/biz/ - Business & Finance

>>57925237
>The ONLY reason to buy homes is for real estate. You should still rent your own place.
In what circumstances is buying a house to rent out better than living in it? You're taxed on your rental income, but the money that you save from no longer having to pay rent is tax-free. In each case you're on the hook for maintenance.

>>57925267
>the money you save not having to rent
oh boy i wish

>>57925267
You should buy small flats in cities and make a wagie rent it
Low maintenance, low cost, exponential wealth increase
That said I'm from Europe and buy in and around historical city centres only, to ensure constant demand and capital growth

i bought my condo for cash

mortgage $0

>>57925237
Hahaha I love these rentoid cope threads. I outperform the stock market with effective leverage and don't have to research a damn thing.

>>57925237

I got a 600k dollar house using a mortgage and 100k down. It ended up being worth 1.2m dollar 5 years later, and I took out a second mortgage to buy semiconductor stocks. Now I am multimillionare. It was worth it.

>>57925237
Renting is the most jewish thing I can think of

If you rent when you have the opportunity to own, you are letting a Jew parasite profit off of you.

Signing a mortgage (death pledge) on the eve of the biggest financial collapse since GFC is the dumbest thing you can possibly do.

>>57926551

>>57925237
Hands down one of the worst takes I've seen on /smg/ in a while, bravo anon.

>>57925348
>>57925940
>>57926416
>>57926435
>>57926522
>>57926574
>>57926586
>it's da joooooz
homoids are mentally ill

>>57926708
Shalom

>>57926586
You're making me go BANANAS because the frog of yours is just grand.

>>57925237
I just want to have a nice place to call mine, anon.

>>57925237
mortgage paid off now

u mad zoomies?

>>57926551
>it's collapsing goy get out quick.
I'm sidelined at an opportunity cost of hundreds of thousands because i fell for this.

>>57925237
i prefer to my van
i just chill inside, charge my battery every now and then, use coffe shop wifis, play nft games on my laptop while investing on crypto for some extra bucks, no one to bother me, it's the life
rn im chilling with my laptop while checking out upcoming games like gravity legion KEK
IM FREE NIGGAS, NO TAXES, NO FEES AND SHIT HAHAHAHAHHAS

>>57928320
based.

>>57925237
fixed

>>57928860
That's not how the meme format works you ignorant newfaggot. You're supposed to use the galaxy brain.

fixed it for you. we need people to talking about the own rental properties life hack. at some point the masses are going to figure out you can't ever be wealthy without owning lots of property.

>>57925237
>homoid cope
>Get mortgage for house in 2018
>Property value now x3
Huh?

>>57925267
Yes, but you can really value that house's imputed rent at the value you would have otherwise paid in rent if you didn't have the house, not the value of renting the house. It may sound like I'm repeating myself, but I'm not. For most people if they didn't buy a house they'd rent a much smaller apartment and the reason why they choose a much larger house to live in is because it's perceived as being a "good investment". Imagine a hypothetical in which you bought a 50,000 sq ft, 20 bedroom mansion for $500,000- what's the value of the rent you're saving?

In any event, when you buy the home if you're able to rent out the individual rooms to different individuals the sum of the rents can be quite tidy, as people value having a place quite a bit but only value the marginal additional space a little.

>You're taxed on your rental income

Yes this is where you disguise that fact for your house and pretend you still live there

>>57929607
You're a fucking retard holy shit

>>57925237
Not at all. I locked in for 10 years at 1.8%. My house is up 200% in 6 years. The money I saved from paying a low interest rate and only out 5% down is awesome. Now I invested the remainder from house sale and have been making money in the ACTUAL market…and I get to play with shit coins. I’m ok having a mortgage. Better than paying rent and having your money go to some sand nigger or chink.

>>57929607
>>57930655
>Imagine a hypothetical in which you bought a 50,000 sq ft, 20 bedroom mansion for $500,000
Yeah either completely retarded or rich out of touch boomer who’s lost any sense of what anything is worth anymore.

Mortgages are fine if the alternative is to piss the money away on car loans and vacations, which is what the average person would do. Putting it in equities or crypto obv is superior.

