Renting is mathematically more profitable than owning a house if you invest the difference in the stock market.After 50 years>Renter net worth - $3.1MM>Homeowner net worth - $2.7MM>b-but muh paid off mortgageDoesn't matter, due to compounding your net worth NEVER catches up to the lost opportunity cost.Why do you still own a cuckbox?
>>61604680Is this based on current american valuations?
>>61604680depends on your location.oddly enough a house in albuquerque isn't going to go up as fast as a house in aspen.it's weird.
>>61604680Well I can't keep living in my mom's house forever
what if you buy outright? avoiding extremely high closing costs and no interest is a game changer.
>>61604702First word of OP's post is "renting". Ever heard of it?
Western governments had to prop up real estate as an asset so their pleb voting bases wouldn't realize they were getting progressively poorer as they wasted decades living paycheck to paycheck with no investments or even savings, and the inevitable collapse of social welfare Ponzi schemes loomed on the horizon. They could always fall back on "At least you have 'home equity'! It wasn't all for nothing!" and the millions and millions of utterly fucked peasants in the UK and Canada and Australia and the USA could sleep easy (after they drank their liquor and took their Ambien and Prilosec pills and put on their CPAP machines).
>>61604691what OP is saying is even more true now then ever, since you only get future returns not returns from the past 20 years. If you buy a house today you are not going to get less returns than someone that bought in the last 20 years
>>61604712beautifully accurateexcept they can sell their cucksheds and move to ecuador and live like kings without lifting a finger in an expat pretend USA built just for them.
>>61604721are*
>>61604680>if you invest the difference in the stock market.that's the rub, huh?nobody actually doesyou buy a house and the bank forces you to invest in it every month.
>>61604710This isn't Europe, my parents charge me rent
>>61604721>>61604726
>>61604680I believe this, but what happens if everyone starts doing this?
>>61604680Yeah, rent a place so your kids will never have a legacy, oh wait you don't want to have kids? sorry, I thought I was at the adult's table, good luck.
>>61604680Yeah but I like owning my own houseNothing feels comfierhttps://www.youtube.com/watch?v=XamC7-Pt8N0
>>61604826Legacy? The American Dream is that they man up and buy a house of their own when I kick them out at age 18, and I sell MY house for mucho dinero and live on a golf course and take a ride in the Cashnado.
>>61604848Don't worry; you will pay for this.
>>61604680My mortgage is almost $1000 less than what the average rent in the neighborhood is. Renting is more expensive than owning in most parts of the country.
>>61604872sameI bought 24 years ago. By now my mortgage is less than half what rent is.
>>61604680I already own a house for free. Was saving to buy a second house and rent it to some zoomer. Should I just use those savings on the stock market instead?
>>61604914>Should I just use those savings on the stock market instead?YesIt's a pain in the ass to personally take care of houses that you don't live inYou only do that if you really like the idea of investing in a house you can see and touchIf you wanna diversify assets and still want to invest in physical rental property, just get a REIT etf
>>61604933thanks family
>>61604680Because the point of money is to use it to enjoy life and being a rentoid is not enjoyable unless you're the most basic bitch NPC.
imagine living in some shitty apartment for 50 years because of opportunity cost hahahahahameanwhile here I am living in a lake house enjoying my best life while renters are stuck in a tiny box surrounded by browns, and they cope with "opportunity cost" lmaoCan you imagine living your entire lives for 50+ years in apartments? Like that's all you know and will ever experience.
>>61604856Mad aah zoomer bro here is cooked, no cap thinks his salty is gonna do shit
>>61604680> if you invest the difference in the stock market.>if you choose to live somewhere worse that costs less, you have more moneyYou needed a video to explain that to you?You will not find any rental comparable to a house for the same price as the equivalent mortgage.>get 15% more wealth by living an apartment until your 70Kek I’ll pass
>>61604933what are some good REITs, i bought some O this year but it hasnt been doing so hot compared to my S&P 500 ETFs
>>61604706Buying with cash is retarded unless you're so wealthy you treat it as an expense rather than an investment.The only reason to buy property is that no one is going to give a goy credit to buy stock. But mortgages are available to all.
>>61604680Only in Canada though
>>61604680Unironically this but I’m a landlord.
>>61605160If you're living in it, then it is in fact an expense not an investment.
>>61604680>rent will just stay the same or only increase with (((inflation)))Kek renters about to get absolutely assblasted paying $10,000 a month to live in a shitbox soon enough
>>61605183That sort of inane rationalising won't change the fact that given a million bucks you can either retire and live a middle class lifestyle for the rest if your life, or buy one house.
>>61605194I like how {{{you}}} pretend you didn't get completely btfo, and immediately changed the subject.
>>61604680I own land, lots of it. Has a house on it too. You cityslicker cuckbox faggots will never have that freedom. Continue to live under the thumb of your faggot landlord and get robbed by ferral immigrants. B-B-BUT MUH RETURNS
Its like trying to explain things to double digit iq retards>>61604881>>61604872the only reason the mortgage (that is, mortgage+tax+maintenance+insurance, mortgage alone is NOT the cost of owning a house) is lower than rent is because you have been investing in the property the whole time instead of the stock market, what ever money the rentoid instead put in the stock market in that time, would be generating more money than the difference you saved in living costs). Buying a house does work as a hedge against raising living costs, but hedges by definition make less money in the long run. You are trading away increased profits for less risk. >>61605089>>61605103truly room temperature iq, the comparison is not between renting a shitty apartment and owning a luxurious home, the comparison is renting or buying the same quality asset. Either renting an apartment for 50 years or buying an apartment to live in for 50 years. If you can buy a nice house you can rent a nice house for the same yearly expenses, again for those that don't get it, a mortgage is not the cost of owning a home, it is higher.
>>61604680>You will own nothing and you will be happy
>>61606180>the comparison is renting or buying the same quality asset.oh well in that case my mortgage costs less than a tenth of what you'd pay to rent MY house.and in a few years my house will rent for $10k per month and I won't have to pay anything except taxes to live in it.but then I live in a place most people here could never afford. Though it was quite cheap when I first bought.
>>61606180You fail to see that people value some things more than new worth. Owning a house brings a distinct sense of safety and security to a person as well as allowing for you to remodel the place as you like. No landlord can say No to the new kitchen, no one will ever evict you to house their useless daughter and her baby daddy.Is a house a terrible investment? Yeah no shit, look at that concentration and idiosyncratic risk. Complete nonsense.Is a house a great investment? Yes, if it makes you happy and you can afford it.Life is about more than optimizing a goals based framework with MVOed portfolio modules.
