Thread 514842228

You do know that you can just get a Mortgage on your house, you dont need to actually pay hundreds/tens of thousands up front right?

>>514842311
.......Uh so um get one then?
Like I have 10,000 saved for one and I'm 26, my goal is a flat or house maybe land by 27 maybe even before that. are you Unable to do that?

>>514842408
With a $10,000 down payment, assuming a 5% down payment, which is extremely generous in the US market, let alone the UK market, you can get a mortgage for a property with a valuation of around $200,000.
At current average rates, for a 30-year mortgage you're looking at a monthly payment of somewhere in the ballpark of $1,900/mo.
UK mortgages are typically not fixed-rate, so this is subject to increase with inflation.

>>514842882
I don’t know anyone who can just afford $1900 a month plus maintenance expenses and utilities. That’s a bill you plan a life around.

>>514842408
>>514842882
Also I used $ but the math works the same if you use Starmer Funbux.

>>514842983
I've heard house payment are on par if not less than a typical apartment. I pay $1000 a month for a fairly shitty q 1 bedroom apartment. Ive heard of people paying less monthly for a 3 bedroom house. Paying sometimes just over $800 a month. seems way smarter to buy a house and make payments if you have a decent steady job in the area

>>514842882
No you just look for
A. a small flat, good number of which are below 50k
B. even the odd small house, a good number under 100k
C. land, 2 acres usually goes for 6k then a static caravan can be 10k so not much further to go.

>>514842983
So get somewhere small?

>>514843144
>I've heard house payment are on par if not less than a typical apartment.
In most places this is roughly true. Of course, taking on a mortgage is a lot financially riskier than just renting.

>>514843044
Yeah the pound has essentially the same buying power as the dollar relative to our own markets, excluding energy

>>514843144
>I've heard house payment are on par if not less than a typical apartment
Ive seen mortgages for 150 a month, which is way better than any tiny apartment ive seen

>>514842228 (OP)
The problem is that by the time you save up for a 20% deposit (or 10% if you want to pay for landers mortgage insurance), the housing prices have gone up so you can no longer afford it. Plus rent is usually more expensive than the repayments on a mortgage so saving in the first place is hard.

>>514842228 (OP)
you're an extremely retarded jew, they didn't even let you have a memeflag

>>514842228 (OP)
whatch who you calling an idot.

MR SVP

>>514842228 (OP)
Just wage-slave for 30 years. It's that simple

>>514843433
I think that this is a little ignorant desu especially if you aren't trying to buy in an expensive place.

>>514843380
That doesn't make sense. If it was possible to buy the UK equivalent of a condo is for 150 SFBX/mo, everyone would immediately so that and the price of property would immediately shoot up meet the demand. You are either ill-informed or leaving out some important details.

>>514843483
Not being an actual Jew I dont need one.

>>514843236
that isn't even rhyl.

>>514843144
>buy a house
>and make payments

If you're making payments you haven't bought anything.

>>514843518
and what? I dont get it. Do you expect to not be in work during your adult years?

>>514843312
Sure I suppose. But it's one of those risks that yes theoretically something could happen and you'll come out at a loss but realistically you're probably fine. Like investing in the sp500, sure it could disappear over night but the odds seem so low its basically a no Brainer.
I still haven't bought a house Even though I have a decent job and over $80k in savings. Idk I guess I'm just risk averse. I only within the last year actually invested that money instead of sitting on it like a caveman

>>514843568
Right but this is how 99% of people have a house to my knowledge? I'm not claiming to be a genius here

>>514843630
>But it's one of those risks that yes theoretically something could happen and you'll come out at a loss but realistically you're probably fine.
I'm not saying it isn't. Buying property is generally considered a "safe investment," if such a thing can be said to exist. It just isn't necessary a no-brainer.

*necessarily

Fuck you OP. The average American has tens of thousands in college debt and many have medical debt as well as other debts so NO they can’t just get a mortgage. The jobs don’t pay enough either to qualify even if you have a decent credit score. Fuck you again.

>>514842882
Your math is completely wrong. I bought a $200k house with $0 down (VA mortgages don't require down payments) and my mortgage is only around $800 a month.

