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/biz/ - Business & Finance

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56231470 No.56231470 [Reply] [Original]

Why aren't you buying houses right now, anon?

>> No.56231492

>>56231470
houses are not assets

>> No.56231498

>>56231470
I have one. My mortgage $1100 p/mo. I can’t afford another one.

>> No.56231507

>>56231492
They are if you rent them out to some rentoids.

>> No.56231518

>>56231498
see this dumb dumb bought a loan

>> No.56231528

>>56231507
in that case, you are front running, still it is not an asset
it is a need someone is covering, they will stop doing that
meanwhile you lost capital

>> No.56231659

>>56231528
Renters are idiots. They'd be homeless if it wasn't for good landlords like me giving them a place to live.

And if they stop paying? Ditch them and bring in some other rentoid.

>> No.56231682

>>56231659
rent is a fiction of job
no jobs - no rent
humans are irrelevant
if jobs pay well, renters will buy a loan
if jobs don't pay well, you will enjoy the vibrancy

landing meme only works when there is market unbalance, until it is balanced out

you are too late

>> No.56231684

what's the best place to buy a house to get laid?
Tangier or Marbella????

>> No.56231686

>>56231470
I debt-maxxed at 2%

>> No.56231697

>>56231686
enjoy your loan, you lost capital to cover a need

>> No.56231732
File: 1.49 MB, 1964x1964, 1660663182828381.jpg [View same] [iqdb] [saucenao] [google]
56231732

>>56231470
RENTOID COPE THREAD
I have a mortgage at 1% and have a rentoid living at my house. The stupid fuck took a shit in the hallway and smeared it all over the walls, and I told that RENTOID FAGGOT that it's my house. Then I cleaned up all of the poop (which cost me a lot of money and hurt my ROI) and fixed his water heater because it broke recently and told that fucking RENTOID that if anything else breaks let me know and Ill try to be there asap to help fix it and make sure his residence is comfortable (because if I dont get my rent, my house of cards will come falling down).

CHECKMATE RENTOIDS
HAHAHAHAHAH

>> No.56231751

>>56231470
kinda feel like they're too expensive, felt this for a few years tho dunno when I'm going to move out of my moms basement at this rate.

>> No.56231760

>>56231697
It was a 15 year, already knocked 3 of those years out, got 12 more. Shit, for almost two of those years I was unemployed collecting unemployment neetbux.

>> No.56231771

>>56231732
if landing made sense the banks would not lend you capital, instead they will use the capital themselves

what they do now is, they allow YOU to lose the capital in your name

>> No.56231894

>>56231771
Haha, that is, if you suck at buying property. Buying property is a fucking skill, like anything else financial. It is highly competitive. For most, it's like having a gun but with one bullet.

>> No.56231930
File: 9 KB, 100x100, 1695319027567696.gif [View same] [iqdb] [saucenao] [google]
56231930

>>56231470

I don't want to buy one.

>> No.56231950

>>56231894
hey female, how is the zestimate doing

>> No.56232093

Housing as a business is jewish as fuck and I have principles.

>> No.56232221

>>56231492
Houses are an asset you dumb retard bigger. Every big time investor has an investment real estate portfolio

>> No.56232288

>>56232221
hoses are liabilities
so much so
you dream of offloading it

>> No.56232334

>>56231470
I will wait until the prices drop 30-50%. And then buy with cash or a 50% down payment.

>> No.56234583

Houses are overbought. Not touching that shit.

>> No.56235318
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56235318

>>56231470
I already own one, no mortgage. I might buy another one in a decade or two, paid in cash.
I don't believe in renting or taking a mortgage.

>> No.56236640
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56236640

>>56232334
Houses...ARE...NEVER...GOING...BACK...DOWN IN PRICE! You hear me, dummy? NEVER GOING BACK DOWN!!!!!!!!!!!!!!!!

>> No.56236741

>>56231470
because 30% of my $80k/yr income only gets me a crackshed in west virginia

>> No.56236762

>>56231470
i already got two, if i buy them all there will be nothing to keep the rentoid dream alive. i like to see them suffer and fail.

>> No.56236825

Anyone ever used the VA Home Loan? I have $500 in the bank but I want a house and that $0 down payment and 0% interest looks mighty nice.

>> No.56237017

>>56231470
I'm a dysfunctional alcoholic

>> No.56238825
File: 39 KB, 592x545, phoenix.png [View same] [iqdb] [saucenao] [google]
56238825

>>56231470
I was in the market for a seasonal vacation home in Phoenix. But shit is stupidly overpriced.

>Sub-400k = 40+ year old house in Mexico

>400-500k = small house in a <50% white area

>500-600k = 3 bed 2 bath starter home in a 50% white area

Ended up renting an AirBNB for 6 months instead.

I don't think prices will come down. I don't think they're going up either. So I don't feel like I'm missing out by waiting.

>> No.56238897

>>56231470
Because I could buy bitcoin right now sub 30k which will eventually be the same price as a house

>> No.56238900
File: 74 KB, 1313x566, phoenix.png [View same] [iqdb] [saucenao] [google]
56238900

>>56232334
And what event is going to cause that?

We already sent rates from sub-3% to over 7%.

All that got us was a dip in 2022, and sellers to restrict inventory to keep prices from crashing further.

>> No.56238943

>>56231470
Literally got a whole day of viewings ahead of me, anon

>> No.56239119

>>56231492
this. they are worthless burdens like cars.