>buy $400,000 home>interest is 6%>over 30 years, i will pay $1.172 million>$400k goes into something that increases in value 3-5% per year>the remaining $772k is "wasted">>$463k interest>>$144k property tax>>$45k home insurance>>$120k other costs (increased utilities, maintenance, etc)>that's $2139 wasted per monthtell me again why that's better than renting for $1100/month
>>62521723Lmao at retards.
>>62521723>buy $400,000 homeIn my area of New York, (Hudson Valley) even run-down rotting shacks are 400k. I spent $525k on my house.
>>62521723>taking 30 years to pay off a 400k loanngmi
>>62521723>tell me again why it's better to buy a Ferrari than rent a honda?
diversification of assetsleverage and net worthkinda simple desu. if you have to ask you're probably incapable of knowing
>>62521893
You could probably pay it off in 15 you wanted. You should do the Smith maneuver if u can in the states.
>>62521893the price of the house is actually somewhat irrelevant. at 6% interest, you will pay 116% of the home value in interest over a 30 year term
>interest is wastedwell it's a cost, kinda like rentexcept when you pay the principal you have ownershipwhen you pay rent you have nothing. so that's a big considerationalso rent goes up periodically. your fixed rate mortgage payments won't
>>62521933the difference is that the "cost" of mortgage is so much higher.>on a 30 year loan, the borrower will be paying $772k as a "cost" to invest $400k in something that grows 3-5% annually>over 30 years with a 3% annual increase, the renter will be paying $627k to invest $545k in something that grows 8-12% annuallyso>the renter is already $145k ahead>that isn't counting compounding gains>the cost ratio is 67% higher for the borrower than the renterif my math is right, then the borrower will have a $1.73 million home and the renter will have $3.6 million in investments
>>62521723There's just way too much instability in this world to get stuck with a mortgage.
>>62521983>but a Lamborghini costs 2000 times MORE than a civic!KekHow broke do you need to be where you can't eat red lobster and can't understand people who do?
>>62521983For most people it's not one or the otherWe're doing bothYou sad little poor person
>>62522008>thinks red lobster is fancyoh no no noalso the renter can just buy the same house outright in year 16 without the remaining 15 years of P&I payments ($400k)>>62522012it's not about "one or the other", redditor retard. it's about the best use of that $1.2 million.
>>62522015>it's about the best use of that $1.25This is what you sound like to a homeownerHow poor are you that a million plus or minus matters? People that buy houses aren't that poor
>>62522015Like I bet that's a lot of money to youYou'd probably kill your mom for a millionI on the other hand would do about 1 month of work for a million. It's not important. You waste more time on 4chan than it costs me to make a million dollars
now you're just fishing for (You)s
>>62522030I honestly find you both pathetic and fascinatingIt's rare in real life to find such a money grubbing whore in any line of workTrue desperation
>>62522030You remind me of my grandpa who demanded we run the coffee grounds twice
Wear the same socks for a week and you'll save $100k in laundry bills over the next 80 years!
>>62522030You're also fellating any normal person on the board that buys both houses and stocksBecause that's unimaginable riches, right?
I get it thoughIf you own nothing, which is better buying or rentingThe simple fact is almost all millionaires own their home. Almost none rentWhether this is cause or effect I'll leave for you to figure out. But it is fact
>>62522064The simple fact is that buying a house is a bad financial decision just like buying a Ferrari is a bad financial decisionBut it's also not a decision you can make
Like a thread about how dumb supermodels areNo shit, you can't get a house so of course you think it's a terrible decisionBuy a house and then go back to renting if you want anyone to listenOtherwise fuck right off with your cope
>>62521723>buy 400,000 USD home>interest is <insert % here>>over 30 years, I will pay 0 million>make extra money because I'm not retarded>>rent out home to someone who says "tell me again why that's better than renting for 2500/month>>my mortgage on house is only 1250>>live with friends / family and be helpful>>make sure tenants arent derp and filter appropriatelytell me again why renting is better? I guess those who think it is just don't have high enough IQ to see beyond the veil
Did this schizo spammer really spend an hour posting at himself?
