/biz/ - Business & Finance

[Anonymous No.55793805]

Rates are the highest they've been in decades. The value of the dollar has tanked. Any you think there's gonna be a crash when demand hasn't gone down? Face it anons you missed getting a loan on a cheap house with 2% interest.

[Anonymous No.55793823]

>>55793805
guess I'll get one after the crash then eh retard?

[Anonymous No.55793841]

>>55793823
Kek still waiting on that crash? Two more weeks?

[Anonymous No.55793913]

>>55793841
>prices will go up forever
show me one example

[Anonymous No.55793944]

>Cheap house
>Low interest
WHY DON'T YOU GORILLA NIGGERS UNDERSTAND THE RELATIONSHIP BETWEEN RATE AND PRINCIPAL AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.55793946]

>>55793913
>The prices will go down because I want them too and no other reason
You're a little kid

[Anonymous No.55793969]

>>55793946
so you can't provide an example of an asset that appreciated in price forever for all time?
interesting

[Anonymous No.55793981]

>>55793805
nothing is sacred under capitalism. Ever conservative reading this, I hope you enjoy the world you created. It wasn't the mongol hordes or the degenerates or the joooooos. It was money hungry capitalist fucks that ruined this world.

[Anonymous No.55794038]

>>55793969
Youre very smart. It's like I tell all my tenants, renting is the best thing to do now with a crash right around the corner. No reason to purchase a home when you can rent and wait for a crash. You are very smart for realizing this.

[Anonymous No.55794039]

>>55793969
Yes housing in multiple places. I'm sure there's low IQ anons still waiting for a crash in Australia and Vancouver while everyone around them already bought kek
>The Dollars value may be tanking but I'm sure that won't matter
You have no reason for a "crash" other than because you want one. It's how a childs mind works

[Anonymous No.55794053]

>>55793981
no it was joos

[Anonymous No.55794062]

>>55793805
You posted this yesterday.

[Anonymous No.55794078]

>>55794053
Go back to plebbit anon

[Anonymous No.55794104]

>>55793969
>so you can't provide an example of an asset that appreciated in price forever for all time?
>interesting

It's all about perspective anon. What you call appreciating I call currency debasement.

[Anonymous No.55794112]

>>55793805
Good OP image though.
I feel like these people won't get it until they're wood-to-neck. Stop fucking with common folk. Noblesse oblige.

[Anonymous No.55794123]

>>55793805
(((property developers)))

[Anonymous No.55794202]

>>55793913
Yes, zoom out

[Anonymous No.55794228]

>>55793805
>Cheap house with 2% interest
You realize housing prices have gone down since rates have kept going up?

[Anonymous No.55794242]

>>55794228
>Bought another house during COVID
>Still up Significantly
kek still waiting for this "crash"

[Anonymous No.55794243]

those without a soul (kikes) don't value history because they'll never be part of it, an unsurprising conclusion. never trust brown eyes.

[Anonymous No.55794281]

>>55794078
plebbit is based

[Anonymous No.55794322]

>>55793805
> supply, demand and cost of credit no longer applies
how can you be this stupid?

[Anonymous No.55794689]

>>55793981
yes, it was the conservatives who created this absurd new reality

[Anonymous No.55795031]

>>55793981
>central banking is fine though guys :)

[Anonymous No.55795265]

>>55793981
You can always tell when a poster is jewish because they cannot post jew and only say "joo" in a really cringy way.

[Anonymous No.55795271]

>>55793981
>money hungry white fucks like mark zuckerberg, george soros or michael bloomberg

[Anonymous No.55795292]

>>55793805
people can't afford $6,000 allocated to rent. Simple as.

[Anonymous No.55795295]

>>55793981
Hey nigger, it turns out the jews were both the capitalists and communists all along

[Anonymous No.55795306]

>>55794242
> Anecdote when confronted with data
You have to be 18 to post here

[Anonymous No.55795313]

>>55793913
USD value goes down forever

[Anonymous No.55795407]

>>55794123
not so much (((developers))) as dumpers. The cunt who bought the pub (picrel) husband owns a landfill site nearby, for which the only access road was shared with the now ex-pub. As this tragically and totally accidentally burned down immediately after their purchase, this while they'd blocked access for the fire brigade with mounds of earth, then illegally bulldozed the remains next day, he can now expand his landfill site.
Or he could have, had he been a little more subtle, the fire not been declared arson (surprise) and this pair of cockwombles not become Bongs Most Hated Couple overnight.

