/biz/ - Business & Finance

my plan is to buy some unincorporated land and put a used mobile home on it
can't afford a real home anywhere in this country

>>54469196
It suits those wealthy peoples' interests.

>>54469196
>they
Who? You mean /biz/? I don't know either. Why does/biz/ argue for renting over buying a house? Literal poorfag mentality.

>>54469196
what part of
>you will own nothing
>and
>you
>will
>be
>happy
do you not understand?
>I drive the cage
>I work the cube
>I eat the slop
>I sleep the pod
>I am happy™

>>54469357
>who?
I presume OP is referring to whoever wrote, published, and commissioned the article.

>>54469196
good question. let me grab some snacks to read the responses

good thread but my CBDC wallet just told me that i have no more US credit for internet for today.

>>54469357
With interest rates the way they are it probably makes sense to rent unless you have a huge down payment. mathematically mortage + insurance+ tax+ repair vs rent and invest the difference wins in high interest rates

>>54469196
Renting isn’t even that bad. I technically rent as my parents own the house and rent the room out. $1200 a month but it’s a deal compared to everything else. They then reinvest that money back into the house like new kitchen cabinets or recently a new tv. It irks me that sometimes they use the rent money for month long vacations but I get the house for a month long, still have to venmo first of the month or my dad/landlord blows a fuse.

>>54469716
i rent to daddy /blog

>>54469215
The reality: You lived in a busted RV on the side of the road near my $1m house in Portland. These vagabond delusions are the onramp to bumhood.

>>54469771
be nice. let him cope

>>54469771
I would literally have to relocate over 2,000 miles to be a bum in Portland.

>>54469390
Go back to /pol/

>>54469196
cos the aussie dream of home ownership for everyone and anyone is completely dead. Australia is just only starting to catch up to the rest of the world and only just starting to realise it. Look at the motherland (UK) it has been like this for decades.

>>54469196
I swear I've seen this exact thread and replies before. I'm not crazy am I? Someone else has surely noticed as well.

>>54469196
>renting forever doesn't mean failing

Is it fucking does. If you are renting forever, you can't work forever. The only way to survive this way is to have a massive retirement fund to pay for rent throughout all of retirement, but if you have enough money to put aside for that much retirement, then you could have just bought a house that you owned. But enjoy fighting landlords until you are in the fucking grave, and leaving nothing behind to your family

>>54469196
I have a friend who went tranny and eventually now full NEET, he was mostly normal had his own place and worked in IT at CVS, something snapped and he went full tranny and is now an abomination and knows it, and the parents have chocked it up to an L on their part so they said yeah you can live in the house and you get it when we die too because even if you are a retarded tranny we can't take this shit with us when we die and we don't wanna be remembered as jackasses so here you go

I commend boomers that take L's in stride so to speak

>The rich own the media
>The rich are also the ones buying up all of the real estate to rent to you
>What did they mean by this?

>>54469196
What an odd thing to suggest. If you are renting property, then by definition someone else owns that property. How then are you not failing, at least relevant to them? They own property AND they're collecting your money.

>>54470532
How hard is it to buy a house? What are people doing with their money that they can't save up $100,000 in 4-5 years and get a mortgage for under $700/m?

I take home 60,000 a year after taxes and I spend probably 20 of that between bills and leisure. Like, what the actually fuck are people doing with their lives? In 12 years I'll have enough money to live almost entirely off dividends. I plan on getting a fun, part time job that I can do until I retire.

What am I not getting here?

>>54470462
Happens every day!

Remember never sell land and always buy land. Renting is for losers.

>>54470593
I was thinking about doing this. How old was your friend and how much did he make? He was probably just lonely and couldn't take it anymore.

>I got the job
>I got the car
>I got the apartment
>For what purpose.webm

Have you tried to talk him out of irreversible mistake? Or is he on medicines now.

>>54470626
People are mind blowingly retarded with their money but they will never admit it or seethe at the thought that they mishandle their money

It's like telling a parent how to parent their kids, it makes people salty because they get called out for their incompetence.

Most people are incredibly stupid with their money. So stupid that it's laughable. There's a possibility of there being people who work at McDonald's and unironically live a more comfortable life than some "rich" faggot, who make 10k per month and have 9.9k in expenditures. The rich faggot slips up even slightly and his life falls apart. The wagie loses his job and has months of backup collateral. "Comfort" is subjective here, comfort being sure the rich faggot drives a nicer car and has a nicer house but any two fuck ups in a row and it's over.

