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Just because the FED has propped up the housing market
09-16-2019, 05:18 AM
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#91
- GainzMcgee
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- GainzMcgee
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Doesnt mean you are the smartest guy in the room. LMFAO at mortgage cells.
brb living in a souless suburb next to bob that only talks about the weather
brb having to get a new roof, appliances and remodel your entire kitchen after 5 years
brb when market finally does tank for good house will be worthless
brb being the banks BISH for 30 years
brb thinking a piece of plywood built by illegal mexicans is a good "investment"
brb thinking your house is "worth" something when you havent even sold it and got cash in hand yet
just lmfaoo at mortgagecels.
bonus lmfaoo : thinking you actually own something when if you dont pay your tax bill daddy government will take your chit with the quickness.
brb living in a souless suburb next to bob that only talks about the weather
brb having to get a new roof, appliances and remodel your entire kitchen after 5 years
brb when market finally does tank for good house will be worthless
brb being the banks BISH for 30 years
brb thinking a piece of plywood built by illegal mexicans is a good "investment"
brb thinking your house is "worth" something when you havent even sold it and got cash in hand yet
just lmfaoo at mortgagecels.
bonus lmfaoo : thinking you actually own something when if you dont pay your tax bill daddy government will take your chit with the quickness.
09-16-2019, 05:24 AM
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#92
09-16-2019, 05:26 AM
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#93
09-16-2019, 05:34 AM
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#94
- OliverHeldens
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Lol, I think buying a house is still generally a good move, but certainly not something everyone should blindly do. I’m not ready for it, mainly because taxes in my city are ridiculously high and mostly go toward schools, which I’m not planning to have kids for a long time still.
09-16-2019, 05:41 AM
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#95
09-16-2019, 05:54 AM
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#96
- KirkMcquest
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- KirkMcquest
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Renting;
Paying a landlord a monthly fee that includes his cost of ownership, property taxes, and a profit for him. All of which you never get back.
Owning;
Paying a bank a monthly fee for eventual ownership. All of which you will get back and then some.
Paying a landlord a monthly fee that includes his cost of ownership, property taxes, and a profit for him. All of which you never get back.
Owning;
Paying a bank a monthly fee for eventual ownership. All of which you will get back and then some.
"I yam what I yam" - Popeye the sailor
09-16-2019, 06:23 AM
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#97
- GainzMcgee
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- GainzMcgee
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Originally Posted By KirkMcquest⏩
lmfaooo at "eventual ownership" and what if you mix a tax bill payment *******?Owning;
Paying a bank a monthly fee for eventual ownership. All of which you will get back and then some.
Paying a bank a monthly fee for eventual ownership. All of which you will get back and then some.
09-16-2019, 06:25 AM
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#98
09-16-2019, 06:42 AM
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#99
09-16-2019, 06:47 AM
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#100
- GainzMcgee
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Originally Posted By Bo_Flecks⏩
fall in line soldier my monthly expenses are as followed:Post up some pics of your Mom's basement so we can admire that smart living of yours.
$0 rent
$0 internet/cable
$0 water/electric
$300 chicken tendies
09-16-2019, 06:49 AM
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#101
- HMFIC_BROWSIN
- Buy high, sell higher.
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- HMFIC_BROWSIN
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Loan inflation is also why college & cars cost so much.
Doesn't seem like it's going to end any time soon tho.
Doesn't seem like it's going to end any time soon tho.
09-16-2019, 06:58 AM
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#102
- ANumber1
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- ANumber1
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Originally Posted By KirkMcquest⏩
A lot of research has shown it's a coin-toss whether or not this will ever happen after taxes, maintenance, and inflation. People tend to forget that when they rent, replacing the roof is already priced in, unless their landlord is a complete idiot, and that this will come out-of-pocket or require them to take out an equity line if they own. Markets are pretty efficient and cases where you get a free lunch are rare.Owning;
Paying a bank a monthly fee for eventual ownership. All of which you will get back and then some.
