/biz/ - Business & Finance

[Anonymous No.53608915]

rentalsisters…homeowners are openly taunting us now

[Anonymous No.53608930]

*raises property taxes in your path*

[Anonymous No.53608942]

>>53608915
>sisters

You’re posting in a jew thread.

[Anonymous No.53608948]

>>53608915
well, no shit it did from the 1900s to now
how about from 2023 - onward

shit's fucked nowadays

[Anonymous No.53608958]

>>53608915
Shouldn't have been a fag and bought a house then.

[Anonymous No.53609482]

>>53608915
I told my parents this and they told me to fuck off

[Anonymous No.53609606]

Threadly reminder that RE is a horrible investment and that even in the last 12 years (literally the best 12 years ever for SFH) houses have only doubled in value while QLD e.g. has 20x. A $40k down payment in 2010 invested in the market instead of wasted on a boomerbox would now be worth almost $1m

[Anonymous No.53609615]

>>53608948
2023-2025 will be the best few years to acquire real estate and you're going to spend your years crying about it on the internet instead.

[Anonymous No.53609634]

>>53609606
QLD was an inch away from being liquidated and bankrupt in March of 2020.

[Anonymous No.53609657]

>>53608948

[Anonymous No.53609703]

>>53608915
It called inflation retard!

[Anonymous No.53609758]

>>53609657
So all we need is another WW to drive down the price

[Anonymous No.53609877]

>>53609634
We had a -49% day in March '20 dumbfuck? QLD survived the GFC, and would have survived the dotcom if it had existed at the time

[Anonymous No.53611583]

>>53608915
>I did nothing to earn this
*I voted for politicians to stop new housing from being built

[Anonymous No.53612084]

>>53609606
Owning your own home is a fairly significant cost-saving if you don't move much.
Mortgage payments are usually lower than Rent, and you get most of it back as illiquid equity.
The only actual losses are interest expense and taxes, which is generally less than half the price of rent.

Furthermore many people have mortgages are disgustingly low interest rates. Like US Treasuries have a higher interest rate, making it easy to arbitrage across rates, with debt hedging against inflation.

[Anonymous No.53614802]

>>53612084
>if you assume something that hasn't been true for years then houses are a good investment!!
Again, the down payment alone properly invested, even if you'd bought in the nadir of the post GFC market, would be worth more than the house is worth now. "Muh savings" (which again, hadn't been true for years) is false economy, the ultimate divie trap

[Anonymous No.53614838]

>>53609615
usa annual population growth is 0.1% but go off

[Anonymous No.53614897]

>>53614802

You have to live somewhere. You have to. You might as well put the housing payment towards semi-good use. No, there is no universe where burning it into a trash pile (renting) is the superior investment. It's like anything else. Find a valuable/worthwhile house in a good area, pay, and sit there. You will come out ahead vs. renting.

[Anonymous No.53616061]

>>53608915
>increased enormously
In nominal or real terms? This is important.

[Anonymous No.53616133]

>>53614897
>>53614802
>>53612084
>>53609606
Opportunity cost. Yours and other anons are allowed to be different.

[Anonymous No.53616170]

>>53608915
I mean, that's what investing is

[Anonymous No.53616243]

>>53608915
Imagine being a bank right now.
>We just locked a retard into paying us 6% APY to buy a piece of shit house from the 1940s for $850,000 over the course of 30 years and we did nothing to deserve this

[Anonymous No.53617064]

>>53616243
This pretty much. In London their paying $900,000 for a shit post-war terraced house in the suburbs pic related.

[Anonymous No.53618857]

>>53614897
>No, there is no universe where burning it into a trash pile (renting) is the superior investment.

>Own a house
>HVAC goes out
>"That'll be $15k plus labor"
>Pipe busts
>"$5k pay up bitch"
>Tornado tears roof off of house
>Insurance company: "lol your roof was over 15 years old maybe if you replaced it the tornado wouldn't have hit ur house"
>Foundation issues
>"Have you considered selling your burde--erm, house and making it someone else's problem?"

Sure, there are a lot of perks to owning a home, but home maintenance is a money pit in itself.

And no, homeowner's insurance doesn't cover any of this stuff, even when they should, because insurance companies are run by The Long Nosed Tribe.

[Anonymous No.53618924]

of course they did.
you think land would appreciate if they rented out to niggers or let other brown animals infest their location?

[Anonymous No.53619163]

>>53608915
Just because it takes more money to buy something doesn't mean its value has increased. Your money is worth less.

[Anonymous No.53619868]

>>53609657
>everything goes up after 1971
wow I wonder why

[Anonymous No.53619876]

>>53618857
>Insurance company: "lol your roof was over 15 years old maybe if you replaced it the tornado wouldn't have hit ur house"
Don't forget
>we will be drooping you now, have a nice day.

Home insurance is one of the biggest fucking scams ever.

[Anonymous No.53619922]

>>53619868
What's crazy is people think that how it is now is the norm and will continue into perpetuity.