>buying vs renting

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Anonymous Sat Oct 10 11:58:33 2020 No.23173500 [Reply] [Original]

>buying vs renting

>>	Anonymous Sat Oct 10 11:59:17 2020 No.23173511 N

>>	Anonymous Sat Oct 10 11:59:53 2020 No.23173523 >>23173500 not even remotely true not paying your mortgage boomer >>23173511 I

>>	Anonymous Sat Oct 10 12:00:08 2020 No.23173531 >>23173500 now do one where one glass is empty and the other glass is full for when you try to retire on $2200/month social security and your rent is $1400/month

>>	Anonymous Sat Oct 10 12:01:51 2020 No.23173553 its sad to see so may boomers bay for a house their whole life, die, and the back gets it because it was ever full paid for. happens to 90% of home buyers

>>	Anonymous Sat Oct 10 12:03:30 2020 No.23173576 >my mortgage is £520 a month >maybe pays £800+ a month renting >heh no maintenance kek mortgage cuck! Do rent cucks actually think we spend £hundreds a month on maintenance?

>>	Anonymous Sat Oct 10 12:05:18 2020 No.23173597 >>23173500 pretty sure 20% of the people on this board would fail this test.

>>	Anonymous Sat Oct 10 12:06:27 2020 No.23173612 >>23173576 the rentcuck is too stupid to realize he's paying for everything the homeowner pays for (property taxes, maintenance, capital improvements) on top of the landlord's profit magin.

>>	Anonymous Sat Oct 10 12:06:41 2020 No.23173618 >>23173597 Well, at least 20% buy rebasing tokens, so I think you're right

>>	Anonymous Sat Oct 10 12:08:51 2020 No.23173651 >just buy a house, mortgage is only $400/month >Yes I'm completely ignoring house repairs, bullshit HOA, and property values but it's cheaper :)

>>	Anonymous Sat Oct 10 12:09:43 2020 No.23173665 >>23173500 >renting and buying are both the same >the real redpill is being homeless

>>	Anonymous Sat Oct 10 12:10:07 2020 No.23173672 >>23173651 >i don't pay for maintenance and taxes my landlord does that! where does the landlord get that money from? >uhhhhhhh....

>>	Anonymous Sat Oct 10 12:11:29 2020 No.23173688 >>23173672 >Paying a flat fee for all maintenance instead of having to pay for every repair which can go way above your line or not, your gamble UUHHHHHHHHHHHH.........

>>	Anonymous Sat Oct 10 12:12:12 2020 No.23173701 >>23173553 >Bank gets it back because 10% of mortgage remains outstanding Maybe if they had no one to claim the estate, or if the person who had rights on the estate was a complete mongoloid.

>>	Anonymous Sat Oct 10 12:13:16 2020 No.23173716 >>23173665 The true redpill is living on a cruiseship like Super Mario. Or RVing it.

>>	Anonymous Sat Oct 10 12:13:29 2020 No.23173720 >there are people who unironically come to this board to debate renting vs buying a fucking home get a fucking life faggots

>>	Anonymous Sat Oct 10 12:13:34 2020 No.23173723 >>23173688 >not understanding that estimated repairs are baked into your rent and are therefore amortized for the duration of your tenancy UHHHHHHHHHHHHHHHHHHHH HELP I'M A DUMB NIGGERBRAIN UHHHHHHHHHH

Anonymous Sat Oct 10 12:15:51 2020 No.23173760

Buying a House
>pretty much tied down to one spot for the foreseeable future
>constantly terrified of losing your job because mortgage is basically the Sword of Damacles hanging over your head at all times
>take less risks in life and career because "gotta pay muh mortgage"
>totally screwed if trashy people move in next door or even up the street
>spend Monday - Friday slaving away for Mr. Goldstein so you can pay off a house
>wake up 67 one day, life is basically over, but at least you own a place to put all your shit
>except you still pay property taxes, and if you don't they government takes it away because it was never really yours

Home ownership is for chumps.

>>	Anonymous Sat Oct 10 12:16:27 2020 No.23173770 >>23173723 >Being so cucked you think can outjew the Jew UHHHHHHHHHHHH!!!!!!!!

>>	Anonymous Sat Oct 10 12:17:50 2020 No.23173791 >>23173760 You're aware that you can sell a home that has a mortgage, correct?

>>	Anonymous Sat Oct 10 12:19:35 2020 No.23173813 >>23173791 You are aware that it's a slow, pain in the ass process and incredibly expensive, right?

>>	Anonymous Sat Oct 10 12:19:43 2020 No.23173818 >>23173500 The child is right When comparing the dimensions of the liquid in the two containers in the last panel, there's no way that extra liquid wasn't added to the taller container at some point during the second panel

Anonymous Sat Oct 10 12:19:43 2020 No.23173819

>>23173760
>>constantly terrified of losing your job because mortgage is basically the Sword of Damacles hanging over your head at all times
yes as opposed to renting where you are guaranteed indefinite housing regardless of whether or not you can pay.

Anonymous Sat Oct 10 12:21:44 2020 No.23173844

>>23173760
>Buying a House
>pretty much tied down to one spot for the foreseeable future
False but why would you buy a house if you didn't have a good career that was going to tie you down to one spot for the foreseeable future?
>constantly terrified of losing your job because mortgage is basically the Sword of Damacles hanging over your head at all times
No different from renting. The difference is if I had to sell the house I get this thing called equity. What do you get if you can't pay your rent?
>take less risks in life and career because "gotta pay muh mortgage"
No?
>totally screwed if trashy people move in next door or even up the street
Don't buy in neighborhoods where trashy people can move in.
>spend Monday - Friday slaving away for Mr. Goldstein so you can pay off a house
Spend Monday-Friday slaving away for Mr Goldstein so he can pay off a house.
>wake up 67 one day, life is basically over, but at least you own a place to put all your shit
Get your rent raised every year despite literally nothing changing. Also playing phonetag anytime something breaks because the jew landlord knows air conditioning isn't a required utility.
>except you still pay property taxes, and if you don't they government takes it away because it was never really yours
Sell home, get full value. Or, end lease and get jewed out of security deposit that sat in a shitty escrow account because there's a scuff mark on the door.

>>	Anonymous Sat Oct 10 12:23:16 2020 No.23173871 >>23173818 you can see in the second panel, there is more liquid being hidden behind the hand holding the glass

Anonymous Sat Oct 10 12:23:34 2020 No.23173875

>>23173723
>>23173612

most people are bad at accounting.
If you rent from an individual who has the mortgage they most likely haven't taken into account all the costs.

if you rent from a sophisticated person or company, they typically already own the building and aren't servicing debt. Any consistent cash flow over maintence costs is a win.

also the cost of home ownership isn't uniform. you may get hit with a 5k In maintence year. the real estate market where you live may dry up, etc

buying is cheaper when:
- you know you want to live there for 10+ years
- you have a lot of cash for a down payment
- you do your own maintence
- you get a good price when you buy. price matters way more than micro optimizing interest rates

>>	Anonymous Sat Oct 10 12:25:55 2020 No.23173918 >>23173819 Worst case scenario with an apartment is you get kicked out. You have no large debt attached to you.

Anonymous Sat Oct 10 12:26:00 2020 No.23173924

>>23173844
>I get this thing called equity.

anon go add up how much Interest you are going to pay on your 30 year mortgage. (hint more than 100k or with rates so low the price was just inflated)

you arent ahead on any equity until you have paid that much in interest, equivalnce to 10 years of renting.

>>	Anonymous Sat Oct 10 12:26:39 2020 No.23173937 >>23173500 one thing renters typically fail to understand, is that they're still paying a mortgage. it just isn't theirs.

>>	Anonymous Sat Oct 10 12:28:15 2020 No.23173963 >>23173937 Oh God I'm not indebted to the bank, whatever will I do????

>>	Anonymous Sat Oct 10 12:28:40 2020 No.23173973 >>23173553 Don't forget about reverse mortgages!

>>	Anonymous Sat Oct 10 12:29:38 2020 No.23173986 >pours water into cylinder, but you keep 70-90% of it >pours water into some jew or chinks pocket, with 0% of it remaining to you Wowzers but he bought a $300 fridge once in 9 years from some beaner thief, what a bargain

Anonymous Sat Oct 10 12:29:56 2020 No.23173991

>>23173553
>happens to 90% of home buyers

Yup just go look at public records for any house on the market. Most homes for sale in my area have 20% or less equity in them. This is because the vast majority of people:

1. Keep cash-out-refinancing their equity as the home price appreciates, then spending it on dumb shit.
2. Spend 10-15 years making a dent in the mortgage on a starter home, then take what equity they've built and use that for 20% down on a McMansion, resetting their payment clock to 30 years.

>>	Anonymous Sat Oct 10 12:29:58 2020 No.23173993 >>23173523 G

Anonymous Sat Oct 10 12:30:54 2020 No.23174005

>>23173924
>30 year mortgage
>with current rates as low as they are.
I have a 15 year mortgage. I refinanced it again this year and took another point off the interest while only doing 14 years so I didn't lose a year of payments. The phrase you were looking for in that smooth brain of yours was "use an amortization calculator".
I am absolutely ahead of equity by a wide margin.

>>	Anonymous Sat Oct 10 12:31:42 2020 No.23174017 >>23173720 It's better content than the faggots with less than $10k in their portfolio who are just gambling their poorfag portfolios away because a 10,000% gain is their only chance to make it.

Anonymous Sat Oct 10 12:31:57 2020 No.23174022

>>23173963
>God I'm not indebted to the bank, whatever will I do????
I forgot that when you buy a house, you have to keep paying for it for 30 years regardless if you live there or not. Better just pay some chink 120% of the same mortgage and never receive a dime of anything I can ever sell, usually at a profit

>>	Anonymous Sat Oct 10 12:33:21 2020 No.23174042 >>23173875 GTFO with that nuanced analysis

>>	Anonymous Sat Oct 10 12:33:28 2020 No.23174047 >>23173963 Oh god the landlord can raise rent 3x then I'm on the street with nothing!

>>	Anonymous Sat Oct 10 12:34:45 2020 No.23174072 >>23174022 Good thing house selling is so easy and finding qualified borrowers during this period of unemployment and crashing dollar that isn't a souless chink is such a breeze

>>	Anonymous Sat Oct 10 12:36:41 2020 No.23174109 >>23174072 It's a sellers market in most places. People don't give a fuck about the future, they only see low interest rates.

>>	Anonymous Sat Oct 10 12:36:52 2020 No.23174113 >>23173924 If you follow the payment plan set out by the bank, yes. My mortgage is dirt cheap and so are my taxes. I can easily make double payments every month

Anonymous Sat Oct 10 12:37:10 2020 No.23174117

>>23173875
>you get a good price when you buy. price matters way more than micro optimizing interest rates

True. All the NPC retards are crowing about how "it's the best time to buy, interest rates have never been lower!"

