/biz/ - Business & Finance

They exist only to wage-slave their existence to pay off that home.

Let em do it, we need em too.

>>22145728

Even if my equity goes to zero I’m still saving money with my mortgage payment being so low due to these interest rates.

>Limited supply of land
>Increasing population
>Inflation
Probably will be

>>22145728
Can't wait for them to realize the mistake they've made and end up with negative equity

>>22145783
This. Plus I’d have to pay rent anyways and there is no fucking way I’d get a 2500 sq ft apartment with a backyard for what I on my mortgage each month.

a mortgage is basically a 4x long on house price inflation

>>22145783
>Even if my equity goes to zero I’m still saving money with my mortgage payment being so low due to these interest rates.

>>22145728
Boomers, including the degens running this country, are the delusional ones for ruining the economy and basically getting rich for free just by living during the tech stock boom.

>>22145728
no but if you get into an area pre-gentrification you can make a tidy profit if you can deal with blacks and mexicans for a couple years

>>22145890
Don’t kid yourself those boomers got rich by ruining the economy and fucking destroying the job market for young millennial boomers.

>>22145728
mortgage rates are pretty sick rn. I only pay slightly more monthly on a 1500sqft house mortgage than when I was renting 1BR apartments

>>22145861

Cope. I pay $1600 a month for a house that would rent for $2500 in the suburbs of a major city. With the Fed money printer (inflation) this house will rent for $10k nominal in a couple decades.

>>22145728

It’s funny how zoomers who are afraid of hyper inflation put all their money into buttcorn and silver as a hedge but simultaneously think house prices will perma crash.

>>22145937
i think that just means rent's fucked up

>>22145993
Not sure what zoomers are doing that. Only retards believe metals will save anything.

Just get in on this clown market, been going since 2008 aint' stopping anytime soon.

>>22145728
What if they just want to own a home, pay it off, and pass it down to their kids so they don’t have to get a mortgage when they’re adults?

>>22145993
They’re dumb. While mortgages are cheap right now, they aren’t handing them out to any dipshit with a pulse like they used to pre 2008 crash.

>>22145728
its still a good investment considering in 10 years they could just sell it and have a few hundred thousand dollars in their pocket

I want to buy a place eventually but it feels like prices are just fucking ridiculous. In Australia it's a disease, you need to take on a suicide tier mortgage to get a place some boomer bought for peanuts. You have to out buy overleveraged investors, kids with bank of mom and dad, or Chinese capital flight, and the house will be a piece of shit filled with the cheapest diy fittings and unqualified trade work. Apartments are even worse, new ones are defective and old ones will have strata/hoa fees that basically pay some guys wife 80k a year to maintain some shit garden. Its literally buy something shit on the cheap, dress it up with plastic and create a mass ponzi hysteria with no substance. All I can see it as is a uniswap pump and dump, am I too jaded or is it really a scam?

>>22146044

true. only the old boomers running the CBs are buying gold.

really activates the almonds!!!!

>>22145961
>With the Fed money printer (inflation) this house will rent for $10k nominal in a couple decades.

>your grandparents got jobs that now require a 4 year degree just by saying "I'm your man" and a strong handshake
>your grandparents were able to afford a house, car and family on an entry level salary
>a mortgage wasn't a lifelong commitment

Yet were just lazy

>paid $204k for a 2500sq ft house in a comfy suburb in 2010
>It's worth 255k now

25% gains aren't earth shattering but it's better than the 0% I'd have gotten as a renter.

The property prices are so fucked here in Cambridge UK, £300k + for a fucking small flat

Well what's the alternative? Pay the same in rent and not have a house? Live at home and not have a family? Yeah nah.

>>22146236
Stay well away from apartments, aust government won’t let the housing market die its propping up the economy lol. You are spot on with beating out other ppl however. It’s pretty hard. The key is knowing you are overpaying going in but at least be happy with what you’ve got for the price. Otherwise resentment will build and if you overextend will crush you financially. Also stamp duty will hack out most of your deposit so budget for lmi or save more. The catch 22 is that by the time you save more you need more because everything’s gone up. Lol

>>22145961
>Cope. I pay $1600 a month for a house that would rent for $2500 in the suburbs of a major city. With the Fed money printer (inflation) this house will rent for $10k nominal in a couple decades.

>>22145993
Houses are already inflated. Shit investment as boomers sucked out all the gains.

Just looked at one and it's literally £320k for 478 Sq ft...

>>22146420

>>22146567
Is it ever going to go down?

