If you rent

[Anonymous No.56439034]

You are a retard.

[Anonymous No.56439037]

>>56439034
if you have a fat stack of bitcoins, owning a home is retarded.

[Anonymous No.56439038]

>>56439034
>pay 1 million dollars and slave away 30 years for this wooden rot box that you cannot take with you when you die goy!!

[Anonymous No.56439049]

>>56439038
>>56439034
>He thinks he owns the house
Why do you have to pay yearly rent to the government or they takje it away?
Why do you have to pay horrendous fees if you want to gift it your children?

[Anonymous No.56439136]

>>56439049
>Why do you have to pay yearly rent to the government or they takje it away?
>Why do you have to pay horrendous fees if you want to gift it your children?
>he lives on the land of the free :D

[Anonymous No.56439148]

>>56439136
Usa!
Usa!
Usa!
Usa!

[Anonymous No.56439162]

>>56439049
Because we live in a society and property rights only exist in the same context as taxation exists.

[Anonymous No.56439185]

>>56439162
kys bootlicking retard

[Anonymous No.56439186]

>>56439162
Property tax like most taxes are unconstituional

[Anonymous No.56439258]

>>56439185
>>56439186
Neither of you will do anything.
But keep talking tough on this basket weaving forum

[Anonymous No.56439274]

>>56439185
look man i get youre ok with the possibility of having to engage in a firefight with gangs of niggers every day but the reality is most people are just happier without that on their mind
in a better world there would be somewhere people like you could go so that we could all be happy living our best lives
maybe somalia is worth considering?

[Anonymous No.56439307]

It's a bit more expensive to buy than rent but you have to remember that you get half (at 7% rates) if not most of the money that you pay to buy back when you sell.

[Anonymous No.56439351]

>>56439307
the only point in owning a home is to gain wealth in an asset, its the lowest hanging fruit for people to accumulate wealth. Your average joe doesnt day trade, invest in stock (aside from a typical 401k maybe) or gamble on shitcoins. So they buy a house and thats it, its their only financial asset and it makes the most sense since you get to live in it for as long as you can afford the mortgage (death clause). If youa re able to accumulate wealth in other ways, it may make more sense to just rent, especially if you plan on moving around from town to town and dont want to settle down somewhere. Some people like having that freedom. Sure you have 0 equity when renting but if you do it right, youll have more wealth in your other investments to make up for not owning a home.

I have never owned a home but I would like to.

[Anonymous No.56439363]

>>56439034
>rent
>money goes to a Jew
>own
>money is split between me and a Jew
Nah I’m good jew

[Anonymous No.56439376]

>>56439351
it's leverage that you wouldn't get otherwise.
How could a random guy just out of college with no connections get to leverage an asset with 20x?
that's privilege that only the mortgage industry gives you

[Anonymous No.56439411]

>>56439363
>live innawoods
>jews have to use resources flying expensive ass planes around to find your bait fires

[Anonymous No.56439415]

>>56439258
Im not american
But talking about it is always the first step to a solution

[Anonymous No.56439420]

>>56439376
I forgot to mention that as well yes, you can take out a loan agaisnt your house which is another benefit. Im pretty sure thats a risky move and many people have lost their homes being foolish with that capability.

[Anonymous No.56439525]

>>56439376
Just leverage your house! Everyone is doing it! Im sure nothing will go wrong! BRRR baby!

I hate to admit it, but Dave Ramsey is right. Most home owners have no business taking equity out of their house and should just pay off their house and stay there.

[Anonymous No.56439755]

>>56439307
>>56439351
Big brain posters. Buying is a way of fixing your housing costs for the next 10 years. Thats it. Some make money and some do not, but on average in the US homeowners increas wealth through ownership.

Other benefits:
>if you have children, owning is a must to secure their schooling. Your kids will hate you if you make them move constantly through high school years due to rent jumping. Of course you can luck out by renting the same place for 10 years, but usually landlords jew you into moving.
>with a house you can upgrade the house. You cant measure some things with money, like being able to build a treehouse for your kids, build a home theater, swiimming pool, etc. AGAIN these are not investments, but benefits to your house.

The downside to your house is that your employer will treat you different when they know you have a fixed address / married. They will abuse you more because they know you don't have options.

Renters have prime employment opportunity leverage due to the ability to say fuck you and move to a better job. Home owners do not have this option as much,

[Anonymous No.56439776]

>>56439755
even if you don't make money, you will still preserve most of your mortgage payments, at 0% rates you will preserve all of them.
A renter loses all of his paid rent.

[Anonymous No.56439796]

>>56439415
no it's not, you can easily solve something without talking about it first

[Anonymous No.56439824]

>>56439307

I'm usually a "always buy" guy if you're planning on staying somewhere for a while, but this level is just plain absurd. Someone has to blink first.

[Anonymous No.56439829]

I recently signed for a new rental House. I was required to sign a document that stated that if the owner of the House was not able to make his morgage payments I would be evicted, even if my payments were always on time. never seen that before, feels really cucky knowing that the owner doesn't even own the house. how is that even allowed?

[Anonymous No.56439841]

>>56439776
Underwater. For years.
It’ll feel better if you keep saying
>not a loss if I don’t sell.
Hold the brick anon. You love the brick.