Well look at what immediately happened in late spring when the Federal Funds rate went to 0% and mortgage rates dropped: home prices went up to compensate. In Boston, they went up over 20%. The net monthly payment is exactly the same if not higher, but you average dipshit is too dumb to even comprehend this relationship.

>>	Anonymous Sat Oct 10 12:37:21 2020 No.23174121 >>23173924 30 years of rentcucking: $0 at the end 30 years of mortgage: $300k house/land at the end really does... make you think...

>>	Anonymous Sat Oct 10 12:37:28 2020 No.23174124 >>23173875 >if you rent from a sophisticated person or company, they typically already own the building and aren't servicing debt. God /biz/ is fucking retarded

>>	Anonymous Sat Oct 10 12:38:09 2020 No.23174139 >>23174113 If you're making double payments then refinance to a 15 and make single payments while investing the difference. 30 year mortgages are absolutely dogshit.

Anonymous Sat Oct 10 12:38:41 2020 No.23174149

the key to making money when owning is to know how to repair just about everything yourself and to be handy enough to renovate

my first house, I renovated everything myself, ended up making 80k on it when I sold after 5 years of owning

On my current house I have personally renovated the kitchen, bathroom and repainted the outside of the house, In addition I have done things like replacing the garage door and fixing a broken ceiling fan, doing things yourself saves you massively on maintenance. It's not even that hard, there are youtube videos with step by step instructions for everything.

>>	Anonymous Sat Oct 10 12:38:50 2020 No.23174150 >>23174139 thanks

Anonymous Sat Oct 10 12:41:52 2020 No.23174200

>>23174117
>Well look at what immediately happened in late spring when the Federal Funds rate went to 0% and mortgage rates dropped: home prices went up to compensate. In Boston, they went up over 20%. The net monthly payment is exactly the same if not higher, but you average dipshit is too dumb to even comprehend this relationship.

yeah i did the math on this a week ago for shits and giggles. $250k house @ 4% costs less than as a $300k house @ 2.5% (assuming 20% down in each case) but niggerbrain normies stampede each other to overpay for a shithole because of lower interest. it's shocking how absolutely fucking retarded the average person is.

Anonymous Sat Oct 10 12:45:29 2020 No.23174261

>>23174149
That's just the key to making money in general. I know of at least one dude who quit enterprise software dev for buying shitholes and renovating them and it sounds to me like he's doing fine. A lot of zoomers grew up without dads and/or are living without husbands and don't know how to do things around the house, and of course some of them will only trust white people with working on their homes

Anonymous Sat Oct 10 12:46:11 2020 No.23174272

>>23174200
I work at a bank and this is true for everything, why do you think car prices have gotten so high? Because most people are too stupid to care about what the final price is, they only care about what the monthly payment is, so now that we have 72 month loans for cars at 3% interest, people are buying $70k cars while working at fucking starbucks.

You even see it for smaller things, ever notice those furniture ads that only advertise what the monthly payment is, but if you look closely there's no mention of what the actual cost of the item actually is?

Anonymous Sat Oct 10 12:48:23 2020 No.23174320

>>23174005
sounds like you're being a smarter buyer than 90% of americans then.

>>23174121
well that's the thing anon. You probably shouldn't rent for 30 years. but renting for 10-15 years until you are in good financial position and identify a location you like and then purchasing puts you way ahead of you 22 year old retards rushing to get into a 30 year commitment which takes most of your cash flow every month.

>>23174117
this. the only thing that matters is what their payment is.

>>23173937
one thing mortgage cucks don't understand is they are assuming a lot of risk, and they won't know until it comes to collect.

>>	Anonymous Sat Oct 10 12:48:42 2020 No.23174328 >>23174272 It's funny to see the millenials and zoomers laughing at boomers for living beyond their means while they get suckered by the same shit.

Anonymous Sat Oct 10 12:52:21 2020 No.23174383

>>23174272
>so now that we have 72 month loans for cars at 3% interest

96 month car loans are actual loan products. it's even funnier when you consider it's moronic poors buying shitbox domestic cars that will be lucky to last 5-6 years under typical poor person conditions (beat to hell, limited to no maintenance beyond tires/oil/brakes, etc.) let alone the 8 year term of the loan.

Anonymous Sat Oct 10 12:52:54 2020 No.23174397

>>23174320
>sounds like you're being a smarter buyer than 90% of americans then.
The discussion is pretty much explaining why that is. 90% of american buyers for literally anything only think about monthly payments.
There is some merit to having things on 0% interest payment schedules (ie manipulating credit card special offers and paying them off in full before the 0% term ends) so you have more money in hand to invest in things but people lack the discipline for this mantra.

Anonymous Sat Oct 10 12:56:00 2020 No.23174441

>>23174272
Last time I bought a car (5 years ago) I had to deal with this an it was enraging. I imagine it's even worse now.

The salesman presented me several financing options, but they were all in terms of monthly payments. I asked what the interest rates were and he wouldn't tell me, he just kept harping on the payment. I pulled out my phone calculator and showed him I knew how to solve for the interest rate from the OTD price, monthly payment, and duration for one of the options.

Turned out to be a 6% 72 month loan lol, when my credit qualified me for way better. Then I told him if he didn't get me that info for all options with the best rates I qualified for that I was leaving. Got a 0% 60 month without any more fuckery.

God, normies are fucking dumb and ruin everything. Since I imagine this strategy works on 90% of them. Everything's gonna be a fucking monthly payment in 10 years, like we're gonna be getting shoes on a payment plan.

Anonymous Sat Oct 10 12:58:38 2020 No.23174491

>>23174139
>If you're making double payments then refinance to a 15 and make single payments while investing the difference. 30 year mortgages are absolutely dogshit.

eh, don't really agree with this, I locked in my mortgage at 2.99% for 30 years, now I could easily have afforded a 15 year loan or paid my mortgage down early, but I made 15% off my investments last year and I would rather be putting as much money into investing as I can rather than putting it into my mortgage when I'm paying less than 3% on it. I will say that the average person is more than likely just spending the extra money and probably would benefit more from a 15 year, but if you are investing the difference and making a decent return it's probably best to go with a 30 year.

>>	Anonymous Sat Oct 10 12:59:14 2020 No.23174498 File: 696 KB, 1162x986, Capture.png [View same] [iqdb] [saucenao] [google] >>23174441 >Everything's gonna be a fucking monthly payment in 10 years, like we're gonna be getting shoes on a payment plan. OOOOOHHHHHH WWWWWWAAAAAGGGGGIIIIIEEEEEEE

>>	Anonymous Sat Oct 10 12:59:53 2020 No.23174512 >>23173531 Spot on

>>	Anonymous Sat Oct 10 13:01:38 2020 No.23174546 >>23173688 Dumb conclusion. You rent and 100% of your money is gone, forever. Even if housing market crashes, you'll still retain some percentage of your mortgage payment

>>	Anonymous Sat Oct 10 13:03:02 2020 No.23174566 >>23173500 imagine not picking the cool tube glass when the amount of water is the same

>>	Anonymous Sat Oct 10 13:03:16 2020 No.23174570 >>23174498 >$29.99 a month >$360 a year for fucking sneakers The middle class is extincting themselves lmao

>>	Anonymous Sat Oct 10 13:05:12 2020 No.23174602 There are no good homes in America for under 1mil. 750k is acceptable, anything under 500k is cardboard-and-vinyl trash.

Anonymous Sat Oct 10 13:05:47 2020 No.23174618

>>23173813
It's not though. I have bought threr properties and sold one all without a realtor. I have maybe ten hours at most into each transaction. You spend more time in a week playing vidya or watching tv. The 5-10k in bank fees is a pittance compared to the numbers you're working with

>>	Anonymous Sat Oct 10 13:05:52 2020 No.23174622 >>23173531 are you assuming people have absolutely nothing saved up or invested?

Anonymous Sat Oct 10 13:06:32 2020 No.23174638

I just don't understand how the fuck anyone feels comfortable taking a thirty year bet on living ANYWHERE today.

>don't tell me "you can just sell and move bro" when closing costs and agent commissions and whatever the reason you're moving (i.e. nigger riots) have already cut into the value of your home.

>>	Anonymous Sat Oct 10 13:07:08 2020 No.23174656 >>23174441 >Everything's gonna be a fucking monthly payment in 10 years, This how technology is already running, most software is turning to monthly sub"to combat against piracy" and I'm sure this will bleed elsewhere

Anonymous Sat Oct 10 13:08:14 2020 No.23174678

>>23174491
It was specifically to his "making double payments" line. The amount of interest you pay at thebeginning of a 30 year is absurd. If you can afford to pay double then you can easily afford a 15, get more equity in the house and for typically less money than a 30 year x2 payment would be.

>>	Anonymous Sat Oct 10 13:08:33 2020 No.23174687 >>23174656 yeah, everything is cloud hosted now, which need monthly subscriptions, I bet Microsoft is chomping at the bit to force everyone onto a monthly subscription for their next version of windows, they are already doing it with Office.

>>	Anonymous Sat Oct 10 13:10:35 2020 No.23174728 File: 90 KB, 720x720, 1598931438532.png [View same] [iqdb] [saucenao] [google] >buying someone else's house >not having a new one built or delivered

Anonymous Sat Oct 10 13:10:59 2020 No.23174736
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>>23174622
i know what point you're trying to make but it's an irrelevant point for probably 90% of americans because we save fuck all for retirement and bank almost entirely on social security (which is a pittance, you can calculate your payout on the social security website.) see pic related and discount for all of the boomers who had life on easy street, and then consider millenials who are starting out with 6 figures of student loans and limited job prospects due to a dying post-industrialization meme economy.

even if you are one of the few that puts away a respectable amount for retirement, healthcare/healthcare inflation will burn through it faster than you can blink an eye.

>>	Anonymous Sat Oct 10 13:12:47 2020 No.23174771 >>23174736 I'm 32 and have 100k in my IRA and thought I was way behind, wtf are these people doing??

>>	Anonymous Sat Oct 10 13:13:22 2020 No.23174787 >>23174736 Holy fuck, I would kill myself if I had the average at 61 and I'm only in my 30s. How do people live like this?

Anonymous Sat Oct 10 13:15:17 2020 No.23174822

>>23174124
No shit. I'm a fucking landlord. I'll tell you right now, I plan to carry paper on anything I rent. The minute there's 100k equity in a rental I'm taking it out. It's a liabilities situation. If I get sued because mary fell and broke her hip, and that rental is paid off, the equity is at risk. If the bank holds the risk because I keep pulling the equity out, I can dissolve that llc and the property battle goes to the bank. So no, most landlords do NOT have the property paid off and you ARE Paying mortgage + 20% when you rent. It wouldn't be worth the hassle any other way. And renters that actually maintain the property on their own, I don't raise rent ever (mortgage didn't change) and I give December rent free so they can spend it on Christmas. You call me every time your dumb ass clogs the sink? You pay for it all in the end

Anonymous Sat Oct 10 13:15:43 2020 No.23174829

>>23174771
starting 3% annual contributions at age 35, borrowing against half of their balance for something retarded in their late 40s, and then continuing their 3% annual contributions until health issues forces them into early retirement (much more common than anyone wants to comprehend) at which point they realize they're utterly fucked and totally dependent on the absolute pittance that is social security. now my other post >>23173531 starts to make much more sense.

