/biz/ - Business & Finance

[Anonymous No.19200401]

5 years rent: $54,000 down the drain

5 years paying mortgage: $20,000 in equity

[Anonymous No.19200445]

>>19200401
mortgage => being locked down in one place

[Anonymous No.19200452]

>>19200401
black people rent and thats all we need to know about the subject

[Anonymous No.19200454]

>>19200401
that faggot again
why are shilling nigger ?

[Anonymous No.19200484]

>>19200445
a rentcuck has instability

im shocked

[Anonymous No.19200485]

>>19200401
(((mortgage)))

[Anonymous No.19200500]

>>19200401
>$54,000 down the drain
Apart from you’ve just spent the last 5 years with a roof over your head with zero commitment.

If you can’t afford the rent go somewhere cheaper.

[Anonymous No.19200518]

>>19200485
>imagine not using the ridiculously obvious Dr.Shekel

Anon I am dissapoint

[Anonymous No.19200521]

>>19200454
why are rentcucks so assblasted by this thread? pic related

[Anonymous No.19200550]

>>19200500
>zero commitment.
what is a lease?

[Anonymous No.19200589]

>>19200485
>"no goyim, owning is bad. you must continue paying your landlord. he takes care you of anon remember that!"

[Anonymous No.19200594]

Let me know when I can buy a house with a 500 credit score

[Anonymous No.19200621]

low quality bait
whoever replies without saging and reporting is a retard and needs to be banned for 60 days

[Anonymous No.19200665]

>>19200589
just lol at not buying in cash

[Anonymous No.19200687]

>>19200452
Literally spit coffee out my mouth from this.

[Anonymous No.19200881]

>>19200621
S E E T H I N G
E
E
T
H
I
N
G

[Anonymous No.19200939]

>>19200621
>"NOOOOOO you can't make threads dabbing on the rentcucks!!! i need my business board to filled with memecoins!!!
Jannies plllleeeaassseee please please please help!!!"

[Sage No.19200958]

>>19200401
POST IT AGAIN WHY DONT YOU

[Anonymous No.19200960]

>>19200621
lulz rentcucks on suicide watch

[Anonymous No.19200992]

>>19200401
>$20000 in 5 years

If this is a big deal you are poor.

[Anonymous No.19201117]

>>19200958
>ctrl+f bitcoin: 8 results
>ctrl+f chainlink: 10 results
>ctrl+f xgm: 7 results
>ctrl+f ghost: 19 results

lmao, retarded memecoin rentcucks getting ASSBLASTED BY A SINGLE THREAD hahahahahahahahahahahahahahahahahhaaahhhahahaha

[Anonymous No.19201200]

>>19200992
small brain
>buy home @ 25
>cash out equity @ 30
>put entirety ($20,000) of it into market
>""""12%"""" returns like you monkeys think you get annually from the market
>$1,055,992.39 when you retire at 65

get rekt fag

[Anonymous No.19201250]

>>19200401
>grossly overstated 'facts'.
Both have there place. I make money from my capital. Guess you don't

[Anonymous No.19201278]

>>19201250
>there
pffttthahahaha all I need to know

[Anonymous No.19201495]

>>19200452
Hmmm never thought about this... should I make my financial decisions according to whatever is the opposite of what blacks do?

[Anonymous No.19201504]

>>19200445
funny people make funny words
>locked down in one of the best cities on earth
that said, i somewhat understand not wanting to be condemned to fucksville utah

[Anonymous No.19201520]

>>19200484
the rentlord has freedom

im elated

[Anonymous No.19201550]

>>19200485
>>19200665
FHA loans are 3.5%

If you can't find a way to get a better return than 3.5% with the capital you would have paid for the house in cash, then you deserve to be a slave to the Zionist system

[Anonymous No.19201556]

>>19200621
this thread is more /biz/ related than most things on this garbage dump of a board

[Anonymous No.19201581]

>>19201250
a decent 2 bedroom apartment where I live is $1000/month. a decent 3 bedroom house is $200,000. homeowners pay less than you rentcucks and therefore have more investment power. i will never understand how stupid rentcucks are.
>$30,000 down payment
yep, I simply existed and used the equity in my first house as a down payment on my next. at the age of 55, I will be able to outright buy a $750,000 waterfront condo and pay what you pay for your shitty one bedroom for the property tax/HOA fees, all by simply buying young instead of renting.

[Anonymous No.19201590]

>>19201200
confirmed broke

[Anonymous No.19201611]

>>19201581
What app is this? I want to mess around with these numbers

[Anonymous No.19201633]

>>19201495
>should I make my financial decisions according to whatever is the opposite of what blacks do?
You wouldn't believe how successful that can make you!

