Wait, owning your own home was a scam all along?

>>60483932 (OP)
>mortgage
normie trap

>>60483932 (OP)
That's why it's called a mortgage. You commit to it until you die.

It wasn't a scam until Australia effectively doubled its population in 25 years via immigration without building enough housing for everyone. There's zero value with how much you have to pay now.

>>60483932 (OP)
I own my house outright suck it faggot

>>60483932 (OP)
I wouldn't buy a house if I didn't plan on getting married and having kids. I put it off for as long as possible because it's so easy to grow wealth without one

>>60483932 (OP)
I once thought home ownership was a good thing until an anon mocked me by saying he couldn't imagine anything more cucked than tying oneself to a spit of land. I was enlightened and am now a rent chad.

>>60483932 (OP)
Is she stupid? The mortgage is typically great value; you pay interest on an asset which appreciates in value, at a fixed rate, which gets eaten by inflation over time. Its a fucken no lose.

Look; take a mortgage. Oooh its a lot of money a lot of interest. In 20 years though, you would have had to pay that money anyway in rent, which would increase over time with inflation. In the meantime, your debt is being eaten by inflation, and you're paying the same amount 20 years from now as you did when you took it only you also have equity now.

If youre too stupid to understand this I pity you.

>>60484019
>things go up forever guys
>just ignore the declining economy and ballooning private and public debt
>buy my overpriced home now!!!

>>60484019
>you pay interest on an asset which appreciates in value
The house gets expensive and the neighborhood gets shittier. What a deal.

>>60484019
Most countries dont have long term fixed rate mortages, some pitiful goys only have 5yrs fixed lol

buying cash is okay because fuck being a rentoid
buying with a mortgage is the cuckest move you can do

>>60484019
>Its a fucken no lose.
>This investment cannot possibly have a negative outcome! It's zero risk all reward!
Think for one second.

>>60483932 (OP)
>26 year old
stopped reading. couldnt care less about the opinion of anyone under the age of 30.

>>60483986
Damn aussies fuck them

>>60483932 (OP)
Is she upset that the principal balance hasn't gone done much? Maybe she should have researched it better.

She can also overpay to reduce it quicker.

>>60484019
>It goes le up
Why not allow people to put everything into the actual place they are buying instead of promising them golden shit you fucking kike piece of shit.

If you can't get section 8 housing, mortgages are the only way to house yourself.

I can save her

Oh yeah, look up what a MUD tax is and if the area you’re buying a house is subject to them. No, it’s not a property tax, it’s ON TOP of property taxes. If you buy a home in a newer neighborhood (You) have to help subsidize the cost of constructing utilities. My friend purchased a new home and was hit with MUD taxes plus his property tax.

>>60484447
Be careful goy, if you pay off your mortgage too quickly you’ll take a negative credit hit because lenders HATE when they can’t stuff you on interest.

>>60483932 (OP)
>woman
>buys something without reading it
>gets bill
>”OMG I HAVE BREN LE SCAMMED”

I hate women so much it’s unreal

My sister is in Australia, she just bought a $1.4M house.

$400k down-payment. $1M mortgage. Shes paying over $60,000 per year in interest without even touching the principle.

Buying a house right now is literally a scam.

should have spread your beef and let me into that vag now you paying mortgage and shieeet lol

people don't think hyper inflation and the transition from late stage capitalism to whatever hell comes next be like it is, but it do.

housing and rent prices are only going up. add in there simply isn't enough resources on the planet for even a small fraction of the 7 billion poors to live a middle class western world life and you get intense resource competition. it's only just starting and it's going to get a lot tougher over the coming decade.

there is a transition happening to neofeudalism. there will be a clear class divide between property owners and slaves sorry indentured servants who work for the owner class. hope you bought several cash flowing rentals, land is full, you can't just "build more houses"

>>60484575
She would be paying 7000 a month in rent if she rented that house. That's 84k a year down the toilet. Compared to the 60k in interest, that's not so bad at all. Also don't forget the 5% annual appreciation on the 1.4 million which comes to 70k. Subtract the 60k in interest from that, and it's 10k in profit per year.
So she's actually benefitting.

Would a rentie make 10k in profit off his house per year?

>>60484559
I got an inheritance from my grandmother and paid off my student debt in bulk. It didn’t fucking help my credit at all. This was in 2018 and the missed payments are STILL on my record almost 7 yrs this August. I never even got into default status.

> I'd rather rent so I can pay someone else's mortguage

>>60484702
houses are still going to be good investments at 10x the current prices. all the it's a scam people ignore the fact that you have to live somewhere or be homeless, and the options are rent or own. price directly impacts ownership costs, which is fully funded by rent income. rent = all costs + profits.

the question is not if you're going to take it up the ass. the question is do you want the little bitty smooth dick of interest on ownership or the massive thick rough log of a dick of being forced to pay ever increasing rents and all the other costs while someone else pockets the difference?

it's amazing to me the propaganda of own nothing and be a complete slave to being controlled by others has actually worked on people. what a strange time to be alive.

don't pay property taxes and see if you actually own it.

>>60483932 (OP)
>owning your own home
>mortgage
Pick one.

Living in a car is the modern day chad. Most of your expenses go to actually enjoying life.

>>60484016
This but I'm 28 and live with my parents.

>>60484559
They call people who carry no debt “Deadbeats”.

>>60484739
Don't show up to work and see if you really have a job.
Stop talking to your wife and see if you still have a marriage

>>60483932 (OP)
Having a mortgage is yes. Owning outright is based. No kike can take it from me.

>bought a house in 2019 in my 20s
Feels like I got the last chopper out of 'nam.

>>60483932 (OP)
you know what isn't a scam? OWNING LAND. JUST BUY FUCKING LAND YOU IDIOTS.

>>60483992
property tax?
i don't pay mine, waiting for them to send people so i can kill them in a few years

>>60483932 (OP)
If you have a mortgage then by definition you do not own your home.

>>60483964
This

>>60484575
she could suck my cock and live at home for free

tell her i'm in bulgaria waiting for her

>>60484730
Eventually people will just give up on even renting and start living in vehicles and building yurts in forests.

>>60484019
>gets eaten by inflation
only if your pay keeps up with inflation

>>60483992
That’s also a scam too. Unless you conquer your own country and install yourself as the sovereign you’re honestly getting scammed in real estate

>>60483992
stop paying property tax and see what happens, retard.

>Spend 100% of NW to put 20% down
When it should be
>20% sbloc on my stocks pays for the whole house and the dividends pay it down

>>60483932 (OP)
I inherited a house after being drunk for 20 years

>>60486242
Stop paying property taxes and report back how you're owning kikes.

>>60483932 (OP)
Is the issue not that she bought a house when the interest rates were super high? Doesn't everyone know not to do that?

