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/biz/ - Business & Finance


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23152476 No.23152476 [Reply] [Original]

Why not just rent and invest the rest of the money instead?

>> No.23152515

>>23152476
Because rent is more than a mortgage payment and you never stop paying if you rent forever. Buy property, build equity.

>> No.23152532

>>23152476
google equity

>> No.23152538

>>23152476
NGMI

>> No.23152552

>>23152476

You really don't understand basic economics my friend

>> No.23152560

>>23152476
because they're retards.

look, you already have retards shouting "muh equity"

>> No.23152562

>>23152476
Take the rv bus pill, or even better, the tent behind a walmart pill.

>> No.23152567

>>23152476
it's because of "people" like you that renting still exists. you disgust me

>> No.23152610

>>23152476
>Letting the (((landlord))) set the prices of your home and of your life
Rent is just for brief timeframes

>> No.23152611

>>23152476
>buy property
>rent it out

>> No.23153983

>>23152560

Enjoy living in your mothers basement. NGMI

>> No.23154012

>>23152560
>pay to live someplace and get nothing to return
>pay to live someplace and get $200k+ in return
really does... make you think...

>> No.23154085

>>23152476
Because normies don't know shit about investing. Cheap popular rental price apartments and small homes rent for MUCH higher yeilds compared to their purchase price, whereas city centre and large houses rent for terribly low yields, It would be better to buy an apartment or apartment building and then rent your home as you get more on the same money.

Then there is my extreme version where I own 7 Rental units and live in a rented ensuite room for peanuts

>> No.23154243

>>23154012
AHAHAHAHA. WHERE THE FUCK ARE YOU GETTING $200k RETURNS ON A PROPERTY. YEAH MAYBE IN 30 FUCKING YEARS. Mother fucking deluded kunt.

How about you rent a place for $1k a month. A nice place. You take the $15k you would’ve put into a deposit, possibly more Cos getting a property without $25k deposit isn’t that easy and you invest that money in some place. All you gotta do is double your money + work to have some nice returns.

If you’re renting and just burning your excess income then yeah it’s not ideal. But if you have a plan renting is far more suitable for the ambitious young person.

>> No.23154251

>>23152515
there are tons of house-owning related costs you never stop paying either.

>> No.23154345

The power is out in my room, I probably just need to flip or replace the fuse but the fuse box is locked and I have to wait for my sand nigger cunt landlord who lives 5 hours to come fix it.

>> No.23154386

>>23152610

>thinks landlords set rent prices

you crack me up, /biz/.

owning a home is the biggest liability ever. all these faggots talking about how it's better clearly have never owned a house before. once you own the house, you still pay property taxes, utilities, and upkeep. god forbid you live an area with a HOA, then you've gotta make sure the upkeep includes shit like keeping your yard/front of home look nice. renting is the smarter choice because you're not responsible/liable (unless your a moron and didn't read the contract kek) for any kind of maintenance or upkeep. that being said, the absolute chad play is to be the landlord and collect rent so other people pay for your living expenses.

tl;dr

renting is smart, but owning 10 homes for 9 families is smarter.

>> No.23154407

>>23154345
>not having access to your own fuse box
drill it out

>> No.23154421

>>23154243
Toronto

>> No.23154430

retard

>> No.23154432

>>23154243
it's called equity you retarded nigger.

>> No.23154437

>>23152476
Congratulations. You have enough critical thinking skills to question "muh equity". Reality is, exposing a massive amount of your financial portfolio to real estate (a bubble pumped by boomers and Chinese) is completely retarded in the current market. You're better off renting for 1k per month for 2-3 years and buying when it crashes than holding a $600k mortgage and getting JUSTed when prices drop 20-30%

>> No.23154451

>>23152476
>Why not just rent and invest the rest of the money instead?
This only works if you are in crypto

>> No.23154465

>>23154386
Rent is smart until it doesn't

>> No.23154485

>>23154437
>he STILL thinks housing will crash

>> No.23154514
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23154514

>>23152552
>You really don't understand basic economics my friend

>> No.23154533

>>23152476
Renting is good and in expensive markets it is usually the optimal decision. Personally I find apartment living very comfy. Security and maintenance is taken care of for you, dont have to worry about porch pirates, no street noise, don't have to worry about your neighborhood getting "enriched" and tanking your house value

>> No.23154573

>>23154432
>it’s called equity

Equity that you can’t pull out of, barely rises, has a chance to crash, will burn the fuck out of you in maintenance fees if you don’t know what you’re doing and just overall ruin your quality of life.

Lemme tell you something chump. The fact that you are on this website tells me you do NOT have what it takes to pull off real estate. Get it fucker?

