/biz/ - Business & Finance

so you started denominating your net worth in pesos and you bought a couple hookers?

>make $130k/year in Bay Area or some retarded, congested shithole filled with homeless and criminals
>single filer, take home pay $89k not counting any municipal income taxes (1.5% in San Francisco for example)
>$36k rent
>$53k left over

>make $70k/year in the rest of America
>single filer, take home pay $53k
>$10k rent
>$43k left over

I dunno retard, is $10k really worth upending your entire life and learning an entirely new skillset to stare at code all day

>>20666370
>nothing makes any sense anymore
>anymore
>the dipshit market timer still thinks the market can be timed, it's just now that's ~weird~

>>18683435
>>18683188
so now assets that return slightly above inflation are unacceptable to you?
is that because you are the loser in this equation or just a loser in general?

>>18683347
I'll take that to mean in general

>>13320621
you realize anything past your primary residence is taxable by the exact same capital gains, right?
do you think rental income isn't taxable or something?
you're only exempted from capital gains on your primary residence to a limit of $250k for single filers, and if you think they're going to go after LTCG you're delusional to think they won't go after the house sale exemption

Ok you terminal brainlet, I didn't respond to you in any of your other threads but you keep posting this shit.

***Buying your primary residence is a lifestyle choice that shouldn't be decided upon based on financial benefit, because in all likelihood it will be a wash, IF YOU INVEST. At the end of the day, no matter what you do will likely cost you money, because it costs money to live, and your mental gymnastics will not save you from this fact.***

When people decide on where they want to live, they don't compare the prospect of buying a property to renting that very same property. As a single 26 year old, I can only reasonably compare renting an apartment, purchasing a condo/townhome, or purchasing a single detached family home.
If I were to choose between an apartment that costs $700 per month and a $200k house with 20% down and $1100 PITI, the house does not win. Not because the PITI is higher, but because the $400 saved every month, plus the 20% downpayment is invested in securities that will OUTPERFORM THE APPRECIATION IN THE PRICE OF THE HOUSE.
Your primary residence should not be considered an investment. It is merely a place to live your life. If your house makes up the majority of your net worth, you are a mediocre schmuck that will share the same fate as most Americans; a lifetime of suburban mediocrity.

oh boy
there will be no stop to the endless hordes of unattractive used up women lining up for my delicious betabux
I'm sooo excited

>>10390386
So between the bank and the property management company, the only thing you added to the equation was a $60,000 downpayment?

So after taxes it would take you like seven years to make back the downpayment? In which time that $60,000 would have historically doubled in the stock market?

at $500/month staying at home is no longer worth it over the price of renting a small apartment or getting a cheap mortgage

if my parents tried to pull this shit they'd never hear from me again
good luck getting me to help you in your advanced age

Are you still a wagecuck if you have a career you enjoy and find interesting?

Where are all the people that save and invest because they despise materialism but are just fascinated by finance and get paid much more than they need?

>vanguard target 2060
>expense ratio .17%
>over three times that of VTSAX
A SHAGGY
DAGGY
DOO TO YOOU~