Why haven't you bought a place yet anon?

[Anonymous No.11096920]

Why do some people think renting is smarter when you actuayll pay SOMEONE ELSES mortgage and a premium on TOP of that?

Do you hear how stupid it (((sounds))) ?

[Anonymous No.11096938]

>>11096920
>>11096920
some people cant afford it, so they make up lies to try do dissuade anyone else.

[Anonymous No.11096955]

Property taxes, mortgage, repairs, maintenance.

When it comes down to it renting is only slightly worse for you financially than buying outright. And that's assuming you're going to stay in the same place long term. If you move around every few years it's actually cheaper to rent.

[Anonymous No.11096962]

>>11096955
taxes are included in mortgage.
if you buy a condo maintance / repairs are too.

[Anonymous No.11096972]

>>11096955
This. Fuck being responsible for taxes and maintenance. You're also tied to a 30 year bet on the market for your property.

If you think the market is in a bubble (protip: it is) then you're going to be fucked as an owner in a couple of years.

And don't even get me started on fucking Jews at the HOAs.

[Anonymous No.11096977]

>>11096920
>implying there are no hidden costs of home ownership
>not having someone else fix shit hassle free whenever it breaks

I live in California and don't want to buy some overpriced piece of shit at the peak of the housing market. It makes more sense to rent with a roommate and save/invest for when I fuck off to a cheaper state. I'll probably buy a house at that point.

[Anonymous No.11096983]

>>11096955
How do you think your landlord gets the funds for repairs? From the magical repair fund ?

[Anonymous No.11096989]

>>11096962
Only the interest is tax deductible

[Anonymous No.11096994]

>>11096983
Where would you get it from as an owner-occupier?

Especially when your mortgage is now for 40% more than the house is actually worth

[Anonymous No.11096995]

>>11096977
>implying you do not pay someone elses hidden costs

[Anonymous No.11097003]

>>11096989
and repair/maintenance (condo fees) is $100 a month usually, unless you have like a swimming pool onsite and shit.

[Anonymous No.11097019]

>>11096994
with the suburb trend reversing the last 15-20 years and people still think "owning a house" 1 h by car outside a big city is a thing then will realize that they need to live in the city , why you think apartment will loose in value ?

[Anonymous No.11097040]

>>11096920

>buy house, 2000 a month mortgage payment
>all your neighbors bought their houses 20 years ago and have a 1000 a month mortgage payment

Still think you’re gonna be able to charge enough rent to cover the mortgage? KEK

[Anonymous No.11097051]

>>11097019
Milennials are poor as fuck - where the hell are they getting the money to buy your $1MM 750 sqft apartment in New York?

Also I would strongly suggest you start looking into the trends of remote work. If the basis for commercial real estate craters, there's no need to stay in your horrifically mismanaged, nigger-run city centers.

I would expect milennials to start living remotely, both in the telecommute sense and in the sense of location.

[Anonymous No.11097053]

>>11096920
because the bank wont give me a mortgage anon thats why

[Anonymous No.11097076]

All these housing shills... must be that the bubble is gonna burst soon for real.

[Anonymous No.11097094]

>>11096955

This. If you’re going to be stable and settled for 10 years, try to buy. If not, rent. The real deciding factor should be the cost of mortgage payments vs. the cost of rent on a similar property. If rent is within 20% of buying a similar place, rent makes more sense due to taxes, maintenance, and insurance.

Chad level is buying a multi-family unit, like a small apartment building, then letting everyone else pay your mortgage while you live there.

[Anonymous No.11097117]

>>11097040

In 10-15 years the mortgage payments will be 2500-3500

It's called inflation

Also, in my country the 30 year mortgage interest is 2,5% (Denmark)
Prices are high though near the big cities

[Anonymous No.11097136]

>>11096983

The landlord’s mortgage probably doesn’t cost him as much as it would cost you to buy the same place. If he bought that property a few years ago, he paid at least 20-30% less than you’d pay now in most places.