[Anonymous No.55795426]

>>55794038
hey you need to fix my plumbing im not paying rent until you hire a plumber. youre supposed to fix things its in the contract

[Anonymous No.55795566]

>>55794689
Yes.

[Anonymous No.55795576]

>>55795271
>Bill Gates
>Every president except half of Obama
>The guys running Blockbuster and Sears who let Netflix and Amazon get out of control

[Anonymous No.55795586]

>>55793981
>it was the money hungry capitalist fucks

<:^) yes and they wear small hats and have big noses.

[Anonymous No.55795602]

>>55795407
What prevented them from just demolishing the building since it's theirs now? Wouldn't they make more money by keeping the pub open, instead of expanding the landfill? Or just bought cheaper land since a historic pub seems expensive? Why was burning down the pub in their best interest? Something doesn't add up.

[Anonymous No.55795674]

>>55795602
It's an historic building, you can't just go around flattening 18th century landmarks, because you want to expand your waste dump. Again, the pub was blocking his access road. They could have applied for permission, which would have been refused. Or just closed it and left it to rot, take a few years. But this was blatant, criminal and it wouldn't surprise me if they've thrown in an insurance scam for good measure, just to insure they'll land in fucking jail. A fate they richly deserve.

[Anonymous No.55795683]

>>55793805
Anyone not leveraging credit for real estate is a retard. If you have the down payment and can get a loan you absolutely should buy a rental property, if the rent will cover the mortgage payment.

The home across the street from me is for sale for 340k. There were renters in there paying $2100/mo.

68k down at 6.75% with property tax (3k) and home insurance (1k), and your mortgage payment is $2100/mo. The rent completely covers it.

Just simply paying off the mortgage over 30 years, your 68k investment becomes 340k. But your home won't sit at 340k in value over 30 years. The average annual return in home equity from 1980 to 2020 was 10%. But I'll use a very conservative 2.5% annual return. 2.5% annual growth over 30 years is 210%, or 7% per year.

Then there's the tax benefits. You get to deduct all of the interest paid on the mortgage (17k first year). You get to deduct all the property taxes you pay (3k). And you get to deduct depreciation (3.6% on structure's value, roughly 9k) every year on the rental property. That's 29k in tax deductions, saving you ~25% on your tax bill ($7250).

So a 68k investment gives you 25k rental income + 7k in tax deductions + 8500 equity gained - 25k PITI = +15,500 net, earning you 22.7% your first year. Any decrease in rates, and your 2.5% equity gained increases in percentage, and you have the ability to refinance and save on interest paid. Rent also increases as incomes increase.

[Anonymous No.55795705]

>>55793805
Property is similar to art. Some pieces will be priceless regardless of the market. Some pieces flop then become highly sought after and some are regarded valuable while trending towards zero.

[Anonymous No.55795717]

>>55795674
>>55795407
>british people care about some stupid bar

[Anonymous No.55795743]

>>55795683
>buy a rental property
i am not circumcized

[Anonymous No.55795753]

>>55795683
I hope you get a horrible, fatal disease you leech

[Anonymous No.55795801]

>>55793981
Stop importing shit skins that drive down wages and push up housing.

Stupid fucking cuck. God damn faggot.

You are sucking Mitt Romney's dick every God damn day you keep the border open.

Brown people will never love you. Everyone hates you and thinks you're a retard except other brainwashed white liberals faggots.

[Anonymous No.55795807]

>>55795717
Yes.
Not like we got a whole lot else to care about anymore. Besides, the culprits are a pair of insufferable wankers entirely deserving of all the hurt they are about to receive, and more. Never fuck with wonky bong pubs cunts.