Zoomers have no experience of house price declines.
House prices are anchored to multiple of earnings and the banks willingness to lend.
Banks have already deleveraging risk by removing higher LTV mortgage products. Pensions funds have suspended property funds due to incoming ‘volatility’.
There’s going to be millions of unemployed and defaults yet you zoomers still think house prices goes up in recessions?
The boomers really did dab on you poor souls with ‘bricks and mortar only ever goes up’ meme.
Pro tip: inflation is coming. When that gets out of hand what happens to interest rates? Lots of over leveraged mortgage debt goes pop.

>>22146459

I just don't understand how the fuck anybody affords the repayments lol. I'm not interested in investing but will want a place when I have kids, not locked into a major city at this stage so that's a plus.

>>22145728
nice fud, home ownership is the very foundation of the wealth the boomers have lol. not their fault x/y/z are retarded and dont get it. as for me, 31, homeowner, and would not have it any other way. stay poor ;o

>>22146589
Not until the chinks keep buying shit up/building more garbage commie blocks while charging so much for rent that they stand there for years unoccupied
We need a massive change in laws regarding old building, lands.
Ofcourse that wont happen cuz the counts that owned these lands/buildings for generations are also controlling the parliament

>>22145822
>Increasing population
>implying people aren't starting to wake up the demographic replacement migration policies pursued in their countries
>implying parasitic kikes exploiting the situation with the housing market will escape

>>22146722
What do you recommend for a 26 year old? I have enough for a down payment, I see myself staying here maybe 4-5 years but not longer. If I buy now, can I repay the mortgage in 4-5 years then flip the flat?

>>22145750
haha

dont forget after you pay for the house + interest you now have to continue to pay for property tax

>>22146236
If you can work from home for the next few years. House prices in smaller regional cities and towns look pretty comfy to me. $250,000 for a three beddy in Gippsland.

>>22145961
>the fed can create inflation
Care to prove that statement?

>>22145728
It'd be nice if it at least kept up with inflation, but seeing as the housing market has been inflated so much in the past few decades I don't see that happening with the correction that will have to occur if housing ever becomes affordable again. Any retard with at least a 70 IQ can understand that it is unsustainable for home prices to consistently outpace the stock market and inflation, and that this will result in homes being unobtainable for anybody without a money printer.

I'd recommend people just buy a cheap home and put their money elsewhere. Overpriced homes are going to lose a lot of value when the correction occurs, so it's a bad idea to tie a significant amount of one's wealth into one. Shelter will always be valuable, so cheaper homes won't lose as much value, and someone who buys a cheaper home than he can afford and puts his money elsewhere will lose even less proportionatr to his wealth.

>>22146645

Meh ive given up on a crash coming anytime soon, Maybe by that time ill be able to afford 55+ housing heh.

>>22146772
Do not invest in the UK
Its run by absolute retards, the native population is getting actively replaced, taxes are getting higher and higher (40% capital gain lmao), by the time you will have kids the country will be a full blown commie dystopia
Try to learn another language and leave, or just go to the USA
I went back to hungary after the handling of covid garbage and BLM bullshit there, when an ex commie country like hungary has a better future ahead than your country, its time to leave

>>22146772
No you’ll be stuck in negative equity. It’s actually a thing, look it up.
Low demand for flats going forward (more lockdowns, better value further out houses with gardens, WFH the new work environment etc) in London nothing is selling or at deep discounts. A fun addition here since Grenfell is that all flats needs fire safety certificates otherwise mortgage valuations are zero. There is a 6 year waiting list.

>>22146922
Good advice fren, thanks. I agree

I think a lot of Zoomers have no clue what they are actually in for, living in Mum and dads million dollar house. Come out of school no earning power, no savings, wanting the best car and house then do some sums and find out they don’t even qualify for a dogshit house and land package in the middle of nowhere lol.

>>22145728
If the West keeps producing nothing and exporting culture and cleanliness by selling land to sweatshop owners, then sure. They'll be better off when people are asking whether anyone remembers when you could be in a one bedroom apartment without a roommate.

Also, thirdworlders are OK with living in hives and so will take on group mortgages so long as immigration keeps pace. Their land will be worth many lifetimes of work by the time they retire. If they're childless, they may even be able to retire early and just live off the equity. That or it all comes crashing down and it's not worth living in the west anyways. If they lose, you lose too.

