/biz/ - Business & Finance

People like to know if and at what rate their property is increasing. Buying a home is not just a place to live but an investment.

>>23426046
That or rent out their homes to other people to make money.

>>23426046
that's a girl

If you live in it for 2 years or more you sale for no cap gains tax. Easy money for just moving your shit.

>>23426046
You must be thinking about Canadians.

>>23426196
because they're all low IQ like this poster.
The only benefit of your property value going up is that you get to pay more property taxes. At best you might keep some niggers out of the neighborhood.

If you ever want to cash out on your "investment", well obviously you're not going to rent a shithole and put up with overpriced rentals like some pleb. You're going to be buying an equally overpriced home. Your "investment" went up, but so did everyone elses, you're net flat. (not to mention you paid 270% base price on your 30 yr mortgage).

and you'd certainly be an idiot to try and profit off of moving your home frequently when you have to pay inspectors and realtors $10k every time you do it. Homes are not profitable investments. Literally can not cash out.

>>23426046
>Do Americans really buy homes and only stay in it for a year or two and then sell it and move and buy a new one?
>stay in it for a year or two

Fantastic way to get anally wrecked on capital gains taxes.

>>23426046
Australia is far worse

>>23426046
is that a young sait roof?

>>23426046
It’s something they can’t lose like a gold coin and it’s too illiquid for them to buy high/sell low like with day trading.

>>23426261
Correct

i want the property value to plummet in my neighborhood so millennials can buy houses too. americans are greedy assholes. if the property value of my house goes down 50 percent i would be happy bc i have no debt. only mortage cucks care about property value.

>>23428128
This. I rent and buy Chainlink instead of putting a downpayment anywhere.

>>23429173

>>23426046
Not year to year, but I bought my home for 350k in 2013 and sold for 550k this year. Did no appreciable work to it.

>>23426046
Because its an easy way to make money from something that we all need anyway. My parents built a house for 150k in 2005 or something with land today its worth over 1.5 million dollars and the neighborhood they live in is fast on its way to becoming an elite neighbourhood.

The house will probably be worth 5m cold by the time I inherit it. When they came to this area in the 70's nobody cared, it was just a little fishing village with lovely scenery.

>>23428128
>You're going to be buying an equally overpriced home. Your "investment" went up, but so did everyone elses, you're net flat.

The property market doesn't grow proportionately you imbecile. Theres plenty of undervalued locations that will moon in the future. It's like anything though, if you buy the trends you are buying the top.

>>23429255
Based. I make close to $200k and still rent cheap in metro Atlanta. If I do buy a house, it'll be to rent it out.

>>23428598
People literally do it all the time
Its asinine.
You have no idea how much fucking money a lot of these boomers have
I'm a realtor in a mid sized hot market city
I take calls all the time from people with more money than they know what to do with, that are bored as fuck
"My friend Rachel just custom built her house and she has water views."
"I want that too"
" I mean we've only been in this house a year but I really just want to custom build."

Its fucking stupid anons. I hate these people.