/biz/ - Business & Finance

[Anonymous No.55281466]

>own a house
>pay 2000/mo in property tax, insurance, HOA fee, maintenance, mortgage interest

What’s the point, just rent and not have the headache

[Anonymous No.55281475]

>>55281466
>HOA
NPC detected.

[Anonymous No.55281478]

>>55281466
So like 40 years from now you “own” the house (while still paying rent to the government, aka property tax) just in time for you to die of old age.

[Anonymous No.55281482]

Own nothing and be happy?
I'd rather pay 2000/mo (where the fuck do you live?) and have something I actually own than give money ad infinitum to a landlord.

[Anonymous No.55281486]

>own a house
>pay 2000/mo in property tax

#1 school district in america though so hopefully it's worth it and my kids are fuck ups

[Anonymous No.55281505]

>>55281486
>are
*aren't
did I just doom myself

[Anonymous No.55281506]

>>55281486
>#1 school district in america though so hopefully it's worth it and my kids are fuck ups
Imagine paying so much to have your kids be fuck up deliberately. The woke left has gone insane.

[Anonymous No.55281525]

>>55281475
HOA’s are good when you’ve had shitty retarded neighbors in the past.

[Anonymous No.55281526]

>>55281475
Depending on the neighborhood or building, it can be a good deal. Especially in a condo building
>limits number of rentals
>covers your utilities
>pays for landscaping
>pays for building maintenance
and the big one, if it's a co-op
>property taxes are included

[Anonymous No.55281542]

>>55281506
Typo anon. see >>55281505

[Anonymous No.55281553]

>>55281525
>neighbors
>condo
>buying

Again, NPCs detected.

[Anonymous No.55281579]

>>55281553
I live in a SFH

[Anonymous No.55281610]

>>55281542
I figured I'm just fucking with you. Ideally my wife will homeschool but then I have to worry about them being socially retarded and ending up on 4chan like me so there's a lot to think about....and pay for

[Anonymous No.55281614]

>>55281579
A shitty fuckin hood?

[Anonymous No.55281669]

>>55281610
>I have to worry about them being socially retarded and ending up on 4chan like me
This is what I'm afraid of
>grew up in extremely wealthy suburb
>played high school football
>6'4 215
>went to state school
>still ended up on 4chan

Hopefully my son picks /biz/ and /fit/ and steers clear of /pol/ like I learned to

>Ideally my wife will homeschool
Mine is in administration at the aforementioned school district and was a teacher for 5 years there before the district paid for her masters so I'm pretty comfortable sending my kids to that school. At least our egregious property taxes are going to a good cause (her payroll and retirement)

[Anonymous No.55281694]

>>55281579
With neighbors, you're retarded, but not as retarded as >>55281526 who 'owns' a condo that shares walls with strangers.

[Anonymous No.55281784]

>>55281694
Oh fuck right off. I own a SFH now. A condo in a good area is a fantastic first home though

[Sean No.55281805]

>>55281505
We plan; god laughs.

[Anonymous No.55281825]

>>55281466
I pay 2k a month in rent and don't own shit. kys, op

[Anonymous No.55281870]

>>55281466
just wait until you have to replace the roof or HVAC system

[Anonymous No.55281930]

>>55281466
>pay tax on your property or it gets taken away
Is it really your property in that case?

[Anonymous No.55281978]

>>55281930
I was going to argue something along the lines of
>well enjoy living in a shithole where property tax doesn't exist, if such a place exists
But there's actually a pretty long list of decent places with no property tax whatsoever.

>croatia
>liechtenstein
>malta
>monaco
>seychelles
>fiji
And a handful of gulf states as well. So I guess if you truly want to "own" your property outright with zero taxes, your choices are
>tax haven
>pacific island
>gulf state
>kenya

[Anonymous No.55281998]

>>55281978
I'm not against the idea of ownership, just pointing out that the state doesn't permit it, despite the word "ownership" being used.

[Anonymous No.55282091]

>>55281870
Yeah the rule of thumb is to budget in 0.5-1% of your house value each year for repairs. So on my 500k house I budget 300/mo for maintenance to cover shit like roof and HVAC. Most people don’t take this into account at all

[Anonymous No.55282129]

>>55281466
>mortgage interest
you dont own it.
Anyways this thread is retarded, owning is wayyyyy cheaper and its an appreciating asset.

[Anonymous No.55282139]

Even with all expenses it's cheaper to own a home than rent where I live.

[Anonymous No.55282153]

>>55281998
That is fair. Knowing that fact, and since taxes aren't exactly voluntary, it's then up to you to decide if the services the government provides in return for that tax revenue is worth it to you. If not worth it, vote with your feet and move.

