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Forum » Wealth manager: Buying a home is 'usually a terrible investment' srs
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Thread: Wealth manager: Buying a home is 'usually a terrible investment' srs

post 1670117603 10-26-2022, 01:42 PM
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Wealth manager: Buying a home is 'usually a terrible investment' srs

A lot of people will tell you that buying a home is a good investment, but “that couldn’t be further from the truth,” says Peter Mallouk, a certified financial planner and president of wealth management firm Creative Planning.

Young homeowners in particular have figured that out the hard way: Underestimating the hidden costs is the No. 1 reason millennials who do own homes have regrets.

Full article :https://www.cnbc.com/2019/04/18/weal...nvestment.html

Wow! Absolutely brutal srs, dead fk srs
post 1670117663 10-26-2022, 01:43 PM
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¨ Over time, your home might increase in value, Mallouk says, but it probably won’t appreciate enough to offset all of the costs. Instead, if you took what you’d save from not buying a house and invested it in something that’s likely to grow in value, such as stocks and bonds, chances are you’d end up with more money in the long term. ¨

Wow! No wonder homecels are so triggered.

I'll stop making fun of them srs, now I feel bad
post 1670117713 10-26-2022, 01:45 PM
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Just checked the calendar and it's toward the end of the month. So rentcels predicted meltdown is beginning again. Pray for rentcels during this difficult time.
post 1670117953 10-26-2022, 01:49 PM
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its all with tom sowell, people never consider that there are no solutions only trade offs. they dont realise the underlying **** behind everything until later
post 1670118423 10-26-2022, 02:00 PM
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Originally Posted By tripod29⏩
Just checked the calendar and it's toward the end of the month. So rentcels predicted meltdown is beginning again. Pray for rentcels during this difficult time.
Mortgages payments are every two weeks....sometimes every week LMAOOOOOOOO
post 1670118563 10-26-2022, 02:04 PM
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I follow the advice of Grant Cardone and Kiyosaki:

Rent where you live, but invest in real estate.


Roberty Kiyosaki:

Anything that doesn't pay you back is not an investment.
post 1670118643 10-26-2022, 02:05 PM
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Originally Posted By EasyPassive⏩
A lot of people will tell you that buying a home is a good investment, but “that couldn’t be further from the truth,” says Peter Mallouk, a certified financial planner and president of wealth management firm Creative Planning.

Young homeowners in particular have figured that out the hard way: Underestimating the hidden costs is the No. 1 reason millennials who do own homes have regrets.

Full article :https://www.cnbc.com/2019/04/18/weal...nvestment.html

Wow! Absolutely brutal srs, dead fk srs
This is true for uneducated people for sure.

Rent is straight forward, even dummies can account that every month they need X amount of dollars for rent.

Owning a house though, there's a surprising number of people who don't even know property tax is a thing let alone accounting for other bills and maintenance of the house and property. So usually these people buy houses that they think they can afford the initial cost without accounting for anything else, and then they slowly get underwater in debt.
post 1670118773 10-26-2022, 02:07 PM
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Damn how many thousands worth of assets does brah have under his purview
post 1670118813 10-26-2022, 02:08 PM
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Originally Posted By MetroBrah⏩
I follow the advice of Grant Cardone and Kiyosaki:

Rent where you live, but invest in real estate.


Roberty Kiyosaki:

Anything that doesn't pay you back is not an investment.
Das it man, high IQ detected
post 1670118873 10-26-2022, 02:09 PM
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Originally Posted By Contribution05⏩
This is true for uneducated people for sure.

Rent is straight forward, even dummies can account that every month they need X amount of dollars for rent.

Owning a house though, there's a surprising number of people who don't even know property tax is a thing let alone accounting for other bills and maintenance of the house and property. So usually these people buy houses that they think they can afford the initial cost without accounting for anything else, and then they slowly get underwater in debt.
Cliff?
post 1670118893 10-26-2022, 02:09 PM
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post 1670118973 10-26-2022, 02:11 PM
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Crazy that a guy whose primary source of income is selling stocks and bonds is recommending buying stocks and bonds over real estate.
2 time survivor of The Great Misc Outages of 2022

Survivor of PHP/API Outage of Feb 2023
post 1670119033 10-26-2022, 02:12 PM
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Originally Posted By desslok⏩
Crazy that a guy whose primary source of income is selling stocks and bonds is recommending buying stocks and bonds over real estate.
Mortgage is due soon bud,