[Anonymous No.56439846]

>>56439034
generally: yes
in the current market: no. its dramatically over priced and will correct to the now historic average interest rates compared to the past 15 years or 0 level rates

[Anonymous No.56439893]

>>56439034
>that poorfag who thinks he owns anything when he still has another 347 more months of payments to mr. shekelberg
>that retard who puts up "DA INTEREST IS LESS THAN DA INFLATION RATE SO DATS WHY I PAY MR SHEKELBERT 30 YEARS OF 3-7% RATHER THAN PAY IT OFF NOW!!!!" argument while failing to understand that fixed mortgage payments drop the homeowner-specific inflation rate to just a few percent and so you're flushing money down the toilet by dragging out your payments for 30 years like a poorfag retard

[Anonymous No.56439932]

Your ROI is going to be a lot better in tbills than it is going to be in RE right now.

[Anonymous No.56440071]

>>56439307
oof thank god I bought in 2021

[Anonymous No.56440183]

>>56439034
i've been monitoring house prices in middle europe for the last few years (since 2018) and noticed that finally there are homes popping up at reasonable prices.

asking prices dropped by about 30-40% depending on the region and if prices pick up and we get a decent run next year i might be able finally buy a home that's a bit more remote with a big garden. :)

[Anonymous No.56440241]

>>56439049
Wow I'm sold I guess I better own nothing and be happy because I have to pay taxes. Also government won't take your house unless you legitimately have 20 years of back taxes you didn't pay. For most people that's barely anything a month. Dumb fag

[Anonymous No.56440278]

>>56439034
>bro just get 200k min loan
do you think its easy? its not

[Anonymous No.56440283]

>>56439034
You know what that means

Rent increase time

[Anonymous No.56440443]

>>56439274
Taxes that the state collects supports those niggers you fucking retard. At least the thieving niggers are honest enough to steal from you directly and give you the opportunity to shoot them in the face. The state threatens your employer to snitch on how much they pay you and hold onto some of your pay for them to collect every quarter. You're a bootlicking nigger, property rights exist because people are willing to uphold them and the state is by definition anti property rights. People being cured of statism wouldn't mean they stop respecting property rights.

[Anonymous No.56440478]

>>56439038

i rent. landlord raises rent $500/mo with note stuck in mailbox 2 weeks before end of month, with first of month date written at top (like they actually provided 30 days notice).

pay more rent?

pack up all shit and find new place quickly?

owning has some advantages, too.

[Anonymous No.56440501]

>>56439363
So you’re homeless?

[Anonymous No.56440569]

>>56440478
Oh no what if this fabricated post it note ends up at my apartments door that I rent... I hate moving. I better get myself a mortgage and commit to having a house in this Canadian shithole. I better get used to my dogshit schedule of a job to make sure I can afford the costs of owning a home. I better avoid that extra 6k a year in rent by spending 6k a year on tedious bullshit.

[Anonymous No.56440589]

>>56440569
The last one I got before I finally gave up renting was $1000, not $500. So in that regard you have a point.

[Anonymous No.56440596]

>>56439776
You’ll never pay it off

[Anonymous No.56440612]

>>56440478
illegal in many countries

[Anonymous No.56440648]

>>56439037
i have a fat stack of BTC, a house and a large family

[Anonymous No.56440692]

they're keeping you out of the market so they can slurp up the houses themselves.
it's still one of the best times to buy a house since the 60s

[Anonymous No.56440696]

>>56440692
pic related

[Anonymous No.56440703]

>>56439829
>thinks he owns a house
>before its paid off
You got jewed bro

[Anonymous No.56440705]

>>56439186
property taxes are like rent for homeowners but property tax (generally) increases at a slower pace that rent.

[Anonymous No.56440881]

>>56440443
you have to 18 to post here

[Anonymous No.56440939]

>>56439162
False association; property rights are the reason society exists, but society does not need taxation to function and nor does it need taxation in order to support property rights (although it is made easier if the state has a funded police force, legal system etc).

[Anonymous No.56441031]

>>56440478
and are you implying that your landlord (the government) doesn't raise your rent (property taxes) every year and confiscate back their property if you don't pay your rent?

[Anonymous No.56441044]

>sell house
>put $400k in t-bills
>rent
I no longer need to cover insurance, property tax, or basic maintenance. What was once an expense is now providing me with some cashflow above and beyond my total living cost.
I'm free to move wherever I want, whenever I want.

I'm forever grateful to the government for manipulating rates so I could effectively get negative cost leverage to buy a cheap home years back. That one hand out provided me more profit than multiple years of working/saving cash.
But now is the time to rent. At this point in time, if you're not listing your home for sale then you're the real cuck.
If/when the tide turns back in favor of ownership, I can simply take all the capital I've saved up and repurchase a new, cheaper home.

[Anonymous No.56441045]

>>56441031
Mine went down. In red states theres a pretty strong movement to defund government B.S. and cap taxes. In fact idaho had a massive surplus last year and distributed back a bunch of income taxes

[Anonymous No.56441100]

>>56440939
Nah, society is just a group of people that operates under certain rules. Those roles might or might not include property rights. Nobody is using the absolutist ancap definition of property rights, people just use whatever seems to work and are fine with changing things if the results are not satisfactory. Property rights should be allowed in a society only to the extent that they help the society.

