thoughts on investment properties?
is it the ideal of building wealth?
my mom is offering to cosign properties for me as long as I cough up down payments and I rent them out

>>60533070 (OP)
Property is always good but the price to pay in this era is very high.

Also, I understand that this girl is conventionally attractive, but she just seems so bland. Just another 7 amongst a million others. Cute, but nothing distinctive. Probably wouldn't know what to do with a cock in her hand.

>>60533070 (OP)
>is it the ideal of building wealth?
Do you like DIY, are you a tradie? Dealing with renters? The better you are at it the better of an idea it is. Also need a good area.
>>60533084
>Property is always good
It doesn't always go up. Personally I just throw it all in the stock market, zero effort required.

>>60533070 (OP)
Im autistic but her face does not look "obsessed" to me, it looks like she doesn't really want to be there

>>60533197

Who cares. All of this is lame.

>>60533197
Dumb retard

>>60533070 (OP)
I'm considering it too, but I'm hesitant to put most of my savings towards a 20% downpayment.
I like my financial cushion and it's giving me mental peace.
I think it's the cheapest thing you can buy on leverage, atleast in the EU since the rates there for mortgages are like 2-3%. Pretty smart thing to get a rental, just be aware that you probably can't sell it if it has a mortgage.

>>60533197
That's a hunter stare
She's literally imagining going to poundtown later and is sizing up how much she's going to enjoy it

>>60533070 (OP)
I bought my first long ago with 30k down. It now has 100k equity and maybe $300/mo profit though it started at $100/mo profit.

My 2nd is now under contract but not sure if it will go through. Have to put 25% down $40k + closing costs, then if it goes through this one will rent much higher but initially no real profit per month.

The annoying part is the down payment, 25% for investment property. If you have no house at all you can do the house hacking thing but that was promoted after my time so I never did it.

If you have high enough income to keep generating down payments and high enough income to keep qualifying for loans it would probably work well.

I've spoken to ppl who own and rent out lots of propertys in my city (downtown, desirable areas, college area, lake front property) and they all seem happy that all their propertys doubled in value since covid. I think every single one I talked to mentioned they sold off the more troublesome parts of their portfolio recently and are taking time to reinvest it.

>>60533197
lol you might actually be autistic

>>60533089
god can our bubble please too finally pop. id love to have 1984 house prices today.

>>60534031
rentier-class landlords profiting from housing becoming an investment commodity will not be looked on kindly by future generations.

i have several. be super picky about what you buy, if the numbers don't work don't buy it, period full stop. money is made when you get a good deal, cashflow is just a bonus. I haven't ever purchased anything that didn't meet the 1% rule. So far so good, cash flow out the ass after all expenses. some markets are getting smarter and jacking up values, other places people love to pay your montage for you.

>>60535333
>implying the ruling class will care about what peasants serfs think in future generations

good one.

>>60533070 (OP)
>invest 500k
>get 5% cashflow
>pay ever increasing property taxes
>ever increasing Hoa
>ever increasing insurance
>ever increasing maintenance fees
>tenant wrecks your walls
>wrecks your Aircon
>wrecks your yard
>wrecks your plumbing
>nightmare mode: vandalizes your house and insurance doesn’t cover vandalism or arson

>>60535333
This is actually my concern as well. Being an europoor where our government are all left leaning (except maybeee imigration but not really) they might just put caps on rent down the road to some retardedly low levels.

It destroys the profits, house values will will drop a lot and also why not? Like you are standing up to these cruel multibilionare landlords...

>>60533084
Definitely a mid looking guy sitting across from her. Also, girls see the wall by the time they are 21, so they work hard to try and tie their bf down. She is gross without make up and will look like this guy 24.

