Self Made milliionaire says renting is better than buying

[Anonymous No.57517759]

Why are you so obsessed with owning meaningless objects?

[Anonymous No.57517769]

>women

[Anonymous No.57517771]

>>57517759
I'm a self-made millionaire too, he's full of shit

[Anonymous No.57517780]

>>57517759
family legacy, as a man its a mission to make sure you leave assets behind for your legacy otherwise your life meant nothing to nobody and you die a worthless scumbag piece of shit

[Anonymous No.57517808]

>>57517759
Ohoho, don't let the newly frequenting, totally not-Normie/NPC, social media posters/lurkers of this board see this. Wowee caboodles, turns out locking up your funds via a 5-6 figure down payment in an """"asset"""" that you have to pay annual fees to your local government to merely hold, doesn't generate passive returns while holding it, and having to pay maintenance expenses while holding it...all just to beat out inflation by 20% via appreciation doesn't have the best opportunity cost vs other assets?! SHOCKER!

Shame that the article's authors centered that obvious observation around a retarded roastie though.

[Anonymous No.57517830]

>>57517759
tying yourself to any country just to abandon it during ww3 is truly the most idiotic thing

[Anonymous No.57517837]

>>57517830
/thread

[Anonymous No.57517933]

>>57517759
>Boman
Okbye

[Anonymous No.57517996]

>>57517759
unironically just shove all that money into bitcoin and divv stocks and yes, rent. Buy one cheap home outright and either rent it out and live somewhere else or live in that house. You could argue a home is a bad investment because of how much upkeep it has and how little it pays you compared to other options with less friction.
>>57517830
2 more weeks

[Anonymous No.57518098]

>>57517759
>Okay, I know I said everything published by the media was a Jewish psyop but you should totally listen to them this time

[Anonymous No.57518584]

>>57517808
yeah, I just have no desire to buy unless I could do it for cash or close to it. The idea of getting a mortgage on a 300k house, and when to pay it all back with interest you'll have paid 600k total, but it'll be 30 years later, so you'll be able to sell the house for 600k...ideally, I just don't get it. Obviously it works out great when the value of the house goes up faster than interest rates, but otherwise it seems like it's marginally better than renting. IMO the only point to buy is because your monthly payments will likely be lower than renting, and you might save a little bit of money over time. Otherwise, just hoping that your house triples or quadruples in value so you have tons of equity later is ridiculous. I know it's happened before, but that was a unique time, and it's not fair to expect that will happen again to the same degree

[Anonymous No.57518593]

>>57517759
So what if she fucked a German Shepard and got shit on by Saudis. She has a million dollars LIQUID and has sex with who she wants now.

[Anonymous No.57518596]

>>57517759
thats it. im buying a house.

[Anonymous No.57518703]

>>57517996
Yes this is why I sold. Too bad I sold months before 50% appreciation. This is how I do things.

[Anonymous No.57518717]

>>57517759
If you live in a city, rent a cheap apartment and save money to buy land in the country. People here act like buying an urban cuckshed made out of balsa wood is an accomplishment.

[Anonymous No.57518748]

>>57518717
>rent a cheap apartment in the city
It would be reasonable if renting prices were still reasonable. I used to only pay 400 for a one bedroom. Now I would be paying 3 or 4 times that.

[Anonymous No.57518771]

>>57517808
You'll pay either way. You'll either have something to show for it and eventually stop paying as much at some point or the amount you'll pay will just continue to pay until death. Either way, you'll pay.

[Anonymous No.57518984]

>>57517759
>Why are you so obsessed with owning meaningless objects?
Because I want to stick my dick inside them.

[Anonymous No.57519107]

>>57517759
>listening to a woman
>listening to the wef who says you will own nothing and be happy
Which one is worse?

[Anonymous No.57519115]

Renting is better than buying, especially if you get a rental price that is well below the average.

Buying a house means full responsibility and if you do not have time do the work, you have to pay someone else to do the work for you or let the house rot.

For most people who are not mechanically inclined and understand how a house is built, how electrical layouts are placed, how plumbing works, how to upkeep their yards;

Then buying a house is probably foolish choice.

The price of buying houses is ridiculously high right now, it's just a meme market where old money is flipping new properties and poorly renovating old run down houses at the bare minimum effort to appear safe and up to date.

[Anonymous No.57519120]

>>57517759
Biggest cope or she didn't have money to buy before 2020.

[Anonymous No.57519158]

the smallest house you can get in the city I live is a 3 bedroom with no backyard, and hoa+tip. Add property tax to the hoa and my studio is the same price with no liability.

[Anonymous No.57519177]

>>57517759
If she's saying shit like that, that million she has is likely tied up and isn't readily spendable.

It's bullshit though because prices in renting and owning today are built around having a partner who have their own income. You spend a lot no matter what and if you're gonna get into a market based around you having a partner you should get into the one where you leave something behind which is of course owning.

>>57518717
>rent a cheap apartment
>in the city

That being possible is very much dependent on the city... And even then do believe me that you will get what you pay for.

>>57519115
>The price of buying houses is ridiculously high right now,
The pricing of buying is majorly just exaggerated by people whom don't understand what I said before and that it's priced around having two people each having their own income. Additionally too there's too many kids out there wanting to buy more than they need like a 3 bedroom house with a pool while single and pay no attention to condos or just buying an apartment unit.