[Anonymous No.11097139]

>>11097117
Try 1.3-1.5% in germany or sweden my friend

[Anonymous No.11097154]

>>11097136
Right this is my point, it the last 5-8 years was a good spot to buy

[Anonymous No.11097197]

>>11097139
Kek over here you get it at 3.4%, and that's with 0.1% off for having a bank account open with them.

[Anonymous No.11097209]

>>11097197
0.95% enkla master race report in please

[Anonymous No.11097212]

>>11097117

>In 10-15 years the mortgage payments will be 2500-3500

What if house prices crash by 30% and with it, mortgage payments? Then you’ll be the guy on the block paying way more per month on his mortgage than anyone else and it will take 10+ years to get to the point where you can charge enough rent just to break even.

Landlords can only charge what the market will bear. If nobody is willing to rent at the price necessary to cover the landlords mortgage, then too bad for him.

[Anonymous No.11097228]

>>11096920

Because /biz/ keeps telling me it's a bubble

[Anonymous No.11097268]

>>11096989
>Only the interest is tax deductible

This is a Jewish LIE.

>First year of my mortgage when I pay the highest percentage of interest
>If I make minimum payments like a good goy, I will pay 10,000 in interest plus 2,500 in property tax
>Here's where the Jewish tricks come in
>Whoop dee doo it's Hanukkah, I have enough to itemize my deductions. I get a $12,500 deduction INSTEAD OF THE STANDARD $12,000 DEDUCTION
>My tax advantage is $500, in the absolute "best" case where I pay the most interest on my loan in a given year

And that's IF I bought my house at the beginning of the year (I didn't) and if I was filing as single (I'm not). Basically unless you buy a house that is way out of your price range, you will never see much of a tax deduction from mortgage interest.

[Anonymous No.11097323]

>>11097268

It makes no difference. You’d still be deducting the same amount back when the standard deduction was less

[Anonymous No.11097441]

>>11097051
You'd be completely wrong. Millenials are the ones pushing city renewal harder than anyone. Boomers are the only ones buying suburban shitboxes. Every millenial wants that trendy 3k a month luxury apartment downtown where they can walk to work and walk to high end restaurants/bars to pick up stacies and chads without getting a DUI. Cities are here to stay. Look around, they can't build high rise apartmetns fast enough in most places. Nobody wants a house it's just responsibility and work.

[Anonymous No.11097457]

>>11097441
this guy knows. Try asking friends who are in cities like Berlin, Paris or London how it is to try finding a rental apartment and line up with 50 others and leave in your fucking CV... Yeah there is no demand right

[Anonymous No.11097472]

>>11097139

Not fixed rate for sure

Here you can get variable mortgages at 0,5%, but they change the rate every six months.

[Anonymous No.11097536]

>>11097076
it really does seem like a boomer psyop to get millennials and zoomers to buy their bags before the imminent collapse.

[Anonymous No.11097567]

The amount of homes up for sale in my area (SE PA) has been risen substantially this year, particularly in areas where property taxes have been spiking non-stop.
pic related has been happening everywhere. sure, $2k rent/year in property taxes isn't the worst thing in the world (especially compared to NJ/NY), but nothing can stop them from raising it 20% every year to pay for more bullshit that no one needs

[Anonymous No.11097582]

>>11097567

[Anonymous No.11097583]

>>11097472
this is >>11097209
3 years

[Anonymous No.11097601]

>>11096920
what if i want to travel or have to move alot?

[Anonymous No.11097603]

>>11097582
this one is a fixer-upper

[Anonymous No.11097657]

>>11097603
one last example
notice the correlation between the value of the property and the taxes.. a good 25% off the original listing price and still no one wants it because they dont want to be held hostage by fucking tax and spend committees

[Anonymous No.11097680]

>>11096920
>"Hey the plumbings not working. Send somebody to fix it or I'm gonna start jerking off on the walls"

Do you know how much effort it is to not have somebody else take care of repairs and maintenance? It is a legitimate calculation of how many hours you spend repairing shit versus how much money your mortgage equity is worth.