[Anonymous No.55795896]

>>55793913
Inflation happens every year anon

[Anonymous No.55795924]

>>55794242
>>Still up Significantly
what does this even mean? do you plan to sell? who is buying?

[Anonymous No.55795928]

>>55793981
>or the joooooos
literally no one mentioned jews until you did. Go back to antiwork you schizo

[Anonymous No.55795970]

>>55794104
My sister lives in the Langston: she said it was originally a Sears catalog home from the 1920s, brought to its location via train.
She paid like $250k for it in 2019 I think, and had to pay more than asking price because she almost got outbid by a foreign investor.

[Anonymous No.55795976]

>>55793981
OK groomer.

[Anonymous No.55795982]

>>55795292
>case-shiller
>shiller
>shill

[Anonymous No.55796019]

>>55795683
And there's also the ability to do a cash out refinance once the value of the property goes up. That's money you can use to bank/invest, renovate the property, or put as a down payment for another property. I'm kicking myself for not getting into real estate investing.

[Anonymous No.55796390]

>>55795683
Yuuuuuuup. This. All this. Exaactly what I'm currently saving up to do.

[Anonymous No.55796421]

>>55793913
>population increases faster than houses are built
>live in the pod
keep coping

[Anonymous No.55796739]

>>55793969
in order for house prices to fall in any significant way, supply has to increase dramatically, demand has to drop dramatically, and/or the unit of exchange needs to restore its value. which of these factors do you think is going to happen?

[Anonymous No.55796760]

>>55795743
>>55795753
you can tell its a good idea by the impotent seething of those who understand whats happening and still cant do it for whatever reason, so they find ways to shame you for being in that position. its not hard to save up for a house deposit you fucking bottom feeders

[Anonymous No.55797463]

>>55795924
Kek
>Who is buying he asks as housing prices haven't stopped with record rates

[Anonymous No.55797493]

>>55794078
Reddit names the jews now?

[Anonymous No.55797544]

>>55795306
It means zoom out low IQ anon

[Anonymous No.55797571]

>>55795683
See this sounds smart and shit but you faggots always forget the details.
>68k down
Over the last 30 years, the U.S. stock market returned 9.9% annually on average. So just taking that $68K and dumping it into a broad based ETF tracking the S&P would have returned you $6.7K each year for doing NOTHING. Absolutely NOTHING. For 30 years straight. With compounding returns if you invest the annual profit.
>29k in tax deductions
That's still $29K that you *have to pay in the first place* whether you rent the property or not. You can't just suspend your mortgage. So you're on the hook for $29K every year, no exception or the bank forecloses on your ass and takes your sweet little rental property.
>Equity Gained
Equity that is only accessible if you refinance it or SELL IT. Both refinancing and selling the rental property comes with fees - realtor fees, capital gains tax, refi fees. So the equity isn't very accessible and accessing it incurs fees and additional taxes.
>PITI
You're completely forgetting all of the rest of the expenses of owning and operating a home including:
>Fees - HOA and Condo
>Maintenance costs like the fucking ROOF, HVAC systems, electrical systems, plumbing, termites, and mold
>Lawncare
>Other unexpected repairs and issues
>Additional insurance to cover "acts of God" like floods and earthquakes not included in most homeowner's insurance

The people talking "hurr dudddrrrruururur I'mma buy a rEnTaL guys" have never actually owned and operated rental properties. If you had, you would know all of this shit and you obviously don't. And here's the biggest money sink of them all:
>YOUR FUCKING TIME
If you haven't owned and operated a rental you don't understand this... but the fucker eats up the most expensive resource you have - your fucking time. The plumbing breaks? Guess who they call at 1AM and who has to fix it by law? You. The heater goes out? Guess who they sue because heating is mandatory in many states? YOU.

Y'all better learn.

[Anonymous No.55797669]

>>55795683
dont forget the latest and greatest increases and new fees for refinancing when rates become relatively accessible again. that shit isnt tacked on the loan, its paid at execution of the refi rabbi.

[Anonymous No.55797800]

>>55795807
No one gives a fuck but some boomers. The media will forget in a few weeks and the investigation will have no convictions. The place should have been torn down years ago, like the other relics in this country.

