House prices are currently overinflated, especially in my first world white country.Let's say you spend a million bux on a home to live in. Your interest on that million dollar loan will be $1,031,436 based on an online calculator. In 20 years if your home hasn't at least doubled it won't be worth it. In fact you're just breaking even.Paying cash for a house is best, save yourself 50% interest. What other options are there? I don't think buying houses is viable anymore. Not if you need to get a loan.
Inherit your parents paid off house and either rent it out or live in it. Do NOT sell
>>61312506I have to sell my parents house because I can’t afford the huge taxes on it
>>61312643Take out a loan to help with costs until you can rent it out or rent out rooms. Do not sell. Even if you cant manage the properties upkeep theres companies out there who willDo NOT sell. Having a house is an immense financial opportunity.
>>61312670But who would want to rent a huge house? It’s out in the sticks where there is no great rental market.
>>61312499There is so much real estate out there. We've built so many apartments, there are so many empty subdivisions. Guys seriously open your eyes USE YOUR MIND do not be a buyer right now you're literally insane.
I'd rather just rent an Airbnb in sea with a rooftop pool and gym for $800 and buy memecoins
>>61312499The west is experiencing a pendulum swing towards the right meaning repatriation of foreigners will be on the ballot within the next decade(already is in some countries). This combined with the knowledge that a far from negligible amount(>60% in certain west European cities) of the property value in the last 20 years has been caused by population growth(all foreign).If your eu and investing in property outside the biggest cities = retard, and I imagine it's a similar situation in the us with the 10s of millions of mexis playing a big part in driving up rent/prop valuations. The entirety of the west has a shrinking native/productive population, the only reason to think property value would continue to rise is if you think immigration will ramp up even more and successfully overthrow native whites(in turn tanking productivity and valuations).
>>61312499You need to offset the rent you have to pay every month over 20+ years from your calculations, it's not like you can invest your mortage money in the stock market and just not have a roof over your head for 20+ years, unless you're planning on living with your parents into your 40s or 50s.I tend to agree that normies who think that a house is always an intrisically great investment are retarded and if looking at this purely from the investment opportunity lens then in theory you'll most likely get better returns on your money in the markets - especially right now, housing is extremenly overvalued globally, so I'm not looking to buy until/if things return to sanity.If you're younger imo the move is to:1. Live with parents as long as possible and save/invest like hell - this means having the discipline to actually put everything you would be spending on rent into and ETF or something.2. When you move out of home, hopefully you're earning a bit more by now and can continue to add to your savings.3. If and when housing valuations come back down to earth go in with the largest deposit and shortest term loan you can get - this should get you a better interest rate.4. Get a room mate or two if you can to help ease the burden.
>>61312499homes aren't overinflated. western countries have unanimously made a choice to view their "citizens" as economic opportunity zone labor market participate tax slaves. there's no shortage of goy retards fighting tooth and nail to go into massive amounts of debt for 30 years (soon to be 50 years). supply and demand is working exactly as intended.
>>61312499Skill issue. There are a number of simple methods to ameliorate the interest burden:a) cash purchaseb) larger down paymentc) shorter mortgaged) accelerated payments
