Friendly reminder not to fall for the buy a house meme unless you are a real...

Deadlyinx
Deadlyinx

friendly reminder not to fall for the buy a house meme unless you are a real estate investor or landlord.

youtube.com/watch?v=6wXQ-5KVRaQ

Burnblaze
Burnblaze

Oh wow, you posted a video of a retard talking.

It's nice they let people with mental disabilities talk at wherever this was filmed.

LuckyDusty
LuckyDusty

butthurt mortgage slave detected

haveahappyday
haveahappyday

In the uk mortgages are usually cheaper than actually renting a house.

Plus after 20-30 years you have a nice rent free house.

Spamalot
Spamalot

wait for interest rate changes

BinaryMan
BinaryMan

This in the places in the US I've lived as well
If you're going to be paying $800 a month you might as well choose the option that gives you an asset (yes a house is an asset) in due time. Unless of course you're one of those >"I'm not falling for the jewish tricks so I'm making my mother put up with me for another 20 years" people.

Fixed-rate mortgages

whereismyname
whereismyname

t. 26 yo that lives w/ mommy and daddy

Garbage Can Lid
Garbage Can Lid

not sure why this is bad still

viagrandad
viagrandad

little more context
I'm a 24 year old with $5500/mo. income and $150k invested and still dont understand why Im supposed to buy, rent, or move out period, except to keep your housing market inflated

5mileys
5mileys

If you're 24 that's fine provided it isn't affecting your career prospects. If five years from now nothing's changed it'll be a different story.

lostmypassword
lostmypassword

it's called being independant kiddo. you'll see when you mature in a few years

kizzmybutt
kizzmybutt

How come?
What makes 29 me different from 24 me, and why does 29 me suddenly need four bedrooms to sleep in and three toilets to piss in? I've only got one dick.

TreeEater
TreeEater

The difference between Schiff and the average person is he already has sufficient wealth to not care about pissing some of it away on rent. Whilst the average person spends the majority of their income on rent and once all living expenses are paid have very little left over. For these people, If you can buy for the same (or cheaper) than renting then why wouldn't you? You end up with some form of wealth instead of nothing and for most of these people, a house is their sole or main form of wealth.

Although I do agree with his general sentiments that you shouldn't buy if you can't afford to, shouldn't treat it as a guaranteed money maker and should understand there are downsides to owning a house.

Burnblaze
Burnblaze

the difference between being independent or not is paying rent or a mortgage?

Emberfire
Emberfire

do you have a girlfriend or boyfriend?

Flameblow
Flameblow

Some people become involved in sexual relationships with other people. This leads to more than 1 person living in a home. As well, some people do not want to live with their parents or in an apartment where they can hear their neighbors fuck.

RavySnake
RavySnake

There's nothing wrong with it. It's just stigma and societal expectations. If you're happy doing what you're doing, keep doing it and fuck everyone else man. It's your life. I'm 29 and still living with my parents. I have a shit ton of disposable income, a nice car, a motorbike, some investments and a decent amount of cash savings. None of that would be possible if I lived alone because my entire paycheck would go towards rent/utilities/living expenses. I do want to move out, it just doesn't make sense logically.

CodeBuns
CodeBuns

Peter Schiff is a master level troll.

He knows very well a house is a good investment as long as you make a good buy.

But he talks to the general public like everyone is a complete fucking moron, so thus he recommends renting.

GoogleCat
GoogleCat

Maximum autism right here.

Fuzzy_Logic
Fuzzy_Logic

Either roleplay or exaggerated numbers for a 24 year old, but anyways, it's about independence. I used to think like you as well and thought, hell, why don't I just move out at 60 and buy myself a great big mansion with all my glorious savings.

The truth is, moving out too late in life affects your psyche. I read about this somewhere, apparently moving out makes big changes in your perspective and way of thinking that you could never feel while leeching on to your parents. You'll devolve into a manchild if it's too late (at 35 or something) and will have problems adjusting to adult life. Being independent earlier awakens the adult in you once you move out and experience real life with all its hurdles and hoops, it will actually change you as a person. I definitely felt it when I moved out, started caring more about expenses and yearly goals, started having an easier time with women, started feeling more respectable and had more emotional stability, it's difficult to explain the overall feeling. But it's definitely justifiable.

Raving_Cute
Raving_Cute

gross
no

so suddenly a third of your income should vanish? because you need to get your dick wet?

Well sorry man but no matter what options I try and evaluate they all seem like a big hassle and big expense for absolutely no meaningful reason

I hope you've made sure to throw around some topsoil and fescue seeds around, or else your neighbors might get angry at the dirt spots in your lawn. After all, you're lowering their property values!

Poker_Star
Poker_Star

all you need is one lucky investment and to save for those number. theyre believable numbers

Emberfire
Emberfire

I dont understand why people are against purchasing a house. Why would you throw away 12k a year on rent? Id rather pay for something that will generally keep its value than pay for someone else to make a profit.
b-b-but taxes and other expenses
If you are renting an apartment for a price that is costing your land lord money then good for you. The rest of us are paying over $800 a month in profit and we cant even claim the taxes at the end of the year.
Im looking at houses right now. $80 a month in property taxes. $250 in HOA fees. $80 a month in insurance.
How is that more than rent?
The only justification for not buying a house is that you live with your parents in a house they own.
Please red pill me on not buying a house because I dont get it.

