Buying a house is overrated

[Anonymous No.55915887]

I actually miss the days of being a rentoid, fuck doing repairs, fuck not being able to easily move, fuck taxes and maintenance bullshit

Even if I pay off my mortgage to 0 I will still have to pay 1500 a month in maintenance, insurance, taxes, utilities. Idiots here act as if you get a free place to live once your mortgage is gone. Renting is nice because you aren’t stuck in one shitty place for 10 years

[Anonymous No.55915928]

agreed

[Anonymous No.55915951]

This is some cope. My parents built their house in 1995 and the only money they've spent on the house since was replacing the hot water service 2 times.

My grandparents are so cheap they never fix anything, but their house is kind of falling apart, but they dont care. Its served them with 0 maintenance from their 30s into their 90s. The only thing they have ever done was build a new bathroom. They have over a million dollars in a bank account just sitting there doing nothing.

[Anonymous No.55916044]

It's not for everyone. If you don't have much stuff and aren't in for handywork renting is very convenient. I mainly want a house so I don't have to share a wall with anyone and can have a vegetable garden. If they had apartments that offered that I'd for sure rent.

[Anonymous No.55916061]

>>55915887
You don't have to do that much maintenance as long as you don't break anything. The not being able to easily move thing can be annoying, but at least buy in a decent area. Overall, owning a house is good because it acts as inflation hedge. But I'm thinking of renting out my place and going back to renting for a while, that will give me the best of both worlds.

[Anonymous No.55916129]

>>55915887
>Even if I pay off my mortgage to 0 I will still have to pay 1500 a month in maintenance, insurance, taxes, utilities

>utilities
you pay utilities when you rent too, so that's what debaters would call a non-unique argument

>taxes
your landlord includes their property taxes in your rent so that's also non-unique

>insurance
homeowners insurance is optional once you've paid your mortgage off, so if you don't want to pay it then don't

>maintenance
yes you have to pay maintenance as a homeowner, but replacing your water heater / backyard fence / air conditioning every 20 years is not a big expense and whatever money you spend is far outweighed by the money you gain from your property value going up over time

[Anonymous No.55916137]

>>55916061
But renting your own house to someone else is a big matter of trust... what guarantee do you have that the tenant(s) dont fuck shit up and you end up paying their rent money for repairs or worse lol.

It's almost like AirBNB .. heck i have an empty bedroom at my apartment for almost a year and i'd rather keep it empty than get a dang roommate to fuck my shit up

[Anonymous No.55916140]

>>55916129
You only gain anything after your mortgage is paid off, so at least 30 years in the future. Until then you have nothing other then being stuck with it.

[Anonymous No.55916147]

Tbh I would prefer to rent if it wasn't so expensive

[Anonymous No.55916170]

>>55915887
Renting is just outsourcing all the BS to a Boomer landcuck who is too old to know how to invest in anything else

Same reason I hire a mechanic instead of fixing my car myself...just not worth my time

[Anonymous No.55916174]

>>55916140
You’re gaining equity every single month you pay the mortgage you realise? If you do early payments (as you should be) it acts as a snowball, increasing your equity even more each month. Just doing one extra mortgage payment per year takes 5 years off the loan. Just paying bi weekly instead of monthly takes six months off and that doesn’t cost you anything at all.

[Anonymous No.55916178]

>>55916140
>it takes 30 years before buying a house is a good financial decision
not true. You should try putting together an Excel calculator and running the numbers. Generally speaking, buying a house saves you money relative to renting if you're going to live in the same place for at least five years. In other words, renting is only a good financial decision if you plan to relocate to another city sometime during the next five years.

[Anonymous No.55916263]

>>55915887
>fuck doing repairs
All my landlords did the absolute minimum to maintain their property. Some not even that.
>fuck not being able to easily move
It's not easier or harder to move, if I own the place I move away from.
>fuck taxes and maintenance bullshit
If you rent, you pay for it anyways.

[Anonymous No.55916307]

>>55916174
>>55916178
Holy shit, you sound like cars salesmen

[Anonymous No.55916556]

>>55916137
Well if I rent it out, I'll fix up all the little bits first. Like I have a drawer in my kitchen that catches when you slide it back in. So if the tenants are arseholes they'd probably be bashing that drawer back in so I have to put everything in smooth working order to prevent that. Plus if it all seems in good order then it's more likely the property will attract better quality tenants. There's a few semi-major things I'll need to do, like getting the pool in the backyard demolished and filled in, because I don't expect tenants to take care of it (it's ok, it's a pretty old fibreglass pool anyway and it has some minor cracks). Then I'll be getting landlord insurance which would protect me if the tenants did serious shit. There's also the bond but that won't cover serious damages. I'll make sure I get a good rental agent and pay extra if I need to. I might also advertise the place myself and assess the tenants myself before handing it over to an agent. Other than that I'll just have to trust that the people don't wreck the place and know that at least if there are maintenance expenses they'll be tax deductible.