>> No.23154579
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23154579

>>23152476
rent is comfy, because it's some kind of check point. You have a house that earns you respect and is in a way a good investment. It's essentially boomer way of thinking, though not wrong. Rent is a way to spend some money that will never come back to you, in no way. Therefore, some people feel like it's a complete waste, and getting into the housing market is a ASAP thing, no matter how shitty the house is.

Renting is good because you pay and that's that. You don't spend more than an hour paying rent if you have the money, you just pay it on time. Not stressful, and it's easy. Better in regards to looking for new jobs or other places better for you.

Rent is for us, OP. We are all in. I'm not stopping when I get a house, I'm not stopping when I can afford a boat, and I will certainly not stop when I can afford everything on the list. Buying a house will shift your focus from achieving more to maintaining your assets.

I don't give a fuck if I rent for another 100 years, I will make it, and make it big. I will move wherever I want to get closer to my goal. People who buy houses aren't all in, and scared of losing their gainz.

>> No.23154599

>>23154579
I meant buy if comfy, kek

>> No.23154719

>>23154243

Are you really this retarded?

I bought an appartment 5 years ago for 225.000€

Every year Appartment prices where I live raise with +- 5% a year, you will have your returns far quicker than 20y, normally within 10 years you would be there.

That is not bad taken into consideration that it is a solid investment, unlike crypto.

>> No.23154799

>>23154719
In one day you can pull a 2x by trading.
You're genuinely pulling a 2x in 10 years instead of 20 and you're fucking amazed?

>That is not bad taken into consideration that it is a solid investment, unlike crypto.

jesus fucking christ, thinking mentality I'd expect out of /tv/ or /adv/.

>> No.23154831

>>23152476
No idea. If you wan't to live outside of the system you more or less need to rent if you want to live in a home.

>> No.23154887

Housefags don't consider that you still pay rent after you pay off your house. Try not paying property tax and you'll find out who really owns your house. $5k per year for a median home where I live is 75% of what I pay in rent alone.

>> No.23154901

>>23152476
ppl who say that have never owned a house in their life and dont realize keeping up a house is a full/part time job. especially when youre house is over 2,000 sq and 5+ acres. renting is awesome when youre working full time, owning a house when youre not working is better.

>> No.23154924

>>23154799

2x on 1000$ is 2000$

2x on 200 000$ is 400 000

I make a lot of 2x - 5x with crypto every week, but you don't have to lay all your eggs in the same basket

>> No.23154935

>>23154887
yup, plus costs of repair and maintenance. oh and home insurance. and you gotta pay paco to do yard work to keep up appearances of course or the neighbors will complain.

>> No.23154948

>>23154799

>thinking random shitcoins are a better investment than property

ngmi

>> No.23155023

>>23154485
It certainly did in 2008, it can again.

>> No.23155119

>>23155023
no way dude it can't. new paradigm n shiet

>> No.23155122

Just some data for you based on my first home experience, bought in 2013 - Was in 2 bed apartment, paid 500$ less a month than the new mortgage on 4bd 2bath. 2016 - same apartment went up for rent, now 350$ less. 2020- same apartment, 100$ less. Equity is what it is, you'll transfer it to another home or finally pay it off in 30 yrs unless you really pour the cash into it. Pretty meaningless unless all goes to shit and you have to sell and then rent. But over that 30 yrs it seems you'll win by having a locked payment over adjustable rent. Also being able to do whatever the fuck you want to and reaping the rewards for home improvement instead of handing it off is pretty cool too.

>> No.23155148

>>23154573
let me make this real simple for you, niggebrain. at the end of 30 years of renting you own nothing. you don't have a place to live. at the end of 30 years of paying a mortgage you own a house and land and your upkeep costs and property taxes are a drop in the bucket. you aren't permanently bleeding $1000/month of cash at the risk of homelessness. your only obligation is a few grand a year in property taxes and minor upkeep which, if you haven't been a white nigger for the past 3 decades, should be minimal.

>> No.23155186

its much easier to buy a house than it is to buy stocks and invest. alot of ppl don't know anything about all that.

>> No.23155196

>>23155148
>a few grand a year in property taxes
someone owns a shitty house in a crappy neighborhood

>> No.23155219

>>23155023
and guess what, retard. housing recovered and is at new all time highs and it took <10 years to happen i.e. a third of the average mortgage term. you're operating under the assumption that affordable housing is some guaranteed norm. it's not. look at basically every house in basically every western european country. it's expensive as fuck. look at houses in canada. look at houses in australia. most people in these can't afford homes so a significant proportion of the country rents indefinitely, until the day they die.

>> No.23155244

>>23155196
property tax reductions/exemptions in retirement, retard.

>> No.23155269

It depends on where you live, but generally you are either paying for rent, or you are paying your mortgage. At the end of the mortgage period you have a house while if you paid rent you have nothing, but had an easier time if you wanted to move or didn't have to deal with maintenance. Even if maintenance costs make it cost more than rent, you are getting equity whereas paying rent you are essentially paying someone else's mortgage for them, for the convenience of not being tied down, or having to deal with maintenance costs.