>>60535389
gay homo

>>60533070 (OP)
renting is only profitable in all white societies since they are self governing and wont destroy the property

>>60535369
>they might just put caps on rent down the road to some retardedly low levels.
I'm a leftist, but i know that that shit wouldn't work. Look at what happened in Argentina when the government tried to force lower rent: people simply stopped renting. Plus you can bet a % of those "leftists" probably do also make money off rent.
What needs to be done IMO is to forbid foreigners and big corporations from buying too much property or renting them for profit, and to stop mass migration. But, guess what, politicians don't care because they are in the business

>>60535389
>t. the zestiest nigga you know

>>60533070 (OP)
>my mom is offering to cosign properties for me as long as I cough up down payments and I rent them out
mine is doing the same but i don't trust my mother's financial sense
she has made no financial nest though so i also worry about her future

>is it the ideal of building wealth?
no, very far from it - it's illiquid, volatile, and non fungible
however, you need a house to live in so most people build wealth with them
>thoughts on investment properties?
a decent rental should net 7% apy, before fees and taxes, ontop of the actual value of the property increasing
these historical figures place them alongside the s&p
however, properties are unique and come with other headaches, pitfalls, and advantages because they are a physical thing: a bad tenant can cause massive financial harm, a good one can actually elevate your value, and a disaster can ruin you, although none of this is why i'm wary of buying

i don't have faith that the property market will continue to go up forever - right now it is propped up by importing infinity pajeets but the boomers are going to die and birth rates nearly worldwide have declined to below replacement
the current bubble is insane in some areas, despite not having the same lending the 00s did, because of overseas money
>>60533089
i can easily see the future market being like japan's and i hope that it is too: when i visited japan i couldn't help but notice how cheap and abundant rentals were
housing is a basic need so it should behave as one and not as some investment category but so many normals would never invest a penny if it wasn't

>>60535333
Maybe leftists shouldn't have supported economic policies that benefit landlords like zoning, regulations and fractional reserve banking.

>>60537104
>implying they spare a moment's thought for the potential consequences of their actions
a leftist's answer would be
>well we just need to ban/regulate/tax that thing now
because daddy government can command the economy to do whatever you want and the only reason we can't have our cake and eat it too is because rich people exist

>>60537110
They are in a religious cult and I'm tired of pretending they aren't.

Dorks on 4chan like to piss on everything because they don't know what they're talking about and they don't have anything good in their lives.

So realistically housing prices have leveled out after the COVID explosions and housing as which laborers are forced back into high cost of living cities and centralized areas where office infrastructure is. That does not mean that housing prices revert to pre 2020 or even 2022 levels that means that the rate of growth slows down to normal levels not in the price of the actual house. Now the price increase year over year in housing is consistent with housing prices not going down on average at any point except maybe 2008.

Now while the stock market can return 10 or almost 20% year over year You're also locking your money away and waiting that time as the s&p or whatever increases and increases which is great. The problem is you need money to live right now because you're poor so property can cash flow pretty much immediately and the value increases at a slower safer essentially government mandated rate in the background as tenants pay for the ongoing cost of the home with some cash flow to yourself after capex of course. The main issue is many areas are still desperately holding on to their inflated COVID era pricing now those aren't areas I would want to live in but some people like cold rainy gloomy places with seasons go figure. To add to this issue mortgage interest rates are hovering around 6 to 7% which compared to pre-COVID interest rates seriously eats into your cash flow.

The bottom line is that these prices are going to increase maybe buy a little maybe buy a lot but they will increase your over year they will not go down. Given current economic policy not this year maybe not even meaningfully next year but eventually mortgage interest rates will decrease. They will not decrease as much as housing prices increase.

CONTINUED

>>60537726
2/2

Unless you have a very high paying job that requires frequent and long-term travel you should purchase a home now under the current interest rates in a relatively low priced market not in the Pacific Northwest or the West Coast or one of the meme markets that are still inflated during COVID and everyone is over leveraged and in denial and so on.

If you are willing to learn how to do this correctly then your tenants will pay for the cost of home ownership and yes that includes capex taxes the whole shabang while you accrue a wealth generating asset whose value only increases year-over-year. Ideally, when interest rates are at their lowest as closely as you can determine that you should refinance to The lower interest rates and lock those in before the next rug pull and raise of rates.

