/biz/ - Business & Finance

>>55818010
Sorry anon, it's the nesting instincts. The zestimate Stacy is a meme for a reason.

>>55818010
show her the warren buffet quote of what he told his wife about renting

>>55818040
I have, that was my number one argument lol

>>55818010
https://www.longtermtrends.net/home-price-median-annual-income-ratio/
Have you shown her the home price to income ratio? Have you explained liabilities and assets, and why a home is just a massive liability for most people?

>>55818105
Yes, but she's like "but anon, we need to own a house so it's our home!!!!"

>>55818105
Yeah, I've honestly given up on convincing some of my friends that it's a bad idea. People get real emotional about this one.

>>55818010
But she’s right.

>>55818121
She's not. She doesn't understand finance.

>>55818040
Buffett was talking about how he deployed capital. OP isn’t buying a house with cash, lol.

>>55818126
You don’t understand finance. Renting is voluntary slavery.

>>55818117
Oops replied to wrong post. Meant to reply to >>55818109

>>55818135
Home ownership, aka going loads into debt to buy a house, is voluntary slavery. You know jack shit about economics

Also.

>voluntary

And it's not even voluntary, you need to come from a very rich family to buy a house anyway, 99% aren't born to rich families so they rent. The only reason we even have the option to buy is we both descend from oligarchs.

>>55818127
If Buffett really thought renting was better than buying, he wouldn’t own his home.

He does own his home. Therefore we know he thinks it’s a good use of money. QED

>>55818158
No, it's because his wife made him buy it because she's a boomer and he's a simp for his wife.

>>55818152
If you’re too poor to buy a house, why even ask if it’s a good idea?

>housing FOMO
>FOMO into housing
>the only way to make money is housing
>you will be priced out of housing forever
>houses are the only things that matter in the economy
Oof you insufferable faggaloons can't stop shilling this dumb fake message can you?

Houses are dumping in nearly every state other than Ohio. There is no fomo left. Stop trying to trick anons into buying homes at the top

>>55818173
We're a very wealthy couple, we will be able to buy a house in 5 years assuming our income stays the same.

But again, both can be true

>buying a house is a shitty investment compared to alternatives (stocks)

AND

>You need to come from a very wealthy family to get a house

Most people CANT buy a house and they SHOULDN'T even if they could

>>55818185
If you need to wait 5 years to buy a house, you aren’t “very wealthy”

2030
You vill ovn nothing and you vill be happy

>>55818203
This. If you need to wait that long you aren’t even upper middle class.

>>55818010
Imagine unironically thinking real estate is shitty, get a load of this retard.

>>55818203
Bank says we need 650k for a down payment.

My parents gave us 200k and her parents gave her 200k.

We earn over 100k a year and net 50k in savings every year.

>>55818207
In the past people owned nothing, you couldn't even buy stocks unless you were rich and had a broker.

2023 allows you to actually own things, you can buy stocks now.

Mortgages are obsolete.

>>55818228
Lol, ok - you really are just larping middle class. Nevermind, go ahead with your lifetime of poor financial decisions. I bet using that money to buy XRP and GME instead will work out real well for you, kek.

>>55818217
If you think real estate in 2023 is anything other than a Bubble you're dumb white trash.

OP is some kind of Blackrock shill.
>don’t buy real estate, rent forever! It’s much better for you!

>>55818238
>Lol, ok - you really are just larping middle class.

50% of Americans can't afford a $1,000 emergency payment. My parents gave us 200k in CASH. We are objectively extremely rich.

Can i just say THANK FUCK you will never be able to buy a house, if you were allowed to buy a house then idiots like you would wreck our economy lol. Your poor financial decisions reflect poorly on the country.

>>55818117
>People get real emotional about this one.
Losers in high-school need to flex on their small town loser buddies.
It's why I don't talk to townies.

I dont understand
>rent for a 3 bedroom apartment is 3k+
>mortgage + property tax + HOA on my 3 bedroom condo is 2k
How is this a bad "investment"? I'm paying 1k less a month to build equity. Yes I'm in debt but I've built 150k+ in equity over some years instead of no equity and still paying more.

>>55818135
>slavery
Shut the fuck up idiot.
No it is not.

>>55818261
>Go into debt! Buy a house, being in debt is so fun!!!!

>>55818262
I make 300k a year and I’m barely middle class, if that. 200k cash is baby’s first savings account.

>yeah, but there’s a bunch of immigrants and poor genetic stock that live paycheck to paycheck
That doesn’t make you wealthy.

>>55818269
My rent is 1k

Mortgage payments on the cheapest property we can find are 4.5k a month.

>>55818010
Perhaps you can redirect efforts towards building an off-grid, back-up place.
And not just one that has supplies in case of a kind of emergency (natural disaster, major unrest, missiles, war, etc.)
But make it a project of growing various fruits and vegetables.

>>55818285
I make about 1/6th of that and im filthy rich.

Just having a positive net income makes you filthy rich.

In America, the only people who are making 300k a year are literal pedophile goblins. The grossest and creepiest people on the planet.

>>55818299
>more sour grapes
Maybe use some of that 200k on therapy to work through your anger issues.

>>55818310
If you earn 300k a year and don't consider yourself disgustingly rich you unironically have a mental illness and need to be treated.

Literally a hoarder.

>>55818010
It's not a bad idea to buy one; it's a bad idea to buy one at the present time.

>>55818320
That's what I mean.

If I lived in America 2009 I think it would be a good investment.

>>55818320
This is probably true, but you’d have to run the numbers. Set up an excel to calculate change in net worth over time renting vs mortgage (include time value of money, inflation, possibility of refinancing for lower rate, projected appreciation, maintenance expenses, etc.).

