Why does saying a mortgage is a bad investment trigger so many people?

[Anonymous No.50584589]

>Be me at family dinner
>Anon why don't you buy a house like your sister and *sister's boyfriend* and become a home owner
>Because a mortgage is the worst investment you can ever make, renting gives me the freedom to move around and do what I want at a moments notice and not be stuck down for decades in one place. I have plans to see the world and live in different countries.
>Sister goes red
>Random Aunt: You need to buy a house and stop these silly dreams
>Me: Plus she doesn't own the home the bank does, she had hundreds of monthly payments for decades, if she misses 2 or 3 of those in a row the house is no longer hers
>A couple people go psycho
>Asked to leave the table

[Anonymous No.50584606]

>>50584589
Because they don't know what freedom since they've been enslaved for years.
Women enjoy the matrix. Men don't.
They probably got vaxxed too.
If they did , refer them here
pfizer.com/refunds

[Anonymous No.50584608]

who walked the dinosaur

[Anonymous No.50584649]

>>50584608
the crazy uncle, right after OP left the table

[Anonymous No.50584672]

>>50584589
OK

[Anonymous No.50584827]

>>50584589
you know you can sell your home while paying the mortgage.
if the house raises in value then you make profit.
then go onto the next house.
renting is basically finding a middleman , and someone else if the waterline or electeical system breaks.

this day and age home ownership is a skill in maintenence and repair, and government buruacracy. i dont blame you if you dont have the time , patience and where with all to develop those skills and develop those skills.

[Anonymous No.50584851]

>>50584606
pretty much this.
Op listen to wise anon here. They're projecting female values onto you.

[Anonymous No.50584859]

>>50584589
None of this happened. Family discussions do not go down like "why don't you do x like y did?" unless you're in some pajeet culture where you have to worship the ground any cunt older than you walks on. And if you are part of those cultures that fuck you and your irrelevant ways

[Anonymous No.50584861]

>be le me
>I am so right and smart and cool
>Be anyone else
>Le dumb and mad

[Anonymous No.50584868]

>>50584589

[Anonymous No.50584875]

>>50584868

[Anonymous No.50585128]

>>50584589
>Be me at dinner with my girlfriend's family
>We talk about home ownership
>Her brother, who lives in his parents' basement, is enraged by this topic
>I ask him if he's ever kissed a girl
>He starts crying and leaves the table
>We all laugh

[Anonymous No.50585150]

>>50584589
I bought a house, but travel the world. Right now I am locked in @2.3 for 27 more years, and making a couple hundred every month renting it out.

[Anonymous No.50585207]

>>50585150
>b-b-but... the bank owns your home!!!! You're a slave!!!

[Anonymous No.50585246]

>>50584589
Because you're retarded. A house is an asset, you can move somewhere else and rent out or sell the house. Once you've payed a months rent you've lost that money.

[Anonymous No.50585261]

>>50585128
It's literally me, but no money and no champ player nfts.

I think I should consider moving out on my own

[Anonymous No.50585264]

>>50585150
fuck you and your investment house nigger
its people like that you that priced out normal people from being able to afford a home to raise a family

[Anonymous No.50585290]

>>50585207
I get that line of thinking, but Im also building equity.
>>50585264
one man buying one house is NOT the issue with the housing market. I actually bring stability because Im not a flipper or a big corporation just looking to make a profit. If you really want to be mad about something be mad about these huge hedge funds scooping up entire neighborhoods all over the country

[Anonymous No.50585310]

>>50585246
>retarded
>payed

Mortgage fags really are braindead

[Anonymous No.50585315]

Hooming is only retarded if

>You live in a shithole like Canada or NZ with an unreasonable housing market
>Your mortgage is half your income
>Your mortgage is more than a third of your income and you've set in on a fixed rate on really low interest rates
>You might need to move for work
>The house is so old and fucked you're constantly fixing shit and doing renovations

Hoomers are typically like, lower level white collar or construction workers who get their parents to give a deposit for the downpayment and twiddle their thumbs expecting the low interest rates to last forever.

