/biz/ - Business & Finance

[Anonymous No.53384035]

I just want to own my own home holy shit.

[Anonymous No.53384061]

>>53384035
Same, I’m just going to build my own when I’m like 40 or some shit this fake market will continue forever

[Anonymous No.53384103]

>>53384061

Hey, I want to do the same thing. I think I want to try to build a log cabin on a forested plot of land, using the locally available materials for the frame, etc. Do you think I can teach myself as I go?

[Anonymous No.53384109]

and then you will be depressed living along and you wished you had a bigger place in a different city or a country

[Anonymous No.53384118]

>>53384035
Hey! That's anti-semitic

[Anonymous No.53384120]

>>53384035
So buy one?

[Jealous No.53384123]

>tfw you think owning your home will stop the burglars and rapists

[Anonymous No.53384140]

>>53384035
if you where serious you will realize its not that hard.
not all houses are in california and mortgages exist. the difficulty starts when you try flipping it or renting.

[Anonymous No.53384152]

>>53384035
>>53384061
>>53384103
>>53384109
>>53384120

>Go on facebook marketplace or craigslist
>look for a home that matches your search criteria
>message seller and say you will give them full asking price if they are willing to do a land contract aka seller financing
>make terms 10-50% down, remaining balance paid out over X amount of years at 3-7% interest
>make sure you go through a local title company

this way you avoid banks and can close fast. if anyone has any questions I'll answer them when I wake up. if you can afford to pay rent, you can afford to own a house with the method I laid out - dont give up on the dream of ownership

[Anonymous No.53384159]

>>53384140
the point is that even with a mortgage you don't actually "own it"
Once you pay that off, you're still paying rent to your local government in the form of property tax

[Anonymous No.53384167]

>>53384152
If someone is willing to play ball that could work out pretty well, but when the market is hot they probably don't want to mess with it
Need to wait for the market to go into the deep freeze and I'm sure some people would do that for a sale.

[Anonymous No.53384170]

>>53384152
> 10-50% down
Vast overestimation of wealth.

[Anonymous No.53384173]

>>53384167
market is cold right now, i've done this several times. both buying and selling side

[Anonymous No.53384181]

>>53384170
125k property

50k down
75k balance
$1560 payment x 48 months
5% interest


didnt calculate interest into payment but you get the point. I have never gotten a mortgage on any of my properties ever.

[Anonymous No.53384183]

>>53384035
>investing in the future of clownworld
nigger i want a submarine

[Anonymous No.53384185]

>>53384103
You can teach yourself to do anything other people can do, building things is second nature to man

[Anonymous No.53384350]

>>53384152
>10-50% down
property is like 800K to a mil here.

[Anonymous No.53384364]

This sentiment is why a housing market crash is years away

[Anonymous No.53384388]

>>53384035
>I just want to own my own home
those times when common people used to own homes are long gone
it's not your fault you don't have any chance
sorry you were born into modern slavery times, pretend everything is fine and work to pay taxes and rent

[Anonymous No.53384396]

>>53384181
Payment is double what I could pay, and 50k down is about 10x out of my range, and that's if I liquidated everything right now.

[Anonymous No.53386045]

>>53384118
>Owning a home is bad for the environment! You should really think about moving into a shipping cont-ER, I MEAN, a tiny home.

[Anonymous No.53386158]

>>53384103
>>53384185
I am interested in going off the grid and becoming at least semi self sufficient.
If I was to build a log cabin on my own, would one acre be enough and what are some good recourses to use like books that show how to build log cabins?

[Anonymous No.53386178]

>>53384350
Imagine spending 1m for a property then what? You'll be sitting their holding your dick.

[Anonymous No.53386189]

>>53384396
>50k down is about 10x out of my range
You should not even remotely be considering home ownership.

[Anonymous No.53386218]

>>53384035
same. i'm about at a breaking point with apartment life.
>small kitchen enraging me with lack of working space
>puerto rican neighbor revving his shitbox car's engine at midnight
>downstairs neighbor smoking weed inside for the 3rd time today
>yet another person moving out because mr. shekelbergowitz jacked up rent 10%
i see some of my neighbors raising a family in an apartment -- nigger cattle, in the truest sense.

[Anonymous No.53386545]

>>53384035
The real estate market here is purely to make us suffer. The greediness of the companies handling these properties is beyond inhuman and I do not wish mercy upon any of them.
>>53384152
If you are american you can just move to another state and buy an acre or half acre or something with minimal funds. Even if the land sucks at least you can build on it and store your stuff there. I would kill just to get a place where I can live in peace before I fucking lose it completely. Every day here is a brutal reminder that I am trapped like a rat in rent hell.

[Anonymous No.53387447]

>>53384159
You can jew your prop taxes down to almost nothing if you are rural
>>53386545
You can get a half acre for like 1,000 dollars in some parts of the country, but you will be camping until you get a structure up

[Anonymous No.53388565]

>>53384035
home, wife, dog, car. I have none.

[Anonymous No.53388610]

>>53384035
Boomer Billy could work as a janitor for 2 years and then buy a new house outright.

[Anonymous No.53389004]

>>53388565
>tfw car and dog

[Anonymous No.53389016]

>>53384035
Just have $300k cash you can get a nice suburban home in a midwestern state with low tax burden. See if you can guess which state.

[Anonymous No.53389038]

>>53384152
>>message seller and say you will give them full asking price if they are willing to do a land contract aka seller financing
This sounds like an egregious amount of risk as a seller for only 3-7% interest. I'd never sell to some rando like this.