Are houses actually a good investment?

[Anonymous No.55833152]

Or are they just the only investment most people ever make?
Lets do some math, the average house in the USA is $416k. 20% downpayment would be $83,220
$83,220 invested at lets say... 7% gains for 30 years is $633,491.86. Wow

I think the common denominator isn't owning a house or not. It's being someone who actually understands the value of investing. And I think we suffer from sampling bias because most renters are just dumb and irresponsible with their money. But surely if you rent under your means, invest heavily, and take advantage of the flexibility and freedom until you actually need a house then you'll be fine

Any boomers want to chime in and tell me I am coping

[Anonymous No.55833167]

>>55833152
nobody cares, half the board is just shit about houses
we just need a house general already

[Anonymous No.55833218]

A house is an investment in your security of shelter

Dont be like me, from a poorfag family, forced to stress and worry about if im going to have to move to another place, or if im gona be able to find a place to rent that I can afford in a decent area. Find a decent place in a nice area that has everything you need and buy it. I dont care how much interest you end up paying, its worth it for the security

[Anonymous No.55833294]

>>55833218
>Dont be like me, from a poorfag family, forced to stress and worry about if im going to have to move to another place
i mean yeah if you're trying to raise a family get a house but until then you can literally just invest and keep it semi liquid which gives you arguably more financial safety with no liabilities. If you get laid off and have to find a new job then it's way easier to change apartments or move

[Anonymous No.55833329]

>>55833152
You forgot to include the leverage effect of using debt. Nonetheless I looked up the price development. In the last 30 years since 1993 the median house price in the US increased by 2.07% per year; the S&P by 9.46%. No way you get that high of a debt ratio

[Anonymous No.55833414]

Just buy a fucking house.

Look at my situation. Because I have pets there's only 6 properties I can choose from to rent here out of 286.

I wouldnt wish renting on my worst enemy

[Anonymous No.55833434]

>>55833414
>no internal laundry
how do rentoids live?

[Anonymous No.55833459]

>>55833434
We rentoids live miserable lives. Not sure where all this "BROOO RENTING IS SO BASED" thing comes from. Its literally the worst situation you can be in.

I seriously believe, for every 1 year you rent, you fall behind socioeconomically by 3 years, so if you rent long enough, you'll never recover financially.

[Anonymous No.55833476]

>>55833152
Notoriously pretty safe long term but with short lived massive setbacks and long crab periods. If you buy a peak you are going to seriously underperform shit like the S&P, whereas if you buy a dip you'll get the reverse.

In short, if you have enough capital real estate should absolutely be a part of your diversified portfolio.

Outside of that, certainly throwing money into the rent fire is one of the worst things you can do. Better to live with mommy and daddy and invest in index funds than that by a long shot.

[Anonymous No.55833572]

>>55833152
You know what a good investment is? I think a couple grand into Blackswan for 25k tokens, gives you access to the bot for a lifetime. The AI-powered trading bot swiftly executes trades by analyzing news releases, allowing you to enter positions ahead of the market response, whether the news is positive or negative. You have the option to select the specific events you wish to trade on. For additional information, refer to their Twitter or website blackswan dot biz

[Anonymous No.55833586]

>>55833459
>>55833414
why do you have pets man. Also Australia is fucked sorry man your country sold you into serfdom to the chinamen

[Anonymous No.55833676]

>>55833572
Stick to hidden gem threads, no one wants shills in random threads

[Anonymous No.55833758]

>>55833414
Lmao good, petniggers deserve to suffer. That's 6 properties too many.

[Anonymous No.55833802]

>>55833218
>Dont be like me, from a poorfag family, forced to stress and worry about if im going to have to move to another place, or if im gona be able to find a place to rent that I can afford in a decent area.
You'd feel the same way with a mortgage though, worrying about having to pay every month, worrying about the value of your house decreasing, worrying about losing your job and being stuck in an area where there is none...
If you have no kids no gf no friends it can make sense to rent, since you're completely to move wherever you want on a whim.

[Anonymous No.55833814]

>>55833414
Depending on how the website is programmed it might treat "no information about whether pets are allowed" as "pets not allowed". If the ads do not explicitly mention pets not being allowed, try your chance anyway.

[Anonymous No.55833824]

>>55833572
They better be paying you a lot for how many threads you shit up with this literal garbage

[Anonymous No.55833879]

>>55833152
It really depends, here (Vienna and suburbs) it is absolutely not worth it. The bigger a house or flat is, the less profitable it becomes. At the same time, houses or big flats are hard to sell or rent out, so you are in a strong position as a renter. It is unlikely that you will get kicked out or get customization wishes denied. And even if your landlord wants to kick you out, you are also legally in a good position here, because the laws are very renter friendly.
E.g. a house here that costs 800k could be rented for 1400 a month (not including utilities). Is 2%pa a good investment? No, it's abysmally bad, despite being an optimistic calculator (roof never needs fixing, heating keeps working and does not break down...).

[Anonymous No.55833889]

>>55833879
>calculator
*calculation

[Anonymous No.55833895]

>>55833152
In 30 years that house will be worth 1.5M from inflation. The power of inflation + leverage is how you make money on real estate. The saved rent going to principle payments are just a bonus.

[Anonymous No.55833912]

>>55833895
Let's say inflation tracks at 3% a year. At 5x leverage you're making 15% on your down payment not even counting saved rent.

[Anonymous No.55833934]

>>55833895
>>55833912
What if no one is willing to buy a 30 year old, rotting house for 1.5 Million?

[Anonymous No.55833996]

>>55833676
Why would I limit myself? I'm just a baggie with nothing better to do.