Redditors are buying million dollar mansions and you're still renting.How do they do it bros? How are redditors so rich? I thought we were the smart ones.
>>61904169Ben Felix said renting is better so you're supposed to rent and buy stocks.
>>61904169>someone signed onto a 30 year debt note>why not youuh ok
4channers are loser incels while redditors are sex havers in relationships.
>>61904169I live with my parents.
>>61904169>$2.5M>popcorn ceilingCalrifornia is fucked.
I live on the same plot of land my great great grandfather bought in the 1800s. I follow in the footsteps of my forebears by farming barley and legumes to this day on this plot. No fertilizers or pesticides
>2.5m>Palo AltoThat's a 2 bed cuck shed
>>61904225Uhh based department.
>>619041692.5 million how much did he put down?
>>61904207Redditors are failed normies that can’t accept their failure status4channers are losers but accept their loser status and are not insecure about it like Redditors are
>>61904212Best part is it's not even a real house.... It's a townhouse.>Might as well kept renting
top notch cope guys, keep going
>>61904169>Paying 2.5mil for a shitbox
>>61904207I had sex once. It hurt A LOT and got poop everywhere.
>2.5M at 5.5%raped
>bragging about 138K per year in mortgage interesttop signal
>>61904309Wrong hole.
>>61904225I salute you, American Man.
>>61904169These posts have got to be fake. Who the hell is dropping 2.5 mil on a small shitbox made of trash-tier materials?
>>61904389exit liquidity do be like that
>>61904295Both are losers so can't accept their status, but they cope in different ways
reddit is full of normal successful, smart and ambitious people. No everyone is a social inept, autistic loser like me.
>>61904309Thats normal
>>61904389>cuck shed midwest:|>cuck shed palo alto:0
>>61904389>Who the hell is dropping 2.5 mil on a small shitbox made of trash-tier materials?Someone dumb with rich parents. It’s probably not fake. Many such cases.
Just before Silicon Valley implodes due to AI. Lolololololololololololol
>>61904212I think that's carpet... oh god.
>>61904462My.. is that JOHNNEH DAVIDSON from the tourettes documentaries? I heard they even made a movie based on his story.https://youtu.be/Vs0IHCsXuTM?t=59
They have rich parents.
>>61904207redditors are hedonistic atheists and they wont be able to take their wealth with them when they die
>>61904309Did hurt to sit down?
>>61904309Completely normal for the first timeMy next time, 8 years later, I was sure to espressomax beforehand to empty my bowels
>>61904565I'm straight by the wayThe first pooping happened when I was on top in the missionary position
>>61904169is that a carpet on the ceiling?
>>61904539Wrong. They went all in on Nvidia with their 200k/yr tech salary
>>61904389The tech labour aristocracy.
>>61904207This but unironically
>>61904169I rent, 5% of my income per month for a family of 4. Investments up 450% in the past 5 years. I'm really suffering.
>>61904169>be rentkek>move into nice apartment>shitter clogs, call landlord>washer and dryer not working, call landlord>fridge broke, call landlord>oven shorted, call landlord>any time something breaks or goes wrong, call the landlord>all I have to do is pay him $900 a month and I get a place to live + free maintenance on all my appliances, and if anything breaks, I don't have to pay to fix itdownsides:>you can get evicted>you can't smoke inside>you aren't allowed to make alterations to the structure
>>61904768>>you can get evictedbro your squatters rights?
>>61904169so he pay almost 10k per month for 30 years?
>>61904299>share walls with neighbors>perpetual increasing HOA fees>need approval to do things to homeWhat the cuck??
>>61904545I'm donating my wealth to charities
>>61904225This post is antisemitic
>>61904169>i'm a slave to bankingwhy normies think its a flex
>>61904389It's probably some techfag indian couple to whom that shack looks like a castle compared to their living conditions in india.
>>61904169They found some one with a little hat, good for them.
Keys n za my man.
>>61904207>reddit>sex haversa cursory search of the Epstein files will reveal that this is not the flex you think it is.
>>61904207Redditors are commies that graduated from college with a liberal arts degree and are stuck in basic $40k - $60k a year wage-slave jobs and hate America and Capitalism because of it. They had sex with some ugly fat chick in a ployamourous relationship, but it eventually failed because she was getting new dick every week and the only thing he could pull was maybe one other ugly fat chick. She eventually found him pathetic and dumped him.4channers are either based monk virgins, rich Chad-lites that have a masochistic enjoyment of the grind and making money, or they're rich nepo babies who schizopost and frenpost in defiance of their glowposting parents.
>>619069268.6% that's really bad
>>61904225oh yeah, post pic of the outside of your window.
