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Why do some of you think it’s so important to own a house?
04-01-2022, 07:20 PM
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#31
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Originally Posted By yeshli2nuts⏩
There are financial benefits to owning a business too.People who don't understand the financial benefits of owning a house are the same people who say "what's the big deal about owning a house?"
And you can absolutely achieve great financial success without owning a house or a business
To act like it’s some prerequisite is misguided. I guarantee there’s people who choose to rent that are much wealthier than you.
All it is is cope on both sides. If you’re strongly on either side getting into those arguments on the misc you’re just a loser bottom line. And judging by this post here you’re sounding like one of the people firmly entrenched on the homeownership side senselessly arguing how much better it is.
I’ll say again for the record, I’m not siding with renting or owning. Both suit people in different ways. Neither means sh*t in terms of defining success either because it’s not any less likely you’ll be wealthy renting than buying a home if you aren’t a retard
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
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04-01-2022, 07:30 PM
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#32
- Adam16121
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Because nothing makes me happier than taxes and upkeep. Redoing pipes, wiring, remodeling, and stylistic renovations fulfill me emotionally.
On a srs note, all of that ^ is still better than renting, unless your bank account + investment accounts add up to at least the mid/upper seven figures, or you are young and doing 350k+.
On a srs note, all of that ^ is still better than renting, unless your bank account + investment accounts add up to at least the mid/upper seven figures, or you are young and doing 350k+.
04-01-2022, 07:31 PM
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#33
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because its your own ****ing house dude
what kind of ****ing rentcel cope is this?
what kind of ****ing rentcel cope is this?
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04-01-2022, 07:46 PM
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#34
- BornagaininUES
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Just knowing that if things go wrong such as me getting fired from my job, I have a place to go back to and not pay rent on assuming that the house has been paid off, that is it.
I also want to own a dog but of some of the higher energy breeds, brb most apartments ban German Shepherds and Rotweilers.
It is knowing that you are not under the foot of a landlord or stubborn apartment building. Plus living in South Florida, my apartment is almost 600 bucks more expensive on rent now than when I got it months ago so I lucked out big time.
I also want to own a dog but of some of the higher energy breeds, brb most apartments ban German Shepherds and Rotweilers.
It is knowing that you are not under the foot of a landlord or stubborn apartment building. Plus living in South Florida, my apartment is almost 600 bucks more expensive on rent now than when I got it months ago so I lucked out big time.
04-01-2022, 07:48 PM
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#35
04-01-2022, 07:56 PM
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#36
- yeshli2nuts
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Originally Posted By Adam16121⏩
It's funny because those things you listed as sarcasm are the things I truly do enjoy doing with my house (except obivously taxes). I thoroughly enjoy doing house projects and doing little things to improve it.Because nothing makes me happier than taxes and upkeep. Redoing pipes, wiring, remodeling, and stylistic renovations fulfill me emotionally.
On a srs note, all of that ^ is still better than renting, unless your bank account + investment accounts add up to at least the mid/upper seven figures, or you are young and doing 350k+.
On a srs note, all of that ^ is still better than renting, unless your bank account + investment accounts add up to at least the mid/upper seven figures, or you are young and doing 350k+.
Originally Posted By OliverHeldens⏩
If you are not going to live there for a good number of years, it absolutely does not make financial sense to buy. The financial benefit of owning only applies if you plan on living there long term.A house is a liability. However, compared to paying rent it often makes sense to own. In my city that isn't actually the case. I keep thinking about buying a condo downtown to live it up for a couple more years before potentially settling down, and every time I run the numbers it would actually be cheaper for me to rent that same condo.
Originally Posted By SoutheastBeast1⏩
I agree, mostly. I never said anything about owning a house defining success. I said it makes financial sense, but like I said above, only if you plan on living there long term. People who live their entire life in one apartment are just financial idiots. If you move around a lot, then by all means you should be renting. However, at the end of the day, with all else being equal, you WILL be less wealthy renting than buying a home, that's just a simple fact of calculation.There are financial benefits to owning a business too.
And you can absolutely achieve great financial success without owning a house or a business
To act like it’s some prerequisite is misguided. I guarantee there’s people who choose to rent that are much wealthier than you.
All it is is cope on both sides. If you’re strongly on either side getting into those arguments on the misc you’re just a loser bottom line. And judging by this post here you’re sounding like one of the people firmly entrenched on the homeownership side senselessly arguing how much better it is.
I’ll say again for the record, I’m not siding with renting or owning. Both suit people in different ways. Neither means sh*t in terms of defining success either because it’s not any less likely you’ll be wealthy renting than buying a home if you aren’t a retard
And you can absolutely achieve great financial success without owning a house or a business
To act like it’s some prerequisite is misguided. I guarantee there’s people who choose to rent that are much wealthier than you.
All it is is cope on both sides. If you’re strongly on either side getting into those arguments on the misc you’re just a loser bottom line. And judging by this post here you’re sounding like one of the people firmly entrenched on the homeownership side senselessly arguing how much better it is.
I’ll say again for the record, I’m not siding with renting or owning. Both suit people in different ways. Neither means sh*t in terms of defining success either because it’s not any less likely you’ll be wealthy renting than buying a home if you aren’t a retard
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04-01-2022, 08:00 PM
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#37
- guest89
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1. It gives you a lot more space. Mine is 2 bath 3 bedroom with attached garage. Nice back patio. Etc. Currently only own a truck, motorcycle and boat. But I'll eventually add in a second boat and possibly a 4-wheeler or side-by-side as well. Hell maybe even a Jeep or Sports car. No room for mantoys when you own an apartment.