>>60486353
godspeed

>>60489196
How is it a fucking scam you own your land outright. Not one cunt can take it unless they come by force.
We don’t pay “property tax” where we come from nigger.
Rentoid cope while land chads can work a literal bullshit job and still be comfy and save while careercels stress forever about paying the jew off.
>strong and brave goy mortgage death grip

>pay 500 a month in rent indefinitely
Or
>Pay 500 in mortgage, eventually own the home and can sell or leave to your kids

Lazy psyop for people without enough money for a home deposit

>>60489448
I’m not a amerilard so I own my land and all bricks and mortar completely. there’s nothing any jew can do about it.
Rentoid, get back to work and watch your interest rates.

>>60484708
>Would a rentie make 10k in profit off his house per year?
Depends on how much shit on the house goes bad. Rentie isn't responsible for repairing a roof

>>60489545
>500
ask me how i know youre a 17 year old neet

>>60489568
If you do maintenance the house price will also go up.
Don't forget the interest rates will go down thereby increasing profits considerably.

>>60489545
Rent is at least 1000 even for a box.

renting is cheaper in most places now, this is basically the rich raising the barrier for home ownership, the rich are okay with mortgage rates and housing prices going up because the relative cost to their net income is still low compared to normies

and no, renting is not “throwing money down the drain,” as you need a place to live, in that vein interest payments on a mortgage (which can be 100% of the principal over 20-30 years) is also “down the drain,” also homes can stagnate or depreciate, unlikely in popular cities but still happens

>>60484027
the massive crash is any day now and rent will surely halve at any moment because houses will lose value.

>>60486450
Already there.
Had an median paying FT job in an Australian city and basically all my money was going towards renting... a room in a share house. As a single person.

If you have a high-earning job you have more solutions, but to get that you've either got to have made the right friends in school (ie be a cool normie) or get lucky in choosing a good profession or trade ie electrician and still have to grind for years to be earning decent money. I picked a decent career - however, it's not enough. Almost no career is worth doing in the Australian economy right now unless you are lucky in achieving the right combination of circumstances. I see a lot more people are turning to HR-HR forms of income like entrepreneurship, trading, and actual crime... I'm surprised not more are doing it. You work your FT job so, what, you can rent a room in a dilapidated wooden mold-ridden Queenslander a 15 minute awful packed commute away from your workplace in the big city, you can eat out a couple times a week, maybe you have a partner but of course you can't have her over as per the rules, you have no chance of having a family as you don't have the income for your own apartment, or house, or even to raise a baby. I hope more slaves find the will to leave the system, go live in a van or forest or whatever, realise that working for the system isn't worth it in even the way it used to be, which was the reward of Cypher in the matrix. You serve the system, you get the house, the steak, the hot girl. It's still Babylon and Egypt but you can understand why people serve it - they know they're a slave, they talk about the 'golden handcuffs', they fantasise about leaving it some day, but the pleasures are just enough. Now, you don't get a house or steak or girl. You get nothing, well maybe a sex toy and onlyfans subscriptions. It's no longer a deal with the devil, it's just illogical, stupid decisions. Go be free. Travel three days into the wilderness to serve the Lord your God.

>>60489406
Based

>>60484019
Good on you for waking up from your coma, now let's catch up with what happend with the economy in the last 20 years...

>>60489893
GDP growth is barely over 1% for the last few years while home prices are going up 10% or more each year. The economy is not healthy, but Aussies are living in disneyland.

imagine being so poor you have to rent, I just bought a lakehouse and am going to be enjoying the rest of my summer on my own private beach, something that rentoids will never know.

>>60483932 (OP)
>26
She looks like 35

>>60486241
apples and oranges deranged nigger

>>60483932 (OP)
If your mortgage is expensive enough and your monthly payments low enough, you'll be effectively paying only interest for the first few years. That's the scam many dumb women fall for in their desperation to be a "homeowner" ie good goy for banks.

>>60490053
Whiteoids, our response?

>>60490007
I’m going to turn the house next to you into a rental and exclusively rent it out to blacks and Latinx

>>60490167
>I’m going to turn the house next to you into a rental and exclusively rent it out to blacks and Latinx

>he thinks I can even see my neighbors

lol, rentoid thinking

>could have retired and told boss to eat shit
>instead over pay on sticks and cardboard
>still wageslave
>now have to fuck around up on ladders and mow grass
Fuck fuck fuck
The only upside is I'm near the beach but I can't even enjoy that because I have to work all the time still and my gf only wants to got to $different_beach.
I'm trying to tell myself it'll be my base camp and that I'll get so rich not to care, but I sold all my crypto so at the moment don't have any moonshots or hopium.

>>60483992
Same but maintaining it and paying taxes is still pretty gay.

>>60484016
>tying oneself to a spit of land
I didn't realize this until I bought, it's not the natural state of man. I have never felt more trapped and stressed. Thinking about selling because otherwise I might neck myself.
>you have to maintain this thing that will slowly decompose and you have to pay the state for the privilege

>>60484019
This.

Your misanthropic incel fantasies about everyone losing their home will not come true. House prices will continue to increase at rate that outpaces inflation and you will be left behind. Your rent will be raised forever and ever and eve and the people who bought homes will be the ones raising it.

Yes, it's a scam. Yes, it's rigged...against you.

>>60489544
Your council rates are property tax. If you dont pay them, eventually they will seize the house and sell it

Also, the government can take your property at any point they want if they need to build any kind of public infrastructure on “your” land

>>60490155
Also I think a lot of people just get into more house than they can afford and it's sort of encouraged. You can imagine these people refusing to be more than 30 minutes away from a studio apartment meme city and getting the biggest house they can with their first email job salary, never having heard of front-loading interest.

>>60484037
You should only buy a house you can pay off in five years anyway. The payments aren't actually that much higher. Americans just got scammed into believing that paying compound interest for 30 years is a better deal than paying it for five years.

If you get a 30 year fixed rate mortgage at 7%, you end up paying the bank and additional 140% of interest on top of what you borrowed. If you get a 5 year fixed rate mortgage at 7%, you only pay the bank and additional 19% of interest.

Your payments are 3x what they are on the 30 year, but the loan is paid in 1/6 the amount of time.

In reality, interest rates are lower on shorter loans, so your payment is actually lower than 3x.

Shorter term loans are better with these high interest rates. You should be looking for a way to pay as little interest as possible when you borrow money, because you won't find anything that safely beats these rates right now.

>>60484730
>price directly impacts ownership costs, which is fully funded by rent income. rent = all costs + profits.
Not true THOUGH. Rent + expected capital appreciation covers it. In places people actually want to live, capital appreciation is a larger fraction and rent is smaller. Further, the price of ownership is your landlord's price of ownership, not your price of ownership. Thanks to retarded government-subsidized 30 year fixed rate loans for homowners, your costs of ownership would be 3x what the landlord's are with his 2% interest rate.