Paying a bank a monthly fee for eventual ownership. All of which you will get back and then some.
The advantage it does have is that it's like enforced savings. A lot of people don't have the discipline to save and invest what would have constituted the equity when they rent, although then they end up paying interest to get the equity out of the house, anyway, so that's yet another layer of complications.
Nah, fukk that. I’m not doing that.
09-16-2019, 07:05 AM
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#103
09-16-2019, 07:05 AM
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#104
- Godfrd824
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Originally Posted By GainzMcgee⏩
I can't believe they let you guys have unrestricted internet access at the care facility for the mentally challenged.Doesnt mean you are the smartest guy in the room. LMFAO at mortgage cells.
brb living in a souless suburb next to bob that only talks about the weather
LOL at city slickers needing to live with other hivecels, SJWing together, the epitome of being a loser.
brb having to get a new roof, appliances and remodel your entire kitchen after 5 years
You're a dummy, you know landlords just pass that cost onto their tenants, so it's you inf act who will be paying for those repairs.
brb when market finally does tank for good house will be worthless
Yes, tanks for good, because pretty soon people will no longer need shelter to live in.
brb being the banks BISH for 30 years
BRB being the landlord's bitch for life.
brb thinking a piece of plywood built by illegal mexicans is a good "investment"
BRB rent coping because you're too poor to swing buying a property.
brb thinking your house is "worth" something when you havent even sold it and got cash in hand yet
If you sell it, it wouldn't be your house to be worth something anymore dumb ass. Your opinion isn't worth anything, not because you're not selling it or because you don't have cash in hand, but because you're clearly retarded.
just lmfaoo at mortgagecels.
brb living in a souless suburb next to bob that only talks about the weather
LOL at city slickers needing to live with other hivecels, SJWing together, the epitome of being a loser.
brb having to get a new roof, appliances and remodel your entire kitchen after 5 years
You're a dummy, you know landlords just pass that cost onto their tenants, so it's you inf act who will be paying for those repairs.
brb when market finally does tank for good house will be worthless
Yes, tanks for good, because pretty soon people will no longer need shelter to live in.
brb being the banks BISH for 30 years
BRB being the landlord's bitch for life.
brb thinking a piece of plywood built by illegal mexicans is a good "investment"
BRB rent coping because you're too poor to swing buying a property.
brb thinking your house is "worth" something when you havent even sold it and got cash in hand yet
If you sell it, it wouldn't be your house to be worth something anymore dumb ass. Your opinion isn't worth anything, not because you're not selling it or because you don't have cash in hand, but because you're clearly retarded.
just lmfaoo at mortgagecels.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
09-16-2019, 07:17 AM
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#105
Originally Posted By GainzMcgee⏩
its like one of my kids giving me financial advisefall in line soldier my monthly expenses are as followed:
$0 rent
$0 internet/cable
$0 water/electric
$300 chicken tendies
$0 rent
$0 internet/cable
$0 water/electric
$300 chicken tendies
Dallas Cowboys
Lifted for 30 years
Ass > tits
No Debt Crew
09-16-2019, 07:17 AM
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#106
- aleeboy
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- aleeboy
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The low rate environment + political uncertainty globally = driving immigration "green cards" for the rich.
The FED is hoping each member and their buddies can cash out to some idiot Indian or Chinese with too much money and thirst for a visa to continue their money laundering.
At the same time, everyone else who is following the dream suffers a slow, but destined, path to mediocrity.
The FED is hoping each member and their buddies can cash out to some idiot Indian or Chinese with too much money and thirst for a visa to continue their money laundering.
At the same time, everyone else who is following the dream suffers a slow, but destined, path to mediocrity.
"The manlet is a savage beast that knows no moral bound. After falling in disgrace to a manmore, a ravaged manlet would not hesitate to come from behind and land a sucker punch/ swing with a rock to the back of a manmore's head. They are ruthless and you need to spend some more time in the gutter to even begin trying to comprehend what goes on in their minds."