In short rent if you are living somewhere short term (<5 years), if you are planning on living longer term it is often better to buy your house (not considering housing trends, or if you live in a place with fucked up housing like California).

>> No.23155314

>>23154948
crypto is stocks, and shitcoins and penny stocks. One is comfortable, and the other is risky. Higher risk = higher pay.

Dabbling in the riskiest while playing smart is the highest chance of making it big.

>ngmi
I won't make it in your book, I'll make it in mine, in which you never appeared beyond a sentence,

>> No.23155332

>>23152476
A mortgage with 20% down is investing with 5x leverage and no margin calls.

>> No.23155349

i'm planing to buy 3 properties and rent them out to people like you but i will still rent in the meantime.

>> No.23155354

>>23155332
And cheaper than any other margin you’ll find.

>> No.23155368
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23155368

>>23155122
It looks like you timed the market perfectly
>bought the bottom in 2013
>experienced the inflation in home prices until 2020

Now consider if you had bought in 2007. OR if you were japanese and bought in 1991. Your home would still be worth 37% less than when you bought 30 years ago.

>> No.23155397

>>23155023
Correct. If immigration slows significantly or the Chinese regime actually takes steps to stop outflows of capital belonging to their elite (these are the investors that buy whole floors of condos and leave them empty) and repatriate assets, then there will be a flood of properties on the market, making it so that retarded millenials that overleveraged themselves will be absolutely rekt by the devaluation of their properties that they're already struggling to pay their mortgage on

>> No.23155402

>>23155186
this concludes the whole rent vs buy.

But the problem is why these fucking retards that think a 2x over -unironically- 30 years is a good investment and "comfy". /biz/ is for fucking escaping waging, and if you're not even thinking beyond the wagie brain then why the fuck are you even bothering? Just go get a job, apply for a loan, look what you can buy with it and be done, don't drag us into the whole "rent is wasting money"

if you're not going to think beyond the wagie way of thinking don't bother us

>> No.23155434
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23155434

>>23155368
>>23155122
I also have to add that if you're buying now, you are buying the absolute top of the century. While I do favor ownership bigly, its really hard to argue why property investment is a good idea right now.

>> No.23155439

>>23155196
>property tax
whats that, you have to pay mr taxman every year for the privilege of owning your own house? kek

>> No.23155483

>>23155439
yes, imo it makes no sense to own a house and not rent it out to generate cash flow.

>> No.23155532

>>23154719
Your strategy works provided the real estate bubble doesn't pop. Give me your honest opinion. Do you really think the housing market is going to continue to rise in value? Infinitely? It's only a matter of time before it comes crashing down. People like to criticize crypto but it's unironic because the biggest ponzi scheme in history is the real estate market

>> No.23155659
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23155659

>>23155368
... looking at this and other japan charts, buying a place and retiring in japan would actually be very cozy.

>> No.23155754

>>23154579
based

>> No.23156011

>>23155148
Are you fucking stupid or what. The money you put in rent is LESS than your deposit and mortgage payments short term.

with that money you they do something to increase that money. Do you understand?

I don’t even know why I’m arguing with you. You probably have zero properties. Getting property under mortgage is fkin boomer retirement meme cope. If you’re young and healthy you should have far bigger aspirations.

>> No.23156100

>>23152476
because basic math.

>rent - $1200
>mortgage - $700

>> No.23156129

In Canada, renting and investing the difference is almost always better than buying.

The Wealthy Renter is a book by a Canadian banking guy that crunched the numbers extensively over the past few decades. In almost every major city in Canada, those that rented and invested the difference in index funds at 8% APR were ahead of those that bought.

And now in crypto, you can do far better than 8% a year, it's a no-brainer.

Besides, you can't get allodial title on property in most countries anyway, and if you have a mortgage in the reset you'll lose the property if you can't pay it off. The (((FED))) will own everything.

Nothing wrong with investment real estate but your own home isn't an investment it's an expensive liability that denies you opportunity cost in crypto and other emerging markets.

Renting >>> Buying

t. non-poorfag that's both owned and rented in the past

>> No.23156138

>>23152476
Just morgage over a long enough period that it becomes cheaper than rent, then if you want to move or get bored with that house call the bank and tell them you won't pay anymore and they can come seize the house.

>> No.23156146

>>23155434

in my area houses are 1 million plus in the desirable neighborhoods. 600k easy for less desirable ones.

like hell i'm dropping 200k on a down payment. i'd rather keep buying businesses and build up real cash flow assets.

told my much older buddy there's no way i'm paying my next 30 years of earnings to him to hypothetically buy. he agreed lol.

