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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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50966624 No.50966624 [Reply] [Original]

>if your parents live in a $500,000 house they are losers
is he right?

>> No.50966705

when did he say that

>> No.50966752

>>50966624
When I think about it.. my parents paid about $160k for their house about 35 years ago. Today that same house is worth about $750k.

Meanwhile, I paid $500k for my house 5 years ago and today it's worth $850k.

It really is the time to sell, right? I mean, no way this kind of growth sustains... in 30 years if I get the same returns as my parents I get to ~$2.3MM. So I've done 35-40% of my anticipated 35 year gains in just 5 years. Selling seems like the move.

>> No.50966783

>>50966752
dude we entering a hyperinflationary era, its not transitory, all that money printing has come to roost and they ARE NEVER GOING TO STOP
hang on to that house, it will be worth 10 million dollars in 30 years

>> No.50966820

>>50966783
but that also implies $10MM isn't much. It's all relative. My point is I can likely make more money re-investing the capital elsewhere at this point.

>> No.50966848

Guy's just making up his entire schtick as he goes along by this point.

>> No.50966893

>>50966820
If USD inflating to hell and stock market crashes from recession, you cannot do so easily or reliably.

>> No.50966923

>>50966752
Hey listen fucker, just buy another house and rent it out. Don't sell your existing house. Signed, Anon

>> No.50966942

>>50966752
lol and wtf do you think 2.3mil will be worth in 30 years? a tank of gas?

>> No.50967022

>>50966942
The only issue is jews have run amuck everywhere they can't exploit us and then go to their next host, the jews of the past were much more conniving and innovative and today they have grown to be much to lax. It will be very difficult to weasel their way out of this one they will probably just pin the tail on the man of white and slither off wherever said man of white will not be.

>> No.50967051

>>50966893
>stock market crash from recession
You invest. Just like investing in 2008-2009 or mid 2020, guaranteed money for most stocks. Unless it accelerates into Great Depression 2.0 but that’s unlikely these days with the way they prop up markets.

>> No.50967069

>>50966624
>Mom bought my pad for me and will let me have the proceeds when she sells it
I pity the anon whose mom is not AT LEAST this generous

>> No.50967199

>>50966624
>>50966705
He said "$200k" house and I believe it was the one he talk about the kid who fanboyed over him that had parents that smoked weed
Sammy boy is a rich kid spoiled brat art student but at least he puts out decent content from time to time (which I find and watch for free so I can steal from him)

>> No.50967304

>>50966624
How does he seemingly manage to live in a hip apartment and constantly buy new shit like clothes and German miller office chairs?

>> No.50967822

>>50967051
>with the way they prop up markets
They will continue bailing out and proping up until it's impossible to live for the bottom 50% with rent being more than they make on minimum wage then shops cease to have anyone to run them etc and society collapses.

People will attempt to elect a literal Hitler to fix the problem before we reach that point but the elections will be rigged.

Collapse seems the inevitable outcome.

>> No.50967911
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50967911

>>50966624
37 years old and he still has no family? Why should I take take his advice?

>> No.50967943

I just finished watching this episode…what are the odds of that lol.

>> No.50967947

>>50966624
My parents paid 200k for a house in the mid 90s and sold it in 2018 for 1.5 million.

How does that make them losers?

>> No.50967958

>>50966752
As long as the planes full of immigrants keep flooding in, the prices aren't going to crash that much.
The problem is the demand is absolutely insane and the government wont allow you to build enough house to meet the demand (That would upset their precious boomer voting block)

>> No.50967961

>>50967947
He’s not talking about 30 years ago retard

>> No.50967981
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50967981

>>50967961
>He’s not talking about 30 years ago retard

>> No.50968023

>>50966624
you should be very selective with Sam's advice, worldview, etc. it's meant to specifically cater to people 'like him' but younger, or 4chan types, so it may seem like it's very insightful and specific to you! but there's little to nothing you can gain from him that you can't elsewhere, or on your own, and the reason why you should be doing that instead is because he churns out blackpills like crazy and honestly is not that funny. the other thing sam constantly does in his hydewars videos is rationalize his previous failures - not for you to learn from them, but for you to understand why they weren't actually failures and how actually he's a genius. like that episode where he says he was so passionate and immersed in his graphic design projects he neglected to do his own laundry.

>>50967199
>Sammy boy is a rich kid spoiled brat art student
who simply invested in crypto and now acts like he's a financial genius, when in reality he's one of the least fiscally responsible people out there.

>> No.50968034

>>50968023
>acts like he's a financial genius
yes, sherlock
it's an act. it's comedy. you should go back to r3ddit and trade irl stocks, you fucking retarded homo

>> No.50968113

>>50967981
Do always post photos instead of an argument? Get the fuck off of my board and go back to R*ddit.