>>60489552
Are you subject to eminent domain, police power, or escheat?

If not then I guess you really do own your land, curious about which country allows this

>>60486450
>give up on even renting and start living in vehicles and building yurts in forests
illegal in many countries in the EU

>>60489544
>Not one cunt can take it unless they come by force.
The government has a pretty good force.

>>60490494
>Are you subject to eminent domain, police power, or escheat?
>im scared of all this bullshit so I will rent forever
You’re only free when you have nothing at all.
Gtfo coping faggots.

>>60484019
>>60483932 (OP)
>>60483964
>>60484016
A place to live and raise a family is not an investment vehicle. If you believe that it is, you are unironically jewish and should be killed

>>60483992
You probably inherited it or live in a shithole you fucking faggot

>>60484019
This is assuming home prices go up forever like stocks. I hope both will crash to the ground to prove economics experts like you wrong.

not for the jews, they don't pay goyim morgages they have heter iska

>>60489937
>GDP growth is barely over 1%
Well yeah if you live in a third world country but even then it's not bad to own a house. What else are you going to do with the money?

>>60484407
this

Anyone who thinks housing is still gonna appreciate with these interest rates is retarded

>>60490677
>This is assuming home prices go up forever like stocks.
i mean isnt that true? 2008 housing crash and home prices are better than ever. it could have another crash and no biggie, it will rebound and be worth even more.

>>60492678
Interest rates

>>60492686
Yeah but rent goes up every month. At least you can sell your house and get some money back. You will never get back the money from the rent.

>>60483932 (OP)
>oi m8, I'm australian! Yes of course I took 16 covid vaccines!

>>60490608
We’ll go be Hitler 2.0 and take over the Jews, until then we are stuck in capitalism and I intend to play the game for my benefit and buy homes as investments. Cope and seethe

>>60491364
Im serious when i day dream about converting into judaism to benefit off of shit like this.

>all the shills telling you to buy at the biggest bubble in human history

>>60490608
This.

You need somewhere to live, and you'll pay for it in all cases. Better make it your own in a place you like, if you can !


If you have the cashdown, not buying is stupid.
This thread is unlucky people who got no money trying to cope.

>>60490451 is right.

Rent increase will be madder and madder, unless a lot of people die or something drastic like that. Is this what y'all are banking on ?

>>60490608
This

>>60484019
Scuffed realtor should be mandatory viewing for any 18, 19, and 20 year old.

>>60492794

>Is this what y'all are banking on

A median house mortgage costs more than 100% of my take home pay and I make more than the median wage. People don't seem to understand that 90% of people are locked out of the market entirely.

>>60483932 (OP)
What even is the solution? Besides the lenders wanting to bleed you and those who want to keep house values high, and the local govs wanting to get a cut of the property taxes, what will cause it to go down?

>>60484575
In ten years that same house will be $2.8M, possibly more. Australian real estate is possibly the best investment possible in the western world save for rare cases like NVIDIA and Bitcoin.

I don't get how so many of you retards fuck this up.

>get a good job
>save up for a few years
>buy a house with several bedrooms
>rent them out
>rentcucks are now paying your mortgage
>refinance when rates drop
>rent entire house out to a family or some shit
>they're now paying your mortgage and you have hundreds of thousands in equity
>ready to start again with another house

I know two guys doing this right now, one's on his third house and another just bought a duplex. there's a reason literally every person with money bought real estate as soon as they were able.

but yes I'm sure gambling shitcoins and netting like $5k a year is a smarter investment.
OH WAIT, I'm sure all of you are flipping penny stocks and "timing the market" and staring at candlestick charts for 16 hours a day just to underperform VOO.

>>60493161
Rates are never dropping again, dipshit. Millennials pulled the ZIRP ladder up behind them.

>>60492688
Except rent is literally going down in a lot of places. You people just spout platitudes without looking at the data

>>60493171
all the more reason to buy right now or be priced out of home ownership forever and be a rentcuck for life.
I just put an offer in for a 3 bedroom house near a hospital and a university.

>>60493190
Lol ok dipshit
Have fun with that
I'm gonna keep stacking cash and waiting for the price dump that inevitably comes with higher interest rates

>>60493202
lmfao this nigga thinks he's the only one sitting on a pile of cash waiting for prices to drop
have fun in that market dumbfuck

>>60493190
Best of luck with the house. And you're right, it's only going to get worse from here.
>>60493202
You and everyone else sitting on dry powder since 2022.

>>60493228

I'm seeing a lot of flippers abandoning projects.

>>60493228
>it's only going to get worse from here.
people have been saying "2 more weeks!!" about a housing crash for almost half a decade at this point. it's not gonna happen. the time to buy is now or doom your bloodline to the renter underclass forever.
they've outright stated their goal is a nation of renters and dudes on here think they're going to let houses suddenly become affordable again.

>>60483932 (OP)
>it's a scam!
>puts down 1% on an 800k house at 7.5%
It's usually something along these lines.

>>60483992
you paid hundreds of thousands of dollars to rent it from the government bc if you don’t pay your property taxes (aka federal rent) they will take it

>>60490608
unironically this

Test post because whatever I’m trying to post isn’t working.

>>60493161
Okay, I’ve had to re-write this so many times because something keeps on getting rejected by the spam filter, but
>have good job, was making 150k for a couple of years, now 110k as an apprentice electrician whereupon qualifying I’ll make about 200k
>have 200k saved for a deposit
>don’t have enough borrowing capacity to buy even the cheapest of houses in my area
What would you suggest I do? I could go back to my old job for 150k/year again but my earning capacity would be limited as I had topped out that career stream. I have 4.1 BTC as well - should I be selling that to get a foothold in the housing market so that it doesn’t just continue to rocket away out of reach?

>>60493282
they also never figured out how amortization works and that making quarter lump sum payments towards the principal will reduce your term from 30 years to like 20 or less. there's a reason banks fucking hate when people make extra payments and will make you jump through hoops to do so.

>>60484019
>don’t question it, deal with it goyim!

>>60493305
>in my area
nigga where are you living that 200k down and $110k isn't enough for a house. maybe expand your area.

anyways I can't really give you any advice. it all depends on your risk tolerance. if you're single, young, and have decent income then this is the only time in your life that you'll be able to take any risks.

>>60493402
>nigga where are you living that 200k down and 110k isn't enough for a house. maybe expand your area.
I’m pretty much the meme in the OP webm and I live in Sydney, Australia unfortunately.

Income and savings figures were stated in AUD so they’re not quite as good as they are if they were presumed to be real dollars. Housing here in bad suburbs starts at about 1M. I have a girlfriend and I rent a place with her and her cousin for 800/week, it’s a three bedroom unit apparently worth 1.6M.

