/biz/ - Business & Finance

>>53775730
sit on my face zestistacy

babe yeh the zestimate aint looking so good but dw i hedged us with DRV

>>53775758
GODDAMNIT JOHN! I TOLD YOU TO BUILD THAT ADDITION INSTEAD OF INVESTING MONEY!! WE COULD HAVE SOLD AND DOUBLED OUR MONEY! MOM WAS RIGHT! I SHOULD HAVE MARRIED SOMEONE MORE INTERESTED IN ME THAN THEIR VILLAGE!!

>>53775758
The what now?

>>53775730
Zestimates are still high in my area but don't reflect reality. Houses that come on the market sit and then have price declines every other week.

>>53775730
mine is up rentoid

>>53775730
>house on market for 2+ months
>weird ass listing price equal to zestimate e.g. $431,380
big hmmm

>>53775758
DMV?! You hedged us with something that has such a high association with NIGGERS?! IT'S OVER ALEXANDER!! I've been sleeping with Narayan now anyways, he knows better.

There’s a long way to go before we hit the bottom. If there is a recession, prices fall by 50% over the next 2 years. If there’s no recession, interest rates remain elevated and prices still fall 30-40% over the next few years.

June 2022 was the price peak until around 2030 and there’s no reversing that

I'm in a process of selling above market. What am I in for? Should I HODL?

>>53775932
My home already doubled in price. This doesn't affect me at all.
Also if it drops, it will just go up later lol.
Also I have 3 rental units on my property.
Rent is due.

>>53776001
mortgage is due, wagie. only 318 more monthly payments before it's all yours, subject to property taxes, habitability standards, eminent domain, and civil asset forfeiture.

>>53776024
>mortgage is due, wagie
I used my crypto gains to may most of my mortgage kek

>>53776001
Why didn’t you sell yet dumbass? Insurance rates are doubled, property taxes way up, all on depreciating assets. Tbills are already back to 4%

>>53776050
>Why didn’t you sell yet dumbass?
Because it's a rental property and I want passive income for the rest of my life.

>>53775730
Prices haven't gone down where I am. The supply has totally crashed though. If you're looking for a house in my area you have two to choose from. Nobody else is selling.

>>53776081

This. Housing market will never crash again. Buy now or cry later.

>>53776086
>”This time is different guys I swear!!!”

You’re either a realtor or a literal retard. Prices peaked in June 2022 and won’t be coming back up for a minimum of 2 more years. No Florida is not immune either. Prices are falling in Tampa, Orlando, Naples, Jacksonville, and it’s only a matter of time before it spills into Miami. The average wagie in Miami can’t support these jewish prices and the vast amount of boomers are going to be dying off in the next few years causing a glut of supply

>>53776049
>most
mortgage is due, wagie. loan officer shekelstein doesn't care that you paid most of it on time.

>>53776352
wow so I have to pay 400 bucks a month
oh no, I will never financially recover from this

>>53776080
>rents make 4%
>1Y tbills make 5%
>rates are coming back down before 2035

>>53776374
>mortgaging $400/month
you are bragging about this?

>>53777198
yes? It used to be a lot more.

>>53776024
Rent is coming due, rentcuck. Make sure Mr Shekelberg has that money on time this month to avoid your late fee. If it happens again we may not renew your lease or even terminate it. We can legally sell any property left on the premises.

>>53777304
my rent is <10% of my income. i put $50k a year into savings and investments.

It literally still has not gone down, hobo chud

>>53775730
INSTALL THE GRANITE COUNTERTOPS NOW

>>53775730
Market is frozen right now, no one is buying or selling.

>>53775730
Looking good sweatie and only 13k in property taxes is a steal

just checked it. still up but that's an ugly chart looks like bitcoin or something

>>53778266
>installed free solar panels

>that'll be $100k plus tip

Rentoids I kneel...

in my 3500 sq ft suburban home purchased for $350k (now worth $680k) and I THANK GOD I bought in 2015. You will never own a home.

>>53776080
>rentals
>passive
You're going to get wrecked, enjoy collecting net yield lower than tbills on a depreciating asset that requires constant maintenance and supervision

>>53775730
AirBnB and Flippers are gitting hosed!

>>53776080
You still live with your mom don't you? If you've ever rented from a landlord you would probably never want to touch being a landlord unless you're a people person.