>>22145728
>buy house for 100k 2020
>sell for 500k in 2030
>sell at a loss in comparison to how much gold you get with the money

>>22147078
Where you sleeping for the next 10 tho, on the gold under a bridge ?

yes. all the normies in my office are buying homes now. homes go up brrrrrr

Some major poorfag cope ITT

>>22146382
Grand parents.. how are old are you that boomers are your grandparents, kid.

>>22145728
Still better than wageslaving to pay some kike rent money that’ll you’ll never see a single penny back

>>22146828
have u learned nothing

go brrrrrr

>>22145728
Yes they quite literally do, baffles me honestly

>>22145728
with the x billon non whites mass migrating and money prinitng, try 100x

I'm told buying a house isn't an investment, but that I also should avoid doing any upgrades I want as it would hurt resale value. The fuck am I supposed to do then? At that point its basically renting but I'm responsible for all repairs and get left bagholding if there's another dump. Say I put a gym/office in one room, nice countertops in kitchen at a workable height for people who aren't midgets or hunchbacks, and blow out the wall between two bedrooms to make a half decent master with en suite spa bathroom that has a steam shower and sauna. It's an 1100sqft shitbox but to me the upgrades sound like a bitching bachelor's pad or a comfii retirement place for an oldfag. Do people unironically buy a house this size as a starter and plan to put kids in it? <2 miles to hospital, gyms, grocer, and restaurants, also a 'good' school system. I'm going to do it anyway because it's my fucking house and I want to be comfortable instead of making it to suit someone else's tastes. I just want to know why everyone I talk to says it's a bad idea to make a home comfortable and fitting to one's lifestyle. I either make it and gains eclipse home value or I don't and keep working two days a week while living as best I can in my little sanctuary.

>>22147078
That's like 10 ETH in 2030

The only proper place to house your family is on property you own. That's all I gotta say about this

>>22147546
A house is a place to store your stuff and keep you dry

>>22147834
nuh uh it's my retirement account. and if you want to buy my house that'll be $1 million plus tip. (my tip in your butt)

>>22147834
Interesting take but what about comforts? Why not just rent a storage unit for stuff +staying dry ? A house is where you go to do whatever you want in privacy and comfort as best I can tell. The people who I notice to object to making it comfy aren't exactly misers sitting on fat stacks of wealth while living in a shed.

>>22145961

better off holding Bitcoin

the opportunity cost of holding anything but BTC this decade is absolutely dreadful rn. doesn't matter if it's gold or RE or stocks, if it isn't Bitcoin you're missing out, plain and simple.

>>22146416

lol you could have taken the capital tied up in your downpayment and gone balls-deep on Bitcoin or stocks. renting was the smart move there.

>>22147319
Yea but multiple studies show that QE never actually allows the given economy to reach its desired inflation rates. Other than that, inflation never occurs unless people take out loans, which they aren't doing even at 0% interest rates.

>>22147546
Houses are the easiest thing to baghold because most people can/do ignore the unrealized loss.

10x is unrealistic, but 2x or 3x is very doable for most suburban or metro areas.

>>22148108
This it will be worth a million in the next 10 years. I am buying as much as I can afford every month for the next year at least. I don't even care about the price because it is insignificant in the long run

Everybody is buying houses rn because of the low mortgage rates. If everybody is buying houses and making money you can be sure it won't last long.

>>22145728
My house is already 3x and I'm in my 30s. Im gonna retire early, leave CA, and buy your whole town.

>>22148241
yeah stocks, houses, education just keep going up because they're become more valuable. It has nothing to do with more money being in the system. retard

>>22148241
that's because QE is/was intended to promote disinflation

>>22145728
Oi vey, goyim... what are you doing paying $800/mo for the mortgage on a property that will eventually be yours when you could be paying a (((landlord))) $2200/mo for the same property in rent and get nothing!

>>22145728
I work with a waitress in her 20s who just bought a condo in a somewhat shitty area. (FL)
Waitresses buying houses, is this a red flag? I can't imagine paying 120k for a commieblock to hear the neighbors blasting their bass next door. I would rather just put that money into an IRA.

>tfw bought a property in L O N D O N in early 20s without parental help

Feelsgoodman.jpg

I pay less on my mortgage now each month than I did renting and have a bigger property. Main downside is that I'm that I'm further away from work but to be completely honest at this present moment in time that is less important.

I honestly don't care if the price goes down because that just means I can buy a bigger /2nd property for less.

>>22146922
>40% Capital Gains

ufeckinwotm8, it's 20% or 28% on property and pretty easily avoided

>>22146733

Sounds like a win-win to me anon

>>22148475
> disinflation
Wouldn't that be deflation?