Garbage Can Lid
Garbage Can Lid

It's ok, we understand living with autism can be tough. You're doing a good job arguing with people on the internet though.

w8t4u
w8t4u

not sure what about my position is autistic
ad hominem is for people with no good arguments

LuckyDusty
LuckyDusty

It's because the only reason people live with their parents well into their 20's is because they're disabled. Most grown adults will move out strictly to be able to have long bouts of loud sex and not have to deal with parental rules they've found disagreeable for years. Defending your non participation in those coming-of-age rituals to save a few bucks on an anime image board strongly suggests you're a fucking autist.

ZeroReborn
ZeroReborn

Rental yields in my city about 3%, I can make more than 3% with the money and believe property has just about reached the moon, more profitable to rent.

TechHater
TechHater

It's pretty disingenuous to say you are throwing away money renting. You're getting a place to stay and the flexibility to move without nearly as much headache as trying to move from and sell a house (or rent it out.) Yea obviously they are making money on you but owning a home isn't cheap either.

Im looking at houses right now. $80 a month in property taxes. $250 in HOA fees. $80 a month in insurance. How is that more than rent?

It's not when you conveniently leave out the mortgage. Also those numbers are irrelevant because the costs of owning a home differ per location. You're also ignoring eventual repair costs.

Owning a home at this point in my life would be foolish as I am not near peak earnings in my career (IT), so being able to move for any potential job is something I need.

Spazyfool
Spazyfool

Honestly you're just gaslighting yourself with the flexibility meme. Lot of times you're just going to get stuck with the lease if you go all free spirit. Also if you're any kind of professional who needs to move for work there will be a relocation package that includes a house buyout.

girlDog
girlDog

grown adults will move out strictly to be able to have long bouts of loud sex
you don't think this is pathetic? you think doing the opposite of this is indicative of mental disorder?

to save a few bucks
how exactly do you think it is I have the net worth I do now? cryptocoins and kneepads?

if an employer has to foot the bill for relocation, you are critical to the growth of that location, but most likely you're just a run of the mill employee, so that is extremely rare

we all know the stats, the highest income growth these days results from moving companies, not transferring within the same one

likme
likme

No I guess people have been doing things like purchasing houses to have sex and have children for a long time now and it's generally not considered a mental disorder.

Most people don't need that explained to them.

hairygrape
hairygrape

grown adults will move out strictly to be able to have long bouts of loud sex
you don't think this is pathetic? you think doing the opposite of this is indicative of mental disorder?
Without adults making purchases with their romantic relationship and sex in mind our economy would maybe be 1/3 of the size.

AwesomeTucker
AwesomeTucker

didn't imply that it was
just that the opposite wasn't

why does that mean you should do it too?

Every time one of these threads pops up I post the same thing and no one cares

Your primary residence, whether rented or bought, is not an effective investment. People purchase a house out of NEED. Yet somehow, every time, people come in and argue that you should still do it even if you don't NEED or WANT it.

That's why this time I thought it be fun to try to see the mental gymnastics that come out given my own circumstances.

JunkTop
JunkTop

this guy trolling us or maybe just content having his bloodline die out from being a virgin for life

Fried_Sushi
Fried_Sushi

mortgage
Im paying for my house in cash and any money you pay on principle doesnt vanish. The real factor is how much you are paying in interest and I cant account for your credit score or the amount you need to borrow and the amount you overpay to negate interest. Paying $10000 a year for the rest of your life with that money disappearing in thin air vs paying $250,000 between one day and 30 years and the house retaining at least 70% of its cost even with major repair damage which in theory is negated by the insurance. Liquidity is the biggest concern.
The area Im talking about is $1200 a month average for rent and is a sellers market right now. I have taken this into account in my own planning. Im also not saying that someone who makes $20k a year should go out and buy a house.
You also have to take into account that rent is not fixed. You have to renegotiate every year and might have your lease terminated for reasons outside of your control.
You would need to make at least $8k a year just to offset the money you waste on rent. So 3% of a $200k house is $6k so in total you would need to make $14k a year to really make a profit. Plus you can always take a loan against your house and invest that money. This has really been the deciding factor for whether or not to buy for me. Crunching the numbers for my own skill in the market makes this infeasible for me. I dont have the skill to pull 10% on my investments every year.

Firespawn
Firespawn

The opposite is literally a mental illness. Have fun raising a fish and leaving all your vidya game skins to your nephew.

StrangeWizard
StrangeWizard

If you own or borrow your home from a bank you are going to lose 10% of it's value every time you move. It makes sense if you are retired and looking for a cheap place to live for the rrst of your life, but for young professionals living in high cost of living areas and with opportunities for career advancement by changing jobs "owning" a home is retarded financially.

Nojokur
Nojokur

buying a depreciating asset
Of course. It's dumb.

Nude_Bikergirl
Nude_Bikergirl

Fixed rate mortgage, idiot.
Learn how to Google more than chanCoins you fucking pleb.

Garbage Can Lid
Garbage Can Lid

33 year old neet loser here. I gave up on societal expectations long ago...

Just waiting on an old relative to croak then i inherit 2 houses... I'm going to rent them both out and spend the rest of my days sitting on a beach in Hawaii or Miami. You guys can have your career bullshit. I'm gonna enjoy what youth i got left, Money ain't gonna do me any good when im 60 and in a rocking chair.

happy_sad
happy_sad

You have the same mentality as a welfare queen except of sucking from the government you're latched onto your parents. You're a parasite. Something that should be exterminated.

idontknow
idontknow

because living with your parents is awful and you will never get a GF.

Firespawn
Firespawn

Because you will never fully be an adult without living on your own.

No, the difference between being independent or not is not being reliant on your parents and living on your own.

None of that would be possible if I lived alone because my entire paycheck would go towards rent/utilities/living expenses
utilities/living expenses
See this is the thing. How are you saving money without shifting some expenses to your parents? And if you are shifting expenses to your parents then you ARE being a leech, regardless of if you pay rent or not, because there are other things besides rent and the fact that you don't know this shows how much you need to live alone because you clearly have no idea how the world functions (this is going to Veeky Forums in general, not you).

