why do amerimutts think that lending fortune from a bank to buy a mansion is a form of achievement?i never understood and they call it "american dream"nigga you don't own that shit, your bank owns, you are just renting itwhy is it a "dream"? it's a literal fucking nightmare
I wonder what the monthly payment will be on that mortgage
cool it with the antisemitism buddy
>>544635229>why do amerimutts think that lending fortune from a bank to buy a mansion is a form of achievement?>i never understood and they call it "american dream">nigga you don't own that shit, your bank owns, you are just renting it>why is it a "dream"? it's a literal fucking nightmareok chang
>>544635355 For their sake I hope it's fixed.
>>544635379not want to kill yourself over a million dollar mortgage is anti-semitism now?
>>544635444I asked for a variable rate and my realtor just lol'd. I'm at 6.375%. Owe about $530k still.
>>544635229Because if you hold debt in a debt based economy you rule the world.Being in debt is a human right, every human has the right to be in debt since it is the only way to be happy and be free.My entire goal in life is to one day qualify for a mortgage.
>>544635355even with a 40% down-payment ($340K), with 6.25% fixed rate, monthly payment will be $4700.
>>544635454I would kill myself if I found out I would never qualify for a mortgage, my dream in life is to qualify for a mortgage.
>>544635558>>544635610>my dream in life is to qualify for a mortgage.
>>544635229because what retards don't understand is that you actually want to spend most of your life in debtthe economy is rigged to make debt erode away with inflation, you borrow 1 million today for a house, in 30 years 1 million is the price of a loaf of breadthe reason it's like this is the rich make their money from capital gains, and this is your only way to at least partly join that carousel
>>544635680>Ruling the world is bad because it just is ok>>544635606That's not bad at all, my banker told me my apartment would be $5k a month.
>>544635606Fuck the jews, fuck the boomers and fuck the pedo politicians
>>544635703Finally a non-retard.The ultra-rich are ultra-rich because they took out mortgages.Your goal in life should be to become so rich that you too can qualify for a mortgage and then take one out.
I have a pos beachfront condo that I overpaid for and they sell for 70% of that now. 739/month hoa that pays for everything so run 2 gaming pcs 24/7Open balcony with oven on and ac going
>>544635703Lol that's not for you goy, you get interest rates that mean you spend your best years paying a bank 600k for a house that cost 200k, that's if the economy doesn't go to hell and you can't pay it back. For sure this last generation seems to have gotten away with it but the one before got fucked to hell and so will you
>>544636020So getting to live a perfect life is now bad?Interest rates anchor the value of money, it makes it valuable so you can rule the world. Why do you not want to rule the world?
>>544635606That's over 25 years too. That's only livable on a double professional no kids income.
>>544635229Do FOB asian women buy houses? How do I get the key to a FOB asian woman's home?
>>544636020what you don't understand is that you get to double dip with a mortgage, the price of your house normally rises over time while the cost of servicing debt decreases because of inflation, it's the most logical investment for a normal middle class person and the reason why housing is so resilient apart from extraordinary crises like 2008
>>544635558Oh fuck yeah. I have a house and a mortgage. When do I start ruling the world? Is there some kind of form I can sign or procedure I must undergo to activate my rule? I’m ready to go North Korea style on you faggots
>>544635229$850k isn’t shit in socalShe’s probably living in a barrio or something
>>544636229The world is literally already working to serve your ass.
>>544635856kek based should be mining on those pcs hopefully
>>544635229>californiaKek wonder what he got for that. I’m in the midwest and just paid almost exactly that amount. Got a 4.5k square foot house in perfect condition, pool and a pond, 5 acres, and 3 extra barns with two of them outfitted for extra parking.I don’t think i’m special or anything. I simply inherited money and now I can live in a big house. Wonder why anybody else would buy in California like that, though. I’ll just fly out there for a while if I want to be in Cali but it’s culturally horrendous for living
>>544635501good luck
>>544637548nobody wants to live in topeka, flyoverfag
>>544637894Is anyone asking you to?What about any of that made you butthurt?
