/biz/ - Business & Finance

>>52812766

>>52812766
>>52812771

>>52812766
>>52812771
>>52812786

this is good stuff OP

Jesus christ, this is borderline snuff porn

>>52812802
Live Love Laugh your way to 7 figure protfolio

Florida continues to appreciate and I'm ubercomfy. Enjoy those landlords and shit.

>>52812786
> now my husband has no income

divorce incoming

>mfw bought a home in 2018
>already paid the mortgage off
>renting it out now and the income pretty nearly covers my current housing costs

Feels good not being retarded.

Is this the bigger pockets forums?
>>52812836
Lots of places in Florida are taking a nose dive. Enjoy it while it lasts.

>>52812879
>Is this the bigger pockets forums?
yes

>>52812793
Lmao how does she not understand she could refi to 30 years. Also I wish I could be so lucky as to have a rental be cash flow negative only a couple hundred bucks. Every place within 100 miles of me is at least $1000 cash flow negative a month if you put 20% down on a 30 year and rent at market rate with 100% occupancy. It's completely fucked.

>5,000$ rent per month

wew

i hope mutts will get 7 figures yearly incomes soon

>>52812911
refi 15 years at 4% to 30 years at 7% is probably not a good idea. You also can't refi until at least a year in or something

>>52812919
>5,000$ rent per month

Airbnb model shows $5,000 vs renting for $2,500. But nobody can afford vaction in this economy.

>>52812919
>2 months
>total lost rent is about $5,000
Learn to read Rajeet

>>52812766
Landlords are scummiest ppl around. Same goes for vacation rentals actually those are even scummier and boomer jewy as regular rent wasnt enough for them they need $350 a night. Meanwhile ur community becomes a ghost town. Very seldom any decent “landlord”

>>52812766
>could have just dumped this money into a broad reit index and gotten more money as well as exposure to industry, office, apartments, retail, data centers, farm, lumber, etc. without the bullshit with handling a home
Why do they do this to themselves

>>52813019
rentoids and toliets

>>52813198
Like, literally drop half a million into FREL or VNQ and you'll get over $18,000 a year in dividends aka $1500 a month

>>52812766
> takes banker's cock out of mouth
blackstone will buy it all up
> puts it back in

Reminder to all the retards who will come in this thread and say the following:
>My home is with like 100k more than I paid for it and I locked in 2.5 rates bro comfy as fuck rn frfr.
You are a domino. A very upright domino at the moment, but still a domino, and still in line.

>>52813284
not only that but their equity will be being eroded as prices fall around them.

>>52813019
Leverage - if the markets on the up you're catching the capital gains on something you're levered 4:1 on with (due to rent) minimal expenses eg you plunk down 100k on a 500k house and it appreciates 10% you're catching 50k in gains on 100k invested. Further, many of them don't have the cash to buy outright.

Leverage merely makes the knife bigger, so when things go awry it cuts deeper. These aspiring petite bourgeouis midwit boomers haven't seen anything yet - in many markets in the US real estate is at best softening if not correcting outright, and running a 300/month loss will be much preferable to a forced liquidation when your equity gets wiped and mr bankman comes for his pound of flesh and that money is g o n e gone. But on the positive side of things, if you can wait until it's "(boomer) blood in the streets" you will be able to catch great deals - stay cash heavy.

Hoomers getting fucked is like porn to me.

>>52813300

Yeah right now we are in the denial phase. It's gong to be another year or two before the "aspiring petite bourgeouis midwit boomers" finally begin to understand the reality of the situation. Their greed will have them refusing to accept that they have to get out until the bitter end.

If you've ever had to negotiate with boomers they will often hold onto their greedy entitlement until it results in self-ruin.

>>52813284
my bitcoin is up +100k i have so much equity in my bitcoin..... 6 months later. I'm negative -50k on my bitcoin wtf happened

>>52813254
Black rock not black stone

>>52812842
She'll be paying him alimony then, kek.

>>52813254
No matter what happens with the real estate market, corporations will eventually own 99% of all single family homes.

>>52812811
Who thought it'd be a good idea to rent out a house at $6K. At that point people with that kind of money just buy.

what faggot nigger forum is that faggot bigger pockets or some gay nigger shit?

>>52812786
fucking gook whore

I looked at a flipped house yesterday. The inside was perfect but I climbed on to the roof. (My agent wasn't happy). The roof was a mess of patches. The flipper should have spent some on the roof.
Start pricing was 410k, it is now down to 335k and I'm not buying at that price either.