>>	Anonymous Sat Oct 10 13:18:26 2020 No.23174879 >>23174622 The average dipshit has nearly nothing for retirement besides home equity.

Anonymous Sat Oct 10 13:19:28 2020 No.23174902
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>>23174829
as an illustration, i'm 31 years old. this is my estimated social security payout if i retire with a $75k/year salary. this is present day dollars. it's not a lot of money and you also have to understand that social security COL raises are indexed against the CPI which is an utterly kiked fabrication of reality which purposely excludes real inflation (healthcare and mortgage/rents.)

>>	Anonymous Sat Oct 10 13:20:11 2020 No.23174916 >>23174728 > delivered. red pill me on this. I think it's a great idea to factory fabricate homes but when I investigated it every company just turned out to be a mobile home front.

>>	Anonymous Sat Oct 10 13:20:29 2020 No.23174920 >>23174736 >27 >already saved more saved for retirement than the average 56-61 year old I'm gonna make it boys.

>>	Anonymous Sat Oct 10 13:21:23 2020 No.23174938 >>23174902 I personally think SS will be largely gone by the time I retire, either through inflation, cuts to spending or whatever I in no way plan for it to be there and I think it's a dangerous mindset to depend on it.

>>	Anonymous Sat Oct 10 13:21:38 2020 No.23174945 >>23174920 Feelsgoodman. I considered my retirement savings to be shit (little under $300k rn because I went heavy on my own investments for other things) but apparently I have double what someone in their 60s has.

>>	Anonymous Sat Oct 10 13:23:04 2020 No.23174967 File: 181 KB, 383x396, 1597285826246.png [View same] [iqdb] [saucenao] [google] >>23174736 >saving a low priority at 32-37 >median savings of four hundred and fucking eighty dollars I will NEVER understand normalfags

>>	Anonymous Sat Oct 10 13:23:06 2020 No.23174969 >>23174916 They're called ready to move homes/modular homes. if there's no companies in your area then I guess you'll only find mobile home places.

>>	Anonymous Sat Oct 10 13:25:00 2020 No.23175004 >>23174902 >social security payout > 2051 anon I hate to tell you this...

Anonymous Sat Oct 10 13:25:47 2020 No.23175026
File: 605 KB, 2048x2048, wealthyrenter.jpg [View same] [iqdb] [saucenao] [google]

Anon, you do know that the word Mortgage is literally french for 'Death Pledge' right? Mort = 'death' Gage = pledge.

You're literally pledging to pay the banks money until the day you die. Either you're cucked by the banks or you're cucked by your landlord, and don't pretend that everyone considering buying a home is going to be a 'landlord' - which actually takes a lot of legal hassle and jumping through bureaucratic hoops. You either own a home and pay for upkeep, capital repairs, taxes, all the other bullshit. The only way to escape all this is to climb to the top of the pyramid scheme, but we all know this already which is why we're trying to "make it" with magic internet money.

>>	Anonymous Sat Oct 10 13:28:22 2020 No.23175080 >>23175004 yeah and that's why home ownership is a good thing. i won't be paying rent. i'll be paying upkeep and property taxes (with a retirement abatement) and if i really fuck my life up i can do the boomer reverse mortgage/HELOC cope.

>>	Anonymous Sat Oct 10 13:29:08 2020 No.23175099 >>23173531 >$2200/month social security Really? That's more than I make waging. What a fucking con.

Anonymous Sat Oct 10 13:29:25 2020 No.23175107

>>23174771

Being stuck in a min wage job working 80hours for $1000/month with no time to develop skills and even if they do have skills they have an abysmal recruiting process to jump through hoops for and given the aforementioned 80hours /week they have little time to network

>>	Anonymous Sat Oct 10 13:30:47 2020 No.23175131 >>23175099 it scales with income. https://www.ssa.gov/OACT/quickcalc/index.html

Anonymous Sat Oct 10 13:34:46 2020 No.23175200

>>23175107
more like'
> working at Starbucks or Walmart for 20-30 hours. or office cuck for 40k/yr
> squander free time. squander any money they ever get ahold of
> alcohol, credit cards, 30 year mortgages at 7%, student loans for shitty for profit colleges

>>	Anonymous Sat Oct 10 13:38:25 2020 No.23175262 File: 11 KB, 230x328, brain.png [View same] [iqdb] [saucenao] [google] >save enough money to buy a house before buying it

>>	Anonymous Sat Oct 10 13:41:26 2020 No.23175311 >>23175262 >saving money >while paying rent to someone else so they can save your money

>>	Anonymous Sat Oct 10 13:42:33 2020 No.23175325 File: 86 KB, 246x251, grumblewumbleyowzababowzawoozlewazzle.png [View same] [iqdb] [saucenao] [google] everyone bragging about owning a house and trying to dab on renters live in a crap shack in a shitty neighborhood. just shut up

Anonymous Sat Oct 10 13:44:58 2020 No.23175365

>>23175311
It's called living below your means you absolute fucking mong.

I live in one of the most expensive states in the US and my rent is $13k/year to live in a nice apartment. Well my half, my girlfriend pays the other half. Get a roommate if you're a virgin for the same math.

>>	Anonymous Sat Oct 10 13:46:24 2020 No.23175393 >>23175365 so what you're saying is that you and your gf are losing $26k a year in equity to live in a box and you are bragging about this?

Anonymous Sat Oct 10 13:50:05 2020 No.23175473

>>23175393
Our combined gross income is $250k, so rent is only 10% of that. Hence living below our means faggot. Plenty of money left over to invest into stocks.

Also, amortization schedule on a comparable mortgage is like $3.5k in equity gained the first year. Everything else goes to taxes, insurance, and interest. Mortgage payments aren't 1:1 for equity you fucktard.

Anonymous Sat Oct 10 13:51:09 2020 No.23175490

>>23175393
Ignorance is the middle class's greatest strength.
>OMG guys I refianced my 30 year mortgage into another 30 year mortgage with lower interest! It only cost $5000 but they tacked it onto the total so it was FREE!
>That 97% I owe will be paid off in no time!
>Hey guys look at the $110k Tesla I financed at $1300/month for 10 years!
>Hey guys I bought the newest phone for me and my gf (wonder where she is? lol, probably shopping!!) and they're only $70/month for 2 years!
>Hey guys, I get NormieFresh food delivered to my house to ensure I pay dine-in prices for meals but it's smaller portions so no leftovers AND it's only $500/month!
>Hey guys, I got an exercise bike with a subscription fee!
>Hey guys? Why are you all laughing?
>#BLM

>>	Anonymous Sat Oct 10 13:51:32 2020 No.23175496 >>23175473 just let him feel good about his crap shack. it's all he has.

Anonymous Sat Oct 10 13:53:41 2020 No.23175539

>>23175473
>Also, amortization schedule on a comparable mortgage is like $3.5k in equity gained the first year. Everything else goes to taxes, insurance, and interest. Mortgage payments aren't 1:1 for equity you fucktard.

yeah and what's the return on your 26k for your first year? Oh that's right, it's 0, because you never get any of your rent money back, fucking lmao.

>Our combined gross income is $250k, so rent is only 10% of that. Hence living below our means faggot. Plenty of money left over to invest into stocks.

"I make x amount so it's fine to waste 10% of it on something that will never give me any returns"

and then you accuse other people of not having any financial sense? lol

Anonymous Sat Oct 10 13:55:01 2020 No.23175562

>>23175473
The money you pay in rent, literally poofs into non-existence for you the moment that Jew cashes your rent check. When you move out of your apartment, you get ZERO. NOTHING. For the privilege of paying what, 2-300 dollars less a month, you keep nothing. Solomon Benjamin Shmenkles thanks you for paying for HIS equity. When he sells that place, once you count increased property values, he gets back nearly everything he paid into it.

>>	Anonymous Sat Oct 10 13:57:34 2020 No.23175615 >>23175539 >Oh that's right, it's 0, because you never get any of your rent money back, fucking lmao. I bet he tips his landlord too. Maybe that extra 10% a month means he’ll get to keep up to half his security deposit lol

Anonymous Sat Oct 10 13:58:53 2020 No.23175639

>>23175562
the money you pay in mortgage interest poofs into non existence
the money you pay in home insurance poofs into non existence
the money you pay in property taxes poofs into non existence

stop trying to get people to buy overpriced crap shacks with these stupid mind games

Anonymous Sat Oct 10 13:59:05 2020 No.23175644

>>23175539
But to get that measly 13% return of my annual rent as equity I have to:

1. Take $100k out of my portfolio for a down payment, losing the opportunity cost of potential gains there. Can you do that math?
2. Pay for house repairs, and using the 1% price rule, that's already more than the annual equity gain based on the amortization schedule for many years.

In conclusion you're still a faggot, you don't have a "gotcha" because I'm smarter and wealthier than you and I've already done this analysis multiple times.

>>	Anonymous Sat Oct 10 13:59:19 2020 No.23175651 >>23173511 After reading this entire thread i can say with confidence: fpbp

>>	Anonymous Sat Oct 10 13:59:37 2020 No.23175660 >>23173688 What kind of shit third world houses do they build around there?

Anonymous Sat Oct 10 14:02:29 2020 No.23175727

>>23174622
People who rent into old age generally do fall into that category.
And I am not saying that to disparage anyone.
My own grandmother fell into this category and yes I loved her, but I'm not going to pretend that she was smart with money, she died with debt while renting. My aunt on the other side of the family, also renting and also doesn't have much saved up. Plus, she's splitting rent with a bunch of young people while she's 60 something years old.
It's much harder to save if you live with the short term "paycheck to paycheck" mindset versus the long run thinking.

Anonymous Sat Oct 10 14:07:19 2020 No.23175832

>>23175727
Renting is generally cheaper on a monthly basis in most of the US. If you're not a short-sighted retard who needs instant gratification and loves being a CONSOOMER, renting and investing the difference into stocks is usually superior. But most people are retards with money like your family members (and mine), so buying is good one-size-fits-all advice.

>>	Anonymous Sat Oct 10 14:09:26 2020 No.23175871 >>23175026 I'm French and you just blew my mind with this post. I never realized

Anonymous Sat Oct 10 14:14:18 2020 No.23175956

>>23175639
>the money you pay in mortgage interest poofs into non existence
interest is fixed and determinable. rent is indefinite and inflates every year.

>the money you pay in home insurance poofs into non existence
>the money you pay in property taxes poofs into non existence
you're still paying these as a renter you absolute fucking niggerbrain, as well as your landLORD's profit margin. and on top of this you're also paying for rentcuck insurance.

