Quality of life:

Sorry rentcels. You lose.


I woke up this AM, walked out my bedroom door going to my new deck I just had built... I walked out, had a coffee enjoying this view.



Come at me rentcels.

housecels on suicide alert.

Just wait until the market crashes and reality sets in

if you enjoy spending your free time doing manual labor, more power to you...

Market can crash and then what? I'm not planning on moving in the next 10+ years. Middle of a remodel right now. Life is great. My house value could cut in half tomorrow and I know 10 years from now it'll be worth more than what it is now...reading isn't your strong suit...


"I had built".... it does not say, "I built with my own 2 hands."

What other manual labor would I be doing? I have a landscaping company that does all my yard work...


Can only assume you're a rentcel and a minimum wagecel as well.

whatever helps you sleep at night...

he owns nothing, not even his own life. I just took that from him on the last page.

RIP.

Regardless of who does it.

If you enjoy living in one place for 10 years with the same old view?

We gonna act like you can't rent a house with a view? Must be a new law I am not aware of

If you enjoy spending your free time remodeling your home, your labor or otherwise...

If you assume that housing value always goes up (we gonna act like 2006 not gonna happen again sometime, please let me use your crystal ball).

LOL

Don't worry about the "equity" housecels always talking about thou right?

Or the alternative hypothesis:

I don't make ignorant generalizations about an individuals maturity based on their ability to trap themselves in a bad investment in one location for 30 years.

Owning a home = no flexibility for people that have no future.

Owning an apartment that pays you every month = ca$h flow investment.

I will enjoy bumping this thread when 2006 happens again, which it will

2006 happened and where were housing prices 10 years later? You ****ing retard. Jeeeeeeeezus.

You can definitely rent a house with a view. I'll own a house with a view and make any change I want to the house at anytime I want. Same time I'm out here doing any changes to my dock I want. I'll build a ****ing slip and slide from my deck down to the river and do backflips off the slip and slide into the river wearing a thong.

Good luck doing that, you rentcel.

I do enjoy having brand new **** in my house. You can enjoy the decaying trash your slumlord has in your rentcel cope space.

you are still brainwashed.

The whole point is compare returns if that money was dumped into the market or even any other investment other than a dam house during 2006 and compare the returns!...

Bro if you like living in one place for eternity and are happy, more power to you.

If you like spending your free time remodeling and building a slip and slide in your thong, more power to you.

Get your tan on broski, I am not hating on that.

But everything you are describing is a lifestyle decision, not a financial one!

Housecels always so smug thinking dumping all their money into a god dam house is some great investment!

Your house doesn't pay you every month!

Some banker is salivating at the thought of your mortgage payment.

And I know you need somewhere to live. We all get that. But the flexibility and savings that come along with renting cannot be argued with (unless you live in some leftward sh!thole i.e. NYC or San Fran)...

Would much rather pay some mom and pop for a reasonable place to rent than the dam banks or government raping you every year with property taxes.

The banks and media has all you housecels so confused.

You think you "own" your home? watch how fast the government comes for that house when you don't pay your property taxes...

serious question but off topic: why do you put a smiley face after each of your posts

I now have 7 rentcels like the OP contributing to my equity gain each month

Thanks guys you really are the best!

Actually, it does??

real asset, cash in the bank every month...

unlike owning a home...

and they get a place to live?

I bet they are a fan of you as well.

Sounds like a win-win proposition.

not a zero sum game

besides, we are not arguing the benefit of renal properties or real estate in general. We are arguing owning vs renting where you rest your head at night.

Rent where you live. Own where you rent.

If convincing yourself that I am a fraud makes you feel better about yourself, then by all means...

I will be the first to admit I owe a lot to my parents. Doesn't make the monthly checks any less real.

If my posts help just one brother on here understand that owning is not everything the media makes it out to be, then these posts will have been worth my time.

learned a lot from the misc. Try to give back.

Damn that NYTimes calculator says it would be better to rent a place for around ~$4,000/month rather than buy with the prices I'm looking at right now (~950k-1.01M)

gotta dive derper.

