/biz/ - Business & Finance

renting is fine if you are young because you are able to move around and live wherever you want. after 10-15 years, however, owning a home is not a meme if you know where you want to live for the rest of your life.

>>25176276
fuck im 30 and still don't know where I want to live for the rest of my life

>>25176242
What about your wife and children?

das rite goy: own nothing, be happy.

>>25176290
That's your goal to figure out in the next 10-15 years

>>25176296
not happening
>>25176298
rent:600
mortgage:1300
+maintain it and replace anything that breaks
yeah id be happy with not owning my house
>>25176308
i doubt ill ever figure that out and ill prob stay here looking for something "better" forever

mfw condo master race

>>25176353
condo fees are kind of shitty though.
i did try buying a condo that was basically an apartment unit with a condo fee of 70/month but i had to have 20% because fha didnt work. kind of regret not just saving up to get a condo like that

>>25176242
oh yeh who wants equity, gimme that cuckshed apartment life on rona lockdowns

Because it beats paying some guy's mortgage

>>25176242
I'm 21 and I'm gonna be renting for another 3-4 years, after that my career and the state of the world will allow me to work from my newly constructed wooden house in the Hungarian hillside
Atleast that's the plan for now but to be honest with you, Budapest ain't half bad either I just want a big plot to grow some fruits

>>25176381
yeah im getting so much equity with my mortgage being more than double what my rent was

>>25176242
yeah except when the lease runs out and they can kick your ass out if they want to move in or sell it.

>>25176298
Holy Based

>>25176242
Holy fuck what is with the house FUD. YOURE NEVER GETTING MY PROPERTY NEVER SELLING

>>25176440
Rates are so low and with every payment the equity stacks up, then leverage it to get the cuckshed of your dreams and rent it out, but yeh If your mortgage is twice your rent was odds are you bought poorly

>>25176276
What if I want to move around for the rest of my life? I'm nearly 30 and have never lived anywhere for more than 4 years, including growing up.

>>25176773
my rate is 3.8%
my escrow is 60-70% of my payment
and I just got a paper saying it was underfunded for the year and that I'll owe 700 dollars or my mortgage is going up next year

>>25176242
>its too big for myself and I'm not paying less than I would with rent
So both of these issues has nothing to do with being a homeowner, but you making a bad choice, namely buying a house that is too big. If you had bought a smaller house the size would be suitable and you would have paid less.

And also even if you pay as much as rent now, that will end when the mortgage is paid off, while rent needs to be paid for the rest of your life.

>>25176242
In what faggot niggerville are you buying a $150k house?

>>25176814
When you are going to start a family for your wife and children's sake you will want to pick somewhere to stay. If you don't have or want wife/children then kys.

rentcucking will fuck you up in the long run unless you rent a small cuckshed somewhere and invest the rest of your money (all of it)
in reality most people will not settle for a small cuckshed appartment and you will not invest all your spare money long term

this is one of the few things boomers are actually right about, it is always better to own your house than to rent long term

>>25177084
house is 1600 sqft and I paid 170k. the escrow is seriously about 60-70% of my payment

>>25177116
Just like how my parents moved every few years for my entire childhood? Why would I want to lock my family into one place for 20+ years? That seems infinitely worse than exposing them to new places and experiences every few years.

>>25176344
Rent: never ends, can get kicked out, at the end you have nothing
Mortgage: eventually ends, when it does you have a home, cannot be kicked out for any reason whatsoever. You now own a piece of the Earth

when i make it i'm gonna adventure across the globe, sometimes in luxury, sometimes in rags just for kicks, writing poetry all the while, and eventually wind up an arms dealer in Africa. i'm the next Rimbaut only way older and way shitter

>>25177302

>he thinks property is a human right or something that can never be seized, as though we live in a video game or something

libcuck / concuck confirmed

>>25177327
>hurr everyone in the world is American
Sure, if your country enters martial law they can seizs your land temporarily, but I promise you'll have way bigger concerns then.

>>25177249
Don't know what sort of weird childhood you had but most kids prefer being rooted so they can have the same friends throughout their whole childhood rather than being the new kid all the time.

>>25177302
other anon is right, it's just another type of rentership from the state.. Property ownership isn't real.

>>25177327
>he has marxist power fantasies where he seizes private property
seething incel

>>25177393
Have you guys tried living in a country where property ownership is a real thing?

>>25176242
Then just rent it out you retard and move into your godforsaken appartment pod. Get some bug lasagna to celebrate your victory.

>>25177304
You should stop fantasying and actually learn a skill kid.

>>25177392
>Lol cuck, better pay your rent or you'll be evicted
>Pays property taxes

House with a mortgage is not an asset but liability. I recommend reading Rich dad poor dad.

>>25176242
Clearly it's much better to pay $1000 a month for a piece of property you will never, literally 4d chess move.
Now move in a pod goy and don't forget to give a 25% tip your landlord.

ITT: ass blasted idiots who can't afford a home

>>25177480
never own*

Shouldve bought a manufactured house then retard, cheaper than a usual house and better than most apartments plus no rent. Or go Ted mode

Just own your home, but be prepared to set aside 1% of the purchase price of it for expected maintenance costs. Hopefully no surprises

>>25177304
>implying you're ever gonna make it
Get a job, save up and have life experiences like you described. Spending an entire life like that sounds like pain, I'd be surprised if you survive 5 years

>>25176344
if you arent a lazy sloth and learn some carpentry and general home construction skills you buy a house that needs some work nothing major just enough to bargain with. i pay 900 a month in a house that i could rent out for 1600 a month. or sell for 40000 profit after the repairs i made. renting is a waste of money. i plan on renting rhis out and continuing the same process for the next 5 years and have a nice semi passive income stream and after 5 years of renters paying down the mortgages for me i will sell some of them.