You're focusing on a few specific words and not the overarching statement. It's autistic because you have no desire to be independent and don't care about personal freedom because what you have is already working.

how exactly do you think it is I have the net worth I do now?
At the expense of your parents being financially, personally, and physically burdened by you. Again, right now it isn't an issue since you're only 24, they should have no problem supporting you for a few more years than they were supposed too. But when you're 30+ you're putting an unreasonable burden on them that they never asked for. They want to retire and live their life but they can't because you're dependent on them like a child. Sure, their kid will be wealthy, but I don't think they care if it means they have to take care of you until they physically can't anymore and never get an ounce of freedom after you were born.

If you own or borrow your home from a bank you are going to lose 10% of it's value every time you move
?

Please explain to me in at least 50 words how a house is a depreciating asset.

Flameblow
Flameblow

paying a mortgage

might as well make the check out to (((Goldberg)))

BlogWobbles
BlogWobbles

I'm trolling you? I clearly have the savings and income to move but I don't because it's a stupid idea. The clear majority of reasons presented have been
muh dick
and some vague concept of "independence" (I wonder how often independent twenty somethings cook their own food vs. eat out, or change their own oil)

what mental illness
what will the shrink tell me if I tell him this
record numbers of people don't want kids, ever
what does the DSM say about that

I'm a parasite because I don't pay rent? Sounds like my attitude is a threat to your way of life, since I'm compensated for my labor but don't consume, thereby subverting your capitalist system.

33% of your income vanishes because of this insecurity

DeathDog
DeathDog

multiquoting all of Veeky Forums
This is not the correct way to use this site.

GoogleCat
GoogleCat

Every time you sell a home you lose 6% to realtor costs and at least 5% because of the lack of liquidity. If you leave it on the market for longer, then there are potential returns in other places that you are forgoing. You are financially illiterate if you think that "buying" a home is a good idea for anyone not retired.

Sir_Gallonhead
Sir_Gallonhead

here are other things besides rent
list them
I came up with utilities, groceries, insurance, phone bill, transportation
if you lump rent with utilities, that dwarfs the other things
why is your central implication that inhabiting a room in your parents house equivalent to them wiping your ass every morning?

likme
likme

I wonder how often independent twenty somethings cook their own food vs. eat out, or change their own oil
i going hope you know how to cook by now. does mommy pack your lunch for work still? i wish you luck when you become a big boy.

Firespawn
Firespawn

Oil change costs a whoping 23 dollars at any jiffy lube. Food is sold at grocery stores. You go in, Pick out the kind of food you want and then buy it and eat it.

Wow being independent is so hard. I'm a loser neet and even i know this.

Ignoramus
Ignoramus

my point is switching from your parents cooking for you and doing everything to paying someone else to do it isn't independence

no but it took a lot of convincing to get her to stop making breakfast when I moved back in

Boy_vs_Girl
Boy_vs_Girl

Actually it is. Why should i change my oil when i can pay someone else to do it for me?

I can cook my own food btw.

viagrandad
viagrandad

I can cook my own food btw
wow, good job being 33 and all youre really ahead of the game

PackManBrainlure
PackManBrainlure

makes thread with a dumbass topic
argues with everyone that they should stay at home and live with their parents

What if you got a job that paid twice as much on the other side of the country? You would probably turn it down cause 'family' or some cucked reason. You think you're some star making 5.5k (post tax I hope?) per month. You're living at home with a slightly above average salary. It's a fine thing to do, but if you don't see the utility in having a house you're a fucking autist.

WebTool
WebTool

Thanks. It's pretty cool being a big boy.

Lunatick
Lunatick

Who the fuck wants to be tied down to a single house in a single city for all their life?

Fuck off.

Sir_Gallonhead
Sir_Gallonhead

How would you lose 5% from liquidity? Also its a lot easier to sell without a realtor than it was before. Why do you think 30 something moms do it? The problem is that you might not find a buyer for months. Your property will generally increase in price over time depending on where you are buying. Cheap property on the country will depreciate but you can look up properties history right this second to prove how the market has been.

$5500/m
33% of your income
Can you please keep your lies consistent. 20% is more realistic. Roleplaying in your childhood bedroom is fine and dandy but this is a business and finance board. Living in your parents house is fine but your parents paid for that house which proved its worth when their manchild son refuses to leave. So if your parents had listened to your advice you would have been fucked.
dont consume
Inheritance tax is way higher than sales tax. If you dont have anyone that can claim your inheritance then it all goes to government. The only way you could fuck the system would be if you lived out in the woods self sufficiently.

girlDog
girlDog

I'm not OP and I never said it's best for everyone

You think you're some star
projection, the point was that I clearly have the savings and income to move anywhere in the country, but wouldn't do so locally because it a bad deal all around

What if you got a job that paid twice as much on the other side of the country?
then I would have to do the math to adjust for cost of living and change in tax, seeing as your cost to move would at a minimum increase to roughly 33% of my now doubled income, so I'm not REALLY paid double

post tax I hope
slightly above average salary
insecurity

if you don't see the utility in having a house
as a single person who literally just moved to a new city?
what definition of utility are you using, exactly?