Individually? with my parents? "insert integer here" for Anachron

That is like asking "how many stocks do you own"?

I would argue a better question would be how many doors do you rent out? Do you manage these properties yourself or with a group? What is your typical cash on cash return, hold time and equity multiple on your investments? What type of properties do you invest in?

Only bother to post to try and wake up some of these miscers who are asleep.

Been on this forum since 2006. Very few posts. Only post when I KNOW I have something of value to give back to the community. It makes me truly sad that so many of my brothers are convinced owning a home is always in their best interest...

Take ooph for example: putting god knows how much cash into remodeling his home. Property taxes, mortgage, maintenance. If he is happy with his house then fine. But lets not act like it is some amazing investment. It is a lifestyle decision for sure. Can you imagine if he put all the cash toward something that actually paid him monthly? Owning a home is not your path to financial freedom my friends.

There is no need to lash out.

No one is back pedaling. You just asked a brain dead question

I strongly disagree, I think Grant Cardone has many good lessons to learn from albeit as a starting point.

I suppose I am a kid to you by numerical age. However if you are actually 39, and have over 7K posts since 2015, and only spew negativity here, I am not sure there is much else to discuss.

If you are ever in Austin sometime, PM me and we meet in person. I am always down to converse life/finance/women/success with a fellow misc brother.

Most of the posts on this board are trash in good fun, particularly in the recent years. But there are some gems here and there that I have learned so much from.

You seem very unhappy.

I wish you the best in your life both financially and otherwise (srs)

COPE
O
P
E

There is no fing way I could go back to apartment life.

How do you access the equity? (srs)

If you borrow against it, you still have to pay it all back someday with interest

Lol?

Bro, again, "Quality of life" at what point did I say anything was a financial decision? I'm already in the 1%. I can afford to splurge a bit and blow money on a nice house even if it doesn't give me a better return. Why does every decision have to be a financial one if my finances are already set?You mad I'm spending 200k on a remodel that will increase my property value $250k or so? I wouldn't care if I put 500k in it and it only increased my property value $250k. I have plenty of investments and cash on hand that I couldn't care what happens in the house market. It can go up, it can go down... at the end of the day I'm still going to own this house 10+ years from now.

Doesn't matter if we have another 2006 crash happen... my apartment complex will still be full.

LOL @ the rentcel cope. But if you put that money in investments????

10/10 burn haha



Legit lol'ed IRL




These mortgage versus no-mortgage troll threads provide max lulz

You kinda are. It was a simple question. You're going off tangent, talking about things that have nothing to do with the question at hand. You should be a politician.

Watch me answer that question. How many properties do I own? One, the house I live in.

How many properties does my father own? 5, 3 single family homes, one multi family home, and a 12 room hotel.

1) I have a 3.875% rate on my mortgage. No banker is salivating over that payment. The stock market averages more than double that return.

2) Who gives a fuk what happens if you don't pay your property taxes? What kind of peasant can't afford their property taxes? Mine is $4,500 a year. If you can't afford that, you're gonna have major problems trying to rent a shytty apartment as well.

Fact is, I'm going to still be paying my current monthly mortgage payment in 25 years from now while your rent is probably going to be double what you're paying now. Then a year after that I will have paid off my mortgage and will only have to pay my property tax, while you'll be paying an outrageously high number for rent in 2045.

I said this in the past, none of you *******s live in international cities like Miami or NYC or LA and purchased a $1-5million dollar house, then sold it for 300% or 3x profit. Instead you bought sh.itholes that other poor people and illegal laundering immigrants are desperate to buy for citizenship and tax reasons which is "how" your $150k house went to $450k in 7 years.

Want to gauge the true real estate market? look at luxury real estates, where homes go for $1-10m and becomes harder to illegally launder money through, and guess what *******s? Those home owners always lose money when they sell $10m property for $7million.

My take is I rent but ******* landlords do ruin quality of life but if you live in international city, impossible to save 20% for house/apt that cost $1-5m. My goal is to eventually get car and move far away because amazon prime >>> better prices and availabity for everything and I spend way more time on TECH like ipad and 4k 50 inch tvs at home as local city attractions have become boring.