Of course vast majority of people that are against capitalism are brainlets, but so are ancaps that conflate goals and the means to achieve them.

[Anonymous No.56441110]

>>56441045
>red state
opinion discarded

[Anonymous No.56441159]

>>56440443
damn, this guy is mad lol and won’t do anything about it

[Anonymous No.56441169]

>>56439351
You would like to? How about liking the fact that spics and niggers will be your neighbors and make you want to leave? They might not be there when you buy but they will eventually find you and surround you.

The biggest mistake you can make is to think buying a 700k-1M gated home in the USA burbs will insulate you from undesirables.

You either have to live the countryside and make sure you have plenty of space between your house and your neighbors or GTFO the sewer that is america.

Nobody in their right mind is going to slave their whole life away just to live next to spics and niggers in the burbs where houses are so close together you can hear your melanated neighbor's kids play rap music and niggerball way past noise ordinance.

Don't spend a second more than you need to in a country that hates you.

[Anonymous No.56441183]

>>56441110
>blue state
life disregarded

[Anonymous No.56441196]

>>56441183
>muh red team blue team
your midwit IQ is showing

[Anonymous No.56441200]

>>56439307
>10% down

kek, had to make sure they included PMI to get the calculations to work

only retards rent

[Anonymous No.56441209]

Depends on your circumstances, OP. All by myself at the moment, no, a home wouldn't make any sense. It is better to be mobile for someone like me, where I'm at in my life now.

[Anonymous No.56441221]

>he's not living in the home his grandfather paid off in the 70s and instead is a literal slave arguing with other slaves about who is a bigger good goyim
Lol.

[Anonymous No.56441232]

If you think rates are going to stay like this for the next 10 years you are retarded. This is a psyop to keep you out of the housing market and paying rent. Buy a house, you will eventually pay it off.

[Anonymous No.56441240]

Been going back and forth on renting/buying for a bit. I'm guessing shit won't change for a couple years and I'm sick of apartments. My rent got put up to fucking 1800 for which I could get a 250k house and build equity/probably pay like 2200 total including property taxes.
That or move into some other shitty apartment or rent a house for 1600-2000.
Even if home prices collapse or something "bad" seems like I'd still be better off getting some equity for rent money + all the normal benefits of owning a home.
Finally got an okay paying job in like 2021 right before car prices shot up, and got a much higher paying one right before interest rates shot up. Everything gets expensive once I get money very annoying.
I make like 7500 in take home every month though so idk seems like the best option.

Living in apartments/rented stuff where you can't really fix/improve anything and just have to deal with retards getting into your stuff, making noise, monitoring what you do seems worth it. No idea how people are okay with that stuff, I grew up in apartments but it still all drives me totally nuts.

Then rent option seems basically keep renting for like 4-5 years and hope the economy gets better (while eating shit from your neighbors/the property owner), with the downsides of buying being after those 4-5 years you might be underwater. (i still don't really buy that property prices are going to drop significantly that just seems like being really hopeful/optimistic that our economy isn't just permanently destroyed and our currency won't just keep getting massively inflated)

I guess the other potential negative is if you lose your job it's harder to move back in with mommy.

[Anonymous No.56441243]

>>56441044
>make sure to list your home for sale when rates are at 15 year highs and purchasing power is at a 15 year low

kek

only retards rent

[Anonymous No.56441259]

gotta wonder, why would jews hire people to post shit like this online all day and try to create more fomo, goy
>>56441200
>>56441243

[Anonymous No.56441265]

>>56441196
uhh red states absolutely have lower taxes. I dont care about whatever /pol/ meme you are aping right now

[Anonymous No.56441275]

>>56441265
you get what you pay for, it's not a red/blue issue, midwit.

[Anonymous No.56441278]

>>56441275
yeah i pay less taxes and my kid gets less estrogen at public school. Im ok with that trade off

[Anonymous No.56441284]

>>56441278
instead they will get classes on meth cooking and knocked by by the local BBC

[Anonymous No.56441295]

>>56441240
250k is cheap, are you not in a major city?

look into the USDA loan program, you could buy for $0 down and get a 4.125% rate right now

[Anonymous No.56441307]

>>56441284
kill yourself

[Anonymous No.56441323]

>>56439776
I "lose" my rent in exchange for having the freedom that for 2 months rent I can cut and run at a moments notice and go across the country. Like if you already know where you're going to settle down more power to you, I for one can't predict the future and which city is going to have more dindus bussed in to riot

[Anonymous No.56441374]

>>56439162
whew lad I've seldom seen a man with such a taste for leather as thee

[Anonymous No.56441452]

>>56441295
I work remote it would be on the edge of a major metro there's like a college town 45 mins outside of the metro. Decent 250k houses are pretty rare but i've seen a couple pop up, lots getting up around 300-350 but the 250 ones are enough for me for now. Like an hour/hour and a half north there are a ton of good ones for like 200-220ish but don't want to be that far off.

