/biz/ - Business & Finance

>>50729798
You also have equity in the house, which you can take a loan out against later in life (reverse mortgage or secondary mortgage) With rent you get nothing + more rules about what you can and cant do with your home

>>50729798
Renting is worth it for not being bound to the same place for the rest of your life. You can easily advance your career if you are flexible with your location.
Of course if you are not taking advantage of this and hopping jobs and locations as often as possible you are getting nothing out of renting and might as well buy a house.
I don't understand how someone can live in the same city or town for decades, not surprised people start using opioids.

Buy one and rent it. The house will pay for itself.

>>50729798
You need to live somewhere. So you can either pay x amount of dollars on rent for 40 years or around the same x amount on a mortgage. The difference is that with the second option you will eventually stop paying after 20yrs.

>>50729798
People saying owning a house is important because shelter is a human need and without it you will die very soon due to exposure. Braindead self hating parasite are you a landleech or wtf?

>>50729863
What about utilities? You still have to pay for that

>>50729798
If you can get a mortage for the same or less than you would have to rent it can make sense, its 30years of paying 1.5k rent vs. 30years of paying 1.5k mortage, at the end of the rent you have nothing, at the end of the mortage you have house, plus a high probability of value increase

Of course there are things like maintanence and taxes that increase the costs for a house but also much more possibilities like renting out a part etc

>>50729798
Just buy an island.
https://twitter.com/dailystar/status/1554804422533910528

>>50729850
What careers benefit from location hopping so much? As far as I know, pharma, tech, and finance are all pretty consistently concentrated in silicon valley, NYC, and Boston.

>>50729798
Becuase most people are poor and buying a house is the stupid proof way to build wealth.

>>50729850
It's always sad to see somebody with no connection to their family

Just lost my hardcore world of a week lads by getting killed by one of these flying Vexs summoned during a village raid. F's only please

>buy house
>goes down in value
>now have a debt worth more than your life for shelter

>>50730772
>As far as I know, pharma, tech, and finance are all pretty consistently concentrated in silicon valley, NYC, and Boston.
the meme with tech is you get remote, and then you move somewhere cheap
but sometimes you get offers that are too good on the condition that you move. you might have to move between overpriced tech hubs

>>50729798
I have enough in crypto to buy a house where i live but i like renting. It's cheap as shit and I don't have to worry about anything really. Once I escape my country I will buy an apartment elsewhere I think.... A cozy one you own forever. Dreams.

>>50729798
Rent always increases because of increases in taxes and insurance plus the cost of maintenance. You are buying your own house for you, or you are buying someone else's house for them.

>>50729798
It depends. If you’re going to live in the same area forever, you’re better off buying.
I chose to rent in my 20s, which allowed me to easily move around the entire country for jobs, and now my salary is at least double other people my age in this industry because of all the experience I was able to get. So now I can afford to buy a huge home (I won’t though, Id rather keep the money invested).

It’s better to take decades to pay your mortgage, inflation will shrink the monthly payments while you pay a fixed rate forever. With any luck you can die before it’s paid off too

>>50729798
Because stuff like real estate is tangible wealth.

>>50729798
Home ownership costs around 3% of the value of the home per year, factoring in mortgage interest, utilities, property tax, and proper maintenance. This means you need the home to appreciate in value 3% per year to break-even as an investment. Renting costs around 5% of the value of the home per year. This means prices must fall at least 2% in 12 months in order for renting to be equivalent to owning. If prices fall more than 2%, then renting is a better 'investment' than buying.

Do I think prices will fall by at least 2% in the next 12 months? Consensus at this point is for prices to drop closer to 10%.

>>50729850
You just showed everyone how alone and how dead inside you are. Think about that.

>>50729850
You are mostly correct, but the caveat is that this is an unnatural and somewhat sociopathic lifestyle that will end when the civilizational anomaly we are living in ends this century.

In this life you have two choices, pay your own mortgage or pay someone else's.

Let's assume your rent and my mortgage both cost $1000 month, and we live in our residences for 10 years. This would cost both of us $120,000. At the end of 10 years, we both decide to move. When I move I sell my house and recoup the $120,000 I have already paid. You move out and get nothing.

>>50729850
Rootless kike spotted

>>50733389
I bought my house for 250K 11 years ago. Even with today's market conditions I could get 750K for it tomorrow if I wanted to sell.

If I rented, I would own nothing and my rent would be higher than my mortgage payment+upkeep was when I bought.

Your logic is flawed.

>>50729850
>I don't understand how someone can live in the same city or town for decades, not surprised people start using opioids.
Because people have family and friends that live in a certain area….

>>50732313
What gay system is evaluating you as a person anon?

>>50729826
This,

Owning a home may be renting from the government but consider that landlords are more anal retentive retards than the literal communist shit government.

>>50729798
Renting is convenient, but you’re paying extra for that convenience. It’s never cheaper in the long run to rent unless you move to a new area regularly.

