/biz/ - Business & Finance

>paying 600 dollars a month to own a depreciating piece of shit house out in hicksville built in the 1920s that will be worth nothing in 30 years when you finally own it after the boomer die-off craters the real estate market
I'll stick to renting, putting my money in index funds, and living frugally until I make it instead. Enjoy your "asset" lmao.

>32
>$0/month (I bought my house in cash last October from dumping $500k of crypto)

>>53240836
Is someone a little jealous?

>>53240783
>33
>no mortgage

>>53240783

>>53240783
Shitty loan you got there. More than 400 (including insurance) is a fucking robbery.
>>53240916
That is so dumb. Never buy shit with your own money.
Use others money to buy your stuff. Remember, no one pays taxes on debt.

>>53240916
>pays in cash
>not getting a fixed rate mortgage and let the money rot to hyperinflation
absolute brainlet

>>53240783
>37
>$500/monthly (for failed business)
>$45k/year
>single, good looking with big fat dick but I lack lying, manipulating and stuff
>not owning anything except a small car
>paying rent and taxes and all what you throw at me
who cares

>>53241071
>no sir, you should keep your $500k of shitcoins rather than buying property! Then you can get a mortage like me!
yet you live with your parents, mysteriously

>>53241051
where can I get a $400/month mortgage?

>>53240836
Real estate matters. It's an important part of a portfolio. That said, many people would in fact be better off following your advice. Index funds will likely outperform real estate over the next several decades, especially if you DCA the money uou would have spent on the house and related expenses. Wise and based.

>>53241135
I actually don't anon. And my company pays my rent so I can take that as a leverage to buy apartments and rent them out. Sorry but it's completely over for you!

>>53240783
Property taxes
>$1200/month
Thanks for playing.

>>53241157
Not in US anon. I recommend somehwere in europe like portugal next to the europoorfags. The downside is that you have to deal with people gossiping and snitching about your life because your life is so much more fun than theirs.

>>53242012
>portugal
Enjoy your property tax rape kek.

>>53241211
Renting is usually more expensive unless you live in a dilapidated shithole. So where is this extra money to invest coming from?

Age 29
Mortgage 0$
>already paid
Will buy another one in 2 years after prices come down and I have ½ of price in cash.

>>53240836
>depreciating asset
Zoom out.

>>53242028
I am renting for doubled the price I am paying for the loan and I am doing 3 years contract anon to reduce taxes. At the end I will probably get some money back from IRS. Why are you so mad about it? I am not even spending a single digit with it + apartment is paying for itself + I make some gains out of it + I even get money back from IRS. Nothing can go wrong here.

>>53242076
This... but never pay the whole apartment in cash.
How much do you expect house prices to go down?

>>53242076
I'm scandi and they already have come down 16% from peak. I have to see if ECB hikes rates (they will) and I suppose max pain is somewhere 12 to 24months from there. Mortgage rates are BOOMING over here. From sub 0,8% to 3,7% already.

>>53240783
Age
>33
Mortgage
>$2000/month
It's a 2 unit duplex, tenant pays $900 & gf pays $700 so I'm basically paying $400

>>53240836
>t. Seething rentoid, paying 2x OP's mortgage to pay a landchads mortgage

>23
>$500 apartment
>4500/mo in disposable income after all taxessa nd expenses

>>53240836
>tfw my mortgage payment stays the same for a decade while your rent increases every year
Getting a mortgage is the easiest way to short the dollar.

>33
>$2100 mortgage for a 3 bed 2.5 bath
It hurts but rent here is 1800

>>53242557
>Bragging about paying the same amount every month when the Zestimate drops day by day
You're a frog being slow boiled.

>>53240836
Historically houses double in price every 10 years.
This was exceeded the last few years but you can expect that from now on.
If you are waiting for a die off you will be waiting until you yourself die off.

33
800 a month mortgage
2.7% interest rate
I own the largest and nicest house on the block. Smaller ranch across the way just sold for 70k over what I paid for mine 7 years ago.

Came into owning a farm in Serbia through marrying my wife. If only that country and part of the world wasn’t such a fucking disaster…

Buying a house is hella fun. You can change stuff and improve its value, paint it, redo the front yard etc. You learn how to buy well, you learn where to buy to get capital growth.
At a time when real estate agents charge 4%commission ($20,000 or so) I sold 2 properties on Trademe for $300 and $1000.
Being a property owner makes you feel good.
I live mostly from passive income now.

>>53240783
age: oldfag
(((Mortgage))) : 0.00
Greatest day in my life was writing a personal check for $110k to pay it off. Bankers were seething.

>>53244492
You made a huge mistake not taking out a loan to prove your credit worthiness and then not leveraging your existing 100k to park into a real asset like an index fund to accrue extra money over time. Imagine thinking you beat the Jews by buying your flyover country double-wide trailer in cash.

>>53244740
no dude.
my (((Credit Score))) is already in the high 700s low 800s

It is a real house built prior to 1950s.
not a McMansion, but not a double wide.

I have those and other financial instruments in my portfolio.

I'm living off Dividends,Interest and your mom's cooking.
Bitch makes a mean Lasagna for the D

>>53240836
>Hicksville
Why does this board alternate between hating Black people and White people so much? :(

>>53240916
>>53242076
>age 30
>mortgage $0
this

>>53241051
>>53241071
>trade make believe money for land and roof over my head
>noooo you should have left your money in the markets and continued to pay your kike landlord
>btc goes down 90%
>spy down xx%
I live next to the beach and besides coming up with enough for property taxes, maintenance and utilities I'm a free man and nobody can hold shit over me. That's worth more than anything else.

>>53245109
>I'm a free man and nobody can hold shit over me. That's worth more than anything else.

Here King You Dropped This.jpeg

>>53240836
kek this is peak rentoid cope.

How many funko pops did you buy this month little guy?

>>53240783
34
$1800/mth

It would be $2800+ at current mortgage rates. I feel super lucky for buying in 2021.

>>53245713
Next round of layoffs hits+ more people under water+boomer die off+rates still rising = your mortgage going under. Can't wait to buy your shit shack from you half off at an 8 percent rate after you can't keep up anymore.

>>53245781
How does the plight of other people affect me or my mortgage? You're obviously a retard and have no idea how the system works.

>>53245781
>he’s never heard of a fixed rate mortgage

>>53240783
Flyover state?

>>53245935
A fixed rate mortgage doesn't stop the actual value of the house from dropping you moron. It just means your locked into paying the amount you bought it for. If you lose your job and are forced to sell, it doesn't matter if it was fixed or adjustable. You are a retard.

>>53246091
sooooo .... how much you paying in rent?
and what if any utilities are you responsible for?

>>53246242
1k. All utilities included except internet.

>>53246258
studio or 1BR?

and:

if and when you "make it"... you will never own property?
you will rent forever?
what about a vehicle? will you just Rent/lease that as well?

Living Frugally - give us some examples.
( not bait really.... you should see my clothes) pic somewhat rel.

>>53246452
1BR
Own car outright.
Anyone that bought a home the last 3 years is in for a rude awakening in 17 months. That's when I'll hop in.

>>53246701
1k / all utz / 1br ... not to shabby ( for now)

Agree on the home thing... it will collapse.
I will hop on as well.. but not in Burgerland.

https://youtu.be/YE9qb1Nhw4A