/biz/ - Business & Finance

[Anonymous No.56354201]

When did you realize houses are a liability and not an asset?

You have to deal with insurance, taxes, maintenance, utilities, mortgage (if you didn't pay fully in cash) and the fact you're locked down in one location.

It just seems like one huge headache with very little benefit, since you can easily have this money invested somewhere else that makes you way more money.

Seems to me that houses are just another midwit "investment".

[Anonymous No.56354212]

>>56354201
you can live in it and pay less than rent

[Anonymous No.56354223]

>>56354201
>locking in your rent for 30 years and having something to show for it at the end is worse than paying someone else's mortgage at 3%+ increases every year and having nothing to show for it at the end
kys kike

[Anonymous No.56354243]

>>56354223
you should buy a house

[Anonymous No.56354302]

>>56354201
A house is not an investment but I need a place to live and renting sucks so fuck me I guess

[Anonymous No.56354307]

>>56354212

Not right now you don't

[Anonymous No.56354317]

>>56354201
Silly goose, my Zestimate only goes up.

[Anonymous No.56354323]

>>56354201
Here's the thing; the owner of the house you rent is not going to pay the insurance, taxes, maintenance, utilities, mortgage for you so you can live in his house. He is going to have you pay for the insurance, taxes, maintenance, utilities, mortgage for him, and he may add a couple hunnies on top for his boat payment.

[Anonymous No.56354350]

>>56354201
>When did you realize houses are a liability and not an asset?
2 years ago
>You have to deal with insurance, taxes, maintenance, utilities, mortgage (if you didn't pay fully in cash) and the fact you're locked down in one location.
You also need unlimited pajeet immigration to keep the bubble from bursting
>It just seems like one huge headache with very little benefit, since you can easily have this money invested somewhere else that makes you way more money.
precisely
>Seems to me that houses are just another midwit "investment".
It, is. Boomers didn't grow up in the age of information and were educated by common sayings. "Don't bet the farm on.." etc. Buying a house is outdated general boomer advice. Just like going to college for non-STEM degrees.

[Anonymous No.56354362]

>>56354323
Buy a house to live in. Maybe a second one to vacation somewhere you like to go often conveniently. But to just buy them like they’re gold or Bitcoin is kinda dumb, at least that’s what this guy is saying. If I was rich enough to be buying up random houses personally I’d rather buy businesses, but you can’t blame rich people for wanting to diversify their positions I guess.

[Anonymous No.56354364]

>>56354201
Ever since I realized that society is set up in a fundamentally classist way instead of a sustainable and affordable way.

[Anonymous No.56354375]

>>56354201
you haven't run the numbers. Walk with me through an example:

OP the rentcuck lives in various rental houses for 30 years, while chad pepe buys a house with a 30 year mortgage

after 30 years OP the rentcuck has spent more money on rent than what chad pepe spent paying off his mortgage.

and now chad pepe owns a house, which he can sell for a lot of money, while OP the rentcuck owns nothing and still has to pay rent on the first every month, just like he's been doing for the last 30 years, just like he'll be doing until he's dead.

[Anonymous No.56354382]

>>56354375
>30 year mortgage

[Anonymous No.56354461]

>>56354362
Properties are the cream of the crop in investments. You dont buy a house in the ghetto and rent to niggers. In the West, the Chinese have bought up massive inventory, and they don't rent it out because tenants just fuck it up. Property investment is all about cycles. In hit markets quick easy flips are the best cheese makers. Slow markets you can actually buy those highly sought after properties as people begin to liquidate to offset losses. The hardest part about properties is waiting. Waiting for the right one in the right area and beating out all the other faggots doing what you are doing.