Act accordingly, srs
post 1670119053 10-26-2022, 02:13 PM
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Originally Posted By EasyPassive⏩
Mortgages payments are every two weeks....sometimes every week LMAOOOOOOOO
I pay my mortgage daily. Just lol at biweeklycels.
post 1670119083 10-26-2022, 02:13 PM
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strong cherrypicking article from 2019 , do the stockmarket next op
post 1670119093 10-26-2022, 02:13 PM
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Remember to invest the difference, OP. You need to make up for the rent increases next year
post 1670119523 10-26-2022, 02:22 PM
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Originally Posted By MetroBrah⏩
I follow the advice of Grant Cardone and Kiyosaki:

Rent where you live, but invest in real estate.


Roberty Kiyosaki:

Anything that doesn't pay you back is not an investment.
Weird advice.
post 1670119703 10-26-2022, 02:25 PM
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Originally Posted By Anachron⏩
Rentards tend to be stuck on the level of consooming Kiyosaki and guzzling Cardone juice.
Cardone is a Scientologist.
post 1670119753 10-26-2022, 02:26 PM
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Real Estate is the best investment.

But a Primary Residence is not an investment.
post 1670119943 10-26-2022, 02:29 PM
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The courts must be flowing the eviction process like a raging river rn. So many triggered rentcels on here the last week.
post 1670120053 10-26-2022, 02:30 PM
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I think they mean buying an investment property that you aren't going to live in

Which is 100% a bad investment today
post 1670120113 10-26-2022, 02:31 PM
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Originally Posted By Deutschlandbrah⏩
Remember to invest the difference, OP. You need to make up for the rent increases next year
Where I live they can't increase the rent more than 2% per year rofl just fk LMAOOOOOOOOOOOOOOOO
post 1670120183 10-26-2022, 02:32 PM
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Originally Posted By Anachron⏩
Only five more days of rentard cope.
Mortgage payment is due soon cuckboy,



































Don't forget the 30% tip
post 1670120263 10-26-2022, 02:33 PM
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Originally Posted By OliverHeldens⏩
Real Estate is the best investment.

But a Primary Residence is not an investment.
I would agree RE is a not bad investment,

and yeah, it is not an investment


lol just FK lol at homecels
post 1670120273 10-26-2022, 02:33 PM
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Originally Posted By EasyPassive⏩
Where I live they can't increase the rent more than 2% per year rofl just fk LMAOOOOOOOOOOOOOOOO
Guess how much my FIXED mortgage (I don't live in cuckanada where it can increase after 5 years) goes up?
post 1670120333 10-26-2022, 02:34 PM
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Translation: don’t invest in something I can’t sell you, spend your money with me instead



L just lol at listening to a salesman
Coincel
Florida crew (lol at coldcels)
post 1670120473 10-26-2022, 02:36 PM
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Originally Posted By Polaris⏩
Guess how much my FIXED mortgage (I don't live in cuckanada where it can increase after 5 years) goes up?
According to your file, you forgot to tip me last mortgage payment you little cuck?

Make it 60% this month srs
post 1670120503 10-26-2022, 02:36 PM
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Originally Posted By EasyPassive⏩
¨Over time, your home might increase in value, Mallouk says, but it probably won’t appreciate enough to offset all of the costs. Instead, if you took what you’d save from not buying a house and invested it in something that’s likely to grow in value, such as stocks and bonds, chances are you’d end up with more money in the long term. ¨

Wow! No wonder homecels are so triggered.

I'll stop making fun of them srs, now I feel bad
What a joke, yeah, but where will you live? You'll still be paying rent and it goes up, except for taxes, your mortgage stays the same. It's probably a wash with upkeep BUT you are building equity. Also, you can do a lot of housework yourself if you have an aptitude to learn and have some initiative. You can double your home value, do a lot of the work yourself and build equity that way. Can't do that "renting"
post 1670120523 10-26-2022, 02:36 PM
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Originally Posted By MetroBrah⏩
I follow the advice of Grant Cardone and Kiyosaki:

Rent where you live, but invest in real estate.


Roberty Kiyosaki:

Anything that doesn't pay you back is not an investment.
real estate pays you back in a tax shield if you're in the states, so that guy spouting bs about RE being a bad investment is a bozo, my mortgage is fixed at 2.9 for 30 years. guccy on that front.
post 1670120563 10-26-2022, 02:37 PM
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Originally Posted By EasyPassive⏩
According to your file, you forgot to tip me last mortgage payment you little cuck?

Make it 60% this month srs
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