I never ever plan to buy one of these overpriced things. I plan to rent my whole life. When someone tells me they plan on buying a house, I just roll my eyes. It seems like especially Indian and Pakistani immigrants, seem obsessed with buying property and that's the only thing they buy with their money.Me on the other hand, I have no interest, never have never will.
>>428421325 they don't want to live with their parents
>>428421565I have not lived with my parents since I graduated highschool as a teenager, and yet I also never managed the house. How are the two correlated again? You do realize that the vast majority of people who moved out of their parents house never bought a home right?
>>428421712Why paying rent when you can pay mortgage
>>4284219391) You can't pay a mortgage, you have to be extremely rich and high income to get the bank to AGREE to give you a mortgage2) Mortgage payments are higher than Rent payments.
>>428422076Ok
>>428422076Banks give out mortgages like candy. It's basically near zero risk for them since they will just foreclose and take it back if you stop paying.Almost anyone can get approved for a mortgage for 50% or more of their take home pay (which is a horrible financial idea, but you can get approved nonetheless)
>>428422217No, it's not ok, because we're fucking up the economy because illiterate retards want to buy a house.
>>428422469Then why is it impossible to get a mortgage without being EXTREMELY rich and having wealthy parents to co-sign.You need 240k income to be approved for a mortgage, that's in the top percentiles. You also need 250k for a down payment. How many young couples can afford that?
>>428422477It's a free country
>>428422641Yes, so I have the FREEDOM to educate people
It means the monthly payments you make for rent are going into you eventually owning the place instead of paying the mortgage of the guy you're renting from.
>>428422932You do realize those monthly payments for a mortgage are HIGHER than rent payemnts right?Because I rent, I have more take home money to buy stocks like META and APPLE and GOLDMAN SACHS, so I am eventually going to own huge hunks of these great companies.
>>428421325>No goyim don't attempt to own your own things>Rent good goyim yes pay rent goyim
that's why you're the one with the nigger blood op
>>428423024>You do realize those monthly payments for a mortgage are HIGHER than rent payemnts right?Yes, and so is the upkeep.Still it's the difference between owning and renting something. >to buy stocks like META and APPLE and GOLDMAN SACHS, so I am eventually going to own huge hunks of these great companies.Sure, and you'll be paying rent to into old age.
>>428423024>You do realize those monthly payments for a mortgage are HIGHER than rent payemnts right?Not in my country
>>428422076You're obviously trolling but I'll bite Mortgages are fixed for 20-30 years unless you're dumb enough to get a variable rate loan. Rent will go up every single year over that span. A mortgage might cost $2200 right now while rent is $1400, but 15 years from now the mortgage will still be $2200 when rent is $2500. On top of that it's an investment. Real estate is one of the best investments you can make.
>>428422635Hahahahahaha no you don’t you are retarded. I bought a house when I was making 35k a year. Ur a nigger
All houses are rentals if you don't pay the government money each year, you will lose the house.
>>428422635Literally false, I make 70k a year and was approved for a 300k house in the country side with a down payment of 50k
>>428421325I want a house in the countryside so I can get as far away from people as possible while living in relative comfortFor all the other retards its a social status thing or for their families
>>428422076>2) Mortgage payments are higher than Rent payments.In what country?You do realise purchasing a house leaves you with a valuable asset while renting is just giving your money to your landlord, right? Buying a house also allows for intergenerational wealth to accrue, but you clearly don't plan on having kids
>>428423175>Sure, and you'll be paying rent to into old age.And you won't be collecting massive dividend checks from Apple and META like I will. Why the hell would I worry about rent when I'm being bankrolled by the largest companies on the planet?>>428423142>yes... yes....!!! Buy overpriced cardboard boxes instead of buying up our great banks and tech companies!>>428423444>A mortgage might cost $2200 right now while rent is $1400, but 15 years from now the mortgage will still be $2200 when rent is $2500. On top of that it's an investment. Real estate is one of the best investments you can make.Ok you're a confirmed troll.If you put your money into the dividend stocks like Cocacola rather than paying off a mortgage, your DIVIDENDS will increase every year.... you'll finally finish paying off the mortgage while i've saved up $1,000,000 in Coca cola stock and am being bankrolled in dividends.But once again, you're a troll, so I'm discarding this.
>>428422849Yes
>>428421939>jew trying to peddle loansclassic
>>428422076Ah, this is why you will never buy a house. Not because you disdain to, but because you can't afford to. t. 2 house owner.
>>428423720>Buying a house also allows for intergenerational wealth to accrueNo it doesn't moron, what allows intergenerational wealth to accrue is building wealth by buying ASSETS like COCA-COLA and APPLE.you do realize that buy wasting all your money on mortgage payments, you're foregoing the chance to buy Apple stock right? Please don't have kids.>>428423656You can easily rent a place.>>428423594Search up GTA mortgage approval rates.
>>428423461LOL you're retarded, look up GTA housing approval.
>>428421325so you're a nigger who is content to buy a home over and over again from a landlord with nothing in exchange? if this isn't ironic, you have an IQ of like 3 or are a communist who wants no one to own anything
>>428423142Ah yes, kowtow
>>428423905If I was so rich that I could afford a house, I still wouldn't buy it, I'd buy even more stock in Berkshire Hathaway and Apple
>>428423907Ok nigger, dont bother us when you have to feed your kids Apple stocks
>>428423499I pay 2400$ per year in municipality taxes, which is fucking nothing and they pick up my garbage/keep the road drivable and snowplowed/plus services.That was ~2 months of rent when I lived in montreal.I can't believe some fucker here are literally defending being a rentcuck over ownership of property. Fucking slavebrain.
>>428423962Oh so you're a retard who gives all his money to the bank for a "mortgage" rather than actually buy stock in the most PROFITABLE COMPANIES IN THE WORLD.You're a dummy who doesn't want to own any businesses or assets, you just want to hand your money to the bank like a retard.