>>62522105
>>62522105yes lol. i just filtered him once i realized he was fishing for (You)s
>>62522138>filtered by the jannyThat's a first for me
>>62522138If you're gonna filter me you have to filter 1/3 of the boardAnd you're the other third
>>62521723This is correct and renting is more advantageous right now from a strict financial perspective (generally, depends on the market)Condos are 700k where I live. My rent is $2300. Renting and investing the difference is just better. Now that I look more at current prices, this is just depressing. >>62522105Probably triggered some boomer whose entire net worth is locked up in an empty nest mcmansionPeople feel like einstein when they give normie advice to buy a house because "renting is throwing money away" and freak the fuck out when that just isn't true with current interest rates
>>62522151I'm not advising anyone to buy a houseNobody here has that option
>>62522151if interest rates were back to 3% it would be a lot closer. but it's like a 300k swing
>>62522163Because interest rates don't go down after you buy moron
Just pay in cold hard cash>but I dont have enough money for the down paymen....Ok brokie. Keep paying rent
>>62522199that's the point. you could rent for a few years and use the compounding gains from your investments to buy the house outright
>>62522217So let's see the house you bought genius
>>62522217You make a lot of assumptions one of which is index funds will continue to shit out 10% gains per year when even most institutions have agreed were getting at best 5-7% over the next decade. Ill stick with the stable asset that grows vs inflation.
>>62522228>You make a lot of assumptions one of which is index funds will continue to shit out 10% gains per yearit's been doing that for like 50 years. it's not guaranteed, but it's likely>even most institutions have agreed were getting at best 5-7% over the next decadeyou've given one institution.that same institution predicted 3% annualized returns in 2024. since then, the annual returns have been 23%, 16%, and 8%.
>>62521723Don't waste your time arguing with people on here. Real Estate is localized.
>>62522252We have lived in an incredible bull market period capitalized by a roaring economy serving up cheap Chinese goods in an era of globalization and now were seeing the rest of the world catch up to our antics. US prosperty over the next 50 years will not match the previous 50. Its easy to start that comparison when interest rates started at 18% and proceeded to fall to present time.Also remember rentoid, rent is due on the 1st make sure to pay on time.
>>62522264>it's been happening for 50 years (really since it's inception) but the next 10 years are definitely when it's going to crashlol ok
>>62522267Who said crash?
>>62521723>just rent a 400k home for 1100/mo bro
>>62522269Thats another point. A 400k home is going to rent for 2-3k in most marketsA 1k apartment in 2026 is surrounded by niggers There is no 1k house
>>62521723You're going to be paying $5,000+/month for your cuckpod after 30 years, you fags always seem to forget that the landKIKE who actually OWNS your pod raises rents every single year. you absolute fucking retard nigger
>>62522272>A 1k apartment in 2026 is surrounded by niggersIn texas it's spics.Which isn't great but honesty is way better than niggers.
>>62522269nobody said the $1100/mo apartment and $400k house are equivalent. nor do they have to be>>62522272no that isn't a point.
>>62522283Oh okRent is due on the first. Pay on time
>>62521723>400k house are renting for only 1100/monthWhy would someone lie on anonymous board ?
what zogslaves want you to do>buy a two bedroom house for 15-20x yearly salary and be a slave foreverwhat you should do>rent cheaply and or live with family for as long as possible and then buy the cheapest shitbox house with cash outright in ~10 years, and do it up yourself>but i need a nice house to fuck my wifes pussy in right now!!! i NEED debt!most people are just golem slaves simple as
>>62521723Yea mortgage rates are too high. But ha ha sorry that’s the market!
>>62522300>10th time somebody has posted this retarded "gotcha">>62522302basically this. except some markets are fucked and you cant even buy shitboxes
>>62521723>compare $3k mortgage payment to a $1k rentalSmartest /biz/ poster
>>62521893In my area of NY (Western NY) decent houses can be had for $250-300k. There's a 4 bed 3 bath house I'm looking at that's listed for $300k.tl;dr Escape the expensive hellhole cities
>>62522375>you can't compare two places to live because...because you can't okay!!!11
>>625223753k is the floor on a house. 1k is the floor on rents. what's so hard to understand? we're all incel chud freaks, we don't need more than 1 bedroom for posting on 4trans.
>>62522038I run the coffee grinds twice kek
>>62521723Bro, the stock market always go up with 5% anually. It just does okay. There will never be a market crash, correction or bear market. And even then if you just hold long enough, it will always go up. The dumbest thing you could do is buy a house outright in cash and use the rent money you get from people who rent (minus costs) to invest in the stockmarket again. I would rather rent and use what's left over off my wage to invest the same amount as the home owner.