>>25177635
no thanks nigger I already do enough work at my job I don't feel like doing more work when I get home

>>25177447

I have a degree, speak 3 languages, work a good job, have a quarter mil in crypto and I'm under 30. Tell me more though

the true redpill is buing a fuck ton of land, house should be a secondary priority (even a log cabin will do)

>>25177535

See

>>25177676

Also I've already travelled 30+ countries and slept with as many women. Inb4 larp

>>25177304
also a extremely respectable course of action

>>25177716

I see you're also a man of culture. If I truly next level make it I'll buy land in multiple countries

>>25177504
Where do I find manufactured homes? How does that process even work, I have to buy the land first?

Imagine owning a stupid physical property when you could just invest in REITs instead

>no maintenance bullshit
>no risk of losing it all because you didn't pay property tax (sure there's capital gains, but at worst you have to sell off some, you won't end up underwater)
>don't have to live in the same place for 8904859038 years, or let some rentcunts live in it and mess everything up in order to pay your property tax

>>25177695
Based. Buy a ton of land and use it as collateral for a mobile home. Then after you pay off your mobile home, let loggers cut down some trees, use that money from the loggers to build dream house

Why the fuck would anyone want to rent unless it was extremely short-term.
You're just getting fucked over the longer you stay.

Anon,s when it came to job-hoppong for better pay did the distance you travelled ever become a factor?

test

>>25177796
Yeah you can get really cheap couple acres for 20,000-40,000 depending on your area, and then afterwards you should be able to find a place in your state that sell mobile homes hopefully not too far. You might have to do some saving but once you get started you have land and just have to pay off what you have left which wont be that much

>>25178031
Thanks anon

>>25178031
Also like other anons said you can use land as collateral, if you’re smart you’re in the forest where nobody lives so you can get loggers to use them and pay you, and if you really dont give a fuck you can just get land with nothing on it or only a log cabin, just get land by whatever means possible.

>>25178076
You’re gonna make it anon

>>25176242
no concept of the future or delayed gratification, much like a nigger. not surprising. think it through, niggerbrain. one day your mortgage will be paid and all that's left will be property taxes and a minor upkeep (unless you utterly neglected your property over the past 30 years, like a nigger.) property taxes and minor upkeep are cheap. inflation-adjusted rent until the day you die is not cheap.

>>25176298
AI waifu?

>>25176242
So you can rent it out and make money with no effort? How could you ask such a dumb question?

>>25176242
I actually really really like the top one

>>25178095
I’ll try, I live near DC and the average house here is 700k. I think going west and buying land and then a manufactured home might be a better option

>>25177419
It's only real for a certain time, when the government changes your ownership means shit
Unless you're talking about a real homestead situation, in which your family has owned the same place for generations, built up stuff there, secured the property
That's the kind of situation where you can get other peoples involved to help you, where the amount of force and moral disregard to take the property is not worth it in the mind of your aggressor

>>25176344
more like

>rent: 1250
>mortgage: 750
at least where iive

>>25177158
I have a 90m2 appartment smackdab in city center next to the hospital i live with a 77m2 garden.
Im still a med student but save 2000euro a month anyway because im doing night shifts and sleeping on the job.

Am i doing it right bros? I have 20k saved and im going 50% dividend stock 25 monero and 25% btc. Is this based?
Long term plan is to set up multiple small businesses in morocco and reinvest in them to retire there @50yo

>>25179367
The rent for the app is 750euro monthly due to socialism ( i pay 50% taxes so dont think socialism works in any way).

>>25176242
Just rent out the rooms to college kids then, or sell it, you probably made 20k on it already or something.

>>25177635
what if he makes more than 18 dollars and hour and it's not worth his time to bang his thumb with a hammer.

>>25177165
Something is drastically wrong with your situation. Either your property taxes are through the roof or your insurance is ripping you off.

>>25179472
it's not very much work to do basic maintenance. If you have an actual project you need done that takes more than a couple hours to do, you can hire a carpenter to do it.

You guys don't seem to understand that the landlord is only taking a profit for his work managing your building. All maintenance and property tax costs are being passed to you.

>>25179367
You're doing it right except for the Monero part. Swap that for DCR and you get your retirement much faster

>>25176344
>rent: 600
Where?

>>25177459

You do realize renters are paying the landlords property taxes, right? I would much rather pay my own.

>>25177498
im a califag theres no way im buying a home here

>>25176242
It locks in your payment. If you rent, it will likely double over a 10 year period. If you own, the payment stays the same throughout the term of the loan. If you pay off early, your payment goes to $0. At no point does rent ever go down.

That said, broke people shouldn't be buying houses. If you can't afford 20% down and a 15 year note, you should keep renting.

>>25176242
god damn it FUCK THIS BOARD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

i make this thread but the opposite and get fucking banned in a minute but this stupid shit stays around.

>>25176290
Take the suburban boomer pill.

housing is the future. buy now or cry later.

>>25180433
>i make this thread but the opposite and get fucking banned
I feel your pain. I literally get banned here far more than reddit. Jannies are trannies.

just gamble on shitcoins, 5x your portfolio and buy a house with credit. Thats it, you have your own house forever with very small mortgage payments. Shit you can rent it out if you want

>>25176242
where are you renting that's costing you 4 grand a month

>>25179367
absolutely based
gmi

>>25176242
why pay someone elses morgage down the line, you're literally chucking yourself.
Once you figure out where you want to live buy your own property instead of living in a cuckshead apartment where you're trapped in a box while on rona lockdowns.
Bitch I want to have a backyard all to myself where I can do anything I want with it

>>25176242
>I regret buying a house honestly its too big for myself and I'm not paying less than I would with rent.

