Renting vs Buying

[Anonymous No.15766604]

How is buying not a Jew scam unless you have 80k+ for a down payment? I guess if you have a family and plan on staying put for 20 years but you pay the jews as much interest as the house and the first decade 70% goes to that principle so MUH EQUITY argument is bullshit.

[Anonymous No.15766663]

>>15766604
Let me know how much equity you have after renting for a decade brainlet.

[Anonymous No.15766686]

>>15766663
Probably the same as you if you factor in time spent on maintenance and repairs (a new roof or water cooler is an easy 5k set back) not to mention that “equity” could have been invested so really I’d have more than you lol, not to mention less stress.

[Anonymous No.15766753]

>>15766686
>That equity could have been invested
Not even going to bother with an obvious sub 80 IQ moron

[Anonymous No.15766768]

>>15766604
I hate that blog and its snobby owner.

[Anonymous No.15766814]

>>15766604
you sound kind of dumb op. but look yp amortization. as long as you pay a few hundred extra each month youll save literally hundred thousand off the backside in interest.

[Anonymous No.15766817]

>>15766753
I’m genuinely curious anon I’m not trying to argue if I’m a brainlet so be it I just want to know why home ownership is worth the 200k you pay in interest besides MUH PRIDE IN OWNERSHIP, considering their are multiple billion dollar industries shilling for people to buy over valued houses.

[Anonymous No.15766827]

>>15766814
I’m probably not as smart as guys that are programmers or data scientists so I’m genuinely trying to learn anon pls no bully I want to make smart financial decisions.

[Anonymous No.15766833]

OP is a faggot
OP pic is a faggot
Shit thread
Let's move along

[Anonymous No.15766926]

interest rates are low, and going down
if you get a cheap loan, you really aren't paying that much interest
if you can get cheap property taxes too, then great! but if property taxes are high, you're still just paying your landlord's property tax if you rent.

[Anonymous No.15766962]

You can only be happy playing keeping up with jonesburgs with a mortgage like everyone else OP.

[Anonymous No.15767093]

>>15766686
> a new roof is 5k
> a new water heater (water cooler?) is 5k
try 15-40k for the first and 1-2k for the second
the reality is you should purchase if:
>have a great credit score to get the lowest APR available
>can save to get the downpayment. no more than 20% should be put down unless your APR is above 3.5%
>know the area and its history. if area was the "up and coming area" once or is next door to what was considered a good area to live that no longer is then you can bet its a bad investment. just because its a good area now it may not be when its time to sell
>can do your own repairs

if you meet all those requirments you'd be crazy not to buy. if your renting for a home for 1k a month then chances are the mortgage of that house with 5% down and a good credit score would be $750, and around $150-200 of that would be going into your equity. so you'd be out around $550-600 a month instead of 1k
(and no a new roof, AC, and waterheater every 20 years does not outweigh the extra 5k a year you'd have in equity)

[Anonymous No.15767105]

I've done the math for my area because my equity isn't increasing and even if I sold now, I would come out ahead between the tax breaks and the mortgage being cheaper than rent.

[Anonymous No.15767120]

Do the people who rent in this thread not realize that they are just paying other peoples mortgages and taxes?

I own 3 houses and am making bank off them by renting them out, I bought them at foreclosure auctions so they were all pretty cheap too.

[Anonymous No.15767188]

>>15766604
>McMansions
I agree that they look like shit, but the point is that they're a symbol of wealth more than a marvel of architecture. The real money makers live in tasteful things like picrelated, what OP posted is "entry-level luxury" for the mid-managers married to Karen who wants to speak to your supervisor. The kids today don't have boomer purchasing power for the most part, so the most they can do is hiss out of their $1,000/month bunk beds. It's just like how it is with cars.