Listen up rentcucks, real estate values will not fall meaningfully in value for 30 years or so. Why? Because the vast majority of people bough pre-2022, 40% of people own their own outright (no mortgage), and those that do have mortgages something like 80% of them have a rate locked in long-term below 4%. None of these people are going to sell. The real estate market is locked in for the next 30 years until these mortgages start to come off the book. They will rent their houses out (to you) before they think of selling for a loss or taking on a 6.5% mortgage rate.

You missed BOTH the generational bottom on housing AND the generational bottom on interest rates. Get over it and move on. Waiting for a collapse that is not coming will set you back YEARS.

>>52814661
>its another episode of “buy now or be priced out forever”
I will buy your shit on foreclosure. You will BEG me to :^)

>t. Owner of 5 properties bought at rock bottom prices from foreclosures back in 2012

>>52814704
You're fine because you own. Those who don't own are indeed priced out forever unless they seriously increase their income OR accept the fact that they will own relatively less on a dollar for dollar basis than people who were smart/fortunate enough to buy pre-2022.

>>52814743
You must be completely brain dead if you believe buying pre-2022 is a good deal. From 2018 onwards -except for the March-June2020 covid blip- has been maximum bubble territory. What good is buying an overpriced property at 2.5%? I can tell you have not ever run the numbers on interest rates and RE prices, it shows.

I just hope I have more people like you on the other side. There is nothing I like more than paying pennies on the dollar for the properties of greedy dumb bastards such as you.

>>52814801
2018 and 2019 were not bubble years. The vast majority of homeowners own from pre-2020 and didn't buy the top. because millenials are a literal baby boom generation (bigger than boomers) and there is a shortage of houses, millenials are destined to compete hunger games-style for homes for the next 20 years.

>>52814832
>dude, there's like, lots of people, so therefore prices go up forever
this is and always has been a brainlet take

>>52814851
demographics is destiny. housing is both a necessity and a good that can't be printed out of thin air by the fed. tell me how millenials buying houses and starting families for the next 10 years won't be a tailwind for housing prices? any new stock that comes on line will be expensive due to zoning restrictions and a massive shortage of skilled trades workers (neither millenials nor zoomers want to get their hands dirty).

>>52812766
parasites who sought to profit of something that people need to live will get exactly what they deserve.

>>52814889
wishful thinking in the US. the US is essentially a massive storage barn for the global capital owning class to park their capital in -- and government policy will make sure that continues.

>>52814871
>tell me how
This place can't tell you anything. Its a bunch of retards with no skin in the game, who larp or parrot what they hear and wish. Its been proven time and time again.
Housing is supposed to CRASH (because I was priced out). But somehow the economy is going to HYPER inflate (because I don't want a job)

>>52814871
>tell me how millenials buying houses and starting families for the next 10 years won't be a tailwind for housing prices?
because the vast majority of them can't afford high prices at high interest rates

>>52812766
Kek this is what you get for trusting a woman

I genuinely don't understand how Americans can possibly have problems buying real estate. Not only is it incredibly cheap compared to many other countries, but your insane fixed mortgages make it basically risk free.

Did you know that no other country has this concept of a "30 year fixed mortgage"? You can get a 30 year mortgage, but only a maximum of about 4 years of that will be fixed and then you need to either refinance or stick on variable rates while you hope for them to go back down.

>>52814916
well they are going to have to settle for what they can afford then, because homeowners locked in to 30 year 3% mortgages or who have paid off houses aren't going to lower their prices because they don't have to. They are going to have to go a step or two down in their housing expectations. If they expected to own a 4b/3ba colonial in the nice suburbs, they are instead going to have to settle for the 3b/1.5b rambler in the shitty suburb. millenials are going to be the first generation to have a lower standard of living than their parents.

>>52814907
you're certainly right that this place is full of retards
for example, some people don't realize that houses can be overpriced at the same time the currency keeps getting debased.

remember houses are not a fungible good. it's true that some locations won't see much if any decline. the majority of them will though, because people FOMOed with leverage during the 2020-2021 craze.

>>52814932
Because youre not taught here how to conserve wealth. You're taught (trained) to be paycheck-to-paycheck or negative cash flow and ignore it until you crash and burn. Once you hit rock bottom, you learn how fucked everything is and can start learning the right way, and you gain a bonus option to learn how to jew others so you never get back to rock bottom.

>>52814942
you realize that high prices need buyers in order to be sustained, right

>>52814956
Yeah, and people here forget a house is something you live in and will slave for whether you thought it was going to be a good investment or not. Housing isn't going to crash. The economy is going to dip because of Green Deals and the severing of zombie corps useless desk jobs.

>>52814871
>demographics is destiny
The largest demographic that ever existed has begun to die off. Boomers had it all, but even they can't live forever. US population growth is in decline and will soon turn negative. Even the open borders can't stop this decline. Housing won't be scarce at all by the end of the 20s.

>>52814956
there was froth in 2022 that will be sloughed off. but prices will not return to 2021 levels because of demographic tailwinds, zoning headwinds, and construction labor headwinds.

>>52814995
I will concede that at some point in the 2030s this problem will sort itself out with the boomers dying off, but the remainder of the 2020s is going to be hunger games for millenials buying houses while boomers age in place. millenials get double fucked because while they are buying boomer bags at the top, demographics ensure that millenials won't have anyone to offload to.

>>52814962
You're right that there definitely does seem to be much more of that mindset in America. I mean there are people like that here too, but it's comparatively rare from my experiences in the middle class. In my circles it's just sort of assumed that when someone does something like buy a house or get pregnant that they have at least $100k or so ready to use as a buffer. And everyone knows that their $1m @ 2% mortgage could suddenly go variable at 6%, so they plan for it.

>>52815016
>I will concede that at some point in the 2030s this problem will sort itself out
but i thought housing went up forever over the long term. interesting concession that house prices will go to shit in 6 short years

>>52815033
>comparatively rare from my experiences in the middle class.
But as the saying goes, the middle class is being killed and the Rich/Poor gap grows ever larger. Thats all thats going to happen. Not a Housing Crash, but an increasing filter to own a home. Rent prices have jumped half a grand in my area in just six months. But all anyone parrots around me is some ominous "I know it'll happen soooooon" crash.

>>52815057
landlords are already finding it harder and harder to find tenants. i'm sure you will say in your area no landlord has even the tiniest bit of trouble, but you're probably just living in one of those areas that isn't overpriced. the majority of areas are.

Housing as an investment is a beyond terrible idea in 21st century I dont know why there are perma bulls like >>52814661

Really stop and consider the following
>IQ is collectively dropping
>the current fiat system is at its end
>the "replacement" idea is some central "digital" copy of system already in place

Lower IQ does not favor democracy lower IQ cannot support a large government. The pillars of the past are crumbling. Big corporations are cannibalizing themselves, there is no hail mary for them to support their constant bleeding projects. We have decentralized forms of money like btc and xmr despite not having picked up adoption they are growing. Really, a sophisticated smart technical person with ambition could point the middle finger at the dying fortune 100 companies with deadend growth as their bitcoin grows in value against dying fiat and open shop a small community in flyover town and start building out an economy. And guess what? People of lesser capability but awareness will support them in a heartbeat over their decaying "government". And yeah, the "government" can throw fits of rage and get nowhere as they become more irrelevant over time. No wonder they call the alphabet men on anyone with significant wealth in crypto. Oh but they cant stop that either. Look at the bigger picture and you see real estate whales like blackrock are really bagholders falling apart. Ironic commercial real estate started to be toxic assets when the internet came about and sears/kmart were the first to fall. Real estate is a worse gamble then cryptocurrencies in the 21st century.

>>52814871
Have you not heard? Millennials are giving up on starting their own family and moving back with their parents

>>52812766
Buddy from work did this.
Bought a house with his gf and planned on upgrading and renting it out.
Then the local market tanked along with his savings trying to make the payments on the mortgage.
His gf couldn't dump him fast enough.
I mean he's a nice enough guy, but not very smart.

>>52815039
I didn't say they will go up forever. prices won't come down nominally in the 2030s, but will become more affordable on a real basis as prices stagnate. I'm also thinking more mid to late 2030s, so not "6 short years" -- boomers aren't going to die quickly, they are the "eternal boomer" for a reason. by the time this happens millenials will have entered middle age and their best years will be behind them, having been economically strip-mined by the boomers.

>>52812766
"Passive income" is 100% of the time a scam

>>52815096
k, well, i respectfully disagree. the current macro trends do not justify your perma bull attitude.

>>52815057
That's the thing, I literally don't even notice increases in my mortgage rate (part of it is variable to give me an offset account). If you just live within your means and don't extend yourself, things like your rent increasing $500 shouldn't be enough to send you broke.

