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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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28755845 No.28755845 [Reply] [Original]

>29
>own condo
>100k in savings/investments in diversified portfolio
>live in canada
> hot trad gf soon to be wife

have i made it yet?

>> No.28755867

>>28755845
>live in canada
it's over

>> No.28755873

>soon to be wife
ngm

>> No.28755967
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28755967

>>28755845
>own condo
>own
>implying

>> No.28756013

>>28755845
Condos are the WORST POSSIBLE real estate to own
Terrible return. Insane upkeep. Shit tier apartment credit rating a deposit required.
You’re a fucking idiot.
Source - own 4 rental homes.

>> No.28756051

>>28755845
>>live in canada
>> hot trad gf soon to be wife
your life went downhill quite fast exactly there.

>> No.28756117

How to get a hot gf?

>> No.28756169

>>28756117
>be handsome or insanely wealthy
>don't ever not be handsome or insanely wealthy

>> No.28756174

>>28755845
>Canada
Globohomo will destroy you anon

>> No.28756177

lives in Canada...thinks he has it made...lmao

>> No.28756180

Decent but why the hell would you pay cash for a condo when you have so little net worth?
Hope you have a long term fixed rate mortgage and invest more in stocks

>> No.28756350

>>28755845
>diversified
ngmi

>> No.28756393

>>28756117
Understand women don't care about appearances as long as you aren't a toad
Understand women want to be with high value men that are perceived to be valuable by other women
Don't give a shit about women or simp for them
Do your own shit and win at it

>> No.28756490

got the condo at a really low price with low condo fees . worth easily 20% more than what i paid one year later as the area boomed quite abit.

may sell it in 2-3 years for bigger house in a more rural place away from big city life. maybe then i will have truly made it

>> No.28756528
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28756528

>>28756180
>boomer housing market is sane
>boomer equities market is sane

>> No.28756534

>>28755845
>trad gf
>Canada
Fucking your dog is not traditional

>> No.28756597

>>28755845
>own condo
you won't make it until get out of the city and buy a sizable chunk of rural land.

>> No.28756638

>>28755845
>how do you know when you've made it?
When you aren't visiting this place anymore you dumbass

>> No.28756660

I think if you don't have 100 acres and self sufficiency set up you haven't made it

>> No.28756668

>>28756528
Not sure what you mean mate.
I think someone is better off with mortgage at 2.5% and investing their money than paying cash for a home.
Mortgage is great because I think inflation will break 3% next 3 years so basically free money aka negative interest rate borrowing.

>> No.28756735

>>28755845
>trad
>hot
HOW? How do you got trad gf with 10/10 body??
All trads I know is as skinny as Skyrim draugr

>> No.28756770

>>28755845
>Canada
ngmi

>> No.28756814

>>28756013
>homes
worst possible invement. YOU HAVE TO PAY TO OWN THEM.

Seriously what other investment requires you to pay a yearly bill to the government FOREVER (property tax) ?

The answer is no other investment does because homes are not investments their something you live in.

Real Estate is an investment for people who are bad at calculating compound interest.

>> No.28756824

>>28756117
read HxH

>> No.28756835

>>28756013
>Terrible return. Insane upkeep.
Literally no upkeep at all for me. $250/month fees all in with indoor pool and gym, underground garage, elevators, waste disposal, pest control, central heating, etc. Also being in the middle of downtown has generated greater returns than any suburban property

>> No.28756858

>>28756393
nice

>> No.28756871

>>28756668
>I think inflation will break 3% next 3 years so basically free money
Unless you live in California, youre wrong. Why?

Because property taxes will also go up with inflation and your home will be reassessed at market value and you will have to pay taxes on this inflated amount.

>> No.28756874

>>28755845
>Condo
No anon

>> No.28756875

>>28755845
>>trad gf in Canada
Gooks don't count.

>> No.28756907

>>28755845
Made it is currently $5m USD

>> No.28757054

>>28755845
Time for a painful suicide, don’t you think?

>> No.28757161

>>28756835
You’re living in it, he’s seeking rent

>> No.28757356

>>28756814
this is true only if you know nothing about real estate and its ability to leverage properties to take out more loans to buy properties.

This is how my father went from an immigrant to Canada with a house to his name to owning 5 properties in Florida in the span of 7 years.

>> No.28757374
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28757374

>>28755845
when you make it, you alone will know, as the answer lies within your heart only

>> No.28758189

>>28757356
real estate experienced a unique period from about 1980 to 2005 where it was an okay investment, mainly because of government policies and incentives.

That period is over and will forever be a terrible investment. At one time investing in Westinghouse/GE/Edison Electric/ATT would have made you wildly rich.

However, those days are gone.

There will never be another baby boom and TRIPLING of the world population in a period of 30 years. EVER, it simply cant happen.

Earth would have to support 21 billion people by 2050 to have the same growth and home demand.

Almost every country on earth now has a reached an inflection point with respect to population.