[Anonymous No.15767193]

>>15767093
Anon my rent is currently 650 in a nice area I’m a simple man that doesn’t need fancy things. However I recently got approved on financing and viewed a nice duplex
>going for 230k currently in a nice area that’s been nice for 2 decades where they recently built several 3-500k+ condos
>new bars and gyms, grocery in the square which is within walking distance of the place
I’m debating buying. I’m decent at repairs but have family in remodeling that can help or refer me to people who won’t Jew me. I have 10-20k I can put down, I’m just nervous if it’s the right move. What do you lads think?

[Anonymous No.15767261]

>>15766686
You must be 18 to post here buddy guy

[Anonymous No.15767296]

>>15767261
I’m just FUDing a mortgage cuz I’m scared of the debt anon and trying to see the bigger picture. I will say it doesn’t really seem like something necessary though. Like I said in my post here>>15767193
I’m just trying to decide on which move I make.

[Anonymous No.15767335]

>>15767188
This is not tasteful.

[Anonymous No.15767452]

In a few years a single Bitcoin will buy what’s in OPs pic. That’s when the next housing boom will take place.

[Anonymous No.15768330]

>>15767335
If it's tasteful enough for Uncle Phil it's tasteful enough for me, shithead.

[Anonymous No.15768333]

>>15766817
If you are paying rent in a single family home, you are essentially paying your landlords mortgage on the property. Were you to save up and make a down payment on a house and then pay mortgage instead of rent, it might be altogether smarter for you because your payments would not be used solely for housing, the money would build equity in the house which you can use later.

Now I must say, in many markets right now it is much smarter to rent than to buy. Specifically because the next generations are very poor, there are not enough rich millennials and Zoomers to buy all the boomer houses. When all the boomers retire and are looking to downsize there will be a rush of homes on the market and few buyers, leading to a big drop in prices....at least that’s the theory. Here in Silicon Valley, prices will never go down because a steady stream of international buyers and tech companies keeps the market high.

I do recommend buying over renting generally tho, especially if you are younger. If you make the right moves in your 20s, you can own the world in your 30s.

[Anonymous No.15768340]

>>15768330
based

[Anonymous No.15768364]

>>15766604
Sick of this "millenials are killing x" shit. As if we're somehow responsible for boomers' industries and shitty products failing.

[Anonymous No.15768367]

>>15766604
>buying anything other than blocks of houses with apartments for profit.

[Anonymous No.15768375]

Inflation gives you equity too. So you are not only gaining from paying down the loan

[Anonymous No.15768639]

Just an example of a market where renting makes sense: Honolulu
Prices are ridiculously inflated. Average home in disrepair costs $1mil.

>Rent for a 2bed apartment:
$1800 / month
>Market price of the unit:
$446,000
>HOA for the building:
$900

With a $90k down payment and 30 year mortgage @3.5% owning would cost $1925 / month. HOA always increases annually.

[Anonymous No.15768648]

>>15766663

Equity doesn't exist. Taxes negate it completely

[Anonymous No.15768667]

>>15766604
>YOU WILL BUY THE ABOMINATION HOUSES THROUGH MY BANK GOYEM, AND YOU WILL EAT THE BUGS!
sad, really

[Anonymous No.15768716]

>>15766604
Sorry you faggots are poor.
>be me
>not be retard
>start business
>work my ass off
>earn healthy income
>buy $1.3M house
>buy 7 investment houses straight cash that pay my mortgage on my primary. Literally living rent free.
>rent to faggots like OP

but muh it's not fair, you have more money than I do to buy a house. If only they would raise the minimum wage. Die in a fire you lazy commie faggots.

[Anonymous No.15768730]

>>15766604
The future is doing less w more. McMansion is stupid and for losers. Don’t fall into that trap. Buy something reasonable size, 2k sq feet is enough for a family

[Anonymous No.15768781]

>>15768364
Threadly reminder that Millennials have the power to end the Boomer forever

[Anonymous No.15769004]

>>15768330
>tasteful enough for a nouveau riche black guy

[Anonymous No.15769170]

>>15768333
I’m in an apartment anon I don’t care about the “home ownership American dream” meme. I’m considering buying a duplex and renting out one of the units though it just barely seems worth it considering how much internet you have to pay as well as factoring in repairs and maintenance.
>>15768716
You paid 1.3 million for a house and you are calling other people retards? Be honest did you have “help” from family starting your business? Or did you pick yourself up by your bootstraps? I’m by no means poor I’ve got a 6 figure net worth at the age of 28 housing literally seems like buying boomer bags at ATH is all I’m saying.