Inmate
Inmate

20% is more realistic
On a 30 year mortgage on a starter home that smells like cat piss in the darkest asscrack of the suburbs, yes it's more like 20%

TurtleCat
TurtleCat

Parents bought a house near city centre of Amsterdam 20 years ago for (now) around €225k
Now worth more than €800k

The whole fucking neighboorhood went from shitty subcity to yuppies and places that sell smugaccionos friendly neighbourhood

Lunatick
Lunatick

bought
paid off in 10 years @ average wage
now friends renting and handing over half their pay to a landlord.
How silly of me to have fallen for the buy meme

Sir_Gallonhead
Sir_Gallonhead

You live with your parents, babysteps would be renting not owning.

askme
askme

why
I rented when I moved out at 18
I could find a small townhome with low association fees somewhere

Skullbone
Skullbone

you insulted me
you must be insecure

No, I'm just trying to get you out of your fucking head. You're the one who posted their mid-tier salary in here.

When you pay rent, all of your money goes to the landlord's mortgage. When you pay your own mortgage about half goes into equity for the house. If you're going to be somewhere for a few years or more, get a house. Most people do not have the opportunity to live with their parents.

utility

My mortgage is around 17% of my post-tax income. I should really say it is half that because my girlfriend pays me rent. I have the loan paid down about 30k since I've been living here a few years, that's money that did not go into a landlord's pocket. I have a yard for my dogs. I don't listen to my neighbors fuck. I have a driveway and a yard to keep my vehicles off the street.

I see your point though, I'll sell this and go move across the country to live with my dad so I can be a special snowflake like you.

Techpill
Techpill

you sound boring.

Snarelure
Snarelure

I've lived on my own for 5 years, it's nothing special. Anyway, I spent all my time working/at school, so home is literally just a place for me to sleep.

Spamalot
Spamalot

I'm not sure how you got to 14, if we're using 3% on a 200k property it would be 6k pa to rent, if at the same time we have the 200k making 4%, we're in front 2k pa.

girlDog
girlDog

gee I wonder who could be behind this post

kizzmybutt
kizzmybutt

So many little manlets. Bought a house, halfway paid off, took a line of equity on it bought another house, its a duplex 4 units, RENT it. Bought another house i like it the most k move in nake my original house a duplex RENT IT. I make money off of all you retards that cant buy a house. Stay poor fags. Protip i started in miami.

StrangeWizard
StrangeWizard

renting a house
live in the basement while owning 3 houses and collecting rent monies you dip

Lunatick
Lunatick

Not that user but
Implying moving out is what's going to make women like me

I've dabbled in being homeless here and there but haven't graduated college yet or gotten a well-enough paying job to move out. 21 here.

FastChef
FastChef

Fixed rate for 3 years, variable rates for 27 years after. Remember to read the small print.

Illusionz
Illusionz

rent
might as well flush money down the toilet while living under a bridge.

Stark_Naked
Stark_Naked

This. (((They))) want you to fall into debt slavery so they push the house, car, wife, kids meme.

Lunatick
Lunatick

your net worth would be way higher if you split rent with the roommate and stuck all the house money in equities

Evilember
Evilember

There are more important things than net worth.

takes2long
takes2long

i own my own home, i am better than everyone on earth that does not. suck my dick rent cucks and NEET fags

TechHater
TechHater

The entire "b-b-but it's a liability" argument is based on the retarded idea that renting can't also in itself be a liability.

b-b-but on paper tenants are protected by law!!
It's simply incoherent and even hypocritical to criticize buying based on a pragmatic argument, and then to refuse to apply pragmatic thinking to renting. If you're going with "on paper", then buying is objectively MUCH better than renting. If you're going with a pessimistic "but in practice" argument, then you also have to recognize that the entire value of your rent is always at risk of going to shit if your landlord is enough of a fuckwit. And if you think no such thing exists and landlords never do things which royally fuck with their tenants, and that "the system" will always flawlessly protect tenants, then you're applying wishful thinking.

All of this being said, it is true (and fairly obvious) that one should always take into account that the value of buying a house is always going to be higher than simply the value of the house itself (especially if you're unskilled in and/or unwilling to do home repair).

Bidwell
Bidwell

Actually there's a simple algorithm

If you know you want to stay in one place for considerable amount of time
buy
If you want to have freedom of movement and change location according to your whims/career
rent

Deadlyinx
Deadlyinx

Section 8 moves in tmr
you can't do shit
COMFY?

TalkBomber
TalkBomber

section 8
blacks even dreaming of affording my zip code

TechHater
TechHater

hindsight investing sure is fun!

Garbage Can Lid
Garbage Can Lid

due to unforeseen circumstances, im currently homeless, have a little bit of savings but they wont last long.

any rich user want to give me 5,000? cheers.

Bidwell
Bidwell

tfw you're a buyer of houses ruined by irresponsible home owners
tfw you fix'em up and rent them out
tfw when irresponsible retards are entering the housing market every day, providing you with an endless supply of cheap wrecked houses
tfw OP is actually kinda right for once

Its pretty simple folks, live below your income and you wont live paycheck to paycheck just so you can have the fanciest cuck-shed in the yuppy neighborhood.

New_Cliche
New_Cliche

If you are a real estate investor or landlord you should kill yourself

Fried_Sushi
Fried_Sushi

I can mortage a home for 200-300$ less than it would be to rent it, because my town is retarded and has a high demand because of the navy and noggers that dont know how to own homes.

girlDog
girlDog

Live in NYC
heater leaks upstairs
they are out of town
It floods their apartment
Causes leaks down onto my apt
Any damage to my stuff in my apt is my liability

N A N I
i'd rather lived in New Jersey in a small cramped house and at least own my shitbox than live in a towering fuckbox with angry psychopaths living in various places.