>>544635229I'm not sure what the American rental market looks like compared to Australia but it's because being a rent serf means having your private domicile invaded every 3-6 months to scrutinise you for daring to exist in the home you are renting, you can't put up any paintings, posters, decorations and have your rent hiked every 12 months or to be told every 12 months that the "owner wants to move in" (landlord wants to evict you and rent the 2 bedroom house to 15 Indians for triple the price)I'm not a communist but Mao did nothing wrong.
>>544635229>"We did it!" And it's just goycattle being pumped full of kike debt
>>544635229poor cope. young upwardly mobile professionals having fun and being comfortable always makes you people SEETHE and i LOVE it
>>544635775The only winning move is not to play. I reject all usurious systems across the board. I also pulled out of all investments I had as I realized they too are nothing but a vehicle for the rich to make money doing nothing. Shit disgusts me to my core and I want nothing to do with it.You can be a slave to greed and the systems at play if you want. I will simply choose a different path. Will it cost me more? Absolutely. The right thing to do is rarely ever easy or rewarded.
>Rent a house>Stop paying rent after 1 month>Block the laneway with rocks>Tie a pitbull outside EZ. You now have a free house for the year. If it's got hardwood floors or copper pipes you've even got a side business
>>544635430looks comfy.
>>544636143>That's over 25 years too. That's only livable on a double professional no kids income.You think that matters to them? They signed a "house broke for the rest of our youth" mortgage. They will most certainly have kids anyway and fuck up their kids life with financial stress but they don't care.
>>544635229Why would you buy a home and not a business? SBA rates aren't much higher than mortgages, you get to put less down, and you now are an owner instead of a wagie
>>544640934Because mortgage holders are the rulers of the earth.
I just picked one up, 600k @ 4% fixed (20% down). Depressing stuff man. In a small town of like 10,000 too couple hours away from toronto (our only city).
>>544636195taxes, insurance, utilities and maintenance all inflated though. By the tkbe you're done paying off the principal those will at least equal your original payment. Also the banks don't even have the money they lend you they create it when you borrow it's just another tax. t. home "owner"
>>544635454Yes.
>>544641543and for some reason shit like a doorknob or faucet are like $499 each.
>>544635430For people that say that looks comphy. I hope you are either being ironic or, have genuinely never experienced that particular kind of dehumanizing hell.
>>544641522It's depressing that we allow rich people like you to exploit the system.In any real society you'd be in jail for economic vulturism.
>>544641996you again! there's only like 10 posters on this board.
>>544636195Only a fool plays a rigged game.The only genuine thing to hope for these days is to massacre the jewish banking cabal, root out the traitors and collaborators, destroy the international fractional reserve debt-based money system, and to rebuild one's nation-realm alongside ethnic kinsmen atop the ashes of the enemy where money and wealth are not lashed to horrifying jewish concepts and systems meant only to destroy people in every way possible.
>>544635229850k in California is probably a tool shed in the hood. Guaranteed it was no mansion.
>>544642055I'm just against the ultra rich.
>>544642309you're an ultra fag
$5,600.00 a month for 30 years; paying roughly over a million dollars in interest alone. imagine paying more than twice the value of a property for the "privilege" of securing a loanwhat a fucking sucker
All I want is an 800 sq ft comfy little trailer on a tiny piece of land. I just want a box to live in. I went to visit a few with my ex. Most of them looked pretty nice. I wouldn't have minded buying one. Except (1) the loan rules are different because these boxes depreciate, and (2) they all come with a fucking 458 dollar a month HOA fee. So I can NEVER own it, I will ALWAYS be paying rent that they can raise AT ANY time.Don't get me wrong, I know property taxes exist as well, and that is frustrating enough. But yeah, I'm just not going to invest in society if it's going to be like that. I will just keep on living with my parents at 32. Half my life is gone anyway. 50 year mortgage? LMAO what's the point? To be EIGHTY TWO by the time I own my home? Fuck that.I was making $25/hour and had $80,000 saved from living with my parents and I still couldn't afford to be TRAILER TRASH. This country is fucked, especially given how many people make way less than me. Fuck this gay earth. I got laid off and turned down TWO job offers because there was no point to even working anymore. I'm not gonna pay $2000 a month just to rent a place to fuck my asian girlfriend (literally the ONLY reason I'd even want an apartment at this point) when the back of my car works just fine. I guess it'd be a bit more comfortable, but wagecucking honestly killed my sex drive from how miserable and humiliating it was.Total Banker Death.Total Zoning Board Death.Total HOA Death.Total NGO Death.Total Jeet Death.Total Jew Death.
