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Why do people rent?
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Thread: Why do people rent?
03-14-2024, 03:18 PM
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#1
- OneLegSquats
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- OneLegSquats
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Why do people rent?
Is it the fear of owning something valuable? Or just were unable to save a reasonable amount of money in their entire bum life?
03-14-2024, 03:38 PM
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#2
- ThatGuy950
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Coincel
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03-14-2024, 03:48 PM
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#3
- N0rds
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Because the housing bubble is far overdue for a pop.
BRB spend 800K on house tomorrow
BRB month later market crashes.
BRB house now only worth 300K
BRB are paying half a million extra on something that isn't even worth what you're underwater for.
So renting can make sense for the short term
BRB spend 800K on house tomorrow
BRB month later market crashes.
BRB house now only worth 300K
BRB are paying half a million extra on something that isn't even worth what you're underwater for.
So renting can make sense for the short term
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03-14-2024, 03:51 PM
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#4
- OneLegSquats
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Originally Posted By N0rds⏩
Poor people have been saying that since the 80s. 'It'll crash soon bro trust me bro I'm gonna be laffin anyway g2g using too much data and rent is due tomorrow'Because the housing bubble is far overdue for a pop.
BRB spend 800K on house tomorrow
BRB month later market crashes.
BRB house now only worth 300K
BRB are paying half a million extra on something that isn't even worth what you're underwater for.
So renting can make sense for the short term
BRB spend 800K on house tomorrow
BRB month later market crashes.
BRB house now only worth 300K
BRB are paying half a million extra on something that isn't even worth what you're underwater for.
So renting can make sense for the short term
03-14-2024, 03:53 PM
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#5
$100k+ down for a 30 year jumbo loan just to get a mediocre house? I'll pass for now.
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03-14-2024, 03:53 PM
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#6
- BalognaNbeans
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To invest the difference duh
03-14-2024, 03:54 PM
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#7
- 6gorillion
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- 6gorillion
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Freedom to move where they want if needed or desired.
With interest rates being what they are it could literally be half of what you'd pay on a mortgage payment in many areas.
Many don't have a downpayment ready to part ways with yet.
Don't want to worry about maintenance and random expenses.
With interest rates being what they are it could literally be half of what you'd pay on a mortgage payment in many areas.
Many don't have a downpayment ready to part ways with yet.
Don't want to worry about maintenance and random expenses.
03-14-2024, 03:55 PM
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#8
- DolphinPilot
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Well not everyone is settled in life and do not want to be tied down to a location.
Also I have a bunch of money saved up but I'm debating whether or not it's worth it to get into at least a condo at the moment. That's me, tho.
Also I have a bunch of money saved up but I'm debating whether or not it's worth it to get into at least a condo at the moment. That's me, tho.
03-14-2024, 03:56 PM
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#9
03-14-2024, 04:23 PM
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#10
- MiscFapAnTV
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good luck finding a house to own inside the downtown area where big business men like me who make bout 350k hangout
you do know ceo's in new york/LA are renting for MILLIONS a year right?
most of the misc "home owners" (brb bank owns it really) live in rural areas and are lonercels
you do know ceo's in new york/LA are renting for MILLIONS a year right?
most of the misc "home owners" (brb bank owns it really) live in rural areas and are lonercels
03-14-2024, 05:36 PM
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#11
- crupiea
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- crupiea
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The houses basically in the same parking lot as my apartment go for 500-600 k plus.
Just regular 3 bedroom 1960's houses. Nothing at all special.
There is zero incentive to buy one of those.
Just regular 3 bedroom 1960's houses. Nothing at all special.
There is zero incentive to buy one of those.
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03-14-2024, 05:39 PM
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#12
- 6gorillion
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Originally Posted By MiscFapAnTV⏩
Facts lol they have a house in the midwest in a town no one has heard of and think its a big dealgood luck finding a house to own inside the downtown area where big business men like me who make bout 350k hangout
you do know ceo's in new york/LA are renting for MILLIONS a year right?
most of the misc "home owners" (brb bank owns it really) live in rural areas and are lonercels
you do know ceo's in new york/LA are renting for MILLIONS a year right?
