Redditors are buying million dollar mansions and you're still rentingHow do we get rich like them, bros? What's their secret?
>>61821403dual income
I haven't worked a 9-5 since 2017 so no one will give me a loan, I don't want to be house rich cash poor.
>>61821405True, I would be unstoppable if I had a gf. Maybe I should just go gay for the sake of getting rich
>>61821424Yes bro. Your dual income of 50k will make you unstoppable.
>>61821440haha very funny anon, how much do you make?
>>6182150912k annual salary
>>61821552based
>>61821403You need to make >$500k a year to afford that mortgage payment.
>>61821579Grim. Imagine co-owning with a foid.
>>61821403They stopped buying netflix and avocado on toast.
>>61821405Yeah it's basically impossible to afford a house on a single salary unless you make significantly more than is average for your area.
Why is it always with a pizza?
>>61821741Keys and za bro
>>61821741>we did it reddit!
>>61821741new house no kitchenpizza don't need utensils no messit's a mystery bro
>>61821762go back
>>61821741dis nigger never got theyself celebratory 'za before
>>61821741because its hecking wholesome
>>618217621.5M and it doesn't have a kitchen?
>>61821741Pizza is ALWAYS the first meal when getting a new place. Its tradition by this point, even if your kitchen is set up at the end of the day.
>>61821773>>61821762Ok but why is it always included in these photos?
>>61821781because reddit. if it were us cunts it'd be some photo with bare feet in it
Every nerd freak on reddit makes 200k a year and they work 2 hours a week somehow.
>>61821403I own my home, why do you assume I'm renting?
>>61821741Because only pedophiles buy houses on jewish credit.
>>61821579i assume this is bait. im always amazed people who make twice my income (2.2k/mo) say they can't afford a mortgage payment. i spend 65pc of my income on fucking rent. id happily spend 80pc on equity to myself, but i literally, ACTUALLY cannot afford mortgage payments. im priced out.
>>61821403>million dollar mansionSo a three bedroom, two bath?
>>61821810even with 200k annual, they would be housepoor
>>61821950>normal succesful people are pedophilesGetting on a whole new level of schizo cope here.
>>61821403>$1.5m home in Cali with a 5% mortgage.Lol, Goodluck with that. Hope the retard realizes how much he's going to be paying in taxes, insurance and maintenance too.
>>61821996That's future redditor's problem. Right now the updoots are rolling in and two shitty overpriced pizzas are waiting to be gorged on
>>61821403And yet they still eat slave food like pizzas.
>>61822048
>>61822051broccoli??? explain
>>61821961Nobody is giving you a loan that needs >50% of your take home pay you idiot.
>>61822060Explanation: It was written by a complete retard
>>61821781Because dudeKeys n' Za dude!!
>>61822065>what is sub-prime lending
>>61821773My move in tradition has always been sausage onion omelet with some rolling rock beers
>>61822082So cringe. Glad I was always an outcast from normie society.
I would rather be poor than Reddit If you feel differently then go back
Why spend 500k for a house when you can put it in an index fund? With a 12% average return, you can make 60k a year doing nothing.
>>61821403>Mansions>$1 million>In CAI rent a nicer place than they own for $700 a month, obviously not in CA.
>>61822550Which state?
>>61822523this is something home owners will never understand. renting is almost ALWAYS better even in the scenarios when you can straight up buy the property without having to take out a retarded loan. you dont have to maintain the property, you are not forced into a single location and you are liquid since you can sell/buy stocks with a single click on your phone.
>>61822573imagine believing this. checks due the 15th. forever. I was hoping to break 1mm in rental income in 2025 with the increases but alas I will have to wait until 2026 taxes to have my first 7 figure year. all you have to do to be rich is buy rentals that cashflow, that's it.
>>61822060Ful of Antinutrients that is bad for digestion and absorbtion of nutrients. Sulforaphane and other toxic stuff are in there too. Also its a man made plant anyway, in nature it doesnt exist look up how it looked original. And the vitamins in it are barely absorbable anyway for humans since we are not build to digest green plants like herbivores.
