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/biz/ - Business & Finance

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57317219 No.57317219 [Reply] [Original]

Millennials are fine with owning nothing as long as their monthly payment is lower

>> No.57317231

>>57317219
He's not. He's saying it's fucked up and something is going to give.

>> No.57317253

>>57317219
He is literally saying he isn't ok with it you goober. Go back. Never post here again. I feel sorry for the oxygen unfortunate enough to be consumed by you.

>> No.57317273

>>57317219
Brainlet take. Your taxes, interest, HOA, and insurance cost more than the rent. And it rises as fast as the rent. There's no longer a financial incentive to buy while interest rates are so high or when costs are rising so much.

>> No.57317280
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57317280

>>57317219

>> No.57317303

I've read that banks are pissed at rich people that buy houses with cash. They can't make any interest off them. Plus they raised prices so high the middle class can't give the banks big interest payments because they can't afford it.

>> No.57317359

>>57317219
>dude just pay more for the same thing

>> No.57317362
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57317362

Yes so, assuming higher for longer, what happens to loan principal?

>> No.57317870

>>57317231
>>57317253
You're right, rents should cost more.

>> No.57317920

>>57317219
I don't think they understand that the utility of living somewhere is not the same as owning something you could sell later, as well as living somewhere.

But that's ok, keep paying off someone else's debt, and wonder why you stay poor.

>> No.57318117

>>57317362
Literally nothing

>> No.57318202

>>57317870
Then wages need to give and people need to bulldoze all the multifamily that is getting finished right now. Rents are tied to local job market, not your mortgage payment. Apartment complex's are fucking SFH land lords right now.

>> No.57318373

>>57317219
>I rent a townhome for $3500
Hes not qualified to give an opinion on anything other than what color crayon tastes best

>> No.57319363

>>57317219
>HOA included
Pass

>> No.57320774

In 5 years he will pay 5k rent
In 7 years he will pay 7 k rent
In 10 he will pay 10k rent
In 20 years he will struggle to find the 25 k for the rent each month.
In 30 years he will wonder why he is homeless and the guy down the street just lives for free.

>> No.57321216

>>57320774
in 5 year, bitcoin will 30x
in 7 year, bitcoin will 70x
in 10 year bitcoin will 100x

so it literally doesn't matter. I have a bunch of bitcoin and i wont sell it to buy a house. buying houses is for retards now that bitcoin is a thing.