/biz/ - Business & Finance

but if i made 3M from crypto and dont have an income, why not just buy a 1M house with cash?

Uhm...

>>29790570
>>buying a house in cash
Why is this bad?

It’s a b8 thread you fucking retards

>>29791785
>what is leverage

>>29792576
>rent to own program with a bank
>plus interest

>>29792674
ask me how I know you're poor and from a poor family
only poor people lack the IQ to realise how important debt s as a tool to make money

>>29790570
Movie name?

>>29792728
Gee I wonder who could be behind this post

>>29792728
>Using your place of residence to make money
Let me tell you something about 2008

>>29791321
Yeah why not

Obvious kike thread

>>29792728
Top lel

>>29791758
Lol the mindset of a rentcuck

>>29792728
That’s for like business loans and other liabilities, not for buying a house that you plan to live in. Houses are a 30year savings account and appreciating asset. It doesn’t provide cash flow unless it’s already paid off and you rent it out. This is you:
>take on millions of dollars of collateralized debt
>pay interest payments for 5 years
>rent out houses for less than the mortgage
>house appreciates in value but the majority of your mortgage has been interest which the bank front loads
>sell at a net loss when you realize how expensive it is
You are dumb

>>29790570
knowing women

>>29791758
Jesus fucking CHRIST

>>29792774
Not a movie
Assassination of the Russian ambassador to Turkey by ISIS in 2016

>>29792774

>>29793233
is pure kino tho

>>29792774
real life, fren

>>29792728
Hello America, how is the weather?

>>29793233
checked

>>29790570
this picture is truly art
a perfect transposition of art and violence and the fragility of culture, the power of decisiveness
an ode to the power man has been trained to forget he holds but a testament to the price its utility costs.
truly to decide to make an action like that man did, is the ultimate gamble - he will never even experience his investment.

>>29791758
rates are way lower than that right now.

the reason you want to get a mortgage instead of buy cash is because the rate is so low the rent expense more or less is on pace with inflation. frankly, its probably below the real rate of inflation

you fucking idiots dont even know this

>>29790570
Even on a bussiness board people don't know what their individual discount rate is. They know they can get 10% apy risk free in crypto yet they think paying down 2% mortgages is somehow valid for their situation.

We just need to exterminate anyone who did this, for the good of the board and the gene pool.

Wow. There’s actually poor people who can’t afford their own home ITT. Disgusting ragie wagies. Fat filth.

>>29790570
lol, even after i make it I'm still going to get a mortgage, as long as the interest you accumulate on your stack is greater than the apy loan interest you a making money

>>29793633
Literally every photo I've seen of this assassination has been aesthetic as fuck. How did he do it?

>>29790570
The coming dystopian social situation is so uncertain and risky I think it's wise to own a house outright as soon as possible even though it's not the technically optimal financial move.
We are not heading towards normal times, or even a normal depression.

>>29792728
Stop arguing with retarded NEETs who gamble (and lose) their parents' money on shitcoins. Poor people are afraid of debt and live paycheck to paycheck while those of us with brains take advantage of low interest debt to pursue high yielding investments.

>have $1M
>buy $1M house
>value increases 15%
>sell for $1.15M
>profit: $150,000

>have $1M
>put 20% down on $5M house
>value increase 15%
>sell for $5.75M
>profit: $750,000

Even when you account for interest and fees you're still pocketing more with the mortgage

>>29793888
That may have been great before, but now interest rates are rising and the asset bubbles are fit to burst. If you start leveraging now you are putting yourself at huge risk of taking the brunt of the oncoming depression

>>29791321
Because you can make a lot more gains with cash than what a mortgage will cost you, lending rates are insanely low under 3%

>>29793954
This works the other way too anon
House prices can go down you know

>>29794223
And even in that case it is better to have a mortgage, you want all your cash tied up in an asset you can’t get rid of unless you sell at a loss?

>>29793832
>>29794100
This
>leveraging 20x on the brink of the reversal of interest rates & asset prices

>>29791321
>>29792908
Because with that must cash you could take a loan out from the bank for you mortgage for ~1%. With inflation your mortgage would get cheaper and cheaper. Thats what all rich people do.

>>29791758
This
>Putting yourself in debt to the jews
OP is a cuck and a faggot.

wow, who told you about these alts? This is shit man, don’t believe these bastards
if you wanna get profit use your brains and follow yield farming
I took part in metalex and they made a new model, a guarantee of 300% APY

>>29793707
>Way lower
>1%
Fuck off you retarded broke cunt.

>>29793603
why the fuck liveleak is not playing the footage