>>428421325Paying rent pays another person's mortgage, so you're actually paying both.
>>428423816>>jew trying to peddle loans>classicWhy did you finance two world wars against Germany?
>>428424020Ok retard, don't bother us when you have to feed your kids bricks from the house >>428424052You're a fucking slave, a peasant, a peon. You don't want to own property or assets or businesses. You don't want to own stock in Apple or Microsoft, you don't want to own Berkshire Hathaway. You just want to be an ownershipless peasant and you always will.
>>428424109Mortgage payments are higher than rent payments.
>>428423907>GTA mortgage approval rates.Motherfucker are you seriously retarded enough to try and buy a house in the overpriced shithole that is Toronto?
>>428424202That's why your landlord needs you to pay rent. So you can pay his mortgage.
>>428423444Trips of truth. >>428423796The goal is to have a home and stocks. It's tough to budget but manageable. Just wait for the everything bubble to pop. Cheap cars, stocks and homes are only a depression away
>>428421325>imagine throwing your money down the toilet renting from a jew when buying is cheaper.
>>428424220No, that's specifically why I made this thread, people who buy real estate are fucking RETARDS>>428424311And what does the landlord do with his money??? He buys Apple products, he buys cars, he goes on vacations..... I OWN THE COMPANIES THAT PRODUCE ALL THAT
>>428424053>Oh so you're a retard who gives all his money to the bank for a "mortgage" rather than actually buy stock in the most PROFITABLE COMPANIES IN THE WORLD.>You're a dummy who doesn't want to own any businesses or assets, you just want to hand your money to the bank like a retard.My mortgage is paid off and I own my home, and it's increasing in value every year, you're sitting in some urban crap hole eating ramen noodles, beyond that, I live under my own rules and do what the fuck I want in my home, you're a child that still has to bow down to another adult as your master, your landlord I think I won here
>>428424202No they aren’t.
>>428423999 Fair enough buying blue chip stocks. Books have been written about real estate vs stocks, the thing i like about houses is the hundreds of benefits apart from the $$ signs. Eg walking around home improvement stores like a chad with timber and tools overflowing my cart.
>>428424053Calls someone else retard/dummy and claims owning a home isn't an asset. Ironic. And has zero self-awareness that investing in the stock market is no different than going to a casino. They're both gambling and it's even worse with stocks because you can buy on margin. Not to mention the manipulation by the the SEC and businesses you're investing in. Thanks for the laugh.
>>428424348>The goal is to have a home and stocks. It's tough to budget but manageable. Just wait for the everything bubble to pop. Cheap cars, stocks and homes are only a depression awayIT's a tradeooff. Every dollar you have in your home is one less dollar in stocks.>>428424395>imagine throwing your money down the toilet taking out a mortgage when instead you could buy the most profitable companies in the world, APPLE, GOOGLE, META, GOLDMAN SACHS
>>428424421He puts down payments on more properties and fishes for more rentcucks to pay those mortgages.
>>428423796Because AAPL and META are known for their dividends. If youre investing for dividends look into the dividend aristocrats.
>>428421325Until you have your own house you'll never be your own man. Stacking land will take you from no one to someone after other people live in your properties and you're living your best life. Imagine not having to work simply because instead of spending your money on eating out and Funko pops you could have stacked and let other people work to pay you. Then when you're done, cash out refis and reverse mortgages to cruise out the rest of your days since our society doesn't care for their elderly anymore they pay people to do it.Myself I plan to live in another country with a better exchange rate to go even further.
>>428424444>My mortgage is paid off and I own my home, and it's increasing in value every year, you're sitting in some urban crap hole eating ramen noodles, beyond that, I live under my own rules and do what the fuck I want in my home, you're a child that still has to bow down to another adult as your master, your landlord I think I won hereYou're a child living a horrible life in your shithole you call a home... the very computer you are using to type this dribble came from a company I OWN. I own Microsoft, and Google, and Amazon, and NVIDIA. You're a slave, a little peasant, every product you buy comes from a company I own. You and my landlord are both my bitches, even the banks you store money in I hold ownership in.Enjoy a shit life in some rural swamp.
>>428421325>Me on the other hand, I have no interest, never have never will.DURR I DON'T BUY REAL PROPERTY I BUY LOTTERY TICKETS INSTEAD. HURR.
>>428424572Yeah their dividends are ass. REITs, tobacco, and energy are where the real dividends are.
>>428422076>You can't pay a mortgage, you have to be extremely rich and high incomeok retard from "Fascism"I guess you're waiting for the next Hitler to come back and appropriate houses from the Jews to give you one for free. LMAO
>>428421325Retard alert
>>428423907>you're foregoing the chance to buy Apple stock right?you have a time machine and can go back to when apple stock was 16 bucks? dumb fuck.
>>428424675yeah nice larp zoomer faggot about your 3 shares of stock, imagine being such a beta male you don't want to own your own property and live under your own rules, may as well transition, because you have a metaphorical vagina already
>>428424528And I'm looking for more companies to own so I can take even more money from landlords. LandlordCucks pay taxes on their rent revenue, it goes to the government so they can fund more Ukraine wars that channel money into my pockets via Lockheed Martin and Boeing.>>428424572Sure buddy, they totally aren't based on the fact that they will pay a higher dividend in the future.>>428424594People who own their own houses aren't men, they're babies who don't understand economics.>Imagine not having to work simply because instead of spending your money on eating out and Funko pops you could have stacked and let other people work to pay you.That's my life, because I wasn't dumb enough to buy properties, I invested my money into APPLE and META, I became very wealthy and don't have to work. Meanwhile my landlord missed out on these opportunities paying down mortgages like a slave.
>>428424865Imagine being such a loser you don't want ownership in the most profitable and powerful corporate entities on earth. You're a vagina of a man. You are a slave, everything you buy is price-gauged to make the shareholder (me) PROFIT
>>428424516And every dollar you throw in rent is also one less dollar in stocks?The money you put in the house is still there, it's in the form of an asset which you can sell.If over the course of 15 years I buy a house for 300k, in the end I have 300k house which I can sell for that or more minus the interest.If you rent for 15 years at let's say 12k a year you've just lost 180k.
