There's way too much pressure to buy a house

[Anonymous No.57278395]

It's such a monumental step towards my total freedom aka escaping the rat race, but here's the thing, I absolutely refuse to surrender another few decades of my life just to buy a fucking house.

That's why I entered crypto to begin with. At least I have an exit plan eventually when I get the portfolio value (also factoring in potential taxes) to finally buy a house. Problem is, THE FUCKING WHALES KEEP IMPEDING MY FUCKING PROGRESS!!!!!!!!!!!!!!!!!!!!

Why is life so unbelievably fucking difficult?!?!? Why am I surrounded by lucky cunts everywhere able to 100x in crypto and make it without doing a damn thing? When I try working, I can't get promoted and instead the promotion is handed over to the lazy DEI person just because they fall under that sphere or it's handed to the popular guy on campus.

Life is so unbelievably fucking unfair.

[Anonymous No.57278397]

>>57278395
just fuckin rent

[Anonymous No.57278404]

I forgot to add, I'm trying to buy a small house in cash, bypassing the mortgage part. I've been under a mortgage before but it was an utter fucking disaster. Golden handcuffs indeed. When I said "surrender 30 years" in my OP post, I meant surrendering the next 30 years getting trapped in a full time desk job, but of course many of you probably I already knew that.

[Anonymous No.57278410]

What pressure is there other than the pressure you're putting on yourself? It's a big world out there and some markets are fairer value than others.

[Anonymous No.57278424]

>>57278395
>t. chink
owning a house is overrated, repairs and maintenance and property taxes it all adds up it sucks

[Anonymous No.57278426]

>>57278395
>THE FUCKING WHALES KEEP IMPEDING MY FUCKING PROGRESS
You say this like its coincidental my man. Whales are whales because they feed off people like you for their profits. It's part of the game.

[Anonymous No.57278430]

>>57278395
A house doesn't give you any freedom. I bought a house 2 years ago and then I lost my comfy wfh job. Now I have to sell it and move wherever I end up finding a job (probably to a much higher cost of living area where I won't even be able to afford a house) and I'll most likely have to keep doing it over every few years. There's no point in owning a house in a country that's so spread out and where economic cycles keep destroying your job security every few years.

[Anonymous No.57278437]

Fuck owning a house bro.

>b-b-but it’s an investment that’ll make you money in the future! Renting is a waste of money!

Yeah fucking great idea to invest in something that costs easily 10k a year in maintenance, upkeep, and taxes, and when you sell it you have to buy into the market at the same time because you need a fucking place to live. Honestly boomer ass goal.

[Anonymous No.57278441]

>>57278404
>>57278395
you are a fucking retard. a low mortgage rate is basically free money, not even counting the tax breaks you get lel.

I can't help people this stupid

[Anonymous No.57278442]

>>57278426
I know, they're evil cunts. Of course they don't care if they destroy the lives of millions around them, that's the evil that burrows deep inside of them. They're absolute vile filth.

[Anonymous No.57278460]

>>57278404
>I'm trying to buy a small house in cash, bypassing the mortgage part.
retard alert

[Anonymous No.57278476]

>>57278442
There's that saying that the market can stay irrational longer than you can stay solvent. The big guys don't care whether their portfolio value drops or rises by millions unlike the regular guy who can't afford to wait.

[El Arcón No.57278483]

Is this about me?

[El Arcón No.57278491]

>the way to escape the rat race is to run the rat race until your heart gives out and you die

[Anonymous No.57278504]

>>57278460
Look dude I understand there's still the insurance and property taxes + potential repairs even after buying in cash. Like I said above, I've had a mortgage before so I'm not totally inexperienced. I did learn some things about buying the right home though, especially in regards to the year it was built, the type of land it's on, etc. The whole point in buying a house with cash is that you don't have nearly as big of a monthly payment, and you can bypass the absolutely disgustingly outrageous compound interest on all of those monthly payments.

[Anonymous No.57278531]

>>57278395
>THE FUCKING WHALES KEEP IMPEDING MY FUCKING PROGRESS!!!!!!!!!!!!!!!!!!!!

Anon you'll soon realize whales are nothing more but easily manipulated useful idiots

[Anonymous No.57278827]

IMAGINE WILLINGLY CHAINING YOURSELF TO A SINGLE CITY AND EVEN PAYING FOR THE PRIVILEGE OF DOING SO LMFAOOOOOOOOOOOOOOOO

[Anonymous No.57278916]

>>57278504
Do you live in America? Literally why bother living in a developed country if not for easy access to cheap debt. Just don't leverage up to your literal eyeballs and you'll be fine. If you can save up a six-figure sum by hook or crook, you shouldn't be so concerned over minmaxing your monthly payment.