>>53778486
Threadly reminder that RE is a horrible investment and that even in the last 12 years (literally the best 12 years ever for SFH) houses have only doubled in value while QLD e.g. has 20x. A $40k down payment in 2010 invested in the market instead of wasted staking on the boomerbox shitcoin would now be worth almost $1m
>b-but uv gotta live samwhere!
Do you goyim ENJOY being exploited? Is this some kind of sick fin-dom masochism where you get off on being a debt slave? At current interest rates you'll have paid 77%/23% interest/principal after a decade, even with 3% rates you're still paying over 50% interest in the first decade, and that doesn't include PMI. Fuck off with your "pissing away money" on rent, you're pissing away money on a mortgage too, and rent doesn't require a $50-100k down payment, which when properly invested easily makes up what you've "lost" (formally known as Gained) by not staking your capital in the boomerbox shitcoin

We negotiated our landlord to reduce our rent by $500 a month, have fun renegotiating your mortgage you home-“owning” cucks

>>53779182
How many millionaires do you know that don't own their home? FACT: 92.3% of millionaires own at least 1 property fully paid for. Keep coping with eternal rent payments eating into your retirement funds for the remainder of your life. I'm sure Laquisha at the elderly care center you get dumped into after your savings are inflated away will take good care of you, Moshe.

>>53779182
>copypasta cope
Holy shit this is sad

>>53779108
People like this should be hung. Jesus, Fucking, Christ no wonder the market is overpriced RN. Hope it all comes crashing down soon

>>53779240
Good bait

>5 years paying average rent on a decent 2 bedroom ($1,200/month)
>$72,000
Poof, gone. I'm also being nice an assuming rent doesn't go up every year, which on average, it does by about 3%.

>5 years paying average mortgage on a decent house ($250,000 @ 3% interest w/ 3% down FHA Loan + PMI, taxes, insurance) ($1,450/month)
>$87,000 + $7,500 down payment = $94,500

Here's the kicker. Of that $87,000, you basically put $38,000 of it into a piggy bank via equity. Not only that, but homes appreciate about 3% every year, meaning your $250,000 is worth closer to $290,000

Basically after 5 years, a rentcuck has pissed away $72,000 and if a MortgageChad™ were to sell after 5 years they would get a nice fat check for $70,000 (subtracting for closing costs) meaning they really only "pissed away" $24,500 - literally a quarter of the rentcuck

And this is selling after 5 years. Wait 10 years and you'll literally come out with money in your pocket because your home is an investment you live in. Meanwhile the rentcuck perpetually pissed money into the wind and not only that their rent is increasing. In 10 years my mortgage will be the same but in 10 years your rent is likely going to be 40% higher.

>>53776024
You will never be a home owner. You have no garage, you have no yard, you have no equity. You are an irresponsible man twisted by bad decisions and lack of motivation into a crude mockery of financial perfection.
All the “validation” you get is two-faced and half-hearted. Behind your back people mock you. Your parents are disgusted and ashamed of you, your “friends” laugh at your ghoulish 700 square feet behind closed doors.
Successful men are utterly repulsed by you. Decades of economic research have allowed men to sniff out frauds with incredible efficiency. Even rentcucks who rent “homes” are pissing away money and have no equity. Your dented car doors are a dead giveaway. And even if you manage to get a drunk girl home with you, she’ll turn tail and bolt the second she gets a whiff of the weed seaping through your neighbor's wall and the loud stomps coming from upstairs.
You will never be happy. You wrench out a fake smile every single morning and tell yourself it’s going to be ok, but deep inside you feel the depression creeping up like a weed, ready to crush you under the unbearable weight.
Eventually it’ll be too much to bear - you’ll buy a rope, tie a noose, put it around your neck, and plunge into the cold abyss. Your parents will find you, heartbroken but relieved that they no longer have to live with the unbearable shame and disappointment. They’ll bury you with a cheap headstone representative of your income, and every passerby for the rest of eternity will know a poorfag is buried there. Your body will decay and go back to the dust, and all that will remain of your legacy is a skeleton that unmistakably left no inheritance.
This is your fate. This is what you chose. There is no turning back.

>>53779875
ignoring maintenance and higher insurances is disingenuous to the point of stupidity

>>53779888
>maintenance
Literally 1% of the home's value. Rent increases an average of 3% every year - I didn't factor that into my equation. So if you want to go ahead and factor that 1% in, go ahead and add that 3% YoY increase to the rent price.

