/biz/ - Business & Finance

>>58055428
24

36 still live with parents.

>>58055428
>bought a condo at 22
*using my betabuxx's money

>>58055428
27

>>58055428
25 and I had no money in my back account. you can still get loans with no down payment.

>>58055428
22

>32
>no house, no gf

It's over

>>58055488
30 and same

I’m 22 and I live with my mommy and my daddy

>>58055428
I decided not to buy a house and just get more bitcoin while living with my parents. I now have 24 bitcoins which I accumulated since 2017. I still don't want to buy a house. cause houses have a lot of risk. I can just travel around and rent where I want. my bitcoin goes up more than houses. basically bitcoin is virtual houses you can carry on your back.

>>58055452
24 year old home owner reporting. Not a condo. Not a townhome. Something with land that is in an area that keeps Cleetus and Jamal's away. Got it when interest rates were around 3%.

>>58055428
I bought a cheap 100k condo for 20k down when I was 20. now the same condos are worth 300k, 10 years later

>>58055428
Is a 15 year mortgage the lowest you can get or can you go even lower?

Bought at 24, paid off mortgage by 27

>>58055428
SWE living at home with parents making 140k total comp KEK, I'll buy when interest rates plummet. Otherwise, no thanks

>>58055480
You had to have some banger credit and employment then.

>>58055528
Bruh there’s literally no risk in home ownership unless you’re renting it out or live near niggers

>>58055682
Based

25, bought my second as an investment property at 26. Hoping to buy a third this year (27), but I might not be able to because I fucked up and lost 80k gambling options kek

>>58055660
There are 10 year loans for those who meet certain qualifications.

>>58055528
Anon if you really have that much BTC why not just buy a home base for yourself? I understand your points and totally agree with you but if it were me I would want a place to come back to after traveling all around the world. Congrats btw

>>58055755
What are the qualifications?

>>58055786
Since they are so short term, most lenders want to make sure the income can handle the high PITI. These loans also come at a higher interest rate. They are normally reserved for high figure incomes with high credit scores.

There are also 7 Year ARM loans with variable payout options after the initial 7 years. Also 5 year ARM. I never looked into those. I'm just scraping fora FHA 30 year putting minimum down in a HCOL right now lol.

>>58055877
Why would a 10 year loan have a higher interest rate than a 15 year loan?
15 year loans have lower interest rates than 30 year loans.
Generally the higher interest rate is supposed to compensate the lender for their money being tied up for a longer period of time. So longer loan = higher interest rate.

>>58055428
Bought my first home in 2022 at the age of 26. At the time I basically scrapped everything I had for the down payment. Paid an even 300k.

18 months later I was cucked by the city and they issued imminent domain on the property (they were building some bullshit community center or something). I was too young and was blinded by their offer of $350k, so I sold. Looking back I was an idiot and should've fought them. It was such a great little house.

>>58055891
Some of it is a risk balance between the lending price and the loan length. It balances out for more power to the lender because of the short length. It made sense from an article I read off Forbes a few years ago. At the time, the market was shifting a lot in the low term mortgage area. There was a lot of refinacing in this market when rates were bonkers.

31 and living with parents, having a pussy and being moderately attractive really is living life in tutorial mode.

>>58055983
50k gain in a year and half isnt bad desu

>>58055428
18, I'm not a poor fag.

>>58055428
>buying a condo
https://www.youtube.com/watch?v=2wKAcudjSPs

>>58055428
27

>>58055428
15, I'm not a poor fag.

>>58056024
It just helps but isn't the whole package. My sister lives with me as I've been her parent since she was 12. She's turning 22 this year and I'm considering giving her a notice to be out by summer 2025.

>>58055428
i was thinking of buying a condo in the denver area, living there for a few years, then renting it out.

Is this a good investment?

>>58055711
>Bruh there’s literally no risk in home ownership unless you’re renting it out or live near niggers

Lulz my idiot father knocked 1.8m off of our family property by turning into a hoarder and not maintaining it and my uncle by putting a meth lab in knocked it all the way down to 1.4m. Whatever was left got termites into it and fucked the timbers so badly I couldn’t even get to some of the places I used to spend time as a kid. All this in three years. You ever sell a fucking mansion for 1.4m a king gave your family because your idiot boomer parents managed to destroy a six hundred year old inheritance in three years?
I have 140k in property and that is the absolute top I will ever invest.

24, 300k apartment with 50k down

>>58055711
nope. just decent credit and shitty, but not too shitty income. it was a USDA Rural development home loan.

>>58055428
This means she has rich parents who bought her this as a graduation present.

>>58056142
Only a retard would claim home ownership has no risk but holy shit your boomer family were risks by themselves regardless of if property was involved.

>>58055766
you just wouldn't understand, it's freedom to do whatever you do, whenever you want, wherever you could.

