Thread 28675866

I live in a shitty apartment complex, why the fuck do I see so many high end trims for trucks/BMWs/Mercedes. Help me make some sense into this.

>>28675866 (OP)
If you make a median US salary of $61k, pay $8k in taxes, pay $1500/month in rent, and nothing in savings you'd have almost $3k in disposable income a month which is more than enough to lease a truck/bmw/Mercedes. Is it a good idea to live this way? Probably not.

>>28675890
Forgetting spending $1,500+ on food a month and the rest on vacations.
I appreciate normal fags stimulating the economy but they are retarded.

this is a very thinly veiled bait thread for OP to receive some sort of positive affirmation about his situation
most of the replies to this thread will also be in the same boat, trying to give and receive that affirmation

>>28675866 (OP)
people with bad priorities use their government handout money to lease new cars while living in the slums. pretty simple to understand.

>>28675866 (OP)
Is it a college town with tons of turks and chinese "international students"?

>>28675866 (OP)
So you are unironically unable to figure out why people who habitually make poor financial decisions can't save enough to buy a house?

>>28675866 (OP)
Not everyone aspires to own a home. I fell for the house meme and I hate it. I'm just sitting on it right now because the area around me is growing and I know it'll be worth a bit in a few years. Then I'm moving back into an apartment or duplex and renting for the rest of my life.

>>28677381
>blackrock has deposited $.25 into your account

>>28675911
>I appreciate normal fags stimulating the economy but they are retarded.
The funny part is that if they are given any money, they almost always use it to buy things that destroy its value. There are still people that think a car is an investment instead of an expense.

>>28675866 (OP)
They're leases or crazy loans and the drivers are retards

>>28677386
If you have a coherent thought to express then by all means feel free to do so.

>>28677456
renting forever is the dumbest thing you could ever hope to do. Enjoy having to work until the day you drop dead. Do you think SS is going to exist, let alone keep up with rent increases? You have absolutely zero foresight.
But, the joke is that blackrock (and their ilk) are largest residential landowners in the US, and that buying up renting out the houses that people used to buy for themselves, is stealing the biggest driver personal wealth and security. So it takes some degree of shilling to make the "rent forever" proposition tolerable to prevent the masses from going apeshit. And that's where you come in my cunty, sarcastic friend.

>>28677471
Depends. If you can settle down for more than 7-10 years, a house makes sense. If you can't stay in one place for more than a year or two, or your home life is extremely sparse, it makes no sense to get a house.

>>28677471
It's called "retirement" sweety, look it up. Oh and while you're at it
>And that's where you come in my cunty, sarcastic friend.
Lean how commas work. That sentence does NOT mean what you wanted it to mean.

5k down and 500 a month forever buys a lot of car

Imagine choosing not to own property. Literal cuck lifestyle.

>>28677555
t. Owns a $73k place in Oklahoma that’ll never appreciate

>>28677518
Are you expecting to make MORE in retirement, or less? Renting forever is fucking stupid. You're impacted by the rise in property taxes just like a homeowner because the landlord will pass it on to you, and their greed knows no limit as far as rent hikes are concerned. Enjoy paying for pet rent and all that other faggot shit.

>>28675866 (OP)
People see their nice car all the time so they can front that they are "making it". Just low IQ people being shallow.

>>28677559
>Are you expecting to make MORE in retirement, or less?
"more" than what, retard
more than my current wages? of fucking course not. do you actually not know what retirement is?

>>28677556
t. Owns nothing and will die in debt.

>>28677667
Then what's your fucking point with this post, midwit?
>>28677518
You're counting on the mercy of strangers in retirement as they can hike up rent every year. Odds are you're just a rentoid, rage-baiting douchebag.

>>28677698
>You're counting on the mercy of strangers in retirement as they can hike up rent every year.

>>28677733
>HURR I'M LE HIKING YOUR RENT EFFECTIVE IMMEDIATELY! YOU MUST LE PAY MORE NOW!
>ok, fuck it, I'm moving.
spergs can't comprehend this.

>>28677733
>>28677769
>I'LL KEEP RUNNING AWAY INTO MY 70s and 80s
Failed male mindset. Perfect little jewish pet.

