Why should I ever buy a house?

Every calculator shows renting comes out ahead. And when you consider the opportunity of owning a cuckshed instead of stacking bitcoin it's even worse.

>>60748942 (OP)
It's not 2015 anymore.

You should buy a house when the last few living landed boomers are cutting their stomachs in the streets upon seeing their zestimate implode -50% and the millennials inheriting their properties sell them en masse to pay their own colossal debts (they dont need a big SFH since theyre not having kids)

>>60748942 (OP)
This is retard logic. Renting will always cost more. because you will never own the property you are forever borrowing someone eles shit.

You pay off the loan for someone else.

You build no equity.

When hard times come you will be kicked out when you are unable to pay.

Buy a shit house in a nice area. Don't tie up too much cash in it. Job done.

>>60748999
>shit house in a nice area
>"That'll be $750k plus a $20k tip for your agent, sir"
Lmao not buying your bags boomer

Where did you find this ridiculous chart? The idea is you SELL or PASS DOWN the house you bought through a mortgage, rather than pissing away rent directly toward your slumlord for 30 years. The chart features expenditures but not profits.

it almost never makes sense to buy. plus renters don't need to care about property taxes, repairs, structural issues, ethnics moving into the neighborhood and so on

>>60748942 (OP)
how much can you list and sell your apartment for? :D

>>60748942 (OP)
build equity
can't be forced to move
inflation erodes mortgage in time
asset gains

>what is leverage

dont make the minimum payment on the house bro!

>>60748942 (OP)
I guess it really comes down to how much the freedom of ownership is worth to you
No landlord, and when you own the house you can do whatever you want to it.
Worth it for me cause
>my house my rules
>nobody can kick me out
>can plant whatever i want and keep a nice big garden
>renovations and modifications as i please

>>60749024
>>60749251
https://www.nerdwallet.com/calculator/rent-vs-buy-calculator

All of these factors are included in the calculation.

It's practically impossible to make the numbers stack up in favour of buying where I live. When you factor in the opportunity cost of bitcoin (20%+ CAGR) it's impossible for buying to come out ahead.

>>60748942 (OP)
correct, it literally makes no sense to buy anymore
and that spells bad news for prices
sellers are delaying the inevitable by delisting
but that won't work forever

Bait of the highest and most delicious caliber.
2 reasons.
At some point you stop paying rent for your house because you own it.
The other is you can sell it for somewhere between 50% (if you're a nigger) and 500% of the money you paid for it.

You can't sell the money you paid in rent.

>>60749609
this seems like a jew scheme to convince the goyim to rent forever while they buy up all the property

>>60748960
okay that might happen in like a decade. I need shelter now

>>60750007
thats exactly what it is

>>60748990
Of course, you should invest the money you save instead of spending it. That way you’re also building equity. I admit, buying does have a psychological advantage: You're -forced- to save. And even homebuyers often don't know how much repairs will actually cost. So it's also hard for renters who save to estimate that amount accurately.
But all in all for a 'rational investor' it makes more sense not to buy.

>>60750069
>But all in all for a 'rational investor' it makes more sense not to buy.
Mechanically, yes, but optimization of profits is being dictated by credit creation and insiders "choosing" who wins and loses. You just have to follow the leader and be smart enough to know who that is.

Owning a house gives you a type of legal contract which is enforced by the state, not Wall St. It takes more effort for Wall St. to rewrite the rules in regards to that. Nevermind the psychological benefits (hopefully) associated with having domain over your home and having property that is yours to manage physically and financially. The fact that renting is mostly financially saner to do now is an expression of "you'll own nothing and be happy;" the implication is that especially with younger generations, it's hopeless to be a landowner. State interests in representative societies are supposed to represent their people, Wall St. et. al. currently operates as a rogue, rootless state that has OWNERSHIP OF THE MOST BASIC HUMAN RIGHT, YOUR HOME. States, while imperfect and coated in corruption still promise the ENFORCEMENT of your rights. Wall St. does not and never will because it's "bad for business" and there is no more competition. Solution? Take back the state and organize, because the state has guns. From local, to state, to national, there is no other way, as other nation states can be bought out to check you back immediately if you're too small. The state may be a devil's deal, but a one world government is the devil's slaughterhouse.

Anyway, my fear is that housing prices will drop too much for sellers to bother or interest rates stay the same or go up so it becomes an insane proposition to buy and pay so much interest with risky monthlies. All while employment tanks and demographics get more fucked (COVID democide never stopped.) That said, it might still be in your interest to buy to have a chance at a deed, but it's a double bind for Gen Ys and younger.

>>60748942 (OP)
poorfag mentality. the point of money is to own a house one day. so you can own your own home

>trust me goyim you don't want to own a house, just rent one from me, trust me it's better this way, you actually come out ahead by paying me money for rent instead of paying for a house.