>>544642084you can always just rent for 10 years while saving; it works out to be way cheaper in the longrun and you dont have to pump sheckleburgs bags either>what about the landlord?meh, let them deal with the depreciating asset and buy outright when you can where you wantthere is no rush on this; dont know why people freak out over loan% and prices within a 5 year span when your dealing with an asset that has a life of 30+ years (mortgage)
>>544642727If you take out a mortgage, the world becomes your slave, you are a King. Someone with a mortgage rules the world.
>>544642869thats retarded
>>544642923everything that guy says is bait, he'll be in every thread that has to do with money and say anyone making over $20/h lives like a king ect ect.
>>544642728Get a beach condo in MB. Dirt cheap
>>544635606Considering we’re not in subprime territory, they’re probably grossing $15k/ month to get that. Not the worst position
>>544642997You admit you have a house, you are a ragebaitor.If you really were that rich you wouldn't be on /pol/
>>544635229because white people have shit for brainsthat's literally the whole story
>>544643044the problem is America is so fucked there's no possible way they're gonna make $15k/month every month for the next 30 years so they will inevitably lose the house
>>544643024Why does it need to be on the beach? Isn't that more expensive?
>>544635229Bought my house for 180k leaf bucks in Ontario a few months ago. The idea of buying a house for 850k or 1.2 here is insane to me its a fucking house it should not be a million+$
>>544643205If they did they would jail every single person who took out a mortgage.>>544643391Bruh where the fuck did you find a house that cheap?Houses should be 800k minimum.
>>544643455Outside of North bay called sturgeon falls. Don't get it twisted you will have to fix some things under 200 man been working on the place for months
>>544643803How do you have a job there?I work on Bay Street, don't know how I'd find a job somewhere there my only experience is finance.
>>544643328why not? $15k/mo is $180k/yr and in 10 years it will be average starting salary for a college grad.if you believe in hyperinflation of course you want to load up on debt
>>544643455>Houses should be 800k minimumWhen I looked, my upper limit was 900k and I didn’t really look at anything below 500k. That said, there were plenty of sick ass houses from 600-700 that had most of what I wanted. I just would have got 2.5 acres, less barns, and probably no pool. I didn’t really even want the pool anyway but the rest of the property was basically perfect.If you didn’t want something big like I did, you can start getting decent ranch style homes with >5 acres starting at maybe 450.I could never live in or near a big city, though. Not enough space to think or breathe. I don’t even mean rural. Suburbs are fine but fuck cities so hard kek
>>544643967The central bankers have inflation down to 2-3%
>>544643982I love living in Toronto but raising kids here sucks
>>544643866If you are an accountant bank teller mortgage specialist you could move up here in a day there is everything up here there is in the GTA from food to stores and malls. Wish I came up here years ago I hate going back down to Durham region.
>>544635229you live in it, or rent it, or manufacture drugs in it, that is why you buy it.
>>544635229Looks like a place of worship.
>>544644077>I love living in TorontoI can appreciate that preference without being able to fully understand it lmao. Shit’s definitely going to be wildly more expensive in that case.Toronto is a city i’ve always weirdly felt the urge to visit. I like the word itself and how it feels in my mouth>toRONTOSeems like a city similar to Denver where city proper is really nice but things get weird if you venture too far away from the middle.
>>544635229>paying property taxes for life Private property in America is a meme.
>>544643866CFA?
