Why the hell would you ever own a House?

[Anonymous No.55026773]

These assets yield like shit. In Canada the average Condo/House is bringing in about 3% cash flow BEFORE TAX... after tax the net income of a renting a house or condo out is about 2%, and if you have any unpredicted expenses it's more like 1%.

The return on asset for a house is literally around 1-2%.... meanwhile there's stocks yielding 10% on their free cash flow and earnings. I will never buy a real estate property unless there's a massive correction. I'd much rather just pay my $30k rent on my MILLION DOLLAR condo, and if I ever get a million dollars I'll have it earning me 100k a year.

[Anonymous No.55027583]

canada isn't a real country

[Anonymous No.55027954]

>>55026773
Yep renting is like the bell curve meme. It's done by the super dumb and the super smart. The midwits buy the properties.

[Anonymous No.55027975]

>>55027583
This. I automatically ignore any posts and comments from Canada. Irrelevant.

[Anonymous No.55028977]

>>55026773
>Canada

Great, another braindead entitled Zoomer wondering why he can't afford a house in Hongcouver or GTA.

[Anonymous No.55029310]

>>55026773
>>55027954
>bought my house in an all-cash deal for $350k in 2020
>Redfin says it would cost $3,250 per month to rent an equivalent house
>therefore I only need to live in my house for 108 months aka 9 years before I've got my money's worth
>since I've lived here for 3 years, only 6 more years to go
>and when the nine years are over I'll still own the house, which is currently valued at half a million dollars
>so after nine years I'll have an asset worth half a million dollars and soicuck the renter has nothing even though we both spent the same amount of money to live in equivalent homes over the last nine years

rentoids are retarded

[Anonymous No.55029372]

>>55029310
This.

But also: its sucks giving some tool the power to a) kick you out of where you live for any fucking reason, b) raise your rent and affect the amount of disposable income you have

Enjoy your shit sammy, renter

[Anonymous No.55029391]

>>55026773