I'm just above the income limit by like 10% : ^ )

[Anonymous No.56441460]

>>56441307
mad because you know its true? there is zero point in living in flyover methville. dont give me muh red muh blue bullshit lmao

[Anonymous No.56441486]

>>56439829
>feels really cucky knowing that the owner doesn't even own the house
You think that's bad? Wait till you find out about subleasing lol

[Anonymous No.56441504]

>>56441169
just to add to this, no suburb is safe

government could award local businesses h1b visas and then the neighborhood gets filled with immigrants

major city could decide "we want our basketball americans gone", bulldoze housing, they will move to the next city over to ruin it

even if you find a nice suburb full of white people, they will annoy you with their leaf blower, barking dog, wind chimes, lawnmower, power washer, music

live outside the cities, the government literally subsidizes it with USDA loans, get as much land and as far away from neighbors as you can afford

[Anonymous No.56441550]

>>56441110
>weak faggot can't comprehend not giving more money to the government
Kill yourself

[Anonymous No.56441558]

>>56441504
>live outside the cities, the government literally subsidizes it with USDA loans, get as much land and as far away from neighbors as you can afford
for what purpose? to die off? to let your bloodline die anyway next gen if you somehow reproduce in your methville shithole? fleeing the cities, literally the heart of our nation, and abandoning it to shitkins is what got us into this mess. it is a form of wealth redistribution as they are driving the properties in the city up while you decay in the woods thinking you are winning lol.

[Anonymous No.56441565]

>>56441550
>midwit cannot comprehend WHY people pay so much money to not live in flyover methville
you will learn someday lil chuddy

[Anonymous No.56441575]

>>56441504
>even if you find a nice suburb full of white people, they will annoy you with their leaf blower, barking dog, wind chimes, lawnmower, power washer, music
lol this is so true, even suburb life with white people is miserable

[Anonymous No.56441617]

>>56441460
Honestly, there's no reason for many anons to live in a blue state other than to be close to work. I sure as hell prefer trees and mountains to buildings and people.

[Anonymous No.56441648]

>>56441617
There are massive amounts of parks and trees in my town and I can go hiking any time. There are mountains as well, wtf kind of argument is that? you realize that 'blue' states have tons of nature, right? and that 'blue' states offer the most protection for their natural resources, right? lmao look at how the 'red' state of west virginia is handling its peoples resources by strip mining the entire area and leveling mountain tops to develop into jewish housing.

[Anonymous No.56441687]

>>56441648
Blue states have nature, at the expense of increased higher cost of living. That cost of living is inflating faster than it is in red states. Is your income able to keep up the pace? Most people's income has not.

[Anonymous No.56441691]

>>56441243
>make sure to list your home for sale when rates are at 15 year highs and purchasing power is at a 15 year low
Someone sounds mad they missed the top. Perhaps worse, maybe you're the sucker that BOUGHT the top. lmao.
I'm sorry bro. No refunds.

I'm sure that general trend of declining purchasing power will do wonders for the future trajectory of asset values and rent prices.
I'm really gonna get fucked hard when my new landlord panics and cuts my rent in a last ditch effort to keep earning some small cashflow once the lease is up.

[Anonymous No.56441692]

it's clear chuds on here just drank the left/right controlled opposition kool-aid and repeat everything drilled into their head by psyops done by chinks/russhits and probably the CIA too on /pol/

[Anonymous No.56441693]

>>56441565
>he speaks like this unironically
You don't fit in and it's too late to accomplish anything with your life. If you killed yourself your parents would be happier. No one would miss you. It would be over in a minute. Do your part and improve society by removing yourself from it.

[Anonymous No.56441711]

>>56441687
>Blue states have nature, at the expense of increased higher cost of living. That cost of living is inflating faster than it is in red states. Is your income able to keep up the pace? Most people's income has not.
same old tired arguments not based in reality. look at texico. look at florida. look at any red state and the COL is skyrocketing while the jobs remain stagnant.

[Anonymous No.56441735]

>>56441711
Right, but the vast majority of red states are not like Texas and Florida. You are selecting exceptions to the rule, and overlooking the rule itself.

[Anonymous No.56441746]

>>56441452
that sucks

you sound like my midwestern friends who make ~70k/year and are looking at 250k homes

everything nice under 350k is gone in a few days because USDA limits are 377k

[Anonymous No.56441748]

>>56441693
struck a nerve with this lil chud right here KEK

[Anonymous No.56441759]

>>56441735
im selecting the ones propped up by conservagoyim as their meccas. Not to mention the complete ethnic replacement going on in every red state currently. Have you seen your local school children?

[Anonymous No.56441773]

>>56441759
>Have you seen your local school children?
No, anon. I have a fat stack of Bitcoin and want to live somewhere in the woods with a low cost of living.

[Anonymous No.56441781]

>>56441773
>I want to bury my head in the sand until the cartels flay me alive
kek cuckolds like you need to be executed.

[Anonymous No.56441784]

>>56441748
It's obvious from how you type that you're a loser. Just seriously consider killing yourself. You're ugly and no one will ever love you, so why live? Life isn't going to get better for you. It's not your fault. Death will make you far happier than life is. Just think about it man, that's all I'm saying.

[Anonymous No.56441801]

>>56441784

[Anonymous No.56441802]

>>56441784
>It's obvious from how you type that you're a loser. Just seriously consider killing yourself. You're ugly and no one will ever love you, so why live? Life isn't going to get better for you. It's not your fault. Death will make you far happier than life is. Just think about it man, that's all I'm saying.