Then rent out a room. Hello money, goodbye regret.

i would rather pay 350k for a house outside a city then 150k for a house in a rural area. rural "living" is hell and youre literally just a hermit

>>25176814
If you can spare 4k a month then you can buy that 150k house in under 4 years

It doesn't matter if you buy or rent because markets are efficient. If buying a house was better, houses would just get more expensive. If renting was better rent would just get more expensive.

>>25179367

What night job? I work overnights on the weekend, but I don't sleep

>>25180952
Dumb

Why don't americans buy apartments? I don't understand your obsession with owning a two story house in the middle of nowhere. Yes apartments are less spacious but at least you won't have to drive half an hour (or more) to go buy some groceries

>>25176290
Remote job or rentier & comfy sunny island.

Imagine paying for someone else's house. Absolute retard

>>25179472
any competent contractor is charging more than double that. but i understand your point. i imagine you're a homosexual work from home web developer, and the thought of picking up a hammer and doing something productive in the physical world must be utterly revolting.

>>25176401
you're 21, you have no idea what you're talking about

>>25176290
Which is ironic because its basically over

>>25180659
$350k for a house on a an 8k square foot lot within ear's reach and eye's sight of neighbors with $4000/year property taxes that do nothing but increase 1-3% every year, sounds great. sign me up.

t. moved from a rural area to (((the suburbs))) and desperately wants to go back.

>>25179315
This

>>25180952
consider the following: you're a nigger cattle debtslave who believes in fairy tale bullshit like "efficient markets," a goyim slave born to be anally gaped by jews from birth to death.

>>25181092
You need to look for these gem jobs.
I work in nursing homes, the people who do night ahifts are security, reception or the actual nursing staff. Im nursing which allows me to sleep 2x3 hours if clients dont sperg out on me.
Security is how many NEETs do it. GL unless youre a jew, then kys.

>>25181415
Stfu schizo mutts have it right. Who the fuck wants to live in the city with a bunch of niggers and their mutt offspring?

>>25176368
beats yardwork, roofing, paving, and painting

I don't have time for that shit

>>25181415
(((HOA))) and (((condo))) fees which can be as much as your mortgage. they can arbitrarily decide to raise your fees and you have absolutely no recourse. if you refuse to pay them they can and will put a lien against your condo/apartment, and forcefully take it from you. also the only people that live in condos/apartments are niggers, spics, single mothers, and young people, all of which are loud and obnoxious as fuck. who wants to """buy""" a property that you have to make perpetual HOA/condo fees on, that shares a wall with obnoxious poor people that are loud as fuck?

I'm glad I own a house and I would never voluntarily live in a cuckbox hive but home ownership is it's own brand of nightmare sometimes. Shit is constantly breaking and needing to be replaced and you gotta learn how to do shit yourself if you wanna keep up, and even then it's going to end up taking a lot of your free time.

>>25181153
>>25181784
Enjoy your basically worthless house in the next real estate crash while we master race renters just don't give a fuck.

Monday I'll be paying off my mortgage.
>only need to pay annual property tax
>never have to think about a roof over my head again
>yes it has a new roof also
>ownership = equity
>so much room for activites

>>25177393
that was me. I was the new kid.

>>25181415
Someone post the picture of the sojack with an empty head and a plane going through it.

>>25178217
you've taken the land ownership pill.. you're a smart anon

>>25181415
Everybody in America hates eachother. No one wants to be around other people. We've all been thrown into a blender and desperately want to re-tribalize somewhere remote where we can just look after our kin and not see another soul.

Everywhere that is where I want to live and is also conveniently cheap has dogshit internet.
I want to have my cake and eat it too.
It's not fair.

>>25182252
you're still not understanding it, niggerbrain. fixed mortgage payment (principle and interest) will be cheaper than perpetual inflation-adjusted rent payments.

$400k @ 3% for 30 years = $600k total payments + $120k tax payments + $70k upkeep/maintenance = $800k total expenditures after 30 years.

a $400k house in the suburbs of a city will likely rent for $1750/month or $21k/year, increasing 1-2% each year, indefinitely. let's just bound it to our 30 year mortgage term and call it 1.5% inflation, or $800k in total payments.

you're breakeven. now the homeowner just has to pay taxes and upkeep/maintenance. you're still paying that inflation-adjusted $1750/mo rent in perpetuity. possibly much more if rents are driven upward by local real estate trends. unlikely to be less as rents rarely go down, even in housing market crashes.

>>25182449
give it another few years and do the starlink meme. it's not as good as wired internet but it's better than shitty 3 mbps ADSL or conventional satellite internet.

>>25181665
I am not a faggot, but yeah I don't want to waste my valuable time and destroy something trying to do peasant work as my talents lay elsewhere.

>>25176353
>Condo Master Race

The dum shit investments on Biz don’t even surprise me anymore, but congratulations anon you have surprised me once again

>>25176242
in USA you will pay home insurance that is 2-3x european prices, property tax is calculated by annual price of home combined with land price. In europe the property tax is 50-80% smaller because it includes only land price

So in Usa, it's not much different to rent or ownership, in europe it's good to own usually.

>>25182515
If it turns out to not be a total fucking meme I'll be so happy. Just want to live in a modestly sized home on the very outskirts of society, somewhere cold with windswept grass and a dead quiet sandy beach.

>>25182481
oh and i conveniently left out the equity after 30 years of mortgage payments. you can pretend it doesn't exist like a coping rentcuck, meanwhile the homeowner will likely be sitting on $400k that has appreciated 1-3% every year for 30 years.

>>25182611
i hate the cold but that sounds comfy. great lakes maybe?

checked btw

>>25181712
A mans life doesn’t start until like 35

>>25182674
I live in Australia but the Great Lakes look very nice. Sadly property here is a crapshoot thanks to it all being owned by the government, China or boomers and is ridiculously overpriced so I'll probably never be near a beach anyway.

