Is it true, /biz/?
>>62331557No, all your net worth is 100% in fairy dust if you do that. Owning your own house is at least something real.
>>62331557Owning a house is pretty much a hedge against inflation. You always lose money with a hedge but it keeps your loses down
>>62331577home owner cope
>ran it through an AI and it agreed
my neighbors just kicked out the NIGGER family that was living there to move their daughter in>gtfo rentgroid you're no longer welcome
>>62331557This is why so many renters are really wealthy, not in debt or living month to month.Oh wait.
>>62331557It's only true if you're high IQ and have a specific combination of personality traits
>>62331607Basically someone with discipline who doesn't spend all the spare money they have after necessities
>>62331623Exactly. Which is actually fairly rare.
>>62331557This guy is running a fed psyop to keep your fiat in the US markets. If it’s true it’s only because of bad monetary policy and consequential inflation. You’re a total failure if you run this strategy.
>>62331557Or you can have the best of both worlds and buy a house with a roommate(s). I have my mortgage completely covered and will have a nice house paid off for me. The mortgage interest is tax deductible as well as money I spend on the house like maintenance.
>>62331724>a house with a roommate(s).You meant a spouse?
>>62331738Potentially. But personally I bought a house with a casita. The casita basically covers like 60% of the mortgage. And I also have 2 other roommates in the main house, but I may kick one out so I can have the master bedroom. Even if you can just tolerate roommates for 2 years, you can use those 2 years to get all of the home improvements/repairs tax deductible, then kick them out.
Yeah, then you lose your job and homeless. Interest rate for homes are lower than inflation in many occassions, just get a flat rate during those periods.
Fucking right wingers buying houses wat idiots lmao
>>62331557Kind of. I made 200k and bought a 160k townhouse that everyone made fun of relentlessly. It allowed me to compound though and retire at 35. Oddly Run the Jewels gave me this life advice in 2009 on the cartoon network. Owning a slum>cheap rent>expensive house>expensive rent
>>62331714Why are you here? You can not have any money.
>>62331557>"I'm raising the rent.">"I'm giving you a 2 month notice to move out before I start demolition.">"You're new neighbors are Indians.">"I'm selling the building to the Goldsteins."
>>62331557Given current performance in real estate and equities. When index funds take a shit it won't be true.
>>62331793I saw this happen to a guy where he had been living in the home for 20+ years. I was there to do some work and their real estate agent and buyers were there. The rentoid was seething
i think the only time you can beat the S&P in real estate is if you rent out several properties. nobody gets rich paying a mortgage on a single house, if anything you barely break even by the time 30 years is up when you account for inflation.
The only exception a house is a better deal is if it's 100% paid off and has upkeep of $1000 or less a month everything included such as in the case of inheritances.Other than that cheap rent beats it every time. There's apartments in the Midwest right now I could move and live for $500 a month.Buying a house in cash is rat poison squared. It not only takes money from you every month with shit breaking and upkeep constantly like mowing but that money is locked in and earns zero in dividends and zero dividends. Equity is a meme, any money you earn from the house appreciating goes right back down to baseline or even losing money because of repairs and monthly costs as well as houses losing value with age unless they have lots of land.S&P 500 has made 16.5% last 5 years
you will own nothing and be happy
this guy would be hung and raped in the 1400s
>>62332009>Buying a house in cash is rat poison squared. It not only takes money from you every month with shit breaking and upkeep constantly like mowing but that money is locked in and earns zero in dividends and zero dividends.What is rental income
yes, you can get a better return from renting and investing vs owning. but I’m sure even this slob will tell you that the benefit of owning is that it compels you to invest each month by paying your mortgage. there is no imminent threat of homelessness hanging over the renter’s head to make a monthly contribution to an etf.
It's true if you're renting an appropriate sized apartment and are willing to deal with all that entails. Morons will read this and then rent a house for $5,000+.