>>428424675>the very computer you are using to type this dribble came from a company I OWNlmfao, unless you "own" enough shares to be able to influence the company via voting, you're just another peasant.
>>428424680HURRRRR, BERKSHIRE HATHAWAY STOCK IS TOTALLY A LOTTERY TICKET, DURRRRR BUFFET IS KNOWN FOR RISK
>>428424864And do you have a time machine to go back to when you could buy a house for $4,000? No? Then shut your mouth dummy.
>>428424920>into APPLE and META, I became very wealthylol, no, no you didn't. unless you bought apple stock in 1981 or 1996. fucking larping gimp.
>>428425031The ROI on stocks is higher than that of property, so no, at the end of the day, foregoing the mortgage and saving up in stocks will still make you richer.10% return on stocks > 3% return on real estate.
>>428424751Some mining companies too, RIO pays a nice lump every semester. Also shipping companies pay nice divvies but they can be kinda sketchy. A few financials pay good divvies too, PSEC comes too mind.With that said i do dream of owning my own home one day, maybe in a couple years ( im guesstimating 3 or 4) then i can liquidate enough too pay off say at least 40% down payment.
>>428425166He’s trolling you nigger
>>428425055you didn't buy enough shares of any of these high performing stocks when they were cheap enough to have sold them for realized gains. you're a lying idiot.
>>428425231>>428425230I just realized everyone in this thread is just trying to troll me.Nobody in this generation is stupid enough to buy real estate, even the retards from the hicklands.
>>428425175Wow. You're just a cretin.
>>428425175>The ROI on stocks is higher than that of propertydepends on when you bought the stocks and when you sold them, retard.in the meantime, everybody has to have a dwelling.
>>428425239You didn't buy a house far back enough in time to sell for a realized gain, you're a lying moron.
>>428425321Holy shit you're retarded.You can have a dwelling without buying a property.
>>428425335i haven't sold the house. i live in it. and therefore i'm not paying 2k in rent so i can buy tons of stocks for the 401k, roth ira and brokerage accounts that I maintain.seethe more, memeflag.
>>428421325Imagine what rent prices are going to be when you are ready to retire. Now imagine not having a rent or mortgage payment at all when you do retire.
>>428425405>You can have a dwelling without buying a property.of course, you can let someone ELSE buy the property and then pay even more per month for it.
>>428421325If buying a home didnt make economic sense, the jew wouldnt be telling you to let them do all the buying while you just do the renting.
>>428425516And I haven't sold the stocks, I simply hold them and watch them grow in value. The dividends from my REITs and Bank stocks are more than enough to pay for my rent. SEETH>>428425558Imagine how profitable my companies are going to be when im ready to retire. 40 years of perpetually growing dividends will make me incredibly rich. Imagine retiring after a lifetime of not buying the most profitable companies in the world.>>428425567It's far less. My rent is $1000 a month, when you include principle payments, the mortgage payments would be $2600.
>>428424421>people who buy real estate are fucking RETARDS>t. retarded poorfaglol as long as the real estate market is artificially inflated into bubbles, prices will go up, and it is smart to invest in something you can double or triple your money in less than a year.are you a bitcoin retard? are u mad your fake digital cumstain isn't giving you big returns? lol
It depends on cost. Sometimes renting is a better option. Others owning. For me, owning is obviously the correct the answer.
>>428425713Jews do nothing more than convince everyone to try and buy a home, it's literally in mortgage contracts.
>>428425725And this is why you're poor.Imagine buying a house instead of stock in Apple, stocks have geneerated TRILLIONS for investors.
>>428425321>depends on when you bought the stocks and when you sold them, retard.to be fair the same applies to when you bought your house, and what the market is like where you bought your house. For example in Canada, if you bought 10-15 years ago then great you will make a killing in this market, but if you bought in the past 5 years there's a good chance you will lose everything if our inflation doesn't get under control and if we don't get out of the recession we are in.
The ppint of owning your place isnt necesariy the ROI, its the freedom of doing what you want with it at least for me that is. You can fucking graffiti on the walls if you want.
>>428425558>He thinks people are going to be able to retire.My dude we are losing half our moneys value every 10 years now. Were all fucked beyond recovery.
>>428425930I have zero motive to do anything like that.
>>428424920>Wealth that depends on electricity and others to functionOh boy your sure don't sound bitter at all. What's wrong, your tax statements don't show enough profit to qualify? Bitch you probably don't even know you get a tax break for owning a home but go back to your corporation simping I can see that's making you a totally normal and well adjusted person. You want to find out if you're the man or not?>Ask your landlord for a discount on your rent because you're so based and wealthyI'm sure you'll know who the cuck is then
>>428425809My mortgage payment is lower than renting. I have less to invest if I rent.
>>428425558>Now imagine not having a rent or mortgage payment at all when you do retire.you will still have property taxes to pay, and if you are on a fixed income this could become a real problem, its reaching crisis levels in some parts of Canada because property values have shot up so much, and alot of seniors only have the federal/provincial pensions because they spent their entire lives paying off one large immovable asset.
One advantage of real estate is that you can put down a deposit and then let someone else buy the property for you.
>>428423024In the short term, yes, longterm no.>T. Bought a house in 2009 and my mortgage is now 30% lower than nearby rentals.
>>428425714>magine retiring after a lifetime of not buying the most profitable companies in the world.You can do both anon. I do.
>>428426040Again, you don't own Apple, don't even talk to me.>>428426966And in the long term if you use your down payment to buy STOCK in APPLE and then borrow money to buy APPLE you'll be better off.The wealth accumlation from doing that is far better than a cardboard boax.>>428427001Every dollar you have in your house is one less dollar in stocks, there is always a tradeoff.
