/biz/ - Business & Finance

They are.
ignorant poorfag lmao

>>16506044
Cuz they took ‘er jerbs!

>>16506051
>t. teenage zoomer with no house

>>16506044
My biggest questions are:

1) Why do people think that houses are the only way to success?
2) Why should people buy houses when moving for jobs has become more and more common?


Face it. It's a non-liquid, costly asset that wouldn't see dividends for 5 - 10 years of constantly living at the location.
Why would you do that to yourself?

I'm not interested in holding the bags of the people trying to cash out before the market crashes down from its inflated level. When the price tumbles it will be a good investment, but not before. You can smell the desperation to get out from under the market and the desperation from banks trying to sell mortgages at 2/3 or less than what they used to move them for.

>>16506062
What is this cope?
Go outside for once and see

>>16506044
>$9600/mo


Are these niggas for real?

>>16506062
Why would I own a house when I can have 500k in liquid stock assets that pay 3% to 10% dividends every year?.
Doesn't make good fiscal sense.

>>16506044
The cost of a home isn't the issue. It's how much the utilities, property taxes, and maintenance are that's scaring them away. That and having to handle all that shit on their own.
>t.millennial shopping for their first house

>>16506079
So long as you purchase a house that needs some work and do the work yourself, there is no reason you won't be able to sell your home at a profit if you need to move.

>>16506218
There is not a 10% yield stock that is decent.

3-5% yes and maybe that will be 10% in 15 years with divi growth

>>16506345
>just spend 6+ months selling a house when you need to move

ok boomer

>>16506345
This >>16506373
and also depending on the country, if you dont hodl house for long time, you are taxed at 30-35% or whatever the weestern income tax is
Houses are the bitcoin of boomers

>>16506356
Right, so my point stands.

>No stock that is decent
Some dip man. Buy the dip.

>>16506345
>Do the work yourself
Ok. How long is that going to take? How should we quantify that? Could you be more cost effective by working or taking a second job?
It's an opportunity cost.

>No reason you won't be able to sell your home at a profit.
Profit is never guaranteed.

>>16506218
The bank will loan you 500k in a 30 year loan with a fixed mortgage rate with only 20% down. How long is it going to take for your investments to hit 500K while you're renting and paying someone else's morgage?

>>16506684
You actually mean a 400k loan, because that's what you got after you front the cash for 20%

And then you have 400k, in your house. Not coca-cola or something that pays you quarterly.

>Property taxes
>Maintenance
>Non-Liquidity

If bad kids move in, you're stuck with that asset that's a drain on your bank account because you can't sell.

Meanwhile, if you invest in a good company with solid fundamentals, even when the stock is down, you're still getting paid. Not only that, you only pay taxes when you make money, unlike a house or land.

>The old renting is throwing away your money argument
Renting is freedom. You can discard the house at anytime with little to no loss to you. It's the privilege you pay for. Landlords are taking all the risks in this case.