People dont have the discipline to invest, but they are going to probably pay their mortgage. Its also a way to get 30x leverage and never get margin called because the zestimate dropped. This turbofag also bought the top of the austin real estate bubble so hes just retarded. The actual smart way to own real estate is wait until dividends cover your mortgage or your port is big enough to buy a house with margin. Im opting to quit working for kiks between 40 and 45 and start developing property myself.
>>62331557it's true, but the truth is that the median normie doesn't have the will power to invest in that manner. if they rented, they would just blow all their money on frivolous shit instead of investing. buying a house forces them to put equity into the house. for disciplined people, buying stocks is MUCH better than owning a home for wealth building.
>>62331562I can sell my fairly dust without weeks of inconvenience and a 6% tip. sounds good to me.
>>62331557living with your parents and investing everything in the stock market is better actually
>>62331557Housing is an expense, not an investment. There is nothing inherently wrong with renting and each transaction has to be evaluated based on its market. You can get good deals and bad deals whether buying or renting. In the vast majority of the US, the real estate appreciation rate rarely performs better than even the bond market. The biggest advantage of owning is it is harder for you to be kicked out and you can generally get more home for the money you are spending (not always true), but at the cost of maintenance, taxes and liability/insurance. The decision to rent vs buy is far less important than the decision of what portion of your income to spend on housing. If it is more than 25% of your income, you are in the danger zone of permanent debt slavery.
I can tell nobody here owns a house. They are money pits just like a shitty car
it's true if you just need a bed and a roof to pass the time between wageslaving sessions. i.e. you don't need rooms for kids, overnight guests, office space, and off-street parking for multiple cars. in which case, why even live
When you ask them for real numbers instead of just trust me bro it almost always turns out they are comparing something like buying a 750k 4 bedroom house to renting a studio apartment.
rent gets more and more expensive over timemortgage stays the same, even though the property value grows.it really depends on a lot of factors, but it's nice owning something, and not having to worry about jamal burning down the whole building cooking his fried chicken.
>>62332320>jeets move in and become your neighborsWhat now bitch?
>>62332370fire up the jeetshaker
>>62331557People confuse what's the best return on your money and what's the nicest feel.If you are trying to have the most money then renting+S&P500 wins. Especially if you go to "renting modest apartment" vs. "buying enormous boomer home with yard and other bullshit", which is what happens in practice when people consider buy a home.But obviously having your own home feels pretty nice and you can enjoy stuff that's going to be rare to nonexistent in rentals.The real argument is people saying "good investment" and confusing "maximizing returns" and "nice thing to buy I like". If you don't specify which one you're talking about then it's easy for people to disagree.
>>62332222I own a house. It's not a good investment, it is an enjoyable (and fairly cost-effective) expense.
>>62331562you gotta understand the context that caleb is a gay jewish man in Austin where owning a home is an alien concept and everyone just rents because they understand that eventually they'll return to their home city like a salmon
>>62331557it might only be true if you only care about numbersin reality, living in rent is shitty and if you don't care you're a piece of shit personwho cares if it's more expensive to own your own home? you have it exactly the way you want and you get to pass it down to your kids
>>62331577>Owning a house is pretty much a hedge against inflationthat is retard level thinkingyou own a house to live properly, not at the hand of a retarded landowneranyone who cares if their house goes up or down in price is a retard. if anything, if your home goes down in price it means you pay less property tax. only a RETARD would think "durrrr how i can't sell duh house i bought for more". you wanna gamble money? go to a fucking casino. houses are for living in
>>62332370File complaints to management. After 30 days, file a complaint with your city/county public health association.
People actually think Caleb Hammer's channel is genuine? Are you the same people that think Kitbogas channel is real?
>>62332420what if management is indianwhat if "city/county public health association" is all indians
>never owning a home is actually... le good
>>62331562>Owning your own house is at least something real."Owning" home isn't any more real than owning a stock. You only "own" the property because the government says so on a piece of paper. They will take it away from you if you don't pay their protection fee.Stocks are a lot less maintenance and just as fake as home ownership in this economy. You don't need to pay the realtor guild to access your wealth and you don't need to pay the government protection racket.