>>428426286Well then Canadian seniors are apparently dumb as a brick. Max your 401k AND buy a house ffs.
>>428427116or our market is just hyper inflated because every level of government likes taking their share of taxes on property value? As far as dumb as a brick....its not that long ago that one in 54 mortgages in the US went down the shitter and millions flat out lost their home (2008)
>>428427115>Refuses to make an investment over the long term>Uses the money to gamble instead.Sound logic Anon, why not skip a step and learn Blackjack?
>>428427304The people that lost their homes were given loans they had no right getting in the first place. Sub 600 credit and were put on 5 year ARM's. In other words they were dumb as a brick as well.
A home is not an investment per se, it’s someplace you can live and raise your family without worrying about a landlord. As for Apple stock, there’s no proof it’s going to keep rising, and considering how much more shitty Apple has been since Jobs died, there is some evidence it will decrease in value.
>>428427589>In other words they were dumb as a brick as well.yes that was the point I was making. see here >>428427116>Well then Canadian seniors are apparently dumb as a brickits not just a Canadian...or a senior issue, there are retards everywhere. I will give credit where its due though at least you burgers let the shit crash, we didn't and man....are we ever in a fucking mess for it now.
>>428427579Buying a house isn't an investment, it's gambling. I would rather invest my money in the most profitable companies for the long term than gamble away everything on a house.
>>428427115The fact that you're unwilling to diversify your assets and portfolio betrays the fact that you're a 15 years old who watched one youtube video and thinks he's now the king of economics.Real estate is literally both free money and a place to stay, not to mention the ability to exploit rentoids like you.
>>428427809There's no proof houses will keep going up, and if you use a mortgage to buy a house, and it does down, you're now IN THE RED
>>428428089>The fact that you're unwilling to diversify your assets and portfolio betrays the fact that you're a 15 years old who watched one youtube video and thinks he's now the king of economics.You're mentally ill. Instead of diverisfying your assets, you take out a LOAN and go into DEBT over ONE HOUSE... you're literally mentally ill.I buy stocks in companies that exploit losers like you. I'm getting free money and joy knowing my companies are profiting off of idiots who don't share in my strategy.
>>428428163That’s what refinancing is for. There is no refinancing with stock.
>>428427115>>428425714>$1000 moMy mortgage with insurance is $972/mo. >Imagine not living in LCOL area and not building equity for the equivalent of thrown away rent money.
>>428427969So what are you basing that on Anon? Your own subjective opinion? One that strokes your ego and tells you to keep giving the megacorps your money?Yeah, you'll show those fools. Just gotta hit the ATM one more time. That hot streak has to come soon right? You'll be a big winner and show them!
>>428428314>Just stay in debt and negative equity forever bro!
>>428428163>There's no proof houses will keep going up,there is equally no proof stocks will keep going up. There is a reason why the disclaimer "Past performance is no guarantee of future results." when it comes to investing.
>>428421325You're an idiot then. Owning property is the ultimate freedom. Especially if it's not somewhere that has a hoa and it's outside town limits so you can shoot guns and do whatever you want on it. Then when you die you can give the property to your kids. Then they won't have to buy a house or pay rent. Imagine how much money you could save without paying rent.
>>428428431Every dollar you put towards the down payment is money thrown down the toilet.
>>428428163But there is proof anon. The entire history of this country housing values have risen. And if we get to the point that they devalue you will lose your money in the market as well. Buying a house on a mortgage allows you to leverage someone elses money for long term gain. Thats it.
>>428424202Barely. And you retain capital in mortgage payments. Really the fair comparison is interest on the loan vs rent.
https://m.youtube.com/watch?v=ldPTL8fyHBY&pp=ygUjTGl0dGxlIGJveGVzIGFsbCB0aGUgc2FtZSBhbmltYXRpb24%3D
>>428428268And you pay thousands of dollars to another guy to let you live at his place. When you think about it you're literally just a cuck lol.
>>428428436Keep giving homeowners your money! Keep buying properties, one day you'll be successful, one day now!>>428428452Stocks are undervalued relative to housing given the cash flow both generate.
Renting is for cucks, and servile peopleMen own their shit
>>428428606I doubt he knows what interests is anon. The guy's defending the collar around his neck because his master let him pick it's colour.
>>428428650Even deeper than that, if you are renting you are paying someone elses mortgage payment until that property is paid off and the landlord now collects every dime of your money.
>>428428471You're a fucking moron.Owning STOCK is the utlimate freedom, you become an OWNER in the most profitable companies on earth. When you die, you can hand the stocks to your kids. Imagine how rich you could be if your family bought stocks and saved up instead of goofing around.>>428428542I would rather just buy stocks, the entire history of this country, stocks have risen.
>>428428850I'm happy with my life because i know I'm the master, and I view property owners like you as my little bitchbirds.>>428428650And he uses that money to buy from companies that I own and charge massive premium, I literally own stock in insurance companies that he's forced to pay into as a home owner lol.
>>428428780Real men don't buy real estate, only losers and slaves by real estate. Real men own the most profitable companies on earth. I fucking own Exxon, not a cardboard box.
>>428428497My house has appreciated $125k since I purchased it. You and I pay the same amount per month for shelter, but every dollar I've put in I can recover plus a bump of $125k. How am I flushing money and you're not?
>>428429148My stocks have appreciated 125k since I bought them... you and I pay the same amount per shelter, but now I own 125k more of the most profitable companies on earth, Google, Apple, META, etc.
>>428421325Jews rotted their brains with the idea that multigenerational homes are something to be embarassed about, on top of all the family-wrecking jew poison that makes people hate their families and want to get away from them to begin with.My family has two paid off houses - one only built recently (for $65k) and on the same plot of land because my sister has 3 boys now and needed more room. We take home the vast majority of our paychecks and pool all of it together. I started working at 16, saving every penny I could, and by 20 I was richer than anyone else I knew. Now at 27 even with my massive financial irresponsibility with vidya and guns and fursuits and live bug collection and all sorts of other stupid shit I still have over $300,000 in cash I could withdraw whenever I wanted just from working stupid wageslave jobs. Family is everything and I feel for people who genuinely have shitty families, my boyfriend was one of them and is part of ours now.