[Anonymous No.57519211]

>>57519115
Durr hurr the only purpose of owning a house is putting renters in it. What about living in one? If you knew what kind of housing options there are around where I live and how much those each cost you wouldn't be saying this dumb shit. Try renting in each city around the world to see what each is like, you can't.

[Anonymous No.57519214]

>not cardboardmaxxing
>ngmi

[Anonymous No.57519542]

>>57517759
Where I'm from, a 15 year mortgage for an apartment (now that rates are high) costs around the same as renting that same apartment. So it makes no fucking sense to rent if you have the credit score. And if I really wanted I could pay it off in 5 years.
Not owning any property is top tier faggotry

[Anonymous No.57519565]

One of the reasons I would never buy a house is because it will never really belong to you. It just belongs to you on paper but the government can take it away from you.

[Anonymous No.57519592]

>>57519565
Obviously, I can also go to your house, shoot you in the face and steal it. That is until government zogbots come and arrest me.

[Anonymous No.57519621]

>>57518771
>something to show for it
Purely as an investment (which literally everyone has somehow been conditioned into thinking it is), this is retarded though. I'm not saying there will be a housing crash this minute, but sooner or later its going to happen and its going to be brutal if you've tied up all your net worth into this "investment".
However if by "having something to show" means procuring a nice property, something that you can see becoming a generational home for you and your kids and their kids, that's something else. But retards out here are mortgaging themselves to death to "own" some dinky shitbox in a neighborhood that's probably going to be culturally diverse before too long if it isn't already.

[Anonymous No.57519754]

>>57517780
>Legacy

In less than 100 years nobody will know your name. Stop it, you're not Gengis Khan

[Anonymous No.57519782]

>>57517759
>wild feminist
>leopard print coat
>bandana
opinion discarded

[Anonymous No.57519802]

>>57519621
>I'm not saying there will be a housing crash this minute, but sooner or later its going to happen and its going to be brutal
Depends where you are, i dont see a housing crash happening here in england because there aren't enough houses to go around in the south kek, also you say locking up your money mortgage pricing is the same as rent

[Anonymous No.57519816]

>>57519782
Based and agree pilled.

[Anonymous No.57520145]

I'm a self made millionaire too and I rent.
I dont want to be tied to only one location and I want to be able to leave whenever I want.

[Anonymous No.57520178]

>>57519115
>For most people who are not mechanically inclined and understand how a house is built, how electrical layouts are placed, how plumbing works, how to upkeep their yards
Fuckin scrubs.

[Anonymous No.57520418]

>>57519211

Sometimes you can't have what you want without paying a ridiculously high price, which means you probably don't really need it, then it's better to make with what you have.

The real estate market is being run the same way the arabs run their convenience stores.

>>57519542

You are right; and it's because the rent is too high. It's actually surprising the government hasn't put limits on rental properties, the owners of these properties are just slum lords of all different levels.

The last property I rented was $425 per month, electricity and gas included.

It all depends on the people you rent from; sadly most people are just fat, lame and selfish.

I should have become a doctor and then I could charge boomers 10x the amount I would charge people under the age of 55.

[Anonymous No.57520457]

>>57520145

Exactly, and also leasing vehicles works out as well unless it's used directly for the job.

This whole idea of owning a car seems great, until it breaks and the warranty only covers so much... with a lease, it's 100% covered.

It's totally worth it if you plan on using your vehicle to commute often, putting tens of thousands of miles on it every year... other wise I'd say just buy a used vehicle if you put less than 15 thousand miles per year.

[Anonymous No.57520471]

>>57517759
Imagine not just buying in cash and having to take out a mortgage from a bank. You guys aren’t actually poor, right?

[Anonymous No.57520486]

>>57517759
Why not be the landlord then?

[Anonymous No.57520499]

>>57520145
>I dont want to be tied to only one location
>5 year lease.

[Anonymous No.57520506]

>>57519115
Renting is for retards, you might as well burn your money.

[Anonymous No.57520525]

>>57520499
if I rent I can pack up my shit and leave anytime I want. no need to wait 5 years for anything.

[Anonymous No.57520548]

>>57520525
If I buy a house I can pack up and leave too.

I've owned/lived in 3 different houses in the past 7 years. You know you can just turn your old house into a rental for rentoids like you.

[Anonymous No.57520554]

>>57520471

Imagine not taking out a mortgage whose interests are fully deductible (at least in my country), instead of wasting your cash which could be invested in the stock market and potentially earn you more money.

You guys aren't actually financially retarded, right?

[Anonymous No.57520606]

>>57517759
Let me guess. She owns nothing, is hundreds of thousands of dollars in debt but her buisness is """valued""" at a million dollars so she is a millionaire despite not actually having a million dollars.

[Anonymous No.57520619]

>>57520506
All depends where you live. Pros and cons to both.

[Anonymous No.57520638]

>>57520548
I dont want to own it, too much of a hassle.

[Anonymous No.57520648]

>>57517759
>”self made” “millionaire” trying to convince rentoids that they should own nothing and be happy
>woman
Top fucking kek

[Anonymous No.57520688]

>>57517759
the problem is when mortgages are way too high, its in fact riskier to own than to rent
if you got in 2010 sure life is great but for the rest of us who are growing into the system its important to keep your cash flows healthy

[Anonymous No.57520723]

>>57517759
well yeah, she probably likes "traveling" and "going out" and blah blah. For someone who doesn't like sticking in one place for too long it is a better idea to rent.

