/biz/ - Business & Finance

[Anonymous No.11892648]

Okay lads here's my plan. I'm an emotionally detached mid-20s something with no social life and a couple of good friends. I still live with my mother because rent prices are absolutely absurd (mortgage payments would be cheaper, but housing prices are also quickly increasing and it's impossible to get a family house sized mortgage being the sole person responsible for the payments).

I fucking hate working but there is no good alternative so I want to do the following: Save up all of my income for 3-5 years while being able to live for basically free. Buy a family sized house, the cost split up around 40% savings and 60% mortgage. Then I'll rent out a part of the house to a good friend of mine for relatively cheap but giving me the piece of mind I'm not stuck with some savage.

I'll use the rent income paired with a small section of my income to pay of the mortgage while saving up probably 60-70% of my income, which I can put towards buying another house 5-6 years after that, allowing me to rent it out with no reservations and drastically cutting down on my working hours.

I'm expecting a massive global recession within 10 years and possibly even within the next 5, so I can potentially get a very good deal on the overinflated housing or get fucked on the first one.

Now tell me why I'm retarded.

[Anonymous No.11892696]

sounds like a good plan fren

[Anonymous No.11892852]

>>11892696
if things go well it's probably at least 10 years before I can get the rewards of passive income. I just want to be a NEET and play games. My youth will be long gone and I'll still be a pathetic shut-in. But if I don't have to worry about being able to afford living then I'm fairly well off I guess.