[Anonymous No.15769210]

>>15766604
Well brainlets on 4chan never seem to be able to see that there are both positives and negatives.
Renting gives you the flexibility of movement as well as not having to worry about as well as (depending on downpayment and interest rate) you could be paying less allowing you to save and invest the money you would otherwise be spending on a mortgage
Where as if you know you will be living in the same place for man years OR have a large downpayment a mortgage allows you to gain essentially invest the money from your mortgage into a real asset that will hopefully gain value every year

Or just wait untill all the boomers die and there is an excess supply which is what I am doing

[Anonymous No.15769244]

>>15766663
Renting allows you to move easily to find better jobs though. Staying put is once you feel comfortable, which is increasingly difficult in the current economy. The only way to get ahead now is to move constantly for better and better jobs. Unless you have one of those telecommute unicorn jobs.

[Anonymous No.15769253]

>Biz shills link nonstop
>Oh what's this OMG link is mooning who could have possibly predicted this

How are you on this board and DON'T have $80K+ for a downpayment?

[Anonymous No.15769267]

My parents expenses since buying t is new house
>the entire geothermal unit for the poo and air conditioning went for two weeks after purchase costing $40k
>roof repairs cost $600
>pool pump died $cost unknown
>fridge died $6000
>1 of the 6 garage door motors died $cost unknown
>endless bags of salt for the Jr Olympic sized pool

And that's just the stuff I know About. They spent more money in six months than I would spend renting in 4 years at my somewhat luxerious downtown apartment

[Anonymous No.15769298]

>>15767188
They're a symbol of wealth in 2005.
Pic related is a symbol of wealth from the 1920s.
I don't see a lot of mcmansions surviving beyond the next 2-3 decades. Shoddy construction, absurd maintenance costs, lack of buyers, sky-high property taxes.

[Anonymous No.15769304]

>>15766663

fpbp

renting is the ultimate jew - only and always only allows access and never ownership

[Anonymous No.15769337]

>>15769304
rent allows you to exit
if you own you are at risk of censure

and now entering socialism, you own nothing, enjoy the 2%-4% per year jew, while I exit

[Anonymous No.15769353]

>>15769304
ohh and to liquidate
it will take 1 to 2 years and you will be at a net loss and loss of opportunity too

[Anonymous No.15769360]

>>15769267
Nobody ever talks about this, they just shill for houses because the Jews are desperate to sell them at ATH. Housing will be reasonable once the boomers die off. My dad is leaving me a house and I’m almost hesitating on it just for the amount of work that has to be done on it. Roof collapsed in one part of the house, pipes are fucked due to subzero temps, floor is sinking in some rooms, and one of the bathrooms is literally ghetto rigged and barely works without flooding the place, since it didn’t come with the house originally.

[Anonymous No.15769368]

>>15766768
What blog is it?

[Anonymous No.15769387]

>>15767452
i need this to be true so bad. i feel like my .83 btc will never get me anything worth having. i don't need a mansion, just something to live in comfortably with my white gf.

[Anonymous No.15769397]

>>15769360
What did the anon say? The post was (((deleted)))

[Anonymous No.15769425]

>>15769397
here I copied it

My parents expenses since buying t is new house
>the entire geothermal unit for the poo and air conditioning went for two weeks after purchase costing $40k
>roof repairs cost $600
>pool pump died $cost unknown
>fridge died $6000
>1 of the 6 garage door motors died $cost unknown
>endless bags of salt for the Jr Olympic sized pool

And that's just the stuff I know About. They spent more money in six months than I would spend renting in 4 years at my somewhat luxerious downtown apartment

[Anonymous No.15769497]

>>15766604
Being a home owner is a pain in the fucking ass.

