/biz/ - Business & Finance

>>55098336
what an ugly fucking jew

>>55098336
>that's someone that doesn't understand economics
and i suppose you are one of those people that do right?

>>55098346
he said his DNA test showed 100% inbred Jew,
I wonder if he was just joking

>>55098360
Correct

>>55098336
>paying mortgage -20% than rent with under 2% fixed rate, making it better as long as inflation keeps on going (money printer wont stop any time soon)
>getting 0% loans for green shit like insulation on 20 years loans, taking advantage of inflation like rich people do
>interests on mortgage reduce taxable income, even more money maintenance and improvement
>half a month of rent of taxes for the whole year
>can actually do modifications as I wish, great DIY hobby if you have a minimum of brain and manual skills
>got to keep my home after my 20 years loan
whats the catch again nigger?

>>55098511
If instead of getting a mortgage you put that money for the downpayment into Bitcoin or NVIDIA, you'd be far richer.

>>55098629
>He has a down payment
Lmao dude. You should have bought during the best decade between 2008 and 2018
I wasn't into any investment thing back then as well

>>55098747
Yeah, I'm sure EIGHT YEAR OLD me

>>55098747
Yeah sure eight year old me could totally but a house

>>55098629
You know if i dont have a down payment but I still have to pay either rent or mortgage to live somewhere, so there was literally choosing the better long term option

>>55098762
>He wasn't rich from lemonade stands
>He didn't ask God to be sent in a great time

>>55098765
Long term best option is just to continue to rent and buying the most profitable companies in the world.

>>55098790
I'm sent in a far better time. I'm living in the A.I boom.

>>55098805
I'm alive too retard and I'm not the one complaining about real estate prices.
Again maybe you can't read, my mortgage + maintenance + taxes is less than a rent. After my mortgage it will be even less. My mortgage monthly payment doesn't increase and is under "normal" inflation of 2%
I'm literally saving money compared to renting and I have more freedom of customizing

>>55098346
i hate that stupid thing he does with his double chins. it fills me with a primal sense of anger. i want to stick a knife into his neck and slice his two chins apart.

>>55098853
Yes you are the one complaining.

I'm the one celebrating the fact that I didn't get suckered into this bubble.

I own stock in Apple, I own stock in Google, my family is buying stock too, they own INDEXES

>>55098924
Where do i complain again?

>>55098336
the average person isn't investing the amount they save by renting into a 401k. the average lifelong renter is a poorfag who would be better served by debtmaxxxing into a house.

it's much better to be a poorfag and have a paid off shitty house in your 60s than to be a poorfag and be rentcucking in your 60s. your jew landlord WILL raise your rent 5% a year while social security "cost of living" adjustments will be sub-inflationary.

>>55098853
> I'm alive too retard
fuck this made me kek hard, idk why

>>55098965
The amount of money that's going into my Roth IRA is going to make me a millionaire in a decade and a half.

>>55098996
okay that's great but it's not applicable to 99% of the population

>>55098336
I bought during peak prices but I did get a private sale and an interest rate of 3.25
>put 20% down

>avoid pmi
>nice white neighborhood
>gentrification happening all around me
>two different luxury apartment buildings being built several blocks away on each side
>1 block away from famous market
>6 blocks away from whole foods
>15 blocks from my gym
>wfh
>duplex so I rent other unit pays for half the mortage
>don't have to worry about moving ever
>don't own a car don't need one, can bike if I want
>famous restaurants decades in business all around me in every direction
>oldest, most famous and delicious bakery 3 blocks away
>people constantly asking if my other unit is vacant
>small backyard with a tree is part of my property
>super quiet neighborhood, can't hear anything the other tenant does even if he blasts music

I did get lucky on location and I never had to compete w/ other offers so yeah. could I have done something with the down payment instead? yeah probably but peace of mind and quality of life is worth it imo.

>>55098511
>>half a month of rent of taxes for the whole year
Where do you live? Africa? Fuck off nigger.
A house goes in the liability column if you live in it, no matter what you say.

>>55098336
Back to work wagie, break time is over...

>>55099201
>A house goes in the liability column.
how are you even alive? It's obvious that you're almost too stupid to breathe. Good fucking grief, is this what you rentoids tell yourselves to stop the incredible urge you must have of just jumping in front of a train?
A mortgage is a liability, the house itself is an asset.

>>55099201
In Belgium nigger. A rather rich western country with one of the best real estate laws and taxes except for maybe luxembourg
Again, I'm saving money on mortgage being less than rent. I'm saving money on all kind of tax incentives and green agenda incentives.
Interest rate is fixed sub 2% for the full duration of 20 years. Total paid will be roughly 175%. If my house doesn't get to 175% in 20 years theres bigger problems than that.
Now all depends on maintenance. My home being good quality and not papier mâché like USA it isn't a problem. I also got 0% loans for energy renovations and 70% of those renovations paid by the taxpayer. So I have a 0% loans for 30% of home improvement (walls + new roof with insulation), costing me like 12k out of roughly 40k. If you can't profit from inflation and green scam shit like rich people do you're the nigger

>>55098765
>but I still have to pay either rent or mortgage to live somewhere
Skill issue lmao

>>55099402
I could live in a shack and eat the cheapest food or even forage for it, but I don't want to. I'd rather pay the premium and live live a king in the comfort of my automatically heated home

>>55098629
>”buy bitcoin instead of a house”

This might be the worst advice given on this website, and that’s saying something.