[Anonymous No.50587328]

>>50584827
where·with·al

/ˈ(h)werwiT͟Hˌôl,ˈ(h)werwiTHˌôl/

Learn to pronounce

noun

the money or other means needed for a particular purpose.

"they lacked the wherewithal to pay"

Idiot.

[Anonymous No.50587357]

>>50584859
My uncle yelled at me because I didn't want to go to university.
I asked if he would pay for my books and shit, he said no, I said then how the fuck could I afford it and then called me lazy even though he never worked construction or roofing before.

[Anonymous No.50587365]

>>50584861
Yes.
If I had the money to buy a house I would buy a couple acres of land and a trailer.

[Anonymous No.50587378]

>>50584589
Kek your family is retarded. You made valid points and showed your viewpoint and the benefits of doing the opposite.

[Anonymous No.50587380]

>>50585207
Don't pay taxes and work under the table then.

[Anonymous No.50587394]

>>50585246
https://www.policygenius.com/taxes/what-happens-if-you-dont-file-taxes/
Five years in federal prison I guess.

[Anonymous No.50587397]

>>50584589
its not an investment its a liability read a book please

[Anonymous No.50587415]

>>50585246
The correct past tense of the verb pay is paid, as long as the word is used in the financial or transactional sense. If the verb pay is used in a nautical sense, the correct form is payed. What can you do with the verb pay?
Man I hate being poor and I hate this site.

[Anonymous No.50587429]

>>50585315
>>You live in a shithole like Canada or NZ with an unreasonable housing market
I mean you can buy an acre or two of land and a trailer for 15k to 25k but good luck with schools, hospitals, going to the store or even having neighbors.
>t.former leaf.

[Anonymous No.50587627]

>>50587429
>I mean you can buy an acre or two of land and a trailer for 15k to 25k

In some dead community way the fuck off in the middle of nothing maybe. In any area with a hope of finding a job prices are unreasonable. Even the cost of lumber to build something on your own is fucked, in a country full of fucking trees.

[Anonymous No.50587667]

>>50584589
People really hate it when you say the "the bank owns it" thing. They bought into the propaganda, don't mention reality

[Anonymous No.50587671]

just buy a cheap house so you never have to pay rent ever in your life

buying expensive real estate is dumb but owning a house is not dumb at all

you will regret it when you will be 65 years old and still a rentcuck

t. still a rentcuck but going to buy a CHEAP house soon

[Anonymous No.50587687]

>>50584875
His research is excellent, why can't you leave him alone? Leave gender out of this.

[Anonymous No.50587704]

>>50584589
Because mutts are brainwashed by jews to believe living off loans is a normal thing.

[Anonymous No.50587711]

>>50584589
>>Random Aunt: You need to buy a house and stop these silly dreams
I don't believe this story happened but I hate boomers since we all know they lived "the good life" and only try to make you "settle down" because they're seething you're young. They are legitimately the worst fucking generation of backstabbing motherfuckers.

[Anonymous No.50587741]

>>50584589
>asked to leave the table
You should leave that whole circus of npcs and start your own paterfamilias anon. These retards don’t ask you for you thoughts, they want you to validate their choices and share their misery.

[Anonymous No.50587751]

>>50584606
90% men are npcs and they “enjoy” globohomo as much as females.

[Anonymous No.50587806]

>>50584589
It's alien to most people to think that being chained to a debt trap is anything other than utterly normal.
To their credit though, it is not 100% a bad idea. Rents can be high and that money doesn't give you any long term investment back. Even if they lose the house, they still get back some value of the principal paid down (probably get ripped off not withstanding).
I'm at the age now (mid-40s) didn't save enough, all-in on crypto, I will never get a mortgage now (not a 25+ year one anyway). I could easily die before being able to pay it off. Would rather pay in cash having first saved.

[Anonymous No.50587814]

I bought a 3 bedroom apartment for 80k in 2008, now worth 250k. It has been fully paid for years and I rent out 2 of the rooms. A nice 4k from both every month.

[Anonymous No.50587848]

>>50587671
Cheap normally means one of two things:
city/town - high crime
rural - low crime but zero local services. Have to drive an hour to get to a supermarket.

[Anonymous No.50587856]

>>50584875
slightly?!

