/biz/ - Business & Finance

[Anonymous No.51381076]

What percentage of your net worth should your home be?

[Anonymous No.51381134]

>>51381076
"should" lol why do you let others dictate the things you "should" do in life. the beta energy is radiating from just that one sentence

[Anonymous No.51381145]

>>51381076
100% best investment when you catch the knife

[Anonymous No.51381159]

>>51381076
200 %

[Anonymous No.51381163]

i dont remember where i heard it but i thought it was no more than 50%, but also don't refinance just to hit that split

[Anonymous No.51381176]

>>51381076
Ideally 20-30%. But if you don't own a home, obtaining one should be your first priority. Everything else comes second. When you do own a home, you can start funneling your leftover income into other things

[Anonymous No.51381190]

>50% into home
>50% into ETH and MATIC
>Live like a king, invest like a king

[Anonymous No.51381211]

>>51381159

[Anonymous No.51381218]

>>51381076
>>51381159
>>51381211

300% final offer.

[Anonymous No.51381290]

Is a house even a part of your "net worth" if you have a mortgage?

[Anonymous No.51381370]

>>51381290
initially no, only the down payment. Equity is the difference between the current worth of the home (ideally equal to purchase or inflation-adjusted higher over time, or if you have damage or improvements appropriately adjusted) and the remaining principal on the loan. So as you pay over time, your equity increases until your home is paid off in full. I purchased a home for ~140k financed, and the home is currently worth ~160k. I have paid off to the point of 80k principal left on the loan, so my equity is around 80k now. Banks will want you to refinance (start a new mortgage) so you can tap into that equity and pay for other shit, but this is a banker's trick to keep receiving interest for longer. don't fall for it. Your priority should be paying the loan off, not being a debt slave paying interest permanently.

[Anonymous No.51381431]

>>51381076
0% cause you never own your home when you have to pay tax on the land to a bunch of goons.

[Anonymous No.51381453]

>>51381076
why would you waste money on that shit? just rent and reinvest your savings into a more productive asset
if you wanted to diversify into real estate you're better off putting money in a couple of reits

[Anonymous No.51381496]

>>51381453
he doesn't live free and own a Mercedes RV bus.

[Anonymous No.51381524]

In terms of NW, it doesn't matter. What matters is your monthy payment and that percentage of your income. Virtually no one under the age of 40 has their home paid off.

[Anonymous No.51381532]

>>51381524
it's designed that way. it's called debt slavery.

[Anonymous No.51381552]

>>51381453
Fucking retard rentoids never learn
Owning property makes your life incredibly easy

[Anonymous No.51381574]

>>51381076
0 month rent is ideal
i didnt paid rent the last 14 years and i cant imagine doing ever again.
i would rather live in a van than paying rent

[Anonymous No.51381578]

>>51381431
Ironic you’d call owners goons when you’re the one paying our mortgage off for us while we ride appreciation.
“But the maintenance and taxes” that’s all you fucking rentoids can ever say about ownership that cost doesn’t even reach over 10% of appreciation over 10 years

[Anonymous No.51382012]

>>51381578
he means the government, retard. If you don't pay the government, they fuck you over. Landowners that owe the government yearly are just rentoids paying a far lower rate.

[Anonymous No.51382056]

>>51381453
That sounds so smart until you realize your house is the safest and biggest leveraged investment you’ll ever make. Taking out a 5-8x long for several hundred thousand dollars when you’re a wagie? No. Doing the same with a house? Yes. My strategy beats your incredibly handily.

[Anonymous No.51382093]

99,9%
considering you already own at least 800K Chainlink tokens (LINK)

also fuck niggers and jews

[Anonymous No.51382097]

>>51381370
> but this is a banker's trick
Same “trick” as a mortgage, they offer this because smart people want it, if anything it’s a consumer “trick” to continue exploiting the high, relatively safe leverage offered by banks using your house as collateral.

[Anonymous No.51382119]

>>51382012
Guess you’re just renting your body then because if you break the terms of the lease (the law) the government will take it away from you.

[Anonymous No.51382255]

Time for a meta point.
this stuff, how owning property and using leverage in a mortgage will increase your wealth, should not have to be explained on a business board, but /biz/ has always been a bit dumb, that’s ok.
What is not ok is the fucking constant noise of fucking absolutely brain dead lefties shitting up the board these days, seething about landlords and costs and business in general, derailing the threads and basically being all “retards! nobody can own property, just rent it from the state! All property owners should be killed so housing becomes free! Investing is a sign of greed and corruption!!”
This is completely useless noise. Nobody wants to hear your shit! And the only way we can clear our board from this infection will be to treat these commies the way they deserve to be treated, with absolute vitriol and hate, fucking drive them out, either ignore them completely or tell them why they are wrong and then fill the post just letting them have it, use every rhetorical trick you have to break them down, aiming for them to kys but at the very least never to return to our board. They have no business here and they can go take their disgusting diarrhea shits somewhere else.

[Anonymous No.51382448]

>>51382255
good post

[Anonymous No.51382456]

>>51381076
0% unless you want to be left holding the bag on a generational bubble.

[Anonymous No.51382851]

>>51381211
>>51381218
>>51381159

[Anonymous No.51383335]

Is there any benefit to owning an apartment/unit as an occupier? I can afford to own a nice one outright in a good area but the houses I can afford are all in bad areas.

[Anonymous No.51383855]

>>51381176
That’s retirement level. Going by a lifetime of 50% of all expenses related to housing.
25% in home
25% in investments to cover housing expenses (tax, insure, utilities)
50% in investments to cover all other expenses

[Anonymous No.51385868]

>>51381076
Which home?

[Anonymous No.51385917]

>>51382851

[Anonymous No.51385958]

AAAAAAAAAAA A KITTY SO KYOOT MYAU MYAU

[Anonymous No.51385964]

>>51381076
i dunno, maybe like 30 percent to be generous..

[Anonymous No.51386091]

>>51381159
average canadian