/biz/ - Business & Finance

yeah but how much can i rent that chick's butthole for

tfw paid off condo master race

>>13098538
In my city it has become impossible to buy anything for 130K. The average house costs 250/300K here.

I'll never be able to buy a house and even renting a decent place is out of the option due to insane waiting lines for social housing 10/15 years on average.

meanwhile, i'm stuck in this absolute ghetto of a neighbourhood with trash littering the streets, obnoxious and loud neighbours and where nobody ever feels really at home.

Fuck this life, and fuck this clown world too.

>>13098566
condo race really is the Master Race

what about Europe? even condos here in Belgium go for at least 400k€.

>>13098566
enjoy your property taxes on a cube of air in the sky lmao

>>13098579
good news anon, the mortgage on a $250,000 house is only $1,200 a month after escrow and all other fees. you just need to save up $12,500 to put 5% down which could be done in a year if you're making more than $40,000 a year. you'll absolutely be approved for a loan of that amount as long as you dont have a large car payment or any other debt

if youre not making that much and dont plan on going to school to make that much you should really leave that city as you're doomed

>>13098613
>he doesn't realize property tax on a 130k condo is literally $30 a month in most states

>>13098538
She looks underage. Reported.

>>13098566
>>13098579
>>13098580
>>13098613

Paid off townhouse with Bitcoin which I bought in 2016 is now worth $175K. Hardly any in the market under $195K these days. Taxes are $1200 per year.

Maxed out 401K, Roth IRA in the beginning of the year and putting 50% of all money coming in to S&P 500 and the other 50% into crypto.

Master Race indeed

>>13098654
>any other debt
Student loans count?

>>13098663

you take the mom on the right faggot

>>13098557
Kek

>>13098685
>401k
>is a wagie
>master race
I kekd desu

>>13098692
sí

>>13098538
That chick is young. I wanna make it so I can bag one like her and piss my fatass ex wife off.

>>13098557
It's free if your a black guy i'm sure.

>>13098579
I am sure even in your city you can find a $130,000 home. The problem is you don't think yourself a nigger, so are doubly afraid to move in close to them.

>>13098538
stop selling biz homes they are not stupid. this is the peak its 2007 and you are shilling homes fuck off fggt

What about interest rates?

You're most likely going to be renting a much lower tier place than if you were buying.

I'm renting for 950/month however, if I was buying, I'd shell out roughly 500k.

I feel like my renting cost is roughly equivalent to the interest rates over the medium term. I can just put all of my leftover money into VTSAX and not worry about things like repairs.

>>13098538

>>13098717
Cool so this applies to basically no one, 10/10 thread.

>>13098700

>>13098710

Be me. WFH. Check in to the office max 5 days per year. Max 401K and Roth. Paid off townhouse. Pouring rest into s&p 500 and crypto. Young GF waitress pays all utilities and food. Get prime young pussy every day.

Be you. NEET. Stay at home. Beg mom for money for vidya. Incel, masturbate to blacked. Laugh at me. Say you're comfy.

>>13098739
pay off your loan, nigger.

>>13098557

The point is it is cheaper to buy the butthole

>>13098798
what about depreciation?

>>13098733
This.

I might buy a Boomer castle for half off in 5 years though.

>>13098847
It's a writeoff

>>13098538
>buy a home

>>13098732
I'm from the Netherlands. 130K buys you a 10m2 garage box.

If you think US housing prices are bad... go take a look at holland.

>>13098538
Damn it I need a girlfriend.

Fucking nigger captchas. Literal cancer. Especially the ones that fade.

>>13098538
>>13098700
I want to eat her asshole. Like I'd literally lick the shit off their assholes (okay, not really but I'd still stick want to stick my tongue in there a bit)

>>13098733
Housing prices crash everywhere you idiot. If you live in a city with more than 300k people you are doing it wrong. Even if the prices do crash thr banks wont be giving out loans again anyway.

*didnt*

>>13098538
>t. Real estate agent who sees sales drying up and prices falling i.e. less commission

Nice try

>>13098538
>I trapped myself in a shitty house with a 30 year morgage and now I want other people to do the same so i feel better about my situation.

No thanks desu. My job requires I travel alot. Putting 80% of my income into retirement so I can retire when im 35.

>>13098538
Ok but what if you don't think you'll be living in one spot for 10 years.