>>61904389Gigavaxxed balding overweight tattooed millenials
>>61904225based, though do you have any animalshave you considered poultry (chicken, peahen, turkey, rabbit)
>>61904225this post melts polar icecaps
>>61904169>Redditors are buying million dollar mansions and you're still renting.>2.5million>mansionOP... it's not 2006 anymore that isn't a mansion that's a fucking house.>>61904462I've held off on purchasing a home due to the next 08 tier crash were heading towards, and it might be worse than 08. I already do have a home but it isn't in the most ideal part of the country.
>>61904225One of the most based individuals to ever walk the earth. Antisemitic too
>>61907402That crash has been a long time coming since about 2023
>>61907615I just want it to happen already, but they are doing everything to delay it.
>>61907919Two more weeks, zoomie
They must all be scientists or something
>>61904393Probably this. But Reddit is left wing losers while 4chan is right wing losers
>>61909021It needs to be under 5.5% to be worth it though.
>>61906926The downpayment is also important. The lower the down payment the better
>>61904169>life in a place with a latrino citynameNo thanks.
>>61909021there is nothing more euphoric on this earth than dangling keys in front of redditors before throwing them down a drainimagine being such a fool to think anything about keys instead of the gun you're defending your door with
>>61904207tsmt. 4chan incels vs Redditor CHADS
that shitbox will be worth 800K less than what he paid for it by the end of the year
>>61909143Depends. You're losing a little money every month on insurance under 20%, and if you're at like 0-5% on VA or FHA loans at 8.6% you're going to be paying a hell of a lot of lifetime interest. Depends what you're trying to do. If you can use that money to get higher than 8.6% out of the market or some side business or something it would make sense.
>>61904225Sounds incredibly racist what you are doing .
>>61904169What does it mean at 5,5%? Is that the interest rate he pays to the bank?
>>61904225>HE CAN'T KEEPY GETTING AWAY WITH IT
>>61909021Scientists make shit moneyDespite the headlines about "muh tech layoffs, muh AI coding, muh H1Bajeets," they're still paying almost $200k for entry level engineers at big tech companies. Mostly because that's what you need to actually live in one of the big tech hub cities like Seattle or San Fran without five roommates and eating ramen every night
>>61912222Yeah from what everyone I talked to in my family told me, you should really only put a lot of money down if you plan on staying there for a long time. Otherwise the savings probably wouldn't be worth the money, since you could just park it in stocks.
>>61904169>million dollar mansionsThat would have been like a $60k house 30 years agoIt will probably go back to that price when AI kills white collar jobs
>>61904169>palo alto, 2.5m>"mansion" 2.5m in Palo Alto gets you a small one story suburban house.
>>61904169I bet the exterior looks something like this. It's a former section 8 apartment building repurposed as a single home.
>>61913292you don't understand. inflation is not going to reverse. you can't just un-print trillions of dollars. jobs going away just means that you will never afford a house. ever.
>>61906981If this is how you view the world you’re a delusional faggot.
>>61913343If nobody has a job then deflation happens which is indeed inflation in reverse
>>61913343I see other countries remove a few 0s off their inflated currency. This is after hyperinflation tho. Is your 5.5m mcshitbox inflated when it was 60k 20-30 years ago? how many multiplier is that? Min wage still 7.25 tho amirite?
>>61904169>>61904169That 5.5% is annual right?Assuming 20% down theyre paying 11,000 a month to live in a place smaller than my neetspace. For what? Weather? Don't get me wrong I'd like it to be 65 and sunny year round but not for 11gs a month.
>>61906926>$1.4m>That picture of what looks like a tiny apartment kitchen with a cramped corridor that visibly goes for about 4 feet before resulting in a few other tiny cramped rooms>The skylight showing this is the one and only floor of the (house? apartment? bungalow?) The fuck am I looking at here?
>>61904198It's 50 years now
>>61904225Based if true.
>>61906926>8.6%holy shit. so glad I bought in 2020>545k, 20% down, 3%>worth 800k nowget rekt redditfags
>>61906981Holy shit, try getting off the internet for a few hours a day.
>>61904225>No fertilizerswhy
>>61904174>listening to a LEAFNGTMI
>>61904768>rentoid calls me>ignore callLOL
>>61904169well i wouldnt want to take a mortgage on a house with that price tag. but it feels bad i cant afford a 300k house. it feels worse 300k houses were 50k before the pandemic.
>>61904169OP really went into generational debt for a condo/townhouse and has a complex about it. Said in another post he makes 750k. With California taxes that is not a comfortable financial position in a sales job. Top kek
>>61917764that house looks like one from san francisco. Those houses are merged together (multiple houses as one unit), which will crumble if an earthquake actually its. He's only forced his slavery to what he owns
>>61904169A mortgage is debt not wealth.