Booteefool
Booteefool

Why is being a landlord a bad idea?

viagrandad
viagrandad

peers, parents and family is always pushing hard on us to buy a house and I always explain them that a house is a fucking liability and that a 300k mortgage isn't an asset but they're always acting like "oh poor little boy". Fuck them I've got almost 100k in investments. I don't need to scrap it all on a fucking shit shack. Right /biz?... Right?

massdebater
massdebater

In the same boat user. 25. What SHOULD we spend this money we've saved up on?

PackManBrainlure
PackManBrainlure

an average of $934 a month and get nothing
pay an average of 1,061 a month and own a house
Someone explain to me how renting is ever a good idea. It seems like a retarded scam on paper.

Firespawn
Firespawn

That's why I stopped myself from getting my RE license. Couldn't do it. It wasn't that I didn't want the money, I damn sure did. Just didn't like the fact that I had to kiss niggers asses, follow the FHA letter by letter, and sell houses to idiots with more money than sense.

There's honestly no point in owning a home in this day and age. I'd rather rest easy knowing my management company or landlord will take care of any issues with my HVAC unit instead of having to get a personal loan to fix the fucking thing.

Either that or buy a goddamn condo. You get the privilege of owning something (somewhat) but the luxury of not having to do shit.

TalkBomber
TalkBomber

According to these idiots? Yes.

BlogWobbles
BlogWobbles

oh right, being owned by a bank for a few decades is being independent right? COOL!

Enjoy your meme

CouchChiller
CouchChiller

Sometimes yes, right. Sometimes no, wrong.

Land

ZeroReborn
ZeroReborn

Fucking right. But most people view property as the best possible investment, and it looks fucking excellent because the only alternative they can fathom is stock market. Even on /biz it's nothing but buy a house and rent it, or learn to trade.

StrangeWizard
StrangeWizard

Kids are convinced their mixed tape is going to be fire and they don't want to be burdened by a mortgage when they have to move to LA.

Illusionz
Illusionz

renting is great that's why the rich landed gentry all rent haha we sure showed those mortgage cucks r-right guys

Raving_Cute
Raving_Cute

Finally someone who makes a bit of sense.

FYI: I'm in an apt with a wife, not a neet

Keep saving it, if some day you NEED it, you'll have it. If you NEED a home for a family, go buy a house with your big pile of cash. But otherwise I cannot comprehend why I should move out in a house doing the same as I do no but with a shit ton more home-related work and bills. My nice and big yet cheap apartment is perfect. I guess it always comes down to your needs user

Lunatick
Lunatick

If you are moving around a lot, property is not a good idea for an investment. You need some degree of proximity and personal use to get out of it.

MPmaster
MPmaster

yes goy! dont own your home!

Poker_Star
Poker_Star

This. I literally at that 29 year old guy mentioned earlier. I mean, sure, I'm disabled and use what energy I have to care for a sick parent, but in the end I still look like a lazy fuckup to the outside world.

Even if I was healthy enough to work, I'm not interested in moving out or being 'independant', at the very least until I am financially stable/and/or wealthy. My family means a lot to me. I might have a kid or two when I'm 40, but the next decade at least is going to be spent trying to gather what money/wealth I can while I only have to pay a third of some of the household bills rather than a metric fuckton of expenses that living alone would bring.

It's not even that unusual. If someone in this town is my age, they are either sucessful and married with kids, living at home with family because it makes financial sense, or... a little 'off'.

I've lived alone. It was shit. Nothing magically changed in my life, except most of the things I already did or needed to do became harder or more essential (doing all the shopping, rather than doing an occasional run because it was my turn) and new shit like handling all the bills, phonecalls, repairs, and so on. I could handle it, anyone can, but when it comes right down to it I didn't need to. Being disabled, it was even more troublesome.

Also, the thing that made me change my mind, was ultimately it was fucking lonely. I'm a bit of a homebody anyway, meet up with friends twice a week for a few hours if my health holds, and occasionally go sit in a bar or cafe. But coming home to a dark apartment, sitting alone idly browsing the web, gaming, or watching Netflix, it eventually starts to feel hollow without family.

I suppose this is where getting a parter comes in. Get married, have kids. Except, that's creating a solution to a problem I created. It's prqactically circular. One day I probably will, but I want it to be a choice and something I prepared for, rather than a 'reaction' being lonely.

Skullbone
Skullbone

See this is the thing. How are you saving money without shifting some expenses to your parents? And if you are shifting expenses to your parents then you ARE being a leech

Not that guy, but you just went full retard. If I pay for a third of the utilitity bills in a house of three people, pay for my part of the food, use a room that already exists and would be otherwise for storage, while also putting in extra bits (like replacing a broken piece of furniture) and doing runs to the store, I'm a overall benefit. This is also saving money, because doing all this still costs vastly less than having to live alone.

I mean, fuck user, why do you think people carpool or students share accomindations? Splitting expenses just works out cheaper.

It's fucking emabressing that I, a disabled NEET, has to explain this to someone who claimly worldly wisdom. It's almost like living with family and not being able to work doesn't make you a drooling idiot or something.

CouchChiller
CouchChiller

Paying rent makes you the biggest cuck ever.

You are literally paying off someone else's mortgage.

If you have good credit and some savings, there's no reason you shouldn't invest in a condo to live in temporarily, and then lease out when you feel like moving.

You can have a realtor do this for you, and then by using your credit and a down payment, you secured a long-term investment that is being paid off by the renter.

Just look at it as a 20-30 year investment.

Anyone else saying otherwise is retarded.

Fuzzy_Logic
Fuzzy_Logic

Oh wow, you posted a video of a retard talking.
found the delusional keynesian shill

Nojokur
Nojokur

Why would you throw away 12k a year on rent?
Canadian here.