If you get a chance to purchase a home via private sale with a decent interest rate then go for it. That's what happened to me, I had no intention of owning a house. But my landlord was selling and it was in a non black neighborhood in a desirable area. On top of that it's a duplex, currently 85% of the mortgage is being covered by renters.

Sure, I had to fix a leak with one of the showers, one with a toilet, the tree outside needed trimming etc. But totally worth it overall to own a property.

I know this isn't important to everyone but just the status symbol alone it gives you is insane. I'm the only one of my age that I know who owns property... people can't believe it, girls automatically prioritize you over other guys etc. do no underestimate the value of status.

[Anonymous No.57520728]

>>57520471
epic midwit take

[Anonymous No.57520750]

renting is better, put your excess money into S&P and you will grow faster than your house value

[Anonymous No.57520801]

>>57517759
I'm a self made millionaire too and renting only makes sense if I know I live somewhere for a very short term.
>>57517830
Owning geographically diversified real estate is the best ww3 plan, because there will be some part of the world that's relatively safe (may be traditionally Switzerland, but you can't be sure) and prices there will go into the stratosphere when that happens.

[Anonymous No.57521201]

>>57519621
Stocks could also crash?
Crypto?
Gold?

What's the play to win long-term?

[Anonymous No.57521222]

>>57520506
Based boomer Walmart shopper

[Anonymous No.57521272]

spread that pussy for the boys millionaire mommy, we lining up to eat

[Anonymous No.57521292]

>self made milliionaire
this expression always makesme laugh, like if they printed their own money or something

[Anonymous No.57521293]

>>57518771
Charts like these are so dumb. It starts out with a 10-year increment, then goes to 5 years, and then near the end it's 1 year at a time. It's so misleading because it makes rent prices look like they've been going up slower but they haven't.

[Anonymous No.57521459]

>>57520723
STATUS ! STATUS !?
That's interesting. Not saying that's the wrong impetus to decide to own property but if attaining status is a large percentage of why
you choose to take on a mortgage then that could cloud your judgment.
What are you going to do with that status is more important, assuming your peers have
granted you that status and it's not a figment
of your imagination. How do you profit from status?

Also, read this book. For now check out 47 & 48
https://marygoodbooks.medium.com/100-best-lines-from-the-book-the-psychology-of-money-40a603288e58

[Anonymous No.57521480]

>>57517759

[Anonymous No.57521770]

HOOOMERS seethe so bad at people
That don’t want to pay Jews for a wage box (((mortgage))) it’s weird. Like I don’t go into home owner threads SEETHING at them? I don’t care, if it works out for you great. If not? Renting is fine by me, it’s significantly cheaper than buying in my area and has allowed me to build a portfolio worth more than any HOOMER I know IRL besides 1-2 people who have great jobs, or are professional athletes. I’ll buy when I have 7 figs sitting in index funds until then my comfy apartment suits my needs and I’m willing to sacrifice for a better future down the road and not be pressured into it like some nigger brained normal cattle trying to play keeping up with the Jonesburgs.

[Anonymous No.57522293]

>>57517759
>millionaire
so your average high school dropout?

[Anonymous No.57524064]

>>57521272
I'd rather eat out a homeless latina

[Anonymous No.57524092]

Owning a home that you spent way too much money on ties you down and you then miss all opportunity that may arise.
You can't quit your job.
You can't move for a job.
So if you buy a home, you better be fine with "this being your life" for now on. It will NEVER improve once you buy a house.

[Anonymous No.57524196]

Just get yourself a girlfriend and split up the rent. Now you have payments lower than a mortgage AND sex (allegedly)

[Anonymous No.57524214]

>>57517780
except all kids sell their "family home" because its been surrounded by fucking immigrants and they live an hour+ away

[Anonymous No.57524270]

>>57517759
>Female
>""""self made"""" millionaire
Divorce or onlyfans?

[Anonymous No.57524310]

I think a lot of you are confusing owning a home with mortgaging a home.. I own a home. I'm not tied down, it's not a dog, I don't have to feed it. There is no mortgage, so it's an asset, not a liabilty.

[Anonymous No.57525350]

>>57517759
The only reason she is allowed to exist is because the Jewish court systems protect her from being rightfully beheaded in public.

[Anonymous No.57525446]

>>57524310
>I dont have to feed it
Probably because you live in a dump in the middle of nowhere no one wants. Any decent property has Home Owners Association shit attatched to it which often demands the front looks a certain way or you get smacked with fines. And you cant maintain that without oodles of money or attentive maintenance.

>>57524214
>immigrants
whut? Touch grass dude. Kids sell the family house to have a big chunk of change come in and also to avoid complicated inheritence situations.

[Anonymous No.57525723]

>>57525350
and you would be a bacha bazi dancer you little faggot, so you are right, the jewish court system is bad.

[Anonymous No.57526223]

>>57517759
real estate has paltry returns, like 6%. Its just easy and almost passive income
An actual business that moves product will make much more money using the same capital than just renting some space

[Anonymous No.57526585]

>>57520506
Sure thing honey

[Anonymous No.57526611]

>>57519565

Like every other thing in the world you absolute tard

[Anonymous No.57526641]

>>57520418

$425/mo utilities included last time you rented...

