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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56531809 No.56531809 [Reply] [Original]

Homecucks will baghold for 13.5 years and miss 3 bullruns just to break even on their "investment"

Just lmao

https://fortune.com/2023/11/01/how-bad-housing-market-affordability-zillow-says-13-year-breakeven/

>> No.56531843

>>56531809
The buyers of the last few years bought at the absolute top

>> No.56531879

>>56531843
Generational low interest rates = generational high prices

People that brag about locking in a low rate actually locked in a high price that their house most likely won't be worth again within the next few decades

>> No.56532044

>>56531879
Redpill me on this.
Everyone seems to just dump their cash into these mortgages which are fucking insane (6% in the UK) and don't seem to be too phased about it.

>> No.56532071

>>56531879
you are braindead. look at a chart of housing prices the last century and tell me when prices dipped more than 15% ever in the usa?

>> No.56532119

>>56532071
tell me when mortgage rates tripled ever in the usa

>> No.56532221

>>56532044
There are a lot of other cost that go into owning and living in a home. Also a lot of home owners are completely ignorant of how much its costing them to maintain the house year over year. Or how much inflation is eating away at the value of the house. Also know as a stealth tax. Most people look at the nominal value of there house.

Buying a house to live in for 5 to 10 years is generally speaking a good investment though. If you can maintain a job where you live for that long.

>> No.56532240

>>56531809
most homo-owners are 65 IQ nigger tier retards when it comes to understanding the basic mathematics behind their predicament. they have no idea that they're losing 3-6% to realtor and soft closing fees if they sell, and that the first like 5 years of payments are overwhelmingly going toward interest rather than principal. most normgroids still think the "property ladder" is a thing.

>> No.56532266

>>56532240
>He's so smart that he's paying someone else's mortgage just to pwn home baggies on furchang.
Super 3d chess bro!

>> No.56532285

>>56532240
>property ladder
I sware that shit is such a scam. By the time people get into their 2800sqft 4 bed 3 bath dream house their kids are getting ready to move out. I see so many empty nesters and retired boomers living in those mc mansions.

>> No.56532293
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56532293

>>56531809
>javascript:quote('56531809');

so you opted to pay your landlord's retirement instead? are you retarded?

>> No.56532310
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56532310

>>56532071

>> No.56532332

>>56532293
Landleeches are brainlets who baghold houses that make a loss on yield in the hopes they'll one day make a capital gain. That worked in the past when interest rates were falling but doesn't work any more.

Where I live it costs 2x to buy a house than to rent the same house. By renting your landleech is losing money EVERY MONTH so you can invest the difference and make gains.

>> No.56532884

>>56531809
i already broke even

>> No.56532960

>>56532293
My retirement fund is already worth four times my land lords house.

>> No.56533082

>>56532960
Conversely, the gain I've made on my quadplex is eight times more than the gain I've made on my retirement fund since 2020.

>> No.56533089

>>56531809
THAT HURTS BRO

>> No.56533301

>>56533082
Nice moving the goal post. I may or may not have fared the same risking investing into a quadplex.

>> No.56533323
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56533323

Still not as bad as silvertards.

>> No.56534505
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56534505

>>56532221
>If you can maintain a job where you live for that long.
That's the very reason I'd never buy. I switch jobs and apartments every few years, and keep all my wealth liquid. Not falling for that muh homeowner meme (aka mortgage owner). Both boomer index funds and BTC beat the "appreciation" of houses, lmao.

>> No.56534917

>>56531879
I didn't buy at low rates because this is what I was thinking. Little did I know it was historically low rates AND prices. I could have bought a dream home and would have been paying less in mortgage than I pay to rent a cockroach infested cuckbox right now.

>> No.56535074

>>56531809
EVICTION NOTICE
you have two weeks to gtfo, im moving in my harem

>> No.56535611
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56535611

>>56531879
Tell me how this is true because I want to say one thing and I want you to explain it to me: in my city there is like the Inner City, the City, the Outer City, Suburbs, Outer Suburbs etc. Well, you see, I live in quite a nice city and in the City and the Outer City, the suburbs are all very nice, nice gardens, nice trees, nearby the Inner City, all handmade homes from a different era, each with a unique design, personality, perhaps a weeping fig tree or something, you understand what I'm saying - it is what people imagine themselves living in when they imagine a nice life in the city. Well, now if you go to the Suburbs and Outer Suburbs (with some gradient effect) you basically have systematically cleared plots of land, regimented homes, bang, bang, bang, carbon copy, and the backyards get smaller and smaller, and they are increasingly filled with poos and afghans, and they keep making more and more of them, further and further out.
Well, I understand what you mean by:
>Generational low interest rates = generational high prices
>their house most likely won't be worth again within the next few decades
But the way I see it, in any given city there are, for argument's sake, 100 houses that are real, legitimate houses that everyone wants, and there are the shitholes that keep multiplying on the edge of the ever growing city (this applies to regional cities and towns as well, same thing can be observed anywhere there any industry to speak of) and yes maybe I think you are right if you pay any amount of money for one of these LITTLE BOXES/MCMANSIONS/DEANO BOXES then certainly you will be ultimately fucked, but the further in you go in any city (crime ridden shitholes not included) then with the rapid reproduction of chinkoids and various other under classes, there is no way a nice two-storey home in a nice part of town doesn't go up and stay up.
Please reply because I am a brainlet and would like to know if I have any idea what I'm talking about.

>> No.56535633

>>56532119
1975-1980
House prices went up during this time

>> No.56535658

>>56532332
>Where I live it costs 2x to buy a house than to rent the same house.
Most landchads bought their properties prior to the 2020s though, so your point is invalid. With a mortgage of 3% my mortgage payment is far less than people's apartments rent and far less than rent of equivalent property.

Now you can always live in a van down the river or whatever but that seems like a crappy way of life.

Basically the people who are against home ownership have gas lighted millennials and zoomers into thinking that it's not a good financial investment or they are millennials and zoomers who are coping to avoid roping. Ya should have bought one rates are low.

>> No.56535667

>>56535658
>gas lighted millennials and zoomers
Do you think the same people making "hoomer" threads also rage against "owning nothing and being happy" when Netflix pulls their favorite interracial romantic comedy from broadcast with no explanation?