Thread: buying a house is stupid
07-14-2019, 09:49 PM
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#31
- miscbrah44
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Originally Posted By bigdownunder⏩
i smash multiple girls at my house, have bbqs are fires when the couple i live with are workingLucky OP is a ginger and will never have to worry about inviting a girl back to his place.
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07-14-2019, 09:50 PM
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#32
07-14-2019, 09:50 PM
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#33
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Originally Posted By artm⏩
LOL at living in chicagoBrb I own a condo. Bought it for 150k 3 years ago and now I could sell it for 200.
Brb made 50k
Brb its paid for
Brb taxes are only 1400$ and hoa is 100$ a month
Brb 2600$ a year to live by myself
Looking hard at rent cells paying off someone else's house
Brb made 50k
Brb its paid for
Brb taxes are only 1400$ and hoa is 100$ a month
Brb 2600$ a year to live by myself
Looking hard at rent cells paying off someone else's house
Lifting since 06'
07-14-2019, 09:51 PM
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#34
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the best part about renting a room i can go travel for 3 months and come back and rent another one
cant afford to do that when you own a house
cant afford to do that when you own a house
Lifting since 06'
07-14-2019, 09:58 PM
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#35
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1 other hack i forgot to mention
when something breaks i just do this thing on my phone where i press a few buttons and in the next 1-2 days the issue is resolved
when something breaks i just do this thing on my phone where i press a few buttons and in the next 1-2 days the issue is resolved
Lifting since 06'
07-14-2019, 10:01 PM
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#36
07-14-2019, 10:03 PM
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#37
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Originally Posted By ~Hades~⏩
its the banks houseIt’s not your house *******
these hoes know it as "my house"
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07-14-2019, 10:20 PM
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#38
- Kev1972
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Originally Posted By miscbrah44⏩
So own a 2000 sq foot house, rent out 3 rooms to broke no credit bastards, live in your house for free while they pay your mortgage. Buy 2nd house, repeat. Soon you own a whole neighborhood and can call yourself a slum lord.i live in a 2000 sq foot 1 million house for $600 a month
rent out a room but i literally use the whole house cuz the owners are always at work for 12 hours lmao
last week the dryer broke costed them 1k for a new one, last year they spent 15k on a new roof
property tax
maintenance
mortgage(25 year jail sentence)
ill never buy a house
rent out a room but i literally use the whole house cuz the owners are always at work for 12 hours lmao
last week the dryer broke costed them 1k for a new one, last year they spent 15k on a new roof
property tax
maintenance
mortgage(25 year jail sentence)
ill never buy a house
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07-14-2019, 10:24 PM
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#39
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Originally Posted By Kev1972⏩
my aunt does this and her houses keep getting trashed \So own a 2000 sq foot house, rent out 3 rooms to broke no credit bastards, live in your house for free while they pay your mortgage. Buy 2nd house, repeat. Soon you own a whole neighborhood and can call yourself a slum lord.
its just way to much of a headache
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07-14-2019, 10:25 PM
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#40
- twiceasnice
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Originally Posted By AMDuser⏩
imagine being so dumb that you think you can't build wealth while rentinghave fun losing 30% of your income to rent while building no asset base
in a lot of major cities you actually earn more by renting and putting the difference into long-term investments with pretty standard yields
07-14-2019, 10:27 PM
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#41
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Originally Posted By miscbrah44⏩
That's why you have a handful of tradies on call to do all the minor repairs and don't put in any expensive appliances. Did you miss the "slum lord" part?my aunt does this and her houses keep getting trashed \
its just way to much of a headache
its just way to much of a headache
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07-14-2019, 10:30 PM
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#42
- mr.left hook
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Originally Posted By miscbrah44⏩
im gonna rent out a second room for 600 then sub rent it for 900
im basically grant cardone
im basically grant cardone
Originally Posted By Anachron⏩
this LOL at acting like the Landlord...Good luck with your eviction.
some of you smart Mofos are Dumb AF, earn you Wisdom... Book worms!
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07-14-2019, 10:30 PM
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#43
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i could pay $600 a month all in or get a house or condo and easily pay over $2500
no thanks
no thanks
Lifting since 06'
07-14-2019, 10:33 PM
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#44
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Originally Posted By mr.left
wasnt srs bro LOLthis LOL at acting like the Landlord...
some of you smart Mofos are Dumb AF, earn you Wisdom... Book worms!
some of you smart Mofos are Dumb AF, earn you Wisdom... Book worms!