>>22146567
haha and boomers in here saying, it isn't that bad lol. WTF

>>22145728
I know we work on 5 minute candles here but I will do you a favor. Never forget - paper money sucks and money printers go brrrr.

>>22146645
Unfortunately, it will continue to go up. Just watch.

The unemployment of wage slaves doesn't matter bro, honestly. Your the one deluded thinking that the assets will come down, this isn't some 2008 scam.

Even IF prices stagnated, we still have about 20 years of wage depression to catch up, thought about that one yet boomer?

>>22148829
>pay rent 1k a month and own nothing
>pay mortgage 1k a month and own something

Why not??

>>22148747
you are illiterate

>>22148172
>lol you could have taken the capital tied up in your downpayment and gone balls-deep on Bitcoin or stocks.

As yes, "just be psychic bro" because in 2010 we all knew BTC was going to moon violently.

I have about $365k in the stock market tho, been DCA'ing on and off for awhile.

>>22146922
UK hasn't been a good place to invest in decades. Although it isn't for the reasons you are describing.
UK is only 2% of the global GDP anyway, it really is a backwater now days on that side of things. Capital gains Tax can be easily avoided if UK resisidents take advantage of ISAs ect, over the lnong run. Nearly all my investments are tax free this way.

>>22145783
calculate how much Interest you are paying over the life of your loan.

>>22145937
> he makes purchases based off the minimum monthly payment

ngmi

>>22146202
can't wait until you are underwater when the marker collapses

>>22146236
never buy an apartment/condo. what the fuck do you own? think about how interwined you are with other parties


you are probably not looking rural enough for houses

>>22146678
wrong. it was just a forced savings account and some lived in a lucky area

>>22148866
>pay 500 rent
>pay 500 into investments
>make more in the end

also where i live rent is minimum 800 unless you want to live in a closet.

>>22149077
Interest is a fucking pittance if you have decent credit, especially in today's market. If you're buying a home to keep long term now is a great time to buy because interest rates are so low.

>>22147297
Kek. enjoy paying 150k of interest for your first 10 years and the selling at a loss

>>22147546
Depends what you're doing. Nothing wrong with making it nicer. But don't paint the walls bright yellow...

>>22148977
Still think there are good opportunities in the UK desu. The empire is gone but it's fairly easy to make money here from personal experience. Admittedly I don't have personal experience of living elsewhere.

Our nominal GDP is quite substantially higher than purchasing power so if you invest most of your income you'll probably do quite well.

I think the UK has a very bad investment culture on the whole. People are obsessed with property investment over all else. Most people don't invest in shares at all and if they have savings put it all in cash from my experience.

>>22149148
ah yes interest is a pittance.

i surely want to drop 300k on a down payment.

and then stress about the monthly payments because the house is valued at 1 million.

the same house my 50 yr old friend bought 20 years ago for 300k.

this is a highly logical play on my future earnings what will surely payoff and also go up 4x without question and i will not lose my employment guaranteed for the duration of the mortgage.

and if i lose the ability to pay the mortgage, the bank gets to take the house and all the "equity" i had in it.

makes perfect sense.

Property values may bubble up and down, but they will only trend upwards over the next fifty years. You're already seeing huge amounts of white flight from blue states and even large cities in red states. People are fleeing the ridiculous taxes and violent shitskins. It's only going to get worse in the US as the fed continues to print money and makes the dollar worthless. You also have a corrupt government that is allowing billionaire chinks to buy up entire subdivisions to hide their money from their own commie government

>>22149217
I live in the UK, speaking purely from stock investments, the FTSE 100 is full on non-UK trash, miners, oils, banks think that are not traditionally good investments unless you are a sophisticated investor.

Many of the UK companies here are heavily dependant on global trade understandbly. One of the leading factors to the US exposure having the greatest market return for UK investors is due to that.

UK saving culture is fairly non-existant, but this is true for many western countries. It just in UK wage supression has largely been on par with that of the USA. But the majority of individuals here bring it on themselves. Make poor investments, buy stupid dumb shit, then end up poor and need benefits.

I'm not a wage slave myself, run my own business.

>>22148866
you are making interest payments for 10 years you retard.

>>22145728
Yes, and they are correct, it's just that fiat will be devalued 10-20x, if not moreso.

>>22145728
No, most are just happy not to be renting.