>>54470527
Yeah. Some anons post the same thread starter over and over again because it tends to always get attention. (I guess the positive spin would be "the same thread starters drive interesting conversation")

>>54470610
>>54470532
Owning a home is a lifestyle choice, not an investment. There is no guarantee that your home will grow in value or that the town you live in will remain a desirable place to live. Your home will most likely determine your job opportunities, choice of sexual partners, which school your children may attend, etc. The biggest costs in our lives are opportunity costs. If given the choice between renting while working a $150k annual job or owning a house with a $90k annual job, which would you prefer?

Last, a house does not pay dividends. On the contrary, you will need to pay for insurance and maintenance.

If home ownership is attractive to you and fits into your lifestyle, by all means go ahead. But doing it for purely financial reasons is a misguided notion.

>>54470626
People have families and other obligations. Most people aren't neets or social outcasts who save all their money because they live with mommy

>>54470771
Then once you pay off your home you rent your home and buy another home with that rent. Shill renting all you want, yes you can name many attractive reasons to rent RIGHT NOW. But when you are too old to work, I hope you have enough money saved up to put 2000 a month just to not be on the streets, and that price can absolutely go up at a moment's notice while your income remains fixed

>>54469196
I know a passport bro who makes $167k a year programming and he still chooses not to buy a house and just rent because he's too mentally ill to stay in one place. It's embarrassing, really.

>>54470696
I guess it's a mindset. I'm 33 and have basically everything I want, all i want now is freedom. I understand wanting to buy a house but, frankly, I enjoy moving every few years. The idea of living in the same house for 30 years or the rest of my life seems silly to me.

However, that's my choice. But I could seriously buy a house cash, outright right now.

Frankly, the only thing that's really important to me in any place I live is that I have a nice kitchen because I love to cook. Maybe being able to cook gourmet quality food at home everyday keeps my desire from going out often?

IDK, I'm a simple guy. Buy a new PC every 4-5 years, I have a nice mountainbike, go rock climbing and I enjoy car camping in my 10 year old Acura MDX. I got it for $13,000 a few months ago, paid cash and I plan on getting at least 6 years out of it.

I eat well, I have luxuries and I travel all on 20,000 a year. Where does peoples money go? I just don't get it. I look at peoples income and I literally cannot understand why they're poor. Maybe poverty is as much a mindset as wealth?

My next purchase Is I'm going to spend ~$3,000 on a new PC at the end of this season so I have something to do this winter and I'll have that for 4-5 years. That's $600 a year for hundreds of hours of entertainment. Literally, my PC probably costs me under 20 cents an hour. How do people spend all their money

>>54470800
keep coping. Aside from maybe having kids, what "other obligations" are you talking about? I have 3 "obligations" Going to work, paying my bills and investing in my financial freedom. My apartment is $900/m for what I consider a nice 1BR. I see 2 bedrooms frequently for $1300-1500, 2 people could split that easily whether with a partner or a roommate.

What do you blame being poor on?

>>54470480
Yes it's a /pol/ conspiracy that home ownership is actively being discouraged and you should accept renting forever. /pol/ owns this Australian real estate website.

>>54469445
inb4 this gay article just says some shit that would be better realized via veganism.

>>54469716
wow my parents actually love me, this must feel bad anon

>>54470800
Cope + seethe poorfaggot

>>54470832
>>54470932

No need to reply twice. You sound like an incel who saves all his money

>>54470802
You could just invest in REITs if you want rental income. If you invest aggressively enough you'll achieve financial independence very quickly. Again, much easier to do if you can easily pivot to higher paying jobs in other locations.

To be clear: if you like your house and where you live, then you made a good decision. If you live in a house you hate in an area you hate, and you've done this purely to build home equity, then you chose poorly.

>>54470800
sorry your parents didn't love you enough to help you save for a downpayment

>>54470940
Take your meds

>>54470593
a poor decision on his parents part. he's probably going to steal his mother's underwear and then kill her as repayment

>>54470832
People have children dude

>>54470626
60k aftee tax is 40k. Rent eats up 15k. That leaves 25k of other living expenses

>>54470959

Yes, but not the guy who uses multiple devices to reply to my one post

>>54469669
Even when the mortgage was cheaper than rent I still regret buying instead of dumping the money into Crypto.

>>54469196
this is definitely more brazen than all the "walkable/bikeable cities" propaganda that has been popping up a lot in the past 2 years. its all a scam. they build expensive hot junk that resembles a college campus. enjoy $2500/mo rent for a 600 sq ft pod but theres a pool table in the lobby and a shitty gym. and youll be close to 100 yards of a sidewalk that is called a "trail" and some new faggy "food hall" so that is supposed to be worth it, right? oh and people still will drive everywhere anyway. oops!