Buying a home is a midwit trap

[Anonymous No.57706176]

Homecopers need not apply.

[Anonymous No.57706185]

You should only buy a home when you're rich or old.

[Anonymous No.57706201]

>>57706176
How about everyone's situation is different and they're in different stages of their lives. Renting and buying can be a bad move given the circumstances.

Who am I kidding trying to a midwit though.

[Anonymous No.57706210]

>>57706176
Kek you want to rent this home I just bought? I can go buy another one then

[Anonymous No.57706229]

>>57706176
It's based if your market pumps and you were able to get a low interest loan, basically getting a bit of the cantillion effect. I know that for some people their home's annual price appreciation was higher than their annual income. Chink investors left their apartments empty instead because they knew the rental income would be lower than the depreciation that having them tenanted would cause.
For most it is a wagecuck trap though. But then again most can't afford to live in the city in the first place.

[Anonymous No.57706244]

don't we have enough rent cope threads every day? why another one
>1pbtid

[Anonymous No.57706266]

i don't understand why so many people even try and argue. do whatever you want. Someone will pay my mortgages and it isn't going to be me.

[Anonymous No.57706313]

>>57706266
homoid cope is so pathetic

[Anonymous No.57706344]

>>57706176
>Buy home in 2018
>It's worth 2.5x now
If only i had just given my money away to rent and got nothing in return. Yeah, I'm really coping now lmao

[Anonymous No.57706361]

>>57706176
i bought in 2016, get fucked

[Anonymous No.57706391]

>>57706176
I like the idea behind owning a home for one reason, and that is when I have it paid off I owe nothing in rent, except property taxes that ever increase to feed ungrateful niggers, and if I don't pay the government will come and seize my fully paid off house, send me to prison with jamal, the ungrateful nigger my taxes went to, and sell the house underneath me to some jew at auction and I have no recourse.

Jack Reacher lifestyle is looking more appealing every day.

Klaus: "You vill own nofhing und you vill be happy."
Me: "Okay I'll do it with no debt or subscriptions to make you money.
Klaus: "goo-- VAIT VHAT!?"

[Anonymous No.57706405]

>>57706313
Yeah, we post the same picture in the already existing home cope threads, then make another thread with the exact same picture to cope some more.

[Anonymous No.57706414]

>>57706176
who ever made that picture fucking sucks. it's supposed to look something like this morons.

[Anonymous No.57706419]

>>57706176
homeownership can be very cult-like. If you challenge the idea that buying a home is the best financial decision you can make, they will get irrationally angry. Owning a home is a lifestyle decision, and you pay a premium for it.
>>57706210
we're talking about buying a home, not investing in real estate.

[Anonymous No.57706628]

>>57706419
nah I think it depends, my bro got lucky buying eth early, he later sold it all no longer in business, but he got a nice house and founded a few small food kiosks, he doesnt pay rent and wher ehe lives doesnt pay taxes for his living, now he is going into crypto again, he's using rango to find nice bridges to exchange, he got a lot of alts. I dont if he knows what hes doing but he seems happy.

[Anonymous No.57706642]

>>57706628
the nigger faggot of you bro, selling eth instead of hodl, frigging noob.

[Anonymous No.57706652]

>>57706642
homeless niggers everywhere.

[Anonymous No.57706830]

>>57706176
You ever rented a place for a few more years or more and left? You walk away with nothing save for a deposit that the landlord isn't obligated to give you anyways. Equity is valuable.

[Anonymous No.57706873]

>>57706830
Every time I do this I can't wait to leave after realizing how shittily it's built and how annoying the neighbors are.

[Anonymous No.57707040]

>>57706176
Where do you invest?

[Anonymous No.57707051]

Damn right I will rent I’ll buy a house then rent it out simple as

[Anonymous No.57707061]

>>57706201
How dare you be reasonable?! This is /biz/ we don’t do that here!

[Anonymous No.57707097]

I just sold my house for a 6x in 8 years. Closing is the 29th. Rentoids just can't compete with me.

[Anonymous No.57707195]

renting is for cucks. why dont you spend year settling down just for the person who owns the place to kick your ass out, now you hve to start all over again. how about you lived there for 20 fucking years, your landlord dies, leaves the properties to his kids and then they decide its too much work and sell it all. you are now homeless.

renting is only ok if you dont have plans to settle down.

[Anonymous No.57707209]

>>57706830
but you can actually leave
a house is literal slavery to the bank
you cant move, you cant downsize

[Anonymous No.57707226]

>>57707209
Anon....you sell the house and make money because you have equity.

[Anonymous No.57707237]

JEREMY CORBELL UFOz

[Anonymous No.57707238]

>>57706873
And you paid the mortgage to the owner who doesn't want to live there either. And they bought it duet fucking cheap, are going to take the profits from your rent and renovate it and sell for a nice profit.

[Anonymous No.57707244]

Seethe more zoomer. I bought my home in 2016 :^)

[Anonymous No.57707252]

>>57707226
no, you cant just get out of a loan to the bank like that, thats not how it works

[Anonymous No.57707266]

>>57706176
just bought a 330k 5/2.5 at 6.5% with a nice yard...am I fucked?

[Anonymous No.57707277]

>>57707051
thank you. we will mutually benefit each other - i will rent your house instead of buying my own so that i can accumulate more wealth, and you will receive money each month that will pay most of your expenses.

[Anonymous No.57707296]

>>57707252
Yes you can you absolute retard. You sell the house and the money from the sale pays the mortgage. Whatever is left over is yours. Why are people here so stupid?