>>61606180>truly room temperature iqadmittance is the first step to help. -are you retarded enough to think that you can rent places for less than it cost the owner to upkeep them? -do you think this fake market will go up literally forever>yesif you've ever talked to a grown adult one of the things they are most happy about is a paid off mortgage. ive yet to hear anyone say when they got x% on bs
>>61604680>if
>>61604680>the differenceRent is the same if not more than a monthly mortgage payment here
>>61604680>if you invest the difference in the stock marketBcause no one ever lost money on stock market... you kids are so delusional.
>>61604680It depends on a lot of variables.In the UK renting will be more expensive than a mortgage due to landlords selling up because of all the extra taxes and regulation, so lack of rental supply.Also, rent only increases. Mortgage payment stays the same / reduces with inflation.
renters have no money to invest
>>61606180The whole premise is to live in a rental which is cheaper than an equivalent mortgage + maintenance, etc, and invest the difference. That's going to be difficult (at least in the UK) unless you want to live in a hovel.
>>61606180A landlord will either pass theae costs onto the rentoid (i.e. no furniture or appliaces) orcharge a rent that incorporates all of these costs, plus some profit on top. If I search for properties similar to mine in my area that's exactly what I see.Renting doesn't magically make those costs disappear. You will still pay them but have no asset in return.
>>61604680Just keep believing that, Im the one making money out of your stupidity.
>can't build the house you want>can't do any significant customization or improvement without begging the owner for permission AND them reaping the ultimate benefit>can be made to leave "your" home for a variety of reasonsrenting is so unbelievably cucked it's pretty much beyond my comprehension that there are human beings who would voluntarily choose it. unless they have a humiliation kink or something.
>>61604680Most people don't invest, and even if they do, they do it poorly.
I paid cash for my house seven years ago. I like living in a place where I can do what I want. If I want to add a driveway, I do it. If I want to plant a garden I do it. If I want to paint the house red, I do it. I can knock the fucker down and rebuild it if I want. Ownership is about freedom. If you don't mind living in a box somebody else controls, doing what they tell you to do, fine. Better spackle those holes, bitch. But what is the point of your "mathematically profitable" strategy if it doesn't ultimately buy you freedom? No thanks.
>>61606180>truly room temperature iq, the comparison is not between renting a shitty apartment and owning a luxurious home, the comparison is renting or buying the same quality asset. Either renting an apartment for 50 years or buying an apartment to live in for 50 years. If you can buy a nice house you can rent a nice house for the same yearly expenses, again for those that don't get it, a mortgage is not the cost of owning a home, it is higher.lol, except in many cases there is no equivalent to rent, like where I live there are no rentals, in fact I think we banned them to keep poor rentoids like you out.
>>61606503>rental which is cheaper than an equivalent mortgage + maintenance>just live in the nigger ghetto famalam
>>61604680This video is fucking retarded. I went from renting a small studio for 1600 a month to a 1400 a month mortgage on a three bedroom. Even if the mortgage was interest only without equity, I still keep more money. An 8 year old could figure this out
>if you could find a place cheaper to rent>IFlol room tempies. rent is due the first, don't be late or that will be 499 dollars extra, the max allowed by law.everyone should rent, its super smart. definitely not by far the most expensive way to live. rent totally won't go up every single year without fail while a mortgage stays the same. landlords are basically saints, losing all that money to subsidize the rentoids. Definitely don't make massive profits. Nope, certainly not the number one profit industry in the world, must be something else.
my rent hasnt gone up in over 13 years desu.
>>61604821the same thing that happens today, rent gets dramatically more expensive than owning in most markets. unless you actively plan to move around renting is all costs + landlord profits instead of just all costs. >but its statistically cheaper in bum communist canadia!ok live there then where there's no economy and a basic house is multiple miilions of dollars due to failed communist government policy.
>>61606979not to mention moving is not cheap at all depending on how much shit you have accumulated. but add in deposits and a reasonable overlap so you aren't homeless as well
>>61606858what if home prices and rent fall? you are then trapped. population is collapsing in the future when boomers die, why would anyone want to own a home in the west currently?
>>61606990>population is collapsing in the future when boomers die>Implying western countries don't just get infinite browns forever
>>61604680A person rents because they're unable to afford a house so they're obviously not in a position to be buying stocks, the premise is retarded
>>61604680Here's the problem with these comparisons. They have to make assumptions about rent prices and mortgage rates. Rent can fluctuate more than a good locked-in mortgage, especially if, say, everybody followed this plan and causes rents to spike. Your actions changes the equation.Also, if you manage to get a low mortgage, why wouldn't you invest the same as the renter?Lastly, you're getting more house when you buy. which means you can probably monetize it by renting it out to more people than you could sharing a rental. This is before we even get into debt-hacking like that one Japanese guy.Don't blindly trust math and theory. There's always some arbitrary elements that allows biased people to steer the results in their favor. Buy a house if you want a house, and can afford it.
now compare renting in a third world country and tell me who comes out ahead
>>61604680I live with my parents and pay $0
>>61606990The risk of this is much lower than the risk of rents rising (which they have been relentlessly for decades). My 1400 a month mortgage is going to be 1400 a month forever, even when the same rental is 3000 a month in a decade. Inflation makes my mortgage payments become cheaper each year in real value.
>muh mortgage payment stays the same!
>>61607057eh, that used to be the case, but local govt has been going full retard with tax evals and insurance keeps going up as well. mortgage went from $1750 to $2200 in the space of a few years.
>>61604680I paid $19k for a foreclosed and abandoned cuck box about 10 years ago. My taxes and insurance are about $2,500 per year now and I pay about $150 per month for utilities. I pay about $360 per month to live in my cheap cuck box that is now worth $120k for some reason even though I never improved it for the 10 years I've been living there. I'm doing about as good as anyone can do I think without just living in your car somewhere.
>>61607356>mortgage went from $1750 to $2200 in the space of a few years.Yeah, but the person who got the $1750 mortgage a few years ago is presumably still paying $1750 now.Insurance and taxes do go up, but they also go up for the landlord renting to you the home/apartment. That cost will be passed on to you.At the end of the day, who has more money? The renter, or the landlord?
>>61607421no that person is me, and the escrow requirements went up because of the increase in taxes (value of house went up) and insurance (because of the increase in value and market of insurance)
>>61607451Okay, but that's taxes and insurance. That's not the mortgage, you just have an arrangement to pay taxes and insurance through the bank. Taxes and insurance go up for everyone, renter and landlord alike, because those costs get passed on.
>>61607471right, but the original argument was that once you get a mortgage/purchase a house, you have locked in a monthly rate. which is in fact not true at all
>>61607480The mortgage is locked in. Everything else tends to go up, including upkeep and repair. But that is also true for the landlord, and those costs will be passed on. Which means when comparing renting and owning, those costs are a wash.I don't know why you're being obtuse about this.
>not buying multi unit property or having a basement suiteI have quiet wagies paying my mortgage until my oldest kid needs an independent space to live in.