A large part of the motivation in starting the apprenticeship was to try and get out of Sydney as my prior job was effectively deadlocked here, but three more years of property growth before I finish up is going to put an even larger gap between actual prices and my affordability.

>>60493426
I know nothing about Australian housing or economy, but at least you realize you'll never out-save house prices. the morons ITT who don't realize it's a moving target they'll never catch are gonna be saving for the next decade waiting for a price drop that's not coming. you at least grasp the urgency of the situation. best of luck and farewell.

>>60493273
who is /they/? houses will still be 6 figures just not as high as they are now. unless what you're talking about is inflationary appreciation, then who gives a shit

i'm buying now, but ready to take a 20-30% haircut in the next few years if not more

wait till the AI layoffs hit baggie

>>60493467
>20-30%
Lol.

>>60486326
retard you don't own the land, the government can still dick you down and take your shit any time they please.

>>60490451
The housing market is never going to outpace the stock market

>>60492957
exactly, and with no new buyers able to enter the market prices cannot be sustained, and WILL correct in some way at some point. It's always different what happens, but something literally has to happen and some mechanism HAS to correct this inflated market.

>>60493698
what's actually happening is we're weeding out the people that can't get married and have kids.

and strangely enough, it's the younger generation males that seem most bothered by this.

>>60489568
if something goes wrong and my retarded landlord won't fix it, there's nothing i can do about it but move. i don't like moving

>>60483992
The broke faggots that do not own outright have no idea how comfy a feeling that is. Even if it’s small, as long as it’s yours it is such an amazing feeling.

>>60493808
>muh shack in the middle of nowhere
Nobody is jealous, cleetus

>>60493754
Are we filtering those who can stay married too? Because most marriages end up in divorce and those kids grow up in disfunctional homes. Society is falling appart and retards like you think this is for the better lmao.

>>60493952
I live in a wealthy suburb of NYC, not a flex, I’m just saying owning your own home outright, no matter the size is comfy. Go be smelly jeet somewhere else.

>>60493698
> some mechanism HAS to correct this inflated market
Yes. You going to live like a Chinese factory worker, or buying a pod.

Market doesn’t owe you shit and unless there is a black swan event, tough luck bucko.

>>60493808
Look at the whole thread its 90% sheer cope.
>b b b b but something might happen so ill just fuck it and pay someone else’s mortgage instead so I’m FWEE
Lmao.
Lmaoo.

>>60483932 (OP)
>ever selling my bitcoin to buy some boomer scam

Nah don't think I will

>>60483932 (OP)
Interest confuses and infuriates dumb wipepo

>>60493808

>being house poor and living on the razor's edge of bankruptcy is comfy

Why are you such a faggot?

>>60493691
You're correct. Your rent is going towards your landlord's portfolio.

>>60484019
With rent you’re free to move. Moving with a mortgage is much harder and more expensive.

>>60490475
S&P 500 has averaged like 15% for the last 15 years but you think American boomers are supposed to pay off their 3% mortgages lol.

>>60492794
It's also a lot of resentment by people who are low wage earners (because college is a scam...) who are effectively priced out of the housing market, barring some black swan. So misanthropic, hate-filled fantasies about the end of the world and gas station scratch-off cryptocurrency is all they have. Meanwhile, the entire civilization they're born into and will die in is rigged in the favor of people who go to college and buy homes as soon as possible, while investing into low-cost, broad-market index funds within tax-advantaged accounts.

>>60494590
yes yes it's all just resentment, surely it has nothing to do with all the economic indicators that say housing has topped and has nowhere to go but down
also, there's definitely no such thing as a rich cosmopolitan renter with a far better lifestyle than the guy with a 150k house in the woods

>>60494577
This. I am able to move easily if I find a job offer somewhere else that pays double what I am earning now. I went from $50k to $120k in a year (with a $20k moving bonus) after I accepted a job offer in another state.

My friends who are mortgage babbies couldn't afford to leave because they would have had to short sell their houses which they bought in 2020.

>>60483932 (OP)
WWIII will bring us back from clown world.

>>60494976
No it won't lol we will all die thank fucking god you all fucking deserve this shit you gullible faggots bumping 1pbitd dead god damn bot threads, hopefully you'll stay as fucking stupid as you are right now so when the big leagues roll in you'll be turned into dog food.

>Takes debt
>Holy shit, I have to pay this back?! Like what the fuck?

I genuinely don't get normoids.
They make these really huge life long decisions and don't even bother to do the most basic research on it.
>I bought a house but I don't own the land, this is a scam!!
I have heard that shit said by multiple people. How can you buy a home without even figuring out whether the land ownership is included?
Maybe it's because people have been so detached from any real life consequences for so long, that they seriously think nothing bad can happen to them.

>>60493691
Unless your rent is more than a mortgage payment for the same place (based on current price, not what the landlord paid 20 years ago) you can make more money in stocks so the idea that if you don't buy now you get locked out is fearmongering that makes idiots buy houses they don't really want (muh housing ladder) to buy better houses later, ironically this probably contributes to the price growth at least at the lower end of the market
If you pay 1k rent and put 1k in the market, due to compounding at 10% (historically; more like 20% lately) instead of 5% you will be substantially richer after 25 years than a mortgagecuck with a 2k monthly payment especially when considering the down payment.
Ofc if you can get an interest only mortgage and put as little as possible down it's even better (you put your money in stocks instead of the house and pay the entire principal off at once) but at least in the UK it seems you can only get those by putting down half the value of the house these days, which eliminates the advantage.

>>60495186
Meant for >>60494556

>>60494590
> low-cost, broad-market index funds within tax-advantaged accounts

Booker tier advice, BTC will out perform index funds for decades yet

>i-its crashing to zero you Nazi

LMAO I’ve heard it all before dweeb

>>60495229
Boomer tier advice*****

>>60493161
>leech from others to save your ass and make some money in the process
I hate this society. I wish all rentist scum eternal suffering.

>>60494713
Even mortgage babbies who can get a better job without leaving their state can get fucked. I went on a date with a girl who led a software group, probably making like $200k. She had bought a house in St. Charles, Illinois but drove into and out of Chicago every day for work, which was 1-1.5 hours each day in each direction. Selling and moving was too inconvenient. Now I too received job offers all over the Chicago area, and I simply moved as I accepted them.

>>60495019
The world makes a lot more sense once you realize about 85% of people are retarded and incapable of taking care of themselves. Each of the following is a fucking awful decision yet normalfags line up daily to do them.
>obesity
>nicotine addiction
>other assorted addictions
>not lifting
>unnecessary student loans
>enormous consumer debt

>>60495019
to be fair the way the amortization schedule works with mortgages is especially jewy, and lots of innocent people are understandably surprised by it

>>60495277
I can’t find a single bedroom house for much less than a larger house would cost, it makes more sense to just buy the larger house, and the income from renters offsets both the mortgage and utilities payments. I end up paying less for a larger house in a better area.
Don’t get mad at me just because I kept my head down and saved long enough for a deposit, cuck. Rent’s due on the first.