>>514843531
>everyone would immediately
Well firstly no, as I say it seems most people are incapable of saving money and are in fact total morons and frankly nigger tier when it comes to saving money. My own sister has a decent job but has no savings because she's always going on trips. That's just irresponsible.
Also we're not talking a huge house just an old working class house with 2-3 small bedrooms.

>>514843561
?

>>514843526
No it isn't, I bought my house for $415k in 2007, now it's values at over $1m. It's fucked, it shouldn't be worth that much. House prices have exploded, and wage growth is stagnant. People trying to get into the market now are screwed.

>>514843568
so what? this is the issue, you seem to have this weird belief that you need to own it outright immediately

>>514842228 (OP)
> Just pay $8700/ mo for 30 years bro

>>514843312
A house is an asset though. An apartment isn't. Every month you make a payment you are building equity that you can borrow against. Equity is literally how boomers built up all the wealth they have. Property ownership is still the number one way to achieve upward social mobility. That's why you should be doing everything you can to own property.

>>514843888
>I bought my house for $415k in 2007
Wow this nigger was robbed

>>514842228 (OP)
mortgages are basically slavery

I've never applied for a mortgage but doesn't the bank expect your post-tax salary to be at least double the mortgage fee?

>>514843918
yeah, you've been called out so just pretend mortgages are actually that high to cope with the fact that you cant save money because you are financially speaking a nigger.

>>514843781
You bought your house in 2020 and have an unusually low interest rate, probably in the 2%s or even 1%s.
>>514843830
>most people are incapable of saving money and are in fact total morons
Corporations and landlords would buy them, dumbass. That sounds like the greatest deal ever. Literal free money.

>>514843777
yeah just dont buy an expensive place, start with a 1 or 2 bedroom flat.

>>514843991
cope, go and pay your rent

>>514844031
Oh yeah you must be right and somehow all the properties I've seen WITH MY OWN EYES on property websites were just figments of my imagination

>>514844344
Post one.

>>514843996
I suppose it depends but doesn't Canada have vast cheap shit land?

>>514844374
No because I dont want competition.

>>514844439
According to the UK office of national statistics, average rent in England is £1300/mo. I'll assume it's like half that for a 1-bed.
Maybe it's time for me to invest in UK property, because with a relatively small upfront investment of £30,000 I could be pulling $2000/mo forever in passive income.

>>514844856
yeah Im sure mutts are right at the front of that que, its not as if you'd face any additional taxes........

>>514844856
that being said there are plenty of cheap places in the USA, just never managed to find them? that would require looking though.

>>514844963
Hmm. I'm paying half in taxes, that's more $1000/mo, and it'll take me 40 years to make my investment back instead of 20.
Yeah maybe not wise for me personally, but still sounds like a slam dunk from a corporate landlord.

>>514844412
Yeah but it's too cold and remote. Most Canadians live close to the US border.

>>514845404
Well arent you descendants of le based hekin pioneers and Conquerors

>>514845277
Here's one in your own country that I could halfway buy out right
7805 Agnes Ave, Kansas City, MO 64132
its 25k

>>514845996
>Kansas City, MO

>>514842228 (OP)
debt slaves are easy to bully

>>514846058
Horse cum makes a great salad dressing, after all Kamala makes a great bowl of greens!
Is it especially bad?

>>514846129
But we are all debt slaves, so pick you poison

>>514845996
Only problem with this is in America we have a lot of places with very cheap houses but no real jobs in the same area that could support such a payment. I'm in texas so it's a relatively good mix of cheap places outside of the cities where you can travel into and make a decent wage. Places like the Midwest are cheap because there are basically zero jobs and surrounded by crime. Nice safe places are almost always at least 100k more usually 200k or more

>>514843855
deep fake (and hgay) caravan phote..

>>514844856
you could rent it to angolan saxans through serco too. prolly fit 12 nigger in a 3 bed semi somewhere cheap. you'd be raking it in whilst helping with diversity and the cunclusion

>>514846468
uhm dude its not a deep fake its just a caravan.

>>514846673
nah, I looked. nothing about that phote is real, or in rhyl.

>>514846410
Yeah I'd heard similar things in the past and although I absolutely agree that's true. This kind of cheapness could still be an opportunity for property ownerships and business.

>>514846725
You base this on..?

>>514846782
fucking look at it again. it's a ruddy collage!