>>61607515This is a great point. When you rent, you are not only paying for upkeep, insurance, and taxes, you are also likely paying the landlord's mortgage, plus his profit margin.
>>61607342>doesn’t understand the difference between a new and existing mortgage>tries to use this as a gotcha Rentfags everyone. Behold the brain so smooth it’s frictionless
>>61606180> the comparison is renting or buying the same quality assetThat’s exactly what I said retard. Show me a normal 3 bed, 3 bath house or bigger for rent and show me a mortgage for a similar house in the same neighborhood. You can’t, but feel free to prove me wrong. The closest rental I could find to my neighborhood is a 15 year older house (in an older, different neighborhood 10 minutes away) for $2,195. My mortgage is $1,400.
>>61604680Renting is fine, owning a house is also fine. The problem is when young people with low savings and even lower liquidity get tricked into owning a home ASAP because "it'll only go up!" and "renting is such a waste of money you're literally burning it!" Then after a while they realize that sometimes home inspectors miss a lot of shit and they, as the owner, are fully liable for the expensive repairs despite it being the contractor's fault and despite having home insurance. This on top of having to make a lot more payments with a lot more money for the house than they would've expected instead of just one bulk rent payment.It's really retarded that it's always renting vs owning with both sides yelling that only their way is right when the real correct option depends on your location and what maximizes your yearly ROI. If you pay 50% less per month to rent instead of own, renting is definitely a better option. If you pay 5% less per month to rent instead of own, then you might as well own because at least with the home you have access to a heloc in case of emergencies or degenerate gambling
>>61606492> In the UK renting will be more expensive than a mortgage It will be everywhere. The only possible alternative is a landlord who owns the property outright and looking to make less than a bank would on a typical mortgage. Depending on rates that’s a 2.75-7.5% return. Who is going to go through the hassle or renting for a sub 7% return? Especially when the market rates support a much higher return.
>>61604821> I believe thisYou shouldn’t, because it’s not true>but what happens if everyone starts doing this?Then the demand for rentals goes up, causing rentals to go up, which changes the equation. And/or people struggle to sell houses, and eventually prices drop a little, changing the equation again. But it isn’t even true now. Seriously look for rental prices for a house vs a mortgage. It’s not comparable at all.
>>61607057> if you manage to get a low mortgage, why wouldn't you invest the same as the renter?Exactly. I bought in 2019 at 3.75% and was happy with that. I refinanced in 2021 at 2.874%. Sub 3% borrowing is basically free money. Hell you can still beat 3% with treasuries.
>>61604680> a mere 20% extra for decades long of grinding
>>61607356And whoever owns the property got the same property tax and insurance increase, raised rent to cover those new costs, plus the 10% or whatever profit margin they want to keep. At best for a renter (worst for a landlord) you get one year where the lease is flat before the rent is adjusted.
>>61607791>Renting is fineNo. Ben Felix is lying.
People seem to be making this assumption that landlords are making a profit off of renters. That simply is not true in the vast majority of cases. Landlords DO NOT set rent prices, the market does. If rent is higher than buying a mortgage + taxes + insurance + maintenance, then renters would simply buy instead and investors would also start buying up all the houses since it would mean it's a free investment. This would increase rent supply and lower demand while simultaneously lowing house supply and increasing demand. I will let you figure out what happens to the rent vs cost of buying equation then. People also seem to be making this fallacy that comparing mortgages from decades ago vs rent prices today is in anyway a worthwhile or fair comparison that has anything to do with the topic being discussed, as if a hypothetical renters stock market investments made 0 money over that time period.
>>61609358>Landlords DO NOT set rent prices, the market doesIn any single point in time, a landlord may be losing money. But averaged out over a longer period, the landlord must be making money. Otherwise they would exit the market, until such time the lack of supply pushes prices back up again.>If rent is higher than buying a mortgage + taxes + insurance + maintenance, then renters would simply buy insteadYou're missing a big part of the conversation here, which is that there are artificial externalities, like zoning and other regulations, suppressing the supply of certain kinds of houses. In fact, this affects people who need to rent out of necessity the most, because smaller starter homes face the most obstacles.
So you're saying landlords are based?
>>61606605If I had a few milly I would still rent because I want the freedom to be able to move and I don't want to deal with maintenance and bullshit.
>>61604680This obviously depends on the price of the rent and the price of the house.As a fellow Ben enjoyer myself, good luck trying to get the idea that renting can be financially better through their heads though.
>>61609426Ben Felix is a stock market shill. He reads from a script and can't even do it naturally. According to my calculations you fall behind by millions of dollars in 30 years of renting compared to mortgaging. And it's only better to rent if rates are above 7. And they used to be above 7 a few decades ago, but it'll never happen again.
>>61606858>1400 a month mortgagewhat about your property tax, maintenance, insurance, fucking everything else, retard?
>>61607342It's incredible renting is usually cheaper than buying.What the fuck do people hate landlords for again?
>>61609458According to my calculations the house goes up by 5% every year, if you spend 1% of the house's value on that bullshit you just mentioned that's still 4% per year on a leveraged 20x long. Renting does not beat it at all.
>>61609455>According to my calculationscare to show them poindexter?
>>61609466>According to my calculations the house goes up by 5% every year,So? That's not liquid cash.If you rent, you'd have more disposable income to invest in the stock market.
>>61609470I did them in my spare time in a huge excel sheet at my last job. I got laid off and had to wipe the PC and give it back. So I don't have it.Anyway the breakpoint was 6.5% to 7% interest and 10% stock market increase per year. 3% rent increase per year. 1% house value spent on maintenance and taxes each year.I assumed two guys start with the same amount of money, one gets a mortgage and invests the remainder. The other rents and invests the remainder. They both made the same amount of money.The buyer was ahead by millions at the end of the 30 year mortgage.
>>61609474You can reverse mortgage it so there's only 20% stuck in the house, and put the money into stocks or gold.
>>61609488>reverse mortgagemake your retirement, my retirement
>>61604680>Why do you still own a cuckbox?Because I'm not trying to maximize the amount of money I have. Houses are enjoyable expenses even if they produce far far fewer returns than renting. To go further, one could also rent a small apartment instead of renting a house, share an apartment with many roommates, or live in a tent and shower at the gym, all with greater cost savings.You can complain about the tent as being unsafe or something, but ultimately there's some standard of living people choose because they like living that way, and they do so at a cost that ultimately reduces total available cash.Houses are comfy, I'm worth $40MM and having a $2MM house is nice.
>>61609488>reverse mortgage and put the money in an all world etf >borrow money on your etf account so you get 2x leverage on that all word etfLiterally free money
Because I want companies to pay me to work overseas so I can live out my dream of being some British colonizer aristocracy type chap. This won’t happen if I’m stuck paying off a mortgage and having a new kid every year.