I was thinking of just selling and buying another place. In Australia we don't pay capital gains on the place of residence. But we do have a huge duty to pay on the transaction (literally like 5% of the property price). Anyway, instead of buying multiple rentals, I could just buy one nice place and live in it. But rental income is good for borrowing against (increases your borrowing capacity) and the interest is tax deductible on rentals but not on the principal place of residence. The more I can borrow, the more I can benefit from inflation, and inflation doesn't seem to be going away.

[Anonymous No.55916592]

>>55916174
>paying bi weekly instead of monthly
That only works in certain limited situations. Like if you have a fixed rate, a prepayment limit and the bank also calculates principle payments daily.

>If you do early payments (as you should be) it acts as a snowball
This is good but it's just like getting the mortgage rate as interest on your prepayment (but tax free and almost 100% risk free). You won't get rich doing this but it's a good place to park your money.

[Anonymous No.55916642]

>>55916178
what's the reason for having to stay 5 years? High sales tax?

[Anonymous No.55916664]

I mean, land is important.
The thing is you need a "secured" work postion or have the ability to be mobile with work after a few years if you're not in public service or government work of some kind. If you live in an area where there's no eccomic opportunity.

It's a catch 22. Live close to the city and risk death now or move so far away from the city driving a total hours a day just to get back home.

It's rough out there.
If you loose your job with no massive savings fund or if you didn't pay a massive percentage of your mortgage you are screwed.

[Anonymous No.55917894]

>>55915887
man I just want to fuck without the neighbors complaining
I'm sick of talking to myself and that's reason enough for the landlord to tell me to stop with the "exaggerated noise" or I'll get a fine, I'm on Da Wae because I want to get the fuck out, privacy is expensive but it's worth it

[Anonymous No.55918057]

>>55917894
haha yes, because a leak won't do anything and it won't be expensive at all!

[Anonymous No.55918064]

>>55915951
>comparing 70 years ago to today
Anon, you're retarded

[Anonymous No.55918070]

>>55918045
gtfi

[Anonymous No.55918074]

>>55915887
homes are a massive money sink

[Anonymous No.55918257]

>>55916140
>financially illiterate rentoid zoomer explains why he will always be a financially illiterate rentoid

[Anonymous No.55918265]

>>55918257
i mean he isn't really entirely wrong, if you owe a mortgage you aren't gaining anything you are only paying down interest for the first few years

[Anonymous No.55918690]

>>55916556
Before you fill the pool in consider an in ground fire pit, great way to add equity.

[Anonymous No.55918844]

>>55916044
>I mainly want a house so I don't have to share a wall with anyone and can have a vegetable garden

This is the main reason I got a home. It's my own space not connected to anyone else's and no landlord can tell me what I can and cannot do with it. This year I've grown tomatoes and bell peppers. Next year may be cucumbers. The monthly rent at my old apartment has already surpassed what I pay for my mortgage.

[Anonymous No.55918983]

>>55916174
it always goes up after all

[Anonymous No.55919000]

>>55915887
I've lived in the same place for 10 years. outside the condo is repaired by the building (hoa fee still sucks though). never needed to repair inside the unit beyond plumbing. changed dishwasher, sink traps, unclogged shower etc. but its all easy stuff. saved tons of money.

[Anonymous No.55919030]

>>55918844
>landlord can tell me what I can and cannot do with it.
your landlord (the government) certainly dictates what you can and cannot do with it. why do hoomers pretend they aren’t glorified rentoids when the landlord is the gov?

[Anonymous No.55919486]

>>55916642
you have to pay 6% of the house's value to real estate agents when you sell

[Anonymous No.55919493]

>>55916307
404 argument not found

[Anonymous No.55919516]

>>55915951
>1995
USA was about 75% non hispanic white in the mid 1990s. there's a chance that HUWHYTE MEN built your house. you buy a house today and it's either new construction built by brown retards or existing construction that has been repaired by brown retards.

[Anonymous No.55919637]

>>55919486
Why would I use an agent?

[Anonymous No.55920018]

>>55915887
>>55915928
Then why dont you sell your house and start renting again?

[Anonymous No.55920070]

>>55919516
>pic
while I agree with your post, blocking between studs literally doesn't matter.
if it was like that on a door or window header it's not even that bad since it'll be supported from below

[Anonymous No.55920223]

>>55919516
Kek, it’s not even a racial issue. The bottom line is you get what you pay for.