most of the misc "home owners" (brb bank owns it really) live in rural areas and are lonercels
03-14-2024, 05:44 PM
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#13
- OneLegSquats
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- OneLegSquats
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Originally Posted By MiscFapAnTV⏩
You realise those CEOs OWN multiple properties all over the world right? You think they're just renting all their life and not acquiring assets? Lmaogood luck finding a house to own inside the downtown area where big business men like me who make bout 350k hangout
you do know ceo's in new york/LA are renting for MILLIONS a year right?
most of the misc "home owners" (brb bank owns it really) live in rural areas and are lonercels
you do know ceo's in new york/LA are renting for MILLIONS a year right?
most of the misc "home owners" (brb bank owns it really) live in rural areas and are lonercels
03-14-2024, 05:45 PM
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#14
- wasp9166
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- wasp9166
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Because unlike you
We aren't brainwashed into thinking taxes for the rest of your life is owning
You're getting owned by the bank ,the town ,the insurance company ,the water company
I like my freedom and bank full of money
I've done both
I miss my wood stove
That's it
Oh and I pick up my 24 Toyota next week
Paid cash
Pussy tricks you into marriage ,mortgages and kids
Just lol at being a slave to the evil gash
Freedom boys
You're here once
We aren't brainwashed into thinking taxes for the rest of your life is owning
You're getting owned by the bank ,the town ,the insurance company ,the water company
I like my freedom and bank full of money
I've done both
I miss my wood stove
That's it
Oh and I pick up my 24 Toyota next week
Paid cash
Pussy tricks you into marriage ,mortgages and kids
Just lol at being a slave to the evil gash
Freedom boys
You're here once
03-14-2024, 05:50 PM
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#15
- WEARETHEFEDS
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03-14-2024, 05:59 PM
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#16
- Destor
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- Destor
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Originally Posted By N0rds⏩
Even in the 2008 financial crisis, median house prices dropped and then were back above their 2007 peak within 6 yearsBecause the housing bubble is far overdue for a pop.
BRB spend 800K on house tomorrow
BRB month later market crashes.
BRB house now only worth 300K
BRB are paying half a million extra on something that isn't even worth what you're underwater for.
So renting can make sense for the short term
BRB spend 800K on house tomorrow
BRB month later market crashes.
BRB house now only worth 300K
BRB are paying half a million extra on something that isn't even worth what you're underwater for.
So renting can make sense for the short term
Source:https://fred.stlouisfed.org/series/MSPUS
People trying to play this game with a primary residence are probably gonna end up bleeding out rent money and not actually gain anything on the price/cost front, it'll just be a big fat net loss.
03-14-2024, 06:03 PM
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#17
- 4g64fiero
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- 4g64fiero
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Originally Posted By N0rds⏩
in a situation like that I can imagine people just defaulting to save themselves 500k. foreclosure is only on your record like 7 years....I'd rather just dump the house and "make" the 500k srs. Sticking to a loan like that is just being a cuck ded fkn srs.Because the housing bubble is far overdue for a pop.
BRB spend 800K on house tomorrow
BRB month later market crashes.
BRB house now only worth 300K
BRB are paying half a million extra on something that isn't even worth what you're underwater for.
So renting can make sense for the short term
BRB spend 800K on house tomorrow
BRB month later market crashes.
BRB house now only worth 300K
BRB are paying half a million extra on something that isn't even worth what you're underwater for.
So renting can make sense for the short term
Jesus wasn't a pacifist
03-14-2024, 06:09 PM
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#18
- OneLegSquats
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- OneLegSquats
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Originally Posted By wasp9166⏩
This post might have hit different if you said Aston Martin, Lambo, Bentley etc. Congrats on losing £15,000 the moment you drive it away from the dealers though. Strong everything.Because unlike you
We aren't brainwashed into thinking taxes for the rest of your life is owning
You're getting owned by the bank ,the town ,the insurance company ,the water company
I like my freedom and bank full of money
I've done both
I miss my wood stove
That's it
Oh and I pick up my 24Toyotanext week
Paid cash
Pussy tricks you into marriage ,mortgages and kids
Just lol at being a slave to the evil gash
Freedom boys
You're here once
We aren't brainwashed into thinking taxes for the rest of your life is owning
You're getting owned by the bank ,the town ,the insurance company ,the water company
I like my freedom and bank full of money
I've done both
I miss my wood stove
That's it
Oh and I pick up my 24Toyotanext week
Paid cash
Pussy tricks you into marriage ,mortgages and kids
Just lol at being a slave to the evil gash
Freedom boys
You're here once
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