>>28677777
"Perfect little jewish pet" says the man who intends to spend the last 20 years of his life basically a prisoner in his own home that does nothing but consume and pay taxes and fund the healthcare system.

This is fundamentally a debate over housing insecurity that you guys are having. There's an obvious solution to this.

A lot of people are single these days, and make decent money but don't have a need for a big empty house. Now, depending on how "shitty" the apartment complex is, they might just be retarded

>>28675866 (OP)
Cars>house
As long as you have a structurally sound place to sleep, eat, shit, shower and wrench you're set.

>>28677777
Checked
>>28677787
You aren’t refuting his point though. Forever renters will find themselves homeless at 70.
You’re banking on
>line goes up, forever.
It won’t. Besides, the market crashes at least once every 20 odd years.
You are a buffoon and not worth engaging in. Good luck

>>28677817
>You aren’t refuting his point though.
I did, you just didn't understand.
>Forever renters will find themselves homeless at 70.
Not my problem
>line goes up, forever.
What line?
>Besides, the market crashes at least once every 20 odd years.
Also not my problem.
>You are a buffoon and not worth engaging in.
Oh sure, easy way to give to in an argument but still act like you somehow had the upper hand. Pigeon on a chess board etc etc

>>28675866 (OP)
They have "undocumented income" which bars them from buying real estate.

>>28677471
I'm renting and have >33x expenses as net worth. Renting makes sense, our family went from 1 bedroom, 1 loft, to a 3 bedroom 2 bath home, as we had more children. Being able to adjust housing for our family's needs, and never paying more than 5% of gross income to housing has helped. In case we had to buy, we started saving for a downpayment after reaching a net worth goal, a goal which has been realized for the past two years. The cash is sitting in a municipal money market fund, and overall the portfolio is around 80% stock, 20% cash/bond. In the last 9 years, rent has increased once by 5%.

Renting isn't always dumb. Having a reasonable plan matters most.

>rentoid back from a week camping.

>>28677887
Renting makes perfect sense for anyone financially responsible. Houses have lag against the S&P 500. This is a fact once you bake in maintenance and taxes.

>>28677813
Based enjoyer of life
>but muh retirement
Bro will probably treequinox himself before that

>>28677389
I've never in my life encountered this person who thinks their car is an investment.

>>28677518
You're not going to be allowed to retire

>>28677887
>Rent 5% of gross income.
Why would someone just up and lie about that.

>>28677471
>live in Japan and homes are not an investment in Japan; it is the same as buying a car
>parents in the states will give me the house after their passing

Not sure why I'd buy a house in some shitty area and be stuck there. I pay cheap rent without having to worry about tons of extra fees/insurances. Also working remote where I do basically nothing all day, I don't even ever need to quit. I will be working til I'm 100, making a salary, and putting in an hour of actual work a week at most.

>>28678192
It's called a pension sweetie

>>28677518
>I want to have a $1000+ bill forever!
>I'm very happy to give megacorp my hard earned money!
Nothing in this world is worth subjecting yourself to perpetual debt.

>>28678280
>paying $1000/month to rent? debt cuck lol
>paying $700k in interest to buy a 500k house, while still again being on the hook for all of the furniture and maintenance and repairs and insurance and property taxes? yes i am smart this is what everyone should want to do

>>28678299
>/diy/let and poor financial literacy
you're cooked, bruh
sorry that your father failed you

>>28678335
Feel free to point out where you think the "poor financial literacy" is. You can't though because there is none.
Besides, the point was never that buying a house is "wrong" or "bad". It's just not for everyone. The interesting thing about people is that they're all different. Not everyone lives the same life as you and values the same things as you and wants to live exactly like you do. Not everyone wants to own a house.

>>28678355
>You can't though because there is none.
Here's how you avoid paying more on interest than your principle
>pay more than your minimum monthly
>don't do 30 year loans with shit interest rates
>put a minimum of 30% down on your home
And just like that, you don't spend more on interest than the principle!
Not reading the rest of your cope btw

>>28677942
>I've never in my life encountered this person who thinks their car is an investment.
Are you sure? There were a lot of truckfags during the covid supply shortages that thought their truck was not only going to retain value, but increase in value as well like a stock. Not only did they believe this, they thought this was permanent.