Hurt by the aleeboy and need to cope? Go here for hugs: https://forum.obnoxiousbrutes.com/showthread.php?t=178724011
09-16-2019, 07:30 AM
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#107
- MikeLowrrrey
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Originally Posted By 5x10⏩
People who live with family are often better off. How many people are struggling on their own and begging for businesses to raise wages? Someone living at home can pay off all their debt, get their credit score to 800+, and have a big down payment. Sounds financially responsible.its like one of my kids giving me financial advise
Mexicans always live with family, like 6-8 to a house. The pay off the house then buy another.
09-16-2019, 07:31 AM
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#108
- Bo_Flecks
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- Bo_Flecks
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Originally Posted By 5x10⏩
My financial advice to the OP would be to negotiate that grocery bill for chicken tenders with his mom. I think he could get that reduced by at least 50%.its like one of my kids giving me financial advise
09-16-2019, 07:34 AM
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#109
- hendrixfreak70
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- hendrixfreak70
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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
https://www.realtor.com/realestatean...1_M75514-26143
09-16-2019, 07:36 AM
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#110
- TBO1313
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Originally Posted By ANumber1⏩
In my little neighborhood there are 2 people that I know pretty well who are renting. Both of their landlords had in the agreement that the RENTER will pay for all home repairs and their rent is more than my mortgage. Where I live renting is horrendous. Unless you want to live in the ghetto your dishing out around 1200 a month. That might not seem bad but keep in mind you can get a decent house for 130k. I can understand the value of renting in a lot of places but not around hereA lot of research has shown it's a coin-toss whether or not this will ever happen after taxes, maintenance, and inflation. People tend to forget that when they rent, replacing the roof is already priced in, unless their landlord is a complete idiot, and that this will come out-of-pocket or require them to take out an equity line if they own. Markets are pretty efficient and cases where you get a free lunch are rare.
The advantage it does have is that it constitutes enforced savings. A lot of people don't have the discipline to save and invest what would have constituted the equity when they rent, although then they end up paying interest to get the equity out of the house, anyway, so that's yet another layer of complications.
The advantage it does have is that it constitutes enforced savings. A lot of people don't have the discipline to save and invest what would have constituted the equity when they rent, although then they end up paying interest to get the equity out of the house, anyway, so that's yet another layer of complications.
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09-16-2019, 07:52 AM
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#111
09-16-2019, 07:52 AM
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#112
- ANumber1
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- ANumber1
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Originally Posted By TBO1313⏩
Yep, those cases definitely do exist.In my little neighborhood there are 2 people that I know pretty well who are renting. Both of their landlords had in the agreement that the RENTER will pay for all home repairs and their rent is more than my mortgage. Where I live renting is horrendous. Unless you want to live in the ghetto your dishing out around 1200 a month. That might not seem bad but keep in mind you can get a decent house for 130k. I can understand the value of renting in a lot of places but not around here
It's interesting, though, that housing stock is cheap where you are yet rentals are high and also require paying maintenance? Those would normally be people with a solid income stream who can get a mortgage. Is there a hugely disproportionate demand for temporary housing by transient workers or something?
Where I'm at, there's little demand for new construction. You can currently buy an older, smaller 3BR for $120k or so that will need a lot of updates and might get pushed up to $140k-$150k when you're done. Larger Victorian homes are often subdivided into either a huge number of student rentals or multiple normal-sized apartments because there's no demand for a 10BR with servant's quarters. Asking somebody to pay $1,200andtake responsibility for repairs would probably cause a riot.
With that said, that same $120k house comes with a $4,000 property tax bill. Financially, at the end of a mortgage, you're probably better off buying a newer, bigger home for $250k in an area with low taxes - which is why there's so little demand here for new construction and the existing housing stock is generally allowed to decay. Neighborhoods get passed down to the poorest and then abandoned to the county. We're seemingly finally moving into the phase where gentrifying developers are showing up.