2. Its a tremendous opportunity to build wealth. Every month you shell out money into an asset that gives you increased equity as you hold it.
3. It gets you away from losers and plebs. Its just a lot more peaceful then slumming it in an apartment with shared walls/ ceiling/roof and trying to park in a crowded parking lot.
4. Its a decent hedge against inflation. Locked in with the same payment for the next 30 at 2.8%. Property value increases on average 2-3% per year. Rent increases on average 2-3% per year. Do the math on that if I live in this city for 30.
When I first bought my house I could rent the same house for a couple of hundred more per month. Fast forward 7 years. I refinanced it. $585 per month for the next 30 years. If I wanted to rent this house out right now current market value just hit 2K per month. Apartments with a comparable size are around $1600-1800 per month right now. BRB paying a minimum of 1K per month less to be in my own home.
Assuming you're a middle class dude buying a home is the way to go. If you're rich as fukk and are going to travel around the country/world living in different places every few years or so just rent.
2. Its a tremendous opportunity to build wealth. Every month you shell out money into an asset that gives you increased equity as you hold it.
3. It gets you away from losers and plebs. Its just a lot more peaceful then slumming it in an apartment with shared walls/ ceiling/roof and trying to park in a crowded parking lot.
4. Its a decent hedge against inflation. Locked in with the same payment for the next 30 at 2.8%. Property value increases on average 2-3% per year. Rent increases on average 2-3% per year. Do the math on that if I live in this city for 30.
When I first bought my house I could rent the same house for a couple of hundred more per month. Fast forward 7 years. I refinanced it. $585 per month for the next 30 years. If I wanted to rent this house out right now current market value just hit 2K per month. Apartments with a comparable size are around $1600-1800 per month right now. BRB paying a minimum of 1K per month less to be in my own home.
Assuming you're a middle class dude buying a home is the way to go. If you're rich as fukk and are going to travel around the country/world living in different places every few years or so just rent.
Originally Posted By TugOfPeace⏩
Depends on the suburb man. There are plenty of new suburbs/subdivisions being built with a mini-city feel. With restaurants, bars and small shops within walking distance. Its own little park/town square area. Gyms. Etc. Also nicer ones don't do the same builder/floorplan/build style now so every house looks different.What's the appeal of living in a cookie cutter suburb where if you stare out your window you just see a front yard/back yard, and you have to drive everywhere to do anything at all? No people walking around, no restaurants closeby.. just odd. Way too fukking quiet too, I lived with parents last year and couldn't stand how stale it was to be living in what felt like isolation
04-01-2022, 08:06 PM
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#38
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Being a Chad wasn’t enough I wanted to be a land Chad hehe
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04-01-2022, 08:12 PM
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#39
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Well I'm married for one, so shoots aren't really relevant.
I like owning my house because I am an amateur carpenter and I like doing improvements and maintenance and I'm an adult so I don't want a landlord trying to boss me around or tell me what I can and can't do in my home.
I also bought during a dip in the housing market here and my pitbull real estate agent got the sellers to knock 20% off the asking price so in a few years when we sell we will make a good chunk of cash on the sale.
If we had been renting during that time all that money spent on rent would just be gone.
We also had a large down payment saved so our mortgage payment is $400 a month where as renting a comparable place would be like $1800 a month so we have a lot more disposable income now than we did as renters.
I like owning my house because I am an amateur carpenter and I like doing improvements and maintenance and I'm an adult so I don't want a landlord trying to boss me around or tell me what I can and can't do in my home.
I also bought during a dip in the housing market here and my pitbull real estate agent got the sellers to knock 20% off the asking price so in a few years when we sell we will make a good chunk of cash on the sale.
If we had been renting during that time all that money spent on rent would just be gone.
We also had a large down payment saved so our mortgage payment is $400 a month where as renting a comparable place would be like $1800 a month so we have a lot more disposable income now than we did as renters.
04-01-2022, 08:18 PM
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#40
- Adam16121
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Originally Posted By yeshli2nuts⏩
Honestly, it was a weak joke/point from me. I spend a lot of my time on home improvement, and while it has it’s chit moments, the payoff is great. Especially if you learned a thing or two and did it yourself. Creating something beautiful/awesome yourself is a fantastic feeling.It's funny because those things you listed as sarcasm are the things I truly do enjoy doing with my house (except obivously taxes). I thoroughly enjoy doing house projects and doing little things to improve it.
04-01-2022, 08:25 PM
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#41
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It's equity during times of inflation, already gone up about $150k since I bought it. Also I own a 2 house lot. It's a net profit. My tenants pay the mortgage plus some.
04-01-2022, 08:36 PM
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#42
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equity: that's the only advantage.
04-01-2022, 08:38 PM
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#43
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I need space. I hate living really close to other people. I'll never live on less than 1 acre ever again.
04-01-2022, 08:39 PM
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#44
- GaryCarnivals
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Originally Posted By ApeMode666⏩
based. lol @ "owning something" when you have to pay Mr. Cohen for 30 yearswhatever helps you sleep well at night
you don't take your living box with you into the afterlife
they have deathboxes and plots for your final resting spