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Forum » Just because the FED has propped up the housing market
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Thread: Just because the FED has propped up the housing market

post 1588104541 09-18-2019, 10:25 AM
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Originally Posted By GainzMcgee⏩
really sad to see how desperate the boomers are itt when proven wrong by real estate. They have been so condition, so programmed, so brainwashed by the elites and the huge banks that if you say anything against them they get so angry and butt hurt just lmfaoo and their only argument is "urine idiot!". LOLOL
Just be glad your boomer mom has a mortgage on the house with the basement you reside in. Glad you figured out the scam though, bro.
post 1588104591 09-18-2019, 10:26 AM
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Originally Posted By GainzMcgee⏩
really sad to see how desperate the boomers are itt when proven wrong by real estate. They have been so condition, so programmed, so brainwashed by the elites and the huge banks that if you say anything against them they get so angry and butt hurt just lmfaoo and their only argument is "urine idiot!". LOLOL
Your retort is just sad..
post 1588104641 09-18-2019, 10:27 AM
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Originally Posted By Bo_Flecks⏩
Just be glad your boomer mom has a mortgage on the house with the basement you reside in. Glad you figured out the scam though, bro.
Half a milli in the safe another in the pillow case.
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post 1588104771 09-18-2019, 10:28 AM
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Originally Posted By TraininWh33ls⏩
Your retort is just sad..
plenty of retorts in previous posts that I dont need to go through again since you clowns have no rebuttle. On a side note the stock on chicken tendies going to the mooooon.
post 1588105781 09-18-2019, 10:42 AM
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Originally Posted By GainzMcgee⏩
plenty of retorts in previous posts that I dont need to go through again since you clowns have no rebuttle. On a side note the stock on chicken tendies going to the mooooon.
Then just respond to mine. Would love to see your portfolio on how great you are doing with your chicken tendies....
post 1588105981 09-18-2019, 10:45 AM
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You realize when you rent you are paying someone else's mortgage and taxes, build zero equity, and your cost of living ONLY goes up.
Forever alone? Attraction and keeping the girl chasing you - http://forum.obnoxiousbrutes.com/showthread.php?t=131498033

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post 1588106951 09-18-2019, 11:00 AM
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Renter crew, also fire crew.

I don’t think I want to buy a home in this hellish area, so I’m stacking/investing as much as possible for a move/early retirement.

Fuk working
post 1588107081 09-18-2019, 11:02 AM
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Originally Posted By ANumber1⏩
In fairness, he also got the use of a house, but yes. This kind of mistake is exactly the issue.
Yes, but that also doesn't take into account the maintenance and tax costs so he really didn't make nearly 5% annually.
post 1588107241 09-18-2019, 11:04 AM
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Originally Posted By pondus_levo⏩
You realize when you rent you are paying someone else's mortgage and taxes, build zero equity, and your cost of living ONLY goes up.
Not true you are paying to live in a more desirable area which is closer to your job than 45 minutes out in BFE. Time is money *******.
post 1588107251 09-18-2019, 11:04 AM
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the feeling of having a paid off house, especially as we're headed into a brutal global recession, is incomparable

no stress about losing my job.

could literally support myself with a minimum wage jobski

stay dialed, my babies
Make Europe Germany Again
post 1588108131 09-18-2019, 11:16 AM
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Originally Posted By hendrixfreak70⏩
My new house I am getting with my 100k plus equity. U mad op? Yeah, u mad.


https://www.realtor.com/realestatean...1_M75514-26143
The equity is only yours when you sell the property. Or the bank can cash you out with an addition to your current monthly payment with interest. Which effectively just makes you more their slave. So the bank scores more from the deal than you. Currently your equity is just imaginary money on paper.

Cash out refinance only benefits you when you're using that extra cash as an investment into something which will grow faster in value. Which 99% of the population has no idea how to pull off.
I just came here on the internet to lie
post 1588108211 09-18-2019, 11:18 AM
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Originally Posted By GainzMcgee⏩
Not true you are paying to live in a more desirable area which is closer to your job than 45 minutes out in BFE. Time is money *******.
How does paying to live in a more desirable area nullify that you are paying for someone else's mortgage, taxes and building zero equity... *******. Why do you assume that EVERYONE drives 45 mins to their job?
Originally Posted By mujie⏩
Cash out refinance only benefits you when you're using that extra cash as an investment into something which will grow faster in value. Which 99% of the population has no idea how to pull off.
So you are saying that people can own a house and ALSO invest in chicken tenders?!?!??!? Sounds like a win-win to me.
post 1588109221 09-18-2019, 11:37 AM
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lol op will never know the feel of making passive income by renting out houses out for double what you pay in mortgage, while also building equity with every mortgage payment, each payment gaining more equity which has a snowball effect due to loan amortization, simultaneously gaining wealthy due to property values increasing every year

have fun on that poverty time OP. if you need a place to rent hit me up, ill gladly take your money, loser!
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post 1588109331 09-18-2019, 11:38 AM
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strong user title to post content ratio
post 1588109451 09-18-2019, 11:40 AM
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Originally Posted By TraininWh33ls⏩
How does paying to live in a more desirable area nullify that you are paying for someone else's mortgage, taxes and building zero equity... *******. Why do you assume that EVERYONE drives 45 mins to their job?
I don't understand why people find this so complicated.

