/biz/ - Business & Finance

>>51184899
>buy a house that literally never depreciates a
What happens when people cannot or will not purchase your home?

>>51184899
>stock market has annual return of 10%
>housing averages 4%

Imagine if you combined the two and leveraged your house on the stock market…you’d get 10^4 return year after year

>>51184899
zoomer who has never witnessed 2008 detected

>>51184899
Property tax is 2% per year where I am so assuming a standard 4% appreciation plus insurance upkeep costs plus houses return significantly less per year than stocks and even less than a ten treasury bond. That’s without factoring in market risk and liquidity risk which is definitely a thing.

Houses are a terrible long term investment but still a no brainer to own a house vs renting unless you only plan to stay in an area a year or two and then it’s a gamble on markets beating the give up on fees in that time.

>>51184899
>just buy a house that literally never depreciates

I get that OP is sarcastic, but unironically the vinyl flooring that looks like wood is pretty good stuff. It's not high end and it's vinyl, I get that, but it's durable and looks fairly nice for the cost. I think it works in the right house in a high traffic location.

>>51184929
>>51184987
>>51185028
>>51185050
find me a listing of a house that lost value over the last 10 years outside of forclosure or absolute shit dumps

>>51184899
you're assuming these worthless niggers have jobs

>>51185115

Seethe more, the stock market has historically offered better returns than housing. You cannot disprove this fact.

>>51185164
you can literally install cabinets from home depot and paint the walls grey and the value goes up like 100k

>>51185246
That wasn't always true, but the immigration pressure and monetary stimulus is making shelter (a basic fucking necessity for human beings) super profitable to play with right now.
My friend and I flip houses and it is egregiously profitable. 5-6 years ago people would be super happy to make 50-60k on a house... my friend in 2020 bought a house 400k threw 42k at it and sold it nearly 800k.
Yeah i know you could have dumped the money into Gamestop or Bitcoin... but risk adjusted...

>>51184929
you still have a house to live in.

>>51185115
it took 25 years for toronto hosues to reach their 1989 top after adjusting for inflation

>>51185303
Only a revolution can stop us now.
I am buying gold though, because that's unironicaly going to happen.

>>51185303
doesn't mean you should buy a generational top because you have fomo

>>51185313
I literally watched Toronto go from being a city smaller than fucking Montreal to the 3rd largest city in the world, fucking blade runner-esque powerhouse that it is today, betting on where the money and human capital is going to be is the key.

>>51185344
bro its over
this February was a 10 year top at least (in real terms)
especially in suburbs and cottage country

>>51185377
Well shit looks like the USA, Canada, NZ, Aus, UK, European Union and other keynesian western economies are going to have to make intelligent monetary and fiscal decisions and adjust policy to deal with very high debt and interest loads from now on!
Too bad, because 50% of Americans currently employed are with firms that are either govt subsidized or insolvent.
Well you're right, second great depression on the way. Fuck considering the debt load this time, we should just call it the Greater Depression! I'm glad though because the alternative was print money to fix our problems in the short-term and continue using band-aid solutions that result in higher prices due to inflation of the monetary base, and less productive output as economies become more geared towards consumption financed by national debt, which is unsustainable.
It's the responsible thing to do, weird we haven't done it for 50 fucking years, since leaving gold standard.