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/biz/ - Business & Finance

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19776263 No.19776263 [Reply] [Original]

If you make 12 dollars an hour you can afford a $110,000 house.

12/hour = $1500 a month after taxes

Mortgage: $550
Homeowners insurance: $100
PMI: $100
Property Tax: $100
Monthly Repairs: $100

You still have $500 left over for food and other expenses. There is no reason to be a rentcel in today's day and age.

>> No.19776325

>>19776263
> a $110,000 house
Jeez anon maybe there's a really good reason why a house would be that cheap?

>> No.19776407
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19776407

>>19776325
>cheap mean bad. expensive mean good!

>> No.19776435

>>19776325
Also what the fuck, 500 is not enough for utilities, food and gas. You 100% live with your parents if you think that 500 dollars is enough.

>> No.19776468

>>19776263
you can't live by yourself with that wage, you have to marry a gay guy

>> No.19776475
File: 18 KB, 815x396, Screenshot_2020-06-17 average utilities cost - Google Search.png [View same] [iqdb] [saucenao] [google]
19776475

>>19776435
>You 100% live with your parents if you think that 500 dollars is enough.
no you're just bad with money.

>> No.19776542

>>19776475
If you buy a house that cheap it has to be in the middle of nowhere so you need to add the price of owning a car (repairs and maintenance) and gas for said car. and then you still need to eat with the few bucks you have left if any.

>> No.19776575

>>19776542
>If you buy a house that cheap it has to be in the middle of nowhere
wrong

>> No.19776580

>>19776475
Now add the cost of internet. And gas. And car insurance. And food.

Holy shit it's so obvious that you live with your parents and you have no idea how much things actually cost, just leave.

>> No.19776588

>>19776263
Pull up real Zillow ads with these houses or stop wasting our time with this spam

>> No.19776656

>>19776580
food:200
internet:50
gas:70
car insurance:100
electric: 87
water:37

total: $544

Sorry idiot, go take a personal budgeting class or something. Just because you're dogshit with your money doesn't mean everyone else is.

>> No.19776732

>>19776656
>You have $500 left over
>but you need $544
You don't see anything wrong with this?

>> No.19776759

>PMI
Banker shill get the fuck out

>> No.19776760

>>19776732
>You don't see anything wrong with this?
solved by picking up an extra 4 hour shift once a month.

>> No.19776761

>>19776263
If you want to live with a 1 hour drive to the grocery store. High paying jobs demand that you pay a little more in housing. If you're going to retire, you can do this to minimize your expenses, but if you have enough money to retire you can also afford to live in civilization.

>> No.19776781

>>19776656
ok and i guess your mom will be paying your car and any repair you have to make? You wont ever buy a computer or phone to shitpost online? Never ever pay for any activity / new furnitures / anything at all? Good plan!

>> No.19777094
File: 2.41 MB, 300x200, ur a fagit.gif [View same] [iqdb] [saucenao] [google]
19777094

>>19776263
Oh look, you stopped making this thread with a thot picture.

Daily reminder that OP is a faggot and makes this thread every day without fail, for over a month straight. He is a liar and a child. He doesn't actually own real estate, and will never sack up and prove otherwise by posting time stamped pictures of his loan with terms, or a title. At most, he will post random pictures of houses, google results for loan terms he doesn't understand, or a random notary page.

It is possible that buying property right now is the right move for someone starting a family and putting down roots. But the market has been heavily inflated with QE money and foreign capital for a decade now. There are unironically desperate boomers trying to shame you into buying their incredibly heavy bags, before the bubble pops and and drops their only asset by 90%. Wait for the depression and pick it up on discount.

>> No.19777201

>>19776263
$110k house

LMAO yeah. those are available in fairytail land.

>> No.19777211

>>19776263
simple anon math
just buy a house, easy
fuck this

>> No.19777223

>>19777201
They exist, but if you are going to retire you can buy them in cash.

>> No.19777297

>>19776263
Nobody will qualify for a 100k loan making $12 an hour, you dumb fucking cunt. Go back to /pol with your dumbass trolling.