[Anonymous No.55798279]

>>55795295
Is that a synagogue of Satan?

[Anonymous No.55798292]

We can be completely replaced by immigrants but we gotta keep old buildings cuz they are "historical"
fucking boomers

[Anonymous No.55799050]

>>55797571
>well yeah, but you have to mow the grass

Imao

[Anonymous No.55799787]

>>55793805
something something end of the world something something collapse of society
YOU'LL SEE, you'll all see

[Anonymous No.55799935]

>>55795683
>renters parying $2100/mo
>mortgage payment is $2100/mo
>The rent completely covers it
this sounds real fucking cute and all, but there's a little something you are missing - I believe the eggheads call it "capital expenditure", or capex for short. And while not 100% absolutely unpredictable, it's decently fucking random. I started up a new rental property last year and in the course of one fucking year, the following capital expenditures have occurred:

>$1.5k + a lot of time spent painting, doing oddball maintenance and moving shit out
>$11k to replace all the flooring before listing
>$300 to fix random shit before tenant moved in
>$900 to unclog main drain which got fucked up during flooring replace
>$900 to service, then on separate occasion replace the garbage disposal
>$1600 to replace water heater
>$2300 to replace compressor in HVAC

That's $18.5k in capital expenditure over the span of one year. The rent is $1.8k/mo, which I only receive $1.6k of after management/maintenance fees. That comes out to $19.2k per year of revenue.

$19.2k - $18.5k = $700. $700 fucking dollars, before factoring in taxes, insurance, financing, HOA, etc. Granted, the capital expenditures should not recur anytime fucking soon, still, this is a shining example of how rental properties can go fucking sideways on you and actually cost you money over the short term. There is a massive opportunity cost, of having money locked into the rental but also having enough cash on hand sidelined and ready to handle any capital expenditures. It's a lot more headache than plowing funds into stocks.

[Anonymous No.55799962]

>>55793805
What's the point of these demoralization posts? You never see this shit outside of 4chan. What gives?

[Anonymous No.55800412]

>>55799962
you see this shit ALL the fucking time outside 4chan. It's your typical outrage headline.

[Anonymous No.55800454]

>>55795683
Ima take a wold guess here but you're either a mortgage broker or a real estate agent

[Anonymous No.55800952]

>>55795292
we have almost nothing in common with the 2008 crisis, which was the only part of the past 100 years of price history that looked like that, repeating pattern TA isn't gonna work here

[Anonymous No.55800997]

[Anonymous No.55801059]

>>55793981
>implying people that drag their children thousands of miles through deserts and rough seas to get to the richest nations on earth arent money hungry
kek

[Anonymous No.55801061]

haha how is it going fellow first time buyers? another 6 years and i might get that 20% deposit!

[Anonymous No.55801318]

>>55801061
condolences my fren, you were simply born in a serf phase.

[Anonymous No.55801392]

>>55795602
It's called a preservation order

[Anonymous No.55801404]

>>55793805
During Carters administration rates were 18%. Through out history rates move up and down. Logic dictates as well as economics that they will come back down. Home sales and refinances have dropped. If they keep dropping rates will have to lower to create more sales and refinancing. Everything is a cycle. Just wait for student loans to kick back in and people will be upside down having to sell shit to live. Keep you money for those times to buy up cheapies. If everything keeps going up everything will break.

[Anonymous No.55801411]

>>55793981
It's not capitalism that's flawed it's human greed. Marxism, communism, capitalism, etc are all corrupted and in the end its always the few that have it made.

[Anonymous No.55801665]

>>55799935
>he bought a money pit

do a better inspection next time

[Anonymous No.55801723]

Many such cases, sad

[Anonymous No.55801791]

>>55801665
I owned and lived in this unit for multiple years before renting it out.

