Thread 514800702

/pol/ b t f o

why are you spamming so many threads today electrical engineer bro?

>>514800702 (OP)
>more than tripled
>2,204 in 2019 to 5,661 in 2023

>>514800805
must be quite the problem for you and your highly compensated janitorial team huh

>>514800702 (OP)
I’m worth about 60 million in crypto. I rent.

>>514800702 (OP)
raised rent 15% at all my properties starting new fiscal year Oct 1.

>>514800862
Maybe it's a typo.

>>514800862
thats only NYC m8

>>514800805
probably an unwated global south immigrant tossing off in a job he lied his way into like you 'bro'

>>514800702 (OP)
You can't own homes in the US anyway. The government can just take it from you if you don't pay them "rent' every year.

>>514801145
Fund my startup.

>>514800702 (OP)
Cause they have inside knowledge and know real estate is a bubble that will burst any day now with unpredictable consequences. They can show off, but withing reason, they wouldn't be millionaires if they could unironically pay 60kk for an asset that will be worth one million in a few months.

>>514800702 (OP)
>buy a villa for 100 million
>use it 2 weeks in a year
kek

>>514800702 (OP)
when you get rich enough that rent cost is nothing to you, renting becomes more tempting because you can leave at any time to rent anywhere else on earth when you get bored of your current location.

Well of course they are they're the only ones that can afford it.

>>514801145
did you get that by trading crypto or making crypto? got any advice?

>>514803848
>use it for 2 weeks in a year
>rent out for the rest of the time to return its worth
Would have been an absolutely reasonable scheme in a stable economic situation.

Bump limit, here we come!

>>514803983
Both. I first got into the BTC world in march 2009. Mined on my laptop. Trade recreationally here and there. And was getting involved with the large BTC mining operation that I eventually backed out of. Could be worth a lot more if I wasn’t living the NEET life

>>514800702 (OP)
prices are too high and everyone over 50 is a millionaire these days

>>514800702 (OP)
You don't pay property tax on rentals.

>>514800702 (OP)
Everything should be free as repayment from covid only way this ends well

>>514800702 (OP)
Well 1 million dollars isn't all that much anymore.
Most good homes in NYC (OPs pic) don't even start until 3 or 4 million.
Something tells me this article isn't targeted at 100 millionaires. It's probably targeting the fintech bro or the law clerks or the new doctors.

>>514803930
That's how renting is supposed to work. Everything is so bloated. I want to be the visible opposite of bloat.

>>514800702 (OP)
Maybe they just became millionaires and are about to buy a house and end the rent.

>>514800702 (OP)
I prefer the flexibility of renting, I've been chained to a home with bad neighbors before and now I can just fuck off somewhere else virtually immediately. Or if the area becomes boring. Or seasonal rentals are ideal, e.g. beach town in summer then ski hill in winter. Furnished rentals are even better, just a couple plastic moving boxes for the irreplaceable items.
Also leasing up-market properties is a far better experience, landlords love to try to keep me happy to motivate me to re-up. Whereas cheapo slumlords purposefully torture their poverty tenants, because there's always more poor people to slide into that spot. The downsides of leasing are only relevant for poverty people.

>>514804082
>rent if for porn shooting
>lose value
nice, plan.
The capital commitment costs for such a quantity are not worth it.

You can do more with container ships.

>>514800702 (OP)
If you buy a property you are still paying rent to the federal government via property tax and other municipal bullshit. It's almost not even worth it

>>514800702 (OP)
>millionaires
Cringe name genY retards came up for themselves like a wakanda nigger they was kaaangs and sheeeet.

>>514804805
Unexpected maintenance is the killer that most buyers do not anticipate. Especially newer builds, anything built from 2005 and later may as well be torn down now because of garbage workmanship and materials.

>>514800702 (OP)
Millionaires are moving constantly, so for them renting makes sense. For your average normies renting is losing money

>>514800702 (OP)
>buy a property under the name of your private corporation
>rent it from your private corporation
>pay yourself your own rent
>elevated rights and reduced insurance costs

>>514800702 (OP)
how is /pol/ btfo??

asset prices in the US are so artifically high that even the rich cant pay them, which proves that the US economy is fake & gay and only benefits the rich

so again, how is /pol/ wrong and why as a croatian are you such a bootlicker for the rich in america?

>>514800702 (OP)
white collar wagie gets moved around from offices across the country

Property is just one type of investment. You can invest your money elsewhere and choose to rent instead of own and maintain a home.

>>514800702 (OP)
because its easy and cheap and you can move from one to another easily

>>514804152
Based if true

>buying a house in hyperinflated market
>settling down in sodom

>>514800702 (OP)
The purpose of this article is to convince more middle class people to rent and to accept the idea of never being able to afford buying in a top market.

>>514804724
I, too, enjoy paying the cost of owning something to only use it and be left with nothing in the end.

When you’re rich renting is freedom. They all have “hub” family estates anyway

>>514800702 (OP)
unironically if you got lot of money renting can make sense. you only need a house for a family. but if you can rent a giant appartment, even that can work.

millionaires renting makes sense because they have more travel opportunities, more freedom, and more reason to relocate for professional or financial reasons.
normies renting doesnt make sense because they are essentially bleeding what little excess they have into the profit margins of another. their losses overall can be very likely lower if they take a loan and buy, it heavily depends.

>>514808079
he can afford the cost because it is a smaller percentage of his total wealth and values other things higher

>>514808098
>you only need a house for a family
A lot of these guys are probably single, so no need for a house. Renting makes a lot of sense. You can leave any time, and move to another city or country. Didn't a lot of actors and rock stars just rent hotel rooms for years - like that guy who was the autistic character in "Rain Man" and Mick Jagger.

>>514803737
It's actually a really "nice trick" used by the wealthy. It's called "octopusing" and basically it's where you rent homes from other billionaires in a tax band to both gentrify and deny access to affordable housing, simultaneously bypassing property taxes while a major trust fund expands outwards to obtain more tenable assets. Immediately skyrocketing their credit score.

https://youtu.be/OBKGhOlJ8rM

https://youtu.be/FIaw9vopibE

https://youtu.be/nLjZ-MuSBYQ

https://youtu.be/1lp2hEjdBCA

>>514804152
Where's your jetpack, Zuckerberg?