>>52814661
>sitting duck for gov taxes
>sitting duck for outgoings like insurance
>sitting duck for maintenance and upkeep material and labour costs
>if market continues to be deflationary you will not be able to access any equity no lender will take the risk

>>52815111
a $500 rent increase is pretty huge and illegal in most states (year to year leases have a % limit on how much they can increase their rent when the lease ends)

>>52815125
Kek, every day I'm surprised by the amount of anti-free-market shit in the US. I'm still absolutely gobsmacked by this concept of government valuations that you guys have too.

>>52815079
>the current fiat system is at its end
2 more weeks

>>52812786
> I bought an expensive house that took two incomes to afford
> now we have only 1 income
> it’s hard to afford
> wut do?
Why are people so intent on keeping something they can’t afford? Just sell the damn thing and buy something cheaper. If you’re underwater declare bankruptcy and fix your damn life. I own a 779k home on my own and purposely didn’t buy something more expensive as a safety measure incase I had to theoretically take a pay cut for some unknow reason. I also would never depend on anyone else to help buy something of that expense. You can either afford it on 1 income or you can’t afford it. Never trust someone else, people can’t be trusted even if you’re married to them. Literally 80% of the word is absolutely finically retarded and unable to plan for the future.

>>52815295
>You can either afford it on 1 income or you can’t afford it
This is a rule I have for myself, but for the average wagie, they can either combine incomes to purchase a house or rent for eternity.

>>52814889
you mean like farmers?

>>52815295
>Why are people so intent on keeping something they can’t afford? Just sell the damn thing and buy something cheaper.
they don't want to because they will lose money

>>52813294
that's what we're having in Australia, but Australian real estate is a completely fucked ponzi scheme where landlords get government payouts for renting their place for a loss. Problem is that the 3% interest rate increases are crushing when the average property is close to a million, we're seeing rentals go up 20% in value and vacancy rates are at an all-time low because whenever the government foresees a recession, it opens up the migration floodgates. We just had a construction industry collapse so we can't even build places fast enough.

It's going to be an impressive collapse that is more than 12 years in the making. Governments are looking at removing the tariffs on foreign investors just to keep the market afloat to not fuck over every cunt that FOMO'd on a house the last two years during a moonshot of 50% when their fixed rates expire next year

Buying high selling low psychology in full effect here. Niggas are still telling you to buy at the worst bubble in recorded history.

Anybody in here ever done Lifestyles Unlimited?

>>52814871
>Home prices will go up because people will get pregnant and shit
Wow thats never happened before gee your bags are safe I guess huh
>Muh zoning restrictions
nigger go outside. New stock is coming online every day because just like last bubble all the retards bought they low supply line go up forever myth and now builders are shitting themselves.
>Muh trades
Kek you just believe anything

>>52815079
retarded take. housing in CA has historically only ever gone up and with every year that passes rent /housing prices only go up. I personally have become a multi millionaire off housing alone.

>>52815803
sure u have bud

my whole thing with rental properties is you have to rely on the the rest of the economy working so people can keep jobs and pay you. that's if even they want to work at all. So fuck all that

>>52814661
>You missed BOTH the generational bottom on housing AND the generational bottom on interest rates. Get over it and move on.
Housing is reflecting such gross unparity with reality that sooner rather than later it will pop. You may be smug on your new found wealth but its going to erode for people so gredy and out of touch with reality, get fucked nigger

>>52812911
Maybe owning multiple depreciating assets you don't live in and that produce nothing is retarded actually?

>>52816053
No-hoomer here, if I could buy a single house for $400k cash, and then rent it out, making roughly 40k for ease of numbers per year, that's 10% on my investment every year, for something that will eventually pay for itself and as time goes on will appreciate. Assuming I spend this 400k after this housing bubble pops and I get it for dirt cheap, what are the other downsides to owning properties? You mentioned depreciating, so you mean up-keep, and producing nothing.. 40k is something

t. man with 1.5mil figuring out what to invest in

>>52816104

The issue with being a landlord is bad tenants/lack of tenants fucking with your cash flow.

If I had 1.5 million to invest in I would just buy 30 year treasuries and live off the interest.

>>52816104
I didn't see you factor in a new furnace and roof and whatever else breaks.
Renters are going to find out how very poor people are over the next few years.

Neither rent, nor mortgage rates are anywhere near sustainable.
I'm selling houses now.

The only options that are sure fire are small town homes in 50k range that you can get $600-800/m on.
Then "major" expenses don't come up often and the market never moves much and you can immediately take home the full monthly rent because you own it straight away.