[Anonymous No.19201652]

>>19201590
not an argument

[Anonymous No.19201666]

OP must feel very secure, successful and happy in his house when he has to make this thread every two days

[Anonymous No.19201751]

>>19201666
indeed

[Anonymous No.19201763]

>>19200401
She (he) ugly

[Anonymous No.19201771]

>>19200445
>muh wandering soul

get a real job you subhuman nigger

[Anonymous No.19201778]

>>19201751
>apartments are getting smaller
lmfao

[Anonymous No.19201786]

>>19201666
I’m betting that he bought someone else’s bags. Probably found some black mold or something or a former meth lab.

[Anonymous No.19201838]

>>19201751
It doesn't make a lot of sense to make one of the biggest investment decisions (house) of your life early in your life. You are early in the learning curve about houses, mortgages, interest rates, the state of the economy. If you are born rich and it's a small percentage of your net worth it doesn't matter as much.

[Anonymous No.19201849]

>>19201771
Wagecuck cope

[Anonymous No.19201902]

Depends. If you mess up and buy in a place where property values go down the shitter you are tied to a place by the mortgage with a home that not even selling will recoup all the mortgage.

The problem is that these things are outside of your control. You can't know if the industry in your zone will die, what policies will the local government take, etc etc. Things can change a lot in just 10 years. Homeownership would always be a good idea if the economic and political situation was much more stable than it is today. We don't have the stability the boomers had 40 years ago.

Many people that have grown in suburbs know firsthand how much a good place to live can turn into shit in 10 or 15 years. The chumps that commute one or two hours every day to go to their jobs ended up like this because they were stubborn about being homeowners and years down the road couldn't find a job near where they live. This can happen to you.

On top of that, when you buy a home you are buying the bags of the boomers. You may as well wait ten years or so when your broke ass social security system can't pay them pensions and they start selling most of their properties to be able to live. Prices may plummet by then.

If you are going to buy at least don't do it until there's a major crisis and prices go down the drain.

[Anonymous No.19202049]

The only issue for me however is, i'm not married or am i a couple, which basically throws buying a house out the window.

Also being in school at 24, isnt exactly a ripe time to buy a house, even if i wasnt in school, you're still sol if you're single
The only real reason a person dumps his money on rent is caue he/ she cant purchase a house (being on single income <$80,000) or has to move around often i.e. not found the right job/ place to live in for a while

[Anonymous No.19202190]

>>19201666
I bought a house a couple years ago. It's my sole source of anxiety. Repairs out the ass from hidden shit that my retard inspector didn't catch.

I have a feeling OP is in my shoes too.

[Anonymous No.19202270]

>>19200401
*jews wipe out your equity*
Haha nothing personal kid

[Anonymous No.19202373]

>>19200484
High paying jobs (150k+ base, ignoring stock/bonuses) that don't require licensing are usually <3 years tenure unless you are politically protected/owner. Being available to move anywhere is a bigger difference in salary cs 34k per year of housing costs

[Anonymous No.19202597]

>>19201838
the average decent person graduates college at the age of 22 with a bachelor's degree. they've had 3 years of employment and paying rent. that is more than enough time to make a grown decision to by a house. 25 year olds are not "kids".

I got approved for a home loan in 45 minutes. the loan officer went over the details: interest rate, type of loan, down payment %, taxes, closing costs, insurance, etc.

I wrote down what he said and spent an hour googling what I was unsure of. anyone over 18 can do this.

I told my realtor what I wanted as far as location and price. when I saw a house I liked my realtor took care of everything. he communicated with the seller's realtor who then communicated with the sellers who showed me the house. I got it inspected and after a thumbs up and a few weeks pass, signed my name, coughed up the down payment, and now pay less than I did when i rented

most people here cant even make their bed so i understand your low standards

[Anonymous No.19202618]

>>19202373
i doubt that's true on average.

[Anonymous No.19202736]

>>19200401
>buying a home: 100k+ down payment
>renting: 100k kept and invested to make bank
a dollar today is worth more than a dollar tomorrow unless youre a retard

[Anonymous No.19202830]

>>19201902
>If you mess up and buy in a place where property values go down the shitter
show me a single neighborhood with houses all currently under $200,000, that have EVER sold for more than $250,000.

I'll wait. that is a super simple task. you can use zillow maps. my point is the only people who lost their ass in 2008/9 were people buying homes that costs over $400,000

>The problem is that these things are outside of your control. You can't know if the industry in your zone will die, what policies will the local government take, etc etc.
absolutely retarded drivel

>Many people that have grown in suburbs know firsthand how much a good place to live can turn into shit in 10 or 15 years
wrong
thats what you get for living anywhere near niggers.

>If you are going to buy at least don't do it until there's a major crisis and prices go down the drain
by the time that happens, I will have saved so much money from a lower monthly payment and equity that I could buy another house

[Anonymous No.19202844]

>>19202736
>what is a FHA loan
stupid rentcucks......

