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/biz/ - Business & Finance

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55731215 No.55731215 [Reply] [Original]

>rent is high
>mortgage rates are high
Just buy a house outright and then you don't have any monthly payments. ezpz

>> No.55731228

>>55731215
yes as dave ramsey says, paying cash for a house is always superior than being a mortgage cuck. Save up 800k buy a modest home and never pay the bankjews a penny of interest. Pretty based.

>> No.55731229

I have a house so I don't care
having kids when you don't own a house is fucked, sending them away and having them pay rent is fucked, complete waste of money

>> No.55731564

>>55731228
HOW THE FUCK AM I SUPPOSED TO SAVE 800k?!!!

I am a fucking engineer in a very developing field and I save barely 30k per year, MAX MAX MAX.

This economy is a joke

>> No.55731685

>>55731564
>DUDE JUST LIVE ON RICE AND BEANS AND INVEST LITERALLY EVERYTHING YOU MAKE FOR 20+ YEARS AND HOPE IT DOESN'T CRASH 30% WHEN YOU FINALLY GET CLOSE TO YOUR CAPITAL GOALS LMAO

>> No.55732066

>>55731564
>will take 26 years to save up for the bare minimum house he is willing to purchase to live in
Maybe you should stop working and build a house yourself. I'm sure you'd be done in less than 26 years.

>> No.55732380

>>55731228
interest and property tax are usually significantly cheaper than rent(I'm not sure about now with the rates so high). usually the entire mortgage is cheaper than rent on the same place, because the landlord is just having you pay his mortgage plus tip. plus you;re generally only putting 20% down, but you retain any appreciation on the home, giving you 5x leverage for cheap