>>55818333
This may not work because she's a woman, but get on FRED and show her MSPUS and Case Shiller. Point out that top buyers in 2006 didn't nominally recover until 2017. Point out that due to inflation, they may not have recovered in real terms.

https://fred.stlouisfed.org/series/MSPUS

>>55818010

just rent a house and tell her you bought it

>>55818030
What is a zestimate stacy

>>55818228
>My parents gave us 200k and her parents gave her 200k.
So you're not wealthy, your parents are.

>>55818333
We’re headed out to dinner, so a parting thought. In the small chance you aren’t shit posting, find a local community college. Sign up for a class or two that teaches you how to really use excel. Stats, accounting, finance, whatever - just make sure it really shows you how to run models and use all the heavy features that excel can do. You have access to computers that can simulate this for you 1,000 times in a matter of minutes, and you can program it in the time it takes you to drink a cup of coffee. Then you’ll have actual data. Versus coming to a crypto scam message forum to confirm your bias. Best of luck anon.

>>55818228
>We earn over 100k a year and net 50k in savings every year.
>We earn 100k.
Lmao, you're poor.

>>55818378
I have a degree in finance dingus, but i think you're trolling

>>55818262
>Can i just say THANK FUCK you will never be able to buy a house, if you were allowed to buy a house then idiots like you would wreck our economy lol. Your poor financial decisions reflect poorly on the country.
Get raped by a pack of niggers..
Fucking white trash.

>>55818383
We're filthy rich lol

>>55818388
>calls people "nigger"

You're trailer trash

>>55818287
One of us lives in a fucked up area. I agree rent should be cheaper than owning but for some reason owning is much cheaper in my area I guess only the down payment holds people back. If I could rent an apartment for my family for 1k I'd definitely do that over owning.

>>55818285
Sure you do faggot. Holy fuck you larping faggots should be killed every time you post your retarded garbage. The only „job“ subhumans like you have ever held was stocking shelves at Walmart. Now get a rope and hang yourself

>>55818010

Housing market will never crash anon. Your wife is smart.

>>55818877
Even if it doesn't, it's still a terrible investment.

>>55818287
>My rent is 1k
>Mortgage 4.5k a month
Jesus Christ, why would you ever buy?

>>55818956
That's my point

Women want stability. I own multiple homes but I would never buy a wife because I want them to seethe at my 500% stability which I will never extend to any woman

>>55818109
Tell her “if we pay property taxes on it we’re just leasing it”. You won’t be lying.

>>55818010
you should let her go.
shes too smart for your white trash ass.
you are born to stay poor.

>>55818396
What do you call them?

>>55819029
If you have any desire to own a house you are unironically white trash.

You will always be poor because you will consistently make terrible financial decisions. This is why I am rich and you are a poor loser

>>55819116
Warren buffet owns a home.

>>55819850
And as he explains, it's because his wife made him. He did it to shut her up, not because it's a good decision. Buffet also had "fuck you money" and spending $31k on a home when he was nearly a millionaire at 28 was not a big expense.

>>55819900
What’s your source for Buffett saying his wife made him?

>>55819906
>"It's well-known that Warren Buffett's wife, Susan Buffett (formerly Susan Thompson), played a significant role in encouraging him to buy their family home in Omaha, Nebraska. In various interviews and writings, Warren Buffett has mentioned how Susan was interested in having a stable family home and encouraged him to purchase their house in 1958"

>"Warren Buffett's reluctance to spend money on luxury items, even though he was financially successful, is a well-documented aspect of his frugal lifestyle. However, his wife Susan had different perspectives on certain matters, and she saw the importance of having a comfortable and stable family home."

>"While Warren Buffett initially hesitated to buy the house, he ultimately agreed with his wife's viewpoint and purchased the house for $31,500. This decision is often cited as an example of his respect for his wife's opinions and his commitment to his family."

https://www.fool.com/the-ascent/mortgages/articles/heres-when-warren-buffett-thinks-youre-ready-to-buy-a-home/

>>55820046
You lying queer - that text doesn’t appear at the link.

>>55820061
Where did i get the text from then?

>>55818010
>locking in your rent for 30 years is a bad idea
Looks like you’re the one wearing the dumb pants

>>55820081
>Just borrow hundreds of thousands of dollars on a volatile asset bro, nothing can go wrong!

You're incredibly stupid.

>>55818010
>Kek he allows his wife to think
ngmi

You people unironically worship money.
Money is your god.

>>55820076
I would posit that you are better situated to answer that particular question.

>>55820134
Yes, because you need money if you want to have a good life.

I don't want my children to grow up weak and unhealthy because we couldn't afford them good food.

I don't want them to have to go into deep debt for education

I don't want them to be mocked at school for having poor parents

So the blackrock shill is ESL.

>>55820139
You can have a great life with a SAHW and kids provided you're willing to make the necessary adjustments for your income bracket. You don't need a lot of money to do so.
The problem is you're chasing material goods when spending time with your family is far more important.
I've never heard a dude say on his death bed that he wished he had more money. They all lament not spending enough time with their families.
Get money, by all means, to provide for your family. But don't lose sight of what's most important.

>>55820214
>never met anyone that regretted no earning more on their deathbed
I volunteered at a retirement home through college, and I can tell you this was a very common regret.

>>55820214
Your family will hate you if you can't provide for them and they go hungry

>>55818010

Divorced anon. about to start a 2nd marriage.