>>61904169>palo altoI remember 15-20 years ago shacks there jumped from like 50k-100k to 300k-400k, now they cost millions rofl
>>61917713>they smear feces all over and the building falls apartrentoids rekt
What are your mortgages, anons? I'm moving at the end of March to a 200 square metre house in South-East England, with a 75% LTV mortgage of ~£590k, 32 year mortgage, fixed for 5 years at 3.6%. I certainly don't plan on letting it run for the whole term. Can you overpay mortgages in the US? Here you can generally overpay up to 10% of the initial balance every year without penalty while in a fix, and however much you want while not.
>>61904169>2.5M>low popcorn celling>clear signs of doddy patched drywall in the wall over the exhaust system (mould?)>ugly ass vynil flooring already failing>beige fresh lick of paintYeah, it's a flip house. He got fucked real good.
>>61909021>polyestirene carpeting next to the fireplaceBoomers will not be missed.
>>61917872>all this retarded ESL spellingthis board really is just a bunch of retarded jeets isn't it?
>>61917930You are using English because it's the only language you know. I am using English because it's the only language you know.We are not the same.
>>61917855Yes in general (you) can pay as much as you want towards the principal at any time. Our interest rates are almost always fixed for up to 30 years so we don't get turbo-raped if rates go way up like in the 1970s. So it's a little less urgent to pay it down.I understand that incomes can be pretty low there and property is relatively expensive. In USD that would be more expensive than 95% of houses in my city anyway. Genuine question, so if interest rates go up are you and everyone else just completely screwed or is there a maximum rate adjustment? Rate increases on adjustable-rate mortgages basically caused our economy to collapse in 2008.
>>61917964Counter point: You came to him, he didn't come to you.
>>61913357>>61917607^^^ Redditors SEETHINGLmfao!
>>61904389redditors, aka NPCs
I bought the house of a dead man
>>61904169Redditors are not buying mansions. Buying property in the US is impossible, you can only rent it from the government. In Palo Alto, CA, their property tax would be around 1.2%, meaning that after they pay off their mortgage, they will have to pay $2.5k every month in rent, forever. To put things in perspective, that's around 1.5 pounds of silver every month.
>>61904310>2.6 million dollars in interest aloneYeah these r*dditors will neck unless they’re some super rich trust fund kids.
>>61904169>million dollar mansion>CAD
>>61918199Property tax goes back to Antiquity, nigger. It's income tax that's novel and unjust.
>>61917681Larping.
>>61918705>slavery goes back to <a long time ago>!and?
>>61918002>In USD that would be more expensive than 95% of houses in my city anyway.Yeah, it's quite an expensive house for the market. Our homes are smaller than yours in general, because we have less land to build on.>Genuine question, so if interest rates go up are you and everyone else just completely screwed or is there a maximum rate adjustment? Rate increases on adjustable-rate mortgages basically caused our economy to collapse in 2008.Yes, if we are stupid. Pretty much the same here in 2008, after that they brought in affordability criteria and income verification. Previously you could just tell them you earned whatever and they'd take your word for it, now they have to verify. And they have to do a limited amount of simulation, like if rates went up to say 10% would you still be able to afford it. But there's still ways to get round it and still get fucked.The ticking time-bomb at the moment is interest-only mortgages. Poorfags got these mortgages where you don't pay down the principal, just the interest, so their monthly payments are really low. Of course the idea is that they invest the extra and have it to pay off the principal when the mortgage ends. In reality they are poor and/or stupid so they can't and/or won't, and when the term ends their home will be repossessed.There are also tracker mortgages which as the name implies track the base rate plus say a percentage point for either a certain period after which you remortgage or for the entire term. They're usually cheaper than a fix because you pay for the certainty in a fix, but you're obviously exposed to any economic shocks.In my case, a lot would have to go wrong for me to get fucked. Monthly cost along with insurance and other associated bits is not much more than what we pay now due to different terms, and less than 25% of our household income. And with the 5 year fix we should have some notice of any big changes and be able to move cash around to bring down the principal.
The redditors didn't actually slap $1m in cash on the table for a house. They just got approved for a mortgage. If they have a decent corporate job then they can afford $3-4k/mo in payments. I personally don't envy anyone with a mortgage.
"redditors are taking photos of the bnb they rented for the weekend and taking photos to upload on reddit to pretend they just bought a house for updoots and to temporarily feel the illusion of buying a house"This is far more likely what is happening when you understand the pathetic need for acceptance redditors have
>>61918711What's wrong with slavery?
>>61904169>Redditors are buying the top, and you're renting!!I'm so jealous that they're buying the top!
