/biz/ - Business & Finance

[Anonymous No.55140026]

>renting an apartment

[Anonymous No.55140044]

>>55140026
>signing a 30 year loan on a 1300 square foot plywood box in southeast nebraska for $83.7k and bragging about it on 4chud as if you're landed gentry

[Anonymous No.55140048]

>>55140026
>2 decades of debt for bricks

[Anonymous No.55140105]

>>55140048
>2 decades of using the same money or more for NOTHING

[Anonymous No.55140116]

>>55140026
>Having Future taxpayers pay your landlord for your shelter while breeding mold

[Anonymous No.55140376]

>>55140026
>30 year fixed rate mortgage

[Anonymous No.55140413]

>>55140044
>>55140048
>>55140376
found the rentoids

[Anonymous No.55140422]

>variable rate mortgages

[Anonymous No.55140426]

Yeah I'll give you a house
>Just uhhhh
>uhhhhh
>...pay my mortgage
kek

[Anonymous No.55140440]

>>55140413
you're renting from the bank for 30 years. and then you're renting from the state until the day you die.

[Anonymous No.55140598]

>>55140440
Nice cope rentoid but when you rent you're paying the owner's "rent" to the bank and state PLUS TIP and you get nothing when you move while the owner gets hundreds of thousands of dollars when he sells.

[Anonymous No.55140626]

>>55140598
Don't forget to pay your "property" taxes goyim

[Anonymous No.55140673]

I plan on paying down 80% of my house before i am 40. I have about 10 years to do so. 90% of my networth is in BTC and I am currently at six figures.

Pay off the remaining mortgage at stupid low payments, pay taxes like a good citizen, use rest of my income for maintenance on house and other recreational activities.

Why is '20% down' and/or '30 year mortgage' the norm? Why would you want to be a debt slave?

[Anonymous No.55140690]

>>55140598
landlord margins are like $200-300/door unless the property is paid off in full. i'll gladly pay this, since it means not being liable for anything beyond rent. now chop chop, wagie! the roof is leaking and local/state law says you need to fix it ASAP or i am legally entitled to withhold rent.

[Anonymous No.55140720]

>>55140690
That's terrible, I make 10x that on my rentals. I don't feel comfy overextending though, a couple triplexes is fine for me. I also pay a firm to manage them.

[Anonymous No.55140736]

>>55140720
>I make 10x that on my rentals.
anon i'm an accountant who is looking into buying a multifamily home myself. i know how to run numbers and create financial models. we both know you're lying.

[Anonymous No.55140868]

>>55140440
keep coping, at least what i'm paying is going towards something unlike yourself

>>55140690
every situation is different, the house i recently got has a $2,900 mortgage i rented the upstairs for $2k and live in the bottom section. i'm easily paying my mortgage (building equity) + while paying less than what rent is at in my area win win AND also no down payment! since i utilized my VA home loan

[Anonymous No.55140884]

>>55140736
You got me, it's actually 8x and I rounded up. Coastal city, rent is retard price these days. Sometimes I can't believe how much people pay to still have shared walls and no equity but then I remember Vancouver BC is even worse. I doubt it's sustainable long term which is why I don't overextend.

[Anonymous No.55140904]

>>55140673
>Why is '20% down' and/or '30 year mortgage' the norm? Why would you want to be a debt slave?

because the average person isn't competent enough to save 80% lol

also it's very stupid putting that much into a house when you can literally grab 80% of whatever you're putting down and throwing it into an index fund which will yield you a higher return

[Anonymous No.55140955]

>>55140868
>bragging about sharing your home with a stranger
>>55140884
>it's actually 8x and I rounded up
no one believes you.

[Anonymous No.55140999]

>>55140955
>he doesn't believe people can make $1600/door on renting out a triplex
Stay poor then I guess.