>>61821405That’s still 8-10k+ per month at current rates and that’s with 20% down…lol.
>>61821781>be on 4chan>pretend not to know what a meme is
>>61822588le epic chink dad gook dad face
>>61822588yeah. the good old just be rich or take out a loan to buy property so you can take out more loans to buy even more property. I am sure you can do that an infinite amount of times and its always going to work out. lol
>>61822573Dude. You need to be TIED DOWN to the corporate entity that you moved there in the first place to work for.DUH!
>>61822626All this is true. But it's an op in many ways.Almost all the bad is taken out or destroyed when you boil or cook it for a long time.Which, is, not coincidentally I doubt, when it tastes good.The op is these salad trays with blatantly disgusting raw broccoli.Vegetables are meant to be cooked.
>>61822051>>61822626Also...butter isn't God tier. Post hands.
>>61822664I know you are being sarcastic, but people don't seem to realize working for companies is temporary thing. This is why renting make sense as well. Why buy property when you very well have to move for your next job.
>>61822685The op of "the American Dream" only started once it was a scam and more profitable for corporations and banks than the people in the home.People are incredibly easy to control when you control what they hear all day.
>>61822626Lol. Based retard.
>>61821403>5% APYKEK
>>61821403I almost bought a home but now I dont know if I want to. I like living with mommy and having momey.
>>61822523I'm willing to bet they are also putting money into an index fund. DCA'ing into the SP500 is normie shit
>>61822717Nope, less money to invest since mortgages especially in the short run is more expensive. Not including higher cost in utilities, maintenance, etc.
>>61822732Bro, thats the same shit as renting but you are actually building equity
>>61821741Because when you're in a completely empty house without any plates or cutlery it's the most convenient thing to eat. It's pretty simple when you think about it for 10 seconds
>>61822747I don't have to pay for repairs and maintenance among other things. Landlord takes all the risks.Being a landlord / property owner only pays off in the long run.
>>61821961>id happily spend 80pc on equity to myselfYou don't, the mortgage is structured so the interest is frontloaded. Your starting payments are like 80% to interest 20% to equity for the first several years.
>>61821403I wouldn't be surprised if redditors got themselves into massive debt just to post for upvotes. If all those posts are even real.Have access to an empty house, buy pizza, get upvotes.Never underestimate a redditor's desire for those upvotes. They will get fake and wrong quote tattoos for it.
>>61822839That’s literally 100% happening.
>>61822051>>61822060>>61822626>>61822679No surprise retards on the internet are getting psyopd into hating broccoli and thinking it's poisonous when its a powerful anti-estrogen food with studies linking it to higher test and lower estrogen.Fucking retards
>>61821403They are in debt up to their eyeballs
>>61822909>t. Peter Attia, Jeffrey Epsteins kike disinfo agentGood goy, eat your steak.
>>61822839100% this lolIt's retards with dual income getting into massive debt that will ruin them later when their bf or gf dumps them and retards faking it for upvotes
>>61822747Do the mathPaying rent and putting the difference into an etf may beat the equity you build in a home.
>>61821741>3 pizzasthey must be fat
>>61822923>Do the maththats racist you fucking biggot
>>61821403One day it will all be hers
>>61821741Is that a dominos box on the left? A million dollar house and you buy dominos?
>>61821741I had a Jewish professor in law school who would use reddit terminology in his slides, like "heckin floof" and all his slides were interwoven with dog and cat pictures. He would wear quarter zips unzipped with his bare chest exposed in the middle of winter. He would bring his dog to school during his office so the "students" (none of them ever male) could see them. This was a married man with children. He made us come meet in his office to discuss our midterms and he's got "critical race theory" proudly displayed on his front desk. It's crazy the lack of awareness these people have.
