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/biz/ - Business & Finance

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14671447 No.14671447 [Reply] [Original]

I just put a down payment on a $430000 house that will easily be worth over $1 million in ten years. Enjoy your shit coins, us millionaires will be laughing from the side lines.

>> No.14671473

>>14671447
>imagine actually putting a down payment on a house

>> No.14671490

>>14671447
>he doesn't know
oh boy

>> No.14671507

>>14671447
yup. buying houses is the new paradigm

>> No.14671522

>>14671490
Know what? This is what all my relatives did in the 70s and 80s and their property values more than tripled.

>> No.14671540

>>14671447
lmao 10 years to go 2x. You could easily hit that return with BTC in 6 months.

Also, by the time you your house hits 1 mill (will be longer than 10 yrs), you'll have easily paid 100-200k in interest & that money is gone.

>> No.14671550
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14671550

>>14671447
Lol. Please screen cap this if not ironic.

Pepper that angus. Your boipucci is gonna get ravaged by the housing crash.

>> No.14671557
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14671557

>>14671447
>in ten years

>> No.14671583

>>14671522
You're not in kansas anymore, Dorothy.

>> No.14671638

buy high, sell low: the true /biz/ way

>> No.14671642

>>14671447
This a new world anon. Hit the rope

>> No.14671649

>>14671473
>imagine being poor and renting

>> No.14671655

>>14671550
>>14671447
KNOCK KNOCK THE RECESSION IS COMING, 11 YEARS WITHOUT A RECESSION HERE IT COMES.

>> No.14671666

>>14671447
That's it anon. Buy a home before all the boomers die and there are tons of cheap homes

>> No.14671670

>>14671522
checked but this must be bait

>> No.14671694

>>14671649
>imagine not realizing renting is better
*winks
*tips eyelash

>> No.14671703

>>14671447
>buying a house and not fully months before a market collapse
Enjoy being thrown out the streets.

>> No.14671707

The boomer genocide crash will be something of beauty. But it will be nothing compared to the Gen X (the cool wine aunt gen) crash.

>> No.14671725

>>14671447
>One black person moves in
>You've paid more likely $650k with interest
>The property is only valued at $250k on the market from the demographic shift.

>> No.14671738

>>14671447
430k only get you a crack shack on the south side

>> No.14671789

>>14671447
>tfw...
430,000/12,645.63
=34
10 years time -> 1 bitcoin = $10 million
34 BTC = $340,000,000

have fun with your house OP

>> No.14671793

You put down 73k?

>> No.14671796

>>14671540
This

He is boasting about a 2x that will take 10 years to reach.

He'll get 570k profit. - 200k from interest, 370k profit after ten years. I mean... in 10 fucking years. Idk but I'd rather invest in apartments and get passive income. At least that seems more stable.

>> No.14671886

>>14671447
Kek

>> No.14671929
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14671929

OP I’ll sell you my B255 for 125000. It will be worth easily 10x that in ten years.

>> No.14671975

>>14671522
Let me put it this way. We'll use bitcoin as an analogy for housing. Your boomer grandpappies bought bitcoin at $500, you bought bitcoin at the end of the upcoming golden bullrun @ $50k before it crashes to $8k

>> No.14672039

guys when will be gud time to buy hous... 5 years? 10 years? 2 years??

how do i get housing market news...

>> No.14672617

>>14671929
Fellow B255 anon checking in. Can confirm.

>> No.14672627

>>14671447
B A I T
A
I
T

>> No.14672641

>>14671447
like you shouldn't own both, fuck off

>> No.14672683

>>14671447
Reminds me of this cnbc article i read earlier. There are actually normies putting their life savings into down payments as we speak. The level of retardation is astounding, yet probably deserved. https://www.cnbc.com/2019/07/08/self-made-millionaire-david-bach-a-chart-changed-the-way-i-think-about-money.html

>> No.14672990

>>14671447
lol you could have just bought a 3x leveraged REIT if you think it's going to go up, dumbass

by the way, we will see a 30-50% correction within the next 5 years, enjoy your mortgage slavery

>> No.14673009
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14673009

>>14671447
I bet with the property tax and interest rate on your mortgage you will still end up losing money if you sold the house at 1 million.

>> No.14673024

>>14671447
>he doesn't know that housing market is going to slip more than 40%
Anon..i...

>> No.14673048

>>14672990
based as fuck I've never even heard of leveraged reits, can you give me a quickrundown on the gains? I was researching reits and they appeared to avg 10% a year so I was like might as well do index funds instead

>> No.14673107

>>14673048
it's a cheatcode to life, you basically get 3x the spread of inflation+rent seeking, but you have to time the crash and buy in near intrinsic value or you'll lose a lot of money very fast, look into DRN, get in low milk the long term capital gains for many years then get out when things look too shiny

>> No.14673150

>>14671447
House prices can only go up

>boomers dying
>deluge of empty houses
>2 generations of neets with no skills or money for fancy houses
>us dollar crisis

Yeah gl with that buddy

>> No.14673168

>>14671666
Three 6 mafia checked. Best opinion blessed with trips

>> No.14673200

>>14672039
Wait a few years to hear sentiment about how the housing market will never recover. In that despair is buying time