...I'm not listening to a third worlder's advice on the housing market

[Anonymous No.57526676]

>>57524310

LARP

[Anonymous No.57526693]

>>57518584
> The idea of getting a mortgage on a 300k house, and when to pay it all back with interest you'll have paid 600k total, but it'll be 30 years later, so you'll be able to sell the house for 600k...ideally, I just don't get it
Vs renting? What’s the return on renting? How much do you get back from renting after 30 years?

[Anonymous No.57526741]

>>57526693
>Vs renting? What’s the return on renting? How much do you get back from renting after 30 years?
Depends on long term market structure and politics.
If the real estate market has too much supply then rents collapse to barely cover maintenance cost of the house. Sometimes they go even below that.

In the other hand If there is too little supply then rents orient themselves upwards to the maximum marginal ability of wagies to pay.

[Anonymous No.57526746]

>>57526741
Most Americans here have only ever known the latter situation

[Anonymous No.57526799]

>>57519565
It makes you a big target for taxation when as over time, governments get greedier and greedier (as they do) and the bureauRATs feeding at the teat decide they deserve for money for their glorious service of chocking the economy with poorly thought out regulations.

[Anonymous No.57526945]

>>57519107
its the same

[Anonymous No.57526976]

>>57519754
your missing the point the moment you really die is when no one mentions your name again,
100 years is way better than 1 week, which one has more meaning....

[Anonymous No.57527028]

>>57517780
>as a man its a mission to make sure you leave assets behind for your legacy
It really isn't
All you need to do is put children on the earth and compose a great work which you will be remembered for
No-one remembers the second richest man in 1513, but great poets, artists, etc are still around and kicking from that same period. Same idea with science

[Anonymous No.57527203]

>>57518584
>Otherwise, just hoping that your house triples or quadruples in value so you have tons of equity later is ridiculous. I know it's happened before, but that was a unique time
Land being finite was a unique time? In 30 years a house doing a 3x isn't really ridiculous. Even just inflation at an average of 3% a year will make it increase in price by 90% alone.

[Anonymous No.57528173]

Lot of cope ITT desu

[Anonymous No.57528405]

>>57525723
Taliban banned it. The US globohomo house of cards allowed it (probably the main motivation for being there to begin with)

[Anonymous No.57529340]

>>57521459
>How do you profit from status?
Same way guys like Andrew Taint do, if you're willing to be scummy enough, that is. Status is all about marketing, no? If no one knows you own XYZ coveted item (coveted at your particular age), you have no status. Even then, you don't even need to own something if you can just make it look like you do, ie Taint renting many of "his" super-cars. Idk, the way people perceive you is important. People who say shit like "oh idc how people see me" are retarded and wilfully sticking their heads in the sand. You should care how others think of you, but not to a point of neuroticism. Who knows, maybe one day you meet someone who could help you/enrich your life in XYZ manner and it's worth being put-together enough to 'woo' them. And maybe the only reason they know of you --> reached out to you is *because* of your 'status', not to necessarily say that owning a piece of fucking property is going to have your phone ringing off the wall, but you know what I'm getting at.

[Anonymous No.57529360]

>>57525446
My parents own a home in the number 1 safest neighborhood in our city with 2 private schools within walking and driving distance respectively, and have had to do very minimal maintenance/repairs over the years. The overwhelming majority of work done over the years was renovations by my dad. HOA doesn't get on people's asses for minor shit, not that my parents would give a shit if they did either. They usually concern themselves with landscaping/beautification projects throughout the community. Stop coping.

[Anonymous No.57530281]

>>57519754
you don't know what you're talking about

[Anonymous No.57530287]

>>57517780
Okay but what if you rent until you get really rich, then you get a house and call it the 'family manor'.

[Anonymous No.57530315]

>>57527028
Now i know youre a fkn retarded leftie fuck, who the fk cares about people that arent loved ones mentioning your name.. i swear youre all the fkn same

[Anonymous No.57530882]

>>57517759
when you live in overpriced ugly cities then yes. renting is better.
when you want live in low price rural area and build up a fammily and a comfort life then buying is better

[Anonymous No.57530963]

>>57517759
Let me guess, I can find pictures of her dirty unbleached cottage cheese asshole online with 2 minutes of research.

[Anonymous No.57531279]

also when you pay every month money to a bank then you didnt bought it
you just rent it from a bank
you own only debt free homes

[Anonymous No.57531551]

>>57517759
some benefits I noticed people never talk about when buying a home:

1. never have to move/no landlord - this is HUGE - if you live in a nice place and don't want to move, you never have to worry about that possibility.

2. status/respect - when people come into my house they always ask me how much rent I pay, when I tell them I don't rent they have genuine surprise they cannot contain (esp girls). Kinda reminds me of owning a nice car, it's financially a terrible decision but the attention/status/girls you can attract might be worth it for some people.

3. IF you purchase in a city you will ALWAYS have renters to take over if you want to leave/move out. ALSO, you will have infinite job opportunities incase you "lose your job" or fall into financial difficulty.

[Anonymous No.57531654]

>>57520145
You don't have a million dollars

[Anonymous No.57531709]

>>57530287
is that the same thot?