[Anonymous No.56441805]

>>56441781
I guarantee you that you are as useless as the average person at stopping these things which are much larger than yourself. At least I'll be able to practice shooting. There's nothing for someone like me in most places.

[Anonymous No.56441823]

ever notice how the chudoids who try to get you to drop out of society, hide in the sticks and rot are mentally deranged? it's almost like they realize their mortal mistake and are trying to drag others into their doom.

[Anonymous No.56441837]

>>56439034
My friend bought a house last year, and the zestimate value has been dropping, so she is withholding sex from him

[Anonymous No.56441865]

>>56441558
i wouldn't live in cities if they were 100% white, affordable with zero crime

[Anonymous No.56441878]

>>56441031
>are you implying that your landlord (the government) doesn't raise your rent (property taxes)
Where I live, the property taxes on a $500k home are around $5k/year. A rentoid will pay that much in 2 months while building no equity

[Anonymous No.56441879]

>lives with parents
>Wont rent or buy in this market
its so comfy bros

[Anonymous No.56441880]

>>56441865
no one cares what brainwashed chuds would or would not do

[Anonymous No.56441906]

>>56441880
was this meltdown really worth it? I mean people are laughing at you, not at your posts.

[Anonymous No.56441916]

Threads like this really show the lack of basic financial knowledge, even amongst those who harbor an interest in business and finance.

When you can get 5% on treasury bills, your house is losing value unless it appreciates by 5% per year. That is the opportunity cost, the risk free rate, the absolute minimum you should be discounting by.
If your house is not worth 5% more than it was last year, it's actually worth 5% LESS.
So many of you have spent your whole live living through ZIRP - with interest on short term cash savings being nominally zero. You can only look at stuff in terms of direct comparison to today's price. You don't understand the intertemporal value of money/assets.

This is why I sold. Cap rates make absolutely no sense. The only remaining reasons to own a home are:
>tax benefits from mortgage interest deduction
>legacy mortgages with subsidized FHA rates
>tax free cap gains when selling the property
And those last two are iffy. The mortgage is in-the-money in the same sense that a 10 year treasury sold in 2021 is now worth 30% less. There's an unrealized gain that you can slowly realize by paying that mortgage down. The problem: It's offset by a depreciating asset which had been simultaneously bid up to stupid multiples.
And the tax free cap gains don't offer value if there are no gains. The best benefit you can get from this tax-free gain is to sell the house today, while that gain is at it's largest.

[Anonymous No.56441955]

>>56441906
>was this meltdown really worth it? I mean people are laughing at you, not at your posts.
once again chuddy making shit up and living a fantasy in his mind not based in reality. you really need to 'touch' 'grass'.

[Anonymous No.56441957]

>>56441880
Keep coping, but it's not just "brainwashed chuds" who dislike living in cities. I honestly wouldn't be surprised if you're a suburbanite who doesn't know what living in a big city is actually like. I lived in Seattle until 2019, and it was literally an everyday sight to see junkies shooting up heroin on the sidewalk, schizos on the street corner yelling about random bullshit, people passed out and dying on the streets, homeless people constantly harassing you for money, tons of noise and police sirens blaring 24/7/365. Imagine raising a child in that kind of awful environment

[Anonymous No.56441969]

>>56441916
You can't just look at those numbers in isolation, you have to pay for something anyway, renting is 100% loss. You aren't getting 5% on rent.
That along with the less measurable costs of renting that can't easily be quantified, including the more subtle benefits of actually being attached to a piece of property, maintaining, improving it etc.
Renting turns you into a zogbot consumerist retard.

[Anonymous No.56441984]

>>56441957
>Keep coping, but it's not just "brainwashed chuds" who dislike living in cities
sure thing chud that is why people pay an arm and a leg to live in the cities lmao, no matter what way you slice it the demand speaks for itself, no amount of chuddy from /pol/ kvetching will change reality.

[Anonymous No.56441993]

>>56441916
>If your house is not worth 5% more than it was last year, it's actually worth 5% LESS.
this doesnt apply to an illiquid asset thats in active use as your domicile. You can min-max all you want but at the end of the day you need somewhere to live

[Anonymous No.56441994]

>>56441984
>It's impossible to overpay for something

[Anonymous No.56441995]

>>56441969
>maintaining
thats literally a cost lmao not a benefit you mongoloid. the absolute state of hoome baggies

[Anonymous No.56441998]

>>56441984
There are two types of people who live in cities: criminal niggers and young techies without families. You don't ever see any children there

[Anonymous No.56442000]

>>56441865
In the feverish summer of this fanaticism there arose the phrase that this or that part of England is being "built over." Now, there is not the slightest objection, in itself, to England being built over by men, any more than there is to its being (as it is already) built over by birds, or by squirrels, or by spiders. But if birds' nests were so thick on a tree that one could see nothing but nests and no leaves at all, I should say that bird civilization was becoming a bit decadent. If whenever I tried to walk down the road I found the whole thoroughfare one crawling carpet of spiders, closely interlocked, I should feel a distress verging on distaste. If one were at every turn crowded, elbowed, overlooked, overcharged, sweated, rack-rented, swindled, and sold up by avaricious and arrogant squirrels, one might at last remonstrate. But the great towns have grown intolerable solely because of such suffocating vulgarities and tyrannies. It is not humanity that disgusts us in the huge cities; it is inhumanity. It is not that there are human beings; but that they are not treated as such. We do not, I hope, dislike men and women; we only dislike their being made into a sort of jam: crushed together so that they are not merely powerless but shapeless. It is not the presence of people that makes London appalling. It is merely the absence of The People.