>>61822051This was made by a dyel
>>61821509I make crayola model magic medallions and sell them on Etsy
>>61822051>Garlic is...le bad! Tier 0! Fuck off, pharma Rabbi. Paracelsus and all alchemists know garlic is essentially the panacea of nature
>>61821403>CAthat's most likely not a mansion
>>618214031. Eat a healthy diet and exercise daily. Poor health will ruin your finances in numerous permanent ways.2. Do well in school and select a specialty that makes good money. If you're smart (i.e. you'll be in the top 5-10% of your class) then go to college. If you're brown, learn a trade.3. Find a partner who isn't stupid, makes good money, and has little or no debt.4. Don't have kids. Definitely don't have accidental kids as you'll be fucked for life.5. Prioritize high income at a young age over the "follow your dreams" mentality, but avoid excessive mental/emotional stress. Job hop aggressively if you need to in order to achieve this.6. Max your 401K/Roth contributions and invest your extra savings.Do this and you'll be a millionaire before middle age, and you'll be able to exit the meat grinder before it claims your body, mind, and soul.
>>61822082I hope these people lose everything and end up broke and homeless
>>61821741>>61822751Not just that, you're having the pizza delivered your home that's what seals the deal
>>61823532seethe harder loserJust want you to know, that I a single guy at 34 own 2 houses (crypto + stock investments make this easy), one of which is a 4 bedroom house on a lake that I only go to for 2 months of the year for summer and am looking at buying my third house soon. There are rooms in my main house that I haven't been into in half a year, meanwhile you are probably stuck in some poorfag apartment the size of one of my multiple living rooms. Maybe you should make something of your life instead of being jealous of others success.
>>61823254>4. Don't have kids. Definitely don't have accidental kids as you'll be fucked for life.demonic
>>61821403>1.5M>dominoshousepoor af
>>61821406So instead you're rent poor cash poor? Fucking NEETs.
>>61823254All this just to have a house that a boomer got for free just for showing up. Feels bad man.
>>61821403I could buy that, but why the fuck would I? I live in a small village renting an apartment for 600$/mo. I have 1 mil in equities and earn 100k per year, my family uses 27k$ a year. 73k goes into equities instead of pretending to be rich, I have a stay at home wife. Looking to retire in less than 10 years in my 40s. Fuck your gay cities and fuck wageslaving. There's not a single basket ball player in my town. My kids are insulated. I won.
>>61822920>being so opped you don't eat steak
i dont want to be richi am already rich because the material world is an emanation of god
>>61821403Redditors live on the coasts, and 4channers live in flyovers.
>>61823623Let me guess, both your parents were immigrants.
>>61823623>I h-have 2 houses! I'll get 3 soon enough! I'm a multibillionaire! I'm better than you, pleb!Gee, watch out Elon lol. This aristocrat has two houses! lmao
>>61821403Isn't it weird how at the height of the you will never own a home craze, a propaganda subreddit appears to try and disprove that grim reality and ends up being an avenue for demoralization
>>61821762stop thinking with your brain
>>61824280keep up the seethe rentoid, you will never own a home
>>61822960uhso he was geting his dick sucked by some of the girls for good grades, right?
>>61824050Can’t say you have made it if you cannot even a big house in a major city, loser
>>61822051genuinely how do you post shit like this and avoid the urge to neck yourself, i got second hand humiliation from this shit,
>>61822065I get personal loans for more than that, I imagine home owners can get much more.
>>61822051self hating indian post
Is it possible that at some point trade bots will get so smart they will scrape live post data from pmg to fuck with buyers?
>>61821737> tfw top 10% income and top 5% property size and single
>>61823254>Don't have kids
>>61821403> buyingi don't think you know what that word means anon. buying means no mortgage. mortgaging is still renting but from a bank. you know, until you pay it off. and if you don't they take it from you and sell it to someone who can.
>>61821579I just paid for a 1.6M dollar home with 300k income.