Because the housing market is in a bubble

if I rent I am actually SAVING money

PurpleCharger
PurpleCharger

Gonna be buying in the next couple of months. A decent apartment in my area costs minimum $1100. I'm looking at a house worth 120k and putting 10k for repairs. If you ignore the fact that the house is gonna be worth 150k-160k after the repairs and consider only money spent monthly. I would need to have a 9% interest rate on a 25 year mortgage or have a 17 year mortgage to have the same mortgage payment as a rent payment. Even with taxes, money set aside for yearly maintenance, utilities, excluding tax benefits and ignoring the equity that you're building it's still cheaper to buy a home in my area/situation.

As far as being a mortgageslave, it's better than being a rentslave.

ZeroReborn
ZeroReborn

Depends where you live. It can be a damn good investment if you buy at the right time in a good area. Next time my area takes a dive (And we're overdue for a big fucking correction) I'd buy in big and get tenants to pay for it for me. But now? Not a fucking chance.

Soft_member
Soft_member

Speak for yourself, I was already a responsible and mature person so nothing changed for me when I moved out except that I was more lonely.

Emberfire
Emberfire

So I don't disagree that living on your own for a while helps you build some skills and self-sufficiency out of necessity, but a while isn't very long, a couple years is all it takes

the only counterargument I saw in here was "hurr durr muh pussy faggot what's wrong with you haha"

TurtleCat
TurtleCat

And when you move 2 years later you'll be stuck paying 6% to a realtor and selling it for 90% of market value because no one is interested in buying it and you want to get rid of it immediately.

Lunatick
Lunatick

Buying a condo is the worst of both worlds, you still have to pay the HOA fee and follow the rules

SomethingNew
SomethingNew

Or you move and you rent it out for more than your mortgage payment and have the realtor take care of it.

It's an investment that pays for itself.

Why would you sell it immediately if you wanted to move, are you retarded?

JunkTop
JunkTop

Where I live in the Netherlands if you buy a new house you already made a hundred thousand euro profit before it's finished.

Stupidasole
Stupidasole

Pretty much this

Renting is a scam

Deadlyinx
Deadlyinx

op doesn't know about imputed income

I'll be paying the same price in ten years while your rent skyrockets.

Techpill
Techpill

really makes u think

Nude_Bikergirl
Nude_Bikergirl

pic of stash of cash or get lost gringo

Fried_Sushi
Fried_Sushi

buying an extremely overvalued house is a scam

iluvmen
iluvmen

Retard here, does literally mean there were times you receive more than 10% interest on bank deposits, or are those rates just for loans?

likme
likme

except when you can't find a tenant
except when you are tired of not being able to find tenants and hire a property management company to do it for you
except when the property management company rents it out to some nigger who never makes payments and trashes your home

Poker_Star
Poker_Star

It's illegal to rent property to niggers.

Methnerd
Methnerd

He fail for the worst b8.

Fail

Skullbone
Skullbone

(yes a house is an asset)

AHAHAHAHAAAHAHAAAAAAA!!!

my sides!

Kid...

Just. No...

TalkBomber
TalkBomber

Topkek reply main. 31 here.

As u get older u may find a wife or bros u wanna live with. U might get a social lufe with friends. Might wana a spare bedroom to offer company instead of a floor. I live in a converted duplex and got my sac cut. Like 5 bedrooms and still not enough room.

VisualMaster
VisualMaster

This. Although hot bitch next door is fun to hear scream, its fuckall annoying trying to sleep and u dont get it anyway

TechHater
TechHater

Yup

CodeBuns
CodeBuns

Water pipe freezes and blows. -10 degrees. Gotta dig out the water main to shut off and belly crawl under house. Dick around for 2 hours freezing your ass off cold and wet.

No hot shower because still not fixed amd gotta change cloths to go wagecuck for 17 hours.

Or

rent.

Spazyfool
Spazyfool

Yup. I care user. But it doesnt matter. Because 400 autistic children wont fuckimg listen

Stark_Naked
Stark_Naked

Maybe not yet but u keep it up and dont listen to these fsggots and u will be rich

Raving_Cute
Raving_Cute

mfw no kids.
mfw pond and only 1 giant grass carp
mfw nephews are heirs.

Nude_Bikergirl
Nude_Bikergirl

Topkek

Evil_kitten
Evil_kitten

this logic...

U retarded cuck. Get a job. Your houses will be shit and u probably wont even get them.

I'm 31 with 2 houses and IF you can make any money it takes 100 times the effort you put into shitposting.

Have fun broke and poor sacking my groceries at 79 u fucking dumbass

viagrandad
viagrandad

Truly sad

w8t4u
w8t4u

Shitholes degrade over time amd if your town is dead prices go down.

Without autism amd retardation you are right tho. Almost cant fail

iluvmen
iluvmen

paying a rent.

May as well make this checkboutnto my landlord who i am a slave to

likme
likme

Always change my own oil. Almost neved cook

kizzmybutt
kizzmybutt

Told my shrink i hate kids and got cut. He just shrugged.

He was a faggit tho so who knows

Poker_Star
Poker_Star

I believe that these are the rates that the banks get.

Playboyize
Playboyize

visits mexican boot buildimg website
autisticly tells people how to use it.
unironicly cant even do it right himslef.
rwplies to my shitposting here because i know he will...

Sigh

Gigastrength
Gigastrength

Sticking 1/4 inch "stone" tiles onto the exterior of your home to make it look better.

Why the fuck do people do this? It looks fake as fuck.

Deadlyinx
Deadlyinx

He doesnt have have 30 houses leveraged..

Methnerd
Methnerd

Fixed rate 30-year mortgages
Fixed rate 20-year mortgages
Fixed rate 15-year mortgages

Where the fuck can I get any of the above?