>>60495361
>Equal-dollar payments over the lifetime of the loan are Jewy
Seems much better than having to get a shit-tier house because you can barely afford the equal-principal payments at the start of the loan when the payments are the highest and your earnings are the lowest they'll be for the next 30 years. Of course government-subsidized 30-year fixed-rate mortgages are the reason we're in this current mess.

>>60495755
>I leveraged my entire economic situation to take my shot at standing on the lowest rung of the parasite ladder.
I would say Godspeed to you, anon, but I think your culture finds that kind of thing offensive.

>>60490608
Real estate is the best investment vehicle. It has the best returns, the best stability, and the best growth potential.
You're a literal retard rentoid. There is only value in ownership. It may be a rough mortgage to attain it, but as a rentoid you're only providing value to your property owner.
Instead of bashing people who jump headfirst into rough mortgage situations, you should learn from their mistakes. You will want land. You will get sick of apartments; if you don't, it's a clear sign that you're garbage as well. All rental buildings are disgusting and all landlords simply hide the mess while you pay them.

Being a rentoid is submitting to the man, relinquishing control of your life, evaporating your hard earned money, and continuing/starting a hereditary cycle of being a broke loser. If that's what you want, so be it, but don't project the flaws of your approach onto the path of success. Instead, you should plan early. Accept that a future-you may want that freedom which comes with land ownership, and start saving now. It won't get cheaper, as I've already mentioned real estate is the best investment vehicle, so you'd better just start. If it turns out, way down the line, that you're willing to live in a dump forever: then congratulations you can spend these savings on a life of faux luxury for yourself and your family.

You, simply, cannot pretend to be a competent investor if you bash real estate as an investment vehicle. Summer fags always bring the retard-level public education to the mix. You were born with a human brain, use it!

>>60495755
I have enough money to buy land, build on it and rent to 10 families if I wanted to. but you know what? I won't do that shit because I'm not a leech.
hell, maybe I should... but rent to them at cost so that I'd only recover whatever I lose from use, only to undercut leeches like you and other rentist scum.

>>60495806
You would unironically probably be stopped by neighboring parasites via permits, not renting to enough shitskins, bullshit tax/subsidy burdens, etc.

>>60495777
>y-you can’t use your money how you want!! You have to follow MY morals!!
Lmao, have fun being left behind cuck.

>>60495806
>uhhh I’m actually rich I COULD do all these things I just uhhhh don’t want to because I’m too good of a person!!
Uh huh, sure. We all believe you.

>>60495786
>Real estate is the best investment vehicle. It has the best returns, the best stability, and the best growth potential.
It has been due to artificially high population growth. Once welfare gibs get cut jobs go down immigrants will go away. Boomers will also keep dying and freeing up more real state. It is foolish to think real estate will remain a good investment in the next 20 to 30 years. The future is robotics and AI to replace human capital. Nations with small and stable populations will dominate.

>>60490608
Based.

>>60495817
and I could use the same tools against them.

>>60495820
I'm not rich, I make enough money to live in a cheap area and save. I do not expose myself to rentist scum like you. I'm not american either (thank whatever gods exist).
I hope you get hanged mussolini style one day.

>>60495820
Your persistence in calling your detractors cuckolds leads me to believe you may actually be Jewish. I understand your resentment. Your God still loves you and wants to forgive you, even though your people have rejected him, denied all but His blessings, and continue to worship false idols. Such unconditional love may appear like cuckoldry to someone too depraved to understand it, but it is always there waiting for you.

>>60494556
Okay good for him, so his wealth is growing slower than mine because im getting 10% -2% rent a year where he is getting 2% rent + 2-3% property appropriation, so I'm earning 8% dcaing automatically every month while he's earning 5% and has to WORK as a landlord. Good job putting it so clearly that being a landlord is a scam.

>>60489406
i inhereited house money but remain unemployed for 6 years and spent it on rent and weed.
pretty stupid honestly, some days i want to kms.

>>60495865
>>60495871
The eternal asspain of the rentcuck is glorious.

>>60494499
Huh? You’re a goddam retard faggot.

>>60483964
imagine going to the bank and being like "yeah I want the dead pledge" and then signing the papers

It's only a scam if you got fleeced into a high interest rate mortgage in a falling demand area.

>>60483932 (OP)
>mortgage
You don't own it then.
But then again, if state makes you pay taxes on your property your a serf anyway, just only to the State, not to the bank or landlord.

>>60495949
I also went to rehab and started going to church so maybe try that.

>>60489544
waow so cool anyway we're building a highway and a walmart through your property so youre taking market value right now or you can fight the feds
>inb4 the "owned land" is in the middle of buttfuck nowhere

>>60483932 (OP)
Taking a mortgage by yourself is fucking retarded. You need to be a working couple and preferably in different industries.
>>60490665
He is very likely both, judging his posts.
>>60494976
WWII is the root cause of this clown world. After WWIII is over they will import even more browns to compensate for the lack of able bodied men.

>>60496210
Property tax is a fucking scam. I got to the point where I have my own homestead and pay very little in tax but it's still THEFT.

>>60484019
yeah, or u could just buy bitcoin

>>60492811
https://litter.catbox.moe/msx0c53idc9agnn1.mp4

>>60485360
Based vagabond.

>>60489545
>Pay 500 in mortgage
For a cardboard box in the hood. congrats.

homes are for the rich now

>>60493219
lmfao this nigga thinks we're saving up to buy property in the US. I will NEVER buy your bags.

how is the US housing market going to go up forever when no one is having kids anymore?

>mortgages are a scam!
>i wont fall for it!
>ill beat the system! i will rent!

.... which is paying someone else's mortgage.


>>60495880
cope harder. you will need all that money and a lot more after your rent rises 10% a year for 40 years.

>>60496081
LOLOLOL

>>60497530
>.... which is paying someone else's mortgage.
you think rent prices cover a mortgage monthly?
lmaooo

the scam is that you think you own your home when you have a mortgage

>>60497522
It won't
That's why they need browns to move in and buy houses

>>60483932 (OP)
You cannot actually own land unless you have a standing army ready to defend it, so yes.

>>60484019
You'll pay for that mortgage with your blood once the state drafts you into a war to protect its interests. Any tax avoidance is also out of the question with how you're giving the state a single point of surveillance and capture.