>>514846847
Oh fair it enough it is. hang on.

>>514846847
>>514843236
Here you go
>>514843561

>>514847237
Glad you spotted it after a second glance. You can call me Hawkeye.

>>514847314
Now you're talking.
I knew a woman with a dog who sold up and bought one like that once. She seduced my friend and convinced him to cut off his dreadlocks, even though she had a thing for listening to bob marley! She was from yorkshire and drove a bedford rascal. A bit haggard due to her being in her 50s, but not ugly or fat.

>>514846320
KC is one of our nigger containment zones

>>514847400
well you can call me Toph

>>514847548
We're all gonna make guys! The idea in my mind is to use at as a staring point and from there build a house on it.

>>514847607
>KC is one of our nigger containment zones
I didn't know that. I thought they were mostly in Detroit and Chicago up north. Still maybe rent out to them? I know they'll fucking reck it. But what are the chances of you making your money back before they do?

>>514847771
Not a dreadful idea, Toph. You could buy two, strap them together and fit them out with some nice bits and bobs from the ikea, or a local auction house.

>>514847938
Thats a rather splendid cat.
>You could buy two, strap them together and fit them out with some nice bits and bobs from the ikea, or a local auction house.
Maybe though I'd Worry about there long term survivability, I imagine they rot relatively quickly, my main worry long term is that I thoroughly suspect long term say even 10 years from now this country will be like the Russia in the 1990s which is to say falling apart and experiencing low level civil wars. still though having 2 acres with a fence around it is probably a good thing.

>>514848189
That cat looks like a handy accomplice to have.
>I'd Worry about their long term survivability, I imagine they rot relatively quickly,
Damp is something you have to consider when living in the statics. A dehumidifier is definitely a thing you'll need. If you don't buy a completely shit one I doubt rot will be a problem. If you do find a leak, fix it quickly. Cl02 tablets in some water can fix mouldy or smelly spaces, so letting some off when you get the thing should make the air in it seem inert. You have to vacate whilst it's off-gassing though, otherwise you'll fuck your lungs.
>my main worry long term is that I thoroughly suspect long term say even 10 years from now this country will be like the Russia in the 1990s which is to say falling apart and experiencing low level civil wars.
I've been trying to get this into parents and friends heads for years. I wonder if it's dawning yet? Seems to be to some degree, but they've not left yet.
> 2 acres with a fence around it is probably a good thing.
Definitely. I live in a small country town in the antipodes and am looking for something more like what you described. Having a long driveway seems wise.

>>514848877
I'm certainly not leaving. digging in is my choice. my mum recently bought a German Shepherd, also they live in bumfuck nowhere. The feeling that this actually real has sort of crystallised in my head. It reminds of What James Lovelock said (British scientist) "We all knew there was going to be a war, we just didn't know exactly when".
>antipodes
you an Aussie? If so remember, guns are only illegal if the police can find them or indeed report on them.

>>514848877
>Damp is something you have to consider when living in the statics. A dehumidifier is definitely a thing you'll need. If you don't buy a completely shit one I doubt rot will be a problem. If you do find a leak, fix it quickly. Cl02 tablets in some water can fix mouldy or smelly spaces, so letting some off when you get the thing should make the air in it seem inert. You have to vacate whilst it's off-gassing though, otherwise you'll fuck your lungs.

Also thanks for the Advice

>>514849184
>I'm certainly not leaving.
Fair enough. Had I not left a long, long time ago I'd prolly do the same. It's fucked to see the homeland fall into shadow from afar -it was basically ok when I left. I hope something good is at the end of this bit. Best of luck Toph.
>aussie
Nah, the smaller one. It's been generally good to us. Whether that lasts is obviously debatable.
Good luck old fruit.

>>514850515
>Good luck old fruit.
And you. are the Maori bad?

>>514842228 (OP)
It’s 20% down on a house that should only be 100-120K that is now priced at 250-300K. Not counting the note and if you get a floating mortgage, also taxes, and then utilities, food, etc.

>>514851034
>that is now priced at 250-300K
Its not though, Computer says no

>>514842228 (OP)
Down payment on the average house is like 15 or 20k nigger

i have 50,000+ and they said it wasn't enough for a first time buyer thing

>>514851556
Look at the image directly above your comment