/biz/ - Business & Finance

[Anonymous No.55996987]

Buy $700k house
>$140,000 down
>$20,000 closing costs
>5.5% interest rates + taxes + insurance = $4,000/month

Rent
>$2,400/month

[Anonymous No.55996994]

>>55996987
How could this happen???
https://youtu.be/h9n5qvY3I7g?si=FWlL3txao3Zdo4LP

[Anonymous No.55997029]

>>55996987
We are very soon going to be priced out of buying houses, or interest rates are going to have to drop a fuckton and banks need to stop trying to maximize profit.

[Anonymous No.55997152]

>>55996987
good
americans (and the rest of the world) need to stop relying on credit. save up 50%+

[Anonymous No.55997171]

>>55996987
Owning a house on mortgage is just an overpriced rent.

[Anonymous No.55997190]

>renting a 2 bedroom apartment for $1100/month
>houses in my neighborhood are $400k minimum meaning a monthly payment of $3000
Lol

[Anonymous No.55997193]

>>55996987
5.5% interest is only $2,566 a month. Insurance and taxes is not an additional $1,434 a month. A $400-$500 a month only. So total payments is closer to $3k a month and if you are paying $4k then $1k goes into equity each month so you are actually saving an additional $500 a month but you have to worry about your asset decreasing in value and the costs of repairs and stuff so actually very not worth it still but you make it out to be worse then it actually is

[Anonymous No.55997196]

>>55996987
>don’t move for 30 years and it’s yours to keep
>don’t move for 30 ears and your rent increased 3000%

[Anonymous No.55997201]

>>55997029
>NOOO IM PRICED OUT OF LAMBOS THE WORLD IS COLLAPSING
Do you understand how dumb you sound?