Too much noise, go to another neighboorhood
Too booring? repeat

niggers invaded your country? go to a purer country

>>58055704
>unironically bragging about 140k in 2024

>>58055711
>Bruh there’s literally no risk in home ownership unless you’re renting it out or live near niggers
there's a lot of risk

- Goverment closes the country for non-vaxxed. I can't visit anymore
- A war breaks out. House value goes to 0
- The economy in the country collapses House value goes to 0
- Your neighbourhood gets an influx of crimnals and becomes a gang spot : house to 0
- Your house gets earthquaked or destroyed some way : house to 0
- Property taxes
- etcettc
- Putin drops a nuke in europe. I have to flee. I lose a house worth.

there's so many factors. Just holding my bitcoin that goes up more and paying rent where ever I want. rent is also very cheap in a lot of places.

>>58056061
Sure, but in hindsight it was 3 acres of land if a very desirable midwest suburb, where that much land is almost unheard of. I originally got it for such a good price because the home needed a complete cosmetic rehaul. I think I could've dropped 50k on renovations and the home would've been worth 425k-450k easily. With the current real estate prices I bet it would've easily been worth half a mil.

Oh well. Good learning experience I guess and technically the city didn't need to offer any additional compensation at all.

>>58055766
I do have a "home base" it's my dads house. I am there about 3 or 4 months per year. sometimes more. then I go out of the country for the rest of the time. I'm considering moving to Argentina. I have to check it out the next travel. I'll leave around April and wont come back until next year. my home bases are my fathers house and my mothers house, and my sisters house. Maybe i'll buy sometihing later if I find a nice place but not in this country. and not until i have 5M networth. then throwing 300k at a nice place somewhere doens't matter if I lose it.

Looking at buying a third house now (to live in), and I found one that is up for auction. It's a nice house, and apparently nothing wrong with it, that's just how the realty company prefers to sell all their homes, which I didn't realize was a thing. It has 40 days left on the auction, and the highest bid is currently 110k for a house easily worth 650k. If I can snipe it for under 450k I will put an offer in, but I'd be surprised if it doesn't go much higher than that as the date approaches

I live in California. I'll never own a house

33.

I live with my dad most of the time after college and saved up. I don't see the shame people here have with living at home, it's financially intelligent as long as your family isn't abusive.

>>58056024
>I'm a failure because girls have it easy
kek

>>58056297
it's the same in my home country. I just fuck my gf upstairs while my dad is mowing the lawn. he doesn't care.

>>58056214
>tfw you think 140k is bragging
You must be retarded

>>58056342

>>58055428
Condos are actually very underrated. They also appreciate in value and are cheaper than homes. You can buy a condo, when condo matures, sell it, then get a cheap house, and then your cheap house matures and then move to decent B Tier American City and buy fancy house and if you get lucky it becomes A Tier and you get legit wealthy.

This is what my aunt did in the 80s and she sold her little 1600sqft house for 2.5 million in California. INB4 bitter zoomer says ahhh that is all you have to do????

Well yeah fuck off I am giving FREE ADVICE what this post says is what my aunt did and it might work for you.

>>58055428
most people don't buy their first home until they're in their late 50s to early 60s. i plan on buying a home at 36, 100% down payment.

>>58056214
$140k is decent money outside of online communities where everyone is tall, handsome, happily married, and of considerable means. it's even better if you live at home and pay no rent.

this thread ruined my day I fucking hate all of you

>>58056562
are condos more noise-proof than apartments

because otherwise i see no benefits over houses aside from less direct property maintenance required on the part of owners

I think I'll just be renting until the end of my life.

>>58056717
they guy you're talking to is a retard. condos are a terrible investment because they appreciate more slowly than townhomes or sfh and they dump harder during a housing downturn. the HOAs eat away at your profits, and they're often poorly constructed. his boomernigger aunt made millions because you could buy anything in niggerfornia in the 80s for peanuts and be a millionaire by just holding.

>>58056142
I'm pretty sure no jury would convict you of murder, anon. Holy shit.

>>58056198
Fucking boomers. I warned my grandmother to skip the generation and give everything to me and the cousins and now a Chinese dude is digging up her grave along with everyone else buried in our graveyard to take to a public burial memorial. I’m trying to convince my friend to turn this into a screenplay as a warning for Millennials and Zoomers to just kill their family boomers at this point. You will own nothing and it’s because your wine aunt and father spent it all on Carnival cruise lines.

>>58055428
4

>>58056789
boomers/early gen x should be violently lynched in the streets desu

>>58056772
Oh trust me, it gets better, we have been burying family in the property since the early 1800s when one of my ancestors told everyone to go fuck themselves, he’s never leaving it again. My uncle and father sold it to a Chinese guy. I’m literally sitting on concrete rubble right now watching his company dig up my family from their graves and throw them on a flatbed truck to take to a memorial field.

