ETFs are better than buying a house

[Anonymous No.57900677]

imagine you put 100k into TQQQ a year ago instead of getting a 300k house. You would have $173k now. Subtracting the difference u lost by renting you're still up like 65k in one year. Now multiply 65k by 30 years you will have $2m by the time you'd have paid off that mortgage. So what's even the point of owning a house?

[Anonymous No.57900691]

>>57900677
>nooo but TQQQ might crash
It's literally up 30x since 10 years ago

[Anonymous No.57900821]

>>57900677
Tqqq is only 3x leveraged. Most house loans are 5x up to 20x leveraged. Houses are also protected by shitholes like Ca to never go down in value.

[Anonymous No.57900899]

>>57900821
yeah and u get taxed every year so after 30 years that's 1% compounded that's 35% of your house investment gone not including mortgage %

[Anonymous No.57900924]

>>57900899
Same as ETFs. Gotta sell sometime.

[Anonymous No.57900967]

BTC has done a 3x since 1 year ago.

If you put $100k into BTC a year ago you could buy the house outright for cash today instead of mortgage cucking or the next 30 years.

[Anonymous No.57901002]

>>57900924
or u can just sell enough for rent then the rest keeps going up

[Anonymous No.57901326]

>>57900677
The point of buying is not dealing with all the landlord rules

[Anonymous No.57901372]

>>57900677
>bying in asset performs better than taking up a loan
More at 10, stay tuned

[Anonymous No.57901555]

>>57901372
the point being a leveraged etf seems better than a leveraged house

[Anonymous No.57901630]

So are you just pretending to be a dumbfuck redditor, or are you showing us your true colors?

[Anonymous No.57901665]

>>57900677
Renters have the real risk the landlord doesn't renew and pushes them out. Have watched it happen multiple times and it never gets brought up that you have a friction to renting you don't have with home ownership.

[Anonymous No.57901899]

>>57900677
You don't dump cash into a house, cash goes to BTC

You buy with a mortgage, 3% down, live in it until you have 20% equity, refinance when rates drop, then rent it out

Tax deductions stack, and you can deduct just about everything (mortgage interest, depreciation, property tax, maintenance/repairs.

Been buying since 2013 using this strategy. Have (4) properties now. About 100k in annual rental income. All properties cash flow.

[Anonymous No.57902091]

>>57900677
nah, i'll just go full retard, put my finger in my ass, put 3 letters random together and search a coin that is called like that, that's how i found SPX lol

[Anonymous No.57902098]

>>57902091
Whats the source of that image?, i swear to god ive seen it before in the news or some shit

[Anonymous No.57902104]

>>57901899
based

[Anonymous No.57902108]

Can't live in an ETF

[Anonymous No.57902115]

>>57902098
28 days later iirc

[Anonymous No.57902155]

All these posts and no one mentions the decay with a 3x leveraged ETF....one bad month can and will wipe out years of gains. Of course if the market goes straight up with low volatility a bullish 3x levered ETF will crush it. Now do a simple backtest with a September 2008 market. Retard

[Anonymous No.57902670]

>>57902155
Another thing no one mentions about leveraged ETFs is that they reserve the right to close the fund at any time. So if you believe you can just hold through a crash they might just fucking close it on you at the bottom since it isn't making enough money for them anymore.

[Anonymous No.57904161]

>>57902091
Catman of Greenock

[Anonymous No.57904169]

>>57902098
>>57902670

[Anonymous No.57904189]

>>57902155
why would you buy a leveraged etf in the first place

[Anonymous No.57904215]

>>57902155
>>57904189
small question is it expensive to sell them or is possible to have like half in s&p500 half in leveraged ETF and as it grows you keep moving it to s&p 500 to keep them roughtly 50/50?