Granted ~$13k of those capital expenditures were done voluntarily in order to market to higher end tenants and reduce long run maintenance, i.e. replace carpet with LVT, durable paint w/ matte sheen that touches up well. The HVAC blowing the compressor was not in the cards because the unit is only 7 years old. Water heater was kinda expected as it was ~20 years old. Everything else just random shit having to deal with people tearing your stuff up. In a "normal" year I should make decent money. But the point stands, it's far from "easy" money like people make it out to be.

[Anonymous No.55801854]

>>55801061
Nowadays you either have to rent some dilapidated shithole in the city or buy a house in the village from Hot Fuzz. Both are depressing for their own reasons. I pray I can get a job abroad, I'd be on more money and I'd actually be able to afford a decent fucking house. Country's absolutely fucked

[Anonymous No.55801901]

>>55795295
dafuqs going on in there?!

[Anonymous No.55801998]

>>55793913
property

[Anonymous No.55802024]

[Anonymous No.55802050]

>>55793981
>nothing is sacred under capitalism.
Ah yea, the post-war rebuilding of Britain in a post-modern brutalist fashion was, of course, purely a 'capitalist' pursuit.
I too hate 'capitalists'.

[Anonymous No.55802081]

>>55800412
Not in the same tone, though.
>you will never be rich
>you will never own a home
>you will never have sex
>you will never be _____

A certain group of people loves to "blackpill" and demoralize people for some reason.

[Anonymous No.55802439]

>>55795407
Yep it's highly unlikely to be a coincidence but all the outrage came too late, it was already sold.

>>55795602
There are rules that were breached regarding the demolition but essentially yeah... they bought it so why not just let them wreck it.

>>55795674
>>55801392
I agree these cunts are scum but nobody gave a fuck enough to go there when it was open and prevent it from being sold.
As for the preservation order, it was applied for, but not granted before being sold so doesn't count for shit.

It would be funny if these fuckers have to rebuild it in the crappy wonky Harry Potter style of the original before they can re-apply for permission to knock it down again... but unfortunately I reckon a decent brief could sort it for them (assuming arson can't be proven).

[Anonymous No.55802652]

>>55793946
It will collapse soon my dude. The elites are just holding it back to prepare for the gobbling of the peons.

[Anonymous No.55802683]

>>55793981
Know who runs the US government?

[Anonymous No.55802707]

>>55802081
>A certain group
It's literally governments trying to make 4chan less interesting by spamming because a decade of research revealed that's the ONLY way to steer this forum. They want us demoralized so we stop coming here and go back to standard goyslop programming.

[Anonymous No.55802780]

>>55802081
True. Since 4chan has the false pretense of anonymity it makes the outrage headlines much more to the point, where making something feel as personally offensive as possible is the tacit objective. Whereas with mainstream media they have to dance around it through suggestions and implications because they always need plausible deniability in case someone actually kills themselves over it and they are held liable for pushing doomporn onto suggestive minds.

[Anonymous No.55802826]

>>55793841
I'll give you a hint, retard.

Commercial real estate bubble.

Enjoy. Maybe now you'll understand how the next bubble bursts.

Oh also don't forget to look into the Air BNB emerging market and how much of a clusterfuck that is.

We are, unironically, in a worse real estate situation than we were in 2008.

[Anonymous No.55802894]

>>55802826
Yeah bro just go tell people in Australia or Canada that it's just a bubble, sure there's gonna be a crash in Nashville anytime now too kek. Things don't just crash because you want them to

[Anonymous No.55802922]

>>55794039
Are you retarded? The 08 scenario is being replicated at a larger level due to the commercial real estate bubble being added in. Hell it's actually likely waaaaaaaaaay fucking worse than 08 because of this new air BNB bullshit. Even people who appear financially sound have tied themselves into financial ruin due to ridiculous reliance on kike income.

Money tide is flowing out and we're about to see who has clothes and who's swimming naked.

It boggles my mind that people like you actually exist. You were literally saying the same shit in the build up to the 08 crisis. You kikes literally never learn.

We're going to kill you this time though.

[Anonymous No.55803234]

>>55797463
>housing prices haven't stopped
Stopped what? You can try and sell your house for $10000000000000000 if you want, but that means nothing unless someone is willing to pay that much.
Unrealized gains don't count, dummy.