>> No.23156183

>>23152476
Only boomers and rednecks that live in the middle of nowhere think this because they pay practically nothing for their house. What they don’t realize is that living in or near a big city and having the ability to relocate increases your earning potential exponentially. If you’re satisfied working some shit job in a small town for $50k your entire life then buying is a no brainer. Otherwise just rent.

>> No.23156186

>>23156146
protip change your area you dumbass retard

>> No.23156202

>>23154924
You do it on chainlink though, I have all my eggs in the link basket and yet I'm comfy as fuck, literally 2k$ in the bank and 50k linkies.
The wagie mentality of buying a house or apartment makes you tied to one place, usually near where you wagecuck.
Even if I make it I'll buy a house in Portugal for golden visa and no crypto taxes, then will move to whichever country I want and rent there, then when bored or if I kill someone I can just hide the body and fly out to some other place.

>> No.23156215

My dad is buying a house and he asked me to pitch in and live with him, so It's like I'm renting but also making sure my dad has a home when he gets too old for work. He can do all the maintenance and stuff, he needs the exercise.

>> No.23156219

>>23156183
tfw boomer (36) living in small semi redneck town making 50k and own a small home; unsure if feelsbadman or i'm okay with it

>> No.23156228

>>23152476
Rent only works if you are going to stay in the same rental for the remainder of your life and there is rent control. If you move around, it doesn't wash and you might as well set the money on fire.

Also, most countries are tripling down on real estate and would rather see their countries die than hit those markets. Their economies are predicated on importing people to borrow money to pay financiers, real estate speculators, and construction workers and this will work fine until the East achieves quality of life parity with the West. It's lazy and it's easy and you just have to protect the status quo.

>> No.23156241

>>23156183
>you either live in a white trash flyover town or in or near a big cool metro!!!!!
fucking uneducated and retarded 15 year old world view lmao
eat more lunch, stop spending your allowance on shitcoins kiddo

>> No.23156246

>>23154251
>I'm poor

>> No.23156282

>>23154579
That's a good point especially if you don't plan on having kids.

>> No.23156305

>>23156186
no thanks.

i make 100k+ a year while renting. i save 90% of my income. then reinvest into my businesses.

seethe more. then cope more.

>> No.23156307

>>23152515
This. If you can get a loan from the bank your mortgage/interest payments are smaller then rent. Plus you have an asset that appreciates in value while building equity. Biz is financially illiterate for thinking that renting is better. I think it’s a cope thing, they want to feel superior to the home owner, but deep down they know renting is cuckhokdry and it drives them mad

>> No.23156322

>>23155269
this is probably one of the least retarded answer in this tread

>> No.23156340

>>23154251
Equity build up and asset appreciation far out weighs upkeep costs. Cope harder poor fag

>> No.23156369

>mortgage
>rent

Pick neither and crash with your parents. Just be a big dick overbearing chad about it, they won’t really kick you out.

>> No.23156370

>>23156305
the economics of everything you are saying are retarded. protip, don’t flex nuts while simultaneously making yourslef look moronic. please never respond to me again, because I do not associate with the feeble minded. thank you.

>> No.23156398

Agreed. If you think renting is better your an idiot and exposing yourself as a LARPer. " I make 100k plus but rent cause it's the smarter option" lolz ok fag

>> No.23156408

Because every mortgage payment you make IS investing your money. In your house, which you should presumably eventually own. Not an awful question, keep learning.

>> No.23156406

>>23154251
those costs turn into equity if you do it right and raise the value of your property. I had a town house in Illinois. Fucking illinois. Sold it for a 35k more than what I bought it for. All in all put about 20k worth of repairs in there. 15k net. It gets better when you have bigger homes.

>> No.23156410

>>23155368
I suppose.. who's to say how it will all turn out down the road. I doubled down and bought the spare land next to me in 2017, so I have 4x the lot size of the average city lot here, and we have had steady influx that is turning this place into a Richie rich town. Refinanced last year and got into a pretty good rate, making the lot cost 100$ over the initial house payment.... Point being I think there's a lot of variables at play and it's not simply mortgage bad/good rent bad/good. Both can be the better solution depending on how you play your chess pieces I think. At this point I have been paying for 7 years and I show over 30% equity with the base payments + 50 bucks a month, so I'm hoping that I'm nearing or have passed the point of a housing crash putting me underwater

>> No.23156428

>>23156100
add tax and maintenance on top of that mortgage

>> No.23156466

>>23154386
I mean if you're a moron this is a valid point. If you embrace responsibility and do little things to improve your house and are proactive you'll be fine and you'll make money instead of wage slaving in an apartment for a parasitic landlord.

>> No.23156476

>>23152476
For poor people buying is almost the only way to save up money.
If you make a lot investing elsewhere you don't need to invest in real estate but it's a safe bet because people always tend to like to live in houses instead of on the street.