>>62521723The general estimate for rental prices is that the value price of rent should be 1% of the homes value per month. If you are lucky you should be able to get something for 0.8%.The real issue with renting is that home prices go up every year which increases the amount you pay for rent. When you have a mortgage you lock in the rate you pay.If you can get a $400k house for $1100/month rent, and you invest all the money you save on rent in the market then sure, renting is better.Once you take into account cost of home maintenance neither renting or paying a mortgage is profitable. The best plan financially is to rent a small room and put your money in the market until you can afford to buy a cheap house outright. People will say everything in their area is too expensive but there are slums everywhere. Stop being a bitch and live in the ghetto like a real G.
>>62522365Maybe stop posting non sense and you wouldn't have 10 people saying the same stuff.
>>62521997That's the trick. Don't get stuck with the mortgage. Only borrow money if buying it outright actually ends up costing you more money.If that's confusing to you, just avoid borrowing money altogether and you will probably be better off. Borrowing usually never works in your favor, unless you are earning money on the money you borrowed.
>>62522015I'd probably ignore these larpers. They want you to think they're the 1%.Anyway, I bought my house on mortgage because I wanted this particular house and it might not be available in X years when I could afford it outright. I earn enough (dual income helps) that I paid off my 15yr mortgage in ~4 but, that said, I'd only go for a house if it's something you want and not something you feel like you should have.Also, I love my house. Not a lot of land but living here is great, I make improvements to it all the time and nothing beats working on something you own. I work in my garage, raise chickens, etc. The joy it brings me is worth more than potential earnings from renting somewhere I don't care about at all.unpopular /biz/ strat but fulfillment > money every day of the week.
>>62522090you're a retard who can't tell the difference between renting a home out, renting a home, and living in a home.leeching off friends / family for free is viable but irrelevant to the own vs rent argument jeet.
>>62522594it's not my fault none of you retards can read
>>62521983cool thing about that is you can sell the houseyou cant sell the rented space to anyone because your money didnt actually do anything other than prevent you from being evictedalso as im sure otehrs have pointed out already, if you DONT TAKE 30 YEARS TO PAY IT OFF the mortgage payments eventually cease and everything afterward is pure profit minus typical housng costs no one can escape from
>>62522659a house is just a forced savings account for the mentally retarded.
>>62522666plus privacyit's great to go indoors away from the freaks outdoors
>>62522571here I added the hypothetical scenario where you could buy the house outright for 400k. market returns make it so keeping your money in equities is superior to having it tied up in your primary residency. paying in cash still has some advantages. If you are able to get the 400k house sold on the market for 300k cash from a cash auction you would end up in the same position financially after 15 years.
>>62522659you can sell the $3.6 million in stocks you invested in, buy the house (now worth $1.6 million), and have an extra $2 million the homeowner doesn't haveyou could also buy the house in year 15, own the house outright, and save hundreds of thousands of dollars you could invest
>>62522704that's assuming the market continues to go up AND you still have a job but then only the last part applies to everything doesnt it
>>62522605Meh, if you move to a city for a job and you buy a home only to get fired, you're still stuck more so than if you would have rented. Too much instability unfortunately.
>>62522571This is terrible advice.As someone who lived in a literal ghetto for 10 years, I highly do not recommend it. I did not even sell the house I bought there for more money. I lost money on it. I tried renting it for a bit but the only people interested were the worst niggers you could possibly imaigne.just don't fucking do it. live in a trailer park instead. meth heads are 100% more predictable than niggers.
>>62522399>>62522449>sure, I can be a dishonest fucking cunt comparing 1 apple to 3 oranges
>>62521723Hedge to inflation
>>62522730Sure, you can invent new scenarios all you want.Personally, I'd never move for a job unless I actually wanted to live in that place to begin with, and a good place to live always has other opportunities to earn money. If I lost my job today I could work at some shit job like costco or burgerking until I got a new job. Not the end of the world. You can always change professions too - plumbers do pretty well where I live so if I really had to, I'd just go into a trade. Rich people hate getting their hands dirty and will pay stupid amounts of money to avoid doing it. The closer you live to rich people the easiest it is to make money.