This thread is giving me an existential crisis. I am in the process of getting a Condo with a mortgage that would be about the same as renting(average). Seeing this shilled is bringing back bad memories of the end of 2017.

>>13099001
sign on the dotted line anon, what could go wrong?

>>13098972
t. trucker
by retire do you mean offing yourself?

>>13098849
boomer will get the last laugh
osb mc mansion will disintegrate and rot away 5 years after you buy it
build your own quality house instead

>>13098685

> ayy

>>13099010
I can afford half of it. Since I am white my parents can bail me out.

Only thing holding me back is I don't have enough saved up for the 20% down payment

Do I need that 20%? Or is it just a meme?

>>13099134
FHA is 3.5%. Where I live they have a 4.5% and 5% unconventional. It is a meme

>>13099023
T. Pharmaceutical sales rep
By retire I mean keeping my annual withdraw <4%

>>13099180
how do you live with yourself?

>>13099180
Leave please, this is a safe space for autists only.

$193,000k 30 year loan at 4.49% [3.5% down]
$6k closing costs
FHA route:
$3500 MIP fee (1.75% up front MIP)
$133 a month in MIP (PMI) costs (11 years)
$150 a month in property tax (median 0.9%)
total interest paid over 30 years, $223,000

total 30 year cost:

200k house
223k interest
6k closing
21k MIP
54k property tax

$504k, -200k ownership = $304k costs
add $30k if you wanted home insurance

vs $1000 a month renting
$360k

Over 30 years renter is only paying $60k (20% more). Seems there's almost no reason to get locked up in a loan unless you really just want to own your own place to customize. and the renter can buy a house at any point in the 30 years with basically no penalty, if they're saving up for it.
Also up front fees are $9783 minimum for the buyer, so if you used $8783 of that and instead got a 5% return in the stock market that's another net $30k gained.

So if you have home insurance and the renter used the stock market, you'd have identical costs over 30 years. real stock returns average 10%, so I'm even underestimating for the renter.

>>13099278

>30 year of no property price appreciation
>30 year of no rent increase

Your calculation is off by at least a factor of 2.

This poast was made by a boomer faggot trying to offload his shit “muh real estate investment” before the next crash happens.

>>13098936
Thats wrong. If you still have your job and good credit you'll be able to get a loan. Lending standards will tighten but someone making 60K+ in a stable job and 760+ credit will easkly get a loan. The government gaurantees it.

But yeah non conforming loan volume will plunge.

>>13098538
> remember: always inverse BIZ
Thanks, Anon. Putting my house for sale tomorrow. The amount of pajeets on here shilling: “why are millennials not buying houses” confirms that we are at the peak of the bubble. I will buy back in, in a few years, and get 2x the house. Thanks again, Anon for confirming that we are at the top and the bubble is about to pop.

>>13099278
Now imagine that your kids will have a better start in life if you already provide them with a place to live.
You would be glad if your parents would have done that.
One person in your bloodline has to start. That start will give your future children/grandchildren an advantage in life.

I'm in the market right now and you guys are not including a fuck load of known and unknown expenses.

For one, closing costs are 3-5% of the purchase price and usually not included in the mortgage. You'll pay PMI which is absolutely throwing money away if you don't have 20% to put down.

My area a single-family home 1300 sqft is 300k+. Condos are available and closer to 200k but the association fees are usually $300/mo+ which pays for a pool or maintenance on the building (ie - more money you're throwing away).

I pay $1600 a month to rent right now and my mortgage will be around $1750/mo on a 300k house including taxes and pmi. Plus, utilities and maintenance that I will be responsible for since it is my own property

>>13099334
>>13099297
the point is not that you should never buy a house. The point is there's no reason to buy early in the game. You can save for 5-10 years early in your career, then buy when you're ready. And you're going to get the same rate because you're paying less interest.

unless you really think home prices are going to surge in the next 5 years or so.