>>58056857
Holy fuck anon, better get a quick photo before it's too late to shame these fucking dinasours

>>58056857
you could probably inject a lethal dose of methamphetamine into your uncle and constrict your father's movement under a pile of trash until he died of dehydration -- and get away with it all.

>>58056888
Checked.

>>58056857
Pics OP. Nao.

>>58056142
>>58056789
jfc

it's like most boomers are either squandering the generational estate or bequeathing it without discretion.

there must be a lot of rolling ancestral corpses out there.

>>58056888
Yeah my wife has been making charcoal rubbings of all of the headstones (those are going too). She knows how depressed I am. Some of them are so weathered nobody knows who the fuck they are. We probably shouldn’t have buried them in a clearing in a forest in our property. They also gave each of the kids 10k and kept the remaining 1.3 for themselves. They said it’s their parents money they can do whatever they want. If I didn’t have my wife I would have murder suicided two years ago in a heartbeat.

>>58056941
Man, that's so fucked up, I don't even know what to say.
You don't deserve this, get away from these pieces of shit and take care of yourself and your girl and your cousins.
These are the people that matter.

>>58056913
All the same I don’t want to do pics. The last thing I want is people googling it on Zillow and then rubbing this shit in my face if that’s okay. I don’t want to be the next iPod kid. It’s a pretty distinct property.
>>58056916
Not as many as you’d think, we only had 1-2 kids per generation and most of the men in my family married in their 40s to girls around 20. Gotta like less than 15 graves or so. We had a small mausoleum for kids, that’s really the main thing that’s filled to the brim. Apparently we are Indian Featherhead tier when it comes to the flu.

>>58055428
dat OF lotto

>i bought a house
owes 30 years

you dont own shit

>>58056136
Just marry her.

>>58057523
Anon this is /biz/, not /b/. And I already have a wife who helped in raising her.

>>58057195
i meant to refer to the general trend in general estate mismanagement by boomers, and how their ancestors would react if they knew.

either way, i'm terribly sorry you've been dealt this predicament.

>>58057303
if you locked in a home at a low price and at low rates, it's arguably more financially advantageous to be paying a mortgage than a lump sum purchase given the investment opportunity costs.

with that said, most everyone buying these days is comparatively screwed.

>>58055428
21, both put 10% down on a 3 bed new build. Will be re-mortgaging end of this year

I just want my crypto to pump from the current €60k to €100k so I can buy a house at 24. It should be enough of a down payment combined with what I have in the bank

24. I am 30 now and will be paid off next year. Can't wait to be debt free.

>>58055622
same on all accounts. up 300k on it(cost me 340 three years ago) and the town just upgraded schools/added retail. shits about to boom. also my internet is faster than in the city since everyone around me is old and doesnt nignog around on tiktok all day. near a beach and have 25+ acres.
>>58057871
holy shit this kid is about to get rekt by the jew

Eight ... so sad.

Im about to sell and move. I'll profit by about $100k.
The job I'm taking has a parsonage I could live in, or I could buy my own house and have my mortgage payments be tax exempted.

What would you do in this scenario?

>>58055428
I haven't. 27

>>58058098
put money into bond stock market unless the area you are moving to has serious upside/not developed, you do not want to get jewed by interest rn and homes only net like 5% annually

>>58058098
kys christcuck

>>58057850
>its better to 30 year mortgage
>pays 2-3 times asset price plus upkeep and taxes
its always been usury

>>58055473
based

>>58058149
its funny how shills want to act like the jews like christianity when it clearly states all who deny christ burn in hell. there are no chosen people

>>58056136
yank

>>58058214
Yank on deez nutz

>>58058147
Thanks

>>58058256
I know it. even more jewish than jews

>>58055428
With APU, hopefully soon...

>>58055528
>24 bitcoins
That's like 1.6m pre-tax so it's not that crazy. Just cash out during the bull, invest in some saver's account to get interest, and reinvest during the bear kekw.

make sure its a good deal.
>>58055428
Bills & H.O.A fraud
https://www.youtube.com/watch?v=4NRFmaVHJxM&ab_channel=CBSMiami

Bought out
https://www.youtube.com/watch?v=DYqvuiLAt1U&ab_channel=CBSMiami

Old Condos collapsing & purchased by billionaires.
https://www.youtube.com/watch?v=GoY2U6bMpNk&ab_channel=TheB1M

>>58058158
Yes it's usury, but again, opportunity cost. If you closed on a house at 250k and 4% interest, you can do a lot with the money you're setting aside in the near term other than just paying off the mortgage which has decent potential to outperform the cumulative costs of interest over the next 30 years, and the interest rate basically has parity with the current inflation rate.

