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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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58319141 No.58319141 [Reply] [Original]

>Normies fell for the (((you know who))) FOMO campaign and moved out of their parents home only to get enslaved by the >2500$ rent + utility forever, instead of putting all of that into gold and BTC to build wealth
A moment of silence for the unfortunate souls.

>> No.58319193

>>58319141
what do you think landlords do with all that money

>> No.58319214

>>58319193
They're terminal hoomers. They just buy more houses and keep failing to outperform an index fund.

>> No.58319221
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58319221

>>58319141
Freedom has a cost.

>> No.58319223

>>58319141
Not everyone can make it

>> No.58319234

>>58319193
They probably use it pay off the property tax, HOA expenses, maintenance etc.

From what I know renting homes isn't about profiting off the rent itself, this would be moronic as you can get one-shot by a massive maintenance bill if you don't have funds saved up for it.

It's about having an asset that rises in value over time which you can do reverse mortgages on etc. if you need liquidity or simply just due to value appreciation over time, and there not being taxation on the sale of the property.