"WhAT aBOuT tHe EQuIty?!"

What about it? If it's your only savings vehicle, it's an apples-to-oranges comparison.

A mortgage payment is typically lower than the rent on a comparable property. If you own, you should be investing the difference with a short-term horizon to offset future obligations so that you don't have to borrow against the property at interest - or worse.

A mortgage payment + taxes + maintenance is typically higher than rent on a comparable property. If you rent over that same 30 year period, you should have been investing the difference with a long-term horizon and have a substantial nest egg comparable to home equity built up.

If you make a big down payment, you're reducing your mortgage payment and saving that 4-5% interest, but you're also giving up the opportunity to invest that money in a more diversified portfolio with a much higher expected return over that same period. Accessing that equity will require you to pay a bank interest.

Unless your local housing market is very lop-sided and broken for some reason, TANSTAAFL.
Nah, fukk that. I’m not doing that.
post 1588110681 09-18-2019, 11:55 AM
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Originally Posted By ANumber1⏩
I don't understand why people find this so convoluted.

"WhAT aBOuT tHe EQuIty?!"

What about it? If it's your only savings vehicle, it's an apples-to-oranges comparison.

A mortgage payment is typically lower than the rent on a comparable property. If you own, you should be investing the difference with a short-term horizon to offset future obligations so that you don't have to borrow against the property at interest - or worse.

A mortgage payment + taxes + maintenance is typically higher than rent on a comparable property. If you rent over that same 30 year period, you should have been investing the difference with a long-term horizon and have a substantial nest egg comparable to home equity built up.

If you make a big down payment, you're reducing your mortgage payment and saving that 4-5% interest, but you're also giving up the opportunity to invest that money in a more diversified portfolio with a much higher expected return over that same period.

TANSTAAFL.
Your statement is comparing the possibility of the mortgage payment (plus other expenses) being higher than a rental property. Let us just run a scenario of both payments are equal (no matter what your down payment was). Either person can put aside the same amount of cash in investments. When it comes to a point where a opportunity pops up for a great investment... guess who can pull out equity to throw down.

It seems like every renter on the misc has a huge amount of liquid to invest. I would put my money on most renters don't have the money to even put a down payment on a house nor the money to invest - reason why they have to rent.
post 1588110941 09-18-2019, 11:59 AM
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Originally Posted By TraininWh33ls⏩
It seems like every renter on the misc has a huge amount of liquid to invest. I would put my money on most renters don't have the money to even put a down payment on a house nor the money to invest - reason why they have to rent.
You know the misc is always an anomaly bro.

You’re right though, most renters don’t have a pot to piss in, nor a window to throw it out of.
post 1588111031 09-18-2019, 12:01 PM
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The real estate market has made. by far. the most millionaires in America. But listen to rentcel cope on the misc!) )))))))))) : ))))
post 1588111151 09-18-2019, 12:02 PM
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Originally Posted By TraininWh33ls⏩
Your statement is comparing the possibility of the mortgage payment (plus other expenses) being higher than a rental property. Let us just run a scenario of both payments are equal (no matter what your down payment was).
Why, tho? That scenario is very rarely real, and ignoring the costs of pulling a down payment, even just out of boring old 2% savings, skews the results when mortgage rates are also so low.
It seems like every renter on the misc has a huge amount of liquid to invest. I would put my money on most renters don't have the money to even put a down payment on a house nor the money to invest - reason why they have to rent.
As true as that is, it ultimately means they just can't afford the way they're living. It doesn't change the underlying financial facts, which really require comparing the return to investing the difference in responsible alternatives, not to snorting the difference off a Vegas callgirl's tits.

If you can't save and invest for the future, you're living beyond your means, and while it's sad and unfair, being poor turns out to be very expensive. We do all get old and tired, and will eventually need resources that we won't be physically able to earn anymore. If you're in that position and buy a home as your only savings vehicle, well, that's how lots of old people lose their homes, and if you manage to hang on long enough to croak, Medicaid Estate Recovery will come for the house when you're dead.
Nah, fukk that. I’m not doing that.
post 1588111251 09-18-2019, 12:05 PM
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Originally Posted By headturner1⏩
You know the misc is always an anomaly bro.