[Anonymous No.55141001]

>>55140955
no one here is bragging babe, just stating the pros when you're just cherry picking on "cons" typical rentoid *sigh*

[Anonymous No.55141002]

>>55140868
>Veteran
>landlord
Congratulations on being the most jewish poster on /biz/

[Anonymous No.55141025]

>>55140999
i believe that you're a low IQ retard who is ignoring most of the costs associated with your property and landlording. go ahead, post your numbers and i'll rip them apart.

[Anonymous No.55141028]

>>55141002
go ahead seethe for me

[Anonymous No.55141032]

>>55140955
You are a coping rentiod nigger who has gaslighted himself into thinking owning a home is somehow more cucked and worse off then renting because you can’t cope with the fact you’ll never own a home

[Anonymous No.55141055]

>>55141032
i work remotely and am buying a house in cash (100% down payment) next summer in my rural hometown. taking out a 30 year isn't a proud accomplishment -- it's a scenario that is engineered such that the average retard can accomplish it, because the bank will make hundreds of thousands of dollars off the loan over the course of 30 years of repayment.
>MUH HECKIN RENTKEKS
>P-PRICED OUT
have fun making payments for the next 337 months, faggot retard.

[Anonymous No.55141119]

>>55141055
>100% down payment
why anon, just put that shit into an index fund instead

[Anonymous No.55141179]

>>55141119
im not confident in
1) mortgage rates dropping below 6-7%
2) long run average s&p 500 exceeding 6-7%

[Anonymous No.55141230]

>>55140026
Answer me this one mortgageoids
So you pay say $800 monthly, $9,600 yearly for food, and that's a cheap budget making your own foods n shit, delivering fast food you can x10 that
So 10 years of that budget is $96,000
50 years is $4,800,000.
That's a lot of money spend on food.
And where's your equity at the end of it? Where's the thing you own at the end of it?
It doesn't fucking exist.
You took that food, put it through your body, got the sustenance and the pleasure from it and that's it.
If you aren't a dumbass, you'll see it's the same with shelter. In life you rent everything from nature and you have to give back everything you own when you die. When you journey into death you can't take shit that you've built up in this life. There is no real ownership of anything just renting everything, borrowing everything. Remember this.
Home 'owners', you've been lied to by a system which takes advantage of you selling you shelter for an immensely massive mark-up under the guise of 'ownership' so they can make more money off of you and use that money to buy more things, have more power over others, and enjoy more pleasures of the body. And your subconscious knows this. And so you go on /biz/ and seethe about 'rentoids' knowing they're redpilled and based deep in your heart.

Sad

[Anonymous No.55141254]

>So 10 years of that budget is $96,000
>50 years is $4,800,000.
My bad I meant 50 years is $480,000. Everything else is the same though

[Anonymous No.55141406]

>>55140026
Taking out a mortgage would beat renting in my opinion only if the down payment wasn't a factor. Mobthly rents aren't that much less than mortgages now. The 200-300k you dump into the home as a down payment however is money that theoretically could be making you more money, either with government backed things like t bills or even bonds or simple stocks. 100k in JEPI would give you 10k at the end of the year, 0 effort. Once that money is in a down payment its gone.

The only way a mortgage would beat this out from a money perspective is if the value if the home increases yearly such that it outpaces any other potential investment, so your downpayment could be said to accrue value with time like any other investment. With birth rates looking at stagnating in the future, life expectancy going down in the USA, and increasing automation and AI taking peoples jobs I anticipate decreased demand for homes as less people will be looking to buy homes because they will be either dead or homeless and out of the job living on welfare in cuck sheds. Historucally thr value of homes has only ever increased but you never know.

That said the idea of having to live in some other faggot's property like a bitch for the next 10 years is annoying and I'll probably do the VA home loan thing like anon above. In which case I am simply the bank's bitch.

[Anonymous No.55141432]

renting is just throwing money into a black hole
better to have a mortgage, you can't easily get a safer 6:1 leverage anywhere else really.