>>62331557>stock market crashesyou live in a slum and have cocks and balls in your mouth>housing market crashesyou keep living in your house as if nothing has happened
>buy a house>niggers move in next door>youre stuck with the bank and a property that will depreciate
>>62331557Money = debtHoarding cash = owning someone's debtBuying stocks = buying casino chips with the debtOwning anything tangible = real ownership
>>62332644Ignorance is truth.
>>62331557Only boomers wrap up all their value & retirement in their house. You need both.
>>62331557>AI slop agreedThey’re programmed to
>>62331741I'm doing this but with basement rentoids, 90% of the mortgage is covered.
>>62332222That’s because the point of a house is to raise children. Singles, dinks, and other failures don’t need one
>>62331557That's totally true. Home owning, especially at a young age, is retarded. It's really the midwit option. >>62332222This. Flats are a little better, but still don't beat stocks, precious metals, or crypto (for those who know what they are doing).
>>62331557Paid like $300k cash for my house.100% white neighborhood.100% white area.99.9% white country.90% property tax discount for having 4 kids.Pay literally $25 a year property tax.Sleep like a baby in my nice family home where my wife and kids and I are safe and secure.
>>62331557caleb is also a landlord so hes just telling the goyim to stay in their placeyour rent will increase every yearyour mortgage will not your primary residence is not an "asset" that you are going to sell off, you will always need one to live in. thats the whole point of having money. for most wagies 10% of their salary ($6k median) grown at 10% on a good year will bring you $600, while Mr Hammerstein will probably increase your rent more than $50/mo. the market is something you should absolutely participate in with extra money but this is landlord propagandaalso nigger i like making loud noises at night and having a lawn, rentoids cant imagine that freedom
>>62331557Assuming the stock and house markets behave like they did in the past, then yeah. House values in the US increase about 3-4% per year. Investing in ETFs historically gave you 7+% per year averaged over several years.Plus a house needs regular maintenance and taxes. An ETF investment portfolio requires almost no maintenance.
>>62331557if you look like that dude in the picture>youre jewish>youre fat>you wear glasses>your hair is cut>except for the top and front>curly hair>black hair>facial hairany one who looks like that should be sent back to israel
>>62332905Can't sleep in your stock portfolio.Can't bring your GF home with your online assists.Can't invite friends to your portfolio for a BBQ.
>>62333014Rent an apartment and invite your friends to a hotpot or something.
Obviously its true that dumping the entirety of your disposal spending into a home rather than saving money/investing for 20+ years is a silly ideaDepends on mortgage vs rent rates of courseLotta places that are very inflated in property costs right now
>>62333014this./thread
Wait people didn't know this? Lmao the 2020 housing market rise is not a regular thing.It doesn't make sense to buy a house until you have least $250k and actually have a family that needs a house.
>>62332864>your rent will increase every year>your mortgage will not*laughs in property taxes and insurance*
>Because it's easy to move outThis implies you are going to be moving around chasing areas that are not nigger-infested. This can be costly or incentivize you to own less. Just keep running away from your problems goyim and let the minorities replace you.
>>62333165Insurance is such a scam. Also fuck property taxes. You will never own your own home until you walk into city hall with a shotgun and blast all your local government politicians to pieces then declare anarchy on property.
>>62331557the house is a physical fucking asset, it IS part of a diversified portfolio. Rent isn't cheaper than a mortgage in most places worth living.