>>544635355About $6500/month
>>544635355depending on the down. if its like 20% which is 160k that leaves 710k left so about 4800-5500Monthly Principal & Interest: ~$4,675Total monthly payment (with typical taxes/insurance): ~$5,300–$5,500why does OP think it's a Mansion? Mansions cost 10s of Millions. this is a track house. maybe a 4 bed 2.5 bath on a 1/12th acre lot
>>544644077>I love living in Toronto but raising kids here sucksMan Toronto was designed for 1/3rd the population it has now in the 60s. Driving in that shithole is nightmare fuel to me now. It could be a nice place if it had a proper 1st world subway system and a highway twice as wide but that's never going to happen
>>544644358I am taking my Level III soon, currently only passed Level I and II.
>>544635355Just your first born child to sacrifice to Moloch. Nothing crazy
>>544644301My friends are here, i love being able to walk to a a bar after work and come home drinking. I love living here but my wife and I are having kids soon and we need to find a place outside, I need to find a job outside the city which is hard when you work in finance.
>>544644473Was that before or after the Bay Street job?
>>544644197Nigga preaching economics.
>>544644301>To ron to>Chi ca goThats the US twin of the city minus the crazy gun crime on the south side
>>544644537I got my job right out of school after graduating Queens Comm, took Level I and II at my previous job as an investment analyst.
>>544636163>Do FOB asian women buy houses?Yes. A lot of them.>How do I get the key to a FOB asian woman's home?Have a home of your own and make more money than her (then she will consider marrying you).
>>544644568Oh shit, well I’m sorry to hear that, gentlemen. Chicago is my least favorite of American cities. The W Hotel there at Navy Pier is a cool place to fuck your wife on the 4th of July but otherwise I avoid Chicago like the plague
>>544644583Jew, Asian or Nepo, call it
>>544635229Understand the only reason we are here is because Americans are retarded enough to agree spending this much. You could all take a step back and set a line at 75% reduction in price and 3% interest max. Across the board. Nobody purchase anything unless it drops to those numbers. Move in back with parents or stay in car for a while. The market would adjust. Right now this retard is telling the market that morons are willing to pay 850k at this retarded rate. He's no doubt going to be pissed paying his monthly and is going to raise the price to 1 million when he sells. And another imbecile will come and pay.
>>544637548>Kek wonder what he got for that.A walk in closet with its own mailbox in an HOA neighborhood that will run you out of town if your curtains are the wrong color.
>>544644662Anon didn’t answer, only types getting an investment analyst job in Bay Street out of uni without experience or a CFA 1 are Jews, asians and nepo babies.Don’t feed the system, being cheap my friends. Break the system. They want you poor and starving.>inb4 flagJust a memeflag, I personally believe in racial monoethnostates with mixed forms of capitalism and socialism.
>>544644707I live in California. our HOA is over 1000 bucks now. and it's an old building falling apart.you don't get much what you pay for. between taxes, new fire insurance and HOA we pay 2500 a month. that's rent or mortgage for a nice home in the midwest alone.
>>544635229>$850K at 6.25%>$5,233.60 in monthly payments, if over a 30 year period>$1,034,094.63 in interest alone.>$1,884,094.63 total over a 30 year period.>$8,500 to $11,050 in property taxes per year in perpetuityHow does one avoid becoming an interest guzzling debt gimp subhuman slave when buying a home?
>>544644662its b8
>>544635229>nigga you don't own that shit, your bank owns, you are just renting itpretty big difference between renting a place for 30 years and then leaving with nothing and paying off your mortgage for 30 years and then owning a house
>>544635229I love that sub. Always a woman posting the house the man her life paid for and saying "we" just bought a house.
>>544642727A mortgage is effectively a leveraged long on real estate (historically high performing asset) against fiat (continually inflating shitcoin (devs are retards)). When you factor in how much you would be paying in rent anyway, it's a pretty good deal.
>>544635610>doesn't even want the house just must moortage
>>544635229Something that amazes me from the US is finding out that even high income families are paying off a mortgage, or even worse, renting. Wouldn't it be better to lower your lifestyle a little bit and paying off your home in 5 years or less instead of never owning anything?
>>544646683You don’t understand, they need to live in LA/NY/Miami and have dinner at a restaurant at least once a week with friends.
>>544635229$850k in SoCalMansion? OP is definitely brown.