>>25182780
>I live in Australia

at least you're part of the master race then. you can go live innawoods like your countryman primitivetechnology

>>25176242
How do I even buy a house? What’s the process like? Why isn’t there a sites that Let’s me buy online? Why is it so complicated? I just want to click and buy one.

>>25182755
I have to come to biz to learn this wisdom because i have no father.

>>25182831
The woods here are spooky, the snakes and spiders aren't a meme. I've seen with my own eyes lots of both that could kill me. Wish land wasn't even more retardedly expensive in New Zealand, they have nothing of the kind.

>>25182859
because home ownership in america is a scam and the process is filled with dumb roasties. Women love paperwork and bureaucracy...real estate and government is filled with women.

Buy Land and build your own home on it. Or buy a home in another country. Fuck america..honestly

>>25182859
there are tons of sites and apps you simpleton. realtor.com and zillow right off the top of my head but those are entry level.

if you want my advice though, you're not gonna find the best possible deal listed on some popular app. the trick to really making it in buying a home is to find someone who knows someone who's trying to sell quick and below market value for some unique reason. i got my house at least 50k below market value because the owner already bought his new house elsewhere and needed to not be paying two mortgages at once. of course this requires having some sort of social circle and network so that these sorts of off-the-books deals actually reach your ears

i plan on trying something like this again within the next five years. by my calculations the earliest boomers will start to turn 80 years old or so during this time and will start dropping like flies, and hopefully their kids / dumb millenial grandkids will start selling their empty houses. of course they'll all need updates and renovations to remove the horrible permanent 60's era boomer decor but i'll deal with it

Holy fuck, so many clueless, coping rentcucks ITT
>not realizing they're paying a mortgage too, it's just their landlords mortgage
>not realizing land is a scarce resource
>not realizing that Fed literally CANNOT significantly raise interest rates without the US defaulting on it's debt
>not realizing that this means property prices will inflate endlessly while the purchasing power of the USD decreases
>not realizing that your 30 year mortgage payment will be the same since it's a fixed rate and that the dollars you use to repay it in the future will be worth less and less, essentially lowering the cost
>not taking advantage of sub 3% rates on fucking 30 yr mortgages right now
>not building equity (wealth) in your own property, instead paying to build your landlords equity
>not being able to write off property tax on your tax return
>not being able to make changes and improvements to your home as you see fit that will increase the home's value more than what you spent
>not capturing the constant consistent appreciation your property gets
>not realizing you're not locked in for the entire duration of your mortgage and that you can sell and cash out your equity or just rent it out and move somewhere else
>not leveraging your equity as collateral for a home equity line of credit or cash out refinance to buy rental property
>not receiving cash flow and appreciation on said rental property while writing off all expenses except mtg principal including interest, repairs, depreciation, management etc.
>not realizing property tax assessments are typically much lower than the market value of your home
>not being free from having to share a wall with noisy obnoxious neighbors
>not being free from restrictive leases

Tl;dr y'all are NOT GOING TO MAKE IT

>>25177459
>my landlord would never pass the cost of property taxes off to me in my rent
Nobody is this fucking retarded right?

>>25176242
You shouldn't buy a house just to live in it. Your wasting your money that way unless you think of the payments as going to a "savings account" called a house. You should only buy property that you plan on renting out to other people. If the mortgage payment is higher the what you can rent it for then its a bad purchase. Im landlord with 16 tenants, managing 1.2 million worth of propertys.

>>25183482
Lmao they actually think their landlord is losing money to rent to them hahaha
>I'm not paying property taxes, im a rentcel!
>I'm not paying for repairs, I'm a rentcel!
>I'm not paying to put profit (cashflow) in my landlords pocket! A mortgage payment is more than my rent!!

>>25182252
>2016 HOUSES ARE GOING TO CRASH
>2017 HOUSES ARE GOING TO CRASH
>2018 HOUSES ARE GOING TO CRASH
>2019 HOUSES ARE GOING TO CRASH
>2020 HOUSES ARE GOING TO CRASH
>you are here
>2021 HOUSES ARE GOING TO CRASH
>2022 HOUSES ARE GOING TO CRASH
>2023 Houses crash 20% leaving home owners with gains, still kind sucks but should recover and extend gains
>Retarded anon, “SEE I TOLD YOU HOUSING WOULD CRASH MORTGAGE KEK”

>>25183301
Nigga, I don't have 50k for a downpayment.

I want to travel the world and pop some pussy at the bar now !!!

>>25182154
>gotta learn how to do shit yourself
Any self respecting man should be learning the things required to maintain a home anyway.

>>25176242
I'm only going to own a home I built.
Too many ugly ass McMansions and cheesy "lux" villas where I'm at.

>>25183535
Isnt it murder to get all your tenants to not destroy the house and pay rent on time?
Do you prevent losses by demanding renters to show proof of employment and no niggers?

Just house hack bros. Have the equity in the house and live /comfy/ while some goy pays your mortgage.

>>25182526
>trying to do peasant work
what do you do? if it's programming or some other thing where you sit in front of a computer all day and no one reports to you, then it's literally beneath peasantry.

>>25176242
test

>>25183743
Just buy an old stone mansion from old money whos drugged up child cant afford the property taxes on so he had to sell.
Always profit from other peoples misfortune never pay premium.

>>25183871
Oh god another newfag enter the board

>>25182526
I can smell the onions through my screen.

>>25176242
How are you not paying less? If you're talking about paying off your loan, then that's party money you're giving yourself if you'll ever sell the place. And if the place is too big, then sell if and buy something smaller, buy an appartment even.

