/biz/ - Business & Finance

[Anonymous No.24384101]

>buy house in September
>worth 21k more than what I bought it for already

Who Home-chad here?

[Anonymous No.24384161]

>>24384101
Where do you live that you can buy a house for 21k

[Anonymous No.24384218]

>>24384101
>losing 5-10% in realtor fees and taxes on that sale
lol this is why houses are illiquid retard

[Anonymous No.24384235]

>>24384218
You get far more than that in this market.

Renting is a scam.

[Anonymous No.24384247]

>>24384101
>Thinking that a depreciating consumer good is an asset
>Believing Zillow/Redfin “value” (price) estimates are real

Ngmi

[Anonymous No.24384284]

>>24384161
His picture is from Tulsa so probably there
You can get like 5 acres for 40 grand out there

[Anonymous No.24384311]

>>24384101
Did someone make you an offer for 21k over what you paid? Or is that just the property assessment intended to cuck you on taxes?

[Anonymous No.24384353]

>>24384101
Here. Bought a house in July and it’s already increased by about the same amount. Expected to increase in value by another 22k over the next year

[Anonymous No.24384391]

One of my biggest regrets is not buying a house 5 years ago when I graduated. I was so focused on paying off my student loans. But even after I did that, I didn't buy because I wanted to put money in my investments. I really want to buy within the next year. I've wasted like $55k on renting.

[Anonymous No.24384417]

>>24384353
Enjoy getting raped by property tax increases. Municipal budgets across the country are in huge deficit because of corona chan (many of them already were in trouble, but now they’re really fucked). Property taxes are moving up quickly all over the place.

[Anonymous No.24384419]

>>24384391
It's never too late. I felt the same. My bud bought in 2014 for about 200k and its worth about 125k more today but it doesnt seem to be slowing down. Get in while you can.

Houses are also p fucking comfy.

[Anonymous No.24384422]

>>24384101
>bought house for 240k
>worth about the same 1 week later
am i fucked anons?

[Anonymous No.24384475]

>>24384284
Too bad it’s Tulsa.

[Anonymous No.24384556]

Cool story bro. My stocks went up 60% just last week AND, unlike your cuckshed, I can sell in a matter of minutes.

[Anonymous No.24384605]

>>24384101
>be making minimum wage in 2015
> buy 6 bed 3 bath home in rough shape for 148k with fha loan, 3.5% down
>fix up home and rent out 3 spare rooms to friends and family
> refinance in 2019 and pull 120k from home, put most of the money into metals and crypto
> 2020 home is worth 425k and friends and family rent pays mortgage and utilities off entirely

[Anonymous No.24384614]

>>24384284
>>24384475
>picture is from Tulsa

Pretty sure the guy in OP’s pic is literally named Chad and was a contestant on the bachelor or some dating show. He was fucking hilarious and bullied all the other contestants then got kicked off for being an asshole. I’m not a homo I just saw clips on YouTube

[Anonymous No.24384668]

>>24384556
This

[Anonymous No.24384691]

>>24384218
>mr shekelberg increases your rent by 5-10% the instant your lease ends
oy vey buying a bad idea. now pay my rent, goy!

[Anonymous No.24384723]

>>24384668
>not having stocks and land

Never gonna make it

[Anonymous No.24384732]

>>24384311
renting is for cuckholds but arbitrary property tax assessments are the most cucked shit imaginable. i fantasize about driving a railroad spike through the skull of county bureaucrats, realllll fuckin slow so i can look into their glassy kike eyes and watch their brains scramble in real time.

[Anonymous No.24384783]

>>24384732
People vote for stupid programs and needless projects and then get surprised when property taxes go up. It’s hilarious and sad at the same time. That is why the wealthiest people always vote with their feet.

[Anonymous No.24384813]

>>24384723
Yes but most people are way over leveraged in land and will get absolutely fucked in a bear market. Smarter to only invest 10% in real estate - the rest in stocks, which are safer AND historically have a higher return on investment AND you don’t get cucked by yearly property taxes.

[Anonymous No.24384851]

>>24384783
i live in southeast PA so it's always school. as if spending an extra $2000 per student will suddenly make niggers not get straight F's and drop out of middle school to sell crack cocaine.
>mo money fo dem programs

[Anonymous No.24385005]

>>24384161
Learn to read wtf. OP clearly says it's at (cost +21K) right now

[Anonymous No.24385012]

>>24384605
Based

[Anonymous No.24385047]

bought 5 BTC at 4k ea and you know the rest.

[Anonymous No.24385064]

>>24384851
Yikes philly area blows. Run while you can.