>>60483932 (OP)
>Not mortgaging your house and investing it all in MSTR
ngmi

>>60484019
A banker wrote this

>>60484019
>houses do not depreciate in value
moishe plz
if it was free money you would not lend it, you'd build the houses yourself

>>60497592
yeah thats what these retards dont get
you can't just go take out a 7% mortgage and charge rent for that + profit
you would be charging more than your competition and will get no tenants

>mortgage
lol, did your grandparents and parents not work? You’re supposed to just inherit their house when they pass and use the money on a second property that you rent outright to pay for all your and the other houses expenses

>>60498014
I'll inherit a third of a house when my parents die in 30 years. I'll be 60. How is that helpful?

>>60483992
Lol, try not paying or keeping up the paperwork on the house/land and see what happens.

>>60497653
Based

>>60493318
They solved this by charging you the interest on the extra payments as well.

>>60498427
now, they'll still allow you to make payments directly to the principal they just make you fill out paper forms and mail them in and then go and make the payment in person. they make it as hard as possible but it's still doable.

>>60498212
millennials would have you just keep postponing your life and waiting and saving while your youth passes you by to avoid any kind of risk. fucking pussies.

>>60498434
>fill out paper forms and mail them in
Who the fuck still does this?
It's all online or through the kiosk.

>>60498451
Like I just said, their goal is to make it as hard as possible to pay directly to your principal which is why they put as many hurdles in the way as they could.

>>60498402
This is such a bizarre argument,
>Lol, try not paying rent and see what happens
Who the fuck says this?
Also, what fucking paperwork do you think there is? You get a bill once a year and then you mail town hall a check, or if you live in a larger area, you just do it online.

>>60498494
Stop making shit up. There's no paper forms, its "type the number in the box" when you set up automatic payments.

The cope of the eternal rentoid is a sight to behold

>>60494170
this level of smugness was everyones attitude in 2008 as well lmfao

>>60497159
>that's my secret, cap...i'm always angry
admirable rage here. wish i could get that pissed about anything.

>>60498434
lol you can't just say "make my payments go only to principal please"

Owning a home is a scam if youre a lonely loser with no kids.

>>60497982
Maintenance is also a major part of being a landlord. My landlord had to replace my roof due to wind and hail damage. I saw the estimate, it was $14k. It has some weird pitching to it which makes it more expensive to replace than a typical roof. She also had to replace my dishwasher after the old one caught on fire, one of the front doors, which was a $4k replacement (it's a double door-- cathedral style I think) and the carpet is due to be replaced because it's the original carpet from when the house was built 30 years ago.

I'm paying $2k a month for the house, it's 2000 sq ft, and I live less than a mile from everything I need. My specialist doctors are less than 5 miles away. The neighborhood is mostly upper middle class white families. It's not a bad deal. If I had to take care of the maintenance myself, I'd be in the trenches.

>>60495317
I knew several people who lived that way too. I could not fathom spending at least 4 hours of my day commuting. Not only does it dramatically increase wear on your vehicle, but it would have to expedite your personal descent into madness as you idle behind the assholes that you have to share the road with.

>>60495823
This is true but region dependent. We'll see rural areas continue to absolutely hemmorage population in the next few years for sure. Old boomers dying off, no good jobs, no services, cuts to Medicaid literally just killing poors off, cuts to public health services too, no childcare, etc. Houses in the middle of nowhere will indeed become worthlessly cheap in the medium and long term.

Urbanization will continue and suburbs will be slowly gobbled up by high density urban housing and muh walkable cities. This is a good thing and represents the most efficient form of communal living for developed economies. Urban property will continue to see dramatic rises in value even in the face of population stagnation globally as people move from rural or thirdie shitholes to the big cities.

>>60483932 (OP)
Whether or not you buy or rent depends on a lot of factors and isn't a blanket good/bad thing. If you INVEST the money that you WOULD have spent on a house--which includes property taxes, maintamence, downpayment, interest, etc--there is a good chance that your rate of growth on the stocks minus rent payments is > growth of value of the house minus expenses. The main benefit of renting is mobility imo--I've moved 3 times in the last 6 years and each time has improved my career and life. Most renties are xoping tho.

>>60495823
>Nations with small and stable populations will dominate.
interesting theory
yeah im pretty sure US real estate is just gonna stagnant / slowly decline. kind of like japan

you should all be debtmaxxing, it's clear that fiat currency is dying soon and when it does everything you bought with debt will become basically free, so I will be living in my house that I paid off with a single silver coin while rentoids will still be stuck paying $100,000 a month with their devalued dollars.

>>60484034
Even if they take a loss they still beat the renter on a 30 year timeline. I remember that, as a renter, you are also paying for your landlord's poor investments.

>>60484407
What I often tell people and what I think is misunderstood is that buying a home is not an investment. It is a lifestyle choice. But that choice comes with potential pros and cons.

At the end of the day, you have to live somewhere. If your mobility is important to you, then renting is worth it. If you think that you can live in the same location for thirty years, buying is worth it.

Save for a few short years, I have lived in the same neighborhood since I was six years old. Renting makes no sense to someone like me because I will likely be in this town for another 60 years.

>>60500481

On the other side of that buying a home that takes 70% of your monthly income because housing "only goes up" is a bad idea. That's why the housing market is frozen right now.

>>60500481
>At the end of the day, you have to live somewhere. If your mobility is important to you, then renting is worth it. If you think that you can live in the same location for thirty years, buying is worth it.

I don't know about 30 years, but yeah if you are planning on staying for 5+ years in one place it's usually worth it.

For example, I bought my first house in 2015 for 200k, I just sold it last month in under a week with multiple offers for $500K, I am now under contract for a $600k lake house which I can only afford because I can put $300K down thanks to selling my first house. I also plan on staying in the new lake house for 10+ years and don't even care if house prices crash since I got so much out of selling my house that I have a huge buffer.

bump

>>60500675
The average price of Bitcoin in 2015 was $272 (if you DCA’d 365 days of 2015)

That’s 735 Bitcoin, or $77,205,882 at current price of this post

>>60500675
The average price of Bitcoin in 2015 was $272

If you DCA’d $200,000 over 365 days ($547 per day) in 2015

That’s 735 Bitcoin, or $77,205,882 at current price of this post

sitting in my paid off house running the central AC with a bonus fan blowing even more cold air on me as I kek at the rentoid faggots itt

inb4 muh property taxes, I pay $600 a year on those -- literally couch cushion money

>>60500860
yeah and the average price of a lottery ticket is $1, that argument is stupid and only works if you can see the future

Any experiences with buying / owning townhomes? The cheaper listing prices look enticing and I can buy in cash.
But the HOA prices are like $400/mo just to cut grass and shovel snow. Makes me feel like I'd be paying rent.

>>60500644
this. it's not a good value proposition at all unless you can buy in cash or at least put down like 70% or so

>>60500949
Don't do it. All the disadvantages of apartment life(shared walls, noise, proximity to neighbors, lack of privacy) and none of the benefits (you are responsible for maintenance/hoa fees)

>>60483932 (OP)
>rent a place? you cuck!
>own a place? you cuck!
What the fuck do you assholes want me to do then???