>>62331714>fed psyop to keep your fiat in the US markets. If it’s true it’s only because of bad monetary policy and consequential inflation. You’re a total failure if you run this strategyThis is why I'm 100% in physical silver
>>62333276You can just pull equity every 3 years to remortgage because houses just go up
Is renting the ultimate cuck? I cannot think or comprehend of anything more cucked than being a renter. Honestly, think about it rationally. You are working, budgeting, paying bills, and handing over thousands of dollars every year solely so someone else can build equity.All the hard work you put into earning that rent money — waking up early, commuting to work, putting in overtime, dealing with your boss, saving where you can. All of it has one simple result: another person's mortgage gets paid.Found the perfect apartment? Great. Who benefits? If you're lucky, a random landlord who had nothing to do with the way you earned that money. He collects the rent every month. He gets the appreciation. He gets the equity. He gets the tax advantages. He gets the asset.Meanwhile, you get the privilege of paying for the roof over your head while building precisely zero ownership in it.Kept the place spotless? Great. Made every payment on time? Fantastic. Stayed there for ten years? Wonderful. Who benefits the most? The owner, whose property value has gone up while you funded the carrying costs the entire time.As a renter, you are LITERALLY dedicating years of your working life simply to help another person pay off their property. It is the ULTIMATE AND FINAL housing cuck. Think about it logically.
>>62333753The ultimate cuck is the land janny who accepts a below market return while giving up evenings and weekends to fix every little issue with his 'investment'
>>62333165Because when the landlords taxes and insurance goes up, he surely won't pass that cost on to you!
>>62332205There are a few major legal benefits to owning your own home that you don't really have as a renter. Off the top of my head to do with search and seizure, but also I think with court fines I don't think they'll take primary residences in bankruptcy but you can lose your lease from a bankruptcy.That said if someone is staying out of trouble and not being targeted renting is okay, up to perfect fine depending on the neighbors and problems they might bring with them. justicemap.org
>>62332387>"buying enormous boomer home with yard and other bullshit", which is what happens in practice when people consider buy a home.That's real estate agents' fault. They push homebuyers into buying the very biggest house they can because that gets them a few extra hundred bucks in commission. It happened to me, too, although in my case I was being excessively stingy and the house wound up being the best option of what I was looking at, regardless (the others were literally crackdens and uninhabitable).There probably needs to be some regulation on real estate agents to make them stop doing that, and provide better advice to home buyers based on what they need, rather than what they can afford with maximum financing.
>>62331557having your own home is a mental satisfaction thing, people who live in their own homes are happier, period, life is less stressful, you can decorate and modify it however you want, the government doing retarded shit with immigration doesn't fuck you over directly, as you aren't competing with any jeets being bankrolled by their family for the chance to live in your own home. No lawsuits over damaged utilities with the landlords, no landlords at all etc.Also, my unit is worth like more than double what i paid, and i can take out equity loans to invest to make more money, this is a BIG part of why you want to own your own home.Sure, on paper you might make more money, until the government taxes your gains and fucks you over, so now you got minimal gains, AND no home.
>>62331714to be fair, my brother who works in my local state treasury said something rather similar, instead of using my property equity to buy an investment property, he reckons putting it in an index fund will make me more money long-term. You're a total slave to the central banking kikes and your federal government, if you do that though, their fuckwit fiscal policies, and general kikery, can leave you destitute.
>>62332009>everyone is an american who lives in a chip-wood home with PVC plumbing that falls apart in 20 years even with good maintenance>t. seething muttmerican living in a concrete jew-box in the sky in NYC
>>62331557this is only true if your demonic government isnt importing millions of thirdies a yearanyone who didnt buy a house in a major Canadian city in the 90s completely fucked themselves
>>62332009> 500 If those were desirable apartments to live in they would cost more
>>62334400>>62334400I got nosy and just wanted to share pic relAlso a lot of >500 apartments are for 55/65/seniorsCheap bastards
>rentoid>Lives with roommates or roommates above/below/beside them Not a problem for home owners Also if you live in desirable cities your rent is going up sometimes excessively and my costs are not
any homeowner who has a >15 min one way commute just to receive a benefit of wasting even more time on having to mow the lawn every week is retardedthis only makes sense if you have 2+ kids, otherwise just rent next to your workplace
>>62331557>right wingers make fun of leftist rentoids but it's far smarter to rent and invest!>>but leftist rentoids also hate the idea of investing and delayed gratification?>I, uh...Amazing cope.