Really my first response to this thread is merely to shed the NPC "pressure to buy a house" you described, as that decision (especially in 2022-24) is not such a black and white obvious winner as it had been in some particular recent years. It's complex and not right for everyone all the time, so don't get worked up about it.

But if you're trying to do it by gambling into a cash purchase? Then why are you even so concerned with real estate? The only reason it's such a popular subject for normie-gossip is BECAUSE it's the one thing a bank will let any loser normie borrow $X00,000 for. You just don't get access to that kind of capital for nearly any other purpose in an average person's life.

You are a man caught between two worlds. You are too schizoid to just borrow a sensible amount of money for a modest home in a decent area and pay the interest as the price of accessing that capital. But not schizoid enough to go genuine-Sigma-mode and unshackle yourself from normie expectations for how you should live your life.

>but Le Debt Makes Me Depressed
Debt makes me euphoric, because I'm a red-blooded American. I don't give a fuck.

[Anonymous No.57278954]

>>57278395
What separates the winners from the losers is how a person reacts to each new twist of fate.

Donald Trump

[Anonymous No.57278963]

>>57278395
We're gonna make it bro just be patient and stay strong

[Anonymous No.57278985]

>>57278437
>10k/year in maintenance, upkeep, and taxes
Yeah, maybe if you're a retard that doesn't know how to use tools and hires contractors to fix every little thing that goes wrong. Maybe develop some basic life skills. Did you not have a father?

[Anonymous No.57279224]

>>57278395
>26 and living with parents
>Also making a lot more money than parents
They say they don't mind but I also feel bad for taking advantage of them like this.

[Anonymous No.57279242]

>>57278395
is not the whales and is not unfair, you are a fucking retard to put your hope in a bag and gave your money to scamers, life is not unfair or fair and if your a useless broke idiot then you deserve it.

[Anonymous No.57279400]

>>57278916
>debt makes me euphoric, because I'm a red-blooded American who loves sucking Schlomo's cock.
For what it's worth, I do generally agree with you though.

[Anonymous No.57279408]

>>57279224
Same I make more then twice my dad and only pay modest boarding 1/6th of the rent. He wants me to save and get ahead so I won't let the opportunity go to waste.

[Anonymous No.57279443]

index funds will give you 7% over 30 years why the fuck would you need a house? Unless you're about to marry a woman and she really wants to own instead of rent for some reason

[Anonymous No.57279482]

>>57279400
I love spending Schlomo's money.
>nooooo, you have to "earn" money before spedning it!!
>I'm gonna EAURRRRRN!!!
Literally the most retarded ngmi take on this entire board. Much less OP trying to "eaurn" by gambling on jeet shitcoins. 100x my cock.

[Anonymous No.57279489]

>>57278395
This probably sounds like a cope but I don't give a fuck about owning a house. I'm not getting married and I'm not having kids. I spend most of my time in front of my computer. So why the hell do I need a lot of space? 1 bedroom condo/apartment is fine. I also hate doing home repairs. Had to help my boomer dad out with that shit when I was young

[Anonymous No.57279511]

I bought a house for 160k in 2013, which was a reasonable price back then. I fixed it up with my dad because it was a bit outdated. Spent maybe 30k on that. It's now worth almost 500k.

I have my interest locked in at 1.98% for the remainder of the mortgage and used my crypto profits several times to do extra redemptions. In hindsight this was not the smartest move, but I now pay less than €200 euro per month for the remaining 19 years. The bank is even pushing me to do penalty free extra redemptions because of my low interest rate. They are losing money lmao.

Meanwhile I see zoomer co-workers scramble to engage in +500k mortgages. I haven't made it, but goddamn it feels like I have sometimes.

[Anonymous No.57279541]

>I absolutely refuse to surrender another few decades of my life just to buy a fucking house.
You retard, you're looking at it wrong. You're not sacrificing anything by buying a house. You HAVE a certain amount of credit already set aside in your name for a house purchase, it's fucking backed by the government for your first house. And you get mortgage interest deducted from your taxable income, so the money you spend on the interest goes untaxed and the equity, although taxed, is yours to keep. You're paying rent either way (unless you move back with your parents), so it's a triple win to get a mortgage and buy a house (1 you need housing, 2 you build equity, 3 more of your income goes untaxed). There's even a fourth bonus in terms of constitutional rights/protections that I won't go into here).