>>60501496
fastman obviously

>>60501496
cavemaxxing

>>60500959
Putting down more than the minimum that lets you afford the monthly payment is a bad idea because the stock market will grow 2-5x faster than the appreciation of your house. Use an interest only mortgage to get the monthly down, put down as little as you can, and after 25-30 years you sell assets to pay off the mortgage. You still end up with a paid off house but you have more investments so you will be richer.
The mortgage is the asset because it allows you to buy better investments while still owning a home.

>>60490451
You moron do realize you can rip off your tenants only so far until they get to your doorstep and murder you? Or do you believe your skin is somehow bulletproof?

>>60501496
live with parents forever it seems

>>60503549
>forced to move out for degree

>>60483992
Daddy Government could decide to swipe that shit from under you at any time.

How to come to terms with the fact that you will never upgrade from an apartment? That you will fall asleep (or try) to the sound of your neighbors laughing and shouting for the rest of your life?

>>60501485
I knew a guy who did that years ago. Had to shell out thousands whenever the building owners decided to do any work to the outside of the thing.

Taking on a mortgage at current prices and rates is not a great move. My rent is about half of mortgaging an equivalent place in the area. I really dont get the obsession with "owning" (taking on a 30 year loan) a house. Paying cash and buying outright I understand a bit more but thats a shitload of money to tie up in a pile of wood and windows

>>60483932 (OP)
>mortage
>owning
Are you mentally retarded? This is on the level of "My husband's son" , "My husband's daughter." "I rented this Ferrari for 1 day so technically I own a Ferrari"

So i did the math recently and honestly i don't even see that big of a profit as a landlord. I live in central-ish london and pay 1.9k rent for a 1 bed apartment.

I could instead buy it, but that would be 350k. With 20% down i'd have a 1.1k mortgage. But, on top of that you pay service charge for 500/mo + leasehold + rental agent's fees. Which ends up being close to the original 1900 rent I already pay. And that's not counting the various maintenance and repair costs that come up basically every year.

Yeah, you can say that you basically get someone to pay your mortgage for you and you break even. In 30 years you will have that house paid off 'for free' (assuming most optimistic scenario of nobody really fucking up the apartment real bad) BUT wouldn't that 70k down have made you a bigger profit had you just put it into the S&P, with less risk too?

>>60503873

Beats being homeless from losing a house I couldn't afford.

>>60492688
2 years ago i signed a 3 year rental agreement, thinking that rents will explode with covid over. Looking at the market today, they have barely budged, maybe 100/mo more expensive than 2 years ago.

>>60502791
good advice if we were dealing with near 0 interest rates but we aren't anymore

>>60490608
Not for yourself but letting people use your assets for that purpose is.

>>60498437
>millennials
My boomer dad used to spout the same shit, and he only has a house at 70 because his dad finally died at 93. His portfolio isn't worth shit because he never did any research or took any risks. He passed on good beach side real estate he'll never be able to afford now.

If you forego property ownership for investments, you need to actually track your performance and adjust course if it looks like you're wrong. Don't just assume your index fund is going to outrun international jewery because you saw a chart in some news article.

>>60500949
It's only a good deal if you're retired and want to spend time tracking HOA affairs to make sure they're not misusing all that money. A new complex needs to build savings for future repairs, and old fuckers who don't plan to live another 10 years are going to wanna blow it on dumb stuff right now. I used to rent a place where the HOA board straight embezzled the repair fund for group vacations and my landlord had to sell the place after he got hit with 2x ~15k special assessments in 2 years.

>>60505163
You don't make money in property from renting, you make money from appreciation.

>>60501496
quit deciding how to live your life based on 4chan posts. jfc

>>60501485
>All the disadvantages of apartment life(shared walls, noise, proximity to neighbors, lack of privacy)

Americans should try building buildings of bricks and not of paper. I haver never in my life heard anything from my neighbours,

>>60506053
All you need is a thick vinyl sheet free hanging inside the wall, but some builders just slap shit up as cheap as possible. Fact is you'd be building stick houses in your country too if your incompetent forebears hadn't destroyed all the forests.

>>60490451
>this asset bubble will always go up and never go down
>JAPAN DOESNT COUNT OK??? NEITHER DOES 2008 O ALGO
delusion was years ago, we’re well into the bull trap

>>60505990
And you seriously believe that 1 bedroom apartments will go up to let's say 500k anytime soon? Who is going to afford this

>>60490608
unironically this

I hate owning a home. Renting unironically feels better.
You can treat a rental like shit and not care. When you own a home you have to care about every scratch.
Yeah houses appreciate, but when you rent you can just plow all your spare money into stocks and do fine.

>>60483932 (OP)
Yup.

>>60506106
Huh, 2008?
Zoom out. If you bought the pico top of 2008 and held you would be absolutely fine.
The main issue was people lost their jobs as well and could make their payments.

I really don't understand why people don't know that buying a rental in a highly residential area is the most economical thing you can buy on leverage, if you can, seeing as the interest for mortgages in some countries is around 2 percent.
Just do a rudimentary DCF analysis over the next twenty years and see for yourself that you're getting a 5-7 percent growth even if the price of your property falls to zero.

Stocks are better for younger people since they can own the risk and the growth is bigger, but what is not understood here is that you can't get a 2 percent leverage for investing into stocks. Instead you're left to your own cash assets to invest.
Most people I know don't buy rentals on mortgage because they have too poor salaries to even qualify for a cheap loan, and they can't get a big enough to buy a one or two unit rental.
As a private entity this the only thing which makes somewhat sense to buy on leverage.
As a legal entity is another story.

>>60506526
I bought a 90 sq M apartment which was supposed to have a dual use for me, for living if I want and renting if I'm not there, and since I bought it a few years ago the same 3-member family is living there and paying me rent, which covers the whole of my annuity.
I can't sell it because of the mortgage, it's not liquid, but there is no mortgage for me since I don't pay shit.

>>60506526
And as a sidenote, you can only do this until you're like 45, since no bank is gonna give you a private citizen loan for a house after that.

don't worry most of us will never be able to afford a house to realise it is a scam

>>60506502
>Zoom out. If you bought the pico top of 2008 and held you would be absolutely fine.
in reality, it was extremely hard to "hold" due to the economic conditions i.e. losing your income
same exact thing can happen again

>>60506914
That's a totally separate issue. If you can't afford to build up 6-12 months of expenses in cash savings while paying off your mortgage, you can't afford that mortgage.

>>60506939
and yet, people are getting those mortgages without such savings
almost as if a crash could be coming

>>60484006
How am I suppossed to life without hearing my neighbours sex sounds?