>> No.19777402
File: 70 KB, 1471x553, mortgage.jpg [View same] [iqdb] [saucenao] [google]
19777402

>>19777297
$12 an hour * 2080 hours / 12 months = $2080 a month * .4 max qualifier = up to $832 monthly payment

I would see no reason other than if you have existing debt like student loans.

>> No.19777747

>>19777402
You're a kid that's never even applied for a loan.

>> No.19778099

>>19776263
All the recent real estate shilling is making me less inclined to look for a house and continue to enjoy not worrying about maintenance or taxes

>> No.19778201

>that fag who for some reason is so desperate to convince us all we should buy a house ASAP

my rent is cheap, and buying a house involves bunch of paperwork and research that I can't be arsed to do. Also, i'm trying to live my life without seeking validation of your spastic approval.

>> No.19778522
File: 3.97 MB, 256x320, DapperAssuredApatosaur-size_restricted.gif [View same] [iqdb] [saucenao] [google]
19778522

REAL MartgageChad™ here

I'd just like everyone to know OP is an imposter

even in my *daily* Rentcuck threads I ALWAYS provide an original OP, not regurgitated garbage like this thread.

>> No.19778581

>>19778201
Plus it's less risky to put money in REIT

>> No.19778612
File: 736 KB, 1080x1262, 1556039246489.png [View same] [iqdb] [saucenao] [google]
19778612

>>19777747
>I-I'll just show them my Yu-Gi-Oh card collection. That should be enough collateral, r-right?

>> No.19778691

>>19778522
>>19776263
Who do you guys work for? Who pays you to make these threads every single day?

>> No.19778696

>>19776263
No, I don't think I will. I don't think I'll contribute to a system like that and there is nothing you can do about it.

>> No.19778839

>>19777201
there's all this empty land between San Francisco and New York that no one wants to live in. that's where the cheapie houses are. A lot of them are nice places.

>> No.19778855

>>19776656
>food:200
is it true that americans eat literal garbage? i pay ~$500 for groceries per month

>> No.19778857

>>19778691
cyn·i·cal
/ˈsinək(ə)l/
adjective
1.
believing that people are motivated by self-interest; distrustful of human sincerity or integrity.
"her cynical attitude"

>> No.19778910

>>19776263
I would rather live in a van @1500/month than rent/buy

>> No.19778949

>>19776263
I looked up the area that house is in.
"For Aliquippa, we found that the violent crime rate is one of the highest in the nation"
"based on the number of murders reported by the FBI and the number of residents living in the city, NeighborhoodScout's analysis shows that Aliquippa experiences one of the higher murder rates in the nation when compared with cities and towns for all sizes of population"
If you go on google maps street view its nothing but black people walking around.

>> No.19779081
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19779081

>>19776263
That's $850/mo total that you'd owe on your morrgage (insurance, PMI, and tax is escrowed). At $1500 income/mo, that's a debt/income ratio of >50%. Find me a lender that will approve a mortgage with 50% DTI, probably $0 down and average credit, and I'll buy your shithole house.

>> No.19779190

>>19776656
Car insurance for a lot of people is not a measly $100 a month you fucking neet. Car insurance is around 200-500 a month

>> No.19779559

Alright, someone posted a thread yesterday about buying a house for another ridiculously low number. Where the fuck do you think you're buying a house for only $100k? Siberia? Somalia? Even the cheapest houses I've seen that are even worth considering are 2+ hours from the city and $200k+ minimum, actual houses are $300k-400k.

>> No.19779617

>>19776575
ok,then probably in the middle of the ghetto

>> No.19779642

>>19777402
jesus christ look at that jew interest

>> No.19779721

>>19776263
Which is exactly why I am saving for a home owners loan so I can pay the 3% down payment.

>> No.19779754

>>19776263
>12/hour = $1500 a month
>Homes are 110k

You must live in Podunk Oklahoma. WAfag reporting here. $15/hour comes out to about $1500 after taxes working a 40 hour week here, and the cheapest homes I've found within range of any work are $350k and up. You might be able to find something out in Cle Elum for $150k, but then you're gonna have to drive two and a half hours to work and another two and a half hours back, and take the pass every day.

