/biz/ - Business & Finance

[Anonymous No.12180581]

Which is better, renting or buying a house?

[Anonymous No.12180625]

>>12180581
if youre a fragile beta bitch boi, renting
if youre a real man, buying a house

[Anonymous No.12180636]

>>12180581
Don't buy a house unless you are 100% certain that you will still live in the same city 10 years from now.
If you sell your house after less than 10 years, the closing costs and interest payments will leave you worse off compared to if you just rented.
Ideally you buy a house with 3-4 bedrooms, and rent out all of the spare bedrooms to well-behaved tenants.
If you do it right, your tenants pay for 100% of the mortgage payments, and you live for free while building equity in the house every month.

[Anonymous No.12180670]

>>12180636

Re agent here

This guys a nigger, don’t listen to him

Listing fees are usually 5-6% with buyers paying most of the closing costs for the attorney, loan payoffs are usually covered by the sale of the house unless you’re a retard

It doesn’t take 10 years of appreciation. To achieve this, usually 2-3

[Anonymous No.12180694]

>>12180636
>If you sell your house after less than 10 years, the closing costs and interest payments will leave you worse off compared to if you just rented.
this is assuming many things, not the least of which are:
>you are expecting the market to crawl upward in line with inflation at most
>you use a realtor to sell the property
>you have a mortgage
>you do nothing to the house to increase its value during the time you live in it
there are so many ways to make buying a house into an instantly successful investment. renting is not an investment.