>>61609603God my company wants to send me to Africa because I speak English and French, no salary increase is worth having to be in Africa
>>61606180Don't bother, the renting vs owning argument is the ultimate IQ test. They just can't grasp that renting is financially optimal. Just look at the responses to our posts.
>>61607057>why wouldn't you invest the same as the renterGiven income constraints and the fact that market rent for the same house is lower than ownership costs, a $0 down purchase will not cash-flow in the near term without a significant down payment, which itself carries an opportunity cost. How is this not tracking? Also, if you're renting out rooms that stops being an argument about home ownership and becomes RE vs S&P
>>61609951I like how the he conveniently forgot about renters insurance, deposits (which you rarely get back), moving costs and a bunch of other fees that often come with renting that don't exist or are considerably cheaper if you own a house such as parking or mail room service.In any case its apples and oranges renting can never be the same as owning your own house where you can do whatever you want. Also using the "average rent" is retarded because most people aren't renting single family homes and nobody in their right mind would rent a property for less than it costs to buy and maintain it so by definition it has to be more expensive to rent on equal properties.
My 3000sq ft house costs half in yearly expenses (no mortgage) then the 1500 sq ft house i used to rent 2 years agoAnd its all mine niggers>>61610030Its a massive cope. On paper these faggots may be wealthy but with no real world assets they've got nothing at the end of the day
>>61610030>conveniently forgot about renters insurance, deposits (which you rarely get back)Yeah, he must have forgot to calculate the 4,100 years of renter's insurance he had to pay to account for the difference of $1.48M
>>61604680stocks are about to shid the bed at house owners wont care. (me)
He forgot to calculate the 3 months of rent as a deposit which you never get back. That's less than the downpayment on a mortgage but it's still a sizable chunk.
>>61610045>renters insurance$15 a month? lol>deposits (which you rarely get back)I've rented like 10 times in my life and got it back 9 times. The other time I only got back most of it since I fucked up the carpet.
>>61609951Oh it is..the box feels better because you have it.The reason to buy a house is because it's nice, not because it makes money.
>>61610109>renters insurance$15 a month? lolYes? If you only insure the dwelling and not your personal property then it's well under $15 a month.
>>61610030>moving costsBecause it costs more to move between rented houses?>other fees that often come with renting that don't exist or are considerably cheaper if you own a house such as parking or mail room serviceNot if you rent a house. If you're talking about living in an apartment in a dense, expensive area that charges for parking, you're comparing it to a condo in the same area that charges for parking, or buying a townhome that's got more space to have a dedicated garage.
>>61609358>landlords don’t make any moneyExplain how apartments exist. Or why anyone would ever fucking rent out a 2nd house?> then renters would simply buy insteadIf they had the money for a down payment they would > People also seem to be making this fallacy that comparing mortgages from decades ago vs rent prices today No we’re comparing today’s mortgages at 6+% and on inflated home values to renting a comparable home. Seriously, show me a single rental of the a similar size, age, and same area that’s cheaper than the equivalent mortgage.
>>61609458My mortgage is that including property taxes and insurance. On a 4 bed, 3 bath 1800sq ft house. In terms of “required” repairs. Maybe $1500 over the six years I’ve lived here. I’ve spent far more than that for things I WANT. You don’t get that option with renting. And guess what dumbass you’re still paying for taxes and insurance and repairs via your rent.
>>61609951Post your awesome rental. Or your S&P balance to dunk on us homecels. Better yet post the place you can rent for $2800 vs a mortgage of $2800
>>61604680Ben Felix is such a fucking grifter. boomer redditors worship everything he says and that should be all you need to know about this faggot
The fun part is, the market is so fucked the only people who can afford to offer properties to rent are the (((institutional investors))) that are buying units with their own cash. Every goy that hopped on the Airbnb Meme a few years ago and started floating mortgages on homes is losing their ass because the monthly payments on their 8% mortgages at some jewbank so greatly exceed market prices for rent, it is in a vast many areas cheaper to rent than to buy now. Completely flipped the fuck over.Unless you're a boomer that paid your properties off long ago and now just have to pay off upkeep and taxes, or grabbed something right during the Covid days, you're fucked. Your mortgage is already higher than most people's rent.The kikes who own all the properties outright don't pay interest, so they set the market rates. Boomers can't compete and have been losing their extra properties. Which the kikes then buy up cheap and turn them back into rentals again.
dont forget to tip your landlords goyim
>>61610488>who can afford to offer properties to rent are the (((institutional investors)))How?They only own 0.01% of the rental market.You people blindly believe bullshit people tell you.Prove me wrong with a source. You literally won't find one.
>>61604680All it takes is a DotCom crash, 08 recession or Covid crash to reset your savings anon.
>>61604680That's the definition of counting your chickens before they hatch.You are assuming a few things 1. Rent is only 3% a year,Reality is a lot of renters are seeing 6-7% a year or more.In my area, renters are paying $500ore a month to rent than to own.2. Stock market going up consistently The covid shit and the housing recession of 2008 cancelled 10+ years of gains for a lot of people.My dad is 102 years old.Crazy fucker stuff runs 3-4 miles a week.He always told me.>Buying a house is almost never a bad idea because at the very least; it's a roof over your head.That coming from the guy who owned 10+ rentals.
>>61610354He’s also Can*dian. Why would anyone listen to a Canuck? The only exception was Norm.
>>61609551Then show us. If renting is so great you must have the portfolio to back it up?
>>61604712>>61604712YESits a middle finger to middle age people and future generations
a question somewhat related to this thread: if you don't invest or anything, but are just saving money, it's better to buy an apartment or whatever as soon as you have enough money to do so, right? because you can always sell it again laterso that then you can keep saving but now living in that apartment. and then as you keep saving, when you have enough you recover the original money you had plus some (selling the apartment) and buy the house you really want
>>61613182>thread: if you don't invest or anything, but are just saving moneyWhat do you mean by saving money? Just sitting in a generic savings account? At least put it in a HYSA or money market or buy T bills so you get 3-4% instead of nothing. The risk is the exact same >it's better to buy an apartment or whatever as soon as you have enough money to do so, right?Going to assume you aren’t American because you don’t buy apartments here. You rent. But generally, yeah it’s better to stop renting as soon as you can >because you can always sell it again laterBad way to view it. Your house shouldn’t be an investment. It’s not something that’s easy to sell (compared to stocks, bonds, crypto, etc) and depending on where you live there are usually large transaction costs. In the US it’s 3-6%. Buy a house because it’s a better place to live than what you can get with equivalent rent. Buy because you want a place of your own. Don’t buy as an investment.
>>61604691This chart isa so damning.IMAGINE putting money into this market instead of taking money out.
>>61604680It's true. I am not buying a house because I can't afford it. Well, I could buy a house, but they're too expensive, so I won't do that. I guess I could buy "a" house but I don't want those houses. I have 2 million dollars.