>>55098924
Your whole family is going to be poor lol

>>55098853
>I'm alive too retard
Kek, I agree with u anon, idk why Rentoids push that agenda.

>>55098336
He's going to have a heart scare and try to lose weight. Then he will look like a skinbag

>>55099286
I would hate to have your life, to be a house owner makes you absolutely white trash. Your life is far worse than debt.

>>55099354
YOU'RE SO FUCKING STUPID. I called the government and they said the loans on these green initiatives are 8%

>>55099539
LOL, we're going to be rich while we pay you scraps to eat our dog shit

>>55099908
lmfao, seethe more wagie. hahahahahaha

>>55099055
>luxury apartment buildings

lmfao this is not a selling point

>>55098336
i love my coworker story on housing. pool pump break -2k this month. pool has a leak...roof issue....plumbing issue....it never end. they pay more in taxes than my rent. it s just hilarious

>>55100284
>rent with under 2% fixed rate, making it better as long as inflation keeps on going (money printer wont stop any time soon)
>>getting 0% loans for green shit like insulation on 20 years loans, taking advantage of inflation like rich people do
>>interests on mortgage reduce taxable income, even more money maintenance and improvement
>>half a month of rent of taxes for the whole year
>>can actually do modifications as I wish, great DIY hobby if you have a minimum of brain and manual skills
>>got to keep my home after my 20 years loan
yes my rentoids moved out and bought home at peak recent rates. Now they are begging for me to return security deposit because their mortgage is coming up and I imagine it is huge. Return keys plz.

>>55102034
buying in 2023. i hope they go under water. that will be a good life lesson.

>>55098336
A house should be a home, not an investment.

>>55102021
>they pay more in taxes than my rent

god bless you

>>55098336
Cool bait thread very nice contribution to our board

>>55098336
god I want to kiss ethan klein on the lips in front of hila so bad

>>55099286
A house is only an asset if it makes your money and your home has never made you a dime.
>but muh zestimate
You're town is one George Floyd (PBUH) away from becoming a no-go zone so this is irrelevant until you actually sell.

>>55102123
2020... try after house value jump

>>55102208
>>55102123

try reading https://pagosadailypost.com/2023/05/10/ready-fire-aim-our-amazing-inflatable-property-taxes/

>>55102172
you're a shit troll

>>55102197
au contraire my friend. This is my 3rd house and I made a 30% profit on each one.

>>55098754
>>55098762
This is some strong bait bro

It's my dream to own a farm and escape the technological world

0 mortgage 0 car payment home owner checking in

>>55098346
I bet his horseface wife cheats on him constantly. She’s pretty weird looking too, but I would give her the good dicking down that impotent leftoid NPC is incapable of giving her.

>>55099055
I also have an 9" dick and my mother's side is royalty.

>>55099825
Jews are fucking allergic to exercise. He'll blame his heart scare on republicans and then keep drinking benadryl until his kike wife finds him dead in bed one morning with his pants filled with shit and pink vomit.

>>55102034
Interest rates will never be under 3% again. Ever.

>>55102208
>renters don't understand that property taxes are capped

>>55104738
You're a terrible troll

>>55098336
i bought a house in 2014 and sold it in 2022. it appreciated in price better than SPY and as a primary residence I didn't have to pay capital gains taxes on the sale. it was unironically a good investment. i sold it the moment it became a terrible investment though. the guy who bought it from me bought it on a high rate mortgage and turned it into a rental, he's getting only fucking 2% yield on the rent. you can get 2.5x that in a money market account and not have to deal with tenants and a depreciating asset during a market downturn. i will eventually buy another house, but only when landlords start begging me for mercy to get them out of their shitty underwater position and rent yields that don't cover mortgage payments.

>>55104832
Cool. Enjoy your 3% interest on a loan for an uninspected piece of shit that was painted white and overpriced by 150%

>>55105505
>gave up his low interest rate to rent

best of luck buying back in

>>55098762
Jfc just pull up by bootstraps
don't eat avocados and most importantly don't work from home

>>55098336
I don’t know man. I made $400,000 selling the first house I bought after living in it for 7 years. Seems like a good investment. I’m up around $500k on my current house. That’s almost a million in profit in under 10 years if I sold now (which I won’t since I have 3 kids). I don’t know what you’re talking about.

>>55099055
> duplex so I rent other unit pays for half the mortage
I wouldn't let som faggot ruin the real estate for half the mortgage
You're better off if you leave out bare walls and then dump it on some buyer
Otherwise pretty good

>>55098336
The alternative is paying almost the same as a mortgage in rent but without building any equity. Basically what I'm saying is you're retarded.

>>55105298
no they aren't.