[Anonymous No.50587871]

>>50587848
just leave the US dumb fuck
i'm in bulgaria i can have a rooftop apartment for 150K in the middle of the town

[Anonymous No.50587875]

>>50587814
you're presumably in your 40s and bragging about having 2 roommates. you're making a lot of money, but at what cost to your personal life?

[Anonymous No.50587890]

>>50584589
Keke. The seethe and cope in this thread is excellent. You missed the boat on home ownership. Maybe next round you will be a little smarter. Bank on 10 plus years wojack.

[Anonymous No.50588003]

>>50587875
Divorced a while back but all my kids are already graduated. I use my money to travel and buy dumb pricy things I like. Atleast from me I'm living great.

[Anonymous No.50588014]

>>50584859
>Family discussions do not go down like "why don't you do x like y did?" unless you're in some pajeet culture
My family is like this and I'm pretty sure I'm a Europoor.

[Anonymous No.50588078]

>>50587871
>>50587871
>just leave the US dumb fuck
I don't live in USA you dumb fuck.
In western Europe none of these things are even options.
Moving country and leaving behind roots is also an option majority of people (for good reason) will not take.

[Anonymous No.50588088]

>>50588078
stay poor then
not my problem
bitch

[Anonymous No.50588113]

>>50588003
sounds fun but i can't imagine having roommates.

[Anonymous No.50588147]

>>50584589
>can leave at a moments notice
>never goes anywhere except to move to another apartment
>dreams of freedom but actually his only freedom is going to a new schawarma food truck
>is an incel
>will always be an incel

[Anonymous No.50588150]

>>50584589
Oh yeah buying my house which has risen in value by six figures since I bought it was such a bad investment. Oh no what will I do when my house has increased in value by more than I paid for it? Such a horrible decision. And to top it all off, my wife and kids have a roof over their heads and a backyard that they have to play in. It’s unbelievable!!! Someone help me!

[Anonymous No.50588192]

>>50587751
Completely retarded take, bitch

[Anonymous No.50588386]

>>50585290
>I get that line of thinking, but Im also building equity.
Barely. Your bog-standard average income, 30 year fixed rate, 20% down, 75% of your mortgage payment is still evaporating after you consider maintenance, interest, property tax, and insurance. The remaining 25% is effectively an investment paying whatever the difference between your savings account's interest rate and your mortgage interest rate is. In this day, a very low-yield investment. It's really only worthwhile if housing prices go up, which relies on your government having shitty housing policy that will exacerbate housing shortages. Even then, you can only cash in on that increase in net worth if you sell and move to a smaller house or a cheaper area.
>>50587667
The bank doesn't own your house. If the bank sends someone and they demand to move in to the house, you can call the cops and have them removed under threat of state violence. You have the right to violence on your property and that means you own it.

[Anonymous No.50588535]

>>50587814
>50k annual on a 250k property
I'm going to call bullshit on this

[Anonymous No.50588718]

>>50588150
Heh, you dumb slave... don't you know the bank owns your house!? Meanwhile I don't own anything and I'm happy! I just rent! The bank doesn't own my studio apartment, Mr. Goldstein does and HE is the slave, not me! Also, having wife and kids?! HAHA DONT YOU KNOW HOW EXPENSIVE DIVORCE AND KIDS ARE!? Slavecore!

[Anonymous No.50588746]

>>50588150
>Oh no what will I do when my house has increased in value by more than I paid for it?

long run average it barely outpaces inflation. and even if it didn't, what value does it have when all other houses have increased at a similar rate? having the security of a roof over your head is great, but you aren't some financial genius.

[Anonymous No.50588849]

>>50588746
I think he's just countering the fud that every homeowner is somehow underwater, the main point is he has a roof over his head for him and his family that he controls ("bank owned" or not). I don't understand this perception that every homeowner is looking to flip their house and isn't just wanting a place to live for their family while building equity to reasonably profit IF they have to relocate instead of just giving money to someone else to be allowed to have shelter (no, that's not an ironic statement because of a mortgage, lets be real).