Carnalpleasure
Carnalpleasure

He doesnt have to list shit retard. Living is expensive and surprise shit happens daily.
start savings account
tree cruahes garage
insurance fags dont like my wood stove
don't like 5 monkey trees.

Now i get to pay to have trees cut down, rebuild my garage side and roof, move wood stove, run gas lines, get gas heaters for giant shithole etc...

Savings account with over $2,000 opened and closed the same day.

Got a new $10,000 or so to come up with

Sharpcharm
Sharpcharm

Not him but fuckoff. 31 and cant cook for shit.

Skullbone
Skullbone

he hasnt had a rude awakening

Burnblaze
Burnblaze

America

Evilember
Evilember

this. it doesnt seem like a management company can be held liable for ANYTHING. even if they get caught faking inspections, its a total "landlords' risk" system

SniperWish
SniperWish

I do. I fucking love it here. Been in almost all major cities. Seen canada and mexico both. 0 fucking desire to go there or ever leave my shit town. That being said tho a few investmwnt properties arw taking off. Descided to litterally build cucksheds with it. Small shitty cabins all over the world. Pay some autists to care for it. Put cameras up and check on them from my phone or tv. Stay anywhere i want in the world for cheap. May even buy a few shitbox cars in australia and germany. Dunno. Trying to be a cheapass and still see the world

CouchChiller
CouchChiller

this is business and finance board.

Kek. U dont know that hiro or one of the mods is the ETH oumo and dunp shill that needs to cut his dick off witha rusty butter knife?

JunkTop
JunkTop

Top fucking kek. Samesame brother. Glad i got a yard for doggos when they cant come to work. Promised my lab i would get him a house in the country to run in when he was a pup. Next year and 9 years old hopefully i make it reality. Poor old bastard.

StrangeWizard
StrangeWizard

Lived on my own for 3 times that. I gotta say bro, working like that kills your soul. Work 60 hours or less and have a life

Ignoramus
Ignoramus

Have 2 shitty houses. Buying a not so great house to live in. You are my hero. Any tios for a newb like me?

Fried_Sushi
Fried_Sushi

What meme faggot. Its human nature. Generally people pair up and die. Most have kids because rubbers suck or women lie. Then they get a few cars for transportaion to and from work. Then die and their kids repeat the cycle.

I got 6 cara becauae hotrodding is fun. Got a wife because for some reason she likes me and on occasion will let me stick my dick in her. Got cut because i hate kids and as stated, i like fucking my wife and hate rubbers.

As you get older your perspective changes.

I was near psychotic trying to get rich and descided buying and old house ina woods is all i want

Harmless_Venom
Harmless_Venom

i own my own home.

Uhh.... me too faggot but they will never actually be ours

MPmaster
MPmaster

I sincerely hope they automate the bagging of groceries process within 45 years. You make a good point tho

Soft_member
Soft_member

not selling your house or just giving it away when the welfar fags get in it.
not knowing a shithole trailer hluse goes for $800 a month and uncke sam pays me my rent whike jose and shawuanda live off of my paycheck.

Gotta learn all aspects of everything bro.

Its a shitty lifelong job but u have to

farquit
farquit

soesnt know that his parents tax money pays for his neighbors' welfare groceries and food stamp beer.

viagrandad
viagrandad

Not rich at all bit i may be able to hook u up with a tent or a job if u live near wichita ks or tulsa ok.

cum2soon
cum2soon

So true. Dont forget to expand your means tho.

Live cheaper than you could and always reinvest the extra.

Give yourself a one or 2 time a year raise whike beating inflation and growing your wealth. Dont be affraid to get your hands dirty but dont be a cuck. Bill gatea doesnt dig up his own sewer line.

w8t4u
w8t4u

wat...

Buthurt shitcoiner or neet detected.

I am both amd also fuck u faggot. Suck my 1 inch dick

iluvmen
iluvmen

Me too. But with renters insurance unless your dog drowns or something all your shit can be replaced

idontknow
idontknow

It aint if u arent a retard or a faggot.

Im losing $50 a month on paper renting a house to a buddy cheap. In reality tho its not sitting empty, he is a bro so there is some, he can call me when shit breaks, i can fix it whenever i want because he doesnt care or even ever home, and hes paying almost 100% of the mortgage on my shitty house. Plus we were roomates once and i know hes slow af but reliable with the rents and wont intentionally fuck up my shit.

lostmypassword
lostmypassword

do you mean a self checkout?

Poker_Star
Poker_Star

Right. That being said tho i am shitposting from a $21,000 house with a crushed in garage and own the $10,000 cuckshack next door. They are both shitholes and while the price doesnt have interest in there i soend a lot just to keep up with them. Both time and money. Hopefully moving soon. Fucking hate this place

Techpill
Techpill

Buy some personal finance books and study asset protection.

Personally i would spend it all on house doenpayments but landlording is just like anything else. Takes a skillset amd hard lessons. For me its worth it. To some it aint

Methnerd
Methnerd

Not responsible for dick all. Can box up your shit and leave anytime. Its just trading money for peice of mind.

PackManBrainlure
PackManBrainlure

U brilliant mutherfucker... im getting a condo. Sadly with my location its likely i will have to build the fucking thing ans section 8 it. Fucking kill me

Snarelure
Snarelure

what are credit unions
what are lease options
what is paying cash
what the fuck is wrong with u.

I have 2 houses and probably getting a 3rd soon. All of them rent to own. 0% interest. I am buying houses left Nd right and paying HALF of what cucks pay in interest all without it even showing up on my 750 credit score so i can become an interest cuck the second i find a deal that makes sense.