If you don't buy a house you leave that credit on the table, and you can't use it for anything else like CCs or a car anyway. It's specifically for a house. But my interest rates, you might whine: suck it up. Even though they're high now, that's bringing down the sticker price of housing even with all the inflation going on. So lock in the STICKER PRICE now, and suck it up with the interest rate for a few years, guess what: interest rates go down. You can refinance.

But what if I lose my job you might whine: there's government programs for that, too. It's actually really hard to foreclose and evict on someone who's making an honest effort, or even a token effort. I know a guy who simply promised the bank to keep maintaining the house and yard and didn't pay his mortgage for 2 years. Then he got a short sale approved and walked away with no foreclosure, not even any debt left over. The bank ate the loss, not him. After two years of renting he was able to get another mortgage to buy a new house.

Almost the very first thing you should do after getting your first "career" job is buy a house.

[Anonymous No.57279705]

>>57278424
I used to have a house. I miss it.

[Anonymous No.57279775]

>>57278395
>Life is so unbelievably fucking unfair.
its going to be so funny when all your normalfag friend who lived life on autopilot and bought houses because "its the thing to do" are going to be an order of magnitude richer than you just because you had the gall to think you could outsmart life and take a shortcut off the well trodden path

[Anonymous No.57280815]

>>57279482
There's nothing wrong with that, obviously. However plenty of people, unlike you, take on shit-tons of leverage and get bent over and fucked silly. Although frankly they deserve it.

[Anonymous No.57280981]

>>57278404
>I meant surrendering the next 30 years getting trapped in a full time desk job
that's the reality of all boomers who bought a house

[Anonymous No.57281040]

>>57278395
> Buy an undervalued house that needs some fixing up
> This increases the value of the house
> Get an additional loan on the house for investments, thus making the interest tax-deductible
> Rinse and repeat
???
profit

[Anonymous No.57281081]

>>57278395
>Life is so unbelievably fucking unfair.

HAHAHAHAHAHAHHAAHAHAHAHAHAHHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHHAAHAHAHHAAHAHHAHAHAAHAHAHHAAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAAHAHAHHAHAAHAHAHAHAHAHAHAAHHAHAHHAHAHAAHAHAAA!!!

[Anonymous No.57281088]

>>57278424
Chinese don't cry because life is unfair, gweilo. only white mutt rednecks do that. enjoy 20% rental increases at 60 years old and seeing your shit tossed to the curb. you only have 10 year old bags of chips and empty bins of drink powder anyway.

[Anonymous No.57281095]

>>57278395
Lmao
>owning a house is a way out of the rat race

[Anonymous No.57281101]

>>57279775
most people max loan anyway. if the banks pre-approv 1 million, white consumers will get a house for 1,10 million plus move in costs. israel doesn't get those free weapons for nothing.

[Anonymous No.57281176]

>>57278441
absolutely, but you have to be a proven wagecuck with a stable job.
Something thet could hav ebeen applied to boomer ages, but not this gig wef economy
Assuming OP is a White male in the US...good luck with that bet for the next 30 years

[Anonymous No.57281213]

>>57278395
Renting is genuinely a good deal right now. Rent.

[Anonymous No.57281485]

>tfw crypto rich but house poor

Where do I go from here?

[Anonymous No.57281547]

>>57278395
Usually for someone to 100x a lot of other people have to lose everything

Are you alright with that? The only crypto right now with sustainable growth and actually make money is ethereum

[Anonymous No.57282123]

>>57281088
True, Chinamen are more than willing to bend over and get fucked in the ass by their corporate or government overlords, like the submissive dogs they are, hence their deplorable living conditions. It's no wonder they leave China the second an opportunity arises.

[Anonymous No.57282152]

>>57278395
>It's such a monumental step towards my total freedom aka escaping the rat race
Only if you do it without mortgage else it's just locking yourself in the wagecage for 30 years

[Anonymous No.57282174]

>>57278395
Normies are retards, don't worry about it. You shouldn't even be thinking about buying a home if you're still unmarried and childless. Keep renting in the meantime and use that capital to invest. Stop being emotional about normie shit.