>>25183607
Home price indecies are not like stock indecies, every repairement penny that is poured into houses goes into the index price without discounting. Even darn Shiller who is not that brilliant argued for this and showed why price indecies for homes are not really accurate of real returns

>>25183660
You can save up for a 3.5% down payment and do an FHA mortgage. You can if you're smart and disciplined enough. Since you called me a "nigga", I doubt you are though...

>>25182280
BASED. Congratulations brother

>>25183535
ABSOLUTELY BASED. Also 100% correct. Never fucking sell, just make improvements that will increase the quality and longevity of the property and bring it to rental grade. Then move out, buy another primary residence, and rent it out and receive all the glorious cashflow, tax write offs, and appreciation. Congrats on amassing such a large portfolio. I hope to be on your level someday fellow propertychad. Cheers!

>>25176242
Rent where you live, buy where you can rent.

>>25183301
> actual investment logic on this board
Color me shocked.

>tfw bought a house recently and still have 4.5 BTC which keeps growing in value

You having fun in your apartment and your 0.1 BTC?

>>25176353
what do americans means by condo?

>>25181415
Living in apartments in cities puts you near health risks due to pollution, poor sleep due to traffic/cars beeping/loud neighbors. A home far away from car and factory pollution in a nice suburb or countryside is ideal for comfiness.

>>25176290
My dad was in the military and I've never stayed in the same house for over 2 years.
Even now as an adult, I get extremely queasy if I have to stay in the same place for more than 2-3 years
What do I do bros? Can't be a fucking nomad.

>>25176242
Okay golem

>>25184203
A condo is basically an apartment that you "own" instead of rent. Not the whole building tho just your slice of it.

>>25177302
>cannot be kicked out for any reason whatsoever.
Lies.

>>25183971
If you actually think you aren’t paying to repair your apt I have a bridge to sell you. The real advantage to renting is how easy it is to up and move for better employment. If you plan to be in the same job/area for 5 years buying is just better.

>>25176242
>why does everyone give a fuck about being a homeowner
Homes are for kids. What kind of psycho buys a fine alone

just get a mortgage and rent your house out for profit bro! only takes 10 years to make a profit, what a great deal, u got equidy!!!!!!!!! u could be making 200 a month bro!

>>25184117
I'm just trying to spread the real estate pill. So many ppl on here with $500k in shitcoins that don't know the ways they can compound the fuck out of that money and save a shit ton on taxes in the process.

>>25184806
>he thinks it takes 10 years to make a profit
>he doesn't know you cashflow on day one and appreciation/equity is icing on the cake
NGMI

>>25183875
Where do I find these people

>>25176242
People buy houses as hedges against inflation. The idea used to be that they would own a house, and if there was inflation, then the house would go up by about the same amount.

Unfortunately, they didn't count on local governments jacking up taxes by 10X the rate of inflation. Which is why California's voters finally said "fuck it, we're capping your rate increases" in 1978 with Proposition 13. So far other states haven't managed to do the same, sadly.

California blames all of its tax problems on that, but the reality is that if the state had just lived within its budget, it would have been fine. It's the rampant "we love our illegal aliens and want to give them free benefits for jumping the border" that is causing hospital bankruptcies and the exodus of productive people and businesses and so on and so forth.

>>25183301
>not buying a piece of property and renting it out
>then getting fucked by the renters not paying rent
>then getting double fucked because the government said EVICTION MORATORIUM
>then getting triple fucked by having to pay the mortgage out of your own pocket until you're penniless
>then getting permafucked by the bank foreclosing on the property
>then getting long-term fucked because the city and county demand that you repay the property taxes you missed paying on
yeah property ownership sounds like a bargain

>>25184332
Buy land and travel between your land parcels. Take the land pill. Land equity is better than home equity. Land also has natural resources above and below ground you can sell. Land property taxes are also dirt cheap, you can write off most of them

>>25185046
>doesn't know that you can get forebearance on your mortgage if your tenants stop paying
>doesn't know that tenants legally have to prove they cannot pay rent due to covid related loss of income under the terms of the eviction moratorium and that it does not give carte blanche to every tenant in america to just like stop paying rent lol

I have two tenants and neither of them have missed a single month of rent this entire year. Still cashflowing, still building equity, still writing off depreciation, mortgage interest, and all repair expenses on my taxes, still D.R.E.

>>25180394
Anon I. You should have buye'd early.

>>25185199
fucking based

>>25183865
t. coping peasant

>>25179367 You should consider KDA over XMR thou. Good luck anon.

>>25184415
>A condo is basically an apartment that you "own" instead of rent. Not the whole building tho just your slice of it.

>>25176353
Apartments with hoa fees?

>>25176353
>>25176368
>>25179367
>>25179404
>>25180394
>>25181415
>>25184252
>>25184415
>>25185046
>>25185982

Living in a hive with 100's of microwave transmitters (wifi routers) blasting out radiation 24/7 a day with possible cellphone masts on your roof. Enjoy your painful death and sterilization, goy. Very intelligent and well-informed goys on this amazing board I see.

>buy an apartment
>noisy neighbours can terrorize you as much as they want and there's nothing you can do about it
lmao citycucks should get killed

All these suburb copers with no lives lol. If you want things like varied food options, sport specific gyms, night life or access to medical services the city is way better.
If you have money obviously buy land because its the better investment but hating on city life is something only autists with no social lives do.

>>25176353
>worst of both worlds

>>25186116
imagine being afraid of the wifi

>>25186116
are you afraid of the vaccine as well, retard?

>>25176353
Are we talking like a downtown Miami type condo? Or more of a suburban Witchita type condo?

>>25186899
>>25187464
This board is infected with reddit zombies.

Im looking at new construction houses in a decent midwest suburb adjoining a smallish/medium sized city. They literally are like apartments now, about 1100-1400 sqft, small yard, and $290,000.