>>22149112
an option for owners of a large asset, such as a house, is the ability to leverage it. You could leverage a home with a HELOC and use that money towards investments

>>22148373
This, although I don't think it'll be worth a million, probably closer to 100,000. Still if you can afford it, a mortgage is the way to go. Thanks in no small part to my mortgage I'll be retired at 40 (got lucky buying in 2013).

>>22149265
Gained 6k over a year in equity at the cost of about 2k in interest assuming the value of my property is completely unchanged. 4k better off overall.

Meanwhile rentcucks pay the landlord to help him buy another investment property this year.

There are occassions when renting is better. It offers flexibility for example, but mortgages are pretty based atm. Thank you magic money tree.

>>22145728
Imagine thinking any of us will be able to retire like a traditional boomer. The West is on a clock. You need to be ruthless if you are going to have any hope of living a nice life down the road.

>>22149378
a HELOC is recallable at any time. and especially in times of market volatility as the bank increases assets on hand for loan loss provisions. generally at the same time a homeowner is unable to zero the HELOC.

>let's get a mortgage and pay interest
>let's get a second mortgage essentially and pay interest on that

bankers are brilliant.

>>22149446
>Gained 6k over a year in equity at the cost of about 2k in interest assuming the value of my property is completely unchanged. 4k better off overall.

where is this amount? is it in your bank account? or does it exist only in your mind?

because you're worth X amount when you sell X asset. until then, it's called unrealized PNL.

mfw i bought a biz last year for 8k and it makes 4k per month. down to 1k this year due to nuflu. still 12k a year for working 3 hours a week on top of my other businesses.

very impressed with real estate magnates ITT.

>>22149328
I do have a home bias with investing but still keep my UK holdings below 20% (still high, I know). Invest more in the FTSE250 index than the FTSE100, outside of individual stock picks.

Think it's easier to find good value stocks here than in the US right now. The US have my largest stock holdings (almost 40%) but I still think it's priced fairly richly atm. We'll see if the UK is just a value trap mind.

>>22149446
did "zillow" tell you about your equity increase?


well I paid $8000 a year for rent and saved $35k which is invested and getting dividends every quarter.

>>22145728
I honestly wish I could buy a house
Anything to not fucking rent and listen to retarded puerto ricans blast shitty fucking music and scream at their kids all day and night

>>22149265
>be me
>buy duplex at 3% interest rate
>other side is rented out for $50/month less than the mortgage plus property taxes and insurance
>principal on the payment is ~$200/month right now
>being paid $150/month to live in my own damn house, increasing by ~$1/month
>if I move out I can just keep the house and rent my side for more than the other side is rented out for
Yeah, I must have gotten a shit deal.

>>22145728
>he thinks the house market will crash when China and Amazon are buying up all the houses

>>22148971

that's why I mentioned stocks as well. equities historically outperform real estate.

there is something to be said for owning a stable source of shelter. but personally I think the opportunity cost is too great

>>22149531
I completely get that it's unrealised, but yet again, when the alternative is paying the same amount of more to rent the same property, then what's the point?

My mortgage is about 800 a month and I've seen literally identical properties on my street rent for 1200+.

When circumstances allow I'm going to list my spare room for rent for about 400-500 a month and in the longer term plan to rent the whole place out and buy somewhere else.

I'm not pretending to be a magnate. I'm a humble wagie who wants to live somewhere cost effective and hopefully retire while I can still enjoy life.

I live in one of Canada's non-Chinese money laundering provinces and they are predicting like 15-20% declines in the next 4 years. Anybody young buying here gets what they fucking deserve. Thankfully I leave this country forever in two months.

>>22149683
>be me want to buy a duplex in my area
>that'll be $2 millions plus tip
>stress over payments
>rent other side to very nice couple
>nuflu whacks earnings and couple can barely pay rent to me
>no evictions allowed
>bank comes and takes my investment

>be me actually in reality
>spend money to buy businesses
>make 30%, 50%, 400% on my money instead

but of course, you can't beat real estate

>>22149607
Idk what Zillow is. Like I said, I calculated this by deducting my outstanding mortgage from the price I bought my property for.

I paid more in rent for a smaller property last year so getting a mortgage has allowed me to save over £1000 a month (a few hundred £ more than before) which I've invested and am getting dividends monthly so I don't see what your point is.

>>22149683
>be you
>own rental property
>the fed decides to print into infinity at a time where raising rates would crash the market
>unemployment soars as hyperinflation sets in
>you have renters that can no longer pay rent
>evictions are put "on hold" for a year
>and another

Buying homes now is very smart because the rates are low and hyperinflation will be blowing away your debt in a few years. Being a landlord in this market, however, is pants-on-head retarded.

