/biz/ - Business & Finance

>>23744258
because a loaf of bread is about to cost $1000

>>23744279
Wrong

>>23744258
>pay cash for a house
only the financially illiterate do this

>>23744302
That is a strong 5 o'clock shadow

>>23744279
And houses are cheap compared to the high valuations and returns of equities

>>23744316
You won’t ever make it. Image never having to spend another paycheck on rent. Imagine investing and saving every check you earn

>>23744374
Based. Paying cash for a house and never paying interest is the best long term financial decision one can make

>>23744258
because the are consoomers

>>23744316
this

imagine paying cash in today's low interest rate environment

>>23744508
imagine paying six figures in interest over 30 years because "Muh low interest rates"

>>23744467
>Paying cash for a house and never paying interest is the best long term financial decision one can make

This is the dumbest shit I’ve ever heard on /biz/. The ONLY financial reason to buy a house is so you can have a mortgage. Mortgages are what make real estate investments wholly worth it. If I had to pay cash for a house I’d rent forever.

>inb4 debt

Only retards and poor fags call it debt, big boys call it leverage.

>>23744532
You idiot. The point is that you taje the cash you've saved and invest it elsewhere at the same time earning a higher return than the interest you're paying. So the interest pays for itself and you still turn a profit.

>>23744581
terrible Idea. You should pay cash for the house. Have zero debt, and dollar cost average your paychecks into the market.

>>23744532
If you can pay cash, you’d make more money investing that than you’d save by paying that amount upfront and avoiding interest over time

>>23744570
but you arent a big boy. You're goyim cattle taking on debt for a mortgage.

>>23744588
You have an entry level understanding of finance. “Credit bad” is something that I can expect to hear from ghetto intellectuals.

>>23744588
>Terrible idea
Shit I guess you win.
Some people just can't be helped.

>>23744606
so you are telling me that you would rather have debt than no debt just because of a low rate?

>>23744570
>being liable for 30 years of payments to a jew
Rich people pay in cash and rent them out

>>23744258
Greed + autism x delusion = biz

>>23744258
1 mill suicide stack (ie prevents suicide from having to wage forever)
10mil to make it

>>23744603
This. Nohousers are gay

>>23744619
If you can leverage low interest rates the right away and invest the money to yield better benefits, yes

>>23744615
You don't listen to dave ramsey do you? Paying cash is better than having debt. If you have the cash and enough left for an emergency fund pay for the house up front

>>23744642
Living off rent is the wagecuck dream, not what rich people do

It's a catch 22. Sure, you could be money ahead with investments beating the interest on the mortgage. But you could also be happier knowing your home is paid for and invest the rest + your income now that you're not shackled to a 1k+ mortgage bill for 30 yrs. even if the investment fails your home is paid for. No mortgage = easy mode. I'd be all over paying off my house and being debt free + having the majority of my income being a slush fund for investing over 30 yrs

>>23744642
>>23744603
I bet you guys don’t even funnel your life through a credit card for the % cash back and I also bet you get a tax refund every year.

>>23744746
If you're happier because you "don't have debt" even if that debt is making you money, you're an idiot. You aren't "shackled" to anything. You can set up a system (be creative now, 2-3% risk-free isn't hard) that returns you higher interest than your mortgage at no risk and the whole process functions like a machine. No risk, no worries.

>>23744746
Leveraged money will always beat non leveraged money. Period, full stop.

Mortgages are literally the best form of leverage average jack offs can get. I fucking dare any one of you shit eating plebs to find me a crypto/stock brokerage that offers margin at better terms than a mortgage. Protip: you can’t.

>>23744749
I honestly don't bother with the credit cards, only because 2% of the tiny amount of money I do spend amounts to almost nothing anything.

You shouldn’t get a mortgage because amortisation is Jewish theft,not because it’s a better financial decision.

So what comes next now that they've succeeded in normalizing trannies?

>>23744838
Nothing. That is the end goal. Collapse the birth rates in the west

>>23744374
imagine saying others won't make it, but believing you will make it from crypto and then the banks will simply let you buy a house with cash.
>>23744588
what's wrong with you? If you get lucky enough to make it, you sound like you'd be dumb enough to blow it all within 3 years. At least you have a house. A mcdonalds would be enough to pay the annual property tax

>>23744345
>That pic
Well, you are. Op why are you posting this faggot shit?

>>23744855
Make women so far left and feminist that they are unbearable to the point where men fill the role and turn into literal women. Thats where we are now

>>23744800
It’s an amount greater than zero and it buffs your credit score. Set your bills to autopay, set the card to autopay and forget about it for a few years. Even if it’s only a couple hundred a year, for the amount of effort you have to put in it’s still worth it. You don’t have any excuses other than financial illiteracy and an irrational fear of DA JOOS

>>23744279
Central banking is a fucking scam.
I hate leftists and trumptards so much.

>>23744345
>I'm a man

that's a man

>>23744258
Those are both men

>>23744345
HOLY SHIT "SHE" FRAM MOGS HIM. LOOK AT THOSE FOREARMS HAHAHAHA WTF

>>23744258
im short and much better looking than him
wheres the tall and blonde people superiority? ur all ugly lmao

>>23744884
>tfw just signed up for tangerine for the cashback creditcard
>mfw they gave me 200$ canadian rupees for me to turn into crypto for signing up

>>23744374
>>23744345
>>23744302
>>23744258

I don't watch TV so I only experience this kind of filth on here.

>>23744933
I would be honored if my son brought that beautiful young lady over for thanksgiving dinner

>>23744258

That’s a woman

>>23744788
IBKR offers me margin at a rate of 1.3%

>>23744258
Hey OP, do this couple next.

>>23744642
instead of paying cash for 1 house rich people buy 5 houses with 20% down and rent them out

>>23745146
That's a...
uhhhhhh

>>23745146
what the fuck is that abomination?

>>23745128
Is that a monthly rate?

>>23745414
AND then covid19 happens and no one can pay rent and they move out and you are FUCKED because you have 5 homes with mortgages...Should have paid cash dumbass

>>23744981

>>23744981
>>23745991