Meanwhile boomers refuse to sell and when they do their houses are shit. Like wallpaper, random shit shower in basement, laundry machines in kitchen etc.

>>25187626
Hi glow nigger! Thanks for confirming I’m right, how nice of you to devout time and money shilling!

>>25186899
>varied food options
Learn to cook retard
>sport specific gyms
Just build a home gym lol
>night life
I'm not 20 anymore
>access to medical services
Do you live in rural Africa?

>>25187700
likewise you braindead retard

>>25176353
>HOA fees
>sharing a yard with niggers

hard pass

Bought a flat from my link gains. I kinda regret not just staking it as LP but then again i never would have thought id be an actual millionaire (not after taxes rip) so i dont regret swlling 80% of my link stack. I still got more in crypto than what is considered making ir by normalfags and poors.

>>25187736
>likewise you sirs!
>brown id
We got poojeet glow nigs now?

>>25186899
better than to cling to everyone else for your kicks. city life is for those who cant cook and cant think for themselves. close nit community over bug brained apathetic city dwellers its not autistic its just better living.

>>25181415
im not americuck but i want to listen my music on high volume and do whatever the fuck i want whenever the fuck i want without consulting neighbours

>Just build a home gym lol
yeah let me just invite everyone to my house everytime i wanna play soccer or basketball or swim or rock climb or train mma or do anything sport related other than lift and run
>Learn to cook retard
Cooking is a skill every man should have yes but who doesnt want 5 star meals delivered in 20 when you're drunk/high/tired especially if you can afford it?
>I'm not 20 anymore
When I'm old of course I'd prefer my own land where i can hang with my senpai and endure less noise. But if you ARE a young guy why tf would you want to live 40min from everything? You wanna live in your empty house and only ever see your retired neighbors and the uber eats guy? cmon now. If your answer to this is unironically yes, then good luck.

Landlord here.
>Property 1: £180 mortgage, £600 rental income
>Property 2: £350 mortgage, £900 rental income
Please keep renting, anons

>>25177165
buddy stop trying to keep up with the Jones and live below your means until your shitbox is paid off.

>>25176242
Retard

>>25176569
Topkek

>>25182449
https://acregator.com/properties/10-acres-with-incredible-views-10_0-acres-for-sale-in-washington

cheap, good climate and 100mbps down

>>25177302
>property tax
>township laws and neighbors force you to mow lawn
>state increases property tax to 3%

happened to me in NJ...

Buying land > buying a house. Don’t fall for the house Jew.

>>25177249
kids that move frequently have a higher rate of mental issues and drug use than average.

>>25176344
You’re living in a shithole if rent is $600. Even $1500 doesn’t get you anything to brag about these days.

>>25176242
>I regret buying a house honestly its too big for myself and I'm not paying less than I would with rent.
>I'd rather just live in an apartment again
When you repost this thread could you rewrite it as something less retarded?

>>25183301

renting vs owning depends on the situation.

but yes it's preferable to own; i just bought a house in the USA for 225k, using 25% downpayment. I'm going to invest 2-3k to replace carpet with laminate, and rent out to a nice family for 1600 a month, probably $2-300 cash flow, in an area with 8/10 in Great Schools ratings. I will repeat the process 4-9 more times, until I have 16,000 gross revenue and $8,000 profit net per month due to having rich parents who will float me a large capital amount when I get married.

I also drive a relatively shitty car, and buy all my goods autistically through amazon. Then I will use my cashflow to travel the world just like Kiyosaki's game Cashflow or that other game on Steam Timeflow.

>renting
I own 20 acres of desert land and I'm gonna fucking live in a goddamn RV.

>>25177480
Get a load of this cuck. Ask the Soviet peasants how their "ownership" worked out after the revolution. (You) are the kulaks now.

The equity is a fucking meme. Once this bubble collapses housing prices are gonna crater. I own my own home and it sucks. One furnace breakdown, or burst pipe away from a 10k repair bill. Appliance takes a shit, fork over 2k. Its nice owning your own shit, but i will say that renting is a lot easier when it comes to financial planning.

>>25191189
Just learn carpentry bro

>>25190784
Based

>be me
>Get high paying job in sillycuck valley
>Choose between selling all my LINK for a down payment on an overpriced boomer shed or renting and letting my linkies appreciate more

>>25183301 this anon has it right but I chose to rent in my specific situation. because of covid, many of the mass produced OSB commie blocks around here saw a sudden drop in demand and were offering 1-3 months of free rent.

I can't wait till LINK pumps again and my lease is up so I can buy my first house. Even if it is in California. I'm 31 and from Florida btw

>Own Duplex
>Mortgage is $600
>Charging tenant $830
>Living rent free and turning a small but consistent profit
The idea of renting is absurd to me at this point

>>25177304

Lol based

>>25190420
got any resources on good land to buy? it seems more sketch than buying a mobile home or rv. im interested in a curated list on sought after land. doesnt have to be america.

>>25176242
Having a home is worth it only if you have a family

>>25176242
https://cryptokek.com pre-sale ends in 3 days. 15% extra tokens upon buy in, info here: https://blog.cryptokek.com/cryptokek-seed-funding-has-started/

look anons who own homes, we all know you are right. the issue is, 99% of biz is poor fags. the reason why anything gets fudded on 4chan is because anons have to contrarian to prove they are A. smart and B. because they are fucking poor.

>>25192234
100% correct. Rentcel posting comes out of a coping mentality

>>25192020
Landwatch.com and youtube.