>> No.23156479

>>23156370
seething

>> No.23156511

Point is. If you can understand scarcity and you can understand the value of bitcoin, how the fuck is it hard for you to understand scarcity in land is real and how the fuck further is it hard for you not to see that the population is growing at an exponential rate and thus the demand for land is going to grow at an exponential rate. The absolute state of cope of some of you retards I fucking swear.

>> No.23156552

I should also add I'm a construction worker and I was telling anyone who would listen that buying in 2007 era was a bad idea. Anyone with a brain could see the mania, people were literally saying "buy now or you'll never be able to afford it!" And "buy the biggest home you can afford, it'll be worth xxx more later!" Like it was common sense investing 101. People advocating balloon loans because it was a "sure thing" that you could refi and be in the positive. Total crypto level lunacy. Being in construction made it even more obvious we were in an unsustainable bubble near the last year or two.

>> No.23156558

So ultimately, if you rent and invest all your money you're doing the right thing as an investor and might make it big. If you buy because "it's a better investment" you have little to no knowledge of economy, nor common sense.

What people don't get is that money makes money, when you have 400k and "invest" in a house there is a decent chance you'll have 600k within 5-10 years (assuming no crash (it's fucking 2020 so don't keep your hopes high)).

With stocks/crypto your 400k can get doubled overnight. AND IN ADDITION; if you just stake your money you'll end up with 500k with 3 years with a solid APY.

It's not rocket science ..

>> No.23156561

>>23156241
I know this from experience. I live in NYC and will earn a little more than $250k this year. That wouldn’t be possible in whatever shithole town you live in. I pay rent on a small 1br apartment and invest the rest. Have about $600k in the stock market plus 25k LINK and 350 ETH. Keep seething broke faggot.

>> No.23156570

The only things better about renting are

1. don't have to worry about shit breaking. It's all COMPED. Dryer breaks? Free dryer. Fridge goes out? Free refrigerator. Etc.

2. don't have to do yard work or shovel snow or any of that shit

But financially it's pants on head retarded if you have the option to buy a house instead

>> No.23156585

>>23156511
Houses suck as in investment tho
You can’t move it
It’s hard to sell only part of it, which now that I think about it is why farmland is probably a better buy

/pmg/ is the Chad move tho

>> No.23156587

>>23156479
larping

>> No.23156617

>>23156570
so basically the lesson is, to buy a house you need to have a decent amount of savings apart from what you'll need for a down payment etc. so you can fix shit when it breaks, or you'll be FOKT when something goes wrong

and you have to not be lazy because you have to do yard work and shit. Or have enough money to pay someone

>> No.23156629

>>23156370
Rural simpletons are like animals. I can almost guarantee your wife is fat and ugly and you probably don’t own a passport.

>> No.23156668

>>23156585
Not if you get it in the right area anon. If you get it next to good schools that's a permanent source of demand. If you get it next to a metro area, also a permanent source of demand. Next to public transit into metro...fuggetaboutit.

Farmland is cool but doesn't have a lot of demand. If you like solitude and its for you thats fine. But its not a good investment.

>> No.23156693

>>23156511
Population growth is slowing. Boomers were right to buy a house back then when population was exploding but now everything is already expensive and birth rate is steeply declining. You’re a bag holder and the boomers dumped on you.

>> No.23156730

>>23156693
Tents may drop in the next 5-10 years so many houses on the market gotta drop the price just to cover the cost of the mortgage

>> No.23156737

>>23156693
You might want to check on India and China there bub. Global population growth is not slowing down.

As for me. I bought in an area of permanent demand. Next to a mountain, 30 min from Denver, with A+ schools. The demand for this is never going away. Cope and seethe.

>> No.23156747

>>23155368
Japan is sort of unique in that their zoning laws are super aggressive for housing, so basically nobody buys as an investment there, as most houses are built to last several decades then be torn down when the land is sold for the new owner to build their own house.

Also good housing stock doesn't dip as aggressively as the average because it is finite and desirable, whereas developers shit out mcmansions in the burbs to lure people into home ownership but those are the houses that tank in value, or don't appreciate because they are far from everything so no one wants to willingly live there.

>> No.23156777

I was a supreme idiot years ago and rented a house, was responsible for 100% of the yard work, maintenance, repairs, and HOA interaction. Worst of both worlds. If you rent, make sure you’re not tasked with doing that stuff.

>> No.23156805

>>23156561
>I live in NYC

And you are cooler and better than everyone for it.