Anonymous Sat Oct 10 14:18:11 2020 No.23176023

>>23175832
>Renting is generally cheaper on a monthly basis in most of the US.
>Median selected monthly owner costs -with a mortgage, 2014-2018: $1,558
>Median selected monthly owner costs -without a mortgage, 2014-2018: $490
>Median gross rent, 2014-2018: $1,023

https://www.census.gov/quickfacts/fact/table/US

you're 100% wrong for people who stick with their mortgage and pay it off.

>>	Anonymous Sat Oct 10 14:18:42 2020 No.23176038 >>23175956 >bringing up rental insurance at all It's like $10/month you poorfag.

>>	Anonymous Sat Oct 10 14:20:44 2020 No.23176070 >>23174498 Fuck off, those shoes a great idea >made from beans >fully recyclable >You need to buy new shoes anyway

Anonymous Sat Oct 10 14:20:53 2020 No.23176073

>>23176023
And who, exactly, fucking pays off their mortgage? Like I said earlier in the thread, 90% of Americans cash-out-refinance every chance they get, OR they sell their starter home after 10-15 years and use that as a down payment on a McMansion, resetting their clock to 30 years.

I'm not disputing that buying is likely cheaper over the long-term for someone with optimal behavior, I'm disputing the fact that your average person is too fucking stupid to do it properly and ends up paying MORE by buying because they're so fucking dumb.

>>	Anonymous Sat Oct 10 14:24:49 2020 No.23176150 >>23175026 based and etymologically-pilled

Anonymous Sat Oct 10 14:27:35 2020 No.23176196

>>23176073
>90% of Americans cash-out-refinance every chance they get, OR they sell their starter home after 10-15 years and use that as a down payment on a McMansion, resetting their clock to 30 years.
This is the real problem. Most americans are never happy with what they have. People are not through the door of the home they just bought and they're already talking about their next home.
Starter homes are a meme invented by jewbuilders to shill townhomes to people. They make the master bedroom huge, the kitchen/living room huge, but purposely make the 2nd and 3rd bedrooms smaller than they should be to encourage families to grow out of them. Open floorplans are also a big scam designed to ensure there's no privacy the second a family reaches a certain size (usually 4) and encourage another move/sale.
Every step of the middle class family adventure has been constructed by debt-magicians to ensure they are always paying someone.

>>	Anonymous Sat Oct 10 14:29:22 2020 No.23176240 Some people are psychologically adapted to owning; some are not. Some people are psychologically adapted to renting; some are not. Its really that simple. If you're not happy with which category you're in, you are doing something wrong

>>	Anonymous Sat Oct 10 14:30:52 2020 No.23176269 >>23176240 or maybe it makes sense as a young person to rent, and as you get older, it makes sense to buy. wow. who'da thunk that.

>>	Anonymous Sat Oct 10 14:31:02 2020 No.23176272 home"owners" are just cucks who pay 6% to a realtor every time they want to move

>>	Anonymous Sat Oct 10 14:33:48 2020 No.23176317 >>23176269 The only thing that makes sense is living with your parents while you save money and when you have a stable job and partner you move out and buy that fucking house, everything else is pure retardation made to keep you thin on wealth.

>>	Anonymous Sat Oct 10 14:37:53 2020 No.23176390 >>23176317 Yup it totally makes sense to live with your parents in a suboptimal job market instead of moving to a better city with jobs that let you save twice as much even after accounting for higher costs.

>>	Anonymous Sat Oct 10 14:55:02 2020 No.23176721 >>23173500 Just recently paid off my mortgage and I'm only 32. What is left to live for?

>>	Anonymous Sat Oct 10 14:57:46 2020 No.23176765 Mortages are based AF if you are not retarded. Where else can a peasant like us get access to a (relatively) huge amount of near zero % interest credit?

>>	Anonymous Sat Oct 10 15:02:15 2020 No.23176852 >>23176196 Duck that makes sense. Redpilled.

Anonymous Sat Oct 10 15:06:43 2020 No.23176951
File: 194 KB, 1200x628, share-assets[1].jpg [View same] [iqdb] [saucenao] [google]

>i keep most of my net worth in unrealized equity gains on something that doesn't generate cashflow
>i am continually taxed on this thing
>if i'm unable to make debt payments on this thing, the bank takes it and pockets the interest payments, "equity" and then flips it to the market for a free lunch gain
>if i need to access this "equity" i can again pay interest to the bank via a collateralized credit line. so i can pay interest twice! on the principal and an the "equity"
>i work for others and allow them to exploit my labor so that i may own this super precious thing
>this type of thinking makes me feel super rich and part to the top 10%
>yes, i'm a proud homeowner. how could you tell????

>>	Anonymous Sat Oct 10 15:06:46 2020 No.23176954 >>23176390 You are a retard lmao

>>	Anonymous Sat Oct 10 15:47:16 2020 No.23177587 >>23176038 well he's 10 dollars a month less of a poorfag than you

>>	Anonymous Sat Oct 10 15:47:42 2020 No.23177595 File: 1.15 MB, 2316x2316, F9A67551-0481-4026-9CF7-38CFFB6BC112.jpg [View same] [iqdb] [saucenao] [google] >>23173844 This is based lmao

>>	Anonymous Sat Oct 10 15:48:39 2020 No.23177611 >>23176951 >value of homes don't increase.

>>	Anonymous Sat Oct 10 15:54:15 2020 No.23177699 >>23175490 i dont understand the first, normiefood and bike memearrow line, can you please explain t.dipshit

>>	Anonymous Sat Oct 10 15:55:36 2020 No.23177722 >>23176951 absolutely based and truth pilled. >>23177611 take into account inflation and then compare several markets around the country. they can appreciate in value, but unless you study the market your just taking a lucky guess.

>>	Anonymous Sat Oct 10 15:58:56 2020 No.23177777 >>23174602 You just have to move to places like Indiana and Tennessee

>>	Anonymous Sat Oct 10 16:00:12 2020 No.23177794 >>23176721 like some big fat mutt faggot said another one

>>	Anonymous Sat Oct 10 16:03:01 2020 No.23177834 >>23173688 You can get a home warranty dummy

Anonymous Sat Oct 10 16:06:29 2020 No.23177884

>>23177699
1. Refinancing costs money, and resets you onto a new loan. People will brag about refinancing to their lower monthly payment, but don't mention that it cost thousands of dollars and reset their payment schedule to 30 years. Banks often add the refinancing fees onto the total balance, so retards eat this up.

2. He's making fun of HelloFresh and similar meal subscription services, they ship you raw ingredients for a recipe and you have to cook it. The prices are exorbitant, it comes out to $10+ per serving AND you still have to do the work of cooking it. They're single serve portions, so there's no leftovers for lunch the next day.

3. The Peloton exercise bike costs $2k, and the subscription to get the streaming classes is $40/month.

>>	Anonymous Sat Oct 10 16:09:29 2020 No.23177941 >>23177884 thanks very much, the first problem was due to my poor english, the others because europoor.

>>	Anonymous Sat Oct 10 16:11:00 2020 No.23177961 >>23173500 Important Question: Are the glasses filled with blue Gatorade?

>>	Anonymous Sat Oct 10 16:12:13 2020 No.23177982 >>23173818 My favorite post today

>>	Anonymous Sat Oct 10 16:13:20 2020 No.23177998 File: 105 KB, 1280x720, maxresdefault (2).jpg [View same] [iqdb] [saucenao] [google] >>23177777 Impressive. Very nice.

>>	Anonymous Sat Oct 10 16:18:49 2020 No.23178091 >>23177611 >volume of home always go up. this is an immutable law of nature like gravity

>>	Anonymous Sat Oct 10 16:20:14 2020 No.23178117 >>23174736 Dear god. We're all going to be Richie Riches by comparison, even the scamming pajeets.

>>	Anonymous Sat Oct 10 16:20:34 2020 No.23178127 >>23177777 With those digits I just might

Anonymous Sat Oct 10 16:22:36 2020 No.23178163
File: 13 KB, 400x400, fiDlx7vI_400x400.jpg [View same] [iqdb] [saucenao] [google]

>>23173500
Owning a home is by far the best choice if you are a flyover wagecuck NPC.

People who make it move to wherever opportunity is (cities/urban centers) and don't have mortgages tying them down.

The NPCs ITT rabidly defending owning a mortgage have their roles to play in life. They aren't human.

>>	Anonymous Sat Oct 10 16:24:18 2020 No.23178201 >>23173993 G

>>	Anonymous Sat Oct 10 16:29:42 2020 No.23178314 >>23178201 O

>>	Anonymous Sat Oct 10 16:30:11 2020 No.23178322 >>23178163 >owning a mortgage What the fuck are you even talking about? The bank “owns” the mortgage, retard. And anyway, keep justifying paying the landlords taxes, maintenance and mortgage at a premium.

>>	Anonymous Sat Oct 10 16:30:42 2020 No.23178331 >>23178163 true. we should be happy for them. not everyone is meant to fly...

>>	Anonymous Sat Oct 10 16:36:10 2020 No.23178436 File: 45 KB, 470x470, 1579718983580.jpg [View same] [iqdb] [saucenao] [google] >he didn't bough his apartment without a mortgage

Anonymous Sat Oct 10 16:36:31 2020 No.23178444

>>23178322
>being so stupid you don't realize large landlords operate at economies of scale with maintenance costs

If your stupid fucking quips were valuable at all, WHY THE FUCK can I rent an apartment for $2100 per month, when a similar condo would cost me $2500 per month?

WHY THE FUCK would I buy a 3-4 bedroom house for $3k/month after putting $100k down on it, when I don't have kids? What absolute fucking retard wouldn't rather have $100k invested, plus an extra $900 added into it every month, and never have to deal with maintenance?

Anonymous Sat Oct 10 16:38:00 2020 No.23178469

>>23178331
Hahaha, holy shit. I bet your boss owns a house in the burbs. Kek, it’s so funny you dipshits think you’re doing well by renting. Equity is a mainstay of American personal finance. You are paying for everything a home owner pays for and then some. Hahaha, ask your landlord for a breakdown of his costs and compare that to the income he generates from retards like you. Think of me laughing at you the next time you’re woken up by your neighbors in the middle of the night. Hahahaha, holy shit.

Anonymous Sat Oct 10 16:43:52 2020 No.23178576

>>23174441
>. I pulled out my phone calculator and showed him I knew how to solve for the interest rate from the OTD price, monthly payment, and duration for one of the options.
Can you explain this? I'm getting a car soon and this seems important to be able to do if they pull the same thing.

Anonymous Sat Oct 10 16:43:59 2020 No.23178580

>>23178469
Most Americans are broke, why would I give a single shit what they think about personal finance?

Never heard my neighbors, I don't live in a cardboard shitbox.

Also you didn't answer any of my questions. Get back to work to pay off that mortgage, cuck.