[Anonymous No.57282185]

>>57278395
Stop being such a lazy pussy faggot. The only thing you can control is you. Forget about other people and comparing yourself to them. Work harder at actually understanding the market if you're not getting decent returns in crypto. As you're on biz you're probably invested in dinosaur boomer coins from the last bullrun. Stop it. Think about what the new narratives are going to be and do some proper research.

[Anonymous No.57282201]

>>57282174
>You shouldn't even be thinking about buying a home if you're still unmarried and childless.
true, the only reason to buy a house would be if you are gonna have kids. else its not required.

also with current interest rates you basically pay 3 houses in that thirty year mortgage. the jews aren't stupid. you basically pay a million dollars for a 300k house.

[Anonymous No.57282206]

>>57282185
>As you're on biz you're probably invested in dinosaur boomer coins from the last bullrun. Stop it.
yeah I hope this place isn't your main source of trading info, lol - nu-biz is a shithole

[Anonymous No.57282215]

>>57282152
This is bullshit. 100% of your rent payments go to a landlord. You may as well be setting it on fire. At least with a mortgage some of that money goes towards building equity. House prices are never coming down so you could be priced out forever.

[Anonymous No.57282233]

>>57282215
>House prices are never coming down so you could be priced out forever.
Shitcoin and trade until you can buy outright. Do not take up a mortgage. Again: why do you NEED to buy a house if you're still young and don't have to set roots down? Wait until you can buy outright.

[Anonymous No.57282299]

>>57282233
I clarified in my 2nd post that I'm looking to buy in cash, hence why I'm complaining about the stupid heroin hero dragon that I can't catch (in this regard, the uncatchable dragon is the house).

This market sucks so many fucking dicks at once it's fucking unreal.

[Anonymous No.57282317]

>>57282299
The rest of this decade is probably going to be weird as fuck - especially the next couple years. It might be smarter to keep most of your liquid assets in self-custodied crypto, that way you can be mobile and move around as you sneed to.

[Anonymous No.57282466]

>>57278395
This is progress.
In the old days you'd get married and then the entire village would come together for a weekend to build you a cabin for free.
Now if you're lucky you can have a paid off house by the time you are 58 and then you'll be ready to start your real life.

[Anonymous No.57282512]

>>57278504
No what he's saying is that you're a retard for buying in cash.
In /biz/ retard world, you're supposed to load up on debt and then beat the interest rates by """"investing""""
Apparently biz is full of brilliant renaissance men who understand markets better than entire teams of financial experts working at lenders.

[Anonymous No.57282529]

another thread of a delusional lonely manchild with no family or children thinking he deserves a house

[Anonymous No.57282534]

>>57282466
the key word in your post is "marriage" most people who post these trash threads are lonely and miserable and think that owning a house will magically turn their life around

[Anonymous No.57282585]

>>57279775
Yeah you're going to be fucked until you learn how to take shortcuts right

[Anonymous No.57282596]

>>57278395
Huge potential for gains in crypto even just holding majors for the next several years while housing market is still at its peak. Easy decision to rent the cheapest place you can and put every dollar you can into a (not retarded) portfolio. Plebs leverage all of their wealth on top of massive lifelong debt for one house. If you're smart you won't spend more than 20-30% of wealth on a property when you're in a position to do so. The compulsion to be a normie drone is too much for most but I don't have that problem. Halfway to my first million and climbing. Most won't understand and I don't care to be understood.

[Anonymous No.57282603]

>>57278460
Why is that retarded? Half a mortgage is interest at the moment.

[Anonymous No.57282620]

>>57282603
In the market environment we're in with crypto bull kicking off and global liquidity rising both a down payment and those huge monthly payments due to interest rates are a massive fuck up on opportunity cost.

[Anonymous No.57283472]

>>57282529
oh but if he fucked and had a kid with a 250lb bitch he would suddenly be a MASCULINE husband and father deserving of a house?

[Anonymous No.57283855]

>>57279775
>its going to be so funny when all your normalfag friend who lived life on autopilot and bought houses because "its the thing to do" are going to be an order of magnitude richer than you just because you had the gall to think you could outsmart life and take a shortcut off the well trodden path
This is pure unadulterated copium. Most normies who follow the rules these days are completely rekt. At best they are house poor with their $1M shack and paying 6% on $900k loans whilst making $100k per year gross. Normies don't understand basic mathematics so they're easy to bait into debt slavery.

[Anonymous No.57283895]

>>57282596
This. /thread