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/biz/ - Business & Finance


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19604851 No.19604851 [Reply] [Original]

Can you not afford luxury apartments in nice areas? Is coping with your 30 year prison sentence in a flyover state too difficult?

>> No.19604899

>>19604851
I see a seething mortgagecuck thread in here everyday

>> No.19605030
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19605030

>>19604851
Renters are mortgagecels are both pathetic.

Inheritance master race

>> No.19605213
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19605213

>>19605030
There is nothing more pathetic than living your life exclusively on money you didn't do shit to earn.

>> No.19605229 [DELETED] 
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19605229

>>19604851
> tfw /rich NEET/
> tfw own an a comfy apartment and a vacation house but no mortgage
> tfw I see coping wagesluts brag about being mortgage slaves almost every day on here
> tfw when most of them think buying a house is a no-brainer because they are too dumb to understand time value of money, leverage/ risk and opportunity cost

>> No.19605268
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19605268

>>19604851
> tfw /rich NEET/
> tfw own an a comfy apartment and a vacation house but no mortgage
> tfw I see coping wagesluts brag about being mortgage slaves almost every day on here
> tfw most of them think buying a house is a no-brainer because they are too dumb to understand time value of money, leverage/ risk and opportunity cost

>> No.19605315

>>19605268
Buying houses is a no brainer: 1. If you live there no mortgage. 2. If you take out like 10 mortgages where the 9 tenants pay it and you live off the rest

>> No.19605418

>>19604851
> flyover state
I'm happy not to live in woke land. Enjoy the coming reparations cuck.

>> No.19605473

>>19605315
> If you take out like 10 mortgages where the 9 tenants pay it and you live off the rest
It's not a no-brainer though. It's the equivalent of thinking that investing in 3x leverage index funds is a no-brainer. You think it's a no-brainer because you don't understand leverage and risk/ beta. Have a look at what happened to real estate investors who did what you suggest during 2008. Many people lost millions. Something similar can easily happen again. If Corona virus had spiraled out of control then I can assure you that tons of real estate investors would have gone bankrupt.
High beta/ leveraged portfolios print money.. until they don't.. and drop to 0.

>> No.19605795

>>19605418
>TFW meet a good girl at church
>Her family is all land owning Kansans

Was it really just this easy to enter the corn field mafia?

>> No.19605844

>>19604851
I'm planning on buying two properties
Two condos to be exact. In a major city.
One condo I will buy outright and rent it to some professional like a lawyer.
The other condo I will live in so I can finally live without roommates, but take out a mortgage on it.
That way my rental income pays my mortgage.
That is only if LINK moons like we think it will.
FUCK. I can't wait.

>> No.19605869
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19605869

>There is nothing more pathetic than living your life exclusively on money you didn't do shit to earn

>> No.19605936

>>19605315
I have 120k in chainlink.
I could use 20k to “buy” a house and lock myself into paying a shit ton of interest to the bank Jew.
Chainlink could moon 10x and I’m still paying interest on my shack. That’s 200k lost.
Boomers think houses are so great because of the ridiculous return they have gotten on this shit. Real estate is not the best place to hold your money.
I’ll buy a house after chainlink moons with fucking cash. Until then I’m going to keep renting. Number one priority is to not fucking sell.

>> No.19605964
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19605964

>> No.19606156

>>19605268
Based 1% NEET