>>428422641It's not, because our taxes are too high for the lack of support. We pay more tax by volume than most europeans, especially considering the return on taxation.Likewise we have a lot of our rights and privileges and liberties all separately eroded in the past 30 years.The fact that I could simply claim to be Jewish and receive massive benefits after getting a blood transfusion from one of you (ideally marrow) is also pretty insane. I know multiple anti-semites that have done this and explicitly reported to me that they recieved a higher quality of life (this is anecdotal but hard to doubt given I've seen them go from poor to rich post transfusion and subsequent fraud, all while claiming their lives are extremely easier).So no, it is not a free country, the biases are quite un-meritocratic, which is the truest definition of freedom - equality of opportunity with regards to the law and public institutions and highest liberty.
>>428429007Once again, the cuck must defends is fetish. He can't understand that he can be in control of the system and instead of feels proud of being a gear in the machine.Go see the owner of the companies you mention and see if they rent, cuck.You can own a house AND buy stocks, but instead, each month, you crawl to your masters feet and give what is due, then we spend your hard earn money in stocks. And no, I am not fixing the water heater cuck.
>>428428890>I bought a stock that makes me an OwNeR!!!Lol, sure it does Anon, sure it does. I'm sure you'll make great sweeping changes tpat the next board of directors meeting, and not just end of a number in a balance sheet.
>>428429260Good, now subtrack the amount you spent on rent cuck. We don't have to since we own the property.
>>428421325I just like to use it as a flex on minorities. When they speak to me I can honestly inform them they are speaking to a white land owner and should watch their tone.
>>428421325>I'm going to beat the jew mortgage scam by playing jew rental gamesThis is like eating shit with a fork instead of a spoon and thinking there is an improvement.
>>428422076>renters operate on the redlooks like you have the euro sickness, you are just too comfortable to live an hour away from work. Stay homeless
>>428429260So you paid $1000/mo rent plus a additional investment sum to get the same $125k gains I achieved with just a $972/mo mortgage.>genius
>>428429792Is that before or after your knees knock, and you stumble over your words, terrified of the brown person in front of you?
>>428430555Do I seem scared of you?
>>428429516Keep being a little peasant slave, you don't understand basic economics. Every dollar in your house is a dollar NOT in stocks, you're a little economically illiterate TRANNY>>428429617I don't give a fuck about rent, because i built up a stock portfolio I can easily pay the rent.>>428429607Yeah sure buddy, you TOTALLY own your house... totally. Lets see if you have to pay property taxes every year to maintain your """ownership"""" of it.
>>428429960You're an idiot, go buy another house TRANNY>>428430118Lol, stay a worker drone you non-stock owning loser.>>428430145I didn't factor in the DIVIDENDS that paid for more than that rent.
>>428430911The cuck is getting aaangry hahaha
>>428430710Random tough guy talk on an anonymous message board? Yeah actually.Needing to randomly project strength, reeks of insecurity.Who hurt you Anon? And how did brown folks come to take the blame?
I took out a 30 year fixed rate mortgage at 1.4 percent about a year and some months ago to buy and renovate an old house with two flats. I have to pay 700 € each month and I can rent out each flat for 600 € cold. If rates go down I might take out another mortgage using this house as security and buy another house and do the same again.
>>428430911>The money I spent doesn't matter. I can just spend more money.Have you heard of the sunk cost fallacy Anon? It's common among gamblers. And morons of course.
if you aren't attractive or physically fit, you dont even get to work a job in this shitty slave matrix. this reality is horrible torment that nobody deserves.
>>428421325literally only because i can't stand dealing with landlords>start renting at $950>2 years later they jack the rent up to $1500>they threaten to do illegal things to fuck me over, i explain the law to them and threaten to sue their stupid incompetent asses>have to scrub my fingers to the bone on move-out, take video and a million pictures to make sure they don't try to charge me for bullshit, that was the cleanest apartment on God's earththe bitch was going to charge me a fee for "bothering her" because i was complaining about a neighbor being a psychotic loud asshole every single night and she didn't like having to answer my emails. the fucking audacity. had to quote the law to that entitled whore and put her in her fucking place. now when i pass that building i deface it to ruin their day. and i'll do it every time and they can't do shit. property management companies are niggerkikes and the only proper way to address them is with a nailbat.
>>428431493ugly people are even banned from doing the slave jobs like pouring coffee. we also don't get to have sex. we were literally created to suffer unbearable pain and poverty.
Renting is more expensive that a mortgage and you have dick at the end of it.It's property cuckoldry. You pay your landlord's mortgage.
>>428421325If i ever own a house if will be a big house in the middle of acres of grass, with big ass farms and big ass plantations around it
>>428431788Christ, the victim complex cope is miles thick with you morons.Have you tried just not regurgitating/pol/ talking points? It's not a conspiracy, you're just to pathetic to take control of the life you've been given.
>>428425809lol u mad tho, poorfagyou are so buttmad seething coping to bother posting all your clueless shit here, i'm guessing you got btfo over on /biz/ and have come here to try and make yourself feel better about being a nigger who got sold like a slave on how 'muh dividends' are 'da bomb'.>1000/mo rent so therelol that's a shit-sized apartment or house you are wasting money on.>muh apple, muh this and that all in caps doe>never mention how many actual shares in each>i got dis monee from bein black so there>haha you are all peasants and slaves doethe sheer amount of immature cope and seethe in all your posts show me a child pretending to be an adult.you have to be over 18 to post here, kiddo>doesn't understand renting despite having it explained to him over and over in this threadyep, you're a nigger
>>428422635Where tf do you live? Atlantis?
>>428421325Equity.