Literally the only reason people go for housing over stocks anon is because most people can’t get a 30-year loan on a stock portfolio. You’re completely right that business equity returns are better than real estate in many cases, but banks won’t give you 30:1 or 5:1 leverage on a stock portfolio

>>55105818
i bought cash and sold it with 100% equity
>>55106002
this argument only makes sense if you're a wagecuck that needs to spend half your take home pay on housing one way or the other. i'm a millionaire. i pay rent with part of my dividends i get monthly while i watch property values go down.

>>55106039
>tying up cash in real estate when rates were sub-4%

lmao

>>55106039
Sure you are a millionaire you dumb larping faggot.

>>55106092
This is my gambling account

>>55106079
I used to be a poker player and in 2014 no bank was going to give me 4% interest when I didn’t even have a salary or credit history.

>>55098336
God damn I'm antisemitic but that cute jewish gremlin gets me hard (the one in the back)

>>55104827
How was this guy ever popular? Even when his channel was just reacting to YouTubers it was obvious a cynical bitterness was his driving motivation. He knows nothing about anything except being snarky. A fucking high school student could give better takes on the stuff he comments on. I can’t understand it

>>55104832
Without widespread access to credit the whole system starts to crash. Currencies are debt based

>>55106002
That is cope. I live in a city with a major port and it's a central hub in my state. $600 a month renting a fully furnished two bedroom house with internet provided. You are not living in reality. Lie to me and tell me you're paying less. My landlord probably makes $100 a month after paying her mortgage.

>>55106154
had zero issues getting a mortgage on my sports betting income

>>55102085
Why the fuck would anyone need that much lube for anything? Disgusting

>>55106277
>I live in a city with a major port and it's a central hub in my state. $600 a month renting a fully furnished two bedroom house with internet provided.
Bullshit. What city? I'm going to look it up and see what actual listing are available right now. The only way you're paying $600/month for 2 bedrooms in the US is if you're friends with the landlord and/or living in a section 8 shithole. Don't be vague, show me a hub city where I can rent houses for $600.

>>55106299
that's nice but I really don't regret buying in cash and selling in cash. having the money tied up didn't change my lifestyle and i made a 4x in 8 years while getting a ton of utility value out of the place. it was hardly a bad trade.

>>55106344
he's lying

>>55106493
I know he is. You can't even rent a studio for $600 in non-shithole area these days. If there was still a place where you could get a 2 bedroom house for that much, It wouldn't last because I and people like me would instantly move out there and drive prices up to be on par with the rest of the market

>>55106471
>i dont regret dumping my cash into real estate in 2014 instead of bitcoin
>i don't regret not taking the free credit the government was offering

we know, that's why you're homeless

>>55105988
>3 kids
>’profit’
Jesus Christ the Jews really got you, you are unquestionably NEVER gonna make it

>>55106534
i did have a bunch of BTC in 2014. i regret selling it when sealswithclubs got shut down and i couldn't play poker with it anymore. but what are you going to do? onto the next trade. literally everyone alive regrets not buying more BTC in 2014. any investment you have that outperforms SPY over a multiyear period that you take profits on is a good investment.

>>55106344
Oof. Cope harder retard. You are so clueless. The fact you think this is a larp put a wide grin on my face. Keep paying your landlord (the bank) on your overpriced doghouse.

>>55099354
Sounds like you played the game well. Others do not.

> 30 year mortgage, barely affordable, can't miss a single pay check, no investments

>>55106608
Building a family is making it you infantile, childless man-child. Lmao.

>>55098924
>stocks
BWHAHAHAH fucking ponzi

>>55098336
this jew owns multiple properties

>>55106534
What a stupid mindset. "Your investment is shit because you could've made a more optimal investment in retrospect." Gee wow really, why didn't you buy Apple stock in 2002? Why didn't you buy Bitcoin in 2009? Why did you invest money in literally anything except the single highest performing investment you could've made at any given time (That are you are now aware of because it has actually made that performance, and you're looking back on it from the future.)

Are you aware that, at this very second, there are investments out there that are going to outperform whatever you own over the next 10 years? Why don't you invest in those instead mister foresight? (Or is it mister foreSKIN? Kike!)

>>55099526
I'm able to buy a house with cash outright because I bought Bitcoin a decade ago. Everyone I know who bought a house is still paying for it. Your perspective lacks nuance, and both you and I don't know what Bitcoin or Fed funding rates will do in the future.

>>55098511
I hope they start bussing in niggers to your neighborhood. A nice big section 8 housing block full of the blackest retards America can muster. So sick of hearing about all of this retarded Jewish finance bullshit. It has to end

Bro just keep up with monthly payments for literally 30 years brroooooo it’s a great investment you can’t lose

>>55106002
You’re building equity until your terrorist government turns your neighborhood into a ghetto.

>signing a contract for 30 years
>not just traveling anywhere you want to in the world on a moments notice

Can someone please explain why people are still “buying” homes/mortgages. I speak 3 languages and can literally move to any country I want whenever I want.

Why do I need to buy some bumfuck flyover home for 30 years

Is it a good idea to take the 15k I've saved up for a house and buy a pickup truck with a towed camper trailer and just live in a Walmart parking lot?