[Anonymous No.50588878]

>>50584589
because it's where most people start and finish investing

that said, it demonstrably isn't a bad investment assuming you necessarily have to rent as an alternative
in fact, many boomers sleepwalked into riches just by getting a mortgage and nothing else
you could have gotten a mortgage at any time before last year and be well ahead now
over their lifespan, mortgages are no brainer investments
however it's true that renting gives freedoms a mortgage doesn't but "freedoms" are not a factor in financial investments: they are a personal quality of life issue you sacrifice finances to improve
>Plus she doesn't own the home the bank does, she had hundreds of monthly payments for decades, if she misses 2 or 3 of those in a row the house is no longer hers
this is a complete non factor to anyone who isn't a worthless nigger
if you are actually at any risk of ever defaulting in your mortgage you were ngmi from the start

[Anonymous No.50588970]

>>50585264
Go on biz to rage at people who make good financial decisions because it's just not fair? Can't you find a faggy communist forum?

[Anonymous No.50589222]

>>50588878
Finally someone ITT who’s not a complete fucking retard

[Anonymous No.50589342]

>>50584589
I'll buy a house when bureaucrats respect me as a citizen.

[Anonymous No.50589384]

rentoids are the most retarded type of people . yeah good idea to pay for someone else's investment HAHAHA niggers

[Anonymous No.50590094]

>>50584589
If you are going to get a mortgage, make sure you have a way to pay it off, like DeFi staking rewards from MAXX finance or Yearn.

[Anonymous No.50591094]

>>50588386
You dont even know the price of the house and my monthlys. Zoom out on the housing chart...yeah the prices go up. And even if theres a crash, who cares I still have tenants paying rent and no desire to sell. I can cash in on net worth and take equity out of the house if I so choose

[Anonymous No.50591231]

>>50584589
You can just go on vacation to see the world. Renting is dumb. A mortgage is just a means to avoid renting.

[Anonymous No.50591289]

>>50587848
No, cheap can mean very small (1 br or 2 br) house in a good location

[Anonymous No.50591345]

>>50584875
i guess this time it really was a man.

[Anonymous No.50591431]

>>50584589
You’re dumb.

>buy home in non retarded area
>air bnb your guest house or basement
>free mortgage
>tired of your city?
>move and air bnb your home and make 10x your mortgage each month

Meanwhile…
>your 60s era apartment has no insulation
>roaches
>immigrants and foreigners literally 6 inches away from you
>landlord that will buttfuck you
>$2-5+ per square foot plz

[Anonymous No.50591534]

>>50591431
>insane delusions of someone who has never used an airbnb in his life

[Anonymous No.50591560]

>>50584589
>say something retarded
>get called out
>"the hekin normies are so mean!"

[Anonymous No.50591665]

>>50584589
bad news anon, you're retarded
try reading this book

[Anonymous No.50592471]

>>50585315
>Your mortgage is more than a third of your income and you've set in on a fixed rate on really low interest rates
Why is this a bad thing?

[Anonymous No.50592499]

>>50584827
>home only goes up
Mortgage markets are grosely overleveraged that rents are better at managing liabilities than owning the damn think + the dollar being worth shit and you have deflation. Germany collapsed from one day to another on hyper inflation and were starting to cope with it a century later. Mortgages are the baghold of a ponzi, the carrot hanging off the donkey.

[Anonymous No.50592662]

Why does everyone keep thinking that the economy and mortage payments will be fine and dandy when we hit 25% unemployment and the dollar is worth shit? Were living in a time as of now were the music is about to stop and retracement to cheap credit will plumit our standards. Homeownership is turbing the usa into a thirdworld shithole were the added benefits of crime will outpase or social cohesion because those that have from the have not's will finaly meet in the streets

[Anonymous No.50592748]

>>50584589
>family
Lol
Gaaaaaaaaaaaaáâæāąªyyy

[Anonymous No.50592916]

>>50584589
I just applied for a mortgage and they offered me 5.375% interest rate. Should I take it?

[Anonymous No.50592935]

>>50584589
because if you go against group think you're automatically ostracized. no debt? normies will think you're a retard. same thing with being unvaxxed. most people with mortgages are usually fat, unhealthy, and have severe mental issues.