There is always some bullshit to deal with and the home service industry is a fucking joke filled with fuck offs that do not answer or return calls etc..

[Anonymous No.15769508]

>>15769497
>There is always some bullshit to deal with and the home service industry is a fucking joke filled with fuck offs that do not answer or return calls etc..

You just described dealing with most landlords

[Anonymous No.15769518]

>>15769508

I never had any problem with land lords.

After another year is up I am selling this fucking place and am going to rent again.

[Anonymous No.15769538]

>>15769425

Sounds like your parents are just morons. Sorry but that's convincing enough to give away thousands of dollars a month that you'll never see again to some jewlord when you could be gaining equity in a property of your own

[Anonymous No.15769544]

>>15769508
At least with landlords you can threaten them with a lawyer into doing what you need done and you can get ahold of them. For your house you’re kind of at the mercy of various contractors who have some random Mexican working on something important because they don’t want to hire white people. Then if you want to threaten legal action it’s impossible to know who to even talk to.

[Anonymous No.15769547]

>>15769425

Sounds like your parents are just morons. Sorry but that's not convincing enough to give away thousands of dollars a month that you'll never see again to some jewlord when you could be gaining equity in a property of your own

[Anonymous No.15769549]

>>15769544
>hire white people

This is another thing that has pissed me off, it is not even possible to find white workers in Texas, it is all shit spics.

[Anonymous No.15769555]

>>15769544
>At least with landlords you can threaten them with a lawyer into doing what you need done and you can get ahold of them.

Who wants to go through all that bullshit? Lawyers are expensive.

[Anonymous No.15769556]

>>15769538
You have to pay on a house too. At least with an apartment you have actual freedom of movement which is more important than being tied by debt to a single place for most of your life. The original meaning of the word “mortgage” will tell you that.

[Anonymous No.15769559]

>>15769555
Implying you would even have to go though any of that, landlords are really not a problem.

[Anonymous No.15769565]

>>15769555
I got a lawyer who handled my case for free when I had mold in my apartment. I didn’t have to do anything unless they won, which they did. It also got me my deposit back and some extra cash. How do you live in America and have never taken someone to court? lmao

[Anonymous No.15769571]

>>15769556
>mortgage
Combination of mort and engage hey?
fucking lol never even thought about the etymology before

[Anonymous No.15769591]

>>15769571
It means “death pledge”. Everyone who gets one fell for the bait of banks. At least I’ll get a house in my name when my father dies, but even then it’s barely worth it.

[Anonymous No.15769639]

>>15769565
Congrats for being a faggot.

[Anonymous No.15769718]

>>15769425
>>15769497
>>15769591
Yea I’m leaning towards all of this I don’t care at all about owning a house, there are multiple billion dollar industries that all depend on goyim taking on a (((mortgage))) and the only people I see shilling for houses are home owners too stupid to see that for the first decade 70% of their mortgage is spent paying the interest to the bank. Sure if you have 100k to put down and can pay off the rest in a decade do it but where I live you can’t find anything that isn’t a shit hole for under 250k unless I want a 1 hour commute each way. My rent is dirt cheap, I have 0 interest in playing keeping up with the jonesburgs and the only reason I even wanted to own property was rental purposes until my realtor just told me commercial properties require a typical 20%+ down payment on a 300k property with anything more than 3 units. Shit just seems like a giant scam to keep goyim from building wealth. Keep the average people priced out from owning property you would actually see returns on its a fucking joke.

[Anonymous No.15769727]

>>15769639
I’m guessing your a landlord who hates being held accountable for their shit? lol sucks to be you. I taken advantage of cunts like you when you screw me over and I’m glad to do it. You should be happy I even pay my rent on time considering what you guys get away with.

[Anonymous No.15769752]

>>15769727
No I just don't have this attitude that landlords are some kind of problem that I need to be against and fuck over.

