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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56569177 No.56569177 [Reply] [Original]

Lmao it's so over for hoomers

>> No.56569190

How do you people not get tired of these threads. Every single day, multiple times per day. The exact same shitflinging between hoomers and rentoids over and over and over and over and over and over and over and over and over and over

>> No.56569191

I bought in 2018 for 160k. My house is now worth 440k, and my mortgage is $1100 p/month.

I’m so fucked. :(

;_;

>> No.56569197

>>56569177
I kept saying this but /biz/niggers kept claiming everyone got a 2-3% loan and would always have the money to pay back their loans.

>> No.56569224

>>56569191
>I bought in 2018 for 160k

What third world favela do you live in?

>> No.56569264

Wait, the bank is allowed to randomly change interest rates and how much you owe on your loan contract? lmfao

>> No.56569271

>>56569264
With adjustable rate mortgages yea

>> No.56569288

>>56569224
I live in Florida on the coast.

>> No.56569290

>>56569264
For HELOC yes

>> No.56569295

almost like this person is a bong living with a variable interest rate, and not a burger sitting on a near zero fixed rate. one of these things is not like the other you fucking rubes.

>> No.56569296

>>56569288
RIP

>> No.56569297

>>56569177
>didn't lock fixed when rates were in the twos.
Many such cases

>> No.56569300

>>56569296
Yes, Daddy.

>> No.56569672

>>56569177
Dudes in Oz were getting booted off there of the plan agreements because the house valuation had exceeded the previous valuation before construction was finished. Throw in dodgy cladding and just alround shitty products disguised as house's I think things are going to be spicy . Wait till she finds mold in all the walls.

>> No.56569678

Houses are not /biz/

>> No.56569696

>>56569190
The Jolly Swag man just needs a nice place to camp. A campfire, sweet tea and some damper. You Yankie Roamers will have a gun, no doubt.

>> No.56569711

>>56569271
Why do people still fall for these?

>> No.56569718

>>56569711
Cause no one reads the fine print. They just sign and go on. I mean it's not the bank's job to tell you.

>> No.56569723
File: 19 KB, 657x527, 1596343846581.png [View same] [iqdb] [saucenao] [google]
56569723

>>56569177
>variable interest rate mortgage

>> No.56569724

>>56569191
same
I bought in 2002 for $100k and now my house is worth $980k and I have an $800 mortgage

what do bros?
colorado btw

>> No.56569728

>>56569711
They're actually pretty useful at the peak of a rate hike cycle or if you are someone who knows when rate cuts are coming ahead of time.

>> No.56569737

>>56569190
silence renter. the Landlords are talking here.

>> No.56569743

>>56569711
USA is an outlier with its 30+ year mortgages (I think, maybe some other countries have it too). From the word "flatmate" I'm guessing the lady in the image is from NZ or Australia, here in NZ you can only get up to 5 years fixed, people generally get 2 or 3 years.

>> No.56569746

>>56569724
Kek, bought my house during the 2008 fallout. Pay $400 a month. House is worth well let's just say the payments would be way way higher if you'd buy today. 3bed,1.5bath,garage,basement, and an actual fucking yard that isn't the postage stamp size inside a smallish city.

>> No.56569812

>>56569197
It was a failure of imagination. I simply couldn't comprehend anyone choosing a variable rate when they could lock in 3 percent for 30 years. Turns out my neighbor did this. Dumb fucks choosing variable rate because its .5% less? Forgive my ignorance.

>> No.56569841

>>56569743
>here in NZ you can only get up to 5 years fixed
And the rates are real fucking bad for those too.

>> No.56569849

>>56569191
>>56569724
Why do 50 year olds still think they should be posting on 4chan? Go shitpost on Facebook you boomers

>> No.56569861

>>56569743
huezil also offers them and probably many other poor countries.

>> No.56569863
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56569863

>>56569849
4chan is a 40+ community

>> No.56569872

>>56569264
The US is the only country with 30 year fixed rates, Canada and Eurocucks have adjustable rates only.

>> No.56569883

>>56569849
I’m 35, faggot.

>> No.56569896

>>56569863
>>56569883
Didn’t ask, you fags aren’t even who I quoted

>> No.56569908

>>56569896
I’m one of the people you quoted. I’m 35. I bought my house when I was 29. You think you have to be old as fuck to have a job and get a loan? Weird niggerino.

>> No.56570048

>>56569872
I have a fixed rate in Canada

>> No.56570063

>>56569177
> Down in value by 80k
Who's going to tell her?
In Toronto the trend is to set new builds on fire.

>> No.56570067

>>56569190
don't ask about asuka vs rei

>> No.56570069

>>56570048
Not fixed for 30 years you don't

>> No.56570354

>>56569872
Rare American W

>> No.56570366
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56570366

>>56569177
What do you guys suggest for paying off a reverse mortgage balance of $260,000 in my early 20s with an average monthly income of $1100/month?
Suicide? This has to be accomplished within the next 5 years because the elderly grandparents don't look so good

>> No.56570371

>>56570366
>What do you guys suggest for paying off a reverse mortgage balance of $260,000 in my early 20s with an average monthly income of $1100/month?
I suggest getting a better job.