[Anonymous No.11097853]

>>11096920
It's in a bubble anon.

[Anonymous No.11097893]

>>11097094

It depends on the area and market conditions but I found the average time when buying becomes more effective than renting is just under 5 years.

[Anonymous No.11098131]

>>11097212

House prices didn't even crash 30% from the 2008 bubble, more like 18%-20%, I believe. You're making a huge "what if" claim that will likely not come to fruition anytime soon, if ever. As long as employment numbers remain relatively strong with us having more and more young adults entering the market every year, the market has no reason to completely crash.

There's simply too much demand for the market right now. As long as demand continues to outpace supply, with every decent house attracting multiple offers, house prices will continue to increase.

[Anonymous No.11098185]

>>11097567

Jesus what the hell is with the tax increase from 2016 to 2017? Just how much did the rate change and how did the people in your community not fucking riot? Where I live, the city put out like an extra 0.25% restaurant tax to pay for school renovations and old white people lost their shit.

[Anonymous No.11098213]

>>11098131
This and location matters

[Anonymous No.11098289]

>>11098185
for one, everyone around here is too busy working to stop and think for a minute. for two, pennsylvania's township/county/statewide structure leads to way too much local administration being centralized in the hands of a very select few incompetent people.

entire towns would have to show up to every town and school board meeting to stop them from fucking them over and sadly no one has the time to do it.

if i ever make it, i would like to take some time to expose this archaic bullshit.

[Anonymous No.11098359]

>>11098185

Most likely was a primary residence that became a secondary, which are tax at higher rate

[Anonymous No.11098412]

>>11096920
Yeah, unless you're buying at the top of a bubble... buying a house only makes sense if the value goes up over time.

[Anonymous No.11098736]

>>11098359
none of the houses i listed were secondary
all of them were in different school districts

[Anonymous No.11098812]

glad to see I'm not the only one lol,
I pay 650$ a month rent and really enjoy the place I live(in the city). Why the fuck would I drop a huge cashdown to gamble on a house to live far away from the city(will need a car) and get fat.

Stay mad housies.

[Anonymous No.11098923]

>>11096995
Damn, anon. This makes me feel i need to start my own business or something on the side to make some money for myself and the people i adore and want to help.
Any ideas? What is thine wisdom?

[Anonymous No.11098939]

>>11098736
and how would you know that

[Anonymous No.11098984]

Shouldn't I buy when the bubble pops and the prices go super low?
Aren't we due for one anyway, it's ten years since 08 already

[Anonymous No.11099005]

>>11096920
>still falling for the house Jew
>not taking the voluntary homelessness red pill

[Anonymous No.11099389]

>2014
>"Don't buy a house! The market is going to crash and then you can buy in cheaper!"
>housing market rises 5%
>2015
>"Don't buy a house! The market is going to crash and then you can buy in cheaper!"
>housing market rises 5%
>2016
>"Don't buy a house! The market is going to crash and then you can buy in cheaper!"
>housing market rises 5%
>2017
>"Don't buy a house! The market is going to crash and then you can buy in cheaper!"
>housing market rises 5%
>2018
>"Don't buy a house! The market is going to crash and then you can buy in cheaper!"
>housing market rises 5%

Yes, let's all listen to the professionals on /biz/. The market will definitely crash very soon™.

[Anonymous No.11099417]

Because I'm not going to live in the same place for 30 years.

[Anonymous No.11099557]

>>11099389
That aint much
considering how much it can drop

[Anonymous No.11099566]

>>11099389
>buying a house to speculate on prices, when interest expense, maintenance, insurance greatly outweigh on average
Lmaoing at your life dude.

The only reason to buy a house is to rent it out to other dumb goys or if you are planning on living somewhere for 10+ years. When I see people switching houses every 3-5 years, I cringe.