[Anonymous No.15769753]

>>15769718
I don’t want to sound like a bitter poor fag coping either. I have a 6 figure net worth I just think I can make more money investing in stocks and crypto than a house while prices are so fucking high. For anons that own houses if they truly make you happy I am glad for you and wish you all the best, it’s just frustrating seeing how much interest and bullshit goes into real estate.

[Anonymous No.15769763]

>>15769727
You are just nigger that thinks you are owed more than you are.

You also think that landlords are the only reason rent is so high. grow the fuck up and learn about reality.

[Anonymous No.15769787]

>>15769763
The reason rent is so high is because every home loan is a leveraged long position on an illiquid housing market.
The prices literally cannot go down without causing massive panic. With panic and an illiquid market, well I don't need to explain to any crypto user what can happen.

[Anonymous No.15769796]

Recently purchased a home for $280k in a recession proof city (think hard enough and you’ll probably figure out why) because my landlord wanted to increase my rent from $1500 to $1750 and I don’t live in a $1750 home. Put $14k down including closing costs and shit and now I have a home. Mortgage is 3.15% and including everything it’s $1590 a month. Once PMI is over It’ll closer to $1350 a month. My plan is to live in it for the next 5 years while I grow my career (I’m 23 years old) and move up at my job. I plan to purchase a nicer home closer to work (currently this one is 10 miles south but with traffic it’s about 45 mins each way) and rent this house out. The subdivision is brand new in a 4 phase construction process. It’ll include a dog park, pool, clubhouse and BBQ area. Once all of that is finished I’m optimistic both the value of the home will increase 5-15% in that 5 year span and I’ll be able to charge around $1600-$1800 a month for this three bedroom.

Why did I buy a house right now? Because I can’t afford to rent in the town I work ($1800-$2500 a month for an apartment) and I plan to stay with the company I work for for a very long time. Our work is recession proof so I’m not worried about my job plus we have some intense industry demographic tailwinds coming our way.

[Anonymous No.15769801]

>>15769763
I’m owed an apartment that isn’t infested with mold when I move in as well as mice infestations. You do realize an apartment has to be LIVABLE, right? Fucking slimeball. I hate your kind. You’ll never win in court anyway with your retarded logic, otherwise I would have lost my case.

[Anonymous No.15769810]

>>15769796
I also bought because rent was higher than the mortgage, too bad maintenance bullshit blew that shit out of the water.

This year I will have paid more than I would have had I just continued renting.

[Anonymous No.15769819]

>>15769801
Your are a kind I am not.

Simply not agreeing with your nigger I am owed I fuck people over mindset does not mean I am a fucking landlord.

Choke to fucking death on your next taco.

[Anonymous No.15769827]

>>15768781
Boomer genocide when?

[Anonymous No.15769832]

>>15769810
Did you buy a new home? What went out on your place when you moved in?

[Anonymous No.15769837]

>>15769819
By that logic, while the landlord doesn’t owe me anything, neither do I owe them anything either. Dog eat dog world, get with the program, cunt. If you want to be treated with respect, give me an apartment that doesn’t look like nigger trash and I’ll be the best tenant you could ask for.

[Anonymous No.15769861]

>>15769832

Every single water shut off in my house was stuck because of hard water and lack of softener in the past. $1200

The fence on the side of the house went tits up after a hard storm. $300

The AC drip pan overflowed and cause ceiling damage, $1600

The lawn had to be completely replaced because it died due to the summer drought and lack of watering. $800ish

The lawn is my fault I guess.. I would not even care about it but I have neighbors bitching about it..

[Anonymous No.15769868]

>>15769837
>give me an apartment that doesn’t look like nigger trash

LOL how about not mindlessly taking a place without viewing it nigger?

[Anonymous No.15769886]

>>15769868
You can’t see mold that’s behind walls. That was the issue I had with my place. It’s only after testing it for mold that you know, which is the landlords job to do before a tenant moves in. That’s why my case was so easy to win.

[Anonymous No.15769901]

>>15769886
Gloat if you want, you like to fuck people over then you will also be fucked sooner or later.