[Anonymous No.56442017]

>>56441969
You're completely correct. The world is binary. If you rent. You are. A certified. LOSER

[Anonymous No.56442033]

>>56441916
lmao

yep, you figured it out anon

everyone else is just stupid

[Anonymous No.56442036]

>>56441995
Proof you are a zogbot.
Maintaining forces you to keep attached to reality, the material world, your local environment, the weather, the physical makeup of your home around you. It has to be maintained just like everything real does but by abstracting it away to another property owner you are cutting yourself off from the way you actually stay in contact with reality.

Human consciousness and conceptuality is rooted in being among physical things, understanding them, caring for them, and being committed to a place. By abstracting those things away for an "easy life" you are cutting off your means of rationally engaging with reality.

Humans are not atoms that can just be placed anywhere in the world without a loss, who you are, how you think, and how you are able to act is rooted in your environment and how you are attached to it.

I wouldn't expect you to understand, you are too far gone.

[Anonymous No.56442042]

>>56439307
More expensive just in payments, but when you own a home you own all maintenance of it, you take all the downside risk in a market that's been flagging overbought for a year, and when you sell you have to tip your agent tens of thousands.

Buying a home right now is for total retards only.

[Anonymous No.56442063]

>>56442036
pure fucking cope- likely schizophrenic, you are talking like juden peterstein

[Anonymous No.56442095]

>>56442063
Do you think human nature just magically changed in the past 100 years because we got air planes, widespread electricity and the internet? Why would the typical way humans live and interact with the world around them just suddenly become unimportant?

Moving literally makes people retarded consumerist slaves, if you think you are the kind of person who can live anywhere you've just lost any real sense of who or what you are.

[Anonymous No.56442100]

>>56441969
>renting is 100% loss
So is property tax, insurance, maintenance, and, something that none of you fucks is capable of mentally considering:
THE LOSS OF INCOME ON THE MONEY USED TO BUY THE HOUSE.

You dumb fucks think that owning a house means you're living for free. As if that living cost just vanishes. If you weren't in the home you own, you could be renting it. If you sell it, the buyer may be paying money because they may want to rent it.
So to reiterate: You retards are functionally incapable of comprehending the concept of opportunity cost.

>>56442036
Now you're just straight up trolling.

[Anonymous No.56442109]

What's with the shills that get so much enjoyment of telling you to buy at the peak of the biggest bubble in the history of mankind?

We are already on the way down.

[Anonymous No.56442118]

>>56442042
it depends on the metro area

you can avoid the large maintenance expenses by having an inspector who knows what they're doing in regards to roofing and HVAC

[Anonymous No.56442125]

>>56439796
Ok, literal retard confirmed.

[Anonymous No.56442130]

>>56442109
its hoomer baggies, why else would they get so angry?

[Anonymous No.56442134]

>>56442095
i am not the spics and niggers living in my neighborhood.

[Anonymous No.56442140]

>>56441259
It's actually real sentiment, though manipulated by RE empires to keep their exit liquidity high. When they're safely positioned, the market will dump and keep dumping for a couple years.
And the whole time, people like that anon will smile and eat shit while claiming it was their best investment for one cope reason or another.

[Anonymous No.56442151]

>>56442100
property tax is tax deduct-able though and only ~15% the annual cost of renting a house

[Anonymous No.56442156]

>>56442033
I must've figured something out as a millionaire at 30 that previously owned a paid off home, and is now effectively retired while living off investment income.
Deep down I truly hope you'll learn from this wealth of information I'm sharing, although my gut tells me that a retard will always stay a retard. In the end, you housing permabulls are just as retarded as the permanent rentcucks of the world. Anyone that holds a permanent, fixed viewpoint on anything is probably a retard. Mental flexability is the first step towards success in life. When the situation changes: REACT.

[Anonymous No.56442159]

>>56442095
>Moving literally makes people retarded consumerist slaves, if you think you are the kind of person who can live anywhere you've just lost any real sense of who or what you are.
dude you are the one advocating for people to abandon the cities (where most of them live) for methville shitshacks in decaying dead country side.. do you fucking hear yourself?? my family roots are in NYC, we have been here for over 100 years, why would I move to your shitty rundown town with nothing to do besides meth and heroine?

[Anonymous No.56442178]

>>56442140
its definitely not sentiment lol look at the extent the shills go to with all these infographics and charts, totally not biased or pushing an agenda goy!

[Anonymous No.56442227]

>>56442151
SALT caps and the elevated standard deduction have largely negated that since the Trump presidency.
Mortgage interest is still deductible, as I already mentioned, and is the singular legitimate reason to maintain ownership in a home at this moment in time. However, as I've already argued, the unrealized benefit of that outstanding mortgage is not enough to negate the current overvaluation in housing, in a relative sense.
A smart homeowner will sacrifice the discount mortgage to lock in a realized profit on their home while prices are at extreme highs. This may depend somewhat on location, of course, but in aggregate housing is substantially overvalued nationally.