>>	Anonymous Sat Oct 10 16:45:38 2020 No.23178617 File: 7 KB, 214x235, 1594848251733.png [View same] [iqdb] [saucenao] [google] rentcucks are fucking stupid >Bought a 31sqm small apartment in a european capitol for 250k euros 3 years ago its worth 3600k euros now

>>	Anonymous Sat Oct 10 16:46:47 2020 No.23178631 >>23178617 360k*

>>	Anonymous Sat Oct 10 16:46:53 2020 No.23178637 >>23173500 No, not at all.....This world fucks you. I legally own three homes but in reality, they fucking own me.

>>	Anonymous Sat Oct 10 16:47:29 2020 No.23178652 >>23178617 bro this whole thread is north america only so far, us euros have it absolutely perfect compared to them, according all the posts here

Anonymous Sat Oct 10 16:48:24 2020 No.23178668

>>23178444
No one is asking you to buy a house, dip shit. My house is like a savings account I can live in. Hahaha! Imagine thinking you’re saving money paying $2100 for an apartment. I pay $2600 a month for a four bedroom house and I’m about to refinance to $2200. I live in a top end suburb of the DFW area. My home’s value has gone up $20,000 since I moved in two years ago not to mention the sweat equity and regular equity I’ve put in. I’ll break it down for a dummy like you:

You: pay for the landlord to own a property

Me: pay down a mortgage around the same cost you pay which saves money I can cash out when I sell the house.

Oh, and “$100K down payment”. My wife and I paid $20k for a $320K house. Wherever you live has an insane cost of living. Tell me, has the covid shutdown justified you living close to work? Hahaha, I’m laughing at you so hard.

>>	Anonymous Sat Oct 10 16:48:58 2020 No.23178679 >>23178617 also >garsonka >250k central europe, guessing vienna or prague

Anonymous Sat Oct 10 16:49:34 2020 No.23178690

>>23176951
>net worth 10k
>30% of net worth is held in your primary residence
>primary residence is valued at 3k
>25% of net worth is in vehicles
>vehicles valued at 2.5k
is this somehow counting primary residence and vehicles as the same thing? and it assumes these low wealth individuals are living in a 15 year old RV?

Anonymous Sat Oct 10 16:50:06 2020 No.23178709

>>23178668
That's really cool, virgin. I don't live in a shithole like Texas though, so I'll pay the extra to live in a state without religicucks and nutjobs.

Houses here are $600k+ for a decent one.

Imagine being SO FUCKING STUPID that you try to compare home prices in one state to rents across the country, HAHAHAHAHA.

>>	Anonymous Sat Oct 10 16:50:23 2020 No.23178716 >>23178580 You didn’t ask me a single question. Europoor reading comprehension, everyone.

>>	Anonymous Sat Oct 10 16:51:36 2020 No.23178735 >>23178668 This fag is trying to brag and he lives in Texas. TEXAS. AHHHHHAHAHAHAHA It's like the shitty parts of the midwest, the shitty parts of the south, and the shitty parts of California, all rolled into one state, with none of the plusses.

>>	Anonymous Sat Oct 10 16:51:45 2020 No.23178739 >>23173500 Lol niggars r dum

>>	Anonymous Sat Oct 10 16:52:00 2020 No.23178746 >>23173500 dumb nigger

>>	Anonymous Sat Oct 10 16:53:09 2020 No.23178765 >>23178679 oslo

>>	Anonymous Sat Oct 10 16:54:17 2020 No.23178779 >>23178709 Virgin? I have a kid. Seriously, tell me, how has this year gone for you? Enjoying life trapped in your box? Texas kept businesses open. I like how you won’t even say where you live. Very telling.

>>	Anonymous Sat Oct 10 16:55:40 2020 No.23178810 >>23178735 BRB buying a house in Oklahoma in cash and then coming back to this thread to brag about being a homeowner

>>	Anonymous Sat Oct 10 16:55:40 2020 No.23178811 >>23178765 nice, thats decent. good life to you

>>	Anonymous Sat Oct 10 16:56:24 2020 No.23178826 >>23178735 Tell me, when was the last time you went out to eat. Lol, what are you enjoying about living in the big city with all your culture and, oh wait, what’s that? You say you can’t even go to a bar to get a drink? That’s too bad.

Anonymous Sat Oct 10 16:58:07 2020 No.23178856

>>23178779
Yeah my apartment is pretty comfy, I like it. I live in MA.

You're bragging about businesses being kept open now, holy shit HAHAHAHA. You're such a fucking loser. I've gotten paid six figures to work from home for the past 6 months, and likely the next 6 months as well.

Enjoy your "open economy" and COVID you fag, I'll enjoy shitposting from the comfort of my apartment while I continue to stack cash in investments because my rental costs are fixed and I'm not a faggot home "owner."

Anonymous Sat Oct 10 16:58:32 2020 No.23178867

>>23178810
Says the guy who can’t even say where he lives. Probably some shit heap like Boston or DC. Lol, you rent, pay twice as much for food as me and now you can’t even enjoy all that fine culture you’re bragging about because your dip shit lefty government won’t let you go out of doors.

>>	Anonymous Sat Oct 10 17:00:53 2020 No.23178913 >>23178867 Washington DC citizeen here whats worong with DC? its a beautiful city with tons of history

Anonymous Sat Oct 10 17:02:07 2020 No.23178942
File: 138 KB, 890x1066, 1602297075607.jpg [View same] [iqdb] [saucenao] [google]

>>23178469
>Equity is a mainstay of American personal finance
aka the average wagecuck. that's exactly what I said. why are you so angry, wagie?

you have a role to play in life. i'm happy you are sticking to it, NPC.

Anonymous Sat Oct 10 17:02:14 2020 No.23178944

>>23178856
Hahaha, enjoy winter this year. You might as well be making $36 K a year for how much you’re paying in cost of living. And you live alone. See the walls around you? That’s your coffin, or at least that’s what it’ll look like when you’re sitting in your retirement home with nothing to show for your life. At least you got to live life in an exciting big city during covid! Do you even know your neighbors? All this greenery around me and rolling fields of grass and trees really sucks. I’d much rather live in a concrete box surrounded by niggers on the dole. Hahahaha, I feel bad for you.

>>	Anonymous Sat Oct 10 17:03:16 2020 No.23178956 >>23178913 Niggers, lefty fags and high cost of living. No thanks.

>>	Anonymous Sat Oct 10 17:03:25 2020 No.23178958 >>23178913 Also funny that he's making fun of liberal cities as shitholes, that's exactly what his precious DFW area will be with all the faggots priced out of CA that are flocking there lmao.

>>	Anonymous Sat Oct 10 17:04:18 2020 No.23178976 >>23178942 Nah, wrong. I’m self employed. I’m taking a full paid sabbatical right now while I settle into parenthood.

>>	Anonymous Sat Oct 10 17:04:33 2020 No.23178983 File: 42 KB, 640x633, pepe2.jpg [View same] [iqdb] [saucenao] [google] >>23178779 imagine bragging about businesses being kept open in your area. top fucking kek

>>	Anonymous Sat Oct 10 17:06:28 2020 No.23179033 >>23178958 Oh no! It must really suck here if Californians are flocking here, raising my home’s value. Shit, I made a great investment that’s appreciating year over year. Where do you live, by the way? I showed you mine now show me yours.

>>	Anonymous Sat Oct 10 17:06:47 2020 No.23179039 >>23178956 >high cost of living yes and its compensated with high income its very nice and safe in the tourist areas

Anonymous Sat Oct 10 17:07:10 2020 No.23179044

>>23178944
I don't live in a city lmao. Imagine thinking Boston is the only thing in MA?

Why would I care about winter, again I'll be working from home. Worst case the power goes out and I get paid for free, oh no!

Regardless of cost of living, I'm stacking like $50k+ annually into my investments. I'll be filthy rich in 20 years regardless of whether I buy a house or continue to rent.

You must really regret buying, you seem to be projecting pretty hard.

>>	Anonymous Sat Oct 10 17:07:30 2020 No.23179050 >>23178983 Yeah, it’s much better when they’re shut down. Tell me all the pros of the shut down. I’m all years.

>>	Anonymous Sat Oct 10 17:08:48 2020 No.23179073 >>23179039 Lol!!!! Bragging about tourist areas is top cope! Hahahahaha! Holy FUCK! Go hang out with the tourists because you can’t go to certain parts of your city for fear of bodily harm. Wow! You showed me

>>	Anonymous Sat Oct 10 17:10:20 2020 No.23179101 >>23179073 i bet you havent even been in DC fag visit before you say anything kys

Anonymous Sat Oct 10 17:10:47 2020 No.23179106

>>23179044
Who’s projecting? Are you saying you live in the country? In an apartment? Why can’t you just say where you live? What’s so hard about that? I live in Flower Mound, TX. Hard core republican stronghold. Michael Burgess is my congressman. Now, I’ll ask again for the nth time: where do you live or, more importantly, why are you so afraid to say?

>>	Anonymous Sat Oct 10 17:12:30 2020 No.23179135 >>23179101 I was there about three years ago. I hung out with Dan Crenshaw before he became a congressman. Definitely not for me.

>>	Anonymous Sat Oct 10 17:12:32 2020 No.23179136 File: 389 KB, 1169x1645, 486D35CA-7788-4FD1-A7AB-9B2E50842B0C.jpg [View same] [iqdb] [saucenao] [google] So is it better to rent or get a mortgage?

>>	Anonymous Sat Oct 10 17:13:42 2020 No.23179154 >>23179135 > did you visit the smithsonian museums? very nice did you visit the supreme court and the capitol building?

>>	Anonymous Sat Oct 10 17:14:40 2020 No.23179168 File: 270 KB, 472x315, Screen Shot 2020-10-10 at 5.14.22 PM.png [View same] [iqdb] [saucenao] [google] >>23179135 imagine bragging about hanging out with Dan Crenshaw. top fucking kek

>>	Anonymous Sat Oct 10 17:19:46 2020 No.23179271 >>23179168 Pretty obvious he's just a LARPing faggot at this point

Anonymous Sat Oct 10 17:21:14 2020 No.23179300
File: 17 KB, 283x334, 15899485678245.jpg [View same] [iqdb] [saucenao] [google]

>bought a condo 2 years ago to live in
>dad convinces me to rent it and stay at home
>tenant pays for all costs with their rent while i live comfy at home with mommy and daddy
>condo price up around $150k
the only downside is that im still a virgin but thats ok. girls stink anyway.

>>	Anonymous Sat Oct 10 17:21:30 2020 No.23179306 >>23179154 Yes yes and yes. Nice place to visit, wouldn’t live there. I love the smitsonian, great mineral and gem collection.

>>	Anonymous Sat Oct 10 17:22:48 2020 No.23179322 >>23179300 the neet+, now comes with rent money instead of gubment money! back to cagie and don't forget the rentie, mr tenant!

>>	Anonymous Sat Oct 10 17:22:51 2020 No.23179323 >>23179306 >he went to smithsonian museums to watch gems fuck off geologist fag

>>	Anonymous Sat Oct 10 17:25:11 2020 No.23179359 >>23173500 what is the point of the pic, are you supposed to point at the glass with more water?

