/biz/ - Business & Finance

>>29697111
My opinion might have been different in the past, but given the dystopian future we're rapidly approaching, I'd want to outright own a house as quickly as possible even though it's a suboptimal move that minimizes financial upside.
I think much of biz disagrees and thinks we're still in normal times.
I pray to god I'm wrong.

>>29697111
>owning is a boomer meme
What kind of society do you live in?
There's nothing wrong with owning a property/asset. In fact, it's a chad move to own something.

Frankly some rentals are based depending on the specs you get, some come with free electricity, water etc and the only thing you have to do is pay rent. If you can land rent money every time you’re golden.

>>29699034
Yeah but you don't really own it until the mortgage is paid off

>>29697111
The pros about owning property is that you have an asset that will most likely grow 3-4% a year on avg. You still have to pay taxes on it, maintain it which costs more money than most people think, and if you don’t live, you need to hire a manager.

If you rent, you need to take all your money and try to aggressively grow it more than the measley 3-4% you expect from a house. If you can do that, you’re better off renting.

Owning a property can give you cash flow for you to retire with an annual passive income. Renting gives you more flexibility to play with your investments and ultimately be rich in the future. To be rich owning properties, you’d need a good 2-3mil into 5 properties each giving you $1-1.5k a month in profits.

So I’d say unless you have 2-3mil to put into real estate, grow your net worth first by renting and using the liquid assets you have and growing it aggressively. Owning 1-2 properties will never make you rich.

>>29699034
My main gripe is that you have to put up a fat 15-20k down payment (which could have been thrown into stocks), closing costs (another 2-4k that could have been put into stocks), and THEN, because amortization schedules are front-loaded, the MAJORITY of your monthly payments are NOT even getting you any equity for at least 5 years. If you had to move after like 4 years, you'd only be able to sell off a tiny portion of equity and your down payment was pretty much wasted.

if I had a chance to change something I’d like to shoot this pajeets who shilled there this trash
have already lost 1500$1700$ for their shit bot
who this nigger that made this fucking retarded algorithms
seems like it’s better to wait for full-ecosystem release for Bot Ocean and their solutions
my purse is crying

>>29697111
Owning is better. Pay cash for the house, or if you dont have enough, take out several loans from your friends and family (if they charge you interest then they are neither your friends nor family). At the very least, pay off your mortgage as quickly as you can.

Debt is the devil, and is fpr Satanists and Jews and you should never ever be in it if at all possible.

>>29697111
It doesn't matter because I'm priced out in both. Van life it is AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH MOMMY MOMMY

>>29699612
you already have 20% equity in the home with the down payment

>>29697111
It depends on the price-to-rent ratio

https://cdn.nar.realtor/sites/default/files/econ-outlook-Price_vs_Rent_0720.jpg
https://www.statista.com/statistics/458543/price-to-income-ratio-of-housing-worldwide/

>>29697111
>you hardly get any amount of equity for like 5 fucking years
>don't get a 30 year mortgage
>make a larger down payment

>>29698807
>buys house and property at ATH prices
>turns into section 8 housing/liberal safe haven
>immediately lose half your investment
>constantly get robbed
>house bubble pops, now you're 85% down on your investment


Definitely rent until you really know for a fact where you want to live and the bullshit blows over

>>29699249
that's why you rent and do stocks/crypto to be able to pay in full within a year or two

>>29699812
Ok, I missed that part. I think owning is for people certain they'll never have to move for work or something.
>>29700035
why pay off your 3% interest mortgage early when you can easily get 7% a year in stocks?

>>29699772
>Debt is the devil
Hell yeah, (((usury))) is antithetical to logos.

>>29700200
this is a real concern and is also a cycle that real estate speculators try to perpetuate via price manipulation and lobbying for government housing programs. this is why when i have enough to buy a home in full i am moving back to the middle of nowhere where i grew up. it's comfy and the gentrification/housing program cycle never happens because no one wants to live there in the first place. anons, once you make it, take the rural pill and you'll never look back.

>>29700200
Well, I'm moving out into the countryside to grow food and not have to deal with negros, so there's very little risk of that.
Any white person that sticks in a city or even suburb in this crazy world is fucking nuts from my perspective.
But to each his own.

>>29697111
Owning.
renting is paying someone else who owns your gains.

What are you? A Nomad?

>>29700332
>you can easily get 7% a year in stocks
topkek

>>29701415

>>29700836
That is a beautiful location anon, what state is that? I am looking for a state with low property taxes and don't have to worry about drought. Do you have a well and own the mineral rights?

>>29700599
Jesus Christ anon you make me wanna pack my bags right now. I'm so fucking tired of the coastie clown land I moved to after high school.