What some are trying to say is that in X year, Y month there were (and are) times where it makes more sense to invest (X) than to buy a rental property in P location for Q price.

I'm certain this is true at times, hence why landlords(masters of investment in their own right) tend to diversify, and keep their eyes on different investment vehicles.

And what they don't get is that having guaranteed income in this way makes it very easy to invest elsewhere too. That's why they even refer to "mortgage rates" at all, assuming that landlordsalways need to take a mortgage, or that a mortgage is necessarily a bad thing (a classic case of debt leveraging) even where rentcels pay it off.

These folks truly are idiotic - that's why threads like this exist: a PSA for the plebs, to scrounge their pennies together.

As far as their apartments. The same apartment in ownership form called a condo will be considerably lower than their rent even including taxes and association fees. Not only that, but just cringe at the idea of living in a low cost apartment. BRB chicken wing bones and feces in the hallway, your car damaged or broken into, low income people, rowdy kids everywhere. Nice apartment are expensive, especially now. Even the nice one's aren't that nice. All the rules, maintenance people coming in your apartment all of the time, just forget that. Just cringe at roomates as a grown adult. Most of all, while owning a condo you are going to get some of that money back, rent, might as well set that money on fire. Final death blow to renters, well, they are already dead, this is just pissing in the grave at this point, but the fact that rent will continue to rise. 30 years ago ,the average rental was going for about $480. Now it's about $1300. Although the trajectory has been going steeper, especially with inflation, lets just stay that course, you are looking at $3500/mo average rent. In 1993 the average home price was $121K. It's now $348. Lets say that continues. The average house in 30 years will be $1,000,000.

Also, I've heard a lot of claims of people living in squalor claiming they are just investing. Never seen it be true except oil field workers but that' because there really wasn't any other option and they do it for a short time.

Imagine owning a home that the government still regulates or paying rent to live in a home that someone else owns and regulates

Homelesscels are winning

in on monthly rentcel vs mortgagecel thread

I have known a few who, even in High School already, adopted a Bogleheads style of living. The vast majority of rentcels I have encountered in my life are folks who never understood what "living within your means" means, and now we hear a lot of them in NYC saying "Well, we should have been taught that in school."

My parents taught me that. Do we really need High School classes on "Why saving money is a good thing"? Clown World.

Rentcels losing it, I love it!

This one always gets me. Apparentlly all that math and science we were learning was really just about memorizing planets and forumulas and not about problem solving and how to set up a an experiment mentally and physically to improve moving forward in life.

LoL BRo likE whY do we HavE to LeaRn Calculus, Like im nevEr goiNg to Use thaT in Real LifE.

Monthly? Try daily between now and the second of next month.

Simple... Do you want to be a Peasant Serf, or a LORD OF THE LAND?

Keep in mind how many rentcels wish they had been taught that "living within your means" is important.

That is why this thread is a PSA. Thread after thread about doom and gloom yet one constant remains: gotta pay rent, rentcels.

Didn’t raise the rent for my tenants even though everyone is paying more.









But 1 week left rentcels

Very kind of you. It is a Saturday today so hopefully rentcels don't blow their spare cash at the local strip mall.

7 days rentcells.

Rentcels on suicide watch. "Muh economy". "Mortgagecels". LOL

7 days, rentcels - the money better be in our accounts on the 1st, else:

Claiming they are making 10%+ annual gains even with the market crashing. Doing this with "index funds". Only one doing that is Nancy Pelosi.Always funny to see those market place and craigslist ads under the free section.

Only 29 more years until I’m free!

The funny thing is most don't try to claim they themselves are making the money. They claim that rental properties are a bad investment simplicity, then make many assumptions to change the goal posts to tailor that e.g., VIR mortgage, or purchase dates etc.

Strong everything really, lmao.

Quoting this one for posterity amid all the "rates are so high" copers.

Who are the clueless idiots now? LOL

LMAO @ rentcels ded fkn srs

They are coming out in full cope force as we get closer to pay day.

CHA CHING!!! LOL

Can’t relate, not poor.

So you're taking pleasure in another person's suffering?

What a sad and deeply wounded individual you must be to do that - I actually feel sorry for you.

The only ones winning are vagabonds, SRS.

my dick ain't hard, that's a thirty in my pants

You equate "paying rent" with "suffering"? It is a reality for a large number of people, either out of choice or necessity.

Threads like these are a valuable PSA - if you're that concerned with rent levels perhaps buy a few properties and offer to rent them out for free to offset the landchads' vicious greed.

never missed a rent payment crew
try not to cause disturbances crew
fix basic things myself crew
perfect tenant crew

but if you **** me over i will come back and brick your windows

multiple times

5 DAY WARNING RENTCELS!You mean you're triggered by landlords. Ever since folks on this forum mentioned fixed-rate mortgages you and the other clueless wonder disappeared. Tell me more about 'muh rates', pleb. LOL.Good rentcel. Take note, folks, else:

No fixed rate here, I just dumped 100% of my loan value into an offset account so every month my mortgage payment is all principal and no interest

Higher interest rates meaning higher payments just means I pay my place off sooner lmao