>>428432174>its not a conspiracygtfo you lying slimy jewi'll take control of your life by shooting you through the skullcome here and let me show you how i control my life u little shit
>>428423796>yes... yes....!!! Buy overpriced cardboard boxes instead of buying up our great banks and tech companies!Nigger you're buying neither, at least anons who own their own home have a bit of financial security. This has gotta be a troll.
>>428433953He's a retard who constantly does this same routine on /biz/
>>428423594>300kEnjoy your trailerpark
>>428421325If you are uber rich it makes sense to rent. For wagie normiecattle you are worried the next recession will take your job and your savings so at least owning your home prevents you from being homeless and you can survive on the food pantry or something.
>>428424482>Muh dickKek, you're retarded. You follow emotions like a woman
>>428431172You are speaking to a white land owner. You should be mindful of your tone.
>>428434479>ReeeeeeeeeeeeeeeeeeeeLulz, y'all and your fragile egos make this so easy.
>>428421325>no interestindeed
>>428435145Ohh tough guy talk on anonomys board.Your so tough Anon, I am defeated because you're fat fingers are smearing Sweet Baby Rays on that cellphone your mommy got you.Seethe harder manlet.
>>428421325The normie obsession is pretty gay. But if you don't own a house you can't have:>driveway>backyard>garden>garage>tool area and workbench>basement>attic storageAnd fuck if you have kids they need their own rooms and a rumpus room we're not savages."Owning" something where you pay condo fees and live like an ant is retarded though.
Should I take a mortgage and buy a house now or wait? I've got the down payment and approval, but am unsure of what's going to happen to the market here. Any finance anons care to weigh in? Speaking of Canadian housing here.
>>428436076Anything is better then renting, though I'd go for a fixed mortgage with the current market.
>>428423024>You do realize those monthly payments for a mortgage are HIGHER than rent payemnts right?That is only transient and also dependent on what part of the cycle we are in and the economic viability of the location you are in. If you plan on staying in the same city then it is utterly retarded over the long term to rent. If you move a lot for your job (for me every 2-3 years) then it is comparatively cheaper to rent. And landlords aren't losing money unless they bought and sold in a short time period where the real estate market crashed. Rest assured they are covering their mortgage and the maintenance cost with the rent you pay. Worst case scenario is that over 30 years the renters cover the cost of ownership and they get to sell the house for 100's of thousands that you paid the mortgage for. Most though are getting all that money from the sale price plus a portion of the rent as a monthly income.
>>428421325Just make six figures and don't live in california or new york. Literally that simple. I have a nice house in the suburbs and save ~3k a month between 401k, roth IRA, and putting extra cash in a brokerage account. Literally just have a high enough IQ to get an actual career.
>omg, normies are soooo obsessed with water, housing, and food. holy shit if i was rich i would just rent everything
>>428436076Depends. Generally home prices go up, but not always. Waiting for the crash is probably a bad idea, especially in Canada (cause so is everyone else).If you are buying a home in the current market.1. Do not expect to break even for 5-10 years.2. Expect to lose 20%+ of the homes value in the short term.3. Plan to suffer for the next 5 years to increase principle payments (most banks let you double up your payments).4. Make sure you really want that house. Do not buy something you can't actually use.5. Do not maximize the mortgage the bank will give you (75% or less is much safer).If you buy now and plan to suffer for the next ~10 years (each year with less suffering) you'll be in a really good spot and in a much better position than your peers.
>>428437052You're a fucking RETARD>>428437069Everoyne in Canada is doing their best to BUY BUY BUY BUY BUYCanadian real estate will crash 70%
>>428436765You can't even make Six Figures INSIDE CALI OR NY, how the fuck would anyone earn that outside?Literally the only people who have carreers that pay that much outside the big city are genuine pedophiles, human creeps.
>>428436488Within that transient period, I could save up way more Apple stocks than you and grow my net worth higher.>>428435658You can have all of that stuff, it's called renting.Also, life inside a house is trash, you live like a pedo creep.
>>428435066I'd rather own stock in a dividend aristocrat so im always rich>>428434645Ok, i'm convinced you're a troll.
>>428434371I own Equity, it's called buying Apple stock>>428432731Enjoy being poor white trash.
>>428437069Thing is I have a decent rent situation so I could wait. Do you think there will be a ~20% correction coming soon? I do wonder if the continued mass immigration will just keep inflating it and I should buy now while I can. Very unsure. Thanks for the advice.
>>428431937Owning is cuckoldry, you own a house when you could own stock in Coca-Cola, you are foregoing profits from Coca-cola
>>428431409>calls me a gambler>buys a housePeople who buy houses are gamblers.
>>428437069>Plan to suffer for the next 5 years to increase principle paymentsWhat are mortgage rates like in canuckistan? Usually worth it to make the minimum payment and invest the rest, market returns usually beat mortgage interest rate.>>428437223My guy I get paid in the decent low 6 figs range in a small medium cost city to put an airplane on autopilot and wait a few hours. Engineering dudes and compsci glowies do even better. Some tradesmen even clear 6 figs. Figure yourself out.
>>428421325people don't buy houses anymore. they buy land, knock down the house that used to be there, and then have a fucking box built where the house used to be by contractors who can only understand 90 degree angles
>>428422635Clearly you’ve never actually looked at what qualifications are need for a mortgage. You can get an fha loan for 3% down with a minimum credit of of 620. They will lend this shit to anyone because it is backed by the government. Read a book nigger
>>428437614I'm in computer science and I don't earn CLOSE to that.Again, you're in some pedophile freemason group or something like that.
>>428438112Please read a book you uneducated white trash.https://apps.royalbank.com/apps/true-house-affordability?utm_dc=ga_SEG_12352116660_122487547642_514242222927_aud-1014319794123:kwd-42221110_c_g_&gclid=CjwKCAjwscGjBhAXEiwAswQqNEMEgeiqJ2IWi26wpqFygCe2cwOSwY8xGPTdYioXqjSCxdWkRO2kVBoCVn4QAvD_BwE#!/main/welcomePunch those numbers in and see where it goes.