>> No.23156814

>>23156617
Yeah it's really not that bad in my experience. In seven years I have: repaired the dryer - drive band 30$
Unclogged the sewer, 2x(kids!) - 350 plumber, 2nd time I bought a drain snake for 400$.
Replaced furnace blower fan - 130$
Replaced ac condenser fan - 60$
And I enjoy working on the home. It's a source of pride for me, and being modest in what I can afford means I'm under 20% debt to income with the mortgage so I really do see it as a long term investment where my improvements are for my personal enjoyment. Also the boomer meme of the sports car, losing hair, and drinking a beer while on my riding lawnmower with a grin are pretty spot on, gotta admit

>> No.23156862

>>23156737
The population of India has no impact on the value of your house, which I could buy straight cash right now if I wanted, but I won’t, because I’d rather kill myself than slowly die of boredom in middle of nowhere Colorado.

>> No.23156878

>>23154887
bullshit figures. Rent for a detached 2br here would be $1500, prop tax + home insurance + maintenance on the same home if owned wouldn't break $500 monthly.

>> No.23156911

I can't stand my cuckshed studio anymore.

Cheapest 1 bed nearby is $1500/m after fees and electric estimates. I only make $45k a year but managed to make $10k crypto profit. $20k is all my net worth. Could have been lmao $200k is I didn't hodl meme.

Is that too expensive for me? Not sure I can count on future crypto gains I just got lucky.

>> No.23156913

>>23156737
>You might want to check on India and China there bub. Global population growth is not slowing down.
and considering you’re likely the type who would vote to import them here, i’ll need to advise you to slash your wrists
> Next to a mountain, 30 min from Denver, with A+ schools. The demand for this is never going away. Cope and seethe.
you’re either a Littleton commie or one of the newfaggots trying to “sTaRt FrEsH” in like roxborough park. maybe if you have a lot of daddy’s money you’re fucking around in Golden or the like. either way, now i’m certain you need to off yourself

>> No.23156914

>>23156805
I don’t even really like it anymore but it’s just so easy to make money here

>> No.23156957

>>23156693
Yeah natural pop growth is slowing, but don't forget that liberals want millions of immigrants coming in every year.

>> No.23156991

>>23156814
For the first 15 years or whatever its pretty low, then you can get hit by omega costs like new windows, furnace and stuff like that which are the bulk of maintenance costs of a house. Its probably less if you live in a warm place. Right now my furnace and water heater are like 30+ years old and due for replacement, but over that time things like regulations have changed so there is a lot of work around bringing it up to code when the replacement needs to happen. But in general it rewards those that take good care of things, since people generally have to replace those in half the time.

>> No.23156996

>>23155196
>living in a neighborhood
I can't imagine living somewhere I can't shoot milk jugs while drunk. Why would you willingly pay assloads more to live around nosy boomer cunts? Assuming you aren't full city negroid. I make my property look like absolute shit on purpose to bring my property value down. Fuck tax jannies.

>> No.23157071

>>23156587

the digits in my bank account say otherwise.

>mfw my 50 yr old boomer with a 1.4 million dollar house agrees that it's a bad idea to buy right now
>chucklefucks on 4chan tell me it's a great idea
>keep buying small businesses with cashflow and make anons seethe

if i were a frogposter, i'd be posting one right now.

>> No.23157075

>>23154579
>>23156282
Yes.

All that matters is net worth moving up over time and for people that are particularly into and good at moving that metric, the spread between buying and renting

It makes sense that many people see it as burnt, wasted, money. They're not making use of any of the advantages. In fact, they're completely blind/ignorant to them.

>> No.23157096

>>23152476
I rent and lend my tether for 1% month to pay for it

>> No.23157104

>>23156911
I'd say yes it is, but that's just me. Good rule of thumb is not spending more than 1/3 of your income on housing, and 1.5k would be like half after taxes.

>> No.23157113

>>23157075
>the spread between buying and renting
the spread between buying and renting matters less*

>> No.23157168

>>23156862
>because I’d rather kill myself than slowly die of boredom in middle of nowhere Colorado.

What would you prefer? I got some options for you.

1) Live in a McMansion in the middle of a new upper-middle class suburban neighborhood. Your neighbor has a house that looks identical to yours and your backyard is tiny! It's a quiet neighborhood, to a fault. Nobody goes outside. And hey, you got a Walmart and a Red Lobster nearby to drive to!

2) Rent / Own a tiny tiny apartment/room in the middle of the big city! You have to climb up three-flights of stairs to get to your room, there's tons of noise, but you're in the middle of it all. There are tons of hipster establishments and every couple of years your favorite band holds a concert here!

3) Live in an older house in a old suburban neighborhood. Lots of old people live here, but you also border the lower-income neighborhoods, so it's very typical that lowlives make their way through your neighborhood. The schools here are atrocious, full of gangbangers from the nearby low-income neighborhood who WILL bully your, presumably, white children.

The choice is yours to make :)

>> No.23157207

>>23156406
houses are an asset which disqualifies you from gibs

>> No.23157225

>>23157168
I already did 2. I got a rent stabilized apartment and 3 flights of stairs is totally fine for anyone who isn't a fatass.