Why mortgage something big when you can own something small?

I know this is crazy, but what if people just start building houses?

>>52816188

Sorry goyim you need to apply for a permit and have it inspected.

>>52816121
>30 year treasuries
That's interesting, 1.5 mil would be 50k @ 4%. Pretty low, but thank you for the bread crumb. I'm looking for alternatives and diversification. 10% is more of my goal, with as minimal risk as possible. I bought a couple structured products through a securities companies that pay 15-17% but if there's a huge recession coming up that lasts more than 2 years I'm at risk of losing most of my initial investment

>>52816223
*builds house*

>>52816230

Depends on your goals and risk tolerance. But I've been buying treasuries because I have low risk tolerance and it makes sense to me to make 4% on bonds instead of -50% on stocks.

>>52812766
Paasive income is a meme especially with rentals. The time to get into property was 10 years ago when interest rates hit rock bottom and banks had a ton of property they wanted to liquidate after foreclosing on tons of people and businesses. Now with interest rates rising and many investors have already jumped into property as a secure asset to ride out the coming recession. Anyone online you see shilling this shit is 100% either selling a course or is liquidating assets and wanting buyers.

I see posts frequently about people recommending legal options when it comes down to property damage, hoa disputes, or squatters eviction. I see legal/court recommendations and threats so often but is this really how things get resolved more often than not?. If a squatter wrecked your property and didn’t pay for months , they have no money, what are you gonna sue them for? How will they cover damages. Do they live rent free in your head and you have to watch them for the rest of your life for an opportunity to send a debt collector their say.

I remember my neighbor dealt with a hit and run, caught the uninsured kids that did it, took them to court and stuff, and never got a penny from it even though the court ruled in his favor. What was the point.

So it makes me wonder whats really going on and why sueing people is tossed around online so much. Is it bored assistants at a law office just creating an atmosphere for potential clients?

>>52815295
>80%
Anon, I have bad news...

>>52816164
Housing markets are horribly over inflated and rising rates will crash markets in 2023. Take my own bongistan. Its estimated 40% of all mortgages are on interest only repayments and many of them are on deals due to expire next year.

>>52816267
>why go to court
Probably an insurance issue
>what if they dont pay
You can get the court to enforce the debt through bailiffs.
>do they live rent free
Trick is to vet your renters before letting them in. Credit tests are a good one.

>>52812793
lel, stupid bitch. even if youre paying 1300/mo and receiving 1000/mo, thats still pretty fuckin good for renting out something youre not using. youre "losing" money each month, but that totals what, like 3-4k in a year? and you have a property "worth" a hundred times that? fuckin take the rent and shut the fuck up

>>52816230
>Invests in Ponzis
Kek

>>52816267
exactly. you can sue anyone you want, but the court will only be able to enforce the sentence if they have a registrable asset that can be seized and auctioned, such as a car, or a bank account. wages can be seized too, but only the difference between the post-tax wage and the minimum wage. suing someone who has nothing to their name is a total waste of money, unless you're doing it as a matter of principle and can afford to take the loss.

this is why a lot of landlords ask for a "warranty" when signing a rental contract. a guarantor is someone with some registrable property to his name who signs a separate contract with the landlord, assuming responsibility for any damages that the tenant might cause to the property. to sign this contract, the potential guarantor must show the landlord proof he's the legitimate owner of the property, obviously. the landlord usually inspects said property to make sure the value matches that of the property to be rented.
since the guarantor assumes a huge risk by signing the contract, they usually ask for some kind of monthly fee from the tenant. even then its still a huge risk, so very few home owners risk signing these contracts. where i live not being able to find a guarantor is the #1 reason for why young people have trouble finding apartments or homes to rent. generally young people ask their mom and dad to be their guarantors, but not every family has a home to their name.

>>52816342
Says the man posting on a crypto board. "A structured product is a prepackaged investment that usually has one or more derivatives and is tied to interests. The Financial Industry Regulatory Authority (FINRA) describes this complex investment as based on/from a security (or a basket of security), a commodity, an index, a foreign currency, and/or a debt issuance. Market-linked derivative investments, structured products can either be sold directly to investors or embedded in other products."

>>52816230
>10% is more of my goal, with as minimal risk as possible
nope

>>52816426
I hold XRP which by it's very nature is scam or con. Most decidedly NOT a ponzi.

>>52816230
>30 year treasuries.
You will get rugged when they effectively nullify debts and non-physical dollars are fractionally convertible to the new CBDC. The government is your counterparty. They can't seize equity, look into a divvy growth / value index fund instead, it will hold value through a currency conversion and your income will grow over time.