>>61615178To put into what?
>>61610283not that guy, but>Explain how apartments exist. Or why anyone would ever fucking rent out a 2nd house?he's probably talking about cash flowing a property, which would require a large down payment, or 5-10 years of rent increases until you break even on cash flow. Also, home ownership isn't RE investment. RE investments generate income, home ownership does not. Home ownership is a quasi-investment. Believe it or not, homes depreciate, which comes as one of the major advantages in actual RE investment when you're able to write off depreciation from the rental income. >No we’re comparing today’s mortgages at 6+% and on inflated home values to renting a comparable home.people are comparing whatever their current mortgage is whenever they bought the home to today's current rent.>Seriously, show me a single rental of the a similar size, age, and same area that’s cheaper than the equivalent mortgageOk, what's the down payment you'll be putting down? That's the primary variable, and it's far more likely that you'll have to be putting down much more than 20% to match the rent of an equivalent home. What's the opportunity cost of the down payment? Mortgage + taxes is the minimum you'll pay, but rent is the maximum. Owning a home is not a bad idea, but investing and renting is financially optimal that comes with its own advantages.
>>61615178Doesn't it only look at the US. Most companies are multi-nationals earning income everywhere. And China has happened between now and the dot com era. The US is no longer the entire world, more like 15% of it.
Not even going to read this thread. A home is not an investment but a place to liveThe idea is to have no mortgage and then invest all your incomeIf you rented your whole life you failed
>>61615907>A home is not an investment but a place to liveit's also an asset. if it's in a good location and with proper maintenance, it's the one thing you know will not lose value
>>61604680These renter fag threads seem like some globalist psyop. It seems to be browns are the only ones discussing if its even an idea. I dont know whats better, the fact that old rich white men are feeding them these retarded ideas, or the fact that the rich old white men hate these fucking niggers as much as I do. Yes, take their homes, I agree, you shouldnt own.
>>61604680This is not true. The Rent/Buy tradeoff is pretty much equal.Investing the excess income in SP500 Etfs means paying immediate taxes on the dividends. This is close to 35% taxes on dividends in my home state. Eventually you have to sell the ETFs as well. Selling the SP500 position also incurs the high tax position. Finally, Rent grows at least 2% a year in my area, possibly more. Mortgage price is a fixed monthly cost. In other words, owning has a 2% head start over sp500. Whats really fucked is that you end up not being able to invest your spare income in the SP500 after a long enough time. In my simulations, around year 25-30, ETFs have dividends of $100K+. That means you need to pay quarterly estimated taxes, which means you end up NOT being able to invest your money, and instead need to horde cash to pay quarterly taxes.Compare that to home ownership. The main costs are the opportunity cost of the down payment, the higher mortgage monthly, property taxes and house maintenance. Even taking all these into account, it's not that bad. The monthly is only a little higher (25%-50%), and there's usually leftover to invest in SP500 too. After 30 years, the Mortgage cost goes away, and the Home ownership path starts accelerating. You can massively increase Sp500 investments after mortgage is cleared, making it a competitive choice. Finally, to get the money back out of your house, you need to sell. (no HELOC, you nigger) House sales have no taxes up to 500K, making pretty good. Overall, it kind of ends up being a wash between rent and buy. Most retards here don't actually do the math and model the choices accurately. Maybe even not me.
>>61615978Well anything can happen. Maybe they build a sewer plant next door or a housing flat gets built and they're all junkies, or oh your lands on a 1,000 year floodplain
>>61604680I prefer hobomaxxing.
>>61605089I've had a house with a large garden. I fucking hated it. I rent an apartment now and the cost is at maximum 50% of housing expenses, probably a lot less. I don't have a billion of low cost mexicans to take care of the house though, maybe that makes the experience more enjoyable in America?
>>61607803Not in scandi countries rural setting. Which is the only viable option in a scandi country, cities are nigger centrals. Finally my tax money is actually helping me. 600$ per mo. for a home of 4. That's my housing cost. Even though my wife is stay at home I can invest 50% of my paycheck a mo. I've got 700k in my 30s with a stay at home wife, guaranteed jobs because of "muh government" and the worst the communal housing rent increase can be is less than my yearly wage increase. Wife will soon start working part time
>>61609449This. I just dislike owning things. It brings a lot of problems.
>>61609458Maintenance is basically nothing, and the rest is not a thing in Europe
>>61616107Yeah, changing windows, roof, drainage, repainting, plumbing and piping is nothing. Just leaving it be, whatever could go wrong?
>>61615712>but investing and renting is financially optimalLol no it's not. Show your math. As it's been stated (and shown) multiple times in this thread, a rented house that is comparable to what you buy is going to be significantly more than what your mortgage is. That also doesn't account for rent increases over 20-30 years where the mortgage payment will stay fixed. Unless you refinance, which would decrease it.>muh property taxes>muh insuranceIs paid for by the landlord and factored into the rent. If a homeowner has theirs go up, so does the renter.>and it's far more likely that you'll have to be putting down much more than 20% to match the rent of an equivalent home.I would say it's extremely unlikely. That's not true at all in my area. In fact it's the opposite and 10-15% down would get you to the same rent if not better. But go ahead, show examples and prove us wrong.
>>61615907Succinct and accurate
>>61616073>I just dislike owning thingsKek then why are you even here arguing any position. This is a gay mindset but I would wager your Swedish so that checks out. It completely invalidates your opinion on your other posts>>61616047>>61616070>>61616325Also>changing windowsRarely ever needs to be done unless it's storm damage, which is why insurance exists>roofSame as above. Roofs have 20+ year lifespans.>drainageShouldn't ever need to be redone>repaintingKek paint is super cheap. This is your complaint?>plumbing and piping is nothingShouldn't ever need to be changedThe only valid complaint is HVAC and water heaters because HVAC gets expensive. But I forget europoors don't know what air conditioning is.
>>61615993>You can massively increase Sp500 investments after mortgage is cleared, making it a competitive choiceWhile that's true, I think the bigger impact is it massively decreasing your living expenses after it's paid off. Mortgage or rent should be your biggest monthly expense. Most houses will be paid off when people are in their late 50s or early 60s which coincides with normal retirement. You don't need as much income from your retirement assets to cover your living expenses as you would if you're renting because your biggest expense went away. You can live the same quality of life but with a smaller nest egg, which means you can retire earlier (takes less time to accumulate a smaller balance).I don't believe that renting is cheaper monthly (comparing even living situations) so in reality you will have an equal or bigger retirement balance with a house AND much lower living expenses meaning you can live a nicer life.
This thread is so full of or people cope trying to justify renting lmao if you want that much to save the also get roommates, I will continue to enjoy my big lake house to myself
Assuming you will get a rent lower than a monthly mortgage repayment. Do you really think your low IQ renter will invest that money properly
That is some massive cope, only works if rent is significantly lower than mortgage payments, and there are very few cities in the world where that is the case for a long period of time, rent always corrects itself to be similar to mortgage payments.