[Anonymous No.57531766]

>>57517780
we all die alone. it's best not to worry about it until you turn 30

[Anonymous No.57531849]

>>57530315
>otherwise your life meant nothing to nobody and you die a worthless scumbag piece of shit
Tell us about your great-great-great grandfather. That was only 6 generations ago, quite recent by any historical standard. I'm sure your family loves him and talks about him regularly, right?

[Anonymous No.57531882]

>>57517759
the jews want to normalize not owning homes and this is propganda to help normies cope that they are smart like a millionaire for renting

[Anonymous No.57532305]

>>57531849
I don't know what you guys are arguing about but all that matters is doing well for your children and grandchildren. Providing a stable household with a wife and plenty of attention and care. Leaving large assets after you pass and making sure they don't have to work at Taco Bell.

[Anonymous No.57532331]

>>57532305
yeah doing something for when i'll be already dead sounds very important and absolutely logical
you know what, let me just donate all my organs and die so someone that is not me can benefit from it

[Anonymous No.57532512]

>>57519754
circumscised bugman
you will never be able to comprehend time and consequences

[Anonymous No.57532539]

>>57517759
>Self Made
You mean a prostitute?

[Anonymous No.57532557]

>>57532331
>so someone that is not me
Your children and grandchildren are your genetic lineage you retard. They ARE you.

[Anonymous No.57532642]

>>57532557
they are not just like i'm not my father lmao
he can't feel a thing of what i do, what kind of brainwashed mentality is that
have you ever considered that you come from a line of people that believed exactly the shit you believe in and that's literally the only reason why you also believe them?
the only reason you think your children are important is because your ancestors also believe that, but it's total bullshit. It's not a coincidence, it's retarded. That's what the species made you think so it could survive. The logic of the species DOES NOT benefit the individual, you are no different from the salmon that kill itself in the effort to swim against the current (to have sex), or the male of the praying mantis that gets decapitaded (to have sex). The species doesn't give a single fuck about your happiness or well being, it's quite the opposite (in fact, if you were in a state of constant bliss, then you wouldn't reproduce and the species would die).
You are being played, the only solution is to exploit those mechanics to enjoy the things without the consequences that historically made them good to feel (see condoms, oral sex, drugs)

[Anonymous No.57532657]

>THIS JUST IN: Spoiled J.A.P. has opinion!

trash

[Anonymous No.57532806]

>>57528405
>The US globohomo house of cards allowed it (probably the main motivation for being there to begin with)
it's existence is because in the near-eastern to middle-eastern world, it's an ancient form of ethnic subjugation. It is typical of the invading force to employ young native boys in sexually provocative jobs, to utterly crush the hopes of the native populations. Without it, those boys grow up to be soldiers. But if they are sissy dancing boys, they become and remain pets of the ruling class. The native population is supposed to see not only their government dominated, but to see their boys employed as dick-sucking dancing tea waiters, they see themselves as truly beyond hope. Social cohesion breaks down in that ethnic group, allowing the invaders to erase their culture and history.

>pic randomly chosen and unrelated

[Anonymous No.57532864]

>>57532557
>grandchildren
already down to 1/4 genetic contribution by then

[Anonymous No.57532908]

>>57532864
kek
>>57532557
you know what, your direct children have 50% of your genetic code, so let's take it one step further. Let's say we clone you, Dolly-style, two times, so now we have 2 copies that you are saying are 100% you because they have exactly your genetic code.
Now, we lock you in a basement and torture you in horrible ways 24/7. In the meantime, your 2 clones fuck young pussy 24/7, eat excellent food etc, live the best possible life in general. You are still happy because 2/3 of "you" are happy, correct? Absolute fucking nigger retard

[Anonymous No.57532934]

>>57532908
>if I reduce family to an amateur Philosophy 101 thought experiment, you see it's actually MORE moral to torture others as long as you are happy! I am very smart

[Anonymous No.57532982]

>>57532934
>if I reduce family to
i'm not reducing shit, he did:
>Your children and grandchildren are your genetic lineage you retard. They ARE you
learn to read

[Anonymous No.57532992]

>>57532557
Family is everything

[Anonymous No.57533375]

>>57517759
nearly every boomer in canada who bought a house in their youth is a "self made millionaire" because of that one purchase

[Anonymous No.57533452]

>>57517759
>>57517808
>>57517996
>>57519115
Everyone gets red in the face when you mention the mere possibility that buying a house may not be the ultimate, best ever, wisest, and greatest of all time financial decision. You usually get these counterarguments
>you have to pay anyways, might as well own!
>it's an asset, it appreciates!
>you're throwing money away!
while there's merit to these responses, those making them don't factor in opportunity cost and perhaps renting something cheaper than you're willing to buy. Even if buying a house generated more wealth over 2-3 decades, it would be marginal at best, but that's really not the case. Now here comes the anecdotes about how so-and-so's house doubled since the pandemic, or appreciated higher than average in X area in recent history. Owning a house is a lifestyle decision, and it's a good choice. No need to grind your teeth at someone for suggesting that buying a house isn't the optimal financial decision. A different story if you're pure real estate investment and renting out your single family home, apartment, or willing to rent out your extra bedrooms.

[Anonymous No.57533532]

Nothing is more depressing than these tranny communist and leftist loser glorification of poverty and failure threads. Stop making these cope threads and please seek canadian health care.