>>61822811Everyone falls for this trap when buying a home and then realizing they're just paying interest and are upside down on their shitting condos with HOA
>>61821403>5% interestHow is that making it?
I had a girl walk out of a date with me because I was renting.
>>61821403>ca, 1.5m>mansionthat's a one story suburban house in the bay area, a mcmansion in cheaper areas at best
>>61826386bullet dodged, good for you
Property appreciation vs Interest payment is the only relevant metric for these no?
>>61824582>Can’t say you have made it until you live with niggers, jews, shitskins and the mentality illOk
>>61822082oh no, it's brown
>>61826447do cardboard american houses appreciate? wtf is your gay economy
>>61827261The land does
>>61826302>I had a girl walk out of a date with me because I was renting.Based
>>61822082my fav brownmutt + white BBW pic(note the fat ankle)
>>61822762>Landlord takes all the risks.This . plus...the risk? its me. I'm the risk
>>61826472There are none of these in good neighborhoods. Just say you cannot afford it and move on. Don’t just shit on neighborhoods where the rich live away from garbage just because you cannot afford it. Go stay in your worthless property. You did not make it until you can afford a top 5% area in your own country away from garbage.
>>61827261Unfortunately it's not just America. The disease spread to Australia and New Zealand, and I'm sure it will be in Europe before long.And it's not just land, as >>61827273 says. Construction is becoming ridiculously expensive for some reason, so already built cardboard boxes appreciate because building a new cardboard box will cost you hundreds of thousands. And the quality is even lower than cardboard boxes of yore, believe it or not.
>>61821403>>61821741>be me>the prophet has spoken>life is meaningless without Keys and Za>mortgage? eternal debt? irrelevant>what matters is holding the sacred ring of Keys in one hand and the greasy Disc of Za in the other>ancestors built cathedrals, empires, dynasties>I will build equity… maybe… after 27 years of payments>but today I ascend, for today I post Keys and Za on plebbit>thousands of upvotes, dopamine sacrament, communion in tomato sauce>I am complete, I am saved, I am His disciple>all hail Keys, all hail Za
>>61821403there's a huge overlap between computer scientists being over paid and reddit usage. the house they bought isn't that big, its in a city full of minorities, and both of them are going to be working for a very long time to pay it off. we're all doing just fine.
>Closed on our home in CT. $1.4M, 8.6% fixed.>Years of planning, disciplined saving, and underwriting risk instead of waiting for perfect conditions.>High quality asset. Fixed payment. Optionality if rates move.>Celebrated with pizza in our own kitchen.>Long term mindset wins.
>>61822090
>>61822090> My move in tradition has always been sausage onion omelet with some rolling rock beersYou mean when the black bull moves in with you?
>>61821403why not when the taxpayers happily pay for it. buying physical assets in a socialist nanny state is what really is retarded
>>61829860>editing reddit posts for demoralizationnice try shlomo
>>61829860>>61830167>>61822082>>61830167>6%+Are Amerilards really paying this much? I thought debt was cheap over there? My mortgage I just renewed is 3.5% on an £800k house with £200k deposit. Perhaps it's a different structure over there, this is fixed for 5 years and then would remortgage.
>>61821579Probably has a foidwife that makes $650k answering mails for 3 hours a day.
>>61822082>Table and chairs on the patio>Deliberately put their greasy pizza box on the floor (which they'll have to clean later) just for the pictureMaybe the Jews are right about the goyim
>>61821403paying 75k/year in interest.
>>61829860>>61830167>Home Depot countertops and wall tile>landlord slum-tier pvc flooring>cramped as shit kitchenFuck I'd say even 400k is overselling this flipped POS, hopefully it's in a good area. Also I'm willing to bet the range hood isn't vented and the fridge door isn't able to opened all the way.
>>61829860Why the fuck is the fridge/freezer right next to the fucking oven? Why is there basically no open space next to the oven? Why did someone leave a dildo on top of the fridge? Why did the redditfag pay money for burnt bread with tomato sauce and a little bit of cheese?