Don't fight with your wife. Just follow the chaos path down to crazy town right along with her. I know it doesn't make sense, but you can be right or you can be happy. Just go along with their nonsense and get your dick sucked. Women don't respond to logic or leadership. Just let her do what she does and you focus on making yourself happy too.

>>55820253
And they will hate you for spending all your time chasing cash.

>>55820268
No they won't, because they'll have food on the table.

Plus you don't need to spend that much time, just 40 hours a week working.

>>55818010
theres a big difference between buying a 300k house with 300k cash, and buying a 300k house with 30k cash.
the latter been the better choice even over renting, unless you're already filthy rich.
if we are ever lucky enough to get interest rates below 4% then it's absolutely better over renting

>>55820311
And this is the argument, leverage.

Leverage can be simulated with option contracts so you don't need mortgage.

>>55820319
>>55820311
Don’t bother engaging. OP is acting in bad faith. Read the thread.

>>55820087
Anyone who treats their house as an asset instead of shelter and who thinks paying someone else's mortgage at an average of 3% increases each year is better than having your own mortgage is beyond stupid

>>55820471
The average annual increase in rent in the US from 2017-2022 was 5.77%.
https://www.creditkarma.com/insights/i/average-rent-increase

>>55820534
Having a mortgage is one of the best ways to hedge against inflation. It locks your monthly housing payment.

>>55820471
>>55820534
Holy shit you're incredibly fucking stupid.

When you buy a house, you are sacrificing hundreds of thousands of dollars of capital that could have been used to MAKE YOU MONEY and GENERATE CASH via buying stocks. You sacrifice MILLIONS in future earnings when you do that.

You're beyond dumb.

>>55818299
You can make 300k as a doctor, lawyer, business owner.. my uncle owned a furniture store and make 50k a month (600k a YEAR) in fucking 2005 and he was only a co owner with another guy. If you want to make it as a wagie you need to be a really advanced wagie like a doctor or a high iq negotiator and debater (lawyer/business owner)

>>55820819
$1000/mo rent over 30 years with 5% annual rent increase
>by year 30 you are paying $4116 /mo
>over all 30 years you're paying a total of almost $800,000 in rent.

>$1000/mo mortgage payment, means you are still paying a $1000/mo mortgage by year 30.
>over all 30 years you pay a total of $360,000 in mortgage payments AND you own property, which has appreciated over the last 30 years.

kys kike

Chinese housing FOMO shill thread.
Keep moving, nothing to see here

>>55820911
I already made it as a wagie

>300k

That's not making it, that's filfthy fucking rich. I would never be able to live with myself on that.

>>55820913
>Don't buy $1,000,000 house
>Put $1,000,000 into stocks that will go up 20% a year
>Become multi-millionaire like Buffet, and then maybe billionaire

Or

>Spend your whole life paying off mortgage
>By the time it's paid off, your friend who's renting is 10x richer than you because he bought stocks.

>>55818182

lol lmfao. Housing market will never crash again anon. Just buy.

>>55818010
lol good luck with this one but if your girl doesn't trust you to decide how to spend money (on a house in this market?) then don't get down bad just assert where your line is (I'm not buying a house at the highest price/income ration in the history of the fucking planet).

>>55818010

It's not stupid for her, she wants it as insurance in case you two divorce

>>55821281
She already has access to 50% of my stocks.

>>55818010
It's pretty smart actually if your patient it can be very lucrative. I think your renting out right now so here's what a lot of people do in America to become financially independent and not work. First you gotta work to make money then buy a decent house using either an FHA loan 3.5% down (but I'd advice against this becouse intreast rates are gay rn and you'd have to wait a year before renting the thing out) or getting an investment loan which is 15% down payment. But a 150k- 200k decent liveable house and rent it out for like 1.2k-1.5k and continue to live in your rented house and work on paying it off. Then once it's paid typically 3-5 years you buy another one now at this point you can buy a better house that's like 250k-300k in a good part of town and rent it out for $2000 or more if you'd like preferably. Then you just rinse and repeat 3-5 years later that home is paid off within 6-10 years you have 2 homes. Then after that I recommend only getting new homes because there most likely going to have less issues for like 250k-300k your 3rd one should take much faster to pay off and eventually you'll have 5 homes which is where a noble American usually stops buys his own house to live on and lives off that 8k-10k a month. Others with ambition keep going which is why housing prices are skyrocketing and big financial institutions like blackrock are doing it to. Since the crash in 2008 this has become the most reliable method to make money.

>>55821097
Or you can buy a house continue paying rent then rent out that house work on paying it off the keep buying more. Look it up 90% of Americans who become rich is from this method.

>>55821097
>Put $1,000,000 into stocks that will go up 20% a year
>20%

>>55821097
Retardkun, the argument isn't buying a house cash vs putting 1,000,000 into the market, it's mortgaging your house vs renting it.

>>55818394
No. You are poor. Dirt floor poor

Buying a house is stupid.
Buying a car is stupid.
Spending money on meat is stupid.

>>55821097
>20%/year
My friend you have a severe gambling problem.

The only reason real estate is “always a sure bet” is because it’s the highest leverage available to most people. Nobody’s giving your ass a $600,000 30 year loan to buy SPY. Which would be better yes.

This is of course very antithetical to the rallying cry of neoliberals who assert you’re not a scientist because muh specialization and growth and you need to stay in your lane. Of course when you buy a home this is a great free market decision and there is no possible specialization that could occur in purchasing real estate, everyone is a god gifted savant at purchasing real estate which is why long term loans are handed out like candy.

>>55821401
Tesla, Bitches.