[Anonymous No.24385107]

>>24384101
>Bought a house two years ago for $140k
>Been renovating it, 15yr mortgage, paying extra
Money's been tight, but when I sell this I should clear $100k easy, hopefully 250k on the sale. 1 acre, 2 bed/2bath 1500 SF, oceanfront in Maine.
>Mortgage just dropped under $100k

[Anonymous No.24385152]

>>24384732
Based

[Anonymous No.24385204]

>bought crypto this Friday
> up 21k already

Homes are for living and accumulating land for generational power. Not for flipping like some Jew landlord

[Anonymous No.24385231]

>>24385064
I wanna neck myself so bad. I get jewed left and right here but all my friends and family live here

[Anonymous No.24385277]

>>24385231
could be worse. i moved down here (i live in southeast bucks) for the (((job market.)))

i'm getting a 100% remote job asap and this nigger shithole fucking subhuman waste modern day gomorrah hellhole can suck the shit out of asshole.

[Anonymous No.24385302]

Should I buy a house or rent an appartment frens

[Anonymous No.24385391]

>>24385302
Buying a crackshed is better than renting.

[Anonymous No.24385416]

>>24385302
Do whatever is cheaper. Invest all your money in crypto and PLTR.

[Anonymous No.24385494]

>>24385302
Do what I'm doing. Buy a house and rent rooms to friends to payoff the principal quicker then refinance and swim in a comfy profit.

[Anonymous No.24385498]

>>24385107
>250k on the sale. 1 acre, 2 bed/2bath 1500 SF, oceanfront in Maine
Where the hell is a place like that for 250k?? It has to be middle of nowhere Maine right?

[Anonymous No.24385564]

>>24384101
Brought a condo at 260K USD a year ago.
Now it's worth 400K USD

[Anonymous No.24385579]

>>24385107
You don't have ocean front in Maine for $140 bud

[Anonymous No.24385610]

>>24385498
Look at a map of Maine, it's pretty much right on the middle of the coastline. Not a bad spot by Maine standards, 15-30 minutes to the nearest large towns, hour to the cities. It was in really rough shape when I got it, the only reason for the purchase price. Being on the ocean was at least half of the cost when buying it

[Anonymous No.24385649]

>>24385579
K, boss.

[Anonymous No.24385693]

It' just another huge load of DEBT until you sell it. Even when you do sell it unless you are moving to a CHEAPER city, state or country you are just trading house A for house B.

Also there is a housing crash coming so you will be reckd.

[Anonymous No.24385713]

>>24385564
And you've only paid 190k in taxes and (((building fees))) in that time period. Good job champ.

[Anonymous No.24385778]

>>24385005

autism

[Anonymous No.24385814]

>>24384101
>bought house in August
>worth 10k more than what I paid
>29 yo and never writing another rent/mortgage check to the jew landlord again
feels good man

[Anonymous No.24385820]

>>24384691
>>mr shekelberg increases your rent by 5-10% the instant your lease ends
5-10% on the per month rental cost sucks, but it doesn't suck as much as 5-10% of the home price

[Anonymous No.24385829]

Bought at 240k euros. Worth 280k with 20k make over. +20k in less than a year.

Feels good.

[Anonymous No.24385858]

>>24385814
It does feel good. Just remember, Zestimates are mostly garbage.

[Anonymous No.24385912]

Florida chad reporting in

Bought house for $162000 in november 2016.

House worth $311000 today

1400 square feet with a pool. Corner lot. Needs new everything.

Hoping the housing market holds up 1 more year. I did one of the no downpayment program deals and i can leave till december 2021

[Anonymous No.24385943]

Yeah 20% YOY house gains are definitely normal and sustainable. I'm sure houses being more valuable than ever before in history, in both real and nominal terms, is a completely cool and normal trend that can sustain itself indefinitely.

It'll be so fucking sweet watching this bubble pop in the next year or two while BTC rockets to 100k. Airbnb slumlords losing their shirts will be the best part of it all.

[Anonymous No.24386010]

>>24384391
This is why I lived with my parents after graduating college. Was lucky enough to get a job in my hometown and finished the loan off in a couple years. I'm getting into the markets now but have no plan to buy a house anytime soon

[Anonymous No.24386050]

>>24384247
>Doesn't know the difference between market appreciation and tax depreciation.

80 IQ, ngmi

[Anonymous No.24386062]

>>24385693
>Also there is a housing crash coming so you will be reckd.

People been saying this for the past 6 years

[Anonymous No.24386064]

Have fun when BLM/Communists takes over the government and declares your home POC property.

[Anonymous No.24386134]

>>24385943
Prices will continue to go up until the next big cosmic phenomenon gets confirmed and reality sets in for normies.

tldr; expect prices to go up until the very end

[Anonymous No.24386212]

>>24384417
Can confirm.
My property taxes went up 15% versus last year with no discernable reason.
Cities are going broke and Taniqua that works at the local govt office would like us to pay mo money fo dem programz.