[Anonymous No.57533571]

>>57517759
Buying a house is just playing your money safe. Why put down a 40k payment or more for a house when you could put those 40k to work on the stock market or in crypto? You can buy a house later on when you got a couple mil to spare. Warren Buffet joked about his worst investment being his first house. It just sucks all your liquidity and locks it down.

[Anonymous No.57533626]

>>57533452

Absolutely accurate with your response Anon. One knows it to be true if you've invested in ANY OTHER FUCKING asset long-term. What do I mean by that statement?

The difference vs other assets classes is that single family homes are typically the largest bags for NPCs. So, typically, you're never going to get an objective opinion from someone who holds their primary single family home as their primary investment.

Why is that the case? It's because they're essentially bagholders...they're upset that you're criticizing their largest investment with regards to the amount of liquidity they sunk into it or because of their emotional attachment to it (perceived status of ownership, sunk time into regularly maintaining the non-passive income generating """investment""", liquidity regularly sunk into it, etc.).

Sounds rather emotionally driven doesn't it, eh? And what's the rule of thumb with regards to a solid investment? Never get emotional over it. The fact that so many mortgagecucks get so emotional over their worthwhile "investment" should raise red flags in any reasonable person.

[Anonymous No.57533706]

>>57532642
>>57532864
>>57532908
Didn't read cope harder.

[Anonymous No.57533724]

>>57533706
yeah don't worry about that, since you are a nigger no one here believes you can read anyway

[Anonymous No.57533739]

>>57533571
assuming you can get a loan to leverage your stock investment to the same ratio, which 99% of people can't

[Anonymous No.57533795]

>>57533724
Niggers do not prioritize wife, children, employment, gathering assets and future planning.

You know what niggers do prioritize? Me, me, me. Short term impulsive decisions, no assets, spend all their money because they can't have it when they're dead and run out on their children and can't keep a family together.

[Anonymous No.57533833]

>>57533795
>Niggers do not prioritize wife, children
you're wrong, that's precisely what niggers like you do
just blind slaves to the species' desires, without any understanding of why they feel pleasure or pain in what they do

[Anonymous No.57533866]

>>57533626
>you're never going to get an objective opinion from someone who holds their primary single family home as their primary investment.
Indeed. This is why people get so defensive and emotional over home ownership

[Anonymous No.57533871]

>>57533833
>you're wrong, that's precisely what niggers
Lmao like 75% of blacks have no dad. And a low percentage are married. You're fucking retarded.

[Anonymous No.57533880]

>>57533833
>you're wrong, that's precisely what niggers like you do
have you ever, perhaps, met a nigger?

[Anonymous No.57533892]

>>57533871
>>57533880
they literally make tons of children, which is why they are so many and why the species love them so much

[Anonymous No.57533911]

>>57533871
>Lmao like 75% of blacks have no dad.
yeah they are created in labs, right?

[Anonymous No.57533913]

>>57517808
I see that Americans still can't fathom that in every other country of the world there's no taxes on your primary residence

[Anonymous No.57533993]

https://youtu.be/Od40MC_HyNU

This asian explains that buying is actually the better choice due to the leverage a mortgage offers. Lets say you have 100k.

You put 100k down for a 400k house vs putting the 100k in to the SNP 500 and renting.

If you got 3% return on the house per year you'd actually make more than the 9% return on the snp 500 because you're in at 4x leverage.

Of course you also have the opportunity cost of your money locked up in one assett

[Anonymous No.57533992]

>>57533913
It's not that we can't fathom it.

How about this: how about you FATHOM that the article that started this thread is about an American. The image in the OP: is from an AMERICAN website. So, therefore, we're going to have an American-centered discussion about AMERICAN REAL ESTATE.

[Anonymous No.57534186]

>>57533892
>>57533911
>doesn't understand what having a dad means and an intact family
Lmao you really are a nigger.

[Anonymous No.57534214]

>>57534186
niggers are dumb because they make a lot of children, but if they flee afterwards they are slighly less dumb because at least they don't sacrifice themselves for literally another person
having children is a mistake in the first place, don't get me wrong, but not wasting resources on them is a way to at least cut losses
now answer to >>57532642 and >>57532908 if you are able to read or get the fuck out

[Anonymous No.57534284]

>>57517759
Renting is 100% less expensive than owning a home outright. Homes should be a depreciating asset literally like cars but the housing market is too big to fail. Nothing about owning a home intrinsically maintains its value like gold or stocks.

>home repairs
>taxes for owning a home
>lawncare and maintenance
>Useless projects you wanna DIY but fail horribly because you're a frog poster not a handy man
>requiring transportation to go to your job
>the risk of imminent domain by companies or government

I pay 740 for my studio apartment with utilities included. You won't find a home to lease for 25 years for less than 1600. But niggers wanna scream "I'm building my equity". My father bought a home for around 150k in the line of 150k around the 2010 and 2012 timeline and it's current zillow listing is 245k.

In retrospect if you had 150k in the S&P500 with 10% returns on YoY average it would be worth about 406k today. Rent chads always come out ahead. DO NOT LEASE A HOME UNTIL YOU ARE 40 AND HAVE YOUR OWN CREDIT YOU BUILT THEN. HOMES ARE NOT INVESTMENT PROPERTIES THEY ARE MEANT TO BE ASSETS LIKE CARS.