>>55821619
>t.chinkoid chat bot
No chang, gweilo won't buy your bag at your listing price. Time to dump and realize that loss for the ccp

Tell her it's way to fucking expensive right now retardbht really having a house is the BEST investment because you ALWAYS will have a place to rest your head.

>>55818010
Buying a house is a bad idea FOR YOU. You buying a house would be good for her. The way to convince her is to make it clear that she's not getting a house out of you but you're still the best she's going to get.

>>55821674
There are millions of people in the US that rest their head in a tent on the street
So chang, time to dump and realize that loss, the ccp needs those dollars to prevent the yuan from hyperinflating

>>55821088
Man all your posts are so bad if not bait. Go back and ask your fellow redditors. This is /biz/, if you're not literally a millionaire you are subhuman. Can't believe you think you're rich when you're 5 years of wageing away from a bank even letting you sign up for slavery. You think your parents are oligarchs because they can give you a one time gift of 200k and not a new mansion every year on your birthday. How did you develop these delusions? You are cattle. You probably should just buy a house and live the normie life.

>>55821870
>t. Chang trying to shame a westerner into buying his bag
Chang, your cultural tropes don't work in the west. Time to dump at a loss. Ccp needs dollars

>>55818010
You haven't told us what you're doing instead of buying so can't really judge her decision.

>>55818010
listen, if your household income is under 200k/year. housing is literally the best investment you will ever make in your life. although the rates are retarded high atm. If you can wait like 2 years and see if rates come down before you pull the trigger

>>55818040
He bought a $31k house in fucking 1958, when an average house would have been around $10k tops. Of course renting and putting the extra money into stocks would have been a better option then

Owning a house allows you to cut costs in so many areas compared to renting that if you can get a mortgage you can afford, in an area you like, it's a no brainer really.
Problem is today that so many places are just absolute shitholes now it's difficult to pick somewhere you actually want to live long term

>>55818185
>We're a very wealthy couple, we will be able to buy a house in 5 years assuming our income stays the same

Buying a house is a nobrainer in this case why are you even sperging?

>>55822952
>t.Chang holding heavy concrete bags

>>55818243
When is it going to pop? Should I sell my house now and start renting and annoying the neighbors with my baby crying and buy back in after the housing market collapse?

>>55823155
I'm still living at home lad

>>55823238
>t. Chang desperately trying to shame western people into buying his concrete bags with third world shithole advertising methods
Time to dump at a loss chang

>>55823259
All I'm saying is that owning a house allows you to actually fix the fucking thing, and install stuff like solar panels, wood stoves and insulation, which are impossible to do as a rentoid

>>55818243

How is real estate in a bubble when

1. residential real estate inventory is low
2. MBS's are purchased and supported by the FED
3. interest rates will gravitate back down this further increasing demand

I'm selling my apartment right now to buy BTC once it dips.

Partially, motivation is profit. Partially, the realization that Bitcoin is the only real private property, so I don't feel that comfy anymore when I think about owning my own place.

Not US.

>>55823286
>Buy my bag gweilo
>Please soooooo cheap
>Look gweilo if you don't give the ccp dollar you are poor
Lol. Get fucked Chang time to dump at a loss

>>55823363
Sounds like the changs live rent free in your head, delusional muttoid. I am a yuropoor btw

>>55823375
They need dollar, they want gweilo to buy their bags, only that gweilo knows what the yellow pest plans, and knows that the ccp had no other options than to dump into a depressed bid.
I buy changs concrete bag for $1

>>55818295
This. Don't buy a house, buy land. And if you can, buy abroad. Forget about the US, it's fucked.

>>55821473
Ok.... so go balls deep into debt on a speculative asset.

Literally retarded

>>55821518
I'm one of the wealthiest young people in the world.

>>55818010
beat her to death with a hammer

>>55823336

its not a bubble. OP just being dramatic.

>>55821604
If you buy a house using debt you have a severe gambling problem

>>55821619
>600k loan

Bruv, 600k is the DOWN PAYMENT.

>>55821870
>This is /biz/, if you're not literally a millionaire you are subhuman

You're a troll, no one here is a millionaire.

>Can't believe you think you're rich when you're 5 years of wageing away from a bank even letting you sign up for slavery.

Yeah, being 5 years away from being the most aristocratic person in existence is totally slavery, sure.

If you qualify for a mortgage in 2023, you are at the top of aristocracy.

> they can give you a one time gift of 200k and not a new mansion every year on your birthday. How did you develop these delusions?

You're mentally ill or trolling. No one is getting a mansion on their birthday.

>You are cattle. You probably should just buy a house and live the normie life.

You are cattle, i am aristocratic. The very fact i can get a house is proof I am. Normies would slash their nuts off to be me.

>>55822868
If your household income is under 200k a year then you are actually barred from buying a house without a major gift from your parents.

>>55822952
No it doesn't, because buying a house is the biggest opportunity cost in existence.

>>55822980
Because it's a terrible economic decision.

>>55823205
I don't know when it will collapse, i don't plan to predict anything. All I know is yields on real estate currently suck

>>55824155
Sure. And your daddy works at McDonald's

>>55824171
>>55823336
The yield on real estate is 1.5%

>>55824250
Sure buddy

>>55823346
what if it doesn't dip? What entry points are you planning?

>>55824396
If it doesn't dip I'll just have my cash.

Around 20k

>>55824450
You would be very lonely with putting your capital at a bid price like this. The only others are stop losses and take profits of leverage gamblers, no real liquidity in crypto; neither in real estate, stocks, futures, etfs and derivatives.

>>55818228
>650k for a down payment
This entire thread is bullshit

>>55826276
Really doubt filling a buy order is going to be issue in BTCUSD. Worst case I'll swap on uniswap.