>higher insurances
Lol, just pulling stuff out of your ass now are we? Keep coping rentcel. You can go look for yourself what home insurance typically is for a $250k home

>>53779963
I have plenty of friends with homes and I rent because its so much cheaper and the $500-1000 I save a month goes to absurdly appreciating investments, many times 3% annually

I'd be a lot poorer if I was stuck with a single house starting at only $250k

>>53779299
>boomerbox baggie doesn't keep extensive pasta for efficient shitposting
Not surprised, but still sad.
>>53779240
If RE is a significant fraction of total net worth, and your total net worth is sub-8 fig, you will never ever ever make it. Simple as

>>53780045
Well, hate to burst your bubble tardo but this thread isn't about you. Nobody ITT cares about your life story. This is about the broad topic of renting vs buying, not anecdotal references. The fact this fleets you is indicative of your low IQ.

>>53780109
the rent vs buying total outlay vs available investment opportunities is the same everywhere in the country

if either got out of line, the other would fix itself quickly, and there are no differences in investment opportunities

>>53780109
>t. that's just assume houses cost $250k and mortgage rates are 3%
Most people will never financially recover from becoming a boomerbox baggie

>>53780138
You are looking at this through some sort of lense of retardation - thinking that a homeowner is incapable of investing. The only different between someone with a mortgage and someone renting is the rentcuck is pissing away 100% of their rent whereas someone with a mortgage pisses away about 50% of their "rent" (via tax, interest, etc) over 5 years. Extend that to 10 years and it drops to around 40%.

If you're talking about the opportunity loss accrued from the down payment.... lmao. Please go there so I can wreck your asshole with facts and logic.

>>53780146
This doesn't account for the fact mortgage payments stay virtually the same after 10 years while rent on average will be 30% higher.

In 10 years my mortgage will be the same. In 10 years there is a good chance you will be paying double what you are now with the way inflation is going

Oh, and another great thing for homeowners? Their house is a hedge against inflation. A $200,000 house now is likely to cost $300,000 in 10 years. During that same 10 years, the $200,000 house I bought is now worth $300,000. Meaning if I sell, and go to buy a comparable $300,000 house, it's a wash. You (rentcuck) on the other hand have ZERO equity in your apartment. So you're fucked lol. You're paying $300,000 for that house whereas I sell my existing house that has $100,000 in additional equity (on top of whatever equity I accrued paying my mortgage) and am financing $200,000 at the most.

Sucko my dicko rentcucko. Hold this L

>>53780253
you are unable to understand why the 'housing costs' part of renting something is so much cheaper than buying everywhere in the country because otherwise nobody would ever be a landlord and I can, and do, do so much more with $500-1000 a month extra in a comparative situation that is otherwise stuck with something 'appreciating' 3% annually

>>53775730
/biz/ I need help. Parents are trying to pressure me into buying a house, and are willing to contribute significantly to a down payment. Should I go through with this? I dont make much money, only around 42k per year before taxes. I still live in low cost of living area with houses under 250k. If I moved to a smaller city 50-60 miles away I can get a liveable place for 150k. Should I attempt to buy a house? Is it always going up? My parents say they are tired of me renting and throwing money away and they want to help me buy a house. I am grateful, but even with their help I don't know if I'll qualify for a mortgage, and I don't know if it's actually worth it

>>53780348
you will be house poor beyond belief

>>53779885
Delet this right fucking now

>>53780355
>you will be house poor beyond belief

this is what I'm trying to explain to them but they won't buy it. They think that if they can ensure I purchase a house, that it'll be my ticket to success and building wealth even if I never get a great job. If we could've done this 5 or 10 years ago I'd be on board, but right now it just seems insane with these 6% interest rates.

>>53780311
If you're doing so great why are you seething?
You sound like a kike or some sort of drunk grifting boomer insulting your 15y/o nephew at thanksgiving

>>53780417
you will be 100x more successful if you generate more than 42k a year income rather than lock yourself into a 150k house in the middle of fucking nowhere that if you want actual success later in life, you will have to get rid of it anyways

>>53779875
Pretty risky betting your life savings living somewhere for at least 5 years with the current state of the country.

>>53780341
>I can, and do, do so much more with $500-1000 a month
Once again, tardo, this thread isn't about you. Go look up the median rent is USA vs median mortgage. Newsflash: median mortgage is $800 less than median rent because, one again, mortgages don't significantly change every year while average rent does

>>53779875
Honestly if I could find a decent 2-bed for $1,200 I'd jump on it in a heartbeat. Pretty generous estimate.