I have only disdain for renters and mortgage paypigs. If you don't own your home you're pathetic.
>>62332918>>62332395Caleb's not jewish his grandparents were native, he's just a mixed heya hoya nigger. Also his hair isn't naturally curly it's permed.
>>62331793the third one can happen even if you buy thoughbeit
>>62334400Imagine believing this. Is this how you justify the current rates your landlord charges you for?
>>62331557Yes, it is theoretically less efficient to lock your money in a house than to get the returns of the S&P500 with the equivalent. Houses are not an investment, they are a means to get away from changing consumer habits - and for that purpose they will always be better than renting.
>>62331793Then you look for a new apartment. It's not the end of the world. Meanwhile when you own a house...>house burns down and insurance doesn't feel like paying>black folks move in next door>termites >local industry shuts down and the house prices plummet>the government decides to build a highway through your property and gives you a pittance>hurricanes>wild fires>tornadoes
>>62331557So instead of paying towards an asset that you own, it's better to pay the equivalent to pay off someone elses mortgage? I think this only works if renting is much cheaper than buying, which it often isn't.
>>62334772My "landlord" is my mortgage lender.I think I need to clarify: an apartment that costs $500 is in a garbage place to live
>>62334427If you're in a desirable area you're property taxes do go up. That fucking sucks. And you're responsible for some expensive upkeep, fun things like replacing HVAC systems or the roofIt's ultimately worth it though, assuming you like the city/town you're in
>>62334904>If you're in a desirable area you're property taxes do go up. That fucking sucks.Not if you live in Caliwali
>>62331557Well that's because right wingers have brains.My sister pays more for a house with no garden as a renter. She has no equity, no wealth... She has no real ability to take finance since nothing to secure it. But I can get 0% credit cards and buy gold with it.
>>62331577>he boughted the house>release ze niggers to domp property values
ok butwhat if line stop going up
>>62332582>They will take it away from you if you don't pay their protection fee.Yet somehow all the property i inherited never got stolen by the government over the past century and now i get to be a landlord because i own more property than what i need to not be homeless without needing to work for 20-30 years to get it. You fell for the propaganda intended to make you and your offspring rent-slaves forever while the rich continue to accumulate assets and keep their clans at the top of the food chain as they price everyone out of ever owning anything so they can milk you in the form of rent
>>62335117Its actually Indians up here
Been seeing a lot of this propaganda. Literal goyspeak. Yeah totally light $2k on fire for the privilege of having a place to sleep and not actually have a home place for permanence. Been hearing this from a lot of people. Similar people saying to buy Bitcoin when it was $120k, "it will be a million dollars a coin". Yes, totally shove all your money into profitless companies that only focus on infinite growth while also doing no manufacturing or products. Green line must go up! Shove your money away for 30 years then you'll be rich and you can die! Maybe a million dollars in 30 years will buy you a starter home! Fucking tards they really want to do one last squeeze before fucking everyone over don't they.
>>62331577house is depreciating asset, because it rots and decays, if you want to keep its value, you need to invest work and money, price going up is just inflation, real value is going down
>>62335267Your body is also a depreciating asset that rots and decays anon, but we all try to wash and excercise every once in awhile so we don't fall apart. Maintaining a property isn't as big of a deal if you keep on top of things, but if you want something to make you feel better about owning nothing you can use the occasional roof repair or plumbing expense as an excuse i suppose.
>>62335258sane, ty. perspective , apparently like nuance, is almost bygone.
>>62331557Only if you can afford rent. Definitely not the case for normies in my neck of the woods lol
>>62332569This. I would rather kms than hire a rat hovel from some one making them rich instead of owning my own home.
>>62331557A bank gave me a $250,000 loan at interest rates below inflation to buy a house. They would not give me a $250,000 loan to buy an index fund.