Lifting since 06'
07-14-2019, 10:33 PM
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#45
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Originally Posted By twiceasnice⏩
Far easier to say that than do it. In reality, many people probably intend to do that but end up pissing away all the cash flow they would have been obligated to pay into a mortgage in lieu of rentingimagine being so dumb that you think you can't build wealth while renting
in a lot of major cities you actually earn more by renting and putting the difference into long-term investments with pretty standard yields
in a lot of major cities you actually earn more by renting and putting the difference into long-term investments with pretty standard yields
Mortgages are, at worst, a forced savings plan
07-14-2019, 10:36 PM
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#46
- nvrstopworking
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Originally Posted By miscbrah44⏩
Timing and location is everything.look up housing prices in toronto ontario and tell me its a good idea to buy a house
If you would have bought a house in Toronto 10 years ago you’d have probably doubled your money (at least) by now.
There’s no stock out there that’s netting you 500k in that amount of time (unless you hit a one in a million like UBER).
That being said there’s no fukking way I’m paying $500k for a 1brdm apt these days lol. That’s insane.
07-14-2019, 10:47 PM
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#47
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Originally Posted By meanstringbean⏩
hate to break it to you but landlords are not taking a loss..... why would I price my rent low enough that is doesnt cover expenses? Lol. You must be correct though. Not like theres a profitable trillion dollar industry or anything. Everyone who own real estate is losing money.Mortgagecells don’t realize that rent and mortgage ain’t same
Rents cheaper. No property tax. No home insurance. No fixing broken ****. Inb4 “it’s built in” no it isn’t, not with the way most people buy houses.
So that extra $500 or whatever you save a month can go into ACTUAL assets that grow. Stocks, bonds, etc. while you pay for interest on a house that may or may not appreciate. Oh and if you lose your job you are royally ****ed
Just lol at being a home owner. Does it make sense in some cases? Yes
But if you have a 30 year mortgage, pay PMI, or any of that crap then lol you’re getting played
Rents cheaper. No property tax. No home insurance. No fixing broken ****. Inb4 “it’s built in” no it isn’t, not with the way most people buy houses.
So that extra $500 or whatever you save a month can go into ACTUAL assets that grow. Stocks, bonds, etc. while you pay for interest on a house that may or may not appreciate. Oh and if you lose your job you are royally ****ed
Just lol at being a home owner. Does it make sense in some cases? Yes
But if you have a 30 year mortgage, pay PMI, or any of that crap then lol you’re getting played
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07-14-2019, 10:50 PM
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#48
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Originally Posted By artm⏩
What condo do you live in where taxes are only $1400/year LMAO. If I'm not mistaken, You're in Chicago, where'd you find this $150k Condo?Brb I own a condo. Bought it for 150k 3 years ago and now I could sell it for 200.
Brb made 50k
Brb its paid for
Brb taxes are only 1400$ and hoa is 100$ a month
Brb 2600$ a year to live by myself
Looking hard at rent cells paying off someone else's house
Brb made 50k
Brb its paid for
Brb taxes are only 1400$ and hoa is 100$ a month
Brb 2600$ a year to live by myself
Looking hard at rent cells paying off someone else's house
07-14-2019, 10:50 PM
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#49
- bigdownunder
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The honest answer is that smart people can make either option work.
Some people who buy underestimate the ongoing ex-mortgage costs, and some renters pretend that they will invest the difference but never do.
Some people who buy underestimate the ongoing ex-mortgage costs, and some renters pretend that they will invest the difference but never do.
07-14-2019, 10:50 PM
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#50
Originally Posted By miscbrah44⏩
youre fukn stupid. stay broke peasanti live in a 2000 sq foot 1 million house for $600 a month
rent out a room but i literally use the whole house cuz the owners are always at work for 12 hours lmao
last week the dryer broke costed them 1k for a new one, last year they spent 15k on a new roof
property tax
maintenance
mortgage(25 year jail sentence)
ill never buy a house
rent out a room but i literally use the whole house cuz the owners are always at work for 12 hours lmao
last week the dryer broke costed them 1k for a new one, last year they spent 15k on a new roof
property tax
maintenance
mortgage(25 year jail sentence)
ill never buy a house
Merica
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RIP YGST
07-14-2019, 10:52 PM
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#51
- Matt413413
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Originally Posted By miscbrah44⏩
Yeah and what's up with grass? Why the hell do you all think grass is normal to have? Who has the time to cut grass once a week or waste cash on someone doing it?i live in a 2000 sq foot 1 million house for $600 a month
rent out a room but i literally use the whole house cuz the owners are always at work for 12 hours lmao
last week the dryer broke costed them 1k for a new one, last year they spent 15k on a new roof
property tax
maintenance
mortgage(25 year jail sentence)
ill never buy a house
rent out a room but i literally use the whole house cuz the owners are always at work for 12 hours lmao
last week the dryer broke costed them 1k for a new one, last year they spent 15k on a new roof
property tax
maintenance
mortgage(25 year jail sentence)
ill never buy a house
Just pour concrete everywhere or let it all grow in and don't cut a damn thing. Grass is dumb and pointless.. Such a stupid invention. Nobody cares about grass. If you have a house then don't do anything to your yard. Why waste thousands on nothing? Who cares what it looks like.