>>57925267
>>57925237
Depends, if you do it Chinese style where you buy a duplex and live in one of the units it can be a good idea, but that’s like a full time job to manage.

>>57925348
ive been considering this, how has your expeience been
also how bad is the HOA fee and dealing with them

>>57929607
>50,000 sq foot 20 bedroom house for $500,000
what decade do you think this is holy shit

>>57925237
>Mortgages
nice switcheroo but owning your home is the thing that's good, not mortgages. literally just don't be poor and buy a house without giving 80% of it to the bank and you'll be set

>>57925237
There are many more reasons to own, anon. Be honest with yourself.

>>57927013
Here is an anon who is honest with himself.
wagmi

>>57931636
>>57925348
>HOA

ngmi

>>57927397
Well if it soothes the pain a little, you weren't wrong, you were just early.

rentoids will never have the trad jap gf

>>57925237
If you want property exposure just buy a REIT - why would you want to deal with rentoids for a 5% yield?

Also, mortgages are actually good. You get an asset for only 25% down, i.e. leveraged. Inflation eats away the debt, whilst the asset increases in value.

>>57932943
>why would you want to deal with rentoids
You wouldn't. You get a property manager.

>for a 5% yield
LOL unless you are really fucking up somehow yield is much more than 5% with all things considered. Rental income, principle paydown by the tenants, inflation induced debt destruction, depreciation tax write offs, and appreciation all contribute to the performance of a real estate portfolio. And because it's all with leveraged money ROI is insane. In addition, there's opportunity to further invest capex in order to force appreciation which can then be immediately realized with a cashout refi. Securities have no analog to this.

When the markets do go bad, the value of the materials, cost/time to replace, and value of the land precludes the asset from ever going to zero. With securities on the other hand, a correction could drive those paper assets to zero which devastates the investor. If they were bought on margin it's especially devastating. Many investors get wiped out this way. With real estate, as long as it's renting it doesn't matter what the zestimate is.

>>57925940
This. Rentoids are a bring damaged class of subhumans and can't really be expected to understand. I don't expect cows to understand the finer points of a well marbled steak

I'm renting. I'm richer than all of my peers that have bought apartments.

>>57925237
Wow the guy at the right and the other at the left of the chart give so many arguments

2.99% mortgage with 3-6% inflation.

Do the math nuggers.

honestly at this point rent cope threads are just demoralizing to me.
>priced out forever
>retards on 4chan keep posting how that's a GOOD thing
great, glad I have the incel all star team on my side.

If rent is lower than by a mortgage by any significant amount it's far better to rent and save the extra cash for a market down turn. My mortgage is around $800 lower than my areas average rent. The average rent is literally $2500 less than a mortgage in my neighborhood right now. If I were in the market i would be renting and stashing the extra $2500 and waiting for the inevitable market correction.

Buying a house outright or I don't buy.
Simple as.

>>57937606
Jewish hands typed this

>>57925237
Opposite, faggot
Do some fucking math
Buying a house without mortgage in retarded, even if you can afford it

Take out loans
Invest the money you save

>>57925329
>Just buy real estate in cities
Lmao is this bait?

>>57925329
fuck you, i hate idiot landlords like you. Buying up more property than you need and making living prices go up like crazy. Especially in europe. Dont really know about other places. But here rent is unaffordable for many people now because of people like you. Fuck you.

>>57934536
You have a corrupted brain that thinks more of money than the well being of humans.

>>57925237
there are no houses for rent that meet my criteria (location, layout), so I had the choice of either living in a house that (in my opinion) sucks, or building a new one. I didn't have the capital to build one without mortgage, so it was an easy decision and I don't regret it. I'll pay it off within ~10 years, but even if I were to pay it off until I die I'd be fine with that, because it's the house of my dreams

>>57925237
things that i can do as a homeowner that violate a typical lease agreement:
>replace the locks after moving in
>install new built-in bookshelves
>install a new 6-burner stove
>install a safe behind a false wall
>tear down & replace my garage with a bigger one
>store firearms and explosives
>hang a punching bag up in the spare bedroom
>build a guest house in the backyard
>have guests for long stretches of time
if you don't see the value in home ownership, don't buy a home. but some of us have lives, so we want to live without following other people's rules.