[Anonymous No.55141473]

>>55141179
instead of buying a home 100% cash, i'd just rent and weather out the storm of wild rates while being in a comfy index fund

last 20 years the s&p has yielded on average 10% which isn't bad at all depending on how much the price of the home you're buying is

>>55141230
interesting argument, but making a direct comparison between buying food and buying a house is cope because the two purchases are essentially unrelated lol food is a consumable good that is meant to be eaten quickly and does not increase in value over time. a house is a long-lasting asset that frequently increases in value and is a durable asset.
the idea of owning a house includes earning money and accumulating assets in addition to providing a place to live. homeownership can give a return on investment if the property increases in value over time, in contrast to rent, which often offers no return. you can also use the equity in houses to finance other ventures or other necessities. unlike money spent on rent or food, you can transfer the value of an asset to heirs/beneficiaries.
your whole argument suggests that the system is exploiting homeowners by selling shelter at a "massive mark-up," but being the rentoid you are you fail to account for market forces and the role of supply and demand in real estate pricing. the price of a home isn't just based on its cost to build, but also on its location, size, condition, and numerous other factors.

[Anonymous No.55141509]

>>55140026
not a mortgagecuck or rentcuck. i actually own my house (inherited lmao). renting is better if you want flexibility and move around a lot. mortgage is better if you want stability and have kids. simple as.

[Anonymous No.55141616]

>>55141119
that's retarded, buying a home for you to actually live in cash is quite literally the best investment you can make in your life

[Anonymous No.55141655]

>>55140598
you're never going to cash out the profit. You will simply pay more and more tax on the house for your entire life. But your children will be happy when you die so they can sell your house

[Anonymous No.55141683]

>>55140026
>living with your parents until you buy enough stock to live off the dividends

[Anonymous No.55141730]

When you buy a house in America, you generally don’t really buy a house. The bank buys a house and they let you have it once you’ve paid enough rent to recoup the investment.

[Anonymous No.55141749]

>>55141683
by the time you can life of dividend stocks you have enough to just buy a house in cash though

[Anonymous No.55141802]

>>55140422
tfw fell for this

[Anonymous No.55142398]

The government pays for it. Pays for the heating, water, etc., too.

[Anonymous No.55142435]

>>55141616
not retarded at all, think about it

$600k home or $600k in an index fund yielding you 10% a year

[Anonymous No.55144524]

>>55140026
I would sleep in my car before I pay a dime to rent.

[Anonymous No.55144785]

>>55141683
I'm doing the same
>tfw parents will soon die and I'll sell the ridiculously overpriced house for a million $ before niggers take over the city, ensuring me a giga cozy dividend life

[Anonymous No.55145331]

My "landlord" isn't legally allowed to make a profit.

[Anonymous No.55145345]

did i fuck up? 5.5% interest rate, single, stable income.

[Anonymous No.55145384]

>>55142435
Homes rise more than 10% a year but you're not old enough to have this conversation.

[Anonymous No.55146027]

>>55140026
Freedom of movement is a luxury.
My end goal is being able to rent multiple apartments so I can be a snowbird. But for now, I'm stuck where I am.

If you're a TradCon, then I understand your point of view, as well. Freshly cut yard, a white picket fence, apple pie, etc. I get the appeal. It's quaint.

[Anonymous No.55146141]

>>55140376
That 30 year fixed rate mortgage basically ended my best friend's youth early. He's basically a boomer now cuz of that house he bought, settling in for the whole 30 year stretch.

[Anonymous No.55146278]

>>55140026
>Feels good living in a city center studio while having the mortgage payment covered entirely by a rented out second apartment that you parents flat out gifted to you.
The older I get, the more I realize how fucking lucky I am. Growing up I always found it unimaginable to make such retarded life decisions, but now I realize less than 10% of people are fit to be parents.

[Anonymous No.55146344]

>>55140044
>posting obsessively, as the first response, in literally every thread, with the same response
you realize you are completely identifiable at this point, right?

