What is better? I have some stocks, and can affort a morgage but im wary. Should i keep renting or get morgage?Should i keep investing or is the market gonna crash. Use your glass magic sphere if you must
Build from scratch. Debt free..
>>60996058I'm going to wait. Since I missed the good price, might as well not buy the peak now. And if it's not the peak we're fucked anyways.I may be a retard though.
>>60996091Yea, in not sure its going down ever. Maybe only in a crash.There’s too little hones for too many people, so the demand is high always
>>60996101Homes*
>>60996101>There’s too little hones for too many people, so the demand is high alwaysIf only that was the only issue it would just be a matter of waiting until the supply catches up. Where I am the demand for appartments in the city directly increased the price of land in the suburbs and rural areas as well. I'm waiting for that to cool off, But who knows. Also a crash is here. We're in it, income to price is worse than 2008.
>>60996058Live with parents until the bubble pops.
>>60996181The bubble can only pop once the boomers start dying out and leaving their homes empty. This bubble has been inflating thanks exclusively to the massive immigration wave from after Covid. This is happening all over the West btw. In Spain we are getting close to 500.000 south american immigrants each year since 2020. In a country of 47M people this is like importing 1% of the population each year. You can guess how horrible the housing prices in Spain are. The housing prices have grown 12% in the second trimestre this year.It's a crisis entirely made by governments feeding property prices for the boomers. The last FUCK YOU to millenials and zoomers.
>>60996221>The bubble can only pop once the boomers start dying outAnd it will happen. Anyone buying/renting at current prices is insane. You're getting ripped off. Even if you have to wait a decade, it's preferable to getting scammed.
>>60996235The problem is that our governments would rather import millions more of brown people to keep prices up than let the market correct itself.I just wish we deported all the browns already. Rip the bandaid off and let the market and pensions crash now instead of kicking the can down the road again.
>>60996058
>>60996058way too many windows on that thing
>>60996242But rhe browns dont really have money to buy, they capture the renting properties, they get goverment moneys for that.
>>60996058Heres the math:- You can get atleast 3% post-tax from your investments (if you're generous, 6%)- That means, if BUYING/RENT (annualized) is higher than 30, you're likely better off renting- If its below 20, you should buy- If its above 40, you should rent
>>60996393Even if they don't buy they inrease demand for housing. They rent rooms and live like roaches so they can afford appartments in the city where they work.
>>60996235> Anyone buying/renting at current prices is insane.that's what they told me in 2021. Plebbit REBubble was screaming don't buy and laughing at buyers then bought in 2021 peak paying 20% over asking in the $400K range. now its worth over )$850K neighbor just sold) with a 3.25% mortgage. > wait a decade, it's preferable to getting scammedwhile you wait a decade in your cuck shack, I am enjoying mornings in my beautiful Japanese maple garden in an appreciating house that will probably double in value in 10 years while inflation eats away my debt on it
>>60996549Yea, i guess the time to buy is always. Even if it goes down you’ll still have a home
>>60996058Depends on your situation and location.
>>60996058Stop thinking of buying a house as a purely financial investment. If you can afford to do it, get a house somewhere that's nice and where you to live. Unless you're trying to be a landlord in a multi-unit, stop worrying about making money from your primary residence. Everyone says not to time the stock market, but everyone tries real estate market. Makes no sense.
>>60996638I would buy a house stricly for living in, not as an investment
>>60996101Same. Issue I’m seeing now is that there’s way more inventory, but the percentage of actual desirable houses anyone would want to live in is still relatively low. So any house you’d actually want to live in still has offers over asking and multiple offers. While all the shit boxes rot on the market and get price cuts.
>>60996166> Also a crash is here. We're in it, income to price is worse than 2008.Also this.
>>60996668Yea, the nice houses get overbid also, so the asking price is the starting priice
>>60996058buying a house was the biggest financial mistake of my life. i'd only buy again if it was somewhere i planned to live for the rest of my life
>>60996777Why what happened?
>>60996780just the amount of money i've had to put into repairs and random shit has not been worth it. thinking about the amount i could have made in the last 4 years investing all that extra money makes me want to cry.on the bright side i bought when interest rates were still 3%
>>60996816But slowly you’re paying off the morgage, so eventually it will be a better situation.Rent just goes in an empty hole
>>60996221It doesn't help that a lot of boomer houses are in undesirable areas with bad jobs.
>>60996058This kind of house is really nice during the day but I'd be scared at night.
>>60996075using debt is the ONLY way to get ahead in this fake zombie economy
>>60996058depends on what YOU need, reality is mortgage rates are dependant on the 10->30yr treasury and theyre only going up WHICH means home prices will drop because mortgage rates are going up and no one can enter...the longer that goes on either banks slurp homes DOUBTFUL or boomers die unable to sell and prices get nuked but rates are highwould recommend just entering but also picking a house you WANT to live in forever
>>60996777>i'd only buy again if it was somewhere i planned to live for the rest of my lifethen whyd you buy it at all? kids?
