When is it the right financial move to buy a house?

>age
>networth
>income

>>60516382 (OP)
the redditor has a prius also wtf is wrong with his hand

>>60516384
If i say it the jannies will have a severe clitty leakage
Let's just say he loves the lakers

>>60516384
The hand looks sus indeed. Top signal

>>60516382 (OP)
why would he pay 31 million for that

>>60516384
what's wrong with the prius?

>>60516384
Hard working Kenyan immigrant fulfilling his American Dream.

>>60516382 (OP)
That house is pretty bad for 500k
>No garage
>Almost no space between neighbors houses
>Bare minimum flip with trendy paint colors and fixtures that wont hold up. You can smell the musty carpets in the picture.
>Postage stamp sized backyard that looks like a barren wasteland
>The realtor used pictures of the trendy gentrified shit nearby in the ad

>>60516382 (OP)
N

>>60516384
Prius are peak /biz/ just like the Civic and Rav4

>>60516382 (OP)
Why would he pay 38,384 link tokens for that?

>>60516382 (OP)
goddamn black skin is so ugly

>>60516382 (OP)
500k to live like a brokie in the boondocks...the world is cooked

>>60516507
not much if you enjoy wearing a chastity belt.

He put 25k down on a 500k house? Feels 2008y.

>>60516507
>>60516642
i dont care if it gets 1000 mpg youd still look like a giant pussy driving one

>>60516384
Looks like he might be a mechanic and got really greasy at work and then just wiped his palms on some paper towels. Dude must be a hard worker.

>>60516685
nuh uh he clearly will have no problem paying off that loan whatsoever

Note: this is when houses were cheaper
Note 2: Do this when houses are cheaper

>>60516798
It's ok anon the prius isn't ugly anymore they fixed it

>>60516382 (OP)
>500k for that
KEK

>>60516382 (OP)
>buy a house
you can squat a propriety and then claim it
it's called adverse possession

>>60516382 (OP)
Yeah, posts like these make me realize I'm genuinely rich compared to the average person.

>>60516382 (OP)
When:
- you have no debt
- you have 6-12 months of expenses in savings
- you can commit 1/3 of your income to the mortgage and home upkeep

>>60516498
31 year old male lol

>>60516382 (OP)
>499k for that shithole
>Brown hands

Someone going to tell this negro he’s getting raped?

>>60516382 (OP)
https://www.zillow.com/homedetails/2042-Jamaica-St-Aurora-CO-80010/13020907_zpid/

While this basketball American made a terrible financial decision, the previous owner (single mormon woman) was even worse, she bought it in 2022 for 530k and sold it to him for 500k

>>60517553
The fact that any property in aurora is still selling for more than $0 is a fucking miracle. It needs to be nuked from orbit

>>60516382 (OP)
How does 5% from 31m amount to $499k exactly?

>>60516511
Welcome to Colorado, suicide is the fastest way out

>>60516382 (OP)
It depends.

What's your net worth? How much are you going to put down? How much of your monthly income would be going towards servicing this mortgage? Are you single or are you splitting expenses with someone? Are interest rates/prices high or low right now?

I would say most people cannot reasonably buy a house until their mid-late thirties. If you have a good job and save a lot, you can accomplish it by your early thirties. It's unlikely that you will be in a good position to purchase a house in your twenties unless you get lucky, but even then, wanting to be tied down to a house in your twenties vs renting is up to personal preference. There is some advantage to being able to move around early in your career.

>>60516382 (OP)
Buildings with only one floor are NOT real houses.
500k for this shed must be a joke.

>>60516798
who the fuck cares

>>60516382 (OP)
Why are 99% of posts in that subreddit are from blacks?

>>60516798
>draining your savings to own the libs
isygywygikly

>>60516382 (OP)
>When is it the right financial move to buy a house?
When you can settle down.

>>60516382 (OP)
Redditors are buying the top.

>>60516382 (OP)
If you can afford a 10% down payment and your mortgage payment is a third of your monthly income.