>>62521723Oh look it's another one of those retard threads.- Outstanding debt on the loan is reduced with each payment. - Overpayments reduce the outstanding balance quicker- Eventually the loan is repaid, meaning no monthly debt obligation. Homeowner now has equity that can be used for another home.- Rent increases alongside overall mortgage costs for the property owner.- Renters pay property owners mortgage.- Rent never goes down, rent has to be paid forever, there is no reduction in monthly cost, inline with inflation rent will continue going up and you will still own nothing and be liable to pay the debt each month.- Homeowners can take mortgage repayment holidays, can get better rate credit cards with more balance. Better loan options, can remortgage for secured debt.- Renters own nothing.- Renters can't decide on major changes to the home, liable for any damages caused by them.
>>62522739you're an incel chud freak, you don't need 3 apples.
>>62522729The market will continue to go up. Most countries debt to gdp is impossible for them not to refinance it and print more money since it's the easiest way out.Kevin warsh knows this, that's why he enlisted Thomas Sargent onto a team to alter how the fed fight inflation. Thomas Sargent once wrote a fed paper in 1981 admitting that high interest rates cause more inflation in the long term compared to a lower rate. Especially when debt to gdp is high.
>>62522765>call out dishonest fuck for being dishonest>it replies with generic insultsSAAAAR
>rent vs mortgage for same monthly payment>rent goes up every year, mortgage stays flat>for mortgage it's the opposite, inflation eats away your mortgage, every year the monthly payment is worth less and less>at the end of mortgage, you own a real estate worth fucktons after 30 years of inflation>after 30 years of renting you spent a fucking fortune on rent and own absolutely fucking nothing in return
>>62523302>hates being gay with his own dadSAAAAARRRR YOU CANNOT TO BE THE FUCKING OF FATHER
>>62523317Nobody is arguing about what's better when rent and mortgage costs are the same. Since this has to be spelled out for you:With current housing purchase prices and interest rates, the monthly payment is significantly higher than simply paying rent. This is why people are talking about "investing the difference". In my market, it is NEVER advantageous to buy instead of rent and invest the difference. YES this includes MUH EQUITY
>>62521983ok but what if the mortgage is lower than renting because of an upside-down supply matrix like in my area full of delusional landlords who think demand for cyclical renters is always going to be growing even while property prices are stagnating
>>62523384>landlord arbitrarily bumps your rent by $300-700 every 3-5 yearsobligatory not an argument reply
>>62522741>hedge to inflationhomeowners will literally be committing suicide if interest rates are ever negative>US treasury is already insolvent and it's not even 2028 yet
>>62523418>
>>62521723Just pick up a shift here and there and put it down in the principal
>>62523450>just get a second job to pay for the same properties people were purchasing with one person making minimum wage X number of years agoI think the bigger problem here is that there's a wedge in matrimony. two people now need two houses instead of getting married and needing one house.
>>62523450>he's an hourly wage laborer
>>62522729>the market will do something it hasn't done in the last 100 years because....well just because!!!>>62522739grow up>>62522763read the thread retard. you are wrong>>62523317>same monthly paymentthere's your error
>>62523384Except your chart is a lie by omission, the median rent is a 1bed/1bath, the median mortgage is a 3bed/2bath. Renting vs mortgaging the same unit/building will always advantage the mortgage, assuming the landlord is mortgaging it (hint: they are).Your argument is instead about whether it is worth it to pay extra to live in a nicer home, and the only real way you can argue that it isn't worth it to have a nicer primary residence is if you are at the absolute bottom of the wagie totem pole and the only time you spend there is the 8 (or less) hours a day sleeping, and/or if you have to move every 6 months to a year because of your, ahem, "lively", neighbors. The moment you have any meaningful disposable income and live someone that isn't a shithole, the best "return on investment" happiness-wise is almost certainly going to be your residence.This wouldn't even be an argument if there were more 1/2bed units for sale like condos or small townhouses, but with those, their very nature requires that they have asinine HOA fees which are basically renting and mortgaging at the same time.
>>62523485your argument is retarded and has been refuted a dozen times in this thread. you even go one step further in how retarded you are, without realizing it, of course, because you're retarded, in not realizing your argument is the same one used by the retards who end up "house poor" because they bought a mcmansion
>>62523535>your argument is retarded because I say it is>its been debunked in this thread, and despite that, I can't point to a single example of itThe mind of the willing rentoid needs to be studied by science
The market are locally dependent.
