tons of ways to put away money in tax advantaged accounts though. If you're at the right company you can be investing close to 60k/yr pretax money. Just seems more worthwhile to max out those accounts before saving for real estate.

>>19855038
There are markets that are better renting than buying in some places but still doesn't change the fact that you shouldn't be spending more than 25% take home. >>19853370
Where are you getting 40-80% no more than 25%.

>>19855121
I'm not American
> If you're at the right company you can be investing close to 60k/yr pretax money
You get taxed on the gains and can't withdraw the money until retirement though, right? It's the same in my country, thtat's just a private pension.

Also, I'm not a wagie and I don't worry about my retirement. My plan is to become a multi millionaire in my 20s, not when I'm a 70 yo retired wagie boomer and look like a raisin.

>>19855211
If you're not already changing the world you're behind on making it big in your 20s. gl biz major

Also, there's ways to withdrawal tax free pre retirement age. Also pensions usually don't give you freedom of choice in the investments.

>>19855211
>My plan is to become a multi millionaire in my 20s

If you want God to laugh tell em about your plans

>>19855302
> If you're not already changing the world
in a big way (and neither are you most likely). But I'm making big money and I have lots of time to travel and enjoying life. Can't say I'm jealous of wagies who spend their youth in cagies.
>>19855334
Have around $800k so far, make $150k-$250k/ year post tax and save most of my income. Made all of my money on my own. Stay mad wagies. Enjoy being rich for the last 10 years of your life (5 of those will be in a retirement home with alzheimers). That's not my dream, but I hope you'll enjoy it.

>>19855302
> If you're not already changing the world
I'm not changing the world in a big way (and neither are you most likely). But I'm making big money and I have lots of time to travel and enjoyi life. Can't say I'm jealous of wagies who spend their youth in cagies.
>>>19855334
Have around $800k so far and I save most of my income. Made all of my money on my own. Stay mad wagies. Enjoy being rich for the last 10 years of your life (5 of those will be in a retirement home with alzheimers). That's not my dream, but I hope you'll enjoy it.

>>19855211
so you are not american, live in a high cap gains country and you made almost a mil from a wage as i follow the wording you used in your posts
i would be very interested in how you did that as that is very hard to do

>>19853370
>Paying Jew rent to mr goldburgstien who can get rid of when he wants to sell up

>>19855462
Are you an influencer anon?
Does tick tock pays well?

>>19856254
>from a wage
I'm not a wagie. I run an online business. Of course you won't become a multi millionaire in your 20s by playing by the rules and becoming a wageslave. Wages/ careers aren't designed to make you work for a few years and then retire lol. You will slave your youth away dreaming about how great the future will be once you get X promotion and Y raise. Then suddenly you're 30 and you FINALLY start making somewhat decent money (assuming you have a good career). But of course you can't slow down now, you'll have to keep working hard if you want to get promoted to a senior position. So you slave away your 30s too..
If everything goes well and you're a good wagie you might have a job that pays well ($150k+ post tax) by the time you're 40. So after 20 years of slavery you can finally start putting a decent amount of money into investments. But of course you can't quit your career now. By the time you're 40-50 yo you'll be wearing golden handcuffs and you'll have deluded yourself into thinking that work = life. So actually you don't even want to be free!! You want to keep being a wagie!! So you keep waging until you're 65 and now you're FINALLY rich and can start enjoying your life a little. Maybe you will start working part time... maybe..

I did the math at an early age and realized that it's extremely unlikely you'll become rich while you're young if you choose the wagie path in life. And the few wagies who do make good money in their 20s/ early 30s are never the types of wagies who end up retiring early/ working less hours. They live and breathe for their careers.

With a few exceptions (inheritance, lucking out on gambling/ "investments" etc.) all the people who make it in their 20s AND have time to enjoy it are self-made. But of course it's not easy.

>>19856608
Online businesses are out of style.
The fact of the matter is that anything can get yhou decent money but anything that can requires a decent amount of luck. There is no path from "poor son of a bitch" to "rich fuck" that does not involve some luck. Most people take the wagie path because they have to, not because they can't think of another way.

>>19853370
I've seen a lot of bullshit on here but this is absolute seething renter cope.

>>19853536
Your mom has insurance

>>19856720
> Online businesses are out of style
what
it's literally the only type of business that is "in style" right now lol
> anything can get yhou decent money but anything that can requires a decent amount of luck
If you're smart/ talented, have a good idea/ can think outside the box and you work hard then there's very little luck in starting a small/ medium sized business. It's just that most people simply don't have what it takes to make it on their own.
And that's why they become wagies. It's the simple path through life. Of course some people become wagies because they genuinely are really passionate about a particular subject (e.g. philosophers, phycisists etc.) and don't care as much about money. And that's fine.

But if you're smart, hard working and can think outside the box then the wagie life is almost never the best path to getting rich early on in life (unless you luck out on equity in a succesful startup or something like that).

>>19856375
No and yes if you know how to leverage it.