>>55826299
banks are not stupid, they expect by now around 50% down payments. In shitholes like commiefornia that means 500K+ own capital necessary to even get a mortgage

>>55826337
Why would you buy in California, matter of fact why would you ever even live there

>>55826330
>uniswap
shit are you stupid. Fuck, who shit in your brain.
>swapping
lmfao

>>55826345
What the fuck are you talking about

>>55826342
>just move goy
>chang has real estate to sell everywhere
the desperation of concrete baggies
keep paying those property taxes, I take your risk asset for a symbolic dollar, to demolish it

>>55826351
forget it, somebody amputated your brain
swapping.... Are you even aware what liquidity and a bid is?

>>55826361
>bid
>on an AMM
anon, I...

>>55826371
>an (((automated market maker)))
yes, brain amputation successfully conducted. Congrats

>>55826386
>no argument
>da joos
Okay retard

>>55826342
Because you need to live where you work, dumbfuck.

You're 100% a troll. No one can afford $500k houses in bumfuck no where because there's no jobs there.

>>55826397
yeah, brain amputated, thank god the amount of retards in "defi" is constantly declining with one pyramid scheme after the other collapsing naturally

>>55826485
>defi in quotation marks
old man yells at the cloud

>>55826517
the numbers speak for themselves. just declining capital being thrown back and forth between pyramid schemes with the faggots still in scooping off the top

>>55818285
You're a complete fucking imbecile.

>>55826475
Find a job somewhere else. There's literally people shitting in the streets. If you can't find another job in a cheaper state maybe reconsider your job skills.

>>55826584
>bro just go somewhere where the labor market is even more depressed
>with even a faster demographic decline
>property soooooooooooooo cheap
lol

>>55826635
Enjoy your street shitters. I'm sure they won't burn down your nonexistent house

>>55826649
street shitter can be recruited with food to challenge the state monopoly on violence. A deserted territory is just dead

>>55818126
Here is the issue OP and the other anons. You don’t make enough money. The way you frame buying a house tells us this is probably one of the biggest purchases of your life. Nothing wrong with that and it is for most people. You are a buying a house for your family. Your kids are going to grow up there and you are quoting Warren Buffet. You are stressing about a few bucks and as a result your wife is going to leave you for a guy who has 5 homes and the little details that stress you out are nothing to him. HE will be able to provide a home to your wife, even if it’s a “bad investment”. Just buy assets. I don’t even let the price phase me. Most people are accumulating debt, if I can just get more assets on my balance sheet it’s a win. Think of how much mental energy you’ve wasted on this. Get a house and a higher income so that you can get another one as well.

>>55826759
>woman divorces his ass
Kek you changs. so desperate

>>55826796
He’s already married you idiot. Whether he buys the house or not any asset he gets is half hers. If you’re going to post stay on topic monkey.

>>55826814
>buys house
>year later divorce papers
KEK desperate desperate changs. The risk at the current costs doesnt justify buying real estate, the least if married

>>55826836
The cost of knowing you’ll never be able to afford living in any of my neighborhoods is overwhelming worth it. Guarantee my dog is worth more than your car.

>>55826917
why the fuck should I waste capital on a depreciating consume good like a car, if I can borrow one?

>>55824222
>bruv
Oh now I get it. You're just an inbred bong

>>55826584
It's hard enough to find a job in Cali or NY, it's nearly impossible anywhere else.

>consider your job skills

Well I already am Ivy League maxxed, CFA maxxed, i don't know what else to do.

>>55818030
Stazee? That little hoa been on my mind.

>>55826759
>Here is the issue OP and the other anons. You don’t make enough money.

We are an insanely wealthy couple

>You are stressing about a few bucks and as a result your wife is going to leave you for a guy who has 5 homes

There's probably one person in my country that has that much money

>. HE will be able to provide a home to your wife, even if it’s a “bad investment”. Just buy assets. I don’t even let the price phase me. Most people are accumulating debt, if I can just get more assets on my balance sheet it’s a win. Think of how much mental energy you’ve wasted on this. Get a house and a higher income so that you can get another one as w

I already have the highest possible income. There's nothing i can do, it's maxxed out for someone with my privilege-level.

>>55827057
Do you see the contradiction?

>we are an insanely wealthy couple

But buying a house is a big deal to you. Let’s take your Buffet example further. Instead of buying a home, if he would have rented he could have out more in the stock market right? Well, instead of renting he could have lived behind McDonald’s and put even more in the stock market. Further, to be even more in the stock market, Buffet could have participated in prostitution to eke out even more to put into the stock market. Do you see how absurd your rationale is? Especially if you and your wife are extremely wealthy. Just get a house man and start having kids. This almost has to be trolling.

>>55827139
>But buying a house is a big deal to you. Let’s take your Buffet example further. Instead of buying a home, if he would have rented he could have out more in the stock market right? Well, instead of renting he could have lived behind McDonald’s and put even more in the stock market. Further, to be even more in the stock market, Buffet could have participated in prostitution to eke out even more to put into the stock market. Do you see how absurd your rationale is? Especially if you and your wife are extremely wealthy. Just get a house man and start having kids. This almost has to be trolling.

You do realize how expensive housing is right?

Even super wealthy people are being denied mortgages. She's a medical doctor and I work in finance, we're the epitome of the power-couple... banks still won't give us money for a house because we need to save for a 600k down payment. Our parents are giving us 400k collectively but we still need to save 400k in CASH for a down payment.

I'm sure you know this and you're trolling but whatever.

>>55827040
Have you considered Montana, Idaho or Colorado?