[Anonymous No.15769906]

>>15769718
mrfreeat33
https://youtu.be/jX2l5GdB6sI?t=5368

[Anonymous No.15769916]

>>15769901
you are getting fucked either way goy

also the reason why property has any value at all is because there are people, we are in a massive population decline right now, but it will only become evident in 20 or so years

[Anonymous No.15769930]

>>15769901
The landlord is supposed to make a good faith effort to fix the issue. I gave them 3 months to fix it. I documented all issues and went to a lawyer after the 3rd time I asked them. It’s not hard to follow simple shit like call someone over to look at it. They just wanted to ignore it and hope I would stop bothering them.

[Anonymous No.15769970]

>>15769906
Just invest in stocks, sure you can lose it all but who cares?

[Anonymous No.15770042]

>>15769368
McMansion Hell

[Anonymous No.15770745]

>>15766686
>(a new roof or water cooler is an easy 5k set back)
Water cooler? You're so fucking dumb that your parroting of reasons not to own and build equity aren't even in the right universe. The joke is that I make money hand over fist because of braindead faggots like you, renting out homogeneous properties that require "little to no maintenance". Your ignorance on what maintenance costs and labor really are are what keeps me rich. Thanks anon!
>t. landlord that owns 3 different bland boring ass properties in NJ and lives in NC and doesn't have to work, thanks to Millenials.

[Anonymous No.15770820]

Every Chad knows the true red pill is buying to let

[Anonymous No.15770864]

What about buying a condo? I live in NYC and most properties are condos or co-ops.

[Anonymous No.15770980]

property is a scam, but if you still want to live in a country that has jews, then either you pay scam rates in rent, or you join the scam and buy a house.

generally owning is always better... however if you want to live somewhere where the property prices are actually declining, its better to rent.

[Anonymous No.15771023]

>>15766604
Who did Marx call out in Das Kapital? Money lenders and.....wait for it.... landlords.

Be a money lender, be a landlord. FFS fampai the instructions to capitalism are right there.

[Anonymous No.15771063]

How do I find a duplex

[Anonymous No.15771150]

>>15766604
i did all the research on it as well and came to the conclusion that renting is a much better deal - unless you find some dream house you'd want to retire in and spend like 20+ years in but with how today is being able to pick up and move where the work is, means you have far greater security then being anchored to a property you are paying excessive interest just for the illusion that you "own" the place. protip: actually owning property in any first world country is IMPOSSIBLE. you are only renting the land from the govt, if u fail to pay, it gets taken from you and then auctioned off. etc.

So my living strategy as a bachelor is just with really nice apt complexes. I pay $1100 for a AAA apt complex. Got an exceptional pool, billards room, club house, hot tubs, exercise room, and spa. I don't have a yard to mow, i dont have to maintain the property from a technical standpoint, its higher profile so none of my neighbors have criminal records, etc. Everyone has a good job - none of the downsides of being stuck with neighbors I dont like if i would have bought a house, etc.

So I'm spending like $13k/yr just on living expenses but I get all these amenities that if i were to own a house, would cost me a small fortune to have, and in the end i couldnt actually really own them.

tldr; buying a house is for retirement purposes only - you can save more money by just renting a high end apt - as your youth is entirely for working hard and wisely investing.

[Anonymous No.15771156]

I bought two houses in the "hood" of DC for $135k and $210k respectively back in '09 and '15. Now both of these places are worth over 450k. I rent the second house out to government employees to keep the section 8s out.

Houses in the DC area will still get even more expensive due to Amazon coming in.

[Anonymous No.15771233]

>>15770745
Oh so you got to buy during the 08 crash when property was the cheapest that it’s ever been? Did you read any of my other posts you retard? Also what part do all of you not get that for the first DECADE you aren’t building “equity” 70% of your mortgage payment is going to the fucking bank. Read this post >>15769718
As far as commercial loans go you retarded faggot sorry I’m unwilling to put down literally 80k to even qualify for one of the commercial loans so I can buy rental property that’s worth it. When BTC takes off I may be singing a different tune.