[Anonymous No.50592996]

>"i have plans to see le world and live in le different countries"
>the price of travel has inflated by like 100000% in recent years

epic maymay

[Anonymous No.50593088]

>>50587814
Missing housing crash and low interest rates are the biggest fomo I've felt in life.

[Anonymous No.50593135]

>>50588150
Unless you paid it all off in cash up front, most interest rates means you'll pay double the cost of the house in interest by the end of a 30 year mortgage.

[Anonymous No.50593256]

The problem I have with mortgages is that you are setting a chain in your neck, becoming the perfect wageslave. It became the "portfolio" of the masses and they will do everything to keep it, this means that the job market specially the corporate have free reign on the work conditions since most people can't afford to lose their job. Of course a sane person will have some type of plan(emergency fund, unemployment insurance) but most normies live paycheck to paycheck with 0 savings.

[Anonymous No.50593606]

>>50584859
>>50588014
Europoort here, also taught to respect my elders.
Thought Americans did aswell?

[Anonymous No.50593628]

>>50584589
>>50584606
>>50593256
>>50593135
>>50588746

Imagine not understanding the concepts of opportunity cost and leverage.
>Bought house 2 years ago
>~15K down payment
>Mortgage is 2.8%
>Appreciated 80k
>Net the difference

It's a bit of a pain in the ass to buy or sell, but show me anything else that can give 6x return in 24 months that easily by just not being a complete idiot.

>Home prices DON'T need to out perform inflation, the need to outperform your interest rate. Common misconception for the financially illiterate.

[Anonymous No.50593660]

>>50584589
because they want to believe government will never fail and their mortgage investment will rug

[Anonymous No.50593763]

>>50593628
Your returns actually decrease as your equity increases because you lose leverage

[Anonymous No.50593863]

>>50588386
>If the bank sends someone and they demand to move in to the house, you can call the cops and have them removed under threat of state violence. You have the right to violence on your property and that means you own it

renters can do this too and they dont own it. hoomers pay property tax and if they dont pay it they get evicted with the threat of violence by the government. The government owns it, you dont

[Anonymous No.50593946]

>>50584827

This. Not to mention a mortgage is a fixed housing payment (as long as you're not a pantsu-on-head retard and get a variable rate loan instead of fixed), meanwhile rent can be raised at the whim of your landlord and oops, now you can't afford to live there and have to move out. There's really no good reason not to buy a home if you can afford the mortgage unless you only plan on living in an area for a relatively short period of time.

[Anonymous No.50593957]

They're unironically right and you're a fucking moron. The entirety of the American economy is built around pumping up and propping up the housing market. You've willingly, delusionally decided that you're going to forego this lifetime of appreciation and EZ capital buildup, because you're an irresponsible manchild that wants to think of nothing and let his landlord collect the returns instead.

Stupidity is one thing, ignorance posturing as wisdom is possibly the most dangerous thing in the world.

[Anonymous No.50594003]

>>50591431
>move and air bnb your home and make 10x your mortgage each month
many cities dont allow airbnb short term rentals. chicago nyc etc. there is taxes to deal with and airbnb tenants arent perfect schoolboys who will take care of your place like its thier own. tanpons flushed down toilet , washer and dryer used everyday, dishwasher run just to run it, running heat or ac with windows open, list goes on

[Anonymous No.50594093]

>>50593946
>meanwhile rent can be raised at the whim of your landlord and oops, now you can't afford to live there and have to move out
thats not true. many cities like seattle nyc sf LA have rent control to prevent price going up after contract

[Anonymous No.50594134]

>>50593763
Exactly - I can take out equity, sell, or just pay it down which isn't necessarily a bad approach, just a financially conservative one.

Additionally, rent increases with inflation where as a fixed rate mortgage won't. Property taxes, insurance, HOA sure, but these should account for <50% of your monthly payment thus a lower impact from inflation relative to renting.