OP doesn't rent, own, or invest
>>62523476>>same monthly payment>there's your errorWhere I live there's basically 0 difference between mortgage payments and renting.>>62523384>In my market, it is NEVER advantageous to buy instead of rentIn my market it's never advantageous to rent instead of buying
>>62521723because rent goes up every year; your mortgage stays the same unless you chose variable APR.renting does not build equity.
>>62522618you're a retard who can't tell the difference that this is an anime board or business board or a bunch of retards baiting each other out. If every action you make has a return, then youll be in the positive, otherwise youre just a tendie-consumer in a basement. You dont see beyond the veil and that IQ you have shows it
>>62523781Property taxes can go up though, it’s not that simple unfortunately. Along with mx costs>>62521723But for me, it’s better mentally/emotionally to be more in control of my living space. And i appreciate my back yard. I wouldn’t live in just any house, but the one i have is well worth whatever opportunity cost you weirdos are on about
>>62521723Just remortgage to stay liquid
>>62523955most municipalities in my area have ordinances against this.
>>62523950and rent goes up higher in accordance with property taxes and maintenance cost. literally it must be built into the equation so the landlord remains solvent.
>>62523990Okay? You implied the cost of renting goes up but the cost of owning doesn’t. I just shared the complete picture, i wasn’t saying rent doesn’t go up
>>62523995yes and the opportunity costs of investing in the market and assuming 10% gains per year (as multiple people have done so in this thread) is a huge cope. there's no downside protection in the case of a correction. you know its due, the question is when. in that case, housing values will probably fall as well so the real winner is cash. overall, the best investment profile is a well diversified portfolio that includes cash, bonds, stocks and real estate. still, I would take the downside protection a physical asset like real estate offers instead of just apeing into equities. either way, rent is due on the first rentoid. pay early for a $5 subway coupon.
>>62521723It's not in a money sense. In a "you have a nice house" sense it's nice.
>>62524010I own my house, retard, learn to read.Mortgage is due on the first as well, make valid points and you won’t be corrected.I always prioritized a home but it’s not for everyone, and it’s stupid to set people up by glossing over the risks. It’s not just vehicle for net worth on paper, it’s a person’s life.Pic relThat ugly mulchy patch? 15k plumbing repair since my 70s build is before the regulations for out-traps were implemented. That sucked.It’s not as simple as renting, there are variable expenses, but you’re in control. (Unless you stop paying the mortgage lol)It’s worthwhile for me 100%, despite the risks. Someone’s life can get fucked up by the wrong house though. It’s a commitment.
>>62521723The real reason the $1100 a month apartment is a good deal, is you are probably single and don't have kids. You need one bedroom, bathroom and a small kitchen. There is nothing wrong with this and it's pragmatic.If you buying a house you will realistically be paying for more extra space you don't need. If you have a wife and kids then you will want more space. Buy a house then. Renting a house and it will be a whole hell of a lot more expensive. There is no way to escape the costs of owning property. The landlord will pass it on to you. In an apartment complex you have the advantage of splitting those costs across more people, to lower your costs.Houses are not good investments for passively making money. Buy one to live in. Buy an index fund to get investment income.
>>62521723>>the remaining $772k is "wasted"Antisemitic. It goes to Israel.
>>62523409Hey stupid, do you not see that rent increases are factored into the rent vs buy calculator? That's why the cost of rent is exponential and not a flat line.
>>62523485Don't get me wrong, I want to own a house. I'm just agreeing with OP that with current market conditions, you come out ahead renting depending on your area. 2bed/2ba condos are 700k where I am and have a $500/mo HOA feeA 2bed/2ba apartment in my complex is about $2600/moSo, the numbers I put into the calculator are valid. This is just for my particular area and is not applicable to all areas. All my point is is that you come out ahead renting depending on the area.>The moment you have any meaningful disposable income and live someone that isn't a shithole, the best "return on investment" happiness-wise is almost certainly going to be your residence.Yes, I agree. I'm not against homeownership.
>>62521723bc normally when you sell a house you make money and get 30 years of "rent" back in your pocket. so when ur an old fuck u can rent if you want and live off SS and retirement with a million bucks to spend until you die
>>62525069see >>62522015even if you sell the house, you are still $2 million behind the renter
>>62525086 imagine how much rent will be in 10-20 years
>>62525096the image shows that too ($2592/mo)that's still less than the mortgage ($3256/mo)rent wont be the same price until year 37. and the gains from before that will far outweigh it
>>62525104or buy a house under 200k still beats having a fucking landlord and all the shit that comes along with being a rentoid
>>62525104also if youre renting for 1100 a month the rent is usually valued a appx 1% of the property value so ur living in a shithole
>6%why is it so high? why are you going 30 years and not lower?