>>428421325So how much did Apple pay you to post this? Or is that just the only company you have to use a marker of success?Can't tell if glowie, or schizo...
>>428438172Did you go to some shit school or not have a degree? My friends from college in compsci are all clearing 6 figs, I know some clearing 200k+ working for military contractors. What's your actual job title? Of course everyone doing better than you is a pedophile freemason lmfao. Did you fry your brain on drugs?
>>428438230>>428438172>I'm in computer science>posts link to a leaf bank>80% of the URL is useless tracking garbageHELLO SERS I FIX YOUR LAPTOP
>>428438414I studied at Princeton, I studied Finance/Comsci dual degree.>My friends from college in compsci are all clearing 6 figsNo you don't. THe top earner of my class earns 250k and it turns out his Dad is a product manager at META>I know some clearing 200k+ working for military contractors. What's your actual job title?Tech Consultant>What's your actual job title? Of course everyone doing better than you is a pedophile freemason lmfao. Very few are doing better than me, again I know very very few people actually earning 6 figures.
>>428437133You don't understand the Canadian market. The Canadian government is literally importing new buyers every day. The solution the Canadian government has is more rental buildings and less single family homes. Home prices will only go down if people literally cannot afford them. >>428437481There has already been a correction of 20% (I think it peaked around 40%) and most of the bigger city areas are back to increasing. Not sure on the rural areas. Historically, home prices have only gone up in price and demand has only increased over time. Hence, you plan 5-10+ years into the future. Even if things correct, you just need to be smart and hodl your home as best you can. Remember, you don't buy a house for an investment, that's just a nice bonus. You buy a home as a safe place for you and your family to grow.>>428437614Stock market returns are not safe investments. A bad day can wipe out all of your investments. The higher return is because it's not safe. Paying off your home faster is much safer because you not only build up more equity (a piggy bank for disasters) but also actually own the place and are relatively safe from economic downturn.
>>428421325A real man puts down roots and develops his local community. it's niggers and rootless jews that rent and move around their entire life, not whites.
>>428438549>You don't understand the Canadian market. The Canadian government is literally importing new buyers every day. The solution the Canadian government has is more rental buildings and less single family homes. Home prices will only go down if people literally cannot afford them.You don't understand value investing. Regardless of buyers and sellers, an asset is only worth its value in CASHFLOW.Houses are yielding VERY low cashflows.
>>428438414Maybe his compsci is competitive scientology.
>>428438549Also, the thing is about stocks is they are an INVESTMENT, a SAFE INVESTMENT, houses on the other hand are just gambling.>>428438604Yes, you can rent the same place for 30 years.
>>428421325defeat the housing jew any way you can.for me? It was simply a matter of buying a 5k GIGANTIC old beat up house. Which as a house works fine. Not a desireable zip code, but, was 5 minutes form my job.my friends all hated my house? Fuck em. I own a 12 room, 3 full basements gigantic house for a single guy. Own outright for less cash than a decent used car. I spent more cash on a single GUN (target piece) than on my entire house and property.when you get away from "dream house" and look at a house as simply something you need, and get the cheapest that willd o the job? Indoors, keep the wind and rain off you? It becomes surprisingly affordable.
>>428424220Does anyone making under 200k/year still buy property in Toronto or is it still only chinese millionaires and multinational corporations that can afford a house thereRent refugees started moving here from Ontario and raising the price on everything it's fucking annoying
>>428421325Nigger
>>428438546Cope
>>428437446lol
>>428438689>Yes, you can rent the same place for 30 years.And then some jewish landlord pockets every cent and starts earning money from the next nigger that moves in and you get zero returns. Renting is a jewish system through and through.
>>428438549>also actually own the place and are relatively safe from economic downturn.And have absolutely zero liquidity except from taking out a HELOC and paying 8% interest on YOUR money or selling the house and paying $30k in closing costs. I'm enjoying my ~10% a year.>>428438546Actual in-person Princeton or some fake online course that accepts everyone? How can you possibly getting paid like shit with a real Princeton compsci degree? I graduated from a mid college 3 years ago and have had no problems increasing my salary. If you're seriously making what you're saying you're making you need to start putting out job apps.
>>428438546>Tech Consultantlol
>>428421325rent's crazy expensive and you don't get shit, you want to talk about overpriced? paying 12k+ a year for some cuck shed you don't even own is overpriced.
>>428439125>own property in leafland>want to pass it down to your child>forced to pay an 80% land transfer tax>only way to avoid this tax is to sell it to a poo or a chink insteadall property ownership is jewish. live on the road.
>>428421325I can't garden in an apartment
>>428440124you can grow some small things with LED grow lights but not to the point of subsistence. still, it helps shave some costs. sprouts in mason jars are also easy as fuck, kids can do it.
>>428440124One can certainly grow shrooms in an apartment. Fun and profit.
>>428440066>you don't get shitnot defending renting (it does suck), but free maintenance isn't that bad. fridge broke down? fill out a form, a new one arrives in the next day or two. no it's not fancy, no it doesn't have an ice dispenser, but it's a free fucking fridge. the truth is there's upsides and downsides to all kinds of living. you pick what works for you, whether that be owning an asset, placing freedom over comfort (see >>428440114) or just having a damn roof over your head for the time being. unless you're fucked in the head, any home is better than homeless at the end of the day.
>>428423796>If you put your money into the dividend stocks like CocacolaI foresee TND and that might hurt Coca-Cola's bottom line since about half of their revenues come from gibs.
>>428440114>land transfer tax>80%In most of Canada it's 1-2% of the properties value. Still bullshit, but nothing close to 80%.>>428440838Sure, you get a free fridge, for now. Only a matter of time for that land owner to create a "communal" kitchen/bathroom instead and rent each room separately. The immigrants will love it. Have fun sharing that fridge with the immigrant family next store.