You’re right though, most renters don’t have a pot to piss in, nor a window to throw it out of.
That is true 10k/day CEO... lol
Originally Posted By LordBroski⏩
It seems like taxes are also ignored when they do their math. Capital gains on an investment property are taxed more favorably than passive rental income, up here in Canada anyways.
Not sure about anyone else but my mortgage includes property taxes and insurance and I have reiterated plenty of times that tenants are paying to cover the landlords costs of repairs and property taxes. Why bring up passive income on investment properties when the argument is not to even own a property.
Originally Posted By ANumber1⏩
Why, tho? That scenario is very rarely real, and ignoring the costs of pulling a down payment, even just out of boring old 2% savings, skews the results when mortgage rates are also as small as they are.

As true as that is, it ultimately means they just can't afford the way they're living. It doesn't change the underlying financial facts, which really require comparing the return to investing the difference in responsible alternatives, not to snorting the difference off a Vegas callgirl's tits.

If you can't save and invest for the future, you're living beyond your means, and while it's sad and unfair, being poor turns out to be very expensive. We do all get old and tired, and will eventually need resources that we won't be physically able to earn anymore. If you're in that position and buy a home as your only savings vehicle, well, that's how old people lose their homes.
Not sure why that scenario is very rarely real.
Mortgage on my own house (which includes taxes + insurance) = $980 : Easily rent out for $1,500/month (using comps for that calculation)
Mortgage on my four rental properties with business partner.
1.) $432.64 duplex - 2 3/1's that pull in $1,200 each
2.) $314.61 single residential - 3/1 $1,100
3.) $432.60 triplex - 3 2/1's $600 each
4.) $530.27 dupelx - 1 3/1 and 1 2/1 $1700 total for both

If someone can save to put a down payment on a house, I bet they can save money to invest in different alternatives including snorthing off a Vegas callgirl's tits.

**EDIT - The rentals do not include property taxes nor insurance. I wish profits were that lucrative.
post 1588111321 09-18-2019, 12:06 PM
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Originally Posted By Spahgetti⏩
The real estate market has made. by far. the most millionaires in America. But listen to rentcel cope on the misc!) )))))))))) : ))))
dont get so excited bro your missing the entire point of the OP. Most miscers especially you get 10k in "equity" and then come on here and think you are some financial genius, guru and give everyone advice just because the FED has propped up real estate. And this post just proves your doing just that lol there is nothing wrong with owning, mortgaging or investing in property just dont pretend you are some financial genius when you arent. Renting also has its place and not everyone that rents is a poorcel either. Stop being such a *******.

Can you become wealthy with real estate? sure.. but most of the time you are paying just as many expenses as renters then claiming you gained all this "equity" when in reality your equity is just money you would of had if you just invested in another vehicle anyway.
post 1588111391 09-18-2019, 12:07 PM
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OP you're wrong

I wasted prob $250,000 over the past several years on rent

I was dumb for not buying a house a while back when the market was cheap. Would have zero mortgage payment by now and be sitting on $500k+ worth of equity
post 1588111751 09-18-2019, 12:14 PM
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Originally Posted By LordBroski⏩
Renters come out ahead in a volatile market. I used to rent and it was a conscious decision over buying at that time since rents were fairly low during a buyer's market, then house prices started to dip with stricter mortgage rules, investors lost money on property or broke-even at best, and those who didn't qualify for financing anymore flooded the rental market causing rents to go up. As a result I had a $1,000/mo lease when market rents were around $1,400, and I didn't lose money as I would have if I owned that condo.
Exactly some clown puts $50,000 down on a property then gains another $10,000 in value and calims he has $60,000 in equity. No you only gained $10,000 when in reality how much could you of made if you invested that $50,000. With interest, taxes, insurance, etc how much more would you have vs rent? Thats what it boils down to and every single person that has been brainwashed by the ZOG and the banks thinks they are some financial genius because they have 120% of their life savings tied up in some stucco walls.