[Anonymous No.24386221]

>>24386134
What about the eviction moratorium at New Year's? Foreclosure crisis very possible.

[Anonymous No.24386259]

>>24385713
kek, peak rentoid cope fantasy

[Anonymous No.24386276]

watch out for the based burlar anon from this morning

[Anonymous No.24386299]

>>24385302
depends where you live, look up some maps that compare rent/buy costs and find your county

it's better to buy in all flyover areas
bigger urban areas, it depends - places like NYC it is (broadly) better to rent

also factor in how much of your income is based on mobility. if you are permanent WFH just go live flyover and comfy

[Anonymous No.24386338]

>>24386062


Nah he is correction. Moratoriums expire january 1st.

19 million people are 3 months behind or more.

Compare that to 2009 when only 3.3 million lost homes.

The crash will be pretty fucking epic unless the moratoriums go on or the fed does something to stop it

[Anonymous No.24386339]

My sister spend $2000 a month renting a studio in Chicago. I spend that month on my mortgage in the burbs outside nashville.

Renting is a joke.

[Anonymous No.24386479]

>>24386338
I’m fully expect to see an extension on some of the moratoriums, unfortunately. I also think we’re going to see another stimulus that will probably have cash payments around double what the last one was. As frustrating as this is for me, someone would like to buy cheap real estate, I think it will be necessary to prevent mass homelessness and violence.

[Anonymous No.24386567]

>>24386479

Im not betting on another stimulus.

A double dip recession is already baked into my portfolio cake. Mitch has repeatedly been against a stimulud larger than $400 billion...he only wants unemployment extension

Even if one gets passed its wayy too late to save 4Q earnings and estimates.

Most people got the first stimulus didnt even bother putting it towards mortgage or rent because it wasnt enough and things like auto insurance, food and healthcare were a higher priority

[Anonymous No.24386573]

>>24386479
>I think it will be necessary to prevent mass homelessness and violence.
cuck

[Anonymous No.24386577]

>>24386339
you can get cheaper rent in a "nice' part of chicago

chicago also has way better paying white collar jobs than nashville. though if she is just a low tier wagie, i agree with you that nashville is better for her

[Anonymous No.24386609]

>Bought Condo in 2019 150k
>1 year later worth 20k less.

I have a hate for niggers and homeless that will not go away.

[Anonymous No.24386652]

>>24386573

He isnt wrong tho

No way they 19 million foreclosures happen. Again compared to 2009 of only 3.3 million...look how much that affected the population

[Anonymous No.24386679]

>>24386609
>buying a condo
Ngmi

[Anonymous No.24386736]

Bong here.
Bought first house in London in 2014 for £430k
> but anon, London is full of brown skins etc etc
Spend 6 years enjoying living in a fun city.
> but anon owning a home is a meme, you're cucking yourself to the banks
Selling my house for £600k and moving to the country mortgage free with my equity.

If you don't own property you're ngmi

[Anonymous No.24386825]

>>24386338
banks will extend terms of mortgages and ask for a bailout from fed govt. or maybe banks will evict people then hold the houses in inventory and artificially inflate prices because they control the market... while still getting a bailout.

>Listen, and understand. That jew is out there. It can’t be bargained with. It can’t be reasoned with. It doesn’t feel pity, or remorse, or fear. And it absolutely will not stop, ever, until you are in debt.

[Anonymous No.24387255]

Bought home last year for $70k, could sell for $110k now because of all the people fleeing cities

[Anonymous No.24387304]

>>24384101
Bought four shitty apartments worth 100k each before real estate boom, now worth over 200k each.

[Anonymous No.24387344]

>>24387255
>bought
>$70k
>in 2019
Where the fuck are houses $70k? You live in the armpit of West Virginia or something?

[Anonymous No.24387439]

$8700 per square meter here (Oslo), will probably never afford even a parking lot.

[Anonymous No.24387450]

>>24386064
take your meds

[Anonymous No.24387465]

Stock market appreciates the same rate as house market, the difference is I can actually realise my stock market gains and do something useful for them. You can't realise your house gains because you must live in it.

[Anonymous No.24387685]

one hour drive outside Chicago, rural area

[Anonymous No.24387756]

>>24387344
Only two bedroom, built in 1940s, previous owner was rich old lady that kept it in primo condition

[Anonymous No.24387795]

>>24386212
I made a thread the other day that taught neets when they cash out why they should purchase municipal bonds for this exact same reason.

Your property taxes are going to skyrocket once the next collapse happens in the next 6 months to a year.

[Hermetic Schizo No.24388410]

>>24387795
How do you purchase those

[Anonymous No.24388939]

Buying a home in March was the biggest mistake I've made.