>>62521723>boomers die>heirs sell>prices dump>the house wears down and needs expensive repairsit's not, the current housing market is the equivalent of used cars being worth more as they age, can be true if it's a rare classic much like how it could be true for an apartment in Manhattan, but that's not most cars
>>62522090this retard has no idea about capital gains
>>62525281average is 6.5% due to the inflation caused by the trump virus
>>62525322What about adjustable? I guess that'll be pretty high as well as borrowing to uncle sam gives 5%+
>>62525069>>62525096>>62525124>>62525127Quintessential equity brain moron who doesn't understand anything yet speaks like they're an expert
>>62521723It is if you don't buy when prices have never been more overvalued above median incomes and rates aren't absurdly high also like a fucking retard, with prices beginning to crash.
>>62521723>>interest is 6%JFC. is it really that high in the land of the free and home of the brave? I thought Trump was going to drain the swamp and help the american people?
>>62526640it's 6.5% actually
>>62521933>when you pay rent you have nothing. so that's a big considerationthe problem is when I pay rent I have like $600 left over to invest into something else and if I wana move I can move in like 3 days
>>62521723you should be comparing it to renting at more like 2500/month, but that's not the only mathematical flaw in your analysis. at least do a proper npv comparison with reasonable expected discount rates and inflation
>>62525285peak boomer starts in 2034. we should see an exponential decline in the real estate market starting around 2030 with price decreases slowing down around 2038 and leveling out in 2040.
>>62528147>you should be comparing it to renting at more like 2500/month,why?
>>62529305Because that's what it rents for, nigger. Maybe more like 2200 in my town at least. That's what the cheapest shittiest smallest yard next to the interstate SFH in my town rents for, and the zestimate for it is 413k currently.
>>62525322option 1: inflation just gets worse and rates go up, but you're locked in at the lowest APR you could conceivably get so you winoption 2: inflation eases and rates drop, you refinance and have more cash on hand or put it towards the principle every month and pay it off early and you still win
>>62521723It's generally not better. A mortgage is only better if you get a good deal on a property that is well within your affordability, otherwise it's a trap. If you can't get such a property then renting is better. Rich people don't get 30 year mortgages at 6% taking up a significant chunk of their income.>>62521933That is not true, there is an opportunity cost to buying a home specifically the downpayment and all the various fees involved. If you're good with investing or an entrepreneur then this opportunity cost is massive. If you're stupid and/or female that money would have just been inflated away in a bank account. I've grown to see mortgages as generally being a trap for midwits in managerial careers, and an increasingly female trap.
>>62526953>you will own nothing and be happyYeah dude bro, renting a house, using your wage to pay it and then investing the leftover $600 is much better then owning rental properties, collecting rent money and using that profit to invest more than $600 in the stock market per month.
>>62521723I paid off a 7% $250k mortgage in 2 years while making $23/hGet better
>>62521723Total that is about 79 years of renting at current rent. Assuming rent go up. Let’s say 50 years of rent. That’s your working life.
>>62530053i paid off a 260k mortgage in 7 years. I've owned it for 9 total and it is now valued at ~550k. I could let it to a rentoid for ~36k per year. when I got the mortgage it was cheaper than renting, so it made sense and has worked out very well for me.
>>62530049Absolutely. Even if the market crashed tomorrow. In 20 years of investing you would be in a better place.
>>62530079House prices don’t make that work now. Rent and invest is the way. Remember all the bank is doing is taking your huge interest. Investing. And making even more money out of you.
>>62530080Absolutely not. Even if the real estate market crashed tomorrow. In 20 years of renting out your properties you would be in a better place.>listen to the experts like dr. Faucci goy. Don't own nothing okay!!1 It's bad for the climate.