>>62331557This is true, but still bad advice. Because if instead of buying a house OR investing in stocks, you should take all your money and invest it in street shell games. It's really easy to guess under what shell the ball is and it's basically free money. In fact you shouldn't just invest what you have, you should also take out a loan with 80% daily interest and play shell games all day and get filthy rich. Anybody who doesn't do it like that deserves to be poor. The more you know and the smarter you are, the richer you get.
>>62331557I recently bought a house that had a tenant who had been renting for it for 26 years. She was an elderly woman and a widow. It didn't stop me from kicking her the fuck out. Too bad, so sad lady. She had likely been paying rent well under market rate for a decade. I wish her the best of luck finding a new rental place in the current market conditions, kek
>>62332186I too have a brokerage account but I also own my house and am probably richer than you.>>62332395Every single time>>62332582This isn't really true at all and is a vast oversimplification. It also depends on where you live, if own a house or live in a city or blue state youre fucked either way
>>62331557how about a home + stocks?why would i rent, its money ill never get back
This whole interaction came off as a psyop to me. Caleb knows a bit about personal finance so he should know this. If you mortgage and buy a house, you have to pay the mortgage, taxes and home owner's insurance. If you rent, you are still going to pay all that to the landlord. And you going to be paying g a cut to the landlord on top of all that.The only good thing about renting is that it let's you walk away when the lease is up, and that the landlord has to pay for any work that needs done to the house. But most landlords these days will delay or dodge the issue as long as possible so its still a pain in the ass as the tenant.
>>62335681Most of the time the interest you are paying + maintenance costs of ownership surpass any appreciation rate of the property value by a substantial margin. Even those "boomers" who now own their houses outright that are worth 10x what they paid for them barely broke even during the loan payback period. When you look at the gains in their home value vs the stock market, it is not close, even in the hottest real estate markets. Stock market wins. Even without debt, real estate investing loses to index funds in my opinion. And owning rental real estate is not an investment, it is a job, and not a pleasant one.
>>62335741>Even without debtThe debt is the whole point. It's the cheapest leverage a prole has access to, particularly in the US with 30 year fixed rates.
>>62335754>The debt is the whole point. It's the cheapest leverage a prole has access to, particularly in the US with 30 year fixed rates.>6 to 7% rates on the 30 year nowmortgages WERE the cheapest leverage you could find. now they're not
>>62331557Why would you give up all hope of owning tangible assets? What goes up will eventually comes down, but the difference is you can still live in a house that is worth $100,000 less today than it was 5 years ago.
>>62335766I think inflation is going to average above 7% for the next decade, but that's just me.
>>62333760happens either way, so do you want to be stuck with whatever retard moves in next to you for a neighbor or do you want the option to quickly and easily move without losing value to the whims of new neighbors?
>>62335801yeah but do you want to pay less than 6% to a broker and get on average 8-10%, or more than 6% to a mortgage company for on average 3-5%? real estate already had its golden run for the next 25 years
>>62335200wtf is this israel?
>>62335663Mordechai here exposes the real advantage of ownership vs renting.
>>62332009Why do you rentoids always think houses are in constant need of repair? Also, you don't need to pay for mowing. Buy a lawnmower
>>62331557It depends on a lot of factors, primarily your mortgage % rate and more importantly the appreciation/depreciation on the property you purchase.
>>62335893The elderly widow is surely a multi-multi-giga-millionaire from investing into stocks while paying under market rate for 25 years though, right? Landlords are just sticking it to the rich by evicting their bourgeoisie asses.
Buying a house is fine actually, just don't do it with a mortgage.
>>62331557>In terms of growing your net worthYes. But buying is superior if you can pay it off quickly because if you buy and you lose your job, you don't get evicted from your own house.
What is this obsession with "owning" a home? Chuds actually think the only thing holding them back from having a wife/gf is not having a 25 year mortgage?
>>62334677>his hair isn't naturally curly it's permed.he's intentionally trying to look more jewish so people will take his financial advice
>the oven isn't working? yeah I'll take a look soon lol. rent is due monday btw
>>62331557If you’re brown.