[Anonymous No.55146351]

>>55145345
People will be praying for a 5.5% rate for the next decade, so you're probably fine. If you're living within your means and home ownership was necessary for you then don't sweat it. It's a house, not an investment. Start a family

[Sean No.55146360]

>>55146141
Same thing happened to a guy I knew

[Anonymous No.55146369]

>>55146141
>basically ended my best friend's youth early. He's basically a boomer now
what do you mean?

my best guess is that you're associating home ownership and related activities / hobbies with boomers because everyone else is priced out of a home and forced into a urbanite beehive condo
this is fundamentally the wrong way to think about it and fuels a self-fulfilling prophecy of "houses are for old people"
it doesn't have to be this way

[Anonymous No.55146465]

>>55141230
You knew the answer to this before you even posted it.

You can choose to purchase and cook your own food for $800 monthly or you can choose to have someone cook it for you for $800 plus markup plus labor, which works well at first because the difference is not huge and it's WAY less of a hassle
Except you only start at $800/mo the first year. To cook your food the next year it's $824/mo, the $849/mo the year after, and so on.

You would expect the food that gets cooked for you to go up proportionally. If it did, I would have had mine cooked for me until I died, but that's where this all falls apart.
While the food and markup on it do increase at the same rate, the labor charge increases at an even greater rate still. The cook has to be able to afford someone to cook his food in turn when he can no longer cook his own.
Each and every year you will have to work harder to afford the same amount of food or eat less food until you are unable to produce enough money to afford the food at which point you starve

[Anonymous No.55146486]

>>55146141
lol would you rather him rent and give money to some jew?

[Anonymous No.55146499]

>>55140673
nigger pay it asap. you need to git your ass to loan calc and see how much you are giving away on interest during that 10 years. i am paying mine asap. new job might pay big and if so I am killing this fucker within 5 years. 2 year mark is in a month. don't wait to kill it. this is how the banks win. don't let them win. pay early.

[Anonymous No.55146506]

>>55145345
nope. if you like your place and land. you are winning. pay it off early to win big and keep the jew from sucking that daily interest from you.

[Anonymous No.55146521]

>>55146369
I was just venting. I fully support the TradCon movement with the single-family home, freshly cut yard, white picket fence, apple pie, etc. I love being invited to these environments and walking past them on my way to the grocery store. But I'm a wanderer.

He's aware of his fast aging, btw. We joked about him being like my 60-year-old uncle at 28. He bought the house for his girlfriend of many years, and she left him soon after. That probably contributed most to the rapid aging.

[Anonymous No.55146525]

>>55140413
>>55140048
>>55140044
I CAN'T AFFORD A HOUSE I NEED MONEY FOR FUNKY POPS!

[Anonymous No.55146533]

Pay those mortgages early boys. Daddy out.

[Anonymous No.55146556]

>>55140026
I am legitimately considering spending the remainder of my inheritance (NEET wearing it down slowly) on a pre-HUD mobile home on an acre. I will have enough left over to live off of for a year. If I do this, I will never have to worry about making enough to pay rent, only enough to feed myself, and repair the inevitable dilapidation. Duct tape works well, yes?

[Anonymous No.55146565]

>>55145345
>$222k
Nah you'll be fine, just pay more aggressively if you feel the rate is too high later. Or refinance. Your mortgage monthly payment is small enough that you'd have to really fuck up your life to have trouble paying it.

[Anonymous No.55146602]

>>55140044
>>55140048

Rentcuck seethe lol. Have fun paying off your landlord's 30 year mortgage instead of your own.

[Anonymous No.55146627]

>>55146486
I get what you mean (Heil Hitler and all that) but I'd rather pay rent until I find a community to invest in. At this point in my life, I'd be buying a house just to keep up with the Joneses which is actually a Jew marketing tactic (goy vs goy greed and envy).