You can tell the people that are over leveraged because when you present valid counter points to the mortgagecel issue they seriously get offended, mad and angry lol
post 1588112501 09-18-2019, 12:23 PM
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Originally Posted By Anachron⏩
Edit : I have not seen a single "valid counterpoint" in this thread.
I'm waiting patiently as well.
post 1588112901 09-18-2019, 12:29 PM
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Originally Posted By Anachron⏩
"Hurr durr mortgagecels are dumb, I am so smart, I could of invested so much more moneyz, but I spent it all on chicken tendies that I snack on while watching anime in my mom's basement, taking advantage of the fact that she is a mortgagecel as well"
You forgot about the blowup doll but I am slowly swaying to his side of the argument now that you bring that up again, lol
post 1588113171 09-18-2019, 12:33 PM
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Rentcels are the lowest of the low IQ LMAO. i mean i understand if you have to be a rentcel. that's life. but to think you're somehow smarter? You think the world's #1 economy for millionaires + is just a fib? lmaooooo
post 1588113491 09-18-2019, 12:39 PM
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Originally Posted By Anachron⏩
I completely forgot about the blow up doll. Renting means Icould ofinvested the difference into a better quality doll.
Lol @ butthurt levels off the chart for this guy. Big daddy government and the banks told you to do something and you did it your just another pimple on the ass of society nothing more.
post 1588113541 09-18-2019, 12:39 PM
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Originally Posted By TraininWh33ls⏩
Not sure about anyone else but my mortgage includes property taxes and insurance and I have reiterated plenty of times that tenants are paying to cover the landlords costs of repairs and property taxes. Why bring up passive income on investment properties when the argument is not to even own a property.
In my experience, most real estate investors who are financing are lucky if they're simply not sinking cash as they build up equity. That's what makes it an investment: there's a time horizon.
Not sure why that scenario is very rarely real. Mortgage on my own house (which includes taxes + insurance) = $980 : Easily rent out for $1,500/month (using comps for that calculation)
I'm sure you realize where I'm going with this, but this is why you can't just skip down payments to model this. A 100% down payment would produce a mortgage of $0, in which case obviously, rental income is going to be significantly more - and that's great. However, that's not the choice most homeowners are looking at, and it's also why the opportunity cost of pulling a down payment out of alternative investments can't be ignored.

...and then there's maintenance and repair. This is a long thread, but as has been raised before, a major profit center for real estate investing - and cost savings for homeowners - is doing the tradie work yourself. Your time as an owner/investor has value and that also has to be accounted for compared to having someone on call when the washing machine breaks who is already priced into the rent.
Mortgage on my four rental properties with my business partner.
1.) $432.64 duplex - 2 3/1's that pull in $1,200 each
2.) $314.61 single residential - 3/1 $1,100
3.) $432.60 triplex - 3 2/1's $600 each
4.) $530.27 dupelx - 1 3/1 and 1 2/1 $1700 total for both
If you're in a market where these figures represent a 75% LTV investment loan, congratulations on being in one of the lop-sided housing markets I mentioned before. I live in one of the cheapest housing markets in the northeast and don't think I've ever seen a legally habitable duplex or triplex going for $120k, nevermind with property taxes rolled into that payment.

...unless, of course, you did a significant amount of work rehabbing them and aren't bothering to account for that.

...or tied up far more than 25% in a down payment and aren't bothering to account for that.
Nah, fukk that. I’m not doing that.
post 1588113641 09-18-2019, 12:40 PM
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Originally Posted By GainzMcgee⏩
Lol @ butthurt levels off the chart for this guy. Big daddy government and the banks told you to do something and you did it your just another pimple on the ass of society nothing more.
I bet you can guess which group of pixels you are on this

post 1588113871 09-18-2019, 12:44 PM
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Originally Posted By GainzMcgee⏩
Exactly some clown puts $50,000 down on a property then gains another $10,000 in value and calims he has $60,000 in equity. No you only gained $10,000 when in reality how much could you of made if you invested that $50,000. With interest, taxes, insurance, etc how much more would you have vs rent? Thats what it boils down to and every single person that has been brainwashed by the ZOG and the banks thinks they are some financial genius because they have 120% of their life savings tied up in some stucco walls.
If you put 50K down and gain 10K in value, you DO have 60K equity. You GAINED 10K, and had 50K to begin with.



I'll totally bite a 2nd time on this troll job - Let's use a realistic scenario.


scenario 1
250K house, 20% down = 50K invested
200K mortgage @ 4% = $955, escrow ~ $300 = total housing expense of $1,300
3.7% ROI on the value of the home yearly for 5 years = $300K value (3.7% is historical average)
mortgage balance after 5 years = $181K
$300K - $181K = $119K in equity
$119K - $50K = $69K in profit (138% ROI on the original $50K)


Scenario 2

Housing costs = $1,300
Assuming the quality of housing is about the same (it won't be)
50K invested in stocks
10% ROI annually for 5 years = $80.5K (10% is historical average)
$80.5K - $50K = $30.5K profit (61% ROI on the original $50K)


Before you complain about insurance, taxes, etc remember that's all included in the escrow. Even with repair costs coming out of pocket it's still a bold assumption that you could even get an equivalent living situation for the same price renting as compared to owning.

As mentioned ITT, SOMEONE is paying the insurance, taxes, repairs, etc on the place you rent so it is included in your rent (probably with some profit in it for them as well, lol).


Yeah, I'll take the 138% ROI over the 61%
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