TL;DR This works, if you're independently wealthy so that you don't have to rely on wage labor while living in a low-cost area. Good luck finding that $12-15 an hour in Louisiana though. Minimum wage there is still $7.25/hr.

>> No.19779761

>>19777094
Accurate.

>> No.19779778

>>19776575
>Hey guys, you can get a house right in the middle of the city, near solid work, in a part of town where you won't be shot at walking home every single night for a fifth of the price of every $500,000 home in the exact same areas!

No.

>> No.19779803

>>19779190
The fuck? I pay 1k every six months for two vehicles both over 15k and under 50,000 miles

>> No.19779806

>>19776263
not buying your bags lmfao

>> No.19779830

>>19779778
I never said any of that. Obviously a 110k home will require that you make some sacrifices. You can't have your cake and eat it too

>>19779754
>You must live in Podunk Oklahoma. WAfag reporting here.
Wrong. You can find 110k homes in any state that are completely fine.

>> No.19780028

>>19779830
Can you find a 110k home in Southern California? I’m genuinely curious

>> No.19780104

>>19780028
Found some trailers for that much but no houses in la

>> No.19780215

>>19776760
Jesus Christ anon, you're describing living paycheck to paycheck with no savings and homelessness when you get a flat tire or tooth ache. You need roommate to subsidize your poor decision and even then it's not smart unless you bank on decent wage growth in the very urgent term

>> No.19780256

Such an obvious bait thread. You can barely afford not dying on a measly $1500/month. Plus everybody is waiting for 100k to enter the housing market.

>> No.19780379

>>19779081
This. OP passes arithmetic and cock sucking, but basic finance is not his forte.

>> No.19780388

>>19776263
In West Virginia or Missouri maybe Mississippi. Who wants to live there?

>> No.19780428

>>19776263
That house would be $250k where I live.

>> No.19780566

Based housing shill is back

>> No.19780612

>>19776263
You have to be 18+ to post on 4chan kiddo.

>> No.19780619

>>19776263
maybe in a 3rd world country.

>> No.19780622
File: 1.07 MB, 916x1006, Screenshot_2020-06-17 Imperial County CA Single Family Homes For Sale - 5 Homes Zillow.png [View same] [iqdb] [saucenao] [google]
19780622

>>19780028
Yes.

>> No.19780709

>>19780215
>Jesus Christ anon, you're describing living paycheck to paycheck
that's the average person in the US. I'd rather live paycheck to paycheck owning a house than live paycheck to paycheck living in an apartment, paying for someone else's mortgage

>> No.19780825

>>19780709
Why not live at home for free. I don't pay the bank jew or the landlord jew

>> No.19780860

>>19780825
>Why not live at home for free.
good luck. Most boomers charge their kids the same rent rate as your average apartment.

>> No.19780913

>>19780622
>5 results
What's the population of Imperial county?

>> No.19780951

>>19776760
>>19780215
Or just suck two cocks for 25$ each.

>> No.19780973

>>19778691
https://www.youtube.com/watch?v=A25EUhZGBws
This guy.

>> No.19780991

>>19780973
>>19778691
Oh and in real life both those guys are Jews.

>> No.19780996

If you make $12 an hour you can get a better fucking job and make more money. Fuck lol, minimum wage is what, got to be like $30/hr now right?

>> No.19781007

>>19777094
There is massive vested interest in keeping housing/stocks inflated forever. Infinite immigration, QE, boomers selling their bags, corporate bailouts, etc.

I think it is more likely that WW3 will break out before those in power let asset prices crash. It's kind of insane how literally nothing is allowed to crash anymore, almost like those in power are trying to maintain the status quo at our expense. There is no future, we were born slaves.

>> No.19781428

>>19776407
>cheap mean bad. expensive mean good!
Unironically, yes.

>> No.19781448

I make $90k/yr after taxes in Pasadena, CA. Find me somewhere I can afford within 30 min that's not next to niggers.
If not fuck off with this thread.

>> No.19781541

>>19780913
~180,000, on the border with Mexico in the highest area for drug and illegal trafficking

>> No.19781562

>>19776263
There’s really no point in buying a house unless you plan on starting a family.