>>60750133
Then you should consider it was it is, a consumption good like owning a boat or a luxury car.

Terrible investment but if you want it for consumption then go for it.

>>60750119

I'd love to own a house

But because I am a single person, in order to do so I would have to sell my stock portfolio and start anew, and I can't decide if that is the best value proposition with current prices and rates

>>60750016
so rent while the house prices bleed
renting is perfectly fine if you have a plan

>>60750166
just gamble that rates will drop in the near future and you can refinance

I also am in a position that I could buy a house but am apprehensive

>>60750173
I really doubt they're going to drop all that much. boomers have been dying for the last decade, there will be no sudden mass die-off that suddenly drops prices all at once. house prices may fluctuate but will trend upwards forever, many are saying buy now while you can and I think that's the right position

Home ownership is a wealth divider now.

>>60750293
>many are saying buy now while you can and I think that's the right position
no, this is the FOMO retard position
the great boomer die off hasn't even begun
and that's just one of many bearish factors

>>60750166
I have a similar problem. Shaky future employment prospects due to managers looking for cuts and absurd mismanagement is giving me cold feet even though I got enough for a down payment by early next year. I'm just glad my apartment isn't shit, the area is methed, but not hopelessly so, and relative to other rent prices in the area, mines is on the lower end.
>>60750293
>I really doubt they're going to drop all that much.
I expect dips here and there, but unreliable enough to ever take advantage of. I don't know how much of a coincidence it was that while housing prices have been dropping, grocery portions in my area are more costly and smaller by just a smidge. With how everyone is running off to assets to secure their net worth, the "finite assets always inflate, just buy" thinking is likely the winning strategy again. I'm more concerned about my job security and inflation on mandatories like food and utilities.

>>60748942 (OP)
>Why should I ever buy a house?
Same reason you should buy an antique watch collection or a Porsche 911 - to reallocate your funds into one more asset class to better match your risk profile. It's not only about making money, right, it's also about managing risks, and sometimes it makes sense to take deeply retarded financial decisions, such as buying a house. If a paid off house would be, say, 5-10% of your net worth - is it that big of a deal that this investment underperforms if it gives you a roof over your head? Now if it would be 30-50% of your net worth - yeah, it's retarded no matter how hard you cope.

Imagine being 60 years old and renting some shitbox for 8000$/month while you own nothing lol

>>60750398
right, and for the vast majority of americans, their house is the entire net worth

>>60748942 (OP)
THEORETICALLY renting can work if you make sure to build A LOT of wealth before retirement. Rent/Mortgage is pretty much everyeone's biggest living expense, so you don't have to worry about that when you are retired with a fixed income.
>BUT PROPERTY TAX AND INSURANCE GO UP!
Doesn't matter, when those go up, rent goes up faster to compensate. Also with renting, you could just get kicked out at someone else's whim, even if you're a dream tenant that pays on time and takes care of the property.

If you can tolerate roommates, house hacking is amazing. Obviously I had to come up with a big downpayment, but now I have roommates paying the mortgage for me. So my entire paycheck pretty much goes towards stocks and eventually I'll get a free house that will probably be AT LEAST double in price unless the market just falls apart for decades to come

>>60750416
>Doesn't matter, when those go up, rent goes up faster to compensate
it depends on the rental market
many places rent is actually going down
i'm tired of you retards spreading falsehoods around

>>60748942 (OP)
When an economy collapses and does a hard reset, ala Wiemar Germany, the only winners are the people who hold property or precious metals. Paper money, stocks, bonds, they all go to zero. You only come out ahead if everything continues to go perfectly forever, which is a gamble with odds of failure like anything else.

>>60750426
when real estate is propped up by debt, its value will collapse just like stocks bonds etc. won't go to zero but it'll be a huge collapse

>>60750425
>many places rent is actually going down
A small and probably short lived trend in the wake of an unusual market.
Mortgage principle is fixed for 30 years, with the insurance and property tax increases being marginal. Rent increases are pretty much guaranteed over a 5 year period.

LITERALLY BUY A HOUSE AND GET A ROOMMATE.
>WAAAHHH WAAAHHH BUT I HATE ROOMMATES. I WANT TO JEOPARDIZE MY FUTURE AND RETIREMENT SO I CAN WALK NAKED TO THE KITCHEN!
RENT TO YOUR FRIEND. RENT TO A FAMILY MEMBER THAT YOU KNOW IS QUIET AND JUST PLAYS VIDEO GAMES IN THEIR ROOMS. YOU WILL LITERALLY GET A HUGE ASSET FOR VERY LITTLE AND HAVE SECURITY IN THE FUTURE.

>>60750503
>rent to your family member
americans, ladies and gentlemen