[Anonymous No.56354466]

>>56354201
You lost

[Anonymous No.56354481]

>>56354375
>Entire life trajectory is to buy a house, pay it off at age 58, sell it, and then become a rent cuck too
White "people"

[Anonymous No.56354520]

>>56354201
>non-conforming bedroom
Is the bedroom in the basement? Either way to answer your q OP, you can either put your money towards something you can sell eventually every month, or put your money to live in the hustle and bustle with literally no benefits.
If you live at your parent's or government housing with no cost to you then good on you.

[Anonymous No.56354530]

When I factored for money stock

[Anonymous No.56354549]

>>56354375
Only an argument when rent and mortgage are similar in cost, down payment (even only 5%) and closing costs properly invested will be worth more than the house in 30 years

[Anonymous No.56354890]

>>56354201
rentoid giga cope

[Anonymous No.56354921]

>>56354201
>houses are a liability threads
thank fuck these are back market is back

[Anonymous No.56355089]

>>56354307
>rental line never goes down

fuck i need to buy a house

[Anonymous No.56355825]

How much ny@N c@t money would it cost to sniff her brapper? 2089 lil kitties?

[Anonymous No.56356453]

>>56354307
the past 6 months have been the worst time since 2008 to buy a house.
Luckily for me i am going to need to live somewhere temporarily for two years because my fiance is going to grad school so buying would be stupid.
I believe the housing market will be damn near the bottom then, just hoping the commodities and LINK markets have a nice moon mission by then too
then I'll be able to buy anything I want.

[Anonymous No.56356481]

>>56355089
>>56356453

As much as it gets trolled people here aren't opposed to buying houses it's just that the current market is the least affordable in all of US history. You can call me a rentoid all day long I don't care because I'm not FOMO'ing into ruin.

[Anonymous No.56357659]

>>56354201
You have anything else that actually outpaces inflation to sink my money into? Didn’t think so.

[Anonymous No.56357703]

>>56354201
Houses were always a commodity and never an investment. They are depreciating money pits. Housing is only seen as an investment because of artificially low interest rates which never should have been this low for this long.

[Anonymous No.56357717]

>>56354201
Is this an AI generated image?

[Anonymous No.56357753]

Bros can anyone help me out? I’m looking for that Pierce Brosman long term inflation meme

[Anonymous No.56357771]

>>56357753
Anonymous delivers™

[Anonymous No.56357787]

>>56357771
God bless you anon
Let me know if I can do anything 4(you)

[Anonymous No.56358489]

>>56357703

That's my belief. It's a place to live not an investment.

[Anonymous No.56358505]

>>56354201
Ofc it's a liability. Any place that you live in is a liability, cost of living

[Anonymous No.56358559]

>>56355089
It's just inflation. Buying a house as a hedge against inflation works sometimes, but you're likely to get BTFO if the market normalizes. And it always does.

[Anonymous No.56359940]

>>56358489
too bad the individuals and corpos that own the 20 million homes they dont live in dont feel the same as you.

[Anonymous No.56359945]

>>56356481
This. "muh 3.5% 30 year fixed" is fucking meaningless if you bought a 500k plywood mansion on deed restricted land that you bought for the sole purpose of flipping 5 years down the line in an environment where rates aren't zero anymore and you're selling at a 20-30% loss.
Also, these same fuckers originate these astronomically large loans and then have the audacity to complain about inflation. My nigga - you caused it by buying at the top, giving the bank collateral to inject more cash into the system, and thinking you could ride cash flow until you sell sometime in the future when rates can supposedly go lower than zero.
Also, Ramsey is a fag, but the one thing I do agree with him on is buying with 15 years fixed for your first time, owner-occupied house. Anything else is a debt trap and a rate risk gamble.
Enjoy realizing your loss in 10 years when browns move in, take over your HOA, and you need to sell but can't

[Anonymous No.56360002]

>>56354890
this. OP is a rentoid and try to cope. Sorry OP you re just too late

[Anonymous No.56360061]

This was 36K in 2020.