[Anonymous No.56442229]

>>56442109
Cope, do you things are going to get better? Do you think the fed and all the people who have influence are going to have a deflationary environment so all of their debts increase in cost? Do you think all the incompetent minorities collapsing the productive capacity of all our infrastructure and economy are just going to disappear?
Sorry things are only going to get worse. Good luck buying anything in 5 years the idea things are going to improve is delusional cope from people unable to recognize how bad things have gotten. Things were bad 10 years ago but all the issues I've talked about have only increased. We literally do not have what is required for a functioning economy/society, you are going to own nothing and be miserable.

>>56442100
The price difference between renting and buying in some places is only like 10% and the rented situation is going to be 10x worse. Taking 100% loss on half your housing payment vs taking 100% loss on your entire housing payment is still a huge difference.

>>56442134
It's not just the people it's the environment in general, yeah it's destroyed in most places but in that case you just have to find the best place you can to put your roots down. Though I'd say what makes spics/niggers who they are IS the fact that they are alienated and rootless away from their home, that's why their so miserable. If you want to move constantly and rent you become the same a a spic. Helping yourself, degrading everything around you, focused totally on pleasing yourself while everything falls apart.

>>56442159
I never said that lol, confusing me with someone else. I think NYC is a hellscape but if that's your culture that's you I'm just not a new yorker urbanite (that does explain your lack of perspective though, always sheltered from reality). I do think there is a loss but not like you are actually avoiding drug addicted losers where you live now, hell you probably spend lots of taxes on supporting them.

[Anonymous No.56442240]

>>56442156
we are truly blessed to be in the presence of someone who paid off their 4% mortgage because they thought the money would be better used in treasury bills that paid 4%

[Anonymous No.56442276]

>>56442156
I'm not the poster you're responding to, but I have a wife and 4-year-old kid and I have about $1.5 million in money market funds earning close to 5% interest, a salary with bonus that's about $150k-$200k depending on economy (wife does not work), 1 paid-off house in a foreign country, and am currently rending in the USA. I've been considering for 2 years buying a home in the USA now instead of renting. I'm aware of the opportunity cost, but in my case, would you say it makes sense to rent or own?

[Anonymous No.56442323]

>>56442227
hugely dependent on the state

i pay zero income tax to the state, prop tax on my rentals averages to be 0.5%

i have 3 rental properties worth 1.3 million, annual tax bill is 6500

you are not taking into consideration depreciation deduction (3.6%)

[Anonymous No.56442358]

>>56442276
why the fuck are you asking him for advice?

he calculated cap rate solely based on the percent of equity the home is earning each year

then he bragged about giving up his cheap credit so that he could lock it into treasury bills

lmfao

[Anonymous No.56442400]

>>56442240
With each and every post, you skillfully compound the evidence that you have no functioning brain.
The relationship between mortgage interest rate and t-bill rate is irrelevant except in the specific circumstance of choosing to prepay that mortgage vs pumping excess savings into t-bills.
You cannot sell a house and choose to keep the mortgage loan active. It's simply not an option.

So, you have to sacrifice the "profitable" mortgage to avoid the future loss on your real estate. A worthy tradeoff for most. If you were going to continue living in a home, then obviously you shouldn't be prepaying a pre-covid ZIRP/QE mortgage at this point in time.

>>56442276
Depends on where you live, but most likely it would not make optimal financial sense to buy for the reasons I've already presented.
However, the consistency provided by living in a single location may be worthwhile for the child. At least once they enter kindergarten. When you rent, there's the possibility that the owner changes their mind and ceases rentals, or raises the lease immensely.

Some things are worth more than maximizing your long term net worth. This is a personal decision.

[Anonymous No.56442410]

>>56442358
Ok well what would you say?

I was considering buying a home outright in cash, no mortgage, for now while mortgage rates are close to the overall stock market average return (something like 10% maybe), then re-financing the home for a mortgage once the rates are down. This way I'm avoiding the high mortgage rates, but unfortunately losing out on the 5% treasury rates, but presumably when mortgage rates go down the stock market return will be about the same over the long term and I could benefit. I'm assuming the treasury rates will come down at the same time as mortgage rates, roughly, so no way for me to capitalize on that.

Thoughts on this?

[Anonymous No.56442418]

>>56442323
And now it comes out that you're actually larping as some jewish slumlord. Who would've guessed it...?

It is difficult to get a man to understand something, when his salary depends on his not understanding it.

[Anonymous No.56442430]

>>56442400
The "owner", my landlord, is my parents. We don't live together but I am renting at a nice discount to the mortgage they paid on this place. But the consistency and also just need for more space is the reason I'm considering buying. Also see here for my reasoning:
>>56442410
Is what I said I plan to do there sound or am I way off? This would be my first time buying outright (the home abroad was from my wife's family).

[Anonymous No.56442443]

>>56442400
>Some things are worth more than maximizing your long term net worth.
Something I've been thinking about for years now. Anyway, thanks.

[Anonymous No.56442476]

>>56442430
Yeah, I'd pay cash now. No reason to take a mortgage if you're gonna leave the equivalent cash in treasuries yielding less than the mortgage interest.
The one exception is is exactly like you're saying - if you think the stock market is going to crash imminently and you're stockpiling that cash to buy the dip. Personally I think that's unlikely though - my base case is more of a silent crash, the same sort of endless crabbing while t-bills steadily pay out 5.5% that we're seeing today. Eventually, valuations will normalize again. I do like oil stocks though.

