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/biz/ - Business & Finance

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52727221 No.52727221 [Reply] [Original]

Buying a house with cash is "fuck you" money.

And that's when you've "made it"

>> No.52727236

no

>> No.52727241

>>52727236
yes now go away

>> No.52727307
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52727307

>NOOOOOO YOU CANT BUY A HOUSE IN CASH YOU HAVE TAKE OUT A MORTGAGE AND USE THE MONEY YOU WOULD HAVE SPENT ON BUYING THE HOUSE ELSEWHERE. OPPORTUNITY COST!!!!!!!!!!!!!!!!!!!!

>> No.52727760

>>52727221
ultimate boss move

>> No.52727785

>>52727307
I mean it's kinda the truth unless you're like $100M rich. If you're $5M rich and then pay $500k for a house in cash you are probably missing out on potential profits that could make a pretty big difference for you.

>> No.52727809

>>52727221
Buying a house with cash is fucking retarded. You need to use debt. If rich people and the government are doing something it probably means you should do it too.

>> No.52727813

>>52727785
Buy a fixer upper or build it yourself.

I just bought one outright in the countryside in bongland for £47k. There's a waterfall out the back window.

My brother paid over a third of a milly to by a mid terrace in Londanistan. Turns out it has no dividing walls. And now the roof is off. Third of a milly for a couple of walls..... sounds fiscally enlightened.

>> No.52727821

>>52727809
Okay pedo

>> No.52727827

>>52727785
>>52727809
>no you must let someone else own your house because everyone does it okay

>> No.52727833

>>52727809
you haven't bought the house until you own the house, you don't own the house until the deeds in your name, the deed isn't in your name until the bank hands it over to you after you've payed off the entire thing + interest for being a good goy

basically you're paying EXTRA to own it some time in the future instead of right now, fuck whatever jewish financial experts you're listening to

>> No.52727837

>>52727221
>>52727221

my friend always uses these terms "fuck you money" "made it" don't get me wrong he is a really great guy but when it comes to money he can be really insufferable. He loves talking about get rich quick schemes, addicted to mr. beast videos etc. but when it comes to financial planning, investing and so forth he is totally braindead.

For example he tells me he has maybe 5 months of paychecks undeposited sitting at home. Like wtf???? He tells me he does not trust himself seeing that much money and he thinks he would just spend it all if he had it in his account. Fast forward a few months he tries to cash one of the checks and it fucking bounces cause boss doesn't have that much money in the account (small biz) . Like seriously.......

>> No.52727856

>>52727833
Do what I did and sell your house at the top of the market, pocket the equity, wait for the market to dump and then buy back in as close to the bottom as you can get. I got $130k for paying my mortgage. It’s as if I lived there for free and then was paid another $30k. Without a mortgage none of this would’ve been possible.

If you must pay for a home outright then have a new one built. Even if you pay cash, you will be paying some bank money for the privilege of living there unless you build your own home.