[Anonymous No.57534320]

>>57534214
>abandoning your kids is smart
LMFAO. Peak nigger

[Anonymous No.57534323]

>>57534284
In retrospect if you had 150k in the S&P500 with 10% returns on YoY average it would be worth about 406k today
but homes give you leverage. If you put down 150k on a home you'd get 4x leverage and therefore have a home worth 600k at time of buying. With an annual return of 3% per year, which in real terms would be 12% per year due to the leverage. You are right about all of the hidden costs in terms of owning a home though.

[Anonymous No.57534338]

>>57534284
>Nothing about owning a home intrinsically maintains its value
Location, dumbass. Land is finite.

[Anonymous No.57534362]

>>57534320
not having kids is "smart", abandoning them after is just cutting losses
also, when i talk about "niggers" i include the females as well, which don't abandon them so they are dumb
but you are worst than a nigger, you are basically a gigantic KEK, letting another individual cucking you out of existance. A blind slave to the species, just let everyone fuck your wife since you like other people so much

[Anonymous No.57534382]

>>57534338
yeah most houses arent being built in american suburbia. Try again.

[Anonymous No.57534428]

>>57520418
>I should have become a doctor and then I could charge boomers 10x the amount
No, insurance sets the prices that you have to charge unless you are some boutique practice that doesn't take insurance. For that last option you need connections and need to be well established.

[Anonymous No.57534435]

>look up her website
>see this as an article image

Hilarious. And yes, with minimal searching, I did find that of course this white bitch who started a business at 9 and graduated college with zero debt and runs some scam business where she brokers SBA loans to retarded black women starting lotion companies is indeed a JEW with a rich jew daddy.

[Anonymous No.57534458]

>>57534214

Just say you're a solipsistic faggot and move on with your day, this thought experiment gotcha bullshit is pathetic.

[Anonymous No.57534515]

>>57534458
>thought experiment gotcha bullshit
what the actual fuck are you talking about? If you say your children "ARE YOU" because they have your genetic code you are deeply retarded, we don't need a "thought experiment" to prove it, just common sense.
Other people are NOT you, they are other people. This is a tautology. If you like to get cucked by other people go ahead, just know it and admit it

[Anonymous No.57534554]

>>57534382
Yes they are. Most of America lives in the suburbs.

[Anonymous No.57534567]

>>57534362
>nigger shrieking
lol

[Anonymous No.57534603]

>>57534567
said nigger could fuck your wife and you would love it, so your opinion doesn't matter much

[Anonymous No.57534619]

>>57534603
Keep your cuck fantasies in your head and quit being weird.

[Anonymous No.57534640]

>>57534619
i'm not the one that's romanticizing getting cucked lmao
now go to work all your life so someone else can enjoy the results

[Anonymous No.57534663]

I regret buying real estate. It's a trap

[Anonymous No.57534689]

>>57534640
>I won't enjoy the large house I buy to raise my children in etc.
Lol. Listen, I know you're an asshurt 19 year old who's upset he doesn't have a gf, but lighten up bro.

[Anonymous No.57534715]

>>57534689
you will enjoy it, just like the male of praying mantis enjoys getting his head cut off
because you are a slave and you don't know any better

[Anonymous No.57534737]

>>57534715
>everything is soooo heckin' bad, I know this as a 19 year old with no dad!!
So much angst. Sucks your dad didn't raise you lmao.

[Anonymous No.57534880]

>>57534737
not everything, we did as humanity make some wonderful things in that direction. The condom (just like oral or anal sex) is probably the best example of our evolution, separating the pleasure of sex from the reason the species made sex so enjoyable, which is reproduction (the only thing the species cares about). Of course, the species had to craft some other bullshit as well, like the paternal and maternal instincts, otherwise we would just made children and then abandon them (or eat them probably).
An alien species with no such things, that watched us creating another individual and happily giving them resources, would just think we are insane. It's a completely irrational move if you look at it without the glasses that the species carefully put on us. The species never wants you to be happy or satisfied, because if you are already happy then you stop reproducing, which is the objectively the dumbest shit in the world. Fortunately, we evolved so much that we are able to see this and artificially manipulate it, with things like condoms and drugs (that exploit the receptors that are there for other reasons). But clearly your animal instinct is also making you refuting everything i'm saying, which the rational part in you should understand to be true, for the exact same reasons it makes you think children are a good thing lol

Everyone that realized this (the smart ones) in the past simply didn't reproduce, so their genes (intelligence) didn't arrive to you. You are just the result of generations of all the people dumb enough to have children, and you will give birth to children that just like you will think that having children is a good thing, and so on. Just like the salmon that swims against the current and dies to have sex, you don't have a choice, your DNA is controlling you like a doll and desperately making you refute all of this - the same happened to your parents, their parents etc, otherwise obviously you wouldn't be here.

[Anonymous No.57535072]

>>57534880
TL;DR

[Anonymous No.57535102]

>>57535072
yep little slave, that's precisely how it works
thank you for proving my point (again)

[Anonymous No.57535294]

>>57534554
So you understand the flaw in your land argument. Most people aren't owning homes because of the land value. I would rather buy vacant lots for parking than owning a house.

[Anonymous No.57535311]

>>57535102
Lol. Cope and seethe.

[Anonymous No.57535333]

>>57535294
Raw land is less expensive than land with a nice house on it. And people generally want a place to live, or to rent out.

I don't care what you personally would rather do.