>> No.56570378
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56570378

>>56570371
My options appear to be public service (police), working at a car dealership, or working at some sort of IT helpdesk at a local college. No degree, $10,000 in debt, and I live in the sticks about 30 miles from the nearest town. Where are all these $300k/month work-from-home jobs?

>> No.56570390

>>56570378
>$300k/month work-from-home jobs?
Are you a senior architectural programmer?

>> No.56570399
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56570399

>>56570390
No but I'm willing to do a paid internship (where I pay to be an intern)

>> No.56570408
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56570408

>>56569177
>bitch can afford nearly a million dollar home
>signs the loan on adjustable rate mortgage at a time with historically low interest rates
what was the endgame

>> No.56570414

>>56569264
yes it's the oldest rug pull in the book

>> No.56570419

>>56569724
Bro sell

>> No.56570424

>>56569177
Wait, what, why would take a loan with a variable interest rate? Specially when at the time the rate was 0, so there was only a possible downside to it.

>> No.56570436

>>56570408
>>56570424
30 year fixed is burgerland only

>> No.56570438

>>56569724
That’d be good if the state you bought in didn’t become some gay tranny blue state in that time period. Rent chads could have packed up and gone to Wyoming

>> No.56570451

>>56570436
This is bullshit. In my country a bank can give you a fixed interest rate too.

>> No.56571008

>>56569872
Not true retard, lots of european countries have 15yr fixed or more

>> No.56571020

>>56569177
Hi kiwi fag

>> No.56571053

>>56569191
oh no, its over for you ;(

>> No.56571109

>>56569190
This whole board is just the same shit over and over. Even the jokes are all the same. Really boring stuff

>> No.56571154

>>56569177
Sounds like my ex except there's a kid tossed in there. Poor girl.

>> No.56571165

>>56569191
Man you are fucked. I payed to 200k in 2017 and its now worth 600k. Mortage is €80p p/month. I want to rope:(

>> No.56571189

>>56570436
We have 30 years ficed rates in the Netherlands.

>> No.56571198

>>56571165
€800*

>> No.56572170

>>56569190
>based living at home with parents

>> No.56572198

>>56569177
>i blame my older coworker into brainwashing me
Lol

>> No.56572230

>>56571008
Did I say 15 or more? no, I said 30 year fixed rate, The US is the only country you can get a 30 year fixed rate mortgage, retard.

>> No.56572457

>homo-owners brag about being wealth and locking in their mortage for 30 years
>look at https://www.reddit.com/r/RealEstate/comments/17nvrsc/what_of_your_aftertax_household_income_goes/
>most UPDOOTED comments state mortage payments alone are 40-50% of post-tax household income
KEK

>> No.56572511
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56572511

>>56569743
>up to 5 years fixed
I don't get it at all. The loan has been given, the house has been bought, the money has been used, the repayments have been made regularly for 5 years and then the bank can just go yea hey we're quadrupling your monthly rates starting immediately and you can suck our ass about it, sorry, global economic circumstances outside of our control. All that half a fucking decade after the initial transaction. How is this shit allowed?

>> No.56572551

>>56570067
yeah don't ask because Misato is the gentlemen's choice

>> No.56572562

>>56569288
Eww…

>> No.56572565

>>56572511
if you get really into it you will start to wonder why usury is allowed at all.
Usury is basically a law that guarantees the wealthy to make more money for zero risk.

>> No.56572671
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56572671

>>56572230
Stop lying you dumb American
https://www.lloydsbank.nl/hypotheken/actuele-rentes-hypotheken

>> No.56572712

>>56569177
Another rentooooor cope thread.

My house has doubled in value in 5 years. Have fun paying rent for the rest of your life niggers. kek

>> No.56572715

>>56569724
god im such a fucking retard for not buying a house in 2002 when I was 8 years old. ill never financially recover from this

>> No.56572720

>>56569288
I'm so sorry anon

>> No.56572742

>>56569746
god im such a fucking retard for not buying a house in 2008 when I was 14 years old. ill never financially recover from this

>> No.56572764

>>56572715
>>56572742
Sucks to be you. You won't recover from this. You'll live off the UBI like all of the other niggers while the USA collapses under the weight of you worthless fucks.

>> No.56572787

>>56572712
Not to fast fellow hoomer! Depending on where you live, it is highly likely that your government is thinking about was to fuck you over through taxation.

>> No.56572808

>>56569177
their loan interest rate is going up?
where is this?
US? UK? or Leafland?
who the fuck finances that kind of principle with a variable (guaranteed to only, ever, go up) interest rate mortgage?