I think you're on the right track.

[Anonymous No.56442488]

>>56442476
Ok I'll keep that in mind too. Thanks

[HamasSoldier !7iIy532IPc No.56442654]

>>56439411
>>56439411
based

[Anonymous No.56442695]

>>56442418
i wish i was a jewish slumlord, im just a wagie

>buy place to live that's cheaper than renting
>invest earnings from job in crypto
>fed cuts rates
>crypto goes up
>property value goes up
>refinance mortgage to lower rate
>cash out crypto profits for down payment
>buy new house that is cheaper than renting
>rent out old house

formula worked for me from 2012-22, thank god the fed kept rates low for so long

[Anonymous No.56442820]

>>56442476
shit boomer tier advice from 95 IQ trust fund baby

>>56442410
you take the mortgage, you ALWAYS take the mortgage, even if you have cash, even if the rates are high

500k investment = 20k/year earned from t-bills (4% after tax)

500k house = mortgage rate 8% = 40k interest paid to banks first year

but, you get to deduct ~25% of that interest paid from your taxes. you also get to deduct your property taxes paid ($5000), this gives you 11k back on your tax bill, so your net interest paid is 29k, meaning the mortgage rate is effectively 5.8%

>but doesn't that mean i should do the t-bills then?

no, because if rates go up = t bill returns go up, and you win because you locked the lower rate

if rates go down, you also win because you have a mortgage that you can refinance at a cheaper rate

not only that, you can do far better than fucking 5.5% on treasury bills for investments, the boomer stock market does 12% per year, or you can play the crypto casino

all you need to do is beat 5.8% with your investments and it's advantageous to take out the mortgage

[Anonymous No.56442843]

>>56442820
except by the time you find a nice house in your budget and get a mortgage approved the chad cash buyer who bid 100k over asking closed within 3 days. better luck next time mortgageoid

[Anonymous No.56442941]

>>56442843
true, happened to me several times

i lost out on a place last year to a cash buyer because the boomer selling the place heard the word "cash" and "asking price" and wet their pants

my offer was 15k above asking and a 15k EMD with a 30 day close

there's a lot of stupid people out there with money

[Anonymous No.56443024]

>>56442820
where in the tax code does it say you can write off 25% of interest paid?

[Anonymous No.56443646]

>>56443024
He probably means
>You can deduct mortgage interest from your taxable income (if you itemize deductions), so you don't pay the normal 25 percent or so of income tax on it

[Anonymous No.56444593]

>>56442118
Maintenance happens every year regardless. Even with a new house. Landscaping, small wear and tear, and shit just happening. Inspectors only cover surface level things. After six months, their report is useless. In that time, you'll have found everything they did by living in the place.

In most markets none of this matters. Rentals include all of that in their price. This market is unique though. It won't be forever, maybe just for a year, but certain conditions have aligned. There's a fucking lot of rental inventory which was purchased at very low rates, and buy pressure on rental leases isn't very high, so landlords can't raise rent past the amount it would take to own a home at current rates. This is an UNSTABLE condition, much like the inverted yield curve. The chart will correct, and it's very likely to happen through falling house prices. So if you sell now, get a year lease in a rental, and buy again, you'll probably save money. That's a lot to do, and I don't expect most people will do it, but it's what I've done. Taking profits is important.

[Anonymous No.56444773]

>>56444593
>sell your house
>give up cheap mortgage rate
>pay 6% in closing costs (realtor fees, title insurance)
>buy back in a year later
>pay closing costs again: appraisal, inspection, title
>get an even less affordable mortgage at a higher interest rate

this might be the worst advice in this thread

[Anonymous No.56444849]

>>56443024
publication 936 allows for mortgage interest to be deducted

whatever you deduct from your income you dont pay in your taxes

so if you have a 20k deduction, your taxable income decreases by 20k, exempting you from paying ~5k in taxes

the middle 40-95% of americans pay either 22% or 24% as their highest tax rate, if you add a few percent for state income tax, you are around 25%

[Anonymous No.56444869]

>>56439034
And
People rent because they can't get homes.
Shits fucked.

[Anonymous No.56445367]

I bought in 2020 because it just seemed like good timing. Also my lease was up. Basically it was be closer to work by half the commute distance and pay $400 less but have ~300 sqft more to clean + lawn or renew lease and hear neighbors playing music. Thinking about saving nearly $5k/yr plus saving on gas and vehicle wear it was too good to pass up. One thing I didn't expect is that garbage is a lot easier, just take it to the street instead of hauling it to the dumpster that always seems to be overfilled. I still hate cutting grass, but the extra rooms I never use so it's out of sight out of mind as far as cleaning goes. I kind of feel dumb for not buying years ago. Already saved like an additional $15k and house has gone up in value, but the increase would be negated by all houses going up roughly the same so you can't really count that as a positive. All said I would suggest buying over renting. The benefits far outweigh the downside. In a few years when I early retire I'll probably buy some rural land and larp as a homesteader while renting out the house.

[Anonymous No.56445451]

>>56439829
That was in a lot of the leases I've seen.

[Anonymous No.56445469]

>>56440692
I think they're trying to pump rent though.