>>60517562
A lot of Colorado's properties are built for the /out/doorsy people, because they'll make you want to stay outside the house.

>>60516798
>youd still look like a giant pussy driving one
Incorrect. You're so incognito that you won't even be paid enough attention to even be thought of. The Prius radiates a psychic null field that makes people not pay attention to you.

>>60516511
>The realtor used pictures of the trendy gentrified shit nearby in the ad
That one always pisses me off kek. Another red flag is when the first picture isn't of the front of the house. Then you know something is wrong.

>>60516511
>electric service entrance so low you cant even build a covered porch
>emt conduit all over the place
>ac unit on the roof
wtf kind of house is this?? how bad is the crime there you gotta elevate the ac unit to keep it from getting stolen?

>>60516382 (OP)
>When is it the right financial move to buy a house?
it can be a good diversification strategy if your net worth is more than 7 million dollars, but other than that it is never the right financial move to buy a house

>>60516382 (OP)
give it back, jamal

>>60516382 (OP)
>POV: you just jacked a Prius and now you're about to jack someone's house

I’m 29, have 200k saved for a down payment, and I make about 110k/year with the potential to be just shy of 200k/year in about three years. If houses are minimum $1M where I live, how fucked am I?

>>60517562
>Welcome to Colorado, suicide is the fastest way out
It's funny I could guess it'd denver metro (sort of) just by price tag, distance to neighbors and pathetic yard lol

>>60517557
>The fact that any property in aurora is still selling for more than $0 is a fucking miracle. It needs to be nuked from orbit
That bad over in aurora?
I figure a ton of Colorado is boomers trading houses, expanding their portfolio with funds from rentals, and the occasional solo $300k/yr guy like me + some couples on normie leverage

>>60521579
>If houses are minimum $1M where I live, how fucked am I?
Are you in your mid to late 20s? Might be ok, especially if you can get a gf earning half as much or more.

Over 30 by much? It doesnt look like it's working out for you. Look into moving

>>60520815
>Why are 99% of posts in that subreddit are from blacks?
I'd imagine because housing has been topping. The final purchasers will be particularly gullible, desperate, manipulated, etc

They've had to push "buy a house now before it's too late forever!!!" Propaganda for 2-4 years now. Buyers are running dry but people like OP will still show up with a niggerishly low down payment, after a small price cut, to keep the ball sort of rolling .

Just imagine seeing price go from 530k to 500k and thinking it's time to 20x leverage it.

>>60521634
I’m 29, gf is 30 and she makes an additional 80k or so.

By the numbers we can technically afford it, but I feel deeply uncomfortable having a mortgage over 800k. I used to make 150k-ish but ironically I’ve taken a pay cut to upskill so I can get out of areas where properties start in the seven figure range.

>>60516382 (OP)
This is proof the curse of ham is real and black skin is a punishment from God

>>60521644
I've felt the same way as you, especially as a tech worker. No way I was going to take on a huge debt even if my present income could afford it. Could just as easily get rugpulled on the whole thing.

I'm lucky I'm worth $1.2M now and will have the full $, but there's a reason I didn't do something like $150k down on 900k house

>>60516382 (OP)
500k for this brick shithouse

>>60521732
>500k for this brick shithouse
Pull up denver metro on zillow and scratch for house , <= 400k, > 650sqft

Challenge mode: 2 bath+

I agree that the pricing is bonkers though. Colorado whites from older gens are real estate rich af

>>60516382 (OP)
I was about to make an offer on a $300k 3bd2ba house in a city closer to my job. but I backed out when I realized my monthly payment would be over half my monthly net, plus I can't be sure I won't be underwater next year.

>mfw have office job on a construction project that's wrapping up next year
>I'm either going to be laid off or, if I'm kept, moved to a different project probably in a different state

Then you go on first time home buyers reddit and see a 22 year old female putting 20% down on a 500k house and you're like fucking how.
I feel the window to buy a house is closing more and more every day and the longer I wait the less chance I have of escaping permanent rentcuckdom. but it's too uncertain.