>>53780491
Is providing data to back my claim "seething" in your simple brain? Or was this a poor attempt to take attention away from the topic and focus on myself? Either way, low IQ post

>>53779875
>>53779885
>>53779963
>>53780109
>>53780311
>>53780556
>>53780566
so i read all your words. sounds like you're an angry conservative upset that your inheritance (which likely came from pre-08 options trading and savings) isn't the same purchased lifestyle that the people you're looking to help(?) adheres to, or has privilege of.
but i don't get it, if we all did the same thing you do, build larger carbon footprints to accommodate larger populations, then we'd just be a greater competition to you. what's the angle? sounds to me like you've got about 50 tabs open and you're on a tirade.

oh yeah this one's gonna be a kicker get ready

>>53779968
this desu

>>53780501
That's a pretty big IF. I'm in my 30s and graduated college over a decade ago. I'm not holding out hope I'll magically get a much better job anytime soon

Markets are largely seasonal and Jan,Feb,March are the lowest inventory months. This creates a seasonal shortage of homes. There are more listings than the last 3 years but supply is still quite low. I'm not a rent cuck but I do think that the solution is to rent and to fuck things up in a way that causes no liability and requires landords to immediately correct. If a nation of wagie renters can bonk the lords on the sly with enough expenses then liquidation shall occur. Old fucks will be happy to off the house on the market after having a bad experience. This is the way my frens. Be a good tenant, but maybe introduce termites and structural issues. Maybe find a way to corrode the boilers and ducting! We need supply to buy!

housing market increases average 5% per year inflation is currently at 7% so you need to outpace inflation every year in order to justify spending money on such an asset. This is assuming the housing market increases every year like it has been doing for the past 40 years. Mortgage vs rentcuck ultimately its better to just live at home for abit and save money on rent while you work a job then to invest that money into either a home or crypto/ stock market. signing up to paying a 30 year mortgage on a home when you are 24 years old is a guaranteed cuck move in keeping you in a wage cage with very little mobility

>>53778266
Imagine paying a half million dollars to live in a state where you aren't even legally allowed to defend your life let alone your property

imagine paying ANYTHING for a piece of shit house and not LAND

>>53780571
>>53780613
This dude sat here for at least 10 minutes refreshing the thread thinking I was typing out a long response to his irrelevant ad hominem hahahaha wow, meds

>>53781911
>comparing average housing increase to an abnormal year of inflation
>failing to account for the nearly 50% increase in home prices during that same period of inflation
>unironically making this retarded argument
Rentcucks are so stupid it's unreal

>>53779885
see >>53777325. i could buy a home tomorrow. i choose not to buy inflated boomer bags because renting is preferable.

>>53782020
The cost is the land, that's why location matters. Biz is just too ignorant to know that.

>>53782910
Whoa cool, see >>53780109

>Be 30y.o. Greek Yuropoor
>Own two houses in tourist areas and one more on its way
>Short-term rentals bring in x3 the average income here
>Meanwhile locals are on the verge of homelessness and seethe every day about short-term platforms. Something about housing being a right.
>Life is good in Eastern Europe.

>>53782963
What about all the Africans washing up on the shores everyday?

>>53782956
>11 posts by this ID
no one is impressed by your 1100 square foot plywood box in southwest nebraska on a 360 month repayment plan. you aren't "landed gentry," you're an insufferable faggot who is unhappily married to his bags. if you had made a sound investment then you wouldn't feel the need to voraciously defend it with inane blogposts and low IQ analyses on a vanuatuan slot car racing BBS. your bags will deflate. you will lose money. you will slide further into irrelevancy, chained to the absolute fringes of society in your plywood mausoleum.

>>53776306
Boomers won’t start dying in massive numbers for 5-15 years son. Many boomers are early 60’s to early 70’s, and they have life expectancies of the mid 80’s. Consider that elders on average spend maybe 2-3 years in assisting living on average in this country.

There will be an opportunity to buy housing cheaper when boomers start to pass. But we’re not gonna be there in 2 years.

>>53782994
>tries to draw attention from thread topic to his own personal experience
>tries to draw attention away from thread topic by pointing out my post count
>resorts to irrelevant rage posting
Kek, seethe harder rentoid

>>53776352
My mortgage is 18% of my take home including everything. With tax and insurance, it costs as much as an apartment with half the sqft in my area.