>tfw you can't even escape into trailers anymore

[Anonymous No.56360078]

>>56360061
escape in pic

[Anonymous No.56360103]

>>56360078
Tents for rent is already a thing. Can't even escape to SEA anymore either. Hedge funds buying up SEA apartments to sell to boomers, who will dump on millenials, who will dump on zoomers.

[Anonymous No.56360863]

>>56358559
Not even a good inflation hedge, see: >>56354530, almost every hoomer would have been better off sticking their down payment into SSO/QLD

[Anonymous No.56360897]

>>56354201
My house is worth almost $200k more than I paid for it 8 years ago.

[Anonymous No.56360968]

>>56360897
Congrats on your 2x in 8 years.

[Anonymous No.56361003]

>>56354323
True. But OP didn't say renters avoided the monetary costs; he said renters avoided the hassle of paperwork and administration.

[Anonymous No.56361488]

>>56354201
When I rented a place one time and the foundation started sinking causing the walls and ceiling to crack. As the tenant it was in fact not my problem. I moved to a new place.

[Anonymous No.56361501]

>>56354307
Thank god I locked my 2.75% rate in before the fed fucked it.

[Anonymous No.56361504]

>>56360968
He's probably close to breaking even, if he bought the house in full cash.

[Anonymous No.56361516]

>>56361501
>Thank god I locked my 2.75% rate in before the fed fucked it.
2.75% is the fuck up the fed made. Not the other way around. This will not end well.

[Anonymous No.56361518]

>>56361516
buh buh 0% rates help THU ECONOMY GROW

[Anonymous No.56361618]

>>56354201
Having inflation lower your mortgage in real terms every year as opposed to watching it raise your rent is a wonderful feeling.

Almost as good as not having a landlord or not being surrounded by untermensch rentoids in a cuckpod.

[Anonymous No.56361954]

>>56360078
>chud

[Anonymous No.56362522]

>>56360968
I also live here dumbass.

[Anonymous No.56362726]

35-40 square meter for 70 year old apartments are literally 250-300k € here in my current area and I already live 40km away from the next big city. also around 200€ per month on "house money" and other retarded taxes. how is that even affordable for the average joe? I know for a fact only a really, really small minority can afford to put 1k aside for something like that and even that would take a single person 20 years to pay off. maintenance and the rest arent even factored in. I dont know maybe its just my area here but I am probably better off just having the money on my bank and doing with nothing with it than buying property here.

[Anonymous No.56362799]

>>56354307
So one should buy like 2 years after the line of buying crosses or touches the renting line from above.

[Anonymous No.56362826]

>>56354375
That's true, however you will never sell your house and you'll never be cash rich. Renting can be better if you're young and don't need to rent the whole property but only a room for a fraction of the price

[Anonymous No.56363178]

>>56354201
when every woman in my life demanded i become a debt slave and buy a house because its "normal" i knew it was fishy

[Anonymous No.56363203]

>When did you realize houses are a liability and not an asset?
>2.75% is the fuck up the fed made. Not the other way around. This will not end well.
>That's true, however you will never sell your house and you'll never be cash rich. Renting can be better if you're young and don't need to rent the whole property but only a room for a fraction of the price
>when every woman in my life demanded i become a debt slave and buy a house because its "normal" i knew it was fishy

[Anonymous No.56363215]

>>56354481
literally nobody does this except ameriburgers, and by definition amerimutts are not white

[Anonymous No.56363291]

>>56354201
I bought a house seven years ago for 187k and put 30k into it. I rented it all seven years without a day off market for between 2500 and 2900 dollars. I sold it for 520k this summer. I used that money to pay off my house in the Rockies that's worth over a mil.
>Liability

[Anonymous No.56363616]

>>56363203
American university in a nutshell

[Anonymous No.56363638]

>>56354223
I’ll be 60 in 30 years and either rich as fuck or dead in a ditch.