>>	Anonymous Sat Oct 10 17:27:28 2020 No.23179394 >>23179168 Now a statement of fact is bragging? >>23179271 Ok, buddy, whatever you say.

>>	Anonymous Sat Oct 10 17:28:49 2020 No.23179421 >>23179323 Yeah, who wants to know more about precious gems and minerals? Ffs, the whole museum is a mineral exhibit including the fossils

>>	Anonymous Sat Oct 10 17:30:50 2020 No.23179468 >>23179421 i just skipped the nerdshit and went to the warstuff only

>>	Anonymous Sat Oct 10 17:37:37 2020 No.23179580 This is unironically a good ass thread, I wish there was more shit like this on /biz/ than coin of the week posts.

Anonymous Sat Oct 10 17:41:24 2020 No.23179644

>>23179468
That’s the air and space museum. My dad’s was a pilot with American Airlines and flew with the confederate Air Force (now commemorative Air Force) so I’ve been around aviation stuff since I was a little kid. I also went to the air and space museum but there’s better museums for airplanes elsewhere like the naval air and space museum down in Pensacola. I do like the X-15 static display though. Favorite aircraft.

>>	Anonymous Sat Oct 10 17:42:52 2020 No.23179677 >>23179644 you didnt go to the airport museum in DC to see the space shuttle and the concord? cringe

>>	Anonymous Sat Oct 10 17:44:31 2020 No.23179708 >>23173918 Yes, you just have an eviction on your credit report which is even worse. With a home you can SELL IT and pay off your mortgage balance.

>>	Anonymous Sat Oct 10 17:46:40 2020 No.23179741 >>23179136 mortgage of course

>>	Anonymous Sat Oct 10 17:50:54 2020 No.23179819 >>23179677 Meh, I’ve been to that aircraft carrier parked in NYC. Once you’ve seen one space shuttle you’ve seen them all. I’ve also been to Houston Space Center which has the Saturn V rocket. Anyway, we didn’t have a car.

Anonymous Sat Oct 10 17:52:31 2020 No.23179846
File: 107 KB, 600x568, plan.jpg [View same] [iqdb] [saucenao] [google]

>he doesn't own 37 units/rooms worth of properties
>he doesn't own all of these properties bordering a college campus for guaranteed tenancy 10 months+ of the year
>he doesn't cashflow 10 - 12k+ a year
>he works for someone else

Been comfy ever since I got the 3rd house with 6 units. You sorry fucks can cry all day about your shitcoin crashing, college attendence is only ever increasing. Stay poor, dumb faggots

>>	Anonymous Sat Oct 10 17:54:08 2020 No.23179882 >>23175325 C O P E

>>	Anonymous Sat Oct 10 17:56:05 2020 No.23179911 >>23174736 going to be 50 next month $511k in 401k $25k in HSA $12k in robinhood fuckaround account $105k in available CC limit $3k in cash

>>	Anonymous Sat Oct 10 17:57:54 2020 No.23179944 File: 70 KB, 910x661, bcd18539aaf40a998c79b8fe4c3dca92.png [View same] [iqdb] [saucenao] [google] I still can't bring myself to buy the absolute top of all time. What do you think? Will prices continue up forever?

>>	Anonymous Sat Oct 10 17:57:57 2020 No.23179945 >>23175644 You think you need $100k for a down payment? Either you don't know what an FHA loan is or you live in some faggot coastal state with absurd real estate prices. Either way, you're coping.

Anonymous Sat Oct 10 17:58:32 2020 No.23179955

>>23179846
do you have cameras in the frat rooms?
do you ever have to be in the role of the ol' grumpy jew landlord that comes raking cash from horny cheerleaders?
do you ever get called because the cops had to crash a frat party?
is it like in american pie type movies?
do you pay a lot in maintenance because the jocks pissed on the roof, shat in and clogged the drainage and fell drunk through the patio roof?
do you get cults and illuminati like fraternities like the bonesmen?

asking for a friend from europoorland

>>	Anonymous Sat Oct 10 17:58:47 2020 No.23179960 >>23179819 >he didnt rent a car fuck off walkerfag

>>	Anonymous Sat Oct 10 18:00:17 2020 No.23179989 >>23179911 fuck off old fuck

>>	Anonymous Sat Oct 10 18:00:50 2020 No.23179998 >>23173760 this embodies the fucking jewish zoomer mentality get a home, build a family and be a good community member helping out your fellow man anon the jews fear this

>>	Anonymous Sat Oct 10 18:04:18 2020 No.23180062 File: 3 KB, 95x18, RapeEmBro.jpg [View same] [iqdb] [saucenao] [google] >>23179911 Checked for doubledubs and based Rapist, bro But half a mil in 401k? Why? What if you die before 59½? Why wait 9 more years to start living like a gigaboomer?

>>	Anonymous Sat Oct 10 18:05:32 2020 No.23180085 >>23179911 >50 disgusting

>>	Anonymous Sat Oct 10 18:06:31 2020 No.23180102 >>23179911 good job rape 'em all, bro

>>	Anonymous Sat Oct 10 18:13:24 2020 No.23180207 >>23179960 It’s called Uber/Lyft. Ever heard of it?

>>	Anonymous Sat Oct 10 18:14:27 2020 No.23180231 >>23180062 I like how you added the “a” in “rape” Do you collect funny IDs?

>>	Anonymous Sat Oct 10 18:15:54 2020 No.23180252 >>23180207 >wasting money on uber when renting a car is cheaper ok kid

>>	Anonymous Sat Oct 10 18:19:19 2020 No.23180306 >>23173612 Yes, but where I live housing is going up faster than rent. So I am renting and paying for a 2010 level mortgage while waiting for a better buy in point.

>>	Anonymous Sat Oct 10 18:22:04 2020 No.23180356 >>23180062 if I die, I die. The money all goes to my heirs.

>>	Anonymous Sat Oct 10 18:22:23 2020 No.23180363 >>23179911 >$511k in 401k >$25k in HSA >$12k in robinhood fuckaround account >$105k in available CC limit >$3k in cash I'm 33 years old and if I woke up with your situation I would kill myself.

>>	Anonymous Sat Oct 10 18:30:38 2020 No.23180512 >>23180363 why

>>	Anonymous Sat Oct 10 18:30:41 2020 No.23180514 File: 140 KB, 999x691, rare id.jpg [View same] [iqdb] [saucenao] [google] >>23180231 Yes I do collect them all

Anonymous Sat Oct 10 18:39:15 2020 No.23180654
File: 173 KB, 1024x684, 2_8.jpg [View same] [iqdb] [saucenao] [google]

>>23179955
>cameras
Nope. Noise complaints fines etc are paid by the students. Money paid is backed by parent cosigning lease for student basically. Few issues every once in a while with damage, not as common as I expected
>grumpy jew lord
Not at all. On campus housing, a mere 1/10 a mile away, is 4x as expensive. They save money, I make money. Most students are indifferent or like me, but I'm hands off
>cops
rarely
>american pie
Sometimes. So long as place isn't damaged, which doesn't happen often
>maintenance
Not as high as I initially expected. I've learned drywall repair and carpet replacement, which is 80% of what happens. Did have a heater go once, but it happens.
>cults
Doesn't concern me, so long as shit doesn't break too often. The 10 - 12k cash return already accounted for a fixed amount I set aside for potential damages, and of that damage fund, less than 10% of it gets used every year, if at all.

Even this year with lower college attendance, I only have two vacant rooms. It's the life desu.

>>	Anonymous Sat Oct 10 18:39:56 2020 No.23180664 >>23180512 cuz he's a 50 year old on 4chan(nel)

>>	Anonymous Sat Oct 10 18:42:31 2020 No.23180693 >>23180654 based, thanks

Anonymous Sat Oct 10 18:43:19 2020 No.23180707

>>23178576

Annual Interest rate^years x price = monthly payment x years x 12.

For example x^5 years x 50,000 = $966 a month for 5 years or 60 months. Multiplied out, that's $57963. Divide by 50,000 and you have x^5 = 1.15927... Now you just have to put that to the power of 1/5 and you get x = 1.03 or an interest rate of 3%.

Alternately, you could google for an interest calculator online and fiddle with the numbers.

Anonymous Sat Oct 10 18:43:59 2020 No.23180722

>>23180512
Where do I start...
$500k in a 401k at that age is sad. You should be close to a million in your 50s. And that's lowballing it.
Listing available credit like it means anything is equally sad. Especially when he only has $12k in an investment account and $3k in cash.
To put it in perspective, my investment account (not my crypto fuckaround account) is close to 200k. My 401k is around 300ish, I haven't checked since March cause I didn't wanna do anything dumb while the covid-tank happened.

>>	Anonymous Sat Oct 10 18:45:14 2020 No.23180740 >>23180664 >>23180722 fair enough

>>	Anonymous Sat Oct 10 18:48:01 2020 No.23180790 File: 21 KB, 480x360, FB720BEB-A615-4673-B5F5-A0AE7AE4C7AA.jpg [View same] [iqdb] [saucenao] [google] >>23173672

>>	Anonymous Sat Oct 10 18:48:38 2020 No.23180802 >>23178826 Why would you assume I live in the innercity? I don't. I don't even live on a coast. Texas just sucks balls.

>>	Anonymous Sat Oct 10 18:49:19 2020 No.23180821 >$500k mortgage at 1.2% >0.1% monthly rate >have to pay $3000 every month excluding hydro, maintenance, property tax >spend $2 million in total after 30 year and you’ll be lucky if house is worth $1 million LOL

>>	Anonymous Sat Oct 10 18:51:32 2020 No.23180850 >>23173500 Niggers cant into spatial reasoning

>>	Anonymous Sat Oct 10 18:52:21 2020 No.23180872 >>23174121 rentcucks seething

>>	Anonymous Sat Oct 10 18:52:47 2020 No.23180886 >>23180363 >tfw $0 >26yo At least i won’t feel bad when Monopoly money collapses

>>	Anonymous Sat Oct 10 18:52:55 2020 No.23180889 >>23173500 shut the fuck up you stupid fucking nigger.

>>	Anonymous Sat Oct 10 18:54:00 2020 No.23180915 >>23174124 Lol most of biz listens to Greg Ramsey dude, they’re living FrUgAl and debt free til they’re 70 and they can live on an extra 50k a year for 5 years till they die

>>	Anonymous Sat Oct 10 19:00:48 2020 No.23181054 thread theme https://www.youtube.com/watch?v=Bs5QGN-zhwM

>>	Anonymous Sat Oct 10 19:01:21 2020 No.23181063 >>23174602 Not true. Typing this from my home that we got for 250k. 3 bed, 2 bath, and it's got a massive yard. And in a coastal state ;^)

>>	Anonymous Sat Oct 10 19:02:45 2020 No.23181090 File: 114 KB, 332x332, 1576210834900.png [View same] [iqdb] [saucenao] [google] >>23173819 >>23173844 You two are based. Keep wrecking these ape brains >rent = pay jews mortgage + jew tax >buy = pay my mortgage + jew tax

>>	Anonymous Sat Oct 10 19:06:11 2020 No.23181147 >>23179989 your contributions to this thread have been awful

>>	Anonymous Sat Oct 10 19:06:58 2020 No.23181161 >>23181090 buying a house incurs a lot of risk whether you clowns acknowledge it or not. period.