[Anonymous No.57535418]

>>57517759

Mortgages work when:

1. You are buying at a good price and not burning 800k USD for a house that's actually worth 300k USD at most.

2. You borrow at a good fixed rate so you don't get raped by market fluctuations.

Right now none of the two points are satisfied so you are guaranteed to overpay across the board.

Also being an ''owner'' doesn't mean jack fucking shit when the government can seize all your shit the minute you piss them off or don't pay your landlord rent to the government (property taxes).

Then you have to deal with maintenance costs and additional taxes if you ever want to rent out the place.

[Anonymous No.57535430]

>>57535311
yeah seething so hard right now, just promise you'll think about this thread specifically when your little not-you will vomit, piss and shit on your face and/or you'll catch your wife (whose pussy is irremediably deformed from giving birth) with a random nigger
have a nice life anon ;)

[Anonymous No.57535492]

>>57535430
Holy seethe.

[Anonymous No.57535607]

>>57535333
You just don't want to admit that purchasing a 2024 house is the worst mistake you can do rather than buying land and building a solid one with 1600 sqft for 130k.

Most people are not buying land to build a house, they're buying a house that looks modern and had 10 middlemen bequeath a sheetrock box.

[Anonymous No.57535661]

>>57520457
this take is fucking retarded. buy a cheap toyota or honda cash and learn to do repairs yourself or factor it in the budget. those things will drive forever with the most modest maintenance.

leasing or even financing a CAR is fucking braindead. but of course everyone wants some giant over complex fortress bullshit with an ipad and 20 proximity sensors to compensate for their text and driving retard activities and impress people with disney+ subscriptions

[Anonymous No.57535803]

>>57534284
yeah but thats not including 12-14 years of monthly rent vs. 12-14 years of interest. of course amortization in the first decade is all fucked up but after that rent chad still gotta keep renting

[Anonymous No.57535902]

>>57535607
>2024 house is the worst mistake you can make
It's not.
>buying land and building a solid one with 1600 sqft for 130k
Sure sounds great tbqhwy, having a custom house would be cool. Though often it's difficult to get financing for land and building a house. Which is why most people don't do it. And that land in a reasonably desirable area is not cheap.

[Anonymous No.57537587]

>>57517759
>spewing shit idea clickbait for ad revenue - AKA self made marketing millionaire

im early 30s, make average money 50-70k. i bought a house in 2012 and another in 2016. can people who aren't millionaires even be trusted? literally if you're over early 20s and you're not worth 7 figures you haven't been trying at all.

[Anonymous No.57537629]

>>57531849
he didn't become successful enough to put the family on a different path, so no hes not talk about alot but if he left assets behind he would be talk about and remembered still

[Anonymous No.57537786]

>>57537629
yeah, exactly like any other great man that did great things even without having kids. Having kids is not an accomplishment of any kind. If you are successful enough you'll be remembered even without kids, if you are not, you won't be rememberer even with kids. Complete waste of resources; if anything, with all the time and effort they take they greatly increase the odds that you won't do anything relevant

[Anonymous No.57537983]

>>57535902
The resale value isn’t going to appreciate like a traditional stick house because so many industries rely on the market to keep going up. Being the first owner of an item like a car or house is important because the maintenance in the beginning is less than a used one that is expected to start heading into it’s EoL where you see 15k water boilers replaced.

That being said if it’s quality made and in a nice location. It’s something you can pass down. Houses aren’t meant to be an investment. Instead when you buy a house from a realtor it turns into this bullshit where you’re crammed in like sardines.

https://youtu.be/uUGsQXmxvWo?si=02Wx5jNOGwdjMFyo

[Anonymous No.57538048]

>>57537983
>The resale value isn’t going to appreciate like a traditional
I'd expect it'd appreciate the same as other similar houses in the area. You can also just buy a new build, they're being built all the time, if you're concerned about maintenance that's been put off. Regardless, if your goal is to build your own house to the specs you prefer, more power to you. It's a great goal.

[Anonymous No.57538684]

>>57517759
It would take a little over 13 years to buy a median priced house in my city if I paid the same amount as my slightly above average monthly rent(combing all home expenses).
Obviously my rent wont stay the same for 13 years but I'd also have to accrue interest for those 13 years and deal with any issues that arrise with the home instead of my management handling it. Not to mention if I ever switch jobs or start working remotely and can move somewhere else.
So while I definitely wouldn't say it's stupid to buy a house, I just don't really see a reason to do it.

[Anonymous No.57539349]

>>57517830
fuck off we are full

[Anonymous No.57539406]

>>57533866
this picture is so fucking dumb. the "article" is literally an unedited press release from a law firm that had to have been sent out to countless media outlets, yet there's ONE screenshot of it being on CNBC and somehow that's related to a CNBC exec getting murdered. fucking retarded

[Anonymous No.57539485]

>>57533993
This video kind of sucks. The problem with using average returns in the manner that she does is that it glosses over the huge difference that can manifest in your returns on real estate based on when you buy. It's retarded because real estate is literally the easiest shit to time since the peak to troth of every bubble takes 3-7 years. Objectively it's a terrible time to buy a house in all overvalued (house cost relative to median income) areas.

[Anonymous No.57539511]

>>57517780
Your kid will sell it or die in an accident or never have kids of his own.
>WORK SO YOUR KIDS HAVE THE FUN WHILE YOU DIE LIKE A WORK SLAVE
Kys