Personally, I'd say mine are. At least property taxes. Government admin at the state and county level where I live is utterly dysfunctional, but at the local level it's very levelheaded and straightforward.
>roads are plowed right when it snows
>schools are excellent and admin/faculty pay is some of the best in the country (great especially in my family situation)
>extremely robust public transit system especially for the US
>Decent social services though I'm not a poor and don't need them
etc. But it's really up to you to move to where you're getting a good value for your money based on the services you use

[Anonymous No.55282189]

>>55282153
the government should be providing that from the freemmoney they print in order to prevent themselves being guillotined by the local population. but instead they've gaslighted people in to paying property tax (essentially perpetual rent on something they've bought out right)

society is such a fucking scam from top to bottom

[Anonymous No.55282199]

>>55281478
yeah it's a ponzi scheme scam particularly in the USA, I'm not sure about other nations property taxes

[Anonymous No.55282322]

>>55282189
>but instead they've gaslighted people in to paying property tax (essentially perpetual rent on something they've bought out right)
>society is such a fucking scam from top to bottom
While I agree at face-value with the point you're making... property taxes in particular are almost entirely locally-sourced. And are overwhelmingly earmarked for education. Your property taxes aren't going to the infinite money printer federal government, they're largely going to your city/town/neighborhood. Even state income taxes don't generally go toward your municipality. THAT'S the fucking scam.

The federal government can print all the money it wants; states/municipalities can't. Not to mention government at all sizes is so over-bloated and inefficient that billions could be cut and little to no difference in quality of life would ever be felt, in fact it may even benefit.

So in short I'm not really even upset with paying property taxes if I'm getting good value for my money, but what does piss me off is how that money is so quickly pissed away. At every level of government.

I'm considering running for local office when I exit my startup. Would love to exact some kind of change at least in the area I grew up in and live now.

[Anonymous No.55282879]

Mortgages in my city are about $3000-3500 a month, not including maintenance, repairs, property taxes which bring that figure to 5000 a month.

I just rent a condo for $2000 a month instead, renting has been the winning move this year given that property prices cant appreciate any more for the next few years.

[Anonymous No.55282961]

>>55281669
>Hopefully my son picks /biz/ and /fit/ and steers clear of /pol/ like I learned to
Kek your son is doomed and destined to be a faggot.

[Anonymous No.55284998]

>>55281466
The tranny mod is an abusing schizo deleting threads and banning people for no reason.
Please report this piece of shit at https://www.4channel.org/feedback

[Anonymous No.55286364]

>>55282153
I never really saw it that way. It does make sense that you'd get something in return; I always thought that it was just a tax for nothing.

[Anonymous No.55286411]

Renting kinda sucks, rents can go up double digit percentage, you have to deal with external events like owners selling or evictions, you have to wait for landlords to fix things.

That being said I would rather rent than enter debt slavery for a house that the government could take from you with the stroke of a pen

[Anonymous No.55286458]

>>55281482
Why?

[Anonymous No.55287312]

>>55281478
Sell the house by then and retire in Spain.

[Anonymous No.55287346]

>2023
Mortgage: $2000, Equity $0
Rent: $2000, Equity $0

>2043
Mortgage: $2000, Equity $1,000,000
Rent: $5,000, Equity $0

[Anonymous No.55287381]

>>55287312
why spain? why not turkey? lower living costs, better beaches, hotter women

[Anonymous No.55287439]

>>55287381
Why not Ukraine? Why not Syria? Why not Djibouti? How low are you willing to go?
Turkey has shittier infrastructure, worse healthcare, financial and political instability is magnitudes worse, harsh winters, hard language to learn when most of the population doesn't speak English, non-western culture no matter how hard Kemalists larp as Europeans.

[Anonymous No.55287454]

>>55281466
>own a house
You don't own a house, the bank does, you just live there so long as you keep paying them.

[Anonymous No.55287458]

>>55287439
did you really just compare turkey to ukraine and syria? you ever been there? im in antalya for a few months every year and it's absolute paradise. foreigners everywhere, great coffee culture, beach is just magnificent. healthcare is good if you go private too. if you earn money online/abroad idk why turkey is a bad option. political instability i'll give you, sure. but the financial instability is great for me, everything dirt cheap and cheaper by the month. there's a reason i have my steam account set up with turkish bank card now, 70% off everything

[Anonymous No.55287503]

house is nice and the long term etc but is a real ball and chain unless you’re somewhere very in-demand. if you have/want to move it is real pain. the moving/escape money has to be there always too. renting is hit and miss and you miss out on those sweet, sweet zestimate increases. but, you can leave at the end of the contract, no strings. also no maintenance worries providing your landlord is sound, if not move. lol

[Anonymous No.55287741]

>>55281486
t. Loudon county Virginia tranny

[Anonymous No.55287813]

>>55281466
There is none. Real estate doesn't even appreciate faster than any asset you could trade online and you don't have to deal with low liquidity or high fees.

[Anonymous No.55287837]

>>55281610
>>55281669
for what its worth there actually are homeschool organizations so all the kids in the same area can interact with eachother. Not that I'd recommend that anyway as it kinda defeats the purpose. They could just meet friends through other activities like sports.

[Anonymous No.55287853]

>>55287458
hey ukraine was great before the war if you were just an expat