>>	Anonymous Sat Oct 10 19:09:08 2020 No.23181198 >>23173875 hey, you need to go back

>>	Anonymous Sat Oct 10 19:09:42 2020 No.23181207 >>23180707 Thank you anon.

>>	Anonymous Sat Oct 10 19:10:36 2020 No.23181228 >>23174602 >>23177777 fuck off we're full.

>>	Anonymous Sat Oct 10 19:10:59 2020 No.23181234 >>23173760 Hahaahhah fucking hell cunt you are a pleb.

>>	Anonymous Sat Oct 10 19:13:20 2020 No.23181269 File: 165 KB, 1595x1196, van hammock.jpg [View same] [iqdb] [saucenao] [google] >>23173500 >living in a house at all kys wagie

>>	Anonymous Sat Oct 10 19:17:31 2020 No.23181343 >>23173963 Smooth brain zoomer.

>>	Anonymous Sat Oct 10 19:18:54 2020 No.23181366 File: 17 KB, 384x384, 1564599627291.jpg [View same] [iqdb] [saucenao] [google] >>23174622 yes

Anonymous Sat Oct 10 19:27:07 2020 No.23181501

They’re inflating all that debt away that’s what retard renters don’t understand, be me an Aussie chad, 40k down payment, 10k closing costs/fees on a 260k house, repayments, taxes and insurance is 265week, Got it rented it 305, keep that $40 a week aside for any maintenance, house is up 25k ish in ~3 years, how’s that hard to understand? I dunno what absolute shit dens you idiots are buying but there’s not a lot of maintenance needed, I’ve had to get a door fixed and the hot water service will be due next year sometime, meanwhile I’ve had a 50%~ return on my initial 50k already, it’s literally free money.

Anonymous Sat Oct 10 19:28:26 2020 No.23181526

>>23181161
What risk do you feel negates the benefit of equity? I'll be fair about it name a few.
>Natural disasters (flooding/weather/etc)
Homeowners insurance covers this. Don't be cheap with what you get and you won't have a problem. You can also mitigate this risk a great deal by buying in areas that are low risk for these sorts of things.
Renting is not immune from natural disasters either. Catastrophic event still means everything you own is gone.
>Break ins
Having a home means you have more control over your countermeasures for dindus. Better locks, cameras, etc. Renting means only thing between you and Jamaal is the cheapest lock on a plywood door. Also some renters will revoke your lease if you discharge a firearm, self defense be damned.
>Maintenance
Landlords are under no obligation to replace anything outside of heat and plumbing in a timely manner. "Timely manner" is the key here. Microwave broke? Air conditioning not working? Fridge fucking up?
Get back to me Monday.
Yes, when you own all the appliances are yours and can break, so don't buy trash.

>Repairs (like roofing and stuff)
Yea this is where renting does win. But if you're buying something then you get a home inspector and you know exactly the condition of the property. So many people don't do this then get surprised that the previous owner covered shit up. Don't get scammed. Pay the $3-500 for a good inspection and then you can haggle the home price or walk. There is no such thing as a "dream" home, and only boomers and women would buy something based on emotion.

>>	Anonymous Sat Oct 10 19:28:58 2020 No.23181530 >>23181269 >van breaks down >now out of your "primary residence" l o l

>>	Anonymous Sat Oct 10 19:32:50 2020 No.23181587 I refuse to pay rent, ever. I’m moving out in four years and should have a decent net worth and have plenty saved even after my 20% down payment.

>>	Anonymous Sat Oct 10 19:43:11 2020 No.23181747 >>23181530 >he needs mechanics i bet you call a plumber to unclog your toilets, too.

>>	Anonymous Sat Oct 10 19:43:36 2020 No.23181751 also what's up with the leftist "down with landlords" movement in what I assume is western us?

>>	Anonymous Sat Oct 10 19:46:14 2020 No.23181800 >>23181747 Say that when your transmission blows, or you get rod knock. Hope you have enough space in your shitbox for tools, and are conveniently located when your shit falls apart, dumbass

>>	Anonymous Sat Oct 10 19:48:58 2020 No.23181839 >>23181800 you know towtrucks exist, right?

Anonymous Sat Oct 10 19:49:09 2020 No.23181842

>>23181751
Buncha fresh out of college useless degree types who want to stay in their ultra left areas but don't wanna pay the overpriced, gentrified neighborhood prices they helped create. So instead of attacking the real source of the problems (governments being run by corporations that replace all the small neighborhoods with gentrified fake places with stupid high property taxes) they lash out at the people who own the buildings.

>>	Anonymous Sat Oct 10 19:50:13 2020 No.23181855 >>23174622 That is EXTREMELY common. Ask how we know you grew up sheltered.

>>	Anonymous Sat Oct 10 19:54:42 2020 No.23181926 >>23181800 I’d be more concerned about hobos coming to buttfuck the dude while he’s snoozing, or drunks and kids deciding to have some fun tipping the van over with the Poor cuck inside

>>	Anonymous Sat Oct 10 19:55:36 2020 No.23181940 >>23179911 don't listen to these retards. Money could always be better, but you are more well established than probably 90% of people in your age group by a massive margin, assuming you're american.

>>	Anonymous Sat Oct 10 20:05:55 2020 No.23182089 >>23174736 Shouldn't people who don't save and rely on the system only be allowed the bare minimum?

>>	Anonymous Sat Oct 10 20:11:30 2020 No.23182164 File: 135 KB, 1423x688, ojapoa.jpg [View same] [iqdb] [saucenao] [google] >>23181501 What if you end up buying the top then your house begins losing 40% of its value over 30 years?

Anonymous Sat Oct 10 20:13:22 2020 No.23182184

>>23174736
>>23182089
If everyone saved as much as they should to retire with enough to last 25 years, the U.S. economy would crash like you've never seen before. This level of spending is great for companies and the consooomer.

Not everybody can/will make it.

Anonymous Sat Oct 10 20:15:45 2020 No.23182217

>>23182164
They can’t raise rates cause /they/ have too much debt now, even in a situation where it drops I still collect rent which in my area haven't gone down over the last few decades, and it’s only an issue if Im forced to sell The bottom like any other investment

>>	Anonymous Sat Oct 10 20:20:07 2020 No.23182297 >>23173818 the artist who drew this and the (((scientists))) who conducted this study deliberately distorted the perception of the child in order to skew and subvert the results of the study.

>>	Anonymous Sat Oct 10 20:23:37 2020 No.23182357 File: 63 KB, 474x350, EHX_444HHM.jpg [View same] [iqdb] [saucenao] [google] >>23179846 >tfw 24 units and just closed on a single family 5bed 2.5 bath gg anon. Already had tenants ruin one spot, so I can't imagine you're risk with young fucks

>>	Anonymous Sat Oct 10 20:26:39 2020 No.23182411 >>23174017 >$10k You're overestimating me here, bro

>>	Anonymous Sat Oct 10 20:29:21 2020 No.23182446 >>23174017 no, shitcoin discussion is definitely better content than this garbage debate

Anonymous Sat Oct 10 20:33:46 2020 No.23182504
File: 46 KB, 754x305, buyhighselllow.jpg [View same] [iqdb] [saucenao] [google]

>>23182217
>haven't gone down over the last few decades.
I mean they didn't in Japan for decades too before 1991. What happens when they do and you're stuck with the insurance jew and HOA payments? Also, in the US we can't raise rates either because we have too much debt now.

I'm actually yugely in favor of property ownership but can't help feeling i should wait because:
>mortgage rates might be even LOWER
>current market will run out of buyers soon
>deferment + foreclosure will add more sellers right after the last normie has bought the top.

Anonymous Sat Oct 10 20:44:20 2020 No.23182666

Buying only makes sense if you've already made it or are a forklift operator in Omaha who marries his fat high school sweetheart and will never change jobs or make more than $18 an hour.

I've gone from $12 an hour to $23 an hour to 120K salary in three years because I've been able to break my lease (I only do month to month) quit my current job and move with 1 month notice to wherever the new job is. If I find a higher paying job or get sick of bullshit at my current job I can quit, break my lease and move.

I'd like to own my own house and will someday but for now being uncuckable by employers is worth more than muh equity, financially and mentally. Once I sign that mortgage I'm cucked for 15-30 years.

>>	Anonymous Sat Oct 10 20:46:36 2020 No.23182709 >>23182666 I could also just quit, move somewhere cheap, and live for a decade + on my investments alone. If I had a mortgage I would need income coming in. You're a slave to a mortgage even if it is worth it in certain situations.

>>	Anonymous Sat Oct 10 20:47:58 2020 No.23182730 >>23175639 Repairs and maintenance to the property as well, I just paid $8,000 to put a new roof on my house.

Anonymous Sat Oct 10 20:52:03 2020 No.23182791

>>23182709
Well it is worth considering that there are intangible benefits of owning property. It's quite a nice feeling to not have a landlord, to have your own land that no one is allowed to come onto unless you let them, to be able to alter and expand the structures on your property in the ways you want.

>>	Anonymous Sat Oct 10 20:54:23 2020 No.23182836 Fuck, this thread is still up? Are there still rent-fags proud of paying someone else’s mortgage/taxes/maintenance ITT?

>>	Anonymous Sat Oct 10 20:54:26 2020 No.23182839 >>23182791 >t. idol worshipper stop being such a materialist. you know you don't actually own anything in this world

>>	Anonymous Sat Oct 10 20:55:26 2020 No.23182858 >>23182791 That's true and honestly I hate not owning land/ my own space but from a purely financial perspective renting is the only thing that makes sense for people in situations like mine

Anonymous Sat Oct 10 21:09:38 2020 No.23183084

>>23182504
Why would they run out of buyers? It’s banks and hedge funds/whales buying property now, when’s the last time you heard an average Joe even buying? they’re being pushed outta the market, it’s funds chasing a 4-5% yield that don’t need to sell, a positive yield going into the next century means a fuck load. Dunno where you guys say it’s nor miss buying, here in Aus they haven’t been buying for a long time everyone’s broke renteds consooooming

Anonymous Sat Oct 10 21:13:33 2020 No.23183159

Everyone who’s seen this play out before in other markets can see the futures about those who own assets and those who consooom and own nothing, just afterpay debt for the clothes they’re wearing the next generation you’ll either be from money, or you won’t be able to even buy cause asset prices will be too inflated and a base deposit will be simply too high for plebs wages cause mr li and his Choyna buddies own half the country and the banks/funds are hedged in the rest, factor in when the consoomers inherit a house they sell it, 100 years nobody will own shit. Buy gold, bitcoin and real estate. Scarcity is king and yield (real estate) ain’t going down anytime soon, as when they yield gets too attractive people are lined up to buy especially with negative rates to come

>>	Anonymous Sat Oct 10 21:14:07 2020 No.23183165 >>23178314 leggo my niggo

>>	Anonymous Sat Oct 10 21:15:38 2020 No.23183185 File: 20 KB, 306x306, pepe.jpg [View same] [iqdb] [saucenao] [google] >>23183084 >>23183159 yeah ok dude. house prices are gonna go up forever. buy buy buy. FOMO FOMO FOMO

Anonymous Sat Oct 10 21:16:41 2020 No.23183199

>>23182666
We found a management spreadsheet at my old job, which basically rated how cuckable people were. Obviously it was in more PC terms, I think it was like "likelihood/ability to move on" with a bunch of factors and then a 1-10 rating.