>>25181415
Living in a apartment sucks.
>Have to deal with faggy neigbours complaining about music or your younger siblings running around the house
>Little room
>Can't spray shit
>Have to pray your neighbours don't accidently set their kitchen on fire so you don't end up being like a grenfell victim
t. live in one

>>25180429
>If you can't afford 20% down
If people followed this advice almost no one would have a house today considering that's like 40k to 60k for a house. Nobody fucking saves that much dude

>>25177249
>That seems infinitely worse than exposing them to new places and experiences every few years.

what is traveling
what is are family activities
what is boarding school

>>25192234
True. Most people are frustated poor people.

>>25191683
>duplex
>$600 mortgage
How is that possible?

>>25189922
it's pretty clear you don't know what escrow is
I can't change high property taxes
I searched for the cheapest property insurance
yeah I guess I shouldn't have done FHA so I could've avoided PMI but whatever

>>25181712
>t. clueless 18 year old

>>25184528
This is cope. My home owner friends have gotten hit with repair bills up to 80% of my yearly rent while paying more per month on their mortgage.

I’ve never paid for a repair a single time while renting, even if it’s baked into the rent pie, it’s spread out over hundreds of people and still comes in under a typical mortgage payment.

>>25191631
Flipping post moon LINK gains into real estate is THE move. Hope to do the same.

>>25193296
Probably a large down payment. I put 40% down on my house and only pay $900/month with principal and interest.

>>25178031

Couple of acres isnt as much as you think. It is ~834.84 feet square. You have to have at least 25 before the land itself becomes enough of an asset to live off of. The perimiter of 25 acres is ~4174.2 ft. Best bet is 50 acres (perimiter slightly bigger than a mile).

>>25176242
>Sure I've got equity but can't say I give a fuck
Then you have no concept of money and are NGMI

After working nonstop and living with parents I have a good down-payment saved up.
I recently contacted my bank (chase) to ask about a mortgage. I have very little idea about the order of all the steps involved. At what point do I get a real estate agent? Can I keep looking on zillow or does my agent just show me houses? Do I need to hire a lawyer? Even youtube videos don't seem very clear.

>>25176353

>>25194852 Congrats anon.

First get approved for the mortgage, then find an agent. Agent will set you up into MLS system which is more reliable than Zillow. Also make sure you get a good one, that can negotiate for you. I had to back out of a home after post inspection and my relator got my earnest money back.

Why the fuck would you hire a lawyer to find a home? Are you retarded? The realtor handles all the paper work for you.

>>25195010
Thanks for the congrats, every penny I worked for. How should I find a trustworthy agent? I don't have any connections. I know that when you close or maybe some other parts you need a lawyer. Do I hire one or the realtor does that? Does the realtor hire the home inspector?
Every guide I've seen online skips these details and only gives a big picture

>>25176242
Just buy land and build a comfy cabin. Luxury houses are a meme. Having land adjacent to a national forest or friendly neighbors is freedom like no other

>>25187703
I think he means stuff like indoor climbing or equipment that's pretty cost or space prohibitive to own. Have you ever priced out a leg press or pretty much any gym machine? I don't use them or need them, but some people want them.

Rent costs more than a mortgage payment.

>>25176242
rent out rooms in it then it is one of the best investments you can make

what salary do you need to buy a mortgage? I have a comfy job, but it only pays $50k.

>>25183971
What's your gripe with robert shiller?

>>25177078
>Chad Wojack but also pink and seething
>white smug face mask
This shit is confusing.

>>25176242
nice blog faggot

>>25190318
God I wish I was American.

>50k to my name and live with my parents
>Have a job and can probably find a new one >relatively easy with covid
>Hate the city, seems likely working from home could be a permanent option
>30 yrs old
Any advice guys?
I have 25k in crypto but I want to let that ride.

I really want to fucking move out, rent is retarded high and so are property prices where I live (city). Do I buy rural? Rent rural and look at buying in a few years?
Any advice will be appreciated.

I'm 32.

I own 2 homes and a duplex.

First home, I own 60% of now, bought at 24. Mortgage is 1k a month, I charge 1800 and never had a lapse in tenants. Money goes back into the house / other investments.

Duplex was purchase when I was 29, in the city. Mortgage is 3k a month, both sides are rented out for 2.5k a month. 27% owned.

2nd home is mine, 2k a month mortgage. Bought it two years ago at 30. My wife and I live here. It'll be our home for the next 10-15years at least.

I don't make much, if any, money on my rentals, but they pay for themselves in maintenance + build me equity. They are in pretty decent areas that are building out fairly quickly and are appreciating more and more in value each year.

Renting, over owning, is fucking retarded if you are planning on sticking to an area for 8yrs or more / housing is available to own.

Also, open to questions on potential future home owners / investors.

>>25197100
Where did you learn to do this? And resources you can recommend? Was it daunting stepping in?

>>25192660
> mfw I have 200k in the bank and have bought and sold 2 properties

Just waiting for the next opportunity to come along

>>25195943
>leg press
>gym machine

cringe DYEL, kys. All you actually need is a barbell, plates, rack, bench, and a horse stall mat. Maybe a pulley you can attach to your rack if you really NEED to do some form of cable row (you don't)

>>25176242
>its too big
Buy a smaller one.

>>25197207
Not true

>>25176242
The Jew fears the high home ownership countries and multigenerational household

>>25197100
My much richer friend tells me if I make it with Bitcoin I shouldn’t pay off my mortgage. The logic goes, the bank is lending me money to invest in an object that appreciates faster than the mortgage interest, ergo keep that deal, keep the bitcoin profits and let that money work for me, too.
I can see that perspective, otoh I am not the wolf of wall street. In my view, paying off my mortgage equals an investment that pays what I pay the bank yearly in dividends, and I am unsure I could find an equally good deal in the stock market.
What is your opinion?

