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/biz/ - Business & Finance

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11542815 No.11542815 [Reply] [Original]

>he has a mortgage

>> No.11542826
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11542826

kys faggot

>> No.11542848

>she has mustache.

>> No.11542865
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11542865

>borrowing money for a non-appreciating and illiquid asset

yikes... do boomers and gen x and most of gen y actually do this?

>> No.11542869
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11542869

>>11542815
Enough is enough

>> No.11542902

>grandparents bought their home for $20 000 in 1978
>sold it in 2018 for $900 000

Love my Nana, but fuck that boomer bitch

>> No.11542915

>>11542902
One set of grandparents bought theirs in the 60s for $5k the other in the 70s for $25k

Both properties sold for ~$1.5m

>hey i wonder what'll happen to prices if banks are never able to fail so theirs no such thing as too much lending so we just give millions of people money they cant repay to buy houses? will pricees rise out of step with prudence?

t. 2008 and 2020

>> No.11542922

>>11542865
>classing your primary residence as an asset

>> No.11542945

>>11542922
you can call it shirley if you want it's an asset

>> No.11543279

Lowering your upkeep is heavily incentivized in our system. I pay less for my mortgage than I would for rent because I bought a shitbox and fixed it.

>> No.11543972

>>11543279

this in a very real sense. it's very possible your home ends up basically being the same as renting, but with some sweat equity and purchasing into a gentrifying area, it's fairly easy to see great returns. you can even get some gibs in the form of downpayment assistance programs that don't have asset limits, like the 10k hardest hit downpayment assistance program. Not all house purchases and mortgages are created equally.

>> No.11543986

>>11542815
nothing wrong with a mortgage if you plan on staying in the house and can make early repayments so you don't get started on interest.

>> No.11544545

>>11542815
I would defile that face.

>> No.11545259

>>11542815
>>he doesn't leverage cheap loans.

disgustedcapitalist.jpg

>> No.11545263

Imagine being bsuch a NPC to fall for the cookie cutter life brought to you by jews

>> No.11545271
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11545271

>>11543986
>He wants to be cucked by an inanimate piece of concrete

>> No.11545290

>>11542815
Correction: I am upside down on my mortgage. Who else negative equity here? -$90k btw.

>> No.11545385

>>11545271
Concrete is for poor people. Patricians live in high-ceiling brick.

>> No.11545420

>>11545385
>living in a city

>> No.11545438

>>11542945
then so are your clothes or anything else you need for daily life.