Dis here how it be:

You can rent and be subject to rent increases, shitty landlords, neighbors with pests and drug dealers, appliances, plumbing and AC/Heat that don't get repaired in a timely manner, and also have the freedom to move when you want (after paying a penalty for breaking your lease of course), not be on the hook for property taxes or the cost of home repairs, but also be subject to flood risk, crime, et al...

OR

You can own a home in a low tax area, still be on the hook for rising tax rates, flood risk, home repairs etc, but also have the freedom to sell that property and make good on your investment by buying into a better deal and repeating the process until you have earned enough to stay put, bearing in mind that your costs and consequences are ALL on you.

It's a matter of how you prefer to live your life and what your aptitude is in terms of managing wealth. Renting isn't for everyone and home ownership isn't for everyone. Just come up with a plan that works and try not to lose money.

>>50729798
rentoids usually pay utilities and in the fullness of time home ownership is patently better in financial terms
it's just so blatantly apparent i don't understand how anyone can't see it
but i rent in spite of that because i want the mobility atm

>>50729850
Once your twenties are over you'll just want to lie down and sleep, and stupid notions about traveling or switching jobs or any of that shit will be exhausting, soul crushing things. The things you list as advantages are just something kids think about and consider good things. You'll grow out of that.

To be a renter is to be a part of the perpetual underclass. It signifies ultimate failure. All your energies should be directed towards owning a home. Nothing else has any significance.

>>50736349
>To be a renter is to be a part of the perpetual underclass. It signifies ultimate failure. All your energies should be directed towards owning a home. Nothing else has any significance.
this is simply ridiculous arbitrary nonsense
home ownership is long term security but placing this sort of spiritual significance on it is just bizzare small mindedness
people will always rent and as long as you can have enough capital to make sure you can always rent it doesn't matter

if you're 20-30 it would be stifling to buy a home but when you're older or have kids the stability is much more valuable plus any wife is going to want to nest
hoomers can be as bad as goldbugs

>rent for 30 years, nothing at the end of it
>mortgage for 30 years, have a valuable asset you can sell to recoup costs or use as collateral

hmmmmmmmmm hard choice

>>50734110
>If I rented, I would own nothing
and you would be happy

>>50736473
IGNORE THIS KIKE SHILL. THIS IS ONE OF THE BIGGEST LIES THEY TELL TO KEEP YOU FROM STARTING A FAMILY AND AMASSING WEALTH.

Fuck niggers.
Fuck kikes.
Fuck trannies.
Fuck jannies.

>>50729863
>The difference is that with the second option you will eventually stop paying after 20yrs

And mow your lawn, and pay property taxes, and repair your foundation, and repair your roof, and fix your toilet, and hope the area doesn't go downhill, and hope your job commute isn't too long, and hope your HOA isn't a bitch

>>50736619
WRONG, KIKE BITCH.
You sell at a profit or you rent to someone like you.

Silly nigger.

You don't have to own a home. But anyone telling you NOT to is a fucking KIKE SHILL.

Fuck niggers.
Fuck kikes.
Fuck trannies.
Fuck jannies.

>>50736619
You already pay for those in the form of rent. Literally all you have to do is save moneyfor emergencies like you should be doing regardless. Also fuck HOA boomers and kikes stay the fuck away from them if you know what's good for you. The perpetual eyes over your shoulder are not worth it in the slightest. They exist only to line their own pockets while telling you what you can and can't do with your own property. It's housing for cuckolds.

>>50729798
There are pro's and cons of both but it really boils down to one thing: Managing/Maintaining property is a pain in the ass. You're effectively fighting entropy. As a renter, you pay for someone to do this pain in the ass part for you.
> Buying/selling real estate? Pain in the ass
> Maintenance? Pain in the ass
> Hire a contractor/upgrade project? Pain in the ass
> When you own a home you have to deal with these issues, that are just a hassle and annoying to deal with. Not hard, not difficult or challenging, but annoying.
> When you rent you pay someone to do this
> When you rent you are essentially paying everything that you would as an owner + the pain in the ass premium.
> Your landlord charges your rent based on the market yes, but also to cover their expenses + some.
>What are their expenses? the same expenses you would have if you own
>QED rentoids pay landlords rent/property taxes/maintenance costs, but don't have to actually take the time to handle these things, thus the trade off.

> In terms of pure $$$, owning is better than renting
> In terms of pure time value, renting is better than owning
> To determine what's best for you, you need to understand how you value time vs money and also what sort of impact these pain in the ass things have on you.

>> also unrelated but keep in mind, >95% of people who own homes have rented at some point in time.
>> on the other hand, most renters have never owned a home
>> Which group do you think has more perspective as a whole?

>>50729974
Fixed rate mortgage stays the same for the duration of the loan. In 10 years time, your rent would have gone up significantly, much less 20 years or 30 years.

>>50736687
>You sell at a profit or you rent to someone like you.

not if your roof caves in

>>50734110
Would you buy today for $750k if you were renting a place for 1600/month though?
A 3.4% variable mortgage on 750k would put your cost at $3k/month even with $150k down.
I live in a rent control area so at most rent increases are limited to 2% a year.
idk at these prices buying a house seems retarded.