[Anonymous No.19202901]

>>19200594
Stay broke sam

[Anonymous No.19202941]

>>19200550
That's like only for the first few months

[Anonymous No.19203038]

>>19202373
Post 3 jobs that do not require """licensing""" and pay $150,000/year after 3 years so I can LMAO @ you then fuck your shit up with facts and logic

[Anonymous No.19203059]

>>19202941
ANOTHER ONE BITES THE DUST

[Anonymous No.19203160]

>>19203038
Not requiring 3 years exp, but have low (<3 year) tenure.

Software Developer Manager
Software Architect
Marketing Director
Compliance Officer (Lead)

All roles in my current/previous roles that pay over 150k and have high turnover/cutthroat

[Anonymous No.19203197]

>>19203160
Current/previous companies*

[Anonymous No.19203257]

>>19200401
bro, i agree with you and I've had your back in another thread, but you need to stop spamming the same shit every day, sage

[Anonymous No.19203397]

>>19200401
you are the victim of confirmation bias

[Anonymous No.19203488]

>>19200445
oh no how terrible
i want to be a begpacker in indonesia!

[Anonymous No.19203613]

>>19203059
I'm month to month literally no commitment.

[Anonymous No.19203615]

>>19200445
living somewhere is being "locked down in one place." it's a vast and expensive upheaval every time you shift elsewhere. how frequently do you in fact make use of this immodestly expensive freedom and actually move from one place to another?

[Anonymous No.19203979]

>>19200401
i am a rentcunk. always have always will be

[Anonymous No.19203983]

>>19203257
see >>19201117
you're literally jelly of the traction this thread gets lmao how fucking sad

[Anonymous No.19203988]

>>19200401
> he thinks he is paying for ownership

[Anonymous No.19204013]

>>19203615
>It's just rational to spend the rest of your life tied to a single spot on earth

[Anonymous No.19204020]

>>19203988
surely better than you paying for someone else to own it.

[Anonymous No.19204055]

Renting is literally hiring jannies to do all the dirty work.

[Anonymous No.19204080]

>>19204013
it's not a prison sentence

[Anonymous No.19204091]

how do i buy a house? houses here cost minimum 1-2 millions and i only earn 90k a year

[Anonymous No.19204106]

>>19200445
being locked down in one place => stability
only shitty jobs require you to be ready to relocate any time. screw that.

[Anonymous No.19204244]

>>19200401
>create/register real estate and home improvement business
>buy beat up 3bdrm house at auction for 60% of its value (150k value house)
>spend 20-30k repairing it
>have a brand new house for 20% below market value.
>0 mortgage
>report 30k loss on business from repairs
>charge rent 1200/mo (600 per room)
>2 year tax free income of 24000 and 150k+ equity
>live in 3rd bedroom for free

[Anonymous No.19204264]

>>19204106
Without being locked in one place, you can move any time you want, even if the job does not require it, though. For example, look at where I am now, Illinois. It is a suburban hell about to fall into bankputcy, but has only become so the last 15 years or so. Not only are jobs here terrible, but the culture is terrible, taxes on everything are off the wall, including property tax, which is astronimical, and the whole state is nothing but suburbs, urban decay filled with crime, and boomers.

And guess what? Now the boomers here, who bought their houses 20 years ago are unable to sell them, because the population here is plumetting, as is the housing market. They can't sell their houses. They can't go somewhere with a better social state, or less crime, or less opiate addiction, or better work. They are trapped here, because they decide to spend $400,000 on some carboard cuckshack, and they are trapped under the massive property taxes, despite a collapsed economy being unable to support them. I'd much rather rent than go through this in the current doomed economy, doomed earth world.

Keep signing up for contracts, though. I've heard you can get a BRAND NEW IPHONE that way through your cell carrier. WHAT A DEAL!

[Anonymous No.19204267]

>>19204091
where are you. buy from an auction and learn to fix up a house

[Anonymous No.19204269]

That moment when this man is your landlord and he owns the most expensive mansion in Tampa. Renters get cucked, 90% of millionaires start by investing in real estate. Renters are literally the most retarded people I know.

[Anonymous No.19204296]

>Bag holding a house so you come to an anime imageboard in an attempt to pump it

[Anonymous No.19204309]

>>19204264
>I am now, Illinois
Lol thats right I am in Highland Park. We are doing fine. What suburbs? South side?

[Anonymous No.19204355]

>>19204267
zürich, there are no auctions for houses here lmao this isnt africa

[Anonymous No.19204412]

Lmao @ all the renters too poor to own a house. Bad news guys, 90% of all millionaires make it by real estate investing. Never buying literally lowers your chance of becoming a millionaire by a shit ton.