[Anonymous No.56363702]

>>56354201
They’re fine if you’re buying them with cash and not getting in debt for decades. Having kids as a peasant is not worth it anyway, they’re the government’s goy slaves or cannon fodder for some war, not yours. I’m only having kids if I make it so they can be raised properly, else forget about it.

[Anonymous No.56363715]

>>56361003
It's more hassle and admin renting a property, if you own it you don't have to deal with landlords or letting agents who can decide they don't want you in the house any more for whatever reason.

[Anonymous No.56363743]

>>56354201
>houses are a liability and not an asset
Is this the new zoomie rentoid cope? Yes you'll have to run maintenance on the house forever. But the cost of maintaining your home is necessarily less than the cost of renting because any landlord would just pass that cost onto their renters. When I pay off my mortgage I'll only have property tax and maintenance. You'll never finish paying rent and it will go up with inflation till adjust for the raising cost of maintenance as well as the market value is the property at that time.
Keep coping though. Rent is due in 16 days.

[Anonymous No.56363747]

>>56354201
When my father died when I was in college and had to deal with his house and rentoids for years. The Housing market/ponzi is disgusting…anything more than a two bedroom place for yourself is a waste. But if you want a 9k square foot house, all power to you Anon.

[Anonymous No.56364377]

>>56363747
dealing with rentoids is rough. I pay a company to do it for me. I think they employ former neetcucks as lawn people which I enjoy watching them cry as they mow the yard in the heat

[Anonymous No.56364477]

>>56364377

You're giving away the larp. It's all beaners that do that now.

[Anonymous No.56364503]

>>56354201
My 2 properties with no debt would beg to differ.

[Anonymous No.56364556]

>>56354212
>locked in for 30 years
debt slavery, sounds great, and even when you dont own it you are responsible for upkeep and maintanence.

[Anonymous No.56364567]

>>56354223
>30 years

people are FUCKING RETARDED. in the 90s it was the same interest rate as it is now except is was a 10 year loan. how the hell you gonna assign a load for what use to be the average life expectancy of an adults life (18 to 48 is 30 years). pretty much the bank wants to own you after you get out of mandated school and can earn a dollar

[Anonymous No.56364578]

>>56354201
When Bitcoin became established the idea of buying a house became dumb. I just collect Bitcoin which is like a portable instantly liquid super real estate villa

[Anonymous No.56364715]

>>56354201
But my house is nice and worth nearly 2x what I paid for it. Good luck finding a 6000sqft three story rental with a four car garage for under 2k per month (my mortgage+insurance+taxes).

Also the interest rate on my mortgage is well below the rate of inflation so it’s literally free money.

Rentoids don’t understand that every month they rent they get further and further behind.

The biggest thing that is overlooked is that houses will NEVER go down meaningfully in price because it’s impossible due to inflation which will continue exponentially forever by design. What that means is material costs and labor (the things needed to build a house) will keep getting more expensive. That’s not accounting for radical changes in building codes pushed by all the climate change cultists.

There will be small dips and repricing in certain markets and properties for sure but that house some boomer built in the 80s for 50k and listed for 950k then reduced the price slowly to 850k will never ever be had for under 500k unless it burns down cause the cost to build its equivalent even on a vacant lot would be 1.2 million.

[Anonymous No.56365047]

>>56354212
False. You don't realize how cheap rent is in my area compared to owning. I pay $7200 a year for rent and the place is perfect for me. All the furniture is provided. I just brought my TV and computer. Sure, I won't be entertaining a lot of guests in this house, but fuck if I care. The backyard is nice and it has a big patio and covered parking. I would rather burn through the $7K a year and put all my money into a retirement account or trade penny stocks/crypto. Eventually my retirement account will be available for withdrawals and I should be able to buy a house in cash, no mortgage.

If you have a mortgage you are still a rentoid, like me. You are just paying for the opportunity to owe interest and hold liability for the property taxes.

[Anonymous No.56365486]

>>56364715

bizarre how the bots keep spamming this