>>61821403That is not rich, that is devastatingly house poor in a state where all the money is fleeing. They will lose their asses. Just because a bank will loan you the money, does not mean it is a good idea.
>>61831269Yeah house poor as hell.
>>61830742Our mortgages are usually 20 years or longer. We used to have shorter mortgages terms in the US as well but people kept getting fucked by rate hikes and needing to cough up so much cash. The government wanted more people buying homes so they introduced longer mortgages with lower fixed rates.
>>61821403
>>61830742why are we engaging? Are you Mr. Beast? What do I win for replying to you?My interest rate was 2.3%. I have a credit score over 800 last time I checked which was a long time ago. My cock can hurt my wife if she wants me to. Did I win something just Venmo it me
>>61822811No, its structured such that interest is accumulated every month so there is more interest on a higher balance, its not "frontloaded" because if you pay more than the minimum you avoid significant interest in the future, if it were "frontloaded" you wouldn't be avoiding it by paying early, you would just be paying the frontloaded interest, but it isn't frontloaded it is a monthly compound.
>>61822839>massive debtUnless housing prices collapse, its not debt, its an equity exchange with the bank due to how tightly mortgage rates are regulated by the government and if there were a massive crash due to construction tech renaissance or regulatory changes, the government would likely provide relief by paying off the bank to forgive part of the debts of houses whose value collapsed.
I can't stop laughing. We, anons, are losing for redditors in income, financial and money. How can we resolve this?
>>61831285I see, makes sense. You can get lifetime mortgages here, but I don't know anyone with one. Most people do fixed for a certain term and then it reverts to standard variable, which is always shit so you remortgage and give the (((broker))) another fee. The big one that fucked people here was endowment mortgages. You get an interest-only mortgage so you're paying next to nothing a month, and at the same time you buy an endowment insurance policy which is supposed to grow and pay you a lump sum at maturity which will cover the mortgage and then some. But of course the growth rates were hugely optimistic, no-one checked before the term ended that it really would cover their mortgage and so you had a lot of people needing to somehow cover a shortfall.>>61831316Because I do not know how US mortgages work, and wish to know more.
>>61829860>white, grey, stainlessthe millennial tricolour. house is worth 400k at most. fucking morons.
renting a normal looking apartment in my area literally costs as much as a mortgage paymentshit is retarded atm
I got a 400K home at 5.5 percent with 12K down, 20K in seller credits, my mortgage is $2200Me and my gf (27yo) make $2300 a month each and our 2015 tahoe is paid off with 165K miles, WFH jobs I still save enough to buy gold bars from costco and I smoke weed all dayBut my wife is wholesome loving and my marriage is great so a whole lot of stress I don't have to worry aboutPeople need to stop financing new trucks and BMWs, everyone my age has a hellcat or something but lives at home
>5.1% mortgage That’s renting. The bank owns that house.
>>61821424Unironically about to marry a femboy who's actually got the same business smarts as me for this reason. Feels good man
>>61821403their secret is working in well paid positions, I'd rather be a neet, inshallah I randomly get rich I'll be happy but in the meantime my time is too precious to spend it like they do
>>61821403absolutely retarded lol but hey suckers are born every minute
>>61822523Banks allow you to dump a mortgage in an index fund?
>>61822523>>61822573You’re not earning 12 percent risk free, and you’re not pulling 60k a year without touching principal. That’s theory, not lived returns.Owning turns leverage into forced equity and inflation protection. Renting turns income into a permanent expense and calls it flexibility.Liquidity only helps if you never misallocate it. Most people do.You either use controlled leverage on a real asset and become the BVLL, or you wait forever in cash and stay the CVCK.
>>61821440It really does THO. My bills half and my QoL doubles when I have a live-in gf.
