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/biz/ - Business & Finance

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16754340 No.16754340 [Reply] [Original]

You can't fucking live in your stocks and you can never be evicted, not buy with 8x leverage and do not gain a lot of boomer tax benefits, and you can not rent them out if you move to something smaller

WHy do people ONLY compare some bactraded

>hURR dURR stoCk MarkET inveSTUURs BEats HOUSSEEES

like fucking coping 25 yo autists?

>> No.16754364

people who own homes want you to also buy homes because its justify's their shitty purchase. there is no reason to own a home unless you want to live in the same location for 10 years+ or you use it for monthly income ASSUMING shit doesn't go wrong

>> No.16754387
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16754387

>>16754340
because they are literally retarded zoomers who think they know everything.

>> No.16754417

>>16754364
Look here retard, it costs less to borrow 200k than rent a 200k house for 25 years.
If you want to piss your money away on stupid shit, I can sell you a tube of tooth paste for 60k.

>> No.16754427

>>16754364
you always pay a mortgage

either yours or someone elses

>> No.16754434

>>16754417
That rent covers all maintenance and property taxes you would otherwise have to fork over as a homeowner and also you end up paying way more than 200k with the interest.

>> No.16754452

>>16754427
Yes, the main benefit of buying vs renting is that you have a chance to recoup some of the money you put into your monthly housing payment. But there's a whole lot of other factors. You could have also gotten good returns on investing that down payment somewhere else

>> No.16754660

>>16754452
Ultimately, it's just leverage. It could be good or bad. Historically we've had enough tax and other incentives to make it good in many cases.
I'll just about break even on the house I own when I sell someday. It hasn't been great, but it was cheaper than >$2.5k/mo rent and nicer than paying $750-1k/mo under the table to squat in a Craigslist room.

>> No.16754867

>>16754340
>you can never be evicted
try not paying property tax and see what happens. protip: everyone has a mortgage and never thinks about this because it's included like when you give a dog medication

>> No.16755189
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16755189

Imagine not writing off your rent as a business expensive, buyers cope.