>>13099329
this sounds like it was written by a 15 year old

Situation in Belgium

> want to buy medium sized house for €350k
> 20% downpayment is needed to cover 10% costs and 10% own input which is around €70-80k
> still have to pay €1250 each month for 25 years
> studies show that a house costs an additional 3000 euro a year on average in taxes/repairs
> have to handle everything yourself
> can't move since selling house and buying a new one would cost you around 15% extra since you lose the cost of old house and need to pay new cost for new one
> 'ye but houses keep raising in price LOL free money' forgot about costs and inflation
> when you wanna break up with your wife she will use the house to financially ruin you
> no money left each money to invest, less quality time with family or friends because you need to pay mortage


rent
> pay €850 each month for same house
> get to keep your savings so you can enjoy life in your most healthy years
> no costs or taxes
> landlord has to solve problems
> when you wanna move you gtfo and rent somewhere else
> when you break up you gtfo and rent somewhere else without losing money (apart from maybe some decoration/furniture)
> the surplus in money you keep every month you put in an index fund if you don't wanna actively invest


If you have a shitload of money buying might be a better option, if not I would say that renting is the optimal financial/comfort choice there is at the moment. Also, houses are 7% overpriced in Belgium at the moment, if you wanna buy atleast wait till the next house bubble pop and save in the meantime/or/and invest.

>>13099278
Nice

guys we are about to slide into a huge recession. didn't you see the market indicators yesterday? Just wait and buy them during the summer sale when they're 50% off

>>13099180
> pharma sales rep
fuck outta here you turbonormie

>>13099297
property taxes will increase more than rent houseless zoomers and browns will vote that in ;)

I agree with the rent part. I refuse to pay rent. I plan on living with my parents for at least a few more years. I have $60,000 saved right now. I'm trying to open a money market account.

>>13099561
How much you think your rent is going to be in 10 to 20 years...

>>13098780
>thinking I’m a neet
>tfw I live off passive mobile app $$$
Feels good man. Someday you’ll save enough to be able to retire and enjoy a somewhat similar experience before the dementia kicks in. Kek.

>>13098566
>condo
Fuck that. Same thing as renting. Still have to pay fees to the condo board and you’re not allowed to do any remodeling.
I lived in a condo for about a year and got a fine from the condo board for $200 (haven’t paid it, will never pay it) for parking in my own driveway.

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.

Escorting would be pretty simple if it was legal like it should be

>>13099693
>OUTPERFORM THE APPRECIATION IN THE PRICE OF THE HOUSE
>*in this hypothetical scenario because it suits my argument

>>13098566
Condos are a bigger scam

>>13099753
>hypothetical scenarios are unacceptable even though realtor OP is spewing blanket statements on this board multiple times per day

you're right though, the price of rent doesn't necessarily track the price of inflation or even the real return of houses even in the same town
even if your throw those assumptions out, my central point stands; you shouldn't treat your primary residence as an investment unless you're prepared to be a live-in landlord

>>13099278

>$504k, -200k ownership = $304k costs

> add $30k if you wanted home insurance

> vs $1000 a month renting

> $360k

>Over 30 years renter is only paying $60k (20% more).

You think your $1,000 rent is still going to be $1,000 for 30 years moron?

Rent priced at $1,000 in 2000 $1,736.21 in 2018

> According to the U.S. Bureau of Labor Statistics, prices for rent of primary residence were 73.62% higher in 2018 versus 2000 (a $736.21 difference in value).

http://www.in2013dollars.com/Rent-of-primary-residence/price-inflation

Your rent is going to cost more and more and more. Meanwhile, those who bought in a decent area will have they homes appreciate in value. Instead of having a mortgage that doesn't increase over decades or a house that is paid off allowing you to invest money, you'll have continuously have to pay more for a place to live. Worse, while a brainlet that was at least smart enough to buy a small place has it paid off in retirement, you'll constantly be worried about increasing rent when you're an old fag and has no income.

Money is a meme. Take the nihilist pill. It literally doesn't matter. Finding an occupation that you like is all that's relevant really. Unless you want to be on vacation 3 months a year. Otherwise, there's no good means on spending money
(This little rant is assuming you don't knock anyone up)

>>13099832
>you shouldn't treat your primary residence as an investment
My property value increased 13% last year and is expected to do so again this year; property can be a great investment if you know where to look.
I also paid cash for mine so I pay less monthly for tax/bills for a 1500sqft house on a half acre property than I paid rent in my previous living situation (a basement apartment, which the family above’s kid was allowed to come down and watch tv when he wanted)

>>13099893
I don't understand, you expect it to go up in value this year or to increase by 13% again?
If you expect your house to appreciate like that every year you might as well sell now while you're ahead, after selling costs you'll have made ~6%

realistically you will make 1% real annualized long term

>>13100010
>if you expect your investment to keep rising you should sell it now

>>13098538
What if you can't make a down payment? Or don't have good enough credit to get financing?