>>62529431you're retardedan $1100/month apartment and a house that sells for $400k/rents for $2.5k all serve the same purpose in the market: providing a place to liveit is perfectly reasonable to compare the apartment with the house>>62529859your option 1 is better phrased as "you are getting raped but the people after you are getting raped more so that's a win o algo">>62530079if your post is even true (it's probably not), your house grew in value 8.7%. that is more than twice the normal rate and not at all the normit's also ignoring the extra costs you paid for things like insurance, maintenance, and utilities
>>62530219lmao pleasean $1100 a month apartment is going to be some 700 sq ft shack, with noisy neighbors to your left, right, above and below and dogs that shit on your front step. some little cuckbox to pick up your mail, no packages actually arrive at your door stepgetting hounded for rent constantly>pay early for a $5 subway couponthe 400k house, especially in a HOA, has such a superior quality of living. just maintain your yard. that's the most basic reasonable request.
>>62530568i pay $1100/month for a 2 bedroom. my nextdoor and upstairs neighbors are both in their 60s/70s. no dogs. packages arrive fine. rent checks are on autopay.sounds like you're just retarded
>>62521723What I don't understand is why people who live in homes that are paid off and they are not retired. It makes no financial sense when you are still trying to make it. Sell, invest that 600k, get 40-65k every year from that investment, which easily covers rent plus quite a bit extra. You simply get richer faster. Not having mortgage payments or rent is nice, but you are missing out on ever bigger gains.
>>62531998>live in a box until you retire for an extra $25k a year at mostNo
>>62521913>ever paying off a mortgagengmi
Nobody ever pays off the loan for 30 years. You're attacking an idea that isn't real. People move out of the house in 7 years and they use the proceeds for their next house down payment. And this is not a bad deal at all.
>>62531998What I don't understand is why people don't buy a house and immediately rent it out and have some other fag fund their retirement while they rent a cheap apartment.
>>62521723dont forget hoa and maintenance fees...
>>62523476Kek being called a retard by a literal retard.
>>62523476>>same monthly payment>there's your errorRent is higher in my market and many others for the same property.
>>625217231. Your rent will increase with time, you certainly won't pay $1100/mo in 5, let alone 30 years. With inflation going on, it's 3-4%/year.$1713/mo (year 15) and $2670/mo (year 31)2. You're a disingenuous retard because your home is also appreciating by 3-5% a year so your home is now ~$1.29M while you paid ~$1.17M.3. At year 31, the mortgage is paid off and you only need to pay taxes, insurance and maintenance so the housing cost drops by ~70%. The rentcuck will still pay rent at a rate of 3-4% so $2670/mo at year 31.4. $1100/month rental is usually a 1-bedroom or 2-bedroom apartment. A $400K home is typically a 3-to-4-bedroom house with a yard and a garage, so you're not even comparing the same thing faggot..
>>62533492>you will be paying $3256/month with a mortgage but it isn't so bad because in year 30 you'll be paying $2670/month in rentkek>sure the renter will have $3.6 million in investments but the homebuyer will have a $1.29 million house so it's totally worth itit's not like the renter could just buy the house in cash free and clear while saving all the interest AND being able to invest more>3. At year 31, the mortgage is paid off and you only need to pay taxes, insurance and maintenance so the housing cost drops by ~70%. The rentcuck will still pay rent at a rate of 3-4% so $2670/mo at year 31.renter will pay $628k rent in 30 years. he won't hit $1.172 million until year 43. and that isn't counting the increasing property tax the home owner will be paying>>62533492400k house is a 2 bedroom. so is the $1100/month apartment. and no, you don't have to compare "the same thing", retardcongratulations on winning biggest retard of the thread award
>>62534070>400k house is 2 bedroomso completely wrong, what a retard (and an eternal renter). don't forget rent is due this week goy
>>62530219I think the flaw here is you're equating owning your own home to getting raped. I don't know what to tell someone with that mindset. Grow up maybe? I get that trying to find one for the firs time is a hassle, it took me 6 months and dozens of declined offers to find my first house. It was worth it. I was just throwing away money on rent until then and that would have at least doubled in the time I lived there. Instead of handing my increased income to a landlord every month I put that toward the principle and managed to pay that place off in 13 years. Then I started saving for a down payment on the next place. Now that I moved on the rent from that first house is covering all the interest, tax, and insurance from my new one, letting me focus on just the principle so I can pay the loan off early again. If I didn't want to deal with renting it out I could sell that place and it pay off most of this one, then I'd be clear of all debt in less time than it took me the first go around. Go on and explain to me how that's a bad thing and I should still be renting.