>>19856860
Yeah but having the brains to have the right idea, at the right time, is a part of luck in itself.

>>19856897
yea, there's a bit of luck involved there. But you don't always have to reinvent the wheel. You don't have to come up with a revolutionary idea to start a succesful business.
Something as simple as copying/ adjusting a business idea from a different country/ city/ market to your market or spotting inefficiencies in exisiting businesses can make you succesful.

Imo coming up with good ideas isn't the main problem. A lot of people could probably come up with some half decent business ideas if they spent a lot of time researching/ thinking about it. The biggest bottleneck is not having the balls/ willpower to take the first step and a lot of people simply just suck at running businesses.

>>19854941
You got a similar chart for the uk?

>>19855462
How did you do it?

>>19853370
> paying overpriced house prices and not waiting for the great boomercalpyse to buy cheap houses
ngmi

If you're looking at a house as some investment, yes op is right. Houses are shit tier investments but it's hard to beat the freedoms of an actual house and not have to share it with everyone in your commieblock.

bought my home for 350k
over halfway through wiith the mortgage
currently valued at 750k
and it'll comtinue to soar because i do not
live in some shithole flyover and my neighborhood has invested a couple billi in maintaining, upgrading and improving my wondeful top tier city
but yes yes yes l
keep seething rent cucks
because we already know
ONLY A PATHETIC POORFAG can seethe the way you do about utter strangers buying and owning a home like a sniffley hooknosed bagholder (worthess swamp land)

>>19857158
Where do you live?

>>19857175
In his mind. What's more telling is he didn't even mention when he bought it.

>>19853370
I fucked my landlords wife and now he has to raise my kid. Plus I constantly throw parties, have my four dogs he doesn't know about causing wear and tear on the floors, has to fix everything for no extra charge. Meanwhile I sit comfy with my tellor and link while his "investment" plummets due to niggers burning down the surrounding neighborhood while I can stop paying whenever I want. Landlordcucks are truly stupid

>>19853702
all this house price indecies do not take account upkeep and repair costs that are piled in the houses, so actually the returns are lower

stocks outperform real esate thats just a fact

retail investors only make more with real estate compared to stocks because they buy real estate heavily leveraged (i.e. with a mortgage),

OP is still stupid,
if you're looking at personal housing (i.e. a place for you to live) you should buy if the mortgage payment is lower than what rent would be, else don't

how is there discussion about this?

>>19856608
yeah you don't need to type all that out everybody here knows that
the question i asked you is how did you achieve that in your 20's?
creating your own business or going the investing/gambling route takes startup capital which if you are born a pleb requires waging in your 20's so you can start in your 30's
so what trick did you use to bypass startup costs?

> you're a good wagie you might have a job that pays well ($150k+ post tax)
outside the us they are few places that offer this type of employment, chances are good you'll never even reach escape velocity with a wage the way living expanses are rising

can you at least say what city or country you are in, that way we can at least know what we are arguing about
in this place they are way too many shills and larpers and if you make extraordinairy claims you should back it up with something tangible or be catergorised with the larpers

>>19857583
>Shitskin doctor
Cringe.

I'm actually looking into buying an acre or two of land in PA and build a home on it. It seems cheaper even if its involved and i get a new custom house out of it.

USDA does 0 down low interest mortgages in town less than 35k people which is a lot of people. Anyway, on their website calculator, it said I'd be approved for a $120k loan @ $500/month. Im looking at eastern PA and found lots for $5-20k, then use the rest on the build.

I was looking at what regular banks do if you wanna build and basically it works is ypu get a short, one year construction loan with 20% down required. Then when it's done you mortgage the finished house. I feel like kikery happens this way.

Anyone with experience can shoot me some tips or in the right direction?

>>19853605
Mortgage is cheaper than rent.

>>19853509
>buying a wagebox in a neighborhood rather than a homestead on land
ngmi

>>19854112
You get a wireless plan and usually put a tower up on the property. Lots of options. Least useful is satellite internet if wondering.

>>19854213
you are supposed to live in the cuck shed. your wifes bull sleeps in your wifes bed

I got a 0.3% fixed interest for my housing loan(EU) so of course i buy a flat.

>>19857935
Anyone?

>>19857726
cringe on you
t. shitskin doctor

>>19853370
C O P E

RENTKEK

>>19853370
unless you can benefit from depreciation and primary residence tax breaks, owning real estate is not for you

I'd rather rent and just invest my money in stocks until I have enough to build my own house.

>>19853605
Don’t buy a house you need 30 years to pay off dummy. You probably can’t afford it.

>>19853370
>Take that extra money you aren't spending for a house and invest
But renting is more expensive than buying

>>19854734
>is a rent cuck
>is also a divie cuck

This whole thread is just children who never owned a home.
You have no idea how different it is to own your home versus renting and what you can do with it and how FREEING it actually is. Also mortgate rates are below real inflation. Not getting a mortgage is retarded.