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/biz/ - Business & Finance


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55088004 No.55088004 [Reply] [Original]

Why are you so obsessed with buying a house? Just use your passive income to rent anywhere in the world responsibility free

Why drop such a massive amount of cash in a complete money sink?

>> No.55089515

brownoids like you wouldn't get it

>> No.55089970

>>55089515
Enjoy termites literally eating your investment.

>> No.55089980

>>55089970
amerimutts like you wouldn't get it

>> No.55090003

>>55088004
Some of us like gardening and landscaping anon. I couldn’t have all my plant friends in an apartment

>> No.55090062

>>55088004
>thinks never owning land or property is a good thing
zoomers are so dumb

>> No.55090743
File: 316 KB, 1106x790, 2022-2023.png [View same] [iqdb] [saucenao] [google]
55090743

>>55088004
>complete money sink

Every year I have owned my house (bought in 2013), the equity gained outpaced the payments made towards the mortgage.

I refinanced into a 15 year in 2021. Now I'm fixed at 2.25% and my payment is a fraction of what it would be to rent the place.

We're at 6.5% interest and home prices east of the Rockies are still going up, with the exception of "diverse" metro areas.

>> No.55090761

Because houses have like 5xed in 20 years

>> No.55090892

Boomers brainwashed most amerilards that owning a home is the most important thing ever. Meanwhile I’m enjoying myself moving to a different city each year. In October I’m off to Scottsdale. 2025 depends on who the next president is. If the Dems win I might try Dubai. Who the fuck knows. Enjoy your life as it pays for itself with crypto

>> No.55091242
File: 137 KB, 1212x844, rent vs buy.png [View same] [iqdb] [saucenao] [google]
55091242

>>55088004
because banks have convinced everyone that you must borrow their money to live the american dream. notice the programmed emotional reaction you get when you suggest the possibility that buying a home might not be the optimal financial decision.

>> No.55091262

>>55090743
Why have a key for green if nowhere is green?

>> No.55091277

>>55091242
They haven’t convinced everyone. They have rigged the market so that you do have to borrow their money for it. You basically cannot own a home without going through a bank to do it.

>> No.55091456

>>55088004
I have a couple houses and my passive income is $700/ week. Where should i live?

>> No.55091493

>>55088004
As someone who bought a house I wish I used my 100k this way.

>> No.55092707
File: 38 KB, 651x513, 1604715204788.jpg [View same] [iqdb] [saucenao] [google]
55092707

If you have the money for maintenance and property taxes (=jewish theft) then owning a house is comfy as fuck.

If you can't afford a random $15k expensive because your AC just broke down and needs to be replaced, then yeah just rent because it's lower risk.

>> No.55092824

>>55091262
They used the same key for 2022-23 and 2019-23. 2019-23 had 50%+ gains

https://www.washingtonpost.com/business/interactive/2023/housing-market-price-trends/

>> No.55092848
File: 52 KB, 725x626, IMG_6199.jpg [View same] [iqdb] [saucenao] [google]
55092848

>>55088004
for a few reasons. i’m a career musician and want to:
>practice at night (or at all)
>hold band rehearsals
>host house concerts and parties
>set up a comfy DIY home studio
and unrelated:
>make homemade beer and other fermented shit
>BBQ i disturbed in my backyard
>have a garden with fresh produce
>have a pool

>> No.55092849

my total passive income has been reduced to $50 a week

>> No.55092875

>>55091242
More reasons to rent: https://www.bitchute.com/video/OSY36mObWUWY/

>> No.55092941
File: 39 KB, 824x336, usda.png [View same] [iqdb] [saucenao] [google]
55092941

>>55091242
>you either buy a place or you invest

The government lets you buy a home with no down payment.

And they subsidize your interest rate, which is what makes this calculation hilarious, but that's renters for you.