>renting my 2 bedroom apartment will cost $1.2 million over 30 years>buying the cheapest house in my area ($400k) will cost $2.9 million over 30 yearsWhy did they make it a dumb financial decision to buy a home?
i bought my condo for 105k in 2023its now worth 165ki paid cash
i guess some people think sharing a wall with obnoxious retards isn't worth the savings
>>62483397subtract your homeowners insurance, HOA, and tax payments from that $165k. if you bought $105k of VOO (Vanguard S&P 500) in 2023 it would be worth $210k today. if you bought VGT (Vanguard IT) it would be worth $310k.you're better off than most, but you still lost money in the deal>>62483400i live in a split house. all my neighbors are old ladies
>>62483394Lower the interest rate and redo the calculations.Also take into account the landlord taking your deposit.
>>62483394>Initial costs 0 for rentingWrong. They always take 3 months of rent as a deposit that you don't get track.
>>62483394Rent is 1.1k for a 400k house.Monthly rent is 0.5% of the value of the house.Since it's 400k, rent will be 2k. The safety deposit will be 6k.
>>62486247surely he just fucked up the calculations by accidentthere's no way he could be lying to bait arguments on 4chan
>>62486229>Lower the interest rate and redo the calculations.That's the market rate. Even with a 30 year VA-backed loan at 5.75%, renting will be much cheaper>Also take into account the landlord taking your deposit.I already made my deposit so it's no added cost >>62486240I paid first month + security deposit>>62486247>Rent is 1.1k for a 400k house.I didn't say they were for the same building>>62486261you're retarded
It's a Rvturn to NormalThe plebs were only supposed to able to afford shitboxes and live their life slaving away for their landlord. Meanwhile actual detached houses were for the elite.
>>62486319Did you add a 5% rate of return for the house and also reduce the down payment to 5%?
>>62483394>Goyim is so dumb he can only lose money if he buys a house renting is way cheaper even in a long run>his jewish landlord is so smart he can buy a house rent it to the goyim (supposedly a loss if the first statements is true) and somehow make money. >both of this are true somehow.
>>62486330house appreciation was already 4.5%. moving to 5% changed very littlechanging downpayment also changed very little
>>62486346Rent should be for the same building.
>>62486346Rent will increase every year. Buying a home will stay flat or move very slightly. And PMI drops off once paydown + value increase makes LTV below 78%