...it's the ciiiiircle of liiiife...
Nah, fukk that. I’m not doing that.
09-16-2019, 07:58 AM
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#113
- GainzMcgee
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- GainzMcgee
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Originally Posted By guest89⏩
ftfySorry OP. But I love being a modern day slave to the bank
09-16-2019, 08:01 AM
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#114
- Aesthetical
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- Aesthetical
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Whether you rent or buy, after 30 years you are still a fukin loser.
Only difference is after 30 years, you can sell your home for 1/3 of the total you paid out where as a renter you will be renting until your dead.
Wife and I are 30 days from closing on a nice 1000sq.ft home in the suburbs with a basement on a 0.39 acre lot.
Nice quiet cul de sac in the back corner.
Our mortgage is less than a 2BR apartment, we got the sellers to replace the roof, windows, central air unit, and convert the oil furnace to a gas furnace, completing the oil to gas conversion. Next step is to close out the garage to create an extra bedroom or bonus room and follow the neighbors in building a stand along garage in the back of the property.
lmfao @ paying $2300+ to live in a 2BR apartment that charges for an extra parking space, cat/dog rent, and has rules.
I may never own the land the house resides on, but I will still be king of my castle and a loan cuck until im 62 and the housing structure is paid off. By then I will just sell it for what its worth, move south or to sweden and retire with $300k++ cash in hand and two funded retirement accounts.
Only difference is after 30 years, you can sell your home for 1/3 of the total you paid out where as a renter you will be renting until your dead.
Wife and I are 30 days from closing on a nice 1000sq.ft home in the suburbs with a basement on a 0.39 acre lot.
Nice quiet cul de sac in the back corner.
Our mortgage is less than a 2BR apartment, we got the sellers to replace the roof, windows, central air unit, and convert the oil furnace to a gas furnace, completing the oil to gas conversion. Next step is to close out the garage to create an extra bedroom or bonus room and follow the neighbors in building a stand along garage in the back of the property.
lmfao @ paying $2300+ to live in a 2BR apartment that charges for an extra parking space, cat/dog rent, and has rules.
I may never own the land the house resides on, but I will still be king of my castle and a loan cuck until im 62 and the housing structure is paid off. By then I will just sell it for what its worth, move south or to sweden and retire with $300k++ cash in hand and two funded retirement accounts.
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09-16-2019, 08:09 AM
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#115
Originally Posted By MikeLowrrrey⏩
yup, the Sanchez empire has really taken over the real estate game...Mexicans always live with family, like 6-8 to a house. The pay off the house then buy another.
"It won't get better, just different."
09-16-2019, 08:16 AM
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#116
- TBO1313
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Originally Posted By ANumber1⏩
I thought a lot about why the renting situation is the way it is here. In my opinion a lot of it has to do with the fact that I live in poor state and all the white collar jobs are clustered into 3 metros so all the college grads who don't leave end up in one of these 3 places. When they move in to work fresh outta college they aren't going to buy a house straight away because they can't afford the down payment yet.Yep, those cases definitely do exist.
It's interesting, though, that housing stock is cheap where you are yet rentals are high and also require paying maintenance? Those would normally be people with a solid income stream who can get a mortgage. Is there a hugely disproportionate demand for temporary housing by transient workers or something?
Where I'm at, there's little demand for new construction. You can currently buy an older, smaller 3BR for $120k or so that will need a lot of updates and might get pushed up to $140k-$150k when you're done. Larger Victorian homes are often subdivided into either a huge number of student rentals or multiple normal-sized apartments because there's no demand for a 10BR with servant's quarters. Asking somebody to pay $1,200andtake responsibility for repairs would probably cause a riot.