>> No.23157256

>>23152476
when the investment is gone but the rent is due
>REEEEEEEEEEE
When the mortgage is payed off and all i have to worry for is property tax
>Coooooooooom

>> No.23157312

>>23152476
I was looking at the prices recently and it's practically the same price to rent as to have a mortgage anyways.

>> No.23157314

>>23156913
I don’t even speak your meme dialogue shit your little gremlin trash human. if your multiple businesses are generating 100k per in a 1mil home area you should neck yourself. there are literal aspies making 100k doing fucking IT work. shouldn’t talk down to people or project because you never know when somebody holding a bag is trying to give you good life advice. I tried, you’re retarded and sad and insist on continuing larp—maybe it’s mental illness. but either way, convo over.

>> No.23157337

>>23152476
equity, you retard

>> No.23157520
File: 24 KB, 462x356, 1598765021690.jpg [View same] [iqdb] [saucenao] [google]
23157520

>>23156862
Living rural is the only way to somewhat escape modernity and all its pretenses. You're free to live among the pondscum of humanity if you'd like, but I don't see the appeal. I think it's better that you stick to your own kind.

>> No.23157552
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23157552

>> No.23157568

Are condos the true way to go? Sure you've got HOAs still, but at least you can build equity, and your money isnt going into the aether (read: some fag's wallet).

>> No.23157620

>>23156561
I bet you love like a poor faggot too in that overpriced kike paradise.

>> No.23157754

>>23156913
Who says anything about me voting to import them? The global trends are clear. Plan accordingly to what the world is not what you want it to be. Also. Fuck racism. Littleton is great. So is Roxborough. And Golden is beautiful. Cope and seethe.

>> No.23157791

>>23157207
imagine making financial decisions on the basis of whether you get gibs. Stay poor.

>> No.23157923

>>23157071
How much are you paying in rent if you save 90% of your income on only 100k+, in an area with 600k houses being less desirable (over 2x national average)? That only works if it is subsided or subdivided.

>> No.23158045

>>23154345
what a shitty landlord, who lives 5 hours from their property? I'm getting my own property in a month and I'm going to live around an hour away.

>> No.23158067

>>23157552
cringe, she simply asked what our pet peeve was and this guy has to make it about her.

>> No.23158239

>>23157754
t. never lived near minorities
never said those places weren’t great and beautiful. i’m saying you’re a drooling down syndrome gorilla nigger for thinking immigration is unavoidable, and on top of that counting on an influx of shitskins to give your property a short-term pahmp without realizing it will plummet it to zero long-term. enjoy your life in 30 years when your pajeeta neighbors make your entire block reek of curry at 12pm and 7:30pm on the dot every day and the bussed in nigger children at your local school plummet its ratings, in turn shaving away your property value. colorado is fucking dead and retards like you killed it. and when the entire greater denver area looks like socal do NOT fucking follow us to montana

>> No.23158241

>>23152562
Are you serious or shitposting about sleeping in a tent behind Walmart? Personally, I've never done it outside a campground

>> No.23158345

ITT: 99% bragging insufferable larpers.

>> No.23158353

>>23158239
lol I'm from Chicago. Niggers are alright if they're able to get into the area you're in they must be doing something right. Pajeets too.

I'm following you to Montana/Idaho when I'm done here. Bringing a gun. Gonna culturally enrich you sonny boy.

>> No.23158391

>>23158353
lol no you won’t, long before your midwage ass can scrape together enough cash to make it to a decent area in montana USD is going to fucking implode and you’ll be stuck holding worthless green bags and trapped in a jungle of your own creation

>> No.23158445

>>23158391
>>23158353
>oh yeah? well my dad could beat up your dad!

>> No.23158463

>>23156777
checked and kekked

>> No.23158593

>>23152560
I feel bad for you, just give up, wagecuckery is your only future.

>> No.23158598

>>23158391
lol @ thinking the guy who just bought in the area is a midwage ass. You don't track property values do you sonny boy?

I hold BTC, ETH and LINK. I'll be fine either way. My pockets are getting fatter and fatter. I'm coming for your ass anon. Prep it with lube for me will ya? This cultural enrichment is pretty thick.

>> No.23158641
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23158641

>>23158598
>lol @ thinking the guy who just bought in the area is a midwage ass. You don't track property values do you sonny boy?
>I hold BTC, ETH and LINK. I'll be fine either way. My pockets are getting fatter and fatter. I'm coming for your ass anon. Prep it with lube for me will ya? This cultural enrichment is pretty thick.