Nobody cares about plants, shrubs, flowers, etc.. Mulching.
Just let it all grow in or pour concrete on everything.
07-14-2019, 10:54 PM
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#52
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Originally Posted By twiceasnice⏩
'Long-term investments'imagine being so dumb that you think you can't build wealth while renting
in a lot of major cities you actually earn more by renting and putting the difference into long-term investments with pretty standard yields
in a lot of major cities you actually earn more by renting and putting the difference into long-term investments with pretty standard yields
Yeah, nobody is trying to retire at 65 years old LMAO.
Start building up property in your late 20s and keep building until you're 40. BRB retired at 45.
07-14-2019, 10:54 PM
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#53
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Originally Posted By nvrstopworking⏩
Problem with this is you need to sell and get the fuk outta dodge to actually realize those gains, or it needs to not be your primary residence. Otherwise if you buy a place and sell it after the market skyrockets but then need to buy a new place, you’re buying into the inflated market again anyways and you don’t actually make any gainsTiming and location is everything.
If you would have bought a house in Toronto 10 years ago you’d have probably doubled your money (at least) by now.
There’s no stock out there that’s netting you 500k in that amount of time (unless you hit a one in a million like UBER).
That being said there’s no fukking way I’m paying $500k for a 1brdm apt these days lol. That’s insane.
If you would have bought a house in Toronto 10 years ago you’d have probably doubled your money (at least) by now.
There’s no stock out there that’s netting you 500k in that amount of time (unless you hit a one in a million like UBER).
That being said there’s no fukking way I’m paying $500k for a 1brdm apt these days lol. That’s insane.
Or you can sell and then downgrade, but then you’re downgrading
07-14-2019, 11:11 PM
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#54
- wildchild11
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Real estate moguls, give me some links. first time home buyer, how much money am i going to need saved up * outside* of the down payment?
money for shyt like
appliances
contractor work
furniture
etc
money for shyt like
appliances
contractor work
furniture
etc
pls do not associate my personalities in misc and sports misc
07-14-2019, 11:16 PM
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#55
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It's not honestly. Everyone should own a home at some point in their lives.
Is the market good all the time? No. Right now in my area I am just biding my time until a place that I can remodel completely that I like is available and my income is high enough where I'm not limited on funds. Got some friends who will help me out with the whole thing. The fear of a costly repair is one thing that is scary though. The place I rent I have experienced a lot of that.
Is the market good all the time? No. Right now in my area I am just biding my time until a place that I can remodel completely that I like is available and my income is high enough where I'm not limited on funds. Got some friends who will help me out with the whole thing. The fear of a costly repair is one thing that is scary though. The place I rent I have experienced a lot of that.
Just keep on going.
07-14-2019, 11:48 PM
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#56
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This is kinda off topic, but if the op's landlords can't afford their house without having someone else live in it to help with the mortgage, maybe they shouldn't have bought a house. That would phuckin' SUCK to own a house and have other strangers living in it.
07-15-2019, 12:04 AM
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#57
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i like houses in the 50k range. The neighborhood is a little rough but not too rough. You can then put another 20-30k into it and live like a king. Really, the most important thing to a house is the heater, water, ac, and just overall free from dust and mold.
You learn whats important when you get it taken away from you. My water heater went out for a week - it was living hell
You learn whats important when you get it taken away from you. My water heater went out for a week - it was living hell
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07-15-2019, 12:06 AM
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#58
Housing is iffy. Homes are built by the foreigners who inhabit them. Nobody really knows how to maintain a house. People who think there is money in housing don't really understand how that is built as well. Count me in with OP. Never would I own a home. Not unless I owned the land and built the home myself. No illegals.
07-15-2019, 12:09 AM
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#59
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Originally Posted By r32gojirra⏩
Projection at its finestAnother classic chapter from the misc book of “everyone is stupid except me”
07-15-2019, 12:15 AM
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#60
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ITT OP pays someone else’s mortgage and thinks he’s getting the upper hand.
I’m renting right now and I hate it. Every time I cut a check to my owner I just know that that they’re redirecting that money to the bank and keep the equity buildup. The whole “durr everything breaks and you have to fix it!” Is overstated. Nothing significant has ever broken while I’ve rented. Not enough to offset the equity gains, at least.
I’m renting right now and I hate it. Every time I cut a check to my owner I just know that that they’re redirecting that money to the bank and keep the equity buildup. The whole “durr everything breaks and you have to fix it!” Is overstated. Nothing significant has ever broken while I’ve rented. Not enough to offset the equity gains, at least.
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