>>60521775
I think entering in the next 1-3 years would be appropriate for you

>>60521732
texans would pay that much for paper houses.

>>60521793
entering what

I'm likely going to be laid off in January when my project concludes. I had a horrible time finding work last time I was unemployed, it took me 3 months of applying before I got a single interview and 5 total before I got an offer. Of course now my resume looks a little better but I'm not expecting the job market to have improved since I was in it 2 years ago. If anything AI has probably made it a million times worse.

>>60521815
Entering a house, but maybe first also try to get into a company that has steady platform work or ongoing business rather than project done -> you get laid off and left holding the bag.

>>60521775
>22 year old female putting 20% down on a 500k house and you're like fucking how.
help from their parents is how, no recent grad can realistically have that much cash on-hand

>>60516382 (OP)
I can fucking guarantee you in 10 years he still only owns 5% of the house because most if not all of his payments will go to interest. imagine paying/working 10 years for something and after all that time you literally have nothing to show for.

>>60516382 (OP)
This gen is absolutely raped, my parents bought a literal mansion on 2 low paying jobs for 190k. We all got fucked.

there is exactly 1 situation in which it makes any sort of sense to rent. that is when you know will be moving soon, like you're a student somewhere or have a contract job. otherwise you're just paying someone else's costs and mortgages. why not pocket the equity?

t. slumlord. idiots pay all my costs while i collect a monthly check

>>60522706
dont you have to pay for repairs, deal with missed payments (I am sure not everyone pays in time), risk of renters fucking up your property, pay for insurance, pay taxes etc? it cant be just "free money".

>>60516384
Nigger

>>60522607
In my country you can pause payments on the principal so you only pay interest. That means you can save yourself some housing costs but you'll still only own 5% of the house.
However this is extremely good because you still get 100% of the profits from rising house prices that are 5% per year despite only owning 5%

I'll buy a house after the market crash

>>60521579
There's zero reason to buy post-2022, just rent and invest your cash

>>60516382 (OP)
>sell a gorilla the equivalent of a 500k payday loan
>???
>profit

>>60516382 (OP)
In many cases: Never. You’ll have more if you rent a similar object and invest the rest in a world ETF.

>>60516798
gas guzzling retard who drives a f150 to own the libs. stupid fuck

>>60522723
>However this is extremely good because you still get 100% of the profits from rising house prices that are 5% per year despite only owning 5%
Extremely good unless housing actually tops out and you've leverage loaned an overvalued asset

>>60525731
Housing is undervalued relative to money supply.

>>60516511
The conduit work looks clean except for the fact that it's on the side of a house and not a commercial building. I know in some states that it's common to have the ac units on the roof. I don't know why they do it but it's retarded to say the least. It probably eats into the service fees too due to having to rope up tools /materials to work on it, plus the safety factor

>>60523190
Correct, the reason to buy a house is "I'm already financially well off and want to treat myself and a house is a lot better than other ways to spend tons of money.

>>60520865
The reality is that the savings versus another used car are pretty minimal and generally made up by virtue of the lower price. If you're a massive poorfag you can buy a rusted out shitbox for $3k. If you're a slightly less poorfag with more significant savings you can buy a more comfortable $6k-$12k car.

>>60516382 (OP)
House for personal use should not be more than 5% of your income (or you've given up on ever making it)

>>60516842
wait, americans can buy 1/2 acre lots for $50k? why the fuck are you retards paying $500k+ for an old house when the land is that cheap? do americans really need big ass (1500sq.ft+) houses? are constructors actual scammers?

>>60527655
People pay to live near walmart and away from blacks

>>60527692
you fags use cars for everything. why not just live in the suburbs, far from other people?
jfc, I live in a 3rd world country (chile) and here 1 acre of land in the middle of fucking nowhere costs $10k, and 1/10 acre in the suburbs costs $50 fucking k. crazy how overpriced this shitty country is...