>>61822523Most FIRE recommendations are to withdraw 4% a year to account for market fluctuations and inflation, so you’re more like $20k a year. $1m is probably the new minimum you need in index funds if you want to either be a weirdo with roommates the rest of your life or supplement with some low effort part time job making maybe $20k a year.I’m personally aiming for $2m then supplement with part time music lessons and home repair. Hopefully will get there in 10 more years unless crypto is good to me
Real estate sucks, your just paying rent to the bank and you have non stop maintenance. Plus it's illiquid as shit.I treat my landlord like the wagie he is and give him call whenever smthing needs fixing
>>61823254>Don't have kidsLiterally the main purpose of your existence
>>61833072First you say she's your gf then you say she's your wife. Too stupid to even LARP on an imageboard let alone be financially successful
>>61821403>>61821950But based if you own a house without credit, right? RIGHT?
>>61833072>be in similar situation>barely made it out of marriage counseling>about to blow $10k on a mint 90s Miata
>>61821741Pizza is food created by Satan. Those who consume pizza, have unknowingly had their soul consumed by the Devil himself.
>>61833335>>61823651>>61824884Why do you care if a random person somewhere on the planet doesn't want to have kids? Go have plenty of kids if you think that's important for you. Oh wait, you won't because you are a loser on 4ch. But telling other people to have children sure makes you feel smug and principled while sitting in that cumstained armchair...
>>61833620Yes that is based IF you bought it to live in. Buying houses to flip is unbased.
>>61821403why would you invest in an unsellable "asset" in a crumbling nation? Not to mention all of the annoying upkeep and maintenance. This is retarded behavior and will leave you as a bag-holder in the end. >develop high leverage skills that can be done from a pc anywhere in the world and monetize them>become wealthy>get your passport (several even)>never own property, only rent>keep yourself armed (handguns and switchblades)>develop a minimalist mindset (you should be able to pack everything of value you own in a few bags in under an hour)>pay close attention to the political climate in your nation/area>hop on a plane and leave the moment things project badlydo NOT anchor yourself anywhere or you will become a slave to that anchor
>>61821403Thats not a mansion in CA its probably like a 1500 sq ft 3 bed 1 bath. Overpaying 5x what it should actually cost and getting raped on taxes and utilities.
>>61833810To live in - Flipping houses is millennial coded and for forgots
>tfw paid 400k cash for a mcmansion in the middle of nowhere florida>dedicated arcade room
>>61821403Do you really think Gen Z will be able to buy a house?Of course not, houses will never 2x from here, as multiple generations can't afford it, and the generation that can afford it is about to retire and spend all their money on wine and cheese and their retirement village. which is a great indicator that house prices are going to dump soon. I think the mother of all housing crashes is on the horizon. The market is far more illiquid than stocks, it'll take a while but housing is also due for a correction that'll last a good 10 years. Rugging millennials and Gen X into buying houses with all the money they will make in 50 years across a mortgage has ALWAYS been the point.
>>61833072>Me and my gf (27yo) make $2300 a month eachwait, you are individually making like what $35k??Do you both work at a fucking Walmart or something?
are there really people here who dont own multiple million dollar houses? why aren't you at work? there is no secret, own stuff, don't pay inflated subscription rates forever its that easy. A house is a one time cost. rent goes up forever. Would you really rent a new phone 150 a month instead of just pay 1500? I guess a lot of idiots do just that, apple stock dividends sure look good on the taxes.>/biz/ in 2015 on me buying up properties for dirt cheap >you're an idiot it'll all crash renting is so much better than owning. owning is historically more expensive. it's never been this expensive to own. it'll crash for sure!!now my 800 dollar mortgages at 2.5% rent to 3 people at 1300 each. learn from history or repeat it, the choice is yours. people need essentials, it is a 100% guaranteed bet. if society fails to the point its not hope you've got food and guns because you'll need it.
>>61834078>now my 800 dollar mortgages at 2.5% rent to 3 people at 1300 each.it’s currently cheaper to rent than buy in many places because of the higher interest rates. the only advice to be gleaned from your situation is >hope for another decade of zirp
