/biz/ - Business & Finance

>>56236847
honestly when I realized that these fancy $2000 a month complexes have everything I need in walking distance and I don't have to share the gym

>>56236847
the legal benefits are the biggest deal in a house. you are protected from lawsuits and it's more favorable for inheritance.

Ill buy one someday but I never want it to be a majority of my wealth

the real redpill is that landlording is ass. it's for low and middle class people to be their own bosses, not a way to wealth

>>56236847
Live with parents if they allow it and save and invest heavily the money you make to either A preferably buy the house in full or B put down 50%.
We have 2-3 years til housing bottoms. A bullrun and stock market and crypto will come 2025 most likely depending on who gets elected. Pretty much will be a great time to buy. Not as great as covid but better than now

if you can buy a house cash its a grand slam move

if you have to borrow you should rent

>>56236847
When Martin Shkreli broke it down for me. Also I can rent my current place for 100 years at the same price a worse off appartment would cost me. And if have to pay that in 1/3 the time, leaving less capital for better investments (crypto)

The overarching problem is that someone shouldn’t need to decide if owning vs renting is better based on excel spreadsheets, opportunity costs, and ROI forecasts.
You should just be able to work a regular job and marry a teenager that doesn’t work. The end.

>>56236847
Only retards rent.

>>56237489
>You should just be able to work a regular job and marry a teenager that doesn’t work. The end.
Honestly. Business and finance is so unfair it's unreal.

I vacationed in Japan, there were vacant “empty homes” going for just $10,000. In the middle of nowhere, very rural, but damn. Compared to America I’d be paying $200,000+ for anything comparable.
That’s 5? 10? Years of wagecucking down the drain, whereas I could buy in cash a comfy home in Japan. I don’t have a visa so not really, but a decade (or more) of slaving in America. Damn…

>>56236847
When my rent stayed at $600 for a fully furnished apartment with free internet. My office is less than 5 blocks away. Why would I buy?

>>56237710
The problem with Japan is that you'd never have a preferrable job. You'd just be the foreigner. They'd be racist to you, deny you opportunities, and

>>56237710
sounds nice. what's the catch? everyone hates you because you're a foreigner? no jobs?

>>56236847
I'm like a 6 minute walk to work. My amenities are pretty much right beside me. And I'm in the heart of nightlife for only like 2700 CAD. Ridiculously cheap for what I'm getting LMFAO. Can still contribute massively in to my TFSA and FHSA for when I finally just swap my equities outright for an entire home.

>Upon further examination of financial and economic analyses, it would appear that renting, in terms of wealth generation, is the optimal decision versus buying.

>>56237260
why shouldn't someone just throw down money in an index fund instead of buying a house cash? you'll be far more wealthier in 10-20 years

>>56237966
this. whenever i see a poorly made bell curve meme, i assume the crying fag in the middle is right

>>56238004
>this. SOO much this
1 updoot for your, sir!

>>56236847
>t. Faggot
T. Landlord Chad.

I'm about to pay $15k to replace the HVAC in my house but I still have ZERO regrets about buying. Renting is just throwing money away.

>>56238147
>he has to engage in an ongoing voluntary contract with other people in order to earn barely enough money to maintain a mortgage and keep up on taxes on a property he cannot use
>he lacks the skill or connections to renovate distressed properties and sell them for several years worth of rental income in profit for a few months worth of labor
landlords are the bottom of the barrel of real estate investors