If I invested in Bitcoin instead of using it as a down payment it would have tripled.

The 5% increase in equity during that time is wiped out by fees when purchasing and selling, not to mention inflation.

[Anonymous No.24388968]

>>24388939
>he didn't make the sellers cover closing fees

You aren't doing it right.

[Anonymous No.24389149]

>>24386221
Buy the dip, there will be hundreds of millions of climate refugees soon heading to the West. Big bucks to be made.

[Anonymous No.24389283]

Are condos worth it bros? I'd be living alone, so I've been weighing the pros and cons.

On the one hand, I'm a bit of a night owl and I don't want to disrupt wall/floor neighbors with any autistic noisiness.

On the other, having people nearby increases your overall security. A lot less likely to be robbed since the driveway is never really "empty."

[Anonymous No.24389319]

>>24384101
How does it feel to contribute to one of the greatest pyramid schemes in history ? You are now locked in, be a good little save and pay your property tax to keep my streets clean. Also thanks in advance for paying my realtor friends salary and helping my monthly UBI by paying that steep transfer/capital gains tax. You're a good guy

[Anonymous No.24389350]

>>24389319
Remember OP, after the new laws, 50% of that 21k will go towards buying ipads for Jamal

[Anonymous No.24389402]

Lmao you can't even buy a crack den for 21k gtfo lmao

[Anonymous No.24389486]

Going to crash in 2021. Stay mad OP faggot

[Anonymous No.24389613]

Some of you retards are fucking illiterate. He said it’s worth 21k MORE not that it’s worth 21k. Stupid niggers.

[Anonymous No.24389663]

>>24389613
You can’t even buy a house for 21k

[Anonymous No.24389822]

>>24389319
Doesn't matter if you move to an area where Jamal doesn't go to school

>>24389402
An illiterate wsb refugee, I see. Get outt

[Anonymous No.24389936]

>>24386134
>Prices will continue to go up until the next big cosmic phenomenon gets confirmed
Unless a housing crash is the phenomenon

[Anonymous No.24389979]

>>24384605
Absolutely based

[Anonymous No.24390010]

>>24386825

Dont assume the FED will do anything. These are normal people....its already getting finnicky about its current balance sheet of 7 trillion. The fed may put the pressure on congress and i dont see any indications congress wants to take on such a massive moral hazard

[Anonymous No.24390016]

>>24389663
I think BTC needs to be at least a mil to give everyone on this board a fighting chance at life

[Anonymous No.24390057]

>>24385064
I second this. I was living in university city and southwest Philly for a while just because it was close to work, the first year was fine, but then my Jew landlords wanted to raise rent and south philly even with the gentrification is a fucking shit home, same goes with university city, specially being closed to west philly and the antifa hubs, philly is just such a fucking shit hole which is a shame because us native Philadelphians are generally nice, the city is actually really cool with tons of awesome stuff to do and great history , but these fucking transplants are ruining the housing market and also the city laws. Right now I’m comfy living at my parents in the northeast, the housing market is still decent here but I’ve seen a few newer developments already being bought out by chinks and being sold at a premium with the tax abatement to Jews and others chinks, it’s just so tiresome.

[Anonymous No.24390068]

>>24390010

One thing is for sure..the market priced in that something will be done.

But that could easily change. The road ends with somebody losing money or somebody losing a house. Those are the only 2 outcomes for these 19 million behind on mortgage.

[Anonymous No.24390131]

>>24385713
Lmao pure rentcuck cope. Your property taxes won't be even close to $190k on that property you brainlet.

[Anonymous No.24390164]

>>24384101
>worth 21k more than what I bought it for already
no it isn't anon, not unless you've already sold it.

[Anonymous No.24390304]

>>24384101
>bought
If you could afford to outright buy anything that's not a shit shack, then you wouldn't be bragging about 21k. You're just renting from the bank, but you're on the hook for property tax and maintenance costs.

[Anonymous No.24390861]

>>24388410
I was monitoring that thread and did some more research.
You can buy some if you sign up for a brokerage account with Fidelity, which acts as a dealer. Or you can look them up and buy direct from the issuer in some cases. I'm looking at the portfolio compositions of some muni-bond etfs and just googling the individual bonds:

https://screener.fidelity.com/ftgw/etf/goto/snapshot/portfolioComposition.jhtml?symbols=VTEB

[Anonymous No.24391071]

>>24387439
that are serious numbers

[Anonymous No.24391107]

>>24384161
Retarded ESL

[Anonymous No.24391174]

>>24384235
Anything that isn't a lifestyle like the works of Homer or the Norse Eddas is at base a form of cuckoldry.

[Anonymous No.24391592]

>>24384605
Absolute Chad

[Anonymous No.24391650]

>>24385610
I fucking hate you right now