[Anonymous No.57707308]

>>57706391
Yeah this is why I'm not sure I want to buy a house. In most countries you don't need to pay taxes if you spend fewer than 183 days there. You can move around between countries and legally not pay taxes. If you want to be connected to a community, you can just split your time between two countries, spending 182 days or less in each (and spend a few days on vacation in some other country). You can just rent somewhere, no need to pay property tax or be in the "system" in any way. Additionally, not being tied down via property, you can easily bounce if shit hits the fan (as in COVID).

Doesn't work if you're American though as you'll still need to pay taxes (legally speaking, that is).

[Anonymous No.57707324]

>>57707296
retarder motherfcuker
the bank makes money on the loan every month
you cant just get out of it one year later and say to them "bad luck"

[Anonymous No.57707366]

>>57706344
hahaha, all that happened is that u have to pay more in taxes now, you will never capitalize on those gains

[Anonymous No.57707370]

>>57707296
>Why are people here so stupid?
Because everyone here is a cryptobro moron or a turdworlder.

[Anonymous No.57707380]

>>57707324
In one year you could but you pay a penalty fee. In 2 years it is penalty free and you definitely can. You are probably one of the dumbest people on this board. What would stop you from selling it? That makes no sense at all.

[Anonymous No.57707395]

>>57706176
buying a home only makes sense if its cheaper to own the home vs rent, the amt of money its worth in the end should not matter cuz the money you save from renting is gonna make you way more money in the longterm, so unless you can buy a cheap place its not worth it and only women care about it

[Anonymous No.57707605]

>>57706176
I want a home so I know it it's mine to mostly do whatever the fuck I want with. Rentoids can't even paint the walls or hang a family picture on the wall despite paying upwards of $4k. If you're in an apartment or condo, you have to take all of your belongings, furniture, groceries, and kids (if you have them) possibly up several flights of stairs. Then you're next to noisy people who fight, blast music, or stomping from kids chasing each other in the rooms above you. The only appeal they had was being relatively cheap for someone just starting out in life or wanting to experience a big city. With the rising cost of going out, streets being filled with Somali tier niggers and heroin addicts, it doesn't make sense in most cases. I will aspire to a large, quiet place I can work from, give my kids a homeschooling classroom, a playroom, and a nice yard to homestead from.

[Anonymous No.57708342]

>>57707366
Akshually! —I get an exemption that means I pay based on the value of the home when I purchased it.

[Anonymous No.57708367]

>>57706176
>has to ask permission to change his house
lol
lmao even

[Anonymous No.57708378]

>>57706176
rent is due

[Anonymous No.57708384]

>>57707366
rentoid detected: 250k for single 500k for joint, section 121.

pay up. no sex after 10pm in the unit or you will be charged a fee.

[Anonymous No.57708611]

>>57706176
As someone with a wife and kids, I can't imagine renting and being at the mercy of my landlord.

[Anonymous No.57708792]

>>57706176
my hs friend went from 1 mortgage to 8 figures just borrowing money so he could make money from rentoids since 2009

[Anonymous No.57708841]

>>57706176
>hurr durr house bad
Not giving you money landlord jew

[El Arcón No.57708847]

Are the going to poison my water if I keep it in the room?gff

[El Arcón No.57708851]

If I'm still stuck here, can I eat in this room without getting poisoned?

[Anonymous No.57708912]

>>57706176
It do be like that. In my cunt buying a house is heavily subsidized by the taxpayer, while buying stonks or bonds gets you gigataxxed, though.

[Anonymous No.57708920]

>>57706201
>le everyone is different!
you are not smart

[Anonymous No.57708924]

>>57706344
>It's worth 2.5x now
It's worth what the next sucker is willing to pay for an old house that has 4channer smell in it. The truth is you can barely cash out and have your buy price of 2018 locked up in an unproductive "asset" and can never cash out, because it also happens to be your place of residence.
IF one is stupid enough to buy a house, you should at least rent it out and live somewhere cheap.

[Anonymous No.57709001]

Wish I'd never bought a place. Huge mistake.

[Anonymous No.57709009]

>>57706176
I look at places near me that are absolute shitshacks and the mortgage is like $2500 a month when I can rent a really nice place for $1600-1800

[Anonymous No.57709019]

>>57706344
how do I get a belarusian girlfriend

[Anonymous No.57709020]

OP I hope the white trash you rent to has murder suicide in that shitbox they live in

[Anonymous No.57709030]

>>57707366
>Taxes go from 2000 to 3500 per year

Meanwhile your rent literally trippled in that time lmao

[Anonymous No.57709272]

>>57706830
No. I walked away with fucking 200 ethereum. Retard.

[Anonymous No.57709278]

>>57706176
Correct, 109% dont forget rent is due, make your check a little more legible this time.

[Anonymous No.57709581]

>>57706344
you are stuck in the same place paying of your mortgage while the rentoor has bitcoins and just rents wherever he wants in the world. I haven't worked for 3 years and I rent all over the world. soon i'm leaving my home country again. my bitcoins go up more than houses so its financially the best to keep them. enjoy paying of the 30 year mortgage and wagecucking fren. Mort means death in french.

[Anonymous No.57709595]

>>57707097
bitcoin went up from 200 dollars to 50 000 dollars in those 8 years (from 2016 to 2024). that's a 25x.

[Anonymous No.57710729]

>>57708920
you are no better