>>13100105
This is not the thread for you.

>>13099654
Rent raising is limited in Belgium by indexation, so it will not raise more than my loan will get indexed.

>>13100192
I'm not going to presume to know shit about Belgium. A quick google search shows it has 11 million people or so? So this is a town or something?

>>13100259
Moreso a village than a town

>>13100259
Belgium is a golden cage, too good to leave but will never make one truely happy.

>>13100290
>>13100192
Regardless I do not understand what you are trying to say? In your cucked neck of the woods, it is only worth it to be a rent slave... That doesn't sound like much of a life.

>>13100301
> having a mortage is less slavery than renting

>>13098579
In my city there are literally no 130k homes. You cant even buy a box on the street in the country for 130k

>>13099055
McMansions are literally made of cardboard lmao. Imagine paying more than $10k for that shit.

>>13100322
Never disagreed. Again you aren't making any sense. If you can't reasonably pay it off in 10 years not sure what to tell you. I am talking about OWNING something. Making your home your home.

the housing market is doomed. its been boosted by globalisation and the next western election cycle is gonna crack down hard on tax avoiders and inequality.

house prices will get hammered. then there is the recession ontop.

wew lads.

This strategy is not for everyone. But, one of the best ways to win the game, is to cut the bank out altogether. This means buy outright, if possible. There are a lot of cities with economies that are not doing so good and losing population, aging population issues, high median age. If you work online, can create your own business, trade, etc it can work to your advantage. A great economic area is easy on the budget and if you are flexible you can travel with the money that is saved, or save it and buy a second place. Find a place near, not in one of those cities that is economically lagging. RE will be very favorable as it will be a buyers market. Don't overlook non traditional housing ,especially if you have cash.Banks will not lend to someone buying a "house" if it is not a real house, usually. They want to be able to sell it if they foreclose, oddball building are harder to sell. Don't over look things like the fact that religion is slowly going out of business, so buildings like small churches can be had for a steal in some communities. I bought a building for 30K outright, well kept, just needed to upgrade the bathroom, needed a shower, DIY cost $1K to do. Property taxes are $1400/yr. That is a tad more than I was paying MONTHLY on a house with a mortgage that I would still not have paid off, until next year, and the taxes then would be still 4X. I grabbed the equity out of the house and took this deal as it was a total win-win.

>>13100060
this is me bursting your delusional bubble
yes property values can rise sharply in one year
you're an idiot if you expect them to just keep doing that

>>13098726
gtfo schlomo

>>13098538
or I could make gains and buy a house in cash in 5 years. while also having the flexibility to live wherever i want in my 20s

enjoy your 25 yr debt slavery

>>13100822
buying a house outright when you arent making atleast 1mil/year is absolutely fucking retarded.

brb financing @ 4%
brb investing that money @12%
brb its literally more profitable

enjoy your continued retarded existence

>>13099055
>osb mc mansion will disintegrate and rot away 5 years after you buy it
Or burn down:
>https://www.youtube.com/watch?v=OqwlYsmt3LE

>>13100964
>https://www.youtube.com/watch?v=eVoYTaFfR_c

>>13098579
>>13100341
Time to move.

>>13098538
that is one cute butt

don't spend a dime for anything. Be a jew, be frugal

>>13101043
>that is one cute butt
Yep.
One that the (mostly black) BBW brap-loving degenerates could never appreciate it.

>>13100971
>>13100964
both of these videos mainly point to crappy ikea furniture as the cause of houses being more flammable, not so much the material the house is built out of

>>13099893

you’re a brainlet if you’re happy that your home increased in value and you’re not even selling because you’re juste paying more taxes.

And when you sell, if the whole market has increased in value, you’re gonna buy a house just as expensive. If you don’t realise any gains, what’s the fucking point?

Unless you have enough money to own 2 houses. Buying one at the bottom and selling one at the top. Even then, houses are a fucking scam.

My parents pay 50% of what I pay on rent on school taxes ONLY.

When you’re close to finishing paying your house, it WILL need some major renovations.

> muh brand new 40k kitchen

I dont understand why every American doesn't doesn't do this... in Vancouver every home is 600k+ and is basically unachievable.. to move anywhere else is going to be -20 fuck that

>>13101516

Most Americans are still scarred by the last housing crisis.