Stay mad faggot

Emberfire
Emberfire

Meh, banks love loaning against it. Its easy to sell and rent. Uncle sam has a billion tax loopholes for u. May not be the best for all but its easy af and for the foreseeable future its my road

Firespawn
Firespawn

Mixex tape. My fuck we are old...

SniperGod
SniperGod

Yes u fucking stupid ass. All of the rich rent. Understand basic fucking asset protection or contain your autism in a fucking shumitcoin pumo u degenerate fsg

StonedTime
StonedTime

S.N.C.??? I see you. Love u brother. Mostly nohomo. I wanna buy u dinner at that mongolian place soon.

If it aint u then fellow cripple here. Everyday shit sucks even more dick when u can hardly do it. Bonus points for "used to" be able to do it and remember the good old days with every painful step.

PurpleCharger
PurpleCharger

Kek. Wtf u do if u dont mind my asking? And if u arent sc. Fucked up and crushed my foot at work. Got to oay for it in cash and still work overtime in pain. Luckily my job is easy af but it sure is irritating.

BunnyJinx
BunnyJinx

Yup. In most cases anyway

StrangeWizard
StrangeWizard

Kek. Save up for the next great recession brother. Like clockwork. I swear people are fucking nuts...

Ignoramus
Ignoramus

Yap. And always tripple you repair guess. That 10k will ne 30k or more. Owning can suck some seious dick but every ladlord i ever had was a prick, cick, or lazy af.

Stupidasole
Stupidasole

If by coreection u mean the next great recession of 2008 then yup.

Get it son!

Dreamworx
Dreamworx

Shit. I dont use realitors, buy a house and immediately put a for sale by owner sign in the yard every time and try to double my money, and i will die of old age with them if they dont sell or need bulldozed. Idgaf. Am actually looking for a realitor book right now just to take the test and get access to the mls if anyone has advice. All the realitors i know took an expensive online class or 5 week course. Im just gonna read a book and test out.

Stark_Naked
Stark_Naked

So gay... i will probably have a few still tho. Better than apartments and i cant afford to drop a cuckshed in the middle of vegas for a vecation home

Nude_Bikergirl
Nude_Bikergirl

Topkek. Where abouts man, id love to get 100k a pop in this bubble

Crazy_Nice
Crazy_Nice

Most of the time yes.

Harmless_Venom
Harmless_Venom

20% interest. Fuuuuuiuuckz

Boy_vs_Girl
Boy_vs_Girl

no because I still have to bag the groceries myself.
I mean a machine that picks the food up and puts in a bag. I bet this whole processed will be surpassed by to your door delivered groceries anyway

MPmaster
MPmaster

illegal detected.

This triggered me

girlDog
girlDog

Probably loan rates.

5mileys
5mileys

Lol right? At least with brick you know ubcan die of old age in it...

takes2long
takes2long

The bank or a credit union. Get a contract with an owner. 400 other ways.

askme
askme

Yap. Like anything else u gotta pay well for quality work. Most property mamagers are tryhard cucks and fucking lazy.

lostmypassword
lostmypassword

Kek. As a grocery bagger of 4 years myself i do to. I fucking hate the grocery store. Fucking autists i dont want to see amd old people that dont understand they need to get the fuck out of the way. Fuck... i just ran out of spicy v8 and bought 3 bottles online. My bro drives for fedex and has a key. 100 trillion times better opening boces on my couch then going to the store. I work by myself and if the wife is busy i can go lile 5 days without talkimg to another human. Still 0 fucking desire to go.

hairygrape
hairygrape

Yup. Thank i jef bezos i retarded fag. Bring me my shit robots.

Snarelure
Snarelure

he actually thinks the canadian housing market will never collapse

it's literally the biggest housing bubble in history
are you this delusional?

SniperGod
SniperGod

I think the post was unironic.

t. another Canadian 25-year-old living with my parents and saving for the crash.

hairygrape
hairygrape

I dont give a fuck about nazi canada. You backwards ass cucks do wtf ever u wanna do and leave freedom land alone. I was talking about america because its the only olace that mattera

SomethingNew
SomethingNew

just buy a caravan idiots

Methshot
Methshot

buy a house because rent is "throwing money in the toilet"
pay property tax to the state every year that's often more than rent would be
can get your shit taken away at any moment by eminent domain
have to pay interest on the mortgage, don't even "own" your house for 30 years of paying a fat check to some bankster for doing nothing
a nigger could move in next door and plummet your home value by half, effectively stealing 100k from your pocket

HUUURURURURURURURRRRRRR
Housecucks are retards. Vandwelling master race. Fixed property is a spook.

Or hell, the city/town you buy a house in could go full detroit. You pay 500k for something that is later worth about $1.80.

AwesomeTucker
AwesomeTucker

If you didnt eat the whole meal and instead split it with your friend you would have more money because you didn't eat as much.

Stunning logic.

He has the value add of a whole home instead of a room in a house with a bunch of other room mates.

Firespawn
Firespawn

Then what the fuck I'm supposed to do?. I've got 150k.

Evilember
Evilember

Anyone who can't work out the returns are almost always better via shares or REIT's than a residential shitbox shouldn't be investing.

Residential RE only ever works when rapid capital growth takes hold. There is no more growth to be had anywhere with astronomical rents or purchase prices.
In such areas ROI is roughly 2-3% gross, which maintenance costs, repayments, etc have to come out of.

An REIT for example will give you your 6-7% which has no maintence costs, and almost nothing can go wrong with it. It is in fact FAR MORE 'safe than houses'

Anybody who is interested in real estate and is investing in actual homes instead of REIT's is a dimwit.