>>60507002
You can't have a proper crash without a healthy bond market. Bonds are fucked rn, so Black Rock and Vanguard will always step in to buy the dip for fixed, or at least reliable income assets. They'll get the government to buy houses for (((affordable housing))) initiatives and pay niggers to burn down excess inventory down before they let prices fall anywhere near 3x median income.

>>60493161
can't do that in my country, squatters have more rights than owners and third worlders are imported like their weight was worth gold

>>60483942
this. do the opposite of retards.

>>60503838
They don't just take houses or land you retard, they pay you, and if you don't like the price you can hire a real estate lawyer to convince them to pay more.

real estate, for the most part, is a shitty investment whether commerical or residential. The only real value in real estate is the fact that it is the best collateral to borrow against and you can get incredibly favorable leverage and terms. This is why levered returns on real estate CAN be good but they come with risk, and unlevered it sucks balls entirely

buying a home is more a personal decision than a financial one. both rents and prices set by powers of supply and demand but different drivers for both, not a perfect arbitrage - sometimes renting can > buying in given areas

>>60490603
So... you admit you dont own your land?

>>60483992
You don't own your house the Jew government does
Try expanding it or making your house taller and they'll stop you and fine you bitch

>r-r-real estate is at the top of the bubble!
The cope of the twentoid for 40 years now. Even when an American residential real estate bubble was the epicenter of global economic collapse, prices declined what, 30% over 5 years?
Get in as soon as you can make a down payment or seethe here about being oppressed forever. The worst case scenario is that you have sex while an asset underperforms, instead of growing ever more bizarre and disgusting bacterial cultures in whatever hole your parents let you occupy.

>>60508164
>just sue the government goy
That's not going to end well unless you're in the 9+ club. Imminent domain is the 3rd biggest tell the US government has no legitimacy.

>>60508499
>ACK

>>60506502
the situation is arguably worse now, due to Ai kicking off another round of layoffs. also that whole DOGE fiasco resulted in layoffs of fed workers.
https://layoffs.fyi/

we are still at the peak of a bubble so of course many such as yourself are confident that current good times will continue.

>>60508918
also tel aviv is a fairly significant tech hub, and they are gettin rocked right now. another thing that wasn't happening in 2008. lastly, the nation is much more divided now due to identity politics and trump derangement. the tarrifs are also being blamed by retailers as a reason for lower outlook.

watch vegas closely. many vids claiming that tourism to vegas is down, but then you look at actual vids inside casinos and it looks normal. so yeah we might be in the early stages. also makes sense why they would want to kick off another war in mideast, that's what saved the US in 2001 and gave us an extra 7 years boost before the GFC happened.

>>60497522
We will have 4 billion apefricans by the end of the century. Dont worry.

>>60508231
HOLY TWO DECADES OLD ADVICE BATMAN!

>>60483986
Umm akshully we need more immigrants not less. There is a housing shortage because we do not have enough skilled workers to build them quickly enough to support our rapidly increasing population, and the only way to solve that is to invite them in from overseas

>>60484730
You do not account for population decline/ Low birthrates and the population getting older and being able to make less money. Into the problem with mass migration and the rise of far-right parties. (not that these migrants could afford houses either.) Buying a house as an investment is retarded. You should only buy if you are absolutely sure you will spend your life there or stay with your parents/GF and share a house until then.

>>60483932 (OP)
from the age of 20 to 30 you should live in a van.
from 30 to 40 mobile home.
40 to 50 apartment.
50 to 60 starter home
60 to 70 middle class cul de sac home
70 to 80 nursing home
80 to 90 dead and living in hell for eternity

>>60510404
0-10 dad's house
10-17 with mom at diff apartments
17-20 at grampa's house mostly alone living the degenerate life
20-29 dad's house
30+ literal cave
the cave beats everything else so far

>>60510116
I should add to this that Centrums/ Big cities will likely keep their prices or even keep rising but small/moderate cities and villages will be stagnant and then start droping. I see it in my city in the last 4 years; it did go from 51,250 people to 48,750. The younger people are Trying to get into the capital and the older people are slowly dying. The housing prices remained mostly the same but if i check the catalog, you can see certain flats/apartments and houses being stuck there for eternity and some on discount. But who exactly will buy them? And why would anyone invest in a city that has a lower and lower population?

>>60509984
Right, because the standard of living was so bad in the 90s and 00s... More people will definitely fix decades of clueless government planning.

>>60510835
yes there will be a few popular locations that will retain price, namely around LA and NYC.
everywhere else will dump

>>60510910
also maybe seattle

>>60483964
>That's why it's called a mortgage. You commit to it until you die
It means you commit to it until the debt is dead. Hence 'pledge'

>>60511168
You commit to it until either the debt is dead or you are. Whichever comes second

>>60509945
what part of what I said no longer applies today?

>>60508164
you should know by now that the average moron on /biz/ has zero idea what they're talking about ever.
I'm working on a huge state project right now that involves acquiring a shitton of land and it's been a battle for almost a decade trying to convince people to sell their land to us. anyone who thinks the government can just "take" your land is a fucking retard who's never dealt with either side of it.

>>60483932 (OP)

>>60513125
>a rich person
>160k over 22 years
>$600/mo average
Maybe she should be upset she was a whore for 22 years and somehow never got paid.

>>60513120
>weaponization of global finance rails
>outright theft of foreign national's private property
>bail-ins
>de-banking
you really don't know what's going on or with whom you're dealing, do you?
if you've somehow come away from all that with the idea that the social contract has a time-horizon greater than four years, then you're a fucking retard.

>>60513120
That just means nobody who matters gives a shit about your gay project. See here
https://www.purdybailey.com/blog/2020/january/5-famous-cases-of-eminent-domain-abuse/
>In the mid-90s, a widow inherited her husband’s commercial building in Las Vegas
>the city claimed the area was blighted (i.e. poorly maintained) to justify its use of eminent domain
>despite the fact that no one was actually sent to evaluate the area or building
>The woman lost her property because she failed to attend a hearing she didn’t know about
That's what it looks like when someone in power wants your land. They just hold a hearing without notifying you and take it.

>>60513194
You expect an 8 year old to get paid? Maybe in lollipops.

>>60513194
this board is populated by mental midgets
complete fucking retards

>>60483932 (OP)
How do threads like this get hijacked by homosexuals an d communists that try to discourage people from owning homes and controlling their own destinies? This is one of the biggest psyops of our time.
Just make a good down payment, and pay whatever extra payment you can stand and it will buy you an asset with an increasing value.
Tell fags to fuck off.

>>60503107
Id like to see you try it you edgy retard. I have cameras and more expensive guns than you. Step on my property with any ill intent and your head is vaporized before you even get a chance to start your autistic commie faggot monologue

>>60483992
>i didn't re-finance and take advantage of free money in 2021

lol