>>428421325>I plan to rent my whole lifeliteral serf
>>428441218>Counters reasoned argument with made up schizo fantasy.That's some quality work Anon. Keep it crazy.
>>428421325i bought my house with cash 5 years ago and it has gone up $50k per year since then, even if the house prices crash I'll still be fine because there's nowhere left to build here so it won't destroy the value.
>>428421712You're obviously a wondering jew. Of course you don't give a shit about putting down some roots. You're people just grift off whatever society they come across for the last 10,000 years. Stop swindleing people and you too could have a cozy life and be really loved by people.
>>428441380that is exactly why things keep getting worse. the people who cant afford a house today won't be able to afford one tomorrow because the prices keep going up, but the other half of the population who has a house is happy because their house value keeps increasing. its a terrible cycle
>>428421325Renting is just flushing money down the toilet. Everyone should have a home.
>>428441365Landlords have one goal, and that's making money. If communal kitchens/bathrooms make them money, and their tenants are either replaceable or unwilling(or unable) to leave, they can squeeze them as hard as they want.The landlords interest are not your interest. New immigrants are willing to accept significantly worse living environments than the native population. The living standards of renters will only go down in time.
>>428441380need a new roof, eh housie? how about new siding? kek
>>428421325Kek peak cracker Rents due soon Keith, watch the beer intake as well
>>428421325For the average person leaving behind a house for their children is leaving behind security after they're gone. If you're extremely smart and leave behind a business empire great but the average 100 IQ man can dream to have a little home and leave something of himself and security for his children after he is gone. It's really not as big of a deal as you're making it.
>>428442153roof is only about 7 years old, it could do with new siding but it's not important yet
>>428424348I inherited my mortgage free home. In a major city it'd be worth $800+ due to the size of the lot, but if I sold it here tomorrow, I might expect $3-400K. Thinking it might be in my best interests to sell sooner rather than later, bank the money, maybe invest some in a condo that I can rent to pensioners... live in a camper for a year or two, etc... I really don't know. Since I don't really know, it feels like simply staying put is the safest option because I do like like living here. For myself, it seemed silly to buy into RE during the boom knowing that I'd some day own a home without paying mortgage anyhow.
>Become rentoid>Pay 1/3rd of your income to lazy boomers or shlomo for the rest of your life and live in a pod you don't own.>Become homeowner>Slave to your bank for 30 years if you're lucky.>Do neither and live with parents>Society mocks you and looks down on you. You are viewed as a subhuman.Only way out is to buy land and build your own home, or buy a shitheap and renovate. The only problem is there are so many speculators, chinamen, and richfags buying property that the prices are ridiculous even for dilapidated shacks in some areas. Just wait for the housing bubble to pop, or the apocalypse whichever comes first.
>>428421325Got my 130m2 house in the woods at 25 with no kike loans. Rentlets wouldnt understand the inner peace it gives me.Nearest nigger is probably 45km away
>>428422076Completely wrong on both counts.Banks are happy to give mortgages to pretty much anyone who isn't a complete fuckup poorfag.And all else being equal, rent is usually more than a mortgage would be on the same place. Just think about it logically, it's very likely that your landlord has a mortgage on the place you are renting. They need to charge you enough to cover the mortgage and other expenses so that they aren't losing money.
>>428421325>I plan to rent my whole life.If you rent for the rest of your life, you will end up paying much more in total than if you had bought the same place. And you will have nothing to show for it.If you get a mortgage, you will also make mothly payments that are similar to what it would cost to rent now, but as time goes by the rent will continue to increase every year because of inflation while the mortgage payment will stay the same.And more importantly, you are actually buying the house. If at some point in the future you decide to move, you can sell the house and at the closing you will get a check for the value of the mortgage that you had paid off. When a rentfag decides to move, despite making all of those monthly payments, he gets NOTHING other than maybe a deposit returned if he is lucky.
House is a prerequisite for other property, other investments. I'm renting a home with my fiance now, and it's every other week when I see a boat or a riding mower and think "fuck I wish I had a place to put one." I want to do other things too. Get a workshop going, build my own furniture. If I can get good at cranking that out, I think I'd have a strong business niche to fill. Every furniture store in town is either the cheap, sprayfoam and varnish shit that you have to open 5 times before you get an undamaged one, or tens of thousands for the Amish stuff. I think there's a happy middle ground to meet there. Can't even think about it until I have a garage, though.
>>428421712>You do realize that the vast majority of people who moved out of their parents house never bought a home right?The home ownership rate in the US is currently around 65%, and has consistently been between 60-70% since the 1960s. 2/3rds of Americans own the home they live in.>But that's just the boomers, no younger people own homes.The homeownership rate for millennials is 52% and increasing rapidly.Rentfags are the minority.
>>428442987>>Slave to your bank for 30 years if you're lucky.Why do so many people seem to think that if you get a mortgage you are locked into it for 30 years? You can still sell the house at any point if you decide to move to a different one. They will just take the proceeds from the sale and pay off what you still owe and then cut you a check for the rest, ie equity. People do this literally every day. In some ways, you are less locked in with a mortgage than renting, because typically rentfags sign yearly leases.
>>428441218>"communal" kitchen/bathroom instead and rent each room separatelyIt's only in the most extreme poorfag properties that go for $150 a month herePretty sure they have no AC either
>>428421325Must be bait, no one is this dense.Bought a house and paid it in 5 years. Now no one can take my home away from me. They can take my electricity, water, garbage collection if I don't pay, but no one takes my house and garden. Could live off my house and garden with zero income because neighbors would gift me water out of pity or because they like me. 15 years of no-rent, paid up a condo before.. didn't feel secure enough because they have monthly fees (basically a mortgage for the assoc loans). But yeah, retarded to buy a house if you can't maintain it and only want to play vidya and eat shit-food. Bet you're one of those who loves to be a wagie, one of those who wants to be a goodboi so you can feel free.