>>62336259Not every boomer is rich.
>>62335267You’re completely ignoring the value of the land itself. I think that’s the crux (((no one))) is talking about. Owning your land will always be valuable.
>>62332412Based and homeowner pilled. I just want to feel like i can do as i please with something i spend most of my time and money on. I’m not going to keep it white washed and sell-ready like a bitch.Obviously there are city ordinances to adhere to, but most of them are reasonable anyway. If you’re smart you turn your yard into an easy to maintain native plant oasis instead of mowing too. I’m on my way with clover, creeping thyme, ginger, and violets.
>>62331557A house makes sense if it's less than 10% of your networth, ideally less than 5%.You still have somewhere to live even if everything else collapses.
>>62332564Then you aren't living in a western enlightenment era values community anymore as much as a hellish izzat based chimp community instead. Just is what it is
>>62331750how do you find a good slum to buy? what to look for and avoid?
>>62331557>Landlord urges young people to rent instead of buy.
>>62331557I'm disappointed in how far Dev has fallen. I used to believe the shit people say about him were exaggerated bullshit, but he has become more and more unhinged in recent years. What ever happened to objectivity?
>>62332174what to invest long term? sp500 or something more complicated? for someone extremely disciplined that is
>>62337362no niggers, white people+asians, no jeets, dark-skinned arabs or nigs.Asian-only slum would work well enough, clean it up and sell it to changs cousin.
>>62331557It's true, take that 50k down payment, invest it and it will be worth more than a house in 30 years. The passive gains completely offsets the losses for rent. Do homeowners even realize that they could sell their 500k home, put that money into stocks and get 50k a year passively? What does rent cost? 15-20k a year? They are just throwing money away, by sitting on their house. It's a luxury comfort not an investment, you buy after you've made it, not if your still trying to build wealth.
despite what grifters tell you, owning (as in paid off) a nice home is one of the best things you can do
>>62331557Home"owner" sisters, our response?
If the cost of your mortgage is equal to the cost of renting, you may as well take the mortgage. At least it’s going towards something you can sell and potentially recoup cost on. Renting goes towards nothing.
owning house with wife/gf > renting with reliable roomates > owning house alone > renting alone >>>>> renting with retards
Low IQ subclasses in this thread:>1. No object permanenceCannot comprehend abstract things like stocks having legitimate value>2. WELL MY 20 YEAR OLD MORTGAGE IS CHEAPER THAN RENTUnable to understand that due to current interest rates and prices, the monthly cost of a mortgage often far surpasses that of equivalent rent>3. MUH RENT IS THROWING MONEY AWAY equity brainDoes not understand that (conditions providing) paying less in rent instead of more for a mortgage allows one to invest the difference and come out aheadProclaims that their 25 year old mortgage is cheaper than current rent prices, they have a real asset, etc etc when angered and confused (see low IQ subspecies 1-2)>4. Compound interest applies only when I want it toMentions that rent goes up every year by a certain percent but neglects to mention that stock market returns appreciate a much larger percent yearly; also forgets that they are PAYING compound interest in a mortgageMay mutter something about "muh leverage" in confusion>5. Low IQ antisemite/edgelordThinks they're edgy/contrarian for wanting to be a homeowner in a country where homeownership is a status symbol (LOL)Thinks that they are personally sticking it to DA JOOZ with homeownership. Who do you think gives the loans, dumb ass? Buying a home for the lifestyle is completely reasonable and legitimate, but there are a bunch of retards running around here acting like it's the best financial decision ever. Does anyone else have stupid golem fatigue? This is why they call you goyim.
>>62335267>your house rotslet me know you are American without letting me know
>>62332606>greet your new neighbors with a blazing welcome-cross in their front yard.
>>62331557For some people, probably yes.
>>62331587>to move their daughter inAnd her blue gum boyfriend will be right on her heels.