>>61604680Owning gives you fixed-rate leverage, inflation tailwinds, and forced wealth building. Your mortgage gets cheaper every year in real terms while rent floats upward forever. You control a hard asset with cheap debt and no margin calls. That alone breaks your cope model.Rent is a pure expense. A mortgage converts income into equity. Pretending opportunity cost beats leverage, inflation, and human behavior is just cope dressed as intelligence.You’re either the bull or the cuck.Not my problem.
>>61616922You should be done with roommates by 30
>>61610283>landlords don’t make any moneyExplain how apartments exist.1. Tax treatments allowing deductions of all costs against revenue2.economies of scale in shared walls, bulk discounts for the same furnishings and appliances, scaled maintenance costs (1 guy, on site, can handle most work for 300 units and also get compensated with an apartment)
>>61617558Sooooo, they make money?
>>61606180>Anon rents his house, paying MORE than mortgage+tax+maintenance+insurance>Anon pays mortgage+tax+maintenance+insuranceYou proceed to argue that scenario one is actually smarter because anon could have invested the difference between his rent payment and his mortgage+tax+maintenance+insurance.This presumes that said person who actually owns that home paying mortgage+tax+maintenance+insurance and rents it out to anon who only pays rent..... must be paying mortgage+tax+maintenance+insurance at a rate that actually loses them money for the rentee to be able to invest whatever remainder there is between mortgage+tax+maintenance+insurance and the rent payment.The individual paying mortgage+tax+maintenance+insurance would have to be a fucking retard to do so, as paying mortgage+tax+maintenance+insurance and charging a rentee a lesser amount that they could then invest a remainder into the stock market not only loses you money upfront but loses you money on the compounding investment.Rent is fundamentally a losing proposition, no matter how much you want to pretend you aren't the double digit iq retard. Unless the property owner is a moron, they are making a profit off of the rentee. In the case that they are still paying a mortgage, they are building toward a historically appreciating asset. They also are free to invest the difference between mortgage+tax+maintenance+insurance and the larger sum that they charge the rentee for the privilege of sleeping in their home. The only situation where this mortgage+tax+maintenance+insurance < renting works is if you are renting a smaller, shittier place than said home in which case this is a pointless argument and you're just as retarded for trying to make it one.
>>61606180>you have been investing in the property the whole time instead of the stock market,I pay $1000 mortgage while rentoids pay $1500. Are you implying I magically waste more than an extra $500 on the house? How fucking retarded are you?
this board is destitute, the house is everyone's largest assetFelix's calculation assumes that you're not retarded/recluse and, and gainfully employed for decadesit's a completely different math if you're a loser that inherited a shack
>>61617558>they don't make any money>ok how do they pay for everything? they take a loss every year?>well no actually profit is included in rent so renting is by default more expensive than owning. sometimes biz blows my mind. you think someone losing money on apartment they own to renters profiting off them is going to..... keep losing that money instead of selling it? make it make sense
>>61604680Unwatchable garbage OP video, tried to watch it (he didn't link so I had to manually search it) and it's just farming youtube watch time.I click through and no numbers are on screen, so I click through and find a chart and he doesn't explain the chart within 10 seconds and wastes a couple minutes of my time talking. Garbage advice from a garbage person.>>61609951>Buying a house for 500k in this marketLmao, bought ours for 150k in a shithole town. Jobs around here don't exist that let me pay an extra 30-50% in rent to some landlord, and staying together with my family in a rental and hoping one of them pays rent so we can make it sounds like hell.With a mortgage the costs are cheaper each month to the point where I'm not worrying if they don't pay.30k down payment, that wouldn't make me shit in the stock market but rent where I live would have been 2000 a month, 15 months rent to make our down payment back and after that we're just paying on the mortgage.So uhhh, no, math doesn't work out. In 15 month's time we've already made our down payment back, this only works if you take houses in hip areas or the "average house" instead of some starter house or a house in a less well-off area, of course buying a 500k house isn't a good investment most of the time, you buy a 500k house to avoid living near brown people.>>61606475This, they just assume the stock market goes up forever and never goes down, so wa-la, exponential growth function.When the reality is having a lower fixed cost mortgage means even when the stock market goes down or someone loses their job you're still able to stay afloat and you actually end up doing significantly better. Stock market crabs? Well that's okay, my house is still mine.>>61606858This. Even counting maintenance renting is just outright 50%+ more expensive per year counting literally everything.And there aren't even any 4 bedroom rentals near me, not even a thing that exists here, you'd have to rent a whole house.
>>61609358>Assumption landlords are making a profit off renters>Renters would just save up to own a houseWhat are you talking about, retard? No matter what the rent is renters are renting because they can't buy a house, they don't save money, they generally don't invest.The vast majority of my uncle's tenants have less than 1,000 dollars at any given time, they aren't saving up to buy a house.
>>61615993>the higher mortgage monthlyMortgages are 700 less per month where I live VS renting, and we have a large family so one of us would have been sleeping on the couch but we still would have had to pay more.This is actually the case in most areas.>After 30 years the mortgage cost goes awayAfter even 5 years it's significantly less expensive at 3% inflation (lmao, more like 5% or more), it's just a fixed payment. This is essentially reverse-compound interest, so the mortgage might be 8% per year but with 3% inflation it's only 5% per year.>A wash between rent and buyHousing prices have doubled recently so looking at the average and pretending this is some investment genius move is retarded, people actually investing in housing are buying houses that are 1/3 or 1/2 off the normal price in their area, gradually improving them over time, and saving a ton of money doing so.Yeah, buying some 500k house isn't a good investment. A 250k one? An entirely different story.
>>61617689Lol he's canadian. Nothing he says matters. But go ahead and post the math. Prove us wrong.
>kid started school has bunch of friends>immediately reno-evicted need to move and change schoolsproved you wrong that easily. yawn, you rentoids are so stupid. you are devoid of reality.
>>61604680>go to college>get job>rent for 2 years>look into buying a place>no money down program>others say i will be "house poor">ignore them, buy 325k house>rates fall, refinance to 2.625%>mfw i pay 750/mo in tax deduct-able "rent" for a 600k home
>>61617753Ah OK I wasn't gonna watch that video but I skimmed the comments.He assumes a 1% rent increase per year + inflation, LMAO, his youtube comment> 1% per year rent increase is quite idealistic... I rented between 2020 and 2024 and rent went up 20% per year. My mortgage payments are double, but I'm in roughly 3x the space, I have my own yard, and 10 years from now my mortgage payments will be cheaper than what people are paying for rent. So basically he's assuming an extremely small rent increase of like 3% per year when it's been 5 percent per year for years now.