They also don't understand that the housing market doesn't track with the stock market. Housing was relatively unaffected by the dotcom bubble of the 2000~.

It takes a lot more than just a recession for the shitshow of 2008 to occur again.

>>13101516
I live in California where starter homes are close to a million.

>>13101730
Wasn't that basically because the banks gave people loans without them showing any way to pay them back

>>13101730

>Scarred by last housing crisis

Have you seen the prices of houses lately? And they're getting bought inside of 48 hours. You remember 2008, I remember it too. But tell that to the masses. We all forget easily.

>>13098700
>those lower back hairs

>>13100709
The market I’m in is about half the price of the surrounding ones, I beat out 8 other bidders last year on my house alone. In a year when the national housing market more or less stabilized, mine jacked up 13%, the second highest in the country.
No it won’t continue to do so forever, but with that much demand at such low prices it won’t be slowing any time soon.

>>13099690
most condos will let you remodel. You just got a really shitty hoa.

>>13102247
I mean actual remodelling, not slapping on a fresh coat of paint

the housing market being an immutable bull market forever is something too many people take for granted. there is literally no reason it has to keep going up, even if total population increases. you need to consider every interaction and WHY real estate has been so resilient forever... until only recently in 08.

what do you think is going to happen when boomers all croak? not only will you have a massive die off of homeowners to create a demand vacuum, but you now are left with mostly zoomers and millennials who have been so conditioned by the hardships of having 50K in student loan debt that they will never even consider owning a home. these generations already will be living with their parents until they are 30 years old to begin with. after that, they live with roommates in an apartment for fuck all in rent since the costs are split. the ONLY reason millennials and boomers will purchase a home is if they marry and create a family. what are these generations going to be doing less of than any generation in human history? having kids and starting families. now you are starting to see.

we have VR and fleshlights and the internet to satiate our every desire. nobody gives a fuck about a white picket fence if they can just buy a cuckshed and live in a fantasy world instead. the housing market today is literally at ATH and a bunch of millennials brainwashed by boomers will be bagholding everything the boomers leave them with as they laugh to their graves.

>>13102697
ONLY reason millennials and zoomers*

>>13102697
>>13102706

Luckily they're already found a solution for that.
Import people who do want to breed and start families.

>>13102724
and what is the first thing that happens when shitskins take over a neighborhood? property values go down.

>>13102724
those people cant afford the boomer price. On top of that they probably worst than zoomer and use to shitty conditions.

>>13102738
>>13102739

Not all shitskin are equal. The chinks, arabs, poos, and even some latinos have taken over neigborhoods and property value stayed fine. They just rent it back to white millennial who still need housing.

>>13102697
Foreign investors half the boomersheds arent even lived in.

>>13102738
>the housing market being an immutable bull market forever
>property values go down

Pick one please.

>>13102766
learn to read retard

>imagine falling for the "buy a house meme"

>>13102697

Here in Australia the government simply increases skilled immigration allowances to keep the market growing constantly. We're a country of 20 million on a landmass about as large as the US. So they can keep this up indefinitely. In the past 10 years alone I've seen my own suburb in Melbourne (which was already full of immigrants) shift to the point that I'm often the only white person in sight.

This constant steady growth of values is something they can keep up indefinitely... and every young person, no matter how good VR is, needs a place to use that VR. They need internet access to enjoy it, etc. This keeps the demand for rentals up too.

>All these retards recommending buying a house and taking out a loan at the height of a real estate and general market bubble.

You people are fucking moronic. In 2 years, rates and home prices will be half what they currently are. Unless you already have your house, there's absolutely zero reason to not just rent for the foreseeable future. Have some patience tardos.

>>13102861
>muh rates
>refinancing doesnt exist
>bee dum bee bop bix nood imma dumb nigger

>>13102861
Just wait you too will be able to prosper... you're ahead of the curve you post on biz... buying chinkcoins and rocks. Just wait until you are dead and you will never have to worry about real estate. Checkmate atheists.

>>13102697
the world produces more value everyday. India and shit is still like the 90's in comparison to the west. What do you think will happen when places in Africa, Middle East, South east asia catch up. And they are.

So much wealth will be created.