[Anonymous No.15771274]

>>15769901
You are a true fucking idiot.

[Anonymous No.15771309]

>>15766604
>Boomers spend their youth making media that complains about consumerism and "the man, maaaan," including soulless shit like McMansions, big box stores, and fast food
>"Millenials" (really Gen Z by now) start actually getting rid of these things boomers spent their whole pathetic lives complaining about
>REEEEEEE NO YOU CANT DO THAT FUCKING MILLENIALS STOP IT REEEEEEEEE
I fucking hate boomers so goddamn much.

[Anonymous No.15771343]

>>15771156
great foresight anon
well done

[Anonymous No.15771347]

>>15771309
Thank god those scary millennials spared the wine cork

[Anonymous No.15771529]

>>15771343
Thanks. A lot of people gave me the third degree about moving into the ghetto (Its not that bad actually) but at the time I was just tired of dealing with the shit commute in this area so I bought something that was close in to work.

Now believe it or not there are still prime investments to be had in this area but they are outside of DC proper but right on DC's borders. One is a town called "Capitol Heights" the other is called "Suitland". Both of the areas are in the "hood" part of Maryland but both areas are in extremely convenient locations. For Capitol Heights, there is a metro station with its name sake which is a 5-10 minute walking distance of the homes in the area along with a road (East Capitol Street) that leads you right into Downtown DC. Suitland is the HQ of the US Census Bureau and has a metro station with its name sake connected to it along with this area being connected to the "Suitland Parkway" which also leads into Downtown DC.

You can find plenty of homes in these areas for under 300k.

[Anonymous No.15772136]

>>15769970
after you make it to $1M, keep a base amount of money in cash or bonds at all times. Something like $200k.
Sure it will depreciate, but its a backup plan. if your stocks get fucked it gives you enough time to retrain in the workforce without settling for a minimum wage job.

[Anonymous No.15772371]

>>15766604
I bought 3 apartments for 20k down each and each and they have doubled in value and I get cash flow out of them each week while paying down the mortgage at the same time.

Jew scam indeed

[Anonymous No.15772466]

>>15766604
Buying a home is the dumbest shit you can do. That's like buying a diamond ring from debeers. Pure. Overpriced. Retail. Luxury. Garbage.

Putting your life savings into an illiquid cashflow-negative liability is retarded.
Just consider the lost time value of your downpayment at even 5% compounding rates. You are basically throwing growth away for an inflation hedge in an increasingly-likely deflationary environment.

Put that cash into literally any performing asset or endeavor and you will be intimately better off.

[Anonymous No.15772485]

Booming economy: save money and live somewhere as cheaply as possible,

Bad economy: buy a home at a good price from a desperate seller.

I'm currently living in my gf parent's basement with her. And i make 90k a year. All I'm doing is saving. When this thing falls apart I'm buying a hose for cheap.

[Anonymous No.15772507]

>>15772485
>hose
Rope is much better suited to necking oneself.

[Anonymous No.15772530]

>>15767188
>tasteful

absolutely not

[Anonymous No.15772561]

>>15766604
You should only buy if you have the money to buy it outright. Even then you're paying very inflated prices.
Just wait for the financial system to collapse and buy a house with a few gold coins

[Anonymous No.15772578]

>>15772485
Foreclosed homes are incredibly cheap.
Just look around for some if you are that dead set on buying a home.

[Anonymous No.15772653]

>>15772466
>illiquid
yes, the big downside of real estate

>cashflow-negative
only if you never rent it out

>liability
lol no

> lost time value of your downpayment at even 5% compounding rates

while pissing away a rent check every month that you have ZERO chance of ever getting any percentage of back. a place to live is a sunk cost, you pay for it no matter what. you buy the house to build equity on the mortgage instead of flushing it away on rent.

you also only put as much downpayment as you need to secure affordable monthly payments, when you compare those terms to say the margin account terms of a stock broker, you will see that a mortgage is literally the best form of leverage available to average joe's.