>>61604693oh it will go up faster...GO UP IN FLAMES OF METH
>>61604680heres the thing, I can't afford to rent anywhere because all the places ask for proof of income at 3x-4x whatever jewish price they're asking for rent, often 1200 MINIMUM when 10 years ago that wasn't the case, I rented a $400 room and only brought home about $800 a month. 3x-4x is insanity, most places are asking for 40-50% of what I make, and that excludes me automatically, and I make pretty good money now, over $22/hr. A 7% mortgage on a $150k home however, I can both afford and it's far cheaper than everything except student housing. I wouldn't be able to afford saving or investing in anything if I was renting, but with a home it's possible. Then again I live in the deep south and maybe things are more affordable where you are.
>>61604680This guy looks a lot like Alex Battaglia
i rent and i have a maid
>>61609449>own million dollar home>still have to go to work tomorrow >own a million dollars worth of QQQI and NAT and never work again
>>61617753good post but do you have to sexually threaten the board with that lagomorph
>>61619273Kek
>>61604842Yeah but I also don't like being chained by my own house.Nothing feels comfierhttps://www.youtube.com/watch?v=eikbQPldhPY
>>61604680If you rent, you can just NOPE out anytime. Buying mortgage is literal slavery.
>>61606475No one who bought a truly diversified portfolio and held for a long time horizon has ever lost money in the stock market, correct.
>>61604680renting to me is beneficial in the sense that if a bad neighbour settles close to where u live, u can fuck right off to somewhere else.also related to what op said; that is only if u get good renters that dont fuck up ur house and every month rent is paid (which is not always the case cus shit happens, u change them for others and thats another 3 - 5 months searching for a renter and u not being paid. also the stress of finding a good renter blablabla in the end it evens out u know, just selling so u can fuck off in peace)
>>61604680>spend your entire life in insecure living conditions, raising kids next to scum and can’t do any changes to your living space JUST to barely get ahead on your deathbed
>>61619638Mobility is actually a pro in the year 2026 and with what’s coming
>>61619640Not if you have kids, then location and community is even more important
Anyways since presumably someone here actually wants to know about this stuff, pretend that I don't want to move for a job or search for a new job or farm job qualifications every couple years, what are my options?>Hope the stock market goes up forever, can't live off dividends so I have to sell off stock and do the boomer 4% per year>Start some kind of productive business>Start buying up and renting housesSo uhhhh, what are my options for actually actively making more money to fund my lifestyle, investing, ect right now and not 30 years when my retirement account gets big enough?If I buy a house on leverage I get immediate cashflow, for my town that doesn't really have any jobs I just doubled my effective income.
>>61604680To own would cost me $3000 a month. To rent a bigger place fully furnished is $800. This includes utilities, insurance, etc. I put about $1900 a month into ira, 401k, and other portfolios. So I can't fully take advantage of the savings, but I also wouldn't be able to afford to live in the house. There's a $300 gap. I could be house poor or I can put roughly $23k into the market every year. Does that mean I will come out ahead? Maybe, but most of the stocks and crypto I purchase are down 99%. The only thing holding any value is my 401k target index funds.
>>61604680Did he factor in the fact that rent goes up 7% every year?
>>61604680benis
>>61620265Where the fuck are you renting a fully furnished place for 800? Unless it’s a single room with a shared living space you’re either in literal bumblefuck 100 miles away from the nearest town or talkin out your ass
>>61620265>To own would cost me $3000 a month.>To rent a bigger place fully furnished is $800. TYou're leaving out the part where you have 3 roommates
>>61618879How are those at all comparable? You can live in that house for decades while you would be accumulating $1M QQQI or whatever your choice is.
>>61604680Gee, the "people" buying up all the houses sure are dumb! LOL!!
>>61620963It's really only comparable if you suddenly had the money tomorrow. If you had a million dollars in QQQI you'd be getting monthly dividends of more than $10,000. You could rent the million dollar house and have enough change to not worry about working.If you chose the million dollar house instead, you'd suddenly have an awful lot of responsibility.
>>61604680>mathematically more profitableyou can't claim that because you can't factor in the price of the humiliation ritual that is:>your landlord will always do the bare minimum to fix any problem no matter what>your landlord will refuse to make any upgrades no matter what>you have to wait for repairs instead of being able to make them yourself>you have absolutely no say in who performs repairs and how they perform those repairs and you have no impact on the quality of repairs, which is always as close to zero as possiblethese are things that i value so much that i would only ever rent if it was almost guaranteed that renting would save me enough money to stop renting
>>61619658I do have kids. And I’m desperate to find a white tight knit, hoping to have luck eastern Tennessee or WV or even Florida
>>61604712>Western governments had to prop up real estate as an asset so their pleb voting bases wouldn't realize they were getting progressively pooreri think having a population in life debt makes them easier to control which is probably why they do this. look how many people were coerced during the covid hoax, all the government had to do was make it illegal for them to work
>>61621090>Floridai wouldn't recommend itlook at any sample of historical demographic maps and the white pockets southeast of the bible belt are all snapping shuti would not want to be caught down there, although perhaps there is a high risk opportunity for whatever you buy down in florida to become extremely high value if you luck into a safe bubble that resists being swarmed
>>61621081Ehh I'm immune to the humiliation ritual. I have six figures invested and drive a V8 everywhere in a country with gas prices 4X the US. I live in a 1 bedroom cuckbox with rats because fuck that shit idgaf.
Most based is owning a paid off primary residence while letting renters pay off your rental properties and give you cash flow year after year.
ben is pretty sympathetic about the low inventory of single family house rentals. in a HCOL area, my $3200 mortgage, gets me>3bdr (5 including finished basement and attic rooms)>off street parking for multiple cars>backyard for kids to play>all of the autonomy of a homeowner
>>61604680The main advantage of buying a home is two fold...1. If you got a great rate like 3%, you won the inflation game2. Once your home is paid off (either buying it outright or after completing mortgage), your monthly expenses are lower, which means you need to pull less from investments, which means a lower tax rate on investment income
>>61625766go to bed pops
>>61604680yeah your downpayment of $10 000 will make you more than $1.5M in 25 years
>>61626178You should never pay it off. You should always take the money back out as soon as you can
How do you guys know housing won’t crash in our lifetime. Boomers are already struggling to sell off their homes and I can easily see it going to be cheaper to do a tear and rebuild for a large amount of houses. I just invest in stocks and i’ll buy when it the right time.
>>61626178If I buy a house in the US i’m helocing that shit on retirement and giving it to my Kid at a generous rate. I’m not staying here long term, it way too expensive. I could live an upper-class lifestyle in Asia.