>>62331562>he thinks he "owns" his house top kek
>>62332439I watched a few episodes that were free. Paying to watch episodes on YT is some of the most Jewish shit imaginable. Like isn’t your shitty fintech ad paying you enough? Kitboga was funny until it became the same shit on repeat.
>>62331557This is a mid-term midwit take, nothing long-term about this. Unless you spend less on rent than you would on an interest rate for a house/apartment loan.
>>62331557>he doesn't simultaneously own AND invest 10% in s&pmight as well kys now
>buy a 6 bedroom house>rent out 5 of them>mortgage and bills are covered >live for free and invest surplusSure it's a tradeoff since i have roommates now but they rarely bother me and when i do choose to move out i have a cash flowing asset
n
>>62331557While technically true it's just such generic advice I hate hearing it.It's such a "this armchair spreadsheet optimizer who's autistic about money said to do this so it's the only correct answer" take.Maybe I want some leverage and the bank won't give me a loan for an index fund but they will for a house.Maybe, god forbid, I use my money on something I want to do instead and get a house I can call my own?As practical advice, one of the nice things about getting a mortgage is it forces people to not spend extra money on stupid shit and put it towards something tangible and valuable. You know what most people who say this do?Instead of getting a house with a total monthly cost of 3k, they rent a similar place for 2.5k and SPEND the extra $500.They're not invest that extra money.Only people who are autistic about money and saving do that.
>>62342417If renthogs were all secretly millionaires from 401k investing, then poor landlords could 3x the rent without having tenants leave.
>>62342301I made the mistake of renting to family, so now i feel bad raising it on him
>>62331557Renting means paying someone's mortgage plus a profit margin. And the price you pay always goes up with the market. If you buy, you pay whatever it costs to own it without making a landlord richer and your purchase price and interest rate are locked in for the next 30 years. How could it possibly be cheaper to rent?
>>62331927Yeah it's messed up that renters develop a sentimental attachment to a piece of property that's not even theirs. When you own the house it's okay to feel that way because you own it.
>>62342417It only applies in a few select markets where renting is actually cheaper because the housing market went parabolic in the past few years. In most places it's still cheaper to buy.
What if you lived in one of those japanese net cafes and then put all your money in stocks
>>62331557I relocated to Thailand so I literally can't buy a house here. Sucks but then when I'm chilling in my infinity pool in my condo looking out over the Blade Runner esque metropolis I feel like I'm in the future
>>62331557The math can work out depending on where you're renting, but it misses something big. People want the stability of owning their own home, and not being beholden to a landlord. I don't want some stranger coming to inspect my home, not even every once in a while. I don't want him telling me if I can own pets or change my yard.
>>62331557This discussion is all cope for homes being too high because we made it impossible to build small homes despite literally being able to 3D print them in 2026. In reality, you could've just have bought some land, bought a cheap home and saved a truckload of money AND have something tangible for your payment AND be able to invest more money especially because rent would be cheaper, but the zoning laws said no so no just suffer I guess and make cope like "actually here's why permanently handing 30-50% of your paycheck to a corrupt landlord/bank over the course of decades for literally no reason is a good thing!" In fact in a higher IQ society you could have just made a side hustle on your front lawn to pay off your house AND still invested money into the market at the same time, but no instead you just pay for grass that does nothing for you.But nope it's over. They won and you just can't buy a house period if you're under 40...oh also no living in your car...oh also also no hobo tents.So yeah just shut up and pay your bank/landlord so your local boomer can retire regardless of what you pick. Nothing personal really. It's just that we can't all make it and you became society's designated greater fool the moment you were born ~20 years late.
>>62342709Even worse, the landlord might decide they want their house back and make you move.
>>62331557I'd rather be poorer and own my own plot than be some rentnigger paying to keep a roof over my head to some jew/brown forever, begging him to fix the toilet/leaky pipe/let me hang a new lamp/whatever.Also, a deed to a house is worth way more than digital monopoly dollars. These are the same people that will mock you for living at home a few extra years to save up for a down payment/invest, lmao.
>>62332740You can't be in america with all those luxuries