[Anonymous No.15772863]

>>15772371
Again when and where did you buy them? I could buy shithole apartments in niggertown for that price too but then I would have to rent to welfare queens who will trash the place with their niglets.
How is rent throwing your money away btw? You literally need somewhere to live unless you want to stay in a tent or parents basement which I just can’t do past the age of 28. Seems like the only people that are obsessed with owning houses are shabbos goy normies that bought one because that’s what everyone else did.

[Anonymous No.15772913]

>buy bad house, make it good house.
>sell.
>therefore buyer pay me to live in the house.

do you dimwits even know what business is, fucking rent and new builds? keep wage cucking linkmarines

[Anonymous No.15772941]

>>15772578
they're not. they go up for auction and are bid up to their market value.
i've never seen one that auctioned for much lower than it was worth

[Anonymous No.15772967]

>>15766686
U mad bro?

[Anonymous No.15773002]

>>15766604
>Buy a house on 30 year mortgage
>5-10 years later, brown people start to move in
>schools start to suck, violence and welfare payments increase
>Still have another 20 years paying off that jew loan
But my house's price will continue to go up JUST BECAUSE

[Anonymous No.15773047]

>>15772863
Gentrification my dude. Be that white guy who pushes the nigs out by raising rent and fixing shit up.

[Anonymous No.15773069]

>people ITT actually think having a perpetual mortgage is a bad thing

The absolute state of /biz/

[Anonymous No.15773203]

>>15773002
Well as a poorly built softwood monstrosity expertly crafted by the most caring of drunkheroin wetback, it's quite obviously an appreciating asset.

Who in their sane mind WOULDN'T pay 400% (inflation adjusted) for 40 year old plumbing, styling, architecture, and general civil planning? Fucking millennial scum I need this goddammit why won't you save me fuuuuck.

[Anonymous No.15773301]

>>15766686
Water cooler

[Anonymous No.15773407]

>>15773002
start fires

[Anonymous No.15773447]

>>15769298
kek looks like the front of the country club

[Anonymous No.15773458]

>>15766604
>millennials
>worthy of having homes

no, millennials are not humans and should be treated as such

[Anonymous No.15773621]

>>15773407
>start fires
why?! and ruin the investment on the home I bought that always increases in value?!

[Anonymous No.15773821]

>>15769796
>recession proof
I don't think your city or your job are recession proof, anon

[Anonymous No.15773919]

I don't think I could really come up with a worse idea for an investment than a house.
>it's really complicated to buy and sell
>you need a large amount of cash up front just for the privilege of taking on massive debt that is usually repaid over 30 years
>stays in one place and can never be moved
>doesn't produce anything of value by itself
>you have to constantly pay more money just to keep it
>hefty taxes on it every year
>fragile, can break, fall apart, burn down and otherwise suck up more money
>it can devalue based on factors completely outside your control (bad neighbors, huge company leaves the area, environmental factors)
>appreciates less than inflation
>have to mow the fucking lawn or your neighbors will complain

>b-b-but don't you want to OWN a HOME and raise a family in it?? don't you want to
yeah fuck off boomer

[Anonymous No.15773921]

>>15768781
>Municipal marmalade

[Anonymous No.15774140]

You ARE mortgaging the top of the market right?

[Anonymous No.15774168]

>>15766604
Down payment is also a Jew scam. If you can't afford to buy a house in full you shouldn't be buying a house

[Anonymous No.15774204]

there's no better NEET dwelling than a modern "trailer" home. they look identical to a stick build house nowadays and are a fraction of the price thanks to boomer stigma against them

[Anonymous No.15774360]

>>15768781
>the generation that recklessly borrowed against the future, and outsourced everything for short term gain is upset that the future generations aren't blowing money (that they don't have) on the same frivolous shit that they did.
just die already, boomers.

[Anonymous No.15774424]

>>15773203
You aren’t paying a premium for the structure, your paying it for the location and zoning. A stick frame 1200 sqft house is like $25k in materials. But you know that and are just being snarky.