With that said, that same $120k house comes with a $4,000 property tax bill. Financially, at the end of a mortgage, you're probably better off buying a newer, bigger home for $250k in an area with low taxes - which is why there's so little demand here for new construction and the existing housing stock is generally allowed to decay. Neighborhoods get passed down to the poorest and then abandoned to the county. We're seemingly finally moving into the phase where gentrifying developers are showing up.
...it's the ciiiiircle of liiiife...
It's interesting, though, that housing stock is cheap where you are yet rentals are high and also require paying maintenance? Those would normally be people with a solid income stream who can get a mortgage. Is there a hugely disproportionate demand for temporary housing by transient workers or something?
Where I'm at, there's little demand for new construction. You can currently buy an older, smaller 3BR for $120k or so that will need a lot of updates and might get pushed up to $140k-$150k when you're done. Larger Victorian homes are often subdivided into either a huge number of student rentals or multiple normal-sized apartments because there's no demand for a 10BR with servant's quarters. Asking somebody to pay $1,200andtake responsibility for repairs would probably cause a riot.
With that said, that same $120k house comes with a $4,000 property tax bill. Financially, at the end of a mortgage, you're probably better off buying a newer, bigger home for $250k in an area with low taxes - which is why there's so little demand here for new construction and the existing housing stock is generally allowed to decay. Neighborhoods get passed down to the poorest and then abandoned to the county. We're seemingly finally moving into the phase where gentrifying developers are showing up.
...it's the ciiiiircle of liiiife...
Property taxes here are really counter intuitive. The city that the metro is built around has some of the worst school districts in the entire country and the property taxes are 4x what they are in the surrounding places with A+ school districts. I keep waiting for gentrification to happen because there are some absolutely gorgeous homes there that have started to fall into disrepair and I keep thinking this has to be rock bottom for the city but they keep surprising me by making it even more unappealing to live there
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09-16-2019, 08:18 AM
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#117
- MikeLowrrrey
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Originally Posted By chino3⏩
Not sure why you're being sarcastic. They buy the cheaper homes in the low income neighborhoods.yup, the Sanchez empire has really taken over the real estate game...
09-16-2019, 08:52 AM
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#118
09-16-2019, 08:52 AM
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#119
- dhawkeye1980
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Originally Posted By GainzMcgee⏩
Found someone who cant afford a downpayment. Sorry for you broDoesnt mean you are the smartest guy in the room. LMFAO at mortgage cells.
brb living in a souless suburb next to bob that only talks about the weather
brb having to get a new roof, appliances and remodel your entire kitchen after 5 years
brb when market finally does tank for good house will be worthless
brb being the banks BISH for 30 years
brb thinking a piece of plywood built by illegal mexicans is a good "investment"
brb thinking your house is "worth" something when you havent even sold it and got cash in hand yet
just lmfaoo at mortgagecels.
bonus lmfaoo : thinking you actually own something when if you dont pay your tax bill daddy government will take your chit with the quickness.
brb living in a souless suburb next to bob that only talks about the weather
brb having to get a new roof, appliances and remodel your entire kitchen after 5 years
brb when market finally does tank for good house will be worthless
brb being the banks BISH for 30 years
brb thinking a piece of plywood built by illegal mexicans is a good "investment"
brb thinking your house is "worth" something when you havent even sold it and got cash in hand yet
just lmfaoo at mortgagecels.
bonus lmfaoo : thinking you actually own something when if you dont pay your tax bill daddy government will take your chit with the quickness.
09-16-2019, 09:07 AM
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#120
- guest89
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- guest89
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Originally Posted By GainzMcgee⏩
I had my house custom built 3 years ago on .33 of an acre. 1575 square foot. 3 bed. 2 bath. Two car garage. If I choose to do so it'll be paid for in 4 more years (7-8 years total) then only about $1,000 per year in property tax and $1200 per year in homeowners insurance.ftfy
I may be a 'slave' to the bank to own my home. But you have to suck your landlord's cock on demand.
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