Renting = broke mentality

[Anonymous No.19204413]

>>19204355
>zürich
P R I C E D O U T

[Anonymous No.19204427]

>Not living in a city where Calicucks constantly move in cause of insane CoL

Stay renting and licking your landlord's feet cuck. I'll just chill at my new house and sell it in a matter of days when I move somewhere superior.

[Anonymous No.19204442]

You bought a lemon
I pisses through the walls everywhere, toilet and bath leaks under the ceramic and into the walls, electricity is ghetto, attic is a sponge, foundation is an ant nest, roof is ripple, neighbors make complaint against you all the time, house devalues, cant sell, you paid 260,000 for a 200,000 house and over 30 years you bought, 2 water heaters 2 furnaces, painted/renovated 3 times, fixed the roof twice, had to get the footing fixed at least twice, did the driveway at least once, took care of your yard every year cause of your obnoxious neighbors, probly got a new fence, fixed the plumbing multiple times, changed the siding, the windows/doors. The renter in 30 years paid 260,000 doesnt have to sell a piece of shit and had a good life not having to bother with all that

[Anonymous No.19204482]

>>19204442
Or you can not be retarded and do background checks. Rent it out to an older person, they dont break shit.

[Anonymous No.19204491]

>>19204427
>he transfers his slave-stay-where-you-are mentality to rentlords who can move at will and don't need to take shit from anyone

[Anonymous No.19204521]

>>19204482
I wasnt even talking about renting and shit breaking, all that, was regular wear of a house

[Anonymous No.19204549]

>>19204491
>Thinking buyers can't move at will either

Houses here sell to California fuckers like the moon. Cali people have a different concept of money so they think the house I'm selling to them for 30% higher than what I bought it for is a steal. I essentially paid off my mortgage and got some profit.

[Anonymous No.19204645]

>>19204549
flipping is outside the scope of this thread

[Anonymous No.19204663]

>>19204521
What houses are you buying that are breaking down so easily? Move out of your mudhut retard

[Anonymous No.19204806]

>>19204442
>what is an inspector
S M A L L B R A I N

[Anonymous No.19204964]

I know,
>zestimate
But I bought for $125k eleven months ago

[Anonymous No.19205144]

>>19202844

>FHA

found the commie

[Anonymous No.19205189]

>>19204806
Inspectors don’t look for that stuff. Read their contracts it’s literslly them just walking around and making sure the windows close and the AC works and then checking if there is water in the basement. If it isn’t blatantly obvious then the inspector won’t notice it or even be liable for not telling you about it. Homeowners can easily cover up a lemon to pass inspection until closing is done. Unless you do this for a living and have people you trust then you better do the inspection yourself and you better not be a retard which most first time homebuyers are.

[Anonymous No.19205528]

>>19205189
anybody else wanna get BTFO with facts and logic?

[Anonymous No.19205781]

>>19205528
That’s not a fact retard. Also “looking at” to an inspector literally means they looked at the attic and unless the defect was obvious they would have missed it. The homebuyer “looking at” and inspector “looking at” are quite different things. Read an actual contract and try to sue one of these guys for failing to find a defect. You won’t win.

[Anonymous No.19206055]

>>19202736
>100k down payment

i gotta va loan

seethe and dialate

[Anonymous No.19206078]

>>19200452
this

[Anonymous No.19206096]

>>19205781
They explained it pretty clearly in our home inspection. They literally can only see what's there. They can't go tearing apart walls and digging holes. Hell, they won't even toggle some valves because it's working fine and a lot of times when they've tried that it's broken and flooded things. If you can't see it, if you what happened wasn't visible when they inspected the house, they can't see it either, the only difference is they know what they're looking for.

[Anonymous No.19206099]

>>19200452
they

[Anonymous No.19206125]

>>19200452
do

[Anonymous No.19206152]

>>19200452
niggers

[Anonymous No.19206180]

>>19200452
they are niggers

[Anonymous No.19206228]

>>19204964
That's a terrible ROI.

[Anonymous No.19206304]

>>19201495
On the surface this would seem like a bad financial plan to base your investments on this, but in reality it would probably yield huge gains. Based.

[Anonymous No.19206346]

>>19205189
here you go retard. maybe you should learn to read as
>I pisses through the walls everywhere, toilet and bath leaks under the ceramic and into the walls, electricity is ghetto, attic is a sponge, foundation is an ant nest, roof is ripple
is visible

[Anonymous No.19206412]

>>19201550
Well said. Lets not forget you can write mortgage interest off your income so that's a 3.5% pre-tax return.

Literally just invest in companies with >20% ROIC and you'll get that over the long term.

[Anonymous No.19206519]

>>19206412
>Lets not forget you can write mortgage interest off your income so that's a 3.5% pre-tax return

This is what dumb renters think

[Anonymous No.19206786]

>>19206346
Paint, pest control, no heavy appliances running, touchups.