>>61627205how could it crash? everyone needs a place to live. not even if there's a war it would crash, with the small death rate there is in wars nowadays
>>61605160What if I don't want to feed into the completely corrupt banking industry? I refuse to engage in usury which is what creates so many fake and unneeded jobs because it all ties back into government policy which basically shapes culture, people's options in life and ultimately their mentality because of their curated and manipulated experience? By property outright, live as self sufficiently as you can, and maybe branch out into having a productive asset for some cash flow. That's my deal anyway
>>61629231>what if i refuse to leverage credit to accelerate my financial growththen you stay poor
mortgages are real estate investing on leverage, where else can you get a $500k loan to invest in something? retard poors who don't understand this will live poor rentfags forever
>>61604680Even if this was actually true in my area (it isn't), I'd gladly pay more to not share a wall with brown people.
It worked for me, buying in 2020. Don't know if I'd want to buy given the current market though. Plus my kids will grow up staying in the same school district.
>>61629581Cool car you fucking consumer jew brained faggot who measures his wealth in credit
>>61615178as others have said, buffet indicator broke with globalisationUS financial markets probably are inflated due to 401ks funnelling cash into target date funds that are usually 60/40ish with no discretion see https://www.youtube.com/watch?v=I_uLUUR6kho&t=77s
>>61604680I’ll be paying off my house in the next 5 years, and then buying my kid a house. A house is your roots. Houses are real. Stocks are make believe fantasy.
>>61604680going without toilet paper is also far more profitable, you can just use your hands and water from the faucet is free. Tpfags will seethe at this mathematical truth.
>>61627205The global population isn't going down. The west is importing browns en-mass.
>>61627205There is a finite amount of land/housing and an increasing number of people? Why would it get cheaper? Better yet, how do you know WHEN it will crash? Are you content to live in an apartment for another 5 years? 10 years? 25 years?I sure as hell wouldn't be.
>>61629231There's nothing inherently wrong with borrowing money and then paying someone a fee for fronting you the money. Lets say you borrowed someone's truck to help you move. Would you not fill it up with gas? At least buy them dinner? That's "interest" on borrowing their asset. The basics aren't inherently bad. The jewish money printing is the issue.Also, you're refusal to participate in the system that exists isn't going to change it. Millions of people not participating won't change it. You're willingly making your life worse for no good reason. You're the same as idiots who won't use credit cards, pay them off, and get the free rewards. It's already baked in regardless of what you do.
That just depends how long do you live in your home.If you buy it, then sell it at a massive interest rate 3 years later, then yeah, better to rent.If you live for 10+ years at a decent rate, you'll be saving more by buying.You can't answer that question without first inputting the interest, and how long you'll stay.
>>61627205It already crashed in my area, 150k for move-in-ready multi-family homes, so after you rent out the 1 bedroom apartment you've got most of your mortgage paid. Even in this crashed housing area 50% of the people living here (I looked it up) are rentoids, it's just an unambitious shithole town nobody wants to live in, and there's really only one no-go zone in the whole town.>The housing market will crash, so I'll get stocks so that when the housing market crashesMy nigger, what? Boomer retirements are based upon stocks, if the housing market is crashing because boomers don't have enough money then why don't they have enough money? Because the stock market crashed. They're linked - particularly the housing market is so high right now because stocks subsidize boomer lifestyles.
>>61635595>The global population isn't going down.Well, it is in developed countries, we have negative natality. (That's a good thing.)>>61627205>How do you guys know housing won’t crash in our lifetimeHomes are a necessity, and will always be in demand, unless there's a MASSIVE issue somewhere, and somehow the world population get halved.In the considerations, buying a home to rent is almost always a profit in the long run.It's not going to happen anytime soon.
So anyways on a side-note, does anyone believe these numbers? I'm not looking into them because I know they're jew bullshit, but I just ran the numbers and according to them I'd have... 500,000 in the stock market if I invested 30k and left it there for 30 years, which would be a downpayment in my area.If this is true why are there not millionaires everywhere, why isn't everyone a millionaire, why would you not take 30k when your kid was born, invest it for them, and let them sit nice and cozy with half a million when they're 50? And after inflation it's "only" 220,000, but it leads me to believe they're lying completely about this because if you could multiply your money by 7x why would anyone's kids work? Why would the parent not just invest 1 year of work and generate 7, and the kid not pass that on to their kid and generate 49? Right, oh, it doesn't work that way.
>>61627205because people like me (house owner) will buy multiple if there's a """"crash"""" so all my kids have their own house when i pass
>>61635958>what are living expensesThis might shock you because you don't pay for your own living expenses, but they can take up most your income. Usually because people are bad with money and spend everything they make.>And after inflation it's "only" 220,000You answered you own question dumbass. $30k in 1995 would be $63k today. That's a lot when the median household income is $84k. And yes $220k is a lot of money but that's not even a fraction of what you need to live off of and not eat into principal.>If this is true why are there not millionaires everywhere,There are. Largely from a devalued dollar.>why isn't everyone a millionaireYour own math is $500k you tard. Why are you rounding that up to $1M?
>>61636132ALL plebbit shit, what the fuck, I'm not even gonna respond that that low-quality post. Immediate reddit aggression in the first sentence.
>>61604680>Don't buy a home goy, you could accumulate $400,000 in 50 years if you keep renting from me!I know this is biz, so I'll tell you to discount that by 3%/year for inflation. That's not even $100k by today's dollars. Now consider what you're giving up for that pittance: owning a home is part of the American pathos. If you don't own a car as a teen, fuck women in your 20s, and own a home by your mid 30s, you're not a real man. Not everything is about money.
>>61606180>be rentoid>$1,500/mo in rent>$1,000 in stock market>5 years pass>rent is now $1,800/mo>stock market is crashing and I got laid off for a couple months>walk down the street to look for a job>see Pepe on the phone with his mortgage company>he paid 20% down and built up another 6% equity>15% down market means his loan is still above water and the bank is amenable to late payments>I go back home and check my account>$0 in savings, it's all on the market that just crashed>need to go behind the Wendy's dumpster to make rentYour investment is optimal assuming everything goes right and you're not a retard. I just put money in my house and anything extra goes on the stock market. If there's a crash, I don't have to resort to sucking cocks to survive.
>>61636206Ok keep being retarded and poor
>>61636372not to mention if you live in a nice neighborhood where everyone owns, the quality of life is significantly better. you make friends and have quality social life options. fewer niggers too typically
>>61635874I understand your reasoning, but then how exactly are we going to destroy the money printing system? Those cocksuckers will always have leverage to fuck with us if we don't react.
>>61604693On that note:Modern internet means there are no secret cool places anymore. Throw in remote work and there's a massive nation-wide correction going on for home values.
>>61604842This movie any good or is that the best scene?
>>61636537>but then how exactly are we going to destroy the money printing system?frankly we don't. It's going to require the system collapsing on itself and then the final solution for real this time.Does that happen in the next 5 years or fifty? I wish I knew.