If you're set on sticking with treasuries, do staggered t-bills, maybe 1/3rd at 3 month duration, then your liquidity won't be as subject to market forces or gov rugging and you'll have access to 1/3rd of your capital each month to make moves.

>>52816121
Thats retarded so chances are you’ll never get there.
>>52816230
You’re not going to get 10% in bonds
6-7% is generally considered the upper limit for dividend yield and cap rates that are still ‘safe’.
If you want high yield you have to go with private equity and get distributions.
So start rubbing elbows with people who start businesses and do capital raises because a that’s the only way you can see 20% cash flows

>>52816104
your not going to get 40k bro
>what are property taxes
>what is home insurance
>what are repairs
>what are property management fees
>what about HoA fees
>what about vacancies

Not to mention that being a landlord is about as morally reprehensible a thing anyone can do. Landlords are criminals who belong in the ground.

>>52816324
>Property taxes
>Management fees
>Vacancy
They're losing more but even so wtf did they think would happen? House in MEMPHIS going up in value forever? It's a fucking shithole lmao

>>52816104
>400k house
>4k per year
Keklmao

>>52812911
Makes you wonder doesn't it? How can these big funds and "Investors" be making any money? Strange isn't it. Why in the world is big money all rushing for the exists in Blackstone funds? Maybe housing price only goes up was not true after all...

>>52814832
That demographic is showing that it's slowing down. And it will become negative you understand that yes?

>>52816796
Not only is birthrate declining, but life expectancy is falling and immigration reversed during the pandemic and is now anemic.

>>52815111
Hahahahaha

>>52815111
You need your head examined. Your scumbag landlord raises your rent 500 in one go and you just say "thats fine. I live below my means." ???

>>52815125
Landlords get around this by refusing to renew a lease if tenants say no to the increase.

>t. happened to me. Landlord raised rent by 45% and when we said no, he kicked everyone out.

>>52814661
this just reeks of hoomer cope. the great majority of covid homebuyers bought at near-record housing prices. doesn't even matter if they got locked in on lower rates, they can hardly afford their mortgages now which is why consumer debt is going up at the fastest rate in nearly 40 years. foreclosure hunting will be a blast in a couple years.

>>52816902
Its long past time to start the putting fear of the people back into the landlord class.

>>52813457
Nope, that’s sexist against waaamyn, the judge will tell him to man up and get a job So he can pay her alimony.

>>52816818
This is why Canada's century initiative will ultimately fail.

>>52816927
This is very accurate. Those I know who do own homes are house poor and living on consumer debt and or dwindling savings. They all are just a few major unexpected expenses away from insolvency.

>>52812766
>going in on a rental property with anyone
>going in on a rental property with a woman
deserves misery
>>52812771
>>52812786
average retards
>>52812793
>buying property in the fucking south
Either you become a slumlord, or you buy a house near a college. Those are the properties you want. Not some bullshit single family home in a suburb of some shitty "city."

>>52816953
Canada's housing market defies all logic and gravity itself. Canada looks more like a top heavy banana republic every day.

>>52816756
property taxes are figured into the mortgage, she didnt buy the property out-right. management fees and vacancy (?) are property management's problem, they typically get like 10% of rental fees from tenants.

>>52817006
In what fucking market are you getting 4k a month in rent on a 400k house??? this is the kind of "investor" math that got us into this fucking mess.

>>52817025
?

>>52817025
Any triplex?

>>52812983
Its funny that people complain they cant afford a home and hate on landlords at the same time
>fuck the people who lease me a shelter i couldnt otherwise afford

>people finally realizing the actual house is a depreciating asset with huge maintenance costs and you dont make money on a mortgage

>>52816900
Why blame the landlord for increasing rent to cover their costs, rather than the government for continuing to print billions of worthless dollars?

>>52812811
>buys million dollar house
>think people are actually going to rent at this price to cover your mortgage

the jews are actually right about us, aren't they?

>>52815079
Good effort post. Housing in countries that have positive birth rates and are hubs for energy will be big in the next 10-25 years.
>>52815803
>using personal success to justify continuing trends in a negative-Flynn effect world.
Yep, housing is a bubble.

>>52815468
mate. WTF is up with Aussie homes,
how are wageys on 90k got 800k mortgages?
no one in this country produces shit
interest rates are rising every month
how long til shit goes belly up here

>>52817467
Not depreciating. But depracating