>>55827184
I've applied to jobs everywhere due, there's nothing.

>>55826337
If you're buying a 1.3m house in California on a 100k income you're fucking finished lmao

>>55827196
I understand very well, and you fuckwits live in plywood houses for 1.3M. it is an unbelievable retarded risk

>>55827166
Assuming you're in the US, I can only believe these numbers are real if you live in FL, NY, or CA, maybe even WA. Otherwise you and your wife are looking at houses that are actually way too expensive, and you should buy cheaper.

If you post again saying otherwise then this whole thread truly is bullshit.

>>55827204
We live in Canada

>maybe even WA. Otherwise you and your wife are looking at houses that are actually way too expensive, and you should buy cheaper.

The cheapest house is 900k, and for that, we'd need AT LEAST a 500k down payment, and that's if we don't get outbid.

The likely cheapest house you can actually buy is 1.1 million, and for that they demand a 620k down payment at current interest rates and with a combined income of 110k.

>>55818010
Tell her she has to do the yard work and maintenance work. Also pay all the taxes and insurance and hoa if any. And also all the cleaning and weekly chores like vacuum and dusting and sweeping. She’ll start crying and give up. Mortgages and deposit are the easy part.

>>55827216
>Tell her she has to do the yard work and maintenance work. Also pay all the taxes and insurance and hoa if any. And also all the cleaning and weekly chores like vacuum and dusting and sweeping. She’ll start cry

That's easy though and women love doing it, she compulsively cleans and looks for excuses to do that anyway.

>Mortgages and deposit are the easy part.

THat's literally the impossible part, even the wealthiest people can't save up for it anymore.

>>55827212
Guess you have to move to Bangladesh.

>>55827221
Then you aren’t wealthy. Also just give up. Giving up sounds like your style.

>>55818010
Explain, most houses are built out of shit. Unless it's custom rock work etc. Built for half what you pay for it. Your property values drops due to things you have no control over. Maintenance costs, repairs, lawn care, insurance. The utility bills you HAVE to pay. Property tax.

Inflation. Best case scenario you break even, sure the price rose $200000 over 25 years. But it's mostly inflation. That's before you pay 10% to the realtor when you sell it, after doing all the work to fix er up before you put it on the market.

You don't get enough to buy a bigger house when you sell, also inflation.

It's a fucking scam.

Ask anybody that you know who has sold their house. Ask where is all this profit money? Break it down with them like I did here and watch there face. It's pure gold.

People get really mad when you break things down, they should shut the fuxj up and stop larping like their smarter then everybody, they aren't.

>>55827212
Ok ok, now your prices actually make sense. Should have led with that honestly.
In fact all of your posts now make sense. I know some people in Canada, and the only reason they even have a house is because they inherited.

Given the current state of your housing market, it would only make sense for you to buy if your mortgage would be chaper than renting. Otherwise stack cash/stonks.

>>55827247
>monetary base inflation
ftsfy
I know, boomers, zoomers normal faggots have big issues understanding the difference between monetary base inflation and inflation resulting from demand/offer, but the difference is extremely important

>>55819900
Literal scrooge mcduck
>be millionaire
>don't want to spend 3% on a house to live in so you can be comfy with your wife.

>>55827247
Oh I forgot to mention the fucki g interest you pay on the mortgage 25 years, 30? Will you have to remortgage?

>>55827265
>please gweilo buy bags
>come on, you don't wont to be greedy
>its your reputation gweilo
>now buy bag
lol changs

>>55827260
Idk what you mean, I don't need to because I ain't ever falling for that shit. Lol

>>55827273
refute it, you can't.
he's the living embodiment of number go up
he makes scrooge look like a philantropist

>>55827266
>he doesn’t get 15 year fixed
>he doesn’t/can’t pay extra each month
>he didn’t pay it off in 6 years

Good goyim, those that bless israel are blessed.

>>55827277
monetary base inflation results in asset price going up because of more currency available, the typical communist inflation. Inflation resulting from offer, if currency remains stable but offer reduces, inflation resulting from demand, more people demanding good while currency and offer remains stable. Of course everything can be combined, but... you are going to experience it or be able to observe it soon enough

>>55827300
Sounds like a shitshow.

What do you know about the commercial properties thing?

>>55827313
demand for commercial real estate loans is in the shitter and banks don't like to give them out anymore because they know that they are worthless collateral. I would buy for a symbolic dollar

>>55827189
All 50 states? I doubt that. Try harder or else you'll end up in financial suicide by the sounds of things

>>55827234
We're filthy rich.

>>55827227
No jobs there.

>>55827433
no, you really aren't. You are lower middle class on the verge to poor working class if either more niggers get imported to monetize, monetary base inflation should picks up or production becomes more expensive. Stop deluding yourself

>>55827459
Stop whining, I bet you're ultra-rich yourself yet you don't consider yourself so because you don't literally have a Jet.

If you can type on this website, go eat a nice steak after this, and sleep in an air-conditioned room, you're easily within the wealth class.

>>55824235
You said your parents are oligarchs. Of what, the town chip shop? If your parents owned so much as an Indian steel company, they could drop £117M on a house just so you could live closer to them.
https://m.economictimes.com/mittal-buys-third-major-property-in-londons-costliest-street/articleshow/3159420.cms

>>55827744
Well yeah no shit, but obviously we're not talking that level of wealth.

My dad worked for a great company and got a great inflation-adjusted pension, he also inherited part of a nice investment property with his siblings. I believe his current income is over 100k a year just on passive income and he lives in a house worth well over a million dollars, zero debt zero mortgage. He also has a stock portfolio and stuff.