>>60516382 (OP)
Depends where you live honestly. My current stats are
>26 YO
>200k NW that climbs something like 120k a year currently
>base salary 170k
>RSUs 40k
>bonus 20-30k depending on performance
Which sounds great but I live in fucking Palo Alto so I won’t be able to get a house anytime soon. If I were making a similar amount in Austin, I’d already have a house halfway paid off.

>DUDE HOMES ARE SO EXPENSIVE NOW LMAO WTFFF PRICES HAVE GONE UP IN THE PAST 10 YEARS

Literally doesn't matter. Money isn't real. Normies like the redditor in OP's pic will just go into insane debt to buy a house. The price of housing will only go down if there's a legit apocalyptic market collapse event. Otherwise normies will just go into debt and do exactly what they would have done if housing was cheap.

>>60527655
No they don't, there's plenty of cheap homes/land in the Midwest/Appalachia full of white people and Walmart

People pay to have access to high paying jobs, and good year-round weather

>>60527655
outside the big cities there is no life, it is all a weird mix of industrial/agricultural/retirement zones, all of which will drive a well-rounded person mad

>>60516382 (OP)
i took a shit and my shit had a lighter complexion than that thumb

wtf USA

>>60522614
The dividing line is: did you have real estate pre-Covid. If you did, you equity is probably 2 to 3 times what it was precovid and you can probably upsize with a similar monthly payment

>>60516382 (OP)
Schlomo once again gutting these niggers

>>60516382 (OP)
>>60516384
>>60516391
>>60516498
>>60516671

>>60529941
800 usd a month. 84 months. 9200 a year for 7 years. 69k for a used car.
are americans this retarded?

>>60516382 (OP)
If you're living in a first world country - when you still have at least 3mil USD to spare after purchase. If you're wasting most of your net worth on a house, don't buy it yet.
>>60527733
>Literally doesn't matter. Money isn't real.
This sentiment is only true if you've properly comprehended the energy game behind it and become skilled at making said unreal money. When you're broke and also retarded money is pretty real.

>>60529943
You're only seeing the first half
In reality he
>stops paying after 1 month
>they try to get him to pay but he just doesn't
>debt gets sold to another company for $5000
>they harass him or try to repo the car (probably not even worth the trouble)
>he gets to use the car for $800 until they find him or try to settle the debt
>debt gets settled for 10k or $80/mo for 200 months
lenders don't care because enough people pay their debts
debt collectors don't care because they make a profit either way
people playing the system love it because they can keep doing shit like this to get things cheaper

>>60520815
How much to buy her?

>>60529943
Americans are fucking trash

>>60530112
WOW you mean he gets to pay the ACTUAL value for the car PLUS getting harassed and credit fucked over, gee anon what a win

>>60530183
he doesn't even have to pay the debt collectors, he can simply not pay.
credit score doesn't mean shit unless you want to buy a house which is an overpriced scam anyway, lenders still loan to retards like this money for cars and random shit. it's not even permanent, any debt except student loans just disappears after 7 years if he doesn't pay.
they can't even harass him that much, all he has to do is tell them to only contact him via registered mail and they can't do shit.

>>60530200
Hmm, that does sound appealing. Why don't I just go rent a house and never pay? No, better yet, I think I'll just squat.

>>60529943
hes black

>>60530222
You can be forcibly evicted for not paying rent. At best you can file appeals and drag it out but eventually you'll be forced to leave under the threat of violence. The degree you can get away with it varies a lot by location though, some places will have you out within a month, others might take a few years. Finding another place afterwards can be tricky as well since landlords will want references from the previous landlord. Squatting only works if the owner abandons the property and never claims it and you've lived in it for years.

>>60516382 (OP)
I plan on buying when my rent surpasses a mortgage payment. In 5 years I'll have enough for a down payment which, incidentally is when my rent will surpass a mortgage payment where I live.

>>60530139
Her daddy is probably loaded so it is impossible to buy her, not with money anyway.