>>50737378
Owning in a rent controlled area is retarded and effects the math duh. Not to mention that rent control limits the upgrades a landlord is willing to do on a property.
> and a 750K home =/= 1600 per month apartment. Why don't we just compare a $2M mcmansion to a studio apartment at that point

>>50736510
>mortgage for 30 years
>finally pay it off
>now in your 60s
>get terminal illness
>dead

Congrats on your few years of owning your home 100% paid off

>>50737647
>rent for 30 years
>never be allowed to do fucking anything with the property
>now in your 60's
>get asbestos
>dead

I don't know I'd rather be able to plant my raspberry bushes and keep chickens to be honest.

>>50731814
F

>>50729798
>be me
>buy small home in CA with $23,700 down payment and mortgage that is equal to comparable rent (including tax and Ins)
>sell home less than three years later at a +60% gain
>buy nicer home for less money in nicer but less costly area
>house appreciates +50%
>sell house and buy larger home in even lower cost area (smaller town)
>use cost difference to buy vacant lot for future retirement home (own outright)
>refinance during pandemic to once in a lifetime low rate of 2.25%
>pay off mortgage and sell family home when kids are grown
>mortgage is never higher than comparable rent in my life and is normally substantially lower
>downsize to newly built dream house for two and retire in my 50s

Basically I'm buying my dream house for $23,700 not including enjoying far lower monthly payments compared to renting throughout most of my life. It's like I'm getting my dream house for free. Feels good man

>>50736619
Lel, you're complaining that owning property comes with responsibility? You're one of those slobs that wears pajamas to walmart, aintcha?

>>50729798
I pay 1550 a month for rent.
If I pay that rent for 20 years, then I have spent $372,000.
If I bought a house for $350,000 now, and paid 1500 on it for 20 years, then I have no rent or mortgage to pay as long as I live in the house.

>>50731814
F
Time to play a better game.

>>50729798
I saw I own a house but I have to pay bank rent.

>>50733389
Yup
Buying is great but not right now
The housing market is showing unprecedented weakness
A drop of only 10% is probably best case scenario
>in before rentoid cope
My crypto even now is probably worth more than your crap shack bud

>>50734110
Gee it almost sounds like we're in a housing bubble

>>50739445
>The housing market is showing unprecedented weakness
Guess you don't remember the Great Recession

>>50739488
Also just because your ZeStIMaTe says 750k doesn't mean you can actually get that much. We're already seeing prices getting slashed

HOOOOMERS have to convince themselves they made the right choice. I don’t see renters constantly screeching at homeowners how much of a failure they are but they’re like niggers that screech about how white people don’t season their chicken. They need something to feel good about to justify the huge sunk cost even if it’s insignificant. It’s mostly a meme pushed because so many industries are fueled by HOOOMER spending. If you have a family sure it’s great if not I don’t really seem to care besides getting to brag amongst your fellow tax cattle. The government or debt collectors can take your house anyways if you’re a bad goy.

>>50729850
Here we observe the average corporate serf. Beholden to his company he will travel from corporate fiedom to corporate fiefdom, completely rootless, with no patrimony of his own, leaving behind any human contact if he barely manages to interact with other humans before he hes transfered again.

>>50737647
>renting stops aging

>>50729798
You can rent your house out or get a roommate to pay some of those bills. Renting you own nothing

>>50734110
should have bought bitcoin retard

>>50729798
Because it's yours, and you own it? It's a huge, (mostly) stable store of value that will likely never fall significantly in value enough through a loan payoff to be worse than renting is in the long run.
By renting you are giving away money to some kike every month instead of (ironically enough) getting a loan from the bank to actually own those 200-600k USD you spent on property at the end of the day. Monthly rent and a loan almost cost the same in most places, the only difference is OWNING those 400k you've spent on it in two decades or not.

>>50738371
>>50740617
What about utilities and taxes though. Also it’s not even worth it to sell the house for most people

>>50743290
When you pay rent your are paying the landlord’s taxes and maybe utilities.

How do you motherfuckers not get it. I own four rentals. Do you know how much I pay in taxes out of my own pocket? Zero. My renters pay it and then some.

>>50729798
I rent which causes me to piss away 7k a year but it also allows me to free up 40k a year for liquid investments which i am pretty good at trading and the benefits of which i shouldnt need to explain on a crypto board. Last year my investments overall appreciated 95-100% when you average everything (crypto, boring mutuals, some etfs, some specific stock picks, some oil swing trades), while real estate went up 20%.

Just by the numbers it makes way more sense for me to make -100% on 7k and +100% on 40k than have it all in a house and end up +20% on 47k. For most people their investing journey starts and stops with buying a house and doing some company 401k matching, which isnt really a bad choice, i just know i can consistently beat real estate as an investment vehicle because ive been doing it for years now and trading is something i enjoy. Also i just dont see it as a bullish investment at this market stage. I would buy long dated puts on a few select REITs before i seriously considered buying a house in this market to be quite frank... demographic collapse isnt generally bullish for housing.