>>50593957
Also this- USA has a socialized residential housing industry at this point (as opposed to healthcare lol). Only reason people really have for not doing it is "its hard"

[Anonymous No.50594251]

>>50593628
>Appreciated 80k
>Net the difference

thanks I am excited to buy people's houses for 50% more than 2 years ago. taking a loan out for $300k more with a worse interest rate sounds like great investment advice

[Anonymous No.50594878]

>>50592916
Sounds like a steal anon! A steal of your life for the next 30 years!! Better have those three grand on the bank every month okay? Three grand! No excuses, economy shit the can? Not my problem, remember to have those three grand on the line goy

[Anonymous No.50594993]

>>50594251
yeah you fucking mongloid wait for the prices to come back down
>>50594878
dummy, your still going to have to live somewhere. you probably live in your crack whore moms basement but most people need a roof over their head. and youre going to pay for it one way or the other, rent or mortgage, at least after a 30 yr mortgage you have something. what do you have after 30 years of rent payments probably a new corvette for the landlord

[Anonymous No.50595858]

>>50585246
Once you pay property tax, it's no longer yours.

[Anonymous No.50595924]

>>50593628
>average 1.1% property tax
>around 3% for transfer costs
>5% for real state agency
>at least 0.5% maintenance yearly cost

Yes selling a property is pure profit, not taking in consideration your mortgage payments for two years.

[Anonymous No.50595962]

>>50584589
>Because a mortgage is the worst investment you can ever make, renting gives me the freedom to move around and do what I want at a moments notice and not be stuck down for decades in one place. I have plans to see the world and live in different countries.
You and your sister are both gigantic faggots.
Yes if you don't plan on staying in one place for more than five years or need the flexibility then renting is better.
However if you plan on settling down then buying is almost always better in the long term then renting.
I hate this fucking black & white min-max society so fucking much goddamn it just have a reasonable fucking discussion they're your goddamn family

[Anonymous No.50596151]

>>50584589
NPC's programming bugs out if you challenge any of their normie ideals
>you have to buy a house anon
>but theres better inves-
>BUY A HOUSE AHHHHHHHHHH

[Anonymous No.50596424]

>>50584875
based trade tranny lyn alden

[Anonymous No.50596515]

>>50584589
kek based

Next time tell them over their lifetime theyll pay triple for their cuckguage. Then flip the (presumably rectangle) table

[Anonymous No.50596555]

>>50584589
>pay rent
>get nothing in return

>pay mortgage
>eventually own house

[Anonymous No.50596617]

>>50584589
>get mortgage on 4 bed house
>rent it out to family
>small passive income every month and mortgage paid for
>rinse and repeat
Stay poor, you idiot. Only the eternally destitute don't use leverage

[Anonymous No.50596625]

>>50594993
>wait for the prices to come back down
Anon, I…

[Anonymous No.50596636]

>>50596515
also teach them the importance of etymology. Again, flip the table

[Anonymous No.50596720]

>>50584589

When you buy a house on mortgage, you also buy the bank a house. Why do you think they tell you all your life that it's your dream to buy a house? The American Dream.
>https://www.youtube.com/watch?v=mII9NZ8MMVM

The money that they lend you is gotten out of thin air. They get it free.
>https://www.youtube.com/watch?v=4AC6RSau7r8

You don't own your house, even after paying it off. You have to pay rent. They don't call it "rent" though, because that would make it obvious. They call it "property tax". If you don't pay your rent, the owner will kick you out.

You need "allodial title" to really own the house.

The solution is to spend as little as you can on a place to live. If you want to "own", buy property and build a house on it. But you can lose a lot by "owning" (watch the coming months). You can't lose your ass by renting. Buying or renting is a rip off, so spend as little as you can on it. If you want to be free.
>https://www.youtube.com/watch?v=ToNQotXYX-A

[Anonymous No.50596827]

>>50585128
kek this is 100% what happened

[Anonymous No.50597769]

>>50594993
>live somewhere
What are a)rv b)parents some c)rent with friends and family d)save
Its going to be a turnoff when mouthdrooling retards APE into a house that they cant afford and wonder why the price of their cage keeps lowering. This ponzi is due anytime when a whole generation is robbed of society by degenerate overleveraged gambling addicts. What the hell happened to the USA. So much for freedoms when youre so cut up on debt, its main attraction is pissed away by jews and their stupid cow.