>>13102925
yes there is more value, but the share of that value possessed by the population is also going down. it only gets worse as more labor is automated or at least made vastly more efficient with the aid of artificial labor. these shitholes will become much better to live in than they are now, but you won't see existing first world nations today making the equivalent leaps that these shitholes make. the globalized world is moving everyone into the middle of the bell curve. one world culture, one world language, one world standard of living.

>>13098538
>making yourself a debt slave for several decades
thanks, but no

>>13102991
You’re indebted either way retard
At least with a mortgage you’re attaining some equity in the process

>>13103092
These idiots live with there parents still and will never reproduce. Talking like rent is free.

>>13103092
>>13103103
you mad?

>attaining some equity in the process
yes sure, nice process you got there
hope it's worth the yoke around your neck

why don't you stop buying things you can't afford and free yourself from your liabilities instead?

not saying buying a house is a bad investment, but don't make yourself a debt slave in the process

>>13101438
>you’re a brainlet if you’re happy that your home increased in value and you’re not even selling because you’re juste paying more taxes.
My taxes have yet to increase, and when they do, it will not be remotely comparable to the property value increase.
>And when you sell, if the whole market has increased in value, you’re gonna buy a house just as expensive. If you don’t realise any gains, what’s the fucking point?
The point is a higher net worth, “brainlet”. Sure, if I sell my house and buy another within the same region It’ll essentially be a wash, but that’ll be because I’m ALREADY IN THE MARKET. Compared to a renter who has been renting the whole time and THEN decides to buy, when he could’ve bought at a much lower price. Or he never buys and continues throwing his money away every month.

>>13103207
>but don't make yourself a debt slave in the process
I’m not a debt slave, I paid for my house in cash and I have zero debt. But even if I did have to get a mortgage, that would be better than renting, because you’re giving your money to someone else either way. At least with a mortgage, part of your payment goes to your own equity.

>>13103554
>even if I did have to get a mortgage, that would be better than renting, because you’re giving your money to someone else either way.
it probably depends on a case by case basis, surely there are cases where you are better of "financially" getting a mortage, but for what price?
it really depends on what you value more, your money our your freedom
there are many ways to invest your money without the need to sacrifice your freedom in the process
but why would you make a double bet where the odds are against you?
and also why make a bet to this extent, that is really beyond me
however to each his own, I personally value my freedom above my money and will gladly pay more just to keep my autonomy

>>13098538
FALSE.

Paying interest is the biggest waste. When people buy, they get more house than they would normally rent. They get a bigger loan than they can afford. They don't put enough money down and get a variable rate interest too.

>>13102697
THIS

>>13103854
i pay 4% interest on my loan
you pay 100% interest on your rent
"getting more house" for your buck is not bad
you sound like youre just naming off things your parents fucked up with

your entire post sounds like it was written by a teenager and youre overall really dumb

>>13098538
Lmao, these cope threads are getting more and more ingenious

>>13098780
Is this freshly baked pasta?

also, this entire thread assumes that housing prices will continue to go up. You have to be fucking delusional if you think this is going to hold true for the next 20/30 years.

Also, as a renter in the first world, you have all the rights, while landlords have all of the obligations.

If you are lucky, indeed, you might have a higher net-worth if you buy a house. But you took a massive risk, a decades long commitment, have to constantly pay for all sorts of fees and repairs, and you are stuck with a highly illiquid asset.

Renting+investing gives you a similar net-worth, but your assets are much more liquid, and you are much more flexible to do pretty much anything.

If you are really bullish on real estate, don't buy a house, buy a stock that tracks its performance. So many things can go wrong. Rodent infestations, fucking fires. Bad neighbors move in, economic downturns that are impossible to predict 30 years in advance can tank the value of your home...

again, this is a cope thread

>>13104021
This.
I fell for the real estate meme. Sure, I bought at the bottom of the market and I didn't lose money on it but if I would've invested the money I spent on the house in the S&P500, I'd be alot richer.

>>13104021

>cope

>>13098538
This is only true if you spend a year researching a place that isn't BUBBLED the fuck out and get in on a small dwelling that you can sell for more than you're in it for once you no longer need it. Also the housing bubble is going to burst by 2021 screencap this.

>>13099297
Property prices will probably go down over the next 15 years as boomers sell and this does not include depreciation and repairs for a house. It also does not include the optionality of moving around city to city every year