To pose it a different way: would you say it's a better financial decision to sell $200k of bitcoin -right now- to pay off a 30 year low-rate mortgage?

>>58056666
If you want a bit of cope, many people here are either larping or from poor countries/states with cheap houses.
Also nice quads.
>>58057303
Me personally I have no mortgage. I got a small warehouse to renovate into a home from my parents, and eventually I will have to pay rent in a rent-to-own scheme.

>>58058623
i just found a good rental spot, put my money into an account earning% until i have enough to buy the house. i earn on the money im saving and the banker doesnt get more from me

simple as; save until you can afford it. any borrowing is borrowing against your future

>>58056136
Why?
Adults know what sex is. You can have sex even if your sister lives with you.
I'm assuming this is your really weird concern that you're going to kick your sibling out for (who depended on you for a large portion of her life).

>>58059056
I also find it odd you consider that my concern when that's nowhere near the matter. I should add that when she was 12, I was 19. I've spent a tremendous amount of time, money and stress in doing the job our parents, who had more years than I did to figure their lives out, couldn't do. I've sacrificed live opportunities to make sure she can at least get some semblance of a normal childhood. My next chapter in life is coming up that involves it's own set of decisions I either take now or come to regret later. As much as I love her I am going to have to choose myself and my goals this time around.

>>58058982
make sure you do the math, you could be paying a hefty opportunity cost by being dogmatic about giving money to a banker.
for example, my mortgage is at 2.65% fixed rate. the real dollar value of my balance is shrinking faster than the interest I'm paying on it, and I'd have to have been a moron to not have taken that deal.
It helps that I didn't need the mortgage in the first place, meaning the money I would have used to pay it outright is instead invested, acting as an easy-modo money multiplier.

>>58058464
>> sell to buy again
no thanks. bitcoin is the exit strategy.

i was 22. five years ago now

I live with my parents and never worked a day in my life. Feels good.

>>58055488
gfs get old after the first 6 months, after that you wish you could be alone again. the grass is never greener anon. learn to be happy no matter where you are in life.

>>58059359
can confirm. its nice for a few months and then you are tired of her. and it doesn't matter how fucking hot and cute she is or how great she is. at first you will want her so much and then when you had her for a few months it becomes .... well.... its boring.

>>58059180
>could be
or i could not be too
>only 2.65%
so what are you paying the banker on the lifetime of the loan??

>>58055891
have you tried looking at the formula for calculating interests? ignore amorization and all that bs...
consider this: higher interests does not necessarily means paying more money

>>58058158
maybe. in hindsight i wish financed and paid jews interest but kept the 35+ btc I dropped to buy with cash. but I made the right choice with the information I had at the time. you can't go for a walk in the numbers on a screen.

early thirties
enough to pay off
but obviously don't do that for tax reasons

Bitcoin maxi

vote trump

>>58055428
Ftfy

>>58055428
Purchase or get a mortgage?

>>58056789
Holy shit the collapse of your family is making me laugh hard. From receiving a mansion from the king to some chink exhuming your grandma's remains off the property kek. Lmao.
Don't take this too personally it just is what it is. In an alternate universe things went differently and you are dunking on me in this thread from how well off your family is.

>>58055428
I am 33, living with parents and still can't afford a deposit

>>58055428
I might just rent
Throw $300k at the s&p and the appreciation will pay for your rent.

>>58057195
Welp.. I guess it's your turn to make fuck you money and start a new dynasty, with a proper manor and stuff.

>>58055428
19, right before my 20th birthday.

I had saved up money to get married to my hs gf and later found out she had been fucking a bunch of my friends. So I took my money and used it as a down payment to put in a small modest cheap house.

That ex is now a 40 year old roastie single mom with 2 kids.

>>58055428
45

>>58055428
>28
>No house (i live with my parents)
>virgin
>200k/year IT job.

35

>>58059359
>>58059426
maybe you should fuck whores and die without kids then : ^ )

>>58056941
>>58056941
you should find a way to make it so the house appears haunted by ur ancestors so it scares them so bad they spend all their money on chinese chink charms and trinkets to try and scare them away.

>>58062064
>create more slaves for globohomo
Nah I think I'll just be a terrorist in a few years.

>at what age did your sister say you deserve to get raped to death if you don't buy a house?
>27 for me

>>58056666

>>58056139
thinking the same

reminder that itt:
purchase = used credit
house = living space that shares walls with neighbors

>>58062064
why not both? take the Joseph Smith pill

>>58062005
What kind of IT

>>58062543
I also wear jeans too long for my waist but they were $10. What's their excuse?

>>58062209
tfw sister never rapes me into being rich

>>58055428
99% of the time when people say they bought a house they mean they took on a mortgage (thats likely their parents cosigned for)

True

>>58055473
Gigachad
I'm 25 and I'm staying for as long as possible.