I’m so sorry you still have to rent. If you want to hang yourself over it I’d understand

>>53783069
>>53783075
again, i could buy your plywood boxes with cash. i choose not to.

>>53779875
Don’t forget that mortgagechads decent home is much larger, nicer, more private, and more customizable than rentcucks apartment.

>>53780348
How much help is help? If they are willing to put 20% down + you putting some savings down, you might get a decent mortgage payment. If it’s 5% down, I wouldn’t take it unless you could afford the house yourself.
Look at starter homes, like true starter home. 1200-1500 sqft.

>>53783075
i live home rent free and inherit two homes when the boomers die. must suck to be a literal slave.

>>53777198
Proof he's some kid who doesn't understand the average mortgage monthly cost. Fuckhead

>>53780348
>is it always going up
no. A lot of rural/suburban flyover markets are massively overvalued and will collapse as boomers age. Big coastal city property will probably keep going up but you're probably better off investing in something else if you're looking for gainz. You buy a home because you want to buy a home.
>should I buy a house
probably not unless you just want a house. I bought a $600k house on ~$80k of income but I did so at 3% interest and have no other major expenses or debts. I didn't do it because it was a particularly good investment, though having a big debt gives inflation a silver lining. My bank sends me offers to refinance on a weekly basis.

I mostly bought because I breed ornamental fish and shrimp and most rentals wont let you have more than one or two aquariums and wont let you keep anything bigger than a 10 gallon. This place has a nice concrete floored basement with a drain in it so i can keep some larger mass breeding tanks for shrimp.

>>53776086
>Housing market will never crash again
you realise population growth is slowing or declining in every developed country right? what happens when there's more homes than people?

>>53783101
I could also pay off my home in cash. I would rather invest the left over because having a diversified portfolio makes more sense.

>muh rentcuck
>muh wageslave
You faggots will all die and are bickering about boxes made of wood and paper made of trees. try killing yourselves since clearly your lives are meaningless.

>>53783101
>I have a 9inch dick and make 6 figs a year working at burger king
Again, literally nobody cares about you newfag

>>53783279
>*the euphoric freethinker enters the thread*
>"heh, were all just rats in a cage"
>*tips fedora and leaves*

>>53783279
Agreed these threads are always so cringe. No better than retards on Facebook screaming into the void about how much better their chosen political team is. Pretty cringe all around
>>53783353
>someone dared to critique my retarded screeching, quick call them a neckbeard

>>53783231
The Jew fears the indoor shrimp farmer.

>>53783751
>critique
>"wahh you're stupid for having an opinion on this thing because WERE ALL JUST RATS IN A CAGE"
Your gay wizard buddy didn't critique anything and basically just tipped his fedora then left the thread

>>53775730
MY ZESTIMATE JUST GOT LIQUIDATED

>>53775730
kek. in order for the ones who sold the top to win there are two of these retards >>53779108 that got rekt

>>53776001
Congrats, your in a micro real estate climate. Still doesn’t change the fact the rates and market are falling everywhere else. You should be taking out some equity to buy dirt cheap. But your a faggot and larp on biz that you’re a genius RE investor

>>53780501
You know why they call them flyover shit holes right? $40k is actually pretty good for living in an opioid district.
>>53780417
I'd go for a 3/2 with a decent sized yard in north side of town. $150-200k max. Payment should be very manageable, refinance once rates are better, and you will have a path towards housing freedom (no rent once retired) as well as an asset for attracting a wife/rando hookups (assuming it's not a sub 5k population shithole).

>>53779358
Retard alert

Imagine seething that some guy wants to finance home repairs at a low interest rate. People flip homes all the time and have for decades and have financed the cost via home improvement/ renovation loans. Your retarded rentcuck brain thinks this is a new thing because you live in a bubble. You think every new thing you learn is an actual new thing because you believe you are much smarter than you really are. Such is the case with many of you 4chan autists.

>>53784501
>that low IQ poorfag who thinks he's a financial genius by maximizing (in his head) cash on cash returns only to be crushed by the holding costs of unexpected delays
a tale as old as time, as evident by the number of half-finished "i ran out of money, please bail me out" flipshitter homes on the market

>>53784554
>this thing I imagine in my head, yeah, it happens hurr durr
People make money and lose money flipping homes, same as any other sort of risky investment. But freaking out as if financing home repairs is something new (i.e. "no wonder the market is overpriced right now") is retarded.

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