[Anonymous No.50597846]

>>50596555
>pay for mortgage for 30 years
>loose mortage the following year because youre no longer employed
>rent for another 5 years
What makes you think you will keep your job? I work in construction and even as essencial as ibfrastructure shit the can in 08, cant wait for all you zillow fags kys when the ground shakes under because you were so smug and smart

[Anonymous No.50598017]

>>50593863
>renters can do this too and they dont own it.
If they have a contract signed with the homeowner, yes. The homeowner can choose to not renew it and then have the state enact violence afterwards to remove the tenant. My bank can't just take my house back so long as I am making my payments on time.
>The government owns it, you dont
True a fortiori the government having the monopoly on violence in society.

[Anonymous No.50598096]

>>50584589
This is the most pathetic shit I ever read. I’m glad you learned to love your Landlord though, I guess that is the only way to cope with being homeless.

[Anonymous No.50598099]

>>50595858
do you not realize your landlord is passing on the cost of his property tax / mortgage payment onto you, the rentcuck?

[Anonymous No.50598184]

>>50585315
Please explain to me like I am a retard. I never bothered beginning to research buying a home because I make $65k in SoCal. I was under the impression that a fixed rate at low interest rates was exactly what you search for in a home. Isn't a variable rate risky as fuck?

[Anonymous No.50598210]

>>50587751
They all want to be neets and dependent on the state or someone as well, and if you bring up owning a home they seethe even tho property taxes and usury are of the devil

[Anonymous No.50598250]

>>50584589
This didn't happen, but thanks for stoking the flames of the eternal landcuck vs rentoid debate

[Anonymous No.50598274]

>>50584589
Any loan under the rate of inflation is a great investment you dumb monkey

[Anonymous No.50598303]

>>50585128
OP btfo

[Anonymous No.50598460]

>>50584589
the stick is the only thing that remains once you know that the carrot is unreachable.nobody wants such a horse.

[Anonymous No.50598597]

mortgage slaves are the foundation of jewish power unironically

[Anonymous No.50599160]

>>50596555
>pay mortgage
>80% of your mortgage payment is going towards the interest
>pay additional taxes and fees
>spend more money paying people that don't directly go into the house than just renting

[Anonymous No.50599605]

The housing market, and the resulting mortgages is no doubt a Jewish trick that is the backbone of their financial system, however, if you play the game correctly it's a way to earn financial freedom. Why should the swamp dwellers be the only ones to profit off their kikery?

> Buy first home with my own down payment and parents co-sign (self employed so I pretty much needed a co-signer or jump through 1001 hoops)
> Rent it out, with the rent covering the mortgage, maintenance, misc fees and taxes, with a tidy $100 profit a month
> live at home saving money (I still pay rent but obviously way less)
> Refinance first property in a couple years, use that and saved money to buy another rental property, repeat
> repeat again

Only making +- $1000 a month on 4 properties after expenses but now I have 500k in available equity with a steady income stream that will be bringing a in $16k a month and $3 million in available equity once I retire in 25 years, if rent and property values stay exactly as they are right now.

Imagine NOT being a landlord.

[Anonymous No.50599620]

>>50584859
Not true at all. As a younger man my mother continuously told me what I needed to do compared to other relatives. "You really need to go back to school and get a business degree, maybe then you can join at X like your cousin did." "You need to save money up, you're going to need a car in a few years and you don't have the money right now." That sort of thing. For most western cultures it just tones down as it gets older and you become more wise with your money.

[Anonymous No.50600136]

>>50588088
Bro you live in Bulgaria, rich for you is homeless in the developed world

[Anonymous No.50600163]

its triggers them because it exposes you as a complete retard

this leads them to blame themselves for the way you turned out

[Anonymous No.50600391]

>be me
>sat at table
>eating alone
>silence

I wish I had a family to argue with about meaningless crap.

[Anonymous No.50600466]

>"own" a home
>skip a payment to Mr. Taxberg
>government takes your home

[Anonymous No.50600500]

>>50600466
>rent a one-bedroom shed
>skip a payment to Mr. Shekelstein
>cops evict you and throw your shit out on the street

[Anonymous No.50600503]

>>50599605
>once I retire in 25 years
i kek'd