If you really and truly believe that the stock market is the best strategy economically long-term then you should use the cash flow be it a little or lot to invest in your favorite funds while also securing real estate assets at little upfront cost if you're smart and no long-term cost to ultimately acquire.

>>60537726
>>60537738
one bad tenant to trash your place and squad in it for months before you can evict kills your cash flow real bad and you are always on the hook for monthly payments
the only way out of this is high end real estate or diversify into many units but both of those require large initial investment
meanwhile the stock market is highly liquid at any moment and can be diversified and increased efficiently in small increments
its really not a debate here unless you have enough money to doubt between stonks or a 100 rental units

>>60533070 (OP)
Different areas are going to have different laws that interact with different markets to produce results. I come from one of the worst housing markets to buy into, Sydney, and its straight up bullshit expensive. Before I get into the taxes, you've got to understand that here there is a culture of thought that housing prices will never go down. They might dip for a year, but noone ever makes a serious loss. This belief means that people will borrow to the hilt, because their property will only accrue value, and after 30 years of paying off their mortgage, they'll come out in front. They're were also some tax changes 20 odd years ago now, that made it incredibly beneficial for investors. The combo of negative gearing and capital gains tax exemptions mean that, as long as the property market is moving upwards, you can buy and sell and make a lot of money. And if the property market goes down? Well it doesnt because people see property as a bargain compared to 12 months earlier, and buy more. When you put both of these things together you have a lot of people caught up in housing, and the home owners with investment property's basically become a too big to fail and too big for government intervention. You also get the 'wealth' affect, so governments doubly dont want to interfere. The media sensationalises every interest rate change and always reports that low interest rates are good because of the large volume of private debt. Interest rates go down, people have more money to spend, housing prices go up. Interest rates go up, less money to spend, less demand to sell, less houses on the market, house prices go up? Yeah its bullshit

Know your market and understand the psychology of the city/state. My gut feel is the US is going to be a lot more like the Australian market over the next few years, however it is still location specific and its very likely to be a 2 speed housing market. Good houses in good locations are going to skyrocket, bad ones will stay flat

>>60536803
Brotheerrr do you really expect an average retard from the street understands anything besides "hurr burr rich landlords, I want cheap rent".

Idk man I feel like its an easy decision for politicians to get some easy votes no matter how bad it actually is for the economy. In america probably wouldn't happen but europe...

>>60533084
Being able to fuck girls that could be your daughter agewise is a symbol of status. You don't do it for her expertise.

>>60539164
>Idk man I feel like its an easy decision for politicians to get some easy votes
yuropoor leftists don't give a shit about the People anymore. they are all scammers.

>>60541012
They are detached from the real world and only care about hypothetical people. They aren't concerned about the people around them: they are concerned about the people in tv land and which the talking heads tell them about. Telegrams were a mistake.

>>60541671
yup. that's the problem with "professional" politicians. as soon as they start getting off their own farts or maybe receiving money under the table, they forget reality and stop giving a shit about the common man
I say kill em all

>>60533070 (OP)
you missed the boat by 10 years. it's impossible to cash flow investment properties without a massive (like 50% down payment) with the way rates and rents are right now.

>dude who cares about cash flow, it's all about appreciation!!!
anyone spouting this is likely too retarded to budget for vacancy, maintenance, and capital expenditures. this means they will be taking it up the ass and paying out of pocket every time one of these things happens.

if you can't maintain the property yourself, which means doing basic repairs, you are going to be raked over the coals by lazy, shoddy, unreliable, drunkass retard handymen and contractors. imagine there's a plumbing fuckup and the tenant, by law, can refuse to pay rent on the grounds of inhabitability. how are you going to fix the problem? can you do the repairs yourself -- or will you be paying a plumber thousands of dollars to do it for you, in addition to eating the tenant vacancy costs?