The columns were stuff like "married", "has kids", "owns house", "family in area", "enthusiasm for internal promotion" and shit like that. From what we could tell, owning a house was the largest factor as to whether management knew you were cuckable and they could exploit you with low risk of you leaving for a new job.

>>	Anonymous Sat Oct 10 21:17:54 2020 No.23183219 >>23179136 https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html If this is paywalled download the "bypass paywalls" extension

>>	Anonymous Sat Oct 10 21:19:39 2020 No.23183243 >>23183185 Lol it's so transparent when they circlejerk about rising home prices that their only asset is their home.

>>	Anonymous Sat Oct 10 21:20:11 2020 No.23183251 >>23183185 Over the long term they’ll always trend up, they ain’t making anymore land cope cuck, real estate isn’t a shitcoin you buy one week and sell the next

>>	Anonymous Sat Oct 10 21:21:53 2020 No.23183271 >>23183243 600k crypto, 150k metals, 300k property, looking to get another next year , cope harder fag

>>	Anonymous Sat Oct 10 21:27:34 2020 No.23183339 >>23183271 Ok LARPvirgin, post pics or fuck off

Anonymous Sat Oct 10 21:28:45 2020 No.23183358

If I did not have a home, at near 2% interest rates, I would be renting right now, especially with the CARES act. Once they rugpull on the CARES act, expect a bargain on a home as almost no one has cash by that point.

Save cash/stick money in t-bills now, and buy a home when interest rates rise significantly. If lending standards tighten, home prices fall. I would say it is still too early.

Smart money always buys a home in a housing price dip at high interest rates, with 50% down. Suckers buy with 5% down when housing prices are inflated, and we have low interest rates. Then they're stuck with the debt and the depreciation caused by an interest rate spike.

If you own a home, you should pay down your mortgage as fast as you can. Own the asset outright since your mortgage can go "underwater" if the price starts to fall. Also you should learn how to do your own repairs anon.

>>	Anonymous Sat Oct 10 21:30:23 2020 No.23183383 >>23183339 Get back to work nigger and don’t play around or ill boot your ass out on the street

>>	Anonymous Sat Oct 10 21:37:53 2020 No.23183472 >>23183358 you do realise it’s gonna take countries over a decade to fix the financial damage from corona, Probly more and that means rates are gonna go lower or stay on hold for a long, long time

Anonymous Sat Oct 10 21:45:09 2020 No.23183562

>>23175490
>>23175200
>>23174920
>>23174736
>>23179300
>>23179846
>>23179911
>>23179944
Based posters.

Realtor here. The correct answer is to "house hack" Buy an ok property FHA 3.5% down. (leveraged investment). Then rent out the other bedrooms and have them pay most if not all of the costs while you get the benefits of ownership.

Anonymous Sat Oct 10 21:45:30 2020 No.23183567

>>23173531
Fired some fat whore at my work. Had 25,000 in a pension (LOL), rents and has to pay 800 a month on top of that for her medicines or some shit. When she filed for social security she could’ve claimed her ex husbands wages bc they were together for 10+ years but she opted not to. What a fucking idiot

>>	Anonymous Sat Oct 10 21:46:58 2020 No.23183586 >>23183358 this sounds more intelligent than all you house cucks put together. if i buy it's gonna be during a dip with a high interest rate, not the low interest rate designed to attract simps and cucks.

>>	Anonymous Sat Oct 10 21:50:42 2020 No.23183639 >>23183383 It's Saturday, LARPvirgin.

>>	Anonymous Sat Oct 10 21:54:59 2020 No.23183704 >>23183639 classic wagie living for the weekend

>>	Anonymous Sat Oct 10 21:58:24 2020 No.23183750 >>23183704 https://www.youtube.com/watch?v=cxhj1Is7HpY

Anonymous Sat Oct 10 22:16:25 2020 No.23183975

>>23183562
College property owner here. That's what I did after completing my masters. It was a 4 bed 2 ba right off the campus of my undergrad school. Kept the master bedroom and bath, rented out 3 units at 550(perfectly covered PITI) and then converted the basement into 3 unspoken cash only units for 400. Obviously not anymore, but it was awesome for the first two years. It was all gravy after that.

>rent goy! rent until you die!!

>>	Anonymous Sat Oct 10 22:28:18 2020 No.23184111 >>23183975 How'd you afford a down payment right after completing masters? Mommy and daddy paid for your college and or house? This is a board for self made men not leeches like you.

>>	Anonymous Sat Oct 10 22:36:09 2020 No.23184242 >>23184111 Because I majored in and acquired a lucrative job for accounting while having roommates and paying only $450 a month for a room, dumb faggot.

>>	Anonymous Sat Oct 10 22:39:09 2020 No.23184280 File: 30 KB, 640x378, (you).jpg [View same] [iqdb] [saucenao] [google] >>23182836 forever and always >>23184111 >

Anonymous Sat Oct 10 22:39:28 2020 No.23184283

>>23180722
You're a retard. All he needs to do is inflate his taxes for a few years to get $3059/month untaxed from social security. He has 500k so it's easily doable and if he is still working won't cost him more than $10-20k for a few years to get that high of a payment. My dad had nothing for retirement, not even a good social security payout.

Anonymous Sat Oct 10 22:52:44 2020 No.23184437
File: 117 KB, 288x273, 61508906_467651487337011_2368713840004169728_n.png [View same] [iqdb] [saucenao] [google]

>finally moved out of my old apartment with my wife after dealing with nightmare neurotic landlords for a year
>Get deposit back and itemized list of deductions
>150 for professional cleaning, ok, 220 to repaint and resand window sills cause dog scratched em up, 30 for a new lampshade, fair enough...

>90 dollars for internet research to find a new lampshade
>60 dollars to drive to x place to pick up lampshade
>charged us a total of 100 to turn on the power
>600 total charged for extra cleaning they did their own to include deep cleaning of little stuff like the grout and washing their blinds
>etc
>mfw

>out of a 3500 dollar deposit, we get 136 bucks back after their list of deductions

To small claims court I go, boys. Never ever going to fucking rent ever again.

>>	Anonymous Sat Oct 10 22:53:11 2020 No.23184444 >>23184283 >My dad had nothing for retirement, not even a good social security payout. Just because your dad was a high functioning retard doesn't mean the 50 year old fucked up.

>>	Anonymous Sat Oct 10 22:59:11 2020 No.23184513 >>23184437 that’s life anon, when you’re a renter you’re at the bottom of the shit pile

Anonymous Sat Oct 10 23:03:01 2020 No.23184559

>>23184513
Yeah, I guess we just got complacent. Every place we rented before this had really laid back and relaxed landlords who didn't try to fleece the fuck out of us. These current assholes just put their house up on the market so I'm like 99% sure they used our deposit to renovate the place (who the fuck charges 1800 dollars to fix water damage the size of a dinner plate on hardwood floor?) because the pictures on zillow look way nicer and newer compared to when we moved in. I genuinely hope these people fail to sell their condo and it financially destroys them. Even if I only get an extra hundred out of these people I'll be satisfied knowing I made their lives hell for a little bit.

>>	Anonymous Sat Oct 10 23:19:45 2020 No.23184760 >>23173500 rentvesting exists

>>	Anonymous Sat Oct 10 23:30:06 2020 No.23184875 Buyfags get BTFO when mexicans/niggers move into their neighborhoods. They have no response for this.

>>	Anonymous Sat Oct 10 23:33:05 2020 No.23184916 >>23184513 that's not "life". that landlord is a piece of shit stealing from him.

>>	Anonymous Sat Oct 10 23:34:11 2020 No.23184928 >>23184875 this, lol. say goodbye to your precious "equity"

>>	Anonymous Sat Oct 10 23:41:59 2020 No.23185023 >>23173500 In the UK you can't get a buy to let mortgage unless you prove your rent will be 20% more than your mortgage repayment. Nuff said buy and buy quickly!

>>	Anonymous Sat Oct 10 23:47:47 2020 No.23185116 >>23173924 Any over payment comes directly off the capital borrowed. I over pay $350 a month and my term is halved along with my interest.

>>	Anonymous Sat Oct 10 23:51:12 2020 No.23185147 >>23178314 R

Anonymous Sat Oct 10 23:55:05 2020 No.23185188
File: 1.19 MB, 1920x1080, Star Wars - Return of the Jedi Deleted Scene - Yoda is Racist! 0-13 screenshot.png [View same] [iqdb] [saucenao] [google]

>>23173511
>>23173523
>>23173993
>>23178201
>>23178314
>>23185147
https://www.youtube.com/watch?v=j9lG6uCOSH4

>>	Anonymous Sun Oct 11 00:14:59 2020 No.23185397 File: 32 KB, 285x246, anna.jpg [View same] [iqdb] [saucenao] [google] >>23173500 are you guys actually this retarded? >>23184875 >>23184928 Where the hell do you guys live? This has to be b8 right?

Anonymous Sun Oct 11 00:23:02 2020 No.23185479

>>23173875
>if you rent from a sophisticated person or company, they typically already own the building and aren't servicing debt. Any consistent cash flow over maintence costs is a win.
this is wrong for a lot of reasons mainly that a lot of smart money refinances to buy more properties.

>>	Anonymous Sun Oct 11 00:31:19 2020 No.23185565 File: 116 KB, 1252x704, confirmed.jpg [View same] [iqdb] [saucenao] [google] >>23177777

>>	Anonymous Sun Oct 11 00:37:36 2020 No.23185637 >>23184242 Aw mommy paid for your masters degree but your still a real big success aren't you little snookums

>>	Anonymous Sun Oct 11 01:12:28 2020 No.23186087 >>23173500 alternatively just be a Plot(x) head imagine owning a plot of land in 2020

Anonymous Sun Oct 11 01:16:29 2020 No.23186153

Fuck everything is so expensive. Why I gotta pay for this shit.
Worked my ass off for a while and became a software dev but things still look too expensive because god fucking damn is all this shit expensive.
Buy house or rent apartment and invest more?
Fuuuuuuuck I'm tired of more affordable areas being full of mexicans.

What a fucking shit show.

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/biz/ - Business & Finance