>>55827744
He also has shares directly registered in his name.

>>55827775
Best bait I have seen on here in a while congrats

>>55818135
>voluntary slavery
>voluntary
>slavery
communists are genuinely retarded

>>55827166

how big of a house? you buying a mega mansion?

>>55827866
You're clearly a troll

>>55827879
Townhouse in the GTA

>>55818357
>>55818030

>54 posts by third ID 1/3 of the responses
Holy fuck attention whore rope yourself you massive faggot what next spam thread will you make?
10 more about real estate or divorce rape?
Maybe some e-celeb posting?
Or get frustrated and post gay shit like you usually do.

>>55827908

I also live in GTA, I never heard you need a 50% downpayment to buy a townhouse

>>55827321
So, why can't anons live in the warehouses? Build little cabins inside.

>>55827040
cope and seethe

>>55828309
The answer starts with J

>>55828278
You do if your income is 110k, our combined income is 110k so the bank will only approve us about 500k for a mortgages at current rates.

>>55828362
Such bullshit, I doubt there's any consulting firms highering in North Dakota.

>>55828746
You can't talk about it... But cool idea huh

>>55827056
thats funny

>>55819116
you and mr buffet are investing in completely different financial environments. How could you possibly know that stocks are going to continue to preform like they have for the past 60 some odd years?

>>55828994
Idk, how can you possibly know that HOUSING will continue to go up?

>>55829094
I don't. I mean, it's not like you need it to right? unless you plan to sell/rent it out.

>>55829283
I want to get rich that's the thing

>>55818394
100k a year household income for 2 people is low you retard

Thats like 50k per head of household you retarded nigger

But you are right this is the wrong time to buy a house

>>55828278
Don’t buy a townhouse

>it's a house, our home
She won't let you off here. It's not about logic, responsibility or 'arguments'. It's about sending a message to all of her friends and family, that she made it. When you think about it: Are lambos a rational use of your money? You get it.

>>55830303
>dumb wife
The really best advice is just to not get too attached to your her. The first step you already made by calling her your dumb wife. That's the self talk you need to subconsciously detach yourself from her. She will feel it and probably let go off the idea to buy a house because she's scared you were the last chance she had before being a meat grinder sacrifice. If not and she leaves you, you already done the dissociation and can move on to find a younger, more attractive wife. That should be your strategy before you ask us for tactics.

>>55818010

>>55818010
Buy land instead and then build the house by hand yourself using the local resources of the land
a few dozen acres would be good, try to get a lot of trees on it and maybe a river of fresh water passing though the land you purchase or at least a well of fresh water

>>55818135
the middle class is slavery. unbacked cash is slavery. you silly nigger

>>55818262
>wreck our economy
are you retsrded

>>55818285
>capitalism weeds out poor genetic stock
>onlyfans whores and malformed jews at the top

>>55818310
hey rabbi

>>55830238
You're incredibly retarded.

100k for a couple is a ton anywhere on the planet.

It's 50k PER PERSON. Most households don't even make 50k

>>55830346
Problem is I'd be an incel without her.

>>55831142
Yeah, because spending money you don't have makes you rich, sure.

>>55831128
Middle class could easily become the masters/oligarchs by getting a job and saving 10% of their income for a few years dummy.

>>55824235
>>55831863
Look, pal. You might think you're doing very well compared to others but it doesn't make you an aristocrat. You may be top 2% of global income earners but if you still need to enter into a slave contract (mortgage) to have a basic need met (shelter), then you are simply not an aristocrat/oligarch/master. No where near.

>>55832297
>ed to enter into a slave contract (mortgage) to have a basic need met (shelter)

That's not true at all, I can live an ultra-affluent life just by renting as I currently am.

Qualifying for a mortgage is just a sign that you made it, a way to show that the bank recognizes you as a rich-person, someone they trust to extend credit to.

To then sign that mortgage is initiation into the wealth-master class, you are now a property owner.

>>55818135
we are all slaves, but the renter is actually aware

>>55832354
If you live in a First World country, and rent or have a mortgage, you can't be a slave, you run the planet.

>>55820081
>locking in rent for 30 years
>except 1.5% property tax
>also need 100k downpayment

dam that's crazy man did you know that $100k downpayment invested at 7% compounding per year comes out to $761,225.50

>>55832412
1984 called, they want their CPI back

Down payments today are well over 600k anon.

>>55832361
No, you are just a slave in a different environment. Everywhere cost of living and income just about balance out. The slaves have enough to survive but can hardly ever rise higher. Look how third worlders can come over here and have an equal existence to just about everyone else. And the same for you if you went somewhere cheap with a remote job. Doctor in Canada and doctor in Thailand are both in the same position just with different surroundings. You have absolutely no say in how the planet is run I can't believe how delusional you are.

>>55832450
*without a remote job

>>55832450
I don't think you realize just how privileged you are. I don't know if you're white and male, I can assume, if you are, and you live in a first world country, you are the most privileged and powerful being in the entire world. Our entire social structure and global institutions are designed to cater to your needs and shape the world for your interests. The very device you're using to type on is made by slaves in China, mined by children in the Congo, and shipped to you through a vast international supply chain set up to for YOUR benefit. You walk into the Apple store and are served like a God by the employees there.

I don't know how you can't see just how insanely privileged and high up you are in the hierarchy of society, you are a modern Lord/King without the title

>>55832496
Everyone on the planet has a smartphone these days. Living in the West put us about a decade ahead of the third world there. People that work in the Apple store live in the same country as you and live the same life on average, I don't know what you're talking about, it's like any other job and any other service.