>>25197136
Trial and error mostly.
I had a decent job when I started, like 70k a year, and noticed that people in far worse situations were able to afford owning a house. Like, people making 50k were somehow able to put their entire family in a home on their income alone. So, I dug into what mortgage rates were / rent was in certain areas in the city I'm in. Owning a house, monthly, is a lot cheaper for a LOT more space than renting. So, I got a home loan for a house and put it up for rent for the mortgage rate + 35% ish to cover maintenance and whatnot. Whatever I didn't use for maintenance for the year / upgrading things I put back into the principal of the house. After 5 years, I refinanced it to get an even lower monthly rate so I can make more off the monthly rent. And just kept going from there.

>Was it daunting stepping in?
Not really. If I failed to list it as a rental, the mortgage on my first home was less than my rent. If I couldn't list it, I'd move into it. What's great about owning a home is it's much harder for a bank to foreclose your house than it is for an apartment to evict you. Much more predictable too.

Also, when Covid hit, I was able to throw all my homes into mortgage forbearance (meaning i didn't owe any monthly on any property). I only charged my tenants what I needed to cover maintenance / insurance / other fees at the end of this year (which came out to be 1/4th of their usual payments).

>>25197516
* equals an investment that pays in dividends the same amount I pay my bank
(Hope this sentence makes sense after reworking it)

>>25197527
Nice man, sounds like a good scenario.
I'm guessing you bought in a similar area to where you live, since you were willing to move in if all else failed? Or did you go for value location and would have just sucked it up?
I feel my best option now is still to rent and save more, then basically do what you did with a decent down payment. Til I can avoid lenders insurance basically.
Do you invest any money in crypto or stock market? I DCA a percentage of my paycheck into both which I feel will have to stop once I get out.

>>25182922
pussy

>>25182154
>you gotta learn how to do shit yourself if you wanna keep up
You mean you have to be a fucking man?
god this site is full of childen

>>25182449
Fellow Aussie, shill me these cheap places with poor internet pls. Bonus points if near beach or bush, I don't care which one. So long as you don't mean the fucking dessert.

>>25182154
I love fixing shit up. Kept my car running for a long time doing all the repairs myself, learning from the internet. Gives me a sense of accomplishment.

>>25189519
Kys

>>25197983
I'm the same when it comes to inside homes (tradesfag), but leave car stuff to my mechanic. I only know basic shit like jumping the car and changing the tires

What kind of repairs should I know about for basic repairs (ie what goes wrong the most)?

>>25196923
>chad wojak
That's nu-jack you fucking normie.

>>25176290
Buy a large farm, grow weed on ur farm.

those who own homes or strive to own a home either grew up in one or fell for the meme, it's really not that great, instead of a debt slave you're a home slave (assuming you're not doing a mortgage for 20 years already)

>>25194314
>That pic

Top fucking kek

>>25197949
I almost bought an acre down Tassy way for 20k but someone snapped it up. Just needed clearing and it was prime. Just jump on realestate.com.au and open the map then sort by price and look at anything coastal.

>>25198444
20k AUD for a coastal acre? So if u bought that u could put a tiny home on wheels to live in and pay no property taxes doing so?

>>25198258
I just look up shit when it goes wrong desu, probably over hyped myself there.
Changed the alternator, thermostat and drive belt, replaced some tubes and just service it myself. Replaced battery and tires a couple times. I get the mechanic to have a look over when doing rego incase I did something retarded.
I'm an office cuck who failed metalwork and woodwork. It's all troubleshooting then just finding the right guide and parts online. Maybe a bit of muscle to deal with cunty bolts and shit.
My car is old so if I fuck it up then I'll buy a new one. Til then I enjoy playing mechanic.

>>25198444
I was considering Tassie, good surf and nature. All I want. I've never really looked though.
Also this guys question >>25198491
Since tiny homes are kind of grey zone, I didn't want to fuck myself into buying something with no build laws then get told to fuck off when I decide to live on it.

>>25197774
I work remote so it didn't matter to me if I had to move.

Im youngish still and invest all the money I don't need into stocks and crypto. I have for the last 6 years.

>>25198491
Wasn't coastal sadly, but otherwise it fit my bill pretty well, satellite internet just made me hesitate.
>>25198569
Yeah council regulations can be aids. There are some very nice little prefab homes that you can just throw on a slab, but they're not a proper house.

>>25176290
Same here. I get so sick of the places I've lived and getting tied down to a house that I may or may not be able to actually even afford scares me. If/when hyperinflation happens homeowners are going to get raped by property taxes so if you believe that could be a thing just keep loading up on bitcorns, /pmg/ and swallow another rent pill in preparation.

>>25199130
Makes sense, I think I'll be pressing my employer to make work from home a full time deal in the new year.

>>25199269
Is that legal? Or is there a way to get approval for something of that sort?
I really don't want to up and move my whole life only to be cucked by some council faggot.

>>25199417
Pretty easy approval for a prefab yeah, they wouldn't sell ones that wouldn't unlike the sketchy "tiny home" market. Could always send them the plans for it before you buy the land anyway.

>>25199531
>Could always send them the plans for it before you buy the land anyway.
Yeh true, but I thought any non building property you couldn't stay on for over 60 days?
I probably need to do some more reading on this shit.

>>25199575
Google what a prefab home is my man, they're permanent structures. Can be had super cheap but there are some nice ones around for more.

>>25199621
Will do, thanks mate. Sorry for what are probably dumbass questions kek

Only one place to live, brothers. The Caribbean paradise called Puerto Rico. Full US citizenship, no federal income tax, and no capital gains tax.

You know you're going to get taxed for half of all your crypto gains unless you move to Puerto Rico right?

Most beautiful beaches in the world!

>>25176242
I'd prefer death over living in the countryside. Seriously you guys are fooling yourself, beliving some shitty /pol meme