>> No.23159754
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23159754

>>23157207
>get gibs
>invest gibs
>make it status
>invest into life such as houses and a vehicle

>> No.23159913
File: 110 KB, 657x539, 1510634920577.png [View same] [iqdb] [saucenao] [google]
23159913

>>23154485
>>23155219
the federal reserve has over $1.5 trillion of mortgage backed securities on their books, what the fuck do you think happens when the market drops 5% and all of those people are underwater on their loans? surely they won't just default like they did in 2008 right?

mensa should institute biometric verification on this website, no posters under 130 IQ allowed

>> No.23159996

>>23152476
Buying is fucking stupid, especially in the west.
We're in the middle of a commie revolution, and these landlords don't think they're gonna get cucked.
It already takes years to evict some nigger that refuses to pay rent in Bongland.
You want to be mobile in a time like this, not tethered to a piece of land.

>> No.23160056

tfw make $200k a year, live in a new city wherever i want every year, never gonna buy a house, my only belongings are USD, LINK, SNX, and AAVE

feels bullish man. probably moving to seoul in january

>> No.23160175

>>23156202
Shut the fuck up whiteboi

>> No.23160342

>>23154719
then your government invites the rapefugees and your local population starts dying because none wants to have sex any more and you get sharia law and all the super-duper free market goes to shit and you lost everything

>> No.23160602

>>23159913
What are you talking about, nothing happens because the fed can eat the loss because they don't care, they only bought the securities in the first place to give liquidity. Investors in 2008 cared if they defaulted because then the securities tanked, the fed doesn't care if they default or not because they don't care if they get a return.

>> No.23160853

>>23152552
Wouldn't really be economics, but personal finance rather.

>> No.23160867

>>23156129

this. Especially right now, when Bitcoin alone is the easiest 10-to-100x in the history of mankind, buying a house any time this decade is insane. That downpayment could literally make you a millionaire in five years.

>> No.23160894

>>23152562
move to seattle and you can tent anywhere. also we don't have walmart

>> No.23160942
File: 18 KB, 939x668, 1598123914287.png [View same] [iqdb] [saucenao] [google]
23160942

>>23152476
Most people can't make a profit actively trading so for the vast majority it's smarter to just build equity in a house which typically increases in value and at the least shouldn't lose too much. Also, a lot of people borrow money against their house. Most people are stupid.

>> No.23160946

>>23152476
>Why not just rent and invest the rest of the money instead?
That would be the smart thing to do.
/biz/ is retarded of course.

>> No.23161095

>>23152476
OP, here is what I did.

In 2013 I put down 80k (well, my parents helped) on a house that was a little over 300k. The house is now worth 450k, conservatively. Getting your kids into a house is much better than a college degree these days.

>I could have put my money in SPY and made an 80k profit (minus income tax).

There is still a 200k balance on my loan. So I could sell for 450k minus the balance equals 250k (minus selling fees but income tax won't apply). That's 250k which is a 170k profit.

80k profit
vs
170k profit

I think that math is right. This is because I'm not throwing money away into rent every month, instead I'm basically being forced to invest in my house every month. 2013 was a great time to buy, so this won't always work out. DYOR.

>> No.23161120

>>23159913
>the federal reserve has over $1.5 trillion of mortgage backed securities on their books, what the fuck do you think happens when the market drops 5% and all of those people are underwater on their loans? surely they won't just default like they did in 2008 right?
they'll default but the fed won't push for recovery. or, at worst, housing temporarily crashes and then recovers like it did after 2008. are you retarded?

>> No.23161167

>>23152476
Renting is better if you never want to fix anything or deal with sudden expenses, or youre not sure if your gonna be staying for 5 years or more. Otherwise buy. When you sell if theres profit its 250,000 capital gains tax free

>> No.23161903

>>23156307
buying is better yes, but if you have low capital and you need to chose between gains and buying a home wouldnt it be better to rent like OP said and use what little capital you have to grow your capital before investing in a home?

>> No.23163098

If you have stable income over time your mortgage will be less than the cost of rent in the area you live. You can also live with roommates and have them pay your mortgage.

>> No.23163131

>>23152476
Because they read/write english on a 3rd grade level and dont understand the word mortgage is a death pledge

Mort=death
Gage=pledge

Theyre too stupid to go to law school and pay bills with their signature. Youll need red ink btw

>> No.23163205
File: 35 KB, 550x422, asdf.jpg [View same] [iqdb] [saucenao] [google]
23163205

>>23154386
>"NOOOOOOOOOOOOO I CAN'T BE RESPONSIBLE FOR ANYTHING"

>> No.23163508

>>23163205

Uh, yeah? Responsibility is inversely proportional to freedom. What you own ends up owning you, etc. Why else do you think debt stresses people out? It's just one more responsibility. Not to mention the value of free time, the truest form of wealth there is.

Liquid capital that generates passive income beats the pants off investments you have to babysit.

>> No.23163552

Because people who rent have bad credit or can’t afford to own a home.
Instead of feeling bad about it they lash out and double down on their flaws, making it look like it’s their choice to rent for validation.
It’s a battle of ego, and the renters lose every time.