I think it's safe to say a system where you're taxed up to 50% of your income + pay more tax on everything you buy, is not set up primarily for YOUR benefit. It certainly does not make you a king.

>>55832704
>Everyone on the planet has a smartphone these days

Yeah, every wealthy person that you know, because you come from a very wealthy circle.

I know people who broke their phones and they can't afford new ones, and if they do they have to go on installment plans and skip meals. These are upper-middle class people.

>Living in the West put us about a decade ahead of the third world there. People that work in the Apple store live in the same country as you and live the same life on average

They're part of the upper/middle class. I earn over double their wage.

>I think it's safe to say a system where you're taxed up to 50% of your income

Tax rate is 15% on income, and 13% on goods/services

>pay more tax on everything you buy, is not set up primarily for YOUR benefit. It certainly does not make you a king.

It is if the tax money is used to benefit you. Police protect you, hospitals will keep you healthy, you have roads so you can drive places, electrical wires to bring you electricity, a military to protect you, unemployment if you lose your job, etc.

The very fact that you even have money to be taxxed is an example of your privilege.

>>55832329
>Qualifying for a mortgage is just a sign that you made it, a way to show that the bank recognizes you as a rich-person, someone they trust to extend credit to.
It's a sign that you're a reliable slave. The bank isn't betting on you investing that money into an income generating business, they are betting that you that you maintain a job and make your payments.

>To then sign that mortgage is initiation into the wealth-master class, you are now a property owner.
No, you are now a slave to your debt. You've made a sizeable down payment that you will forfeit if you stop paying. You are making a leveraged bet on the property market.

Also please remember that dollars are all created out of thin air. In fact, most dollars are really someone else's debt. Debt slaves are what makes the world go round. The system is genius really. As long as they keep the population growing and therefore keep housing constrained, people have to compete to buy. House prices will be set at the maximum amount of debt a bank will loan an above average earner. That amount is set by income.

>>55832880
>It's a sign that you're a reliable slave.

Except you can't be a slave if you join the oligarch class, which a mortgage essential does. You now own land, you are a Lord, a noblemen, I'd even say a king.

>The bank isn't betting on you investing that money into an income generating business,

A house in a way is a cash flow generating asset. By locking your rent, as rent rates go up, you forego that expense. Foregoing an expense can be seen as tax-free income.

>hey are betting that you that you maintain a job and make your payments.

If you have a job that's so well paying that you qualify for a mortgage then you're already very elite.

>No, you are now a slave to your debt. You've made a sizeable down payment that you will forfeit if you stop paying. You are making a leveraged bet on the property market.

So I guess Jeff Bezos and Warren Buffet are slaves, they buy shit on credit all the time. Buffet bought a private jet on credit.

>Also please remember that dollars are all created out of thin air. In fact, most dollars are really someone else's debt. Debt slaves are what makes the world go round. The system is genius really. As long as they keep the population growing and therefore keep housing constrained, people have to compete to buy. House prices will be set at the maximum amount of debt a bank will loan an above average earner. That amount

When dollars are created, who benefits? It's home owners. The inflation pushes up the value of the house while having no impact on the mortgages... thus you gain equity.

This is why i say mortgage holders run the planet, they reap all the benefits of our international inflationary banking system.

>>55832768
Literal Africans in Africa have phones. Indians in India, etc. Your incompetent friends and their iPhone plans are irrelevant.

Congrats on being a higher ranking slave than retail workers. You're earn DOUBLE? Wow.

Low taxes in Canada. I am surprised.

As far as I can tell government spending harms me more than it helps me. I would rather tax money disappear into a black hole.

>>55832958
>As far as I can tell government spending harms me more than it helps me. I would rather tax money disappear into a black hole.

I dont think you understand just how insanely privileged and wealthy you are. The fact that you are taxed to such an extent that you feel you'd be better off without it means you must be insanely rich

You never worked hard or struggled once in your entire life. You had everything given to you on a platter.

>>55830243

Then what do you buy?

>>55833004
>>55832925
I've said everything I wanted to say. I think your perspective is a bit limited.

>>55830238
What do you make?

>>55833160
I think you're absolutely delusional. I find SJWs cringe but you unironically are so privileged you're unaware of your own privilege

>>55833168
He makes nothing he's larping.

50k for one person is well above average.

>>55832925
If you buy a house using credit you do not truly own it. You are renting from the bank with the expectation that after 30 years you will own it. This is better than renting as a renter will never own his accommodation and build up equity.

If you get a mortgage you will still end up paying much more than the listing price in the long run. You are betting that house prices will go up offsetting that loss. Whether that happens or not is doubtful, personally I don't think current incomes can support further increases (not in the UK anyway).

Elites pay in cash, they don't use credit and enrich their lenders by doing so. Mortgaging a property used to be done in order to free up cash as a last resort to avoid bankruptcy. If renting is more expensive than mortgaging, then I would prefer to buy, but if buy to let is a huge thing like it is here in the UK, you are really just financing another person's mortgage and lifestyle- the literal definition of financial cuckoldry.

>>55834844
Oh and don't forget, 30 years is a long commitment. You will not be able to quit your job during that time period. You will be chained to that mortgage. A lot of things can happen in those 30 years. You could die, get ill, niggers could move into the neighborhood, your house gets blown/burnt down or flooded. I wonder what the country will look like in another 30 years of mass immigration?

>>55818010
rent cuckshed and kick her out of she complains about all the money you're saving

>>55832412
How do I get 7% compounding return

>>55818135
>renting is closer to slavery than a massive pile of debt at 8% interest
Get a load of this retard