>>22149824
what do you think those imaginary numbers you came up with prove exactly? The guy found a good deal that worked for him. You are being a salty faggot for no reason

>>22149793
>Thankfully I leave this country forever in two months.

Where are you going?

>>22149909
real numbers in my area and actually reflective of my ROI on business. only salty faggot here is you calling other people salty.

home is home. commercial land is only valued properly when assessed from a cashflow perspective.

gov loves it when you buy a big fat house. it's easy to tax.

Yes, any normal person is born into a hysterically sadistic situation, its doesnt help to have some faggot on 4chan point it out and cry about it. Like whats your suggestion genius

>>22149881
Do lodgers have the same rights as tenants? Dude lives in the home he's renting. Worst case he has an unpaying housemate who steals his milk for a year.

>>22145728
The absolute cope of rentcucks, mr shekelstein is sending someone around in an hour for your inspection, be ready without the pizza crumbs on the couch this time or you’ll be breached

>>22146772
Learn another language and leave the country

>>22150015
yeah don't buy a 2 million dollar duplex or an stupidly expensive SFH. That guy bought a duplex with a good rent/value ratio there is no reason to shit on it just because it doesn't make sense in your area

>>22146567
lol this is 10 minutes from where i live.

>>22149881
Don't count on debt being blown away by hyperinflation. In the Weimar Republic, all pre-inflation debts were reinstated once the currency was stabilized (albeit at 25% of what they were before).

>>22149881
Non-landlords seem to think all renters have completely stopped paying for some reason. 75% of my tenants are still paying, and most of the remaining 25% are at least partially paying. Sure it isn't a time to overleverage as a landlord but a good deal is a good deal, if you find one don't avoid it just because of COVID.

>>22150102
>didn't read my post

Nigga, we haven't even gotten started on the hard economy. This shit is going to get so bad so fast your balls will reascend seeking safety.

>>22145993
What they don’t understand is real estate unlike their pet rocks provides a FUCKING YIELD In a world of low rates and shit returns

>>22146236
life is a pump n dump anon, get used to it

>>22150134
so you are envisioning a specific breed of hyperinflation where nominal wages don't go up?

>>22150064

well this is where i live. and that's what it costs. and this is where my business is based and generates cashflow. you want me to move somewhere with cheaper property? then i lose my business cashflow.

people need to stop looking at RE for "equity appreciation". it's just a fucking box. all you see on the news is that you have to buy this shitbox right the fuck now or you're a fucking idiot. fuck off. i'm gonna shit on it because RE is not the answer to everything like the media brainwashes people to believe.

my 50 yr old buddy bought a house 20 years ago for the same amount of my fucking down payment. like hell i'm buying anything right now.

>>22150245
What does it matter if nominal wages increase when the majority of those wages will go to buying food? Would rents not raise to match the needs of the landlords?

Millennial home buyers are the stupidest people ever. They would rather rent away at a house that's $300,000 over buying a trailer home thay is the cost if a fucking Lexus.

>>22150253
I actually agree with you I think people buying 500k+ homes for themselves thinking they are "investments" are deluded. If RE is not right for you then nobody is telling you that you must do it. It isn't always right, but that doesn't mean it's always wrong for everybody. I think cheap RE that rents for significantly more than the payment on a 30 year fixed mortgage right now is a good investment.

>>22145728
>Do young home buyers today really expect their homes to be worth 10-20x what they paid for them when they go to retire like they're Boomers?
Nope.
But I do expect hyperinflation to happen in the next five years, and I’d rather know that my housing payment will continue to be $1500 when a loaf of bread is $3000. Meanwhile if I was renting when hyperinflation happens, my rent goes up with it.

>>22149446
cool, now add taxes and repairs.

>>22150287
If things got as bad as you are saying I wouldn't be looking to raise the rent, just to keep it above the mortgage and ride it out. And if nominal wages went up at all it would be even easier for tenants to afford that. Some might lose jobs if the unemployment you talk about comes, but part of the massive fed printing would also be going into unemployment benefits. I would survive.

>>22146567

Motherfucker we got parking spots for sale for 40k usd where I live

>>22150361
>loaf of bread is $3000
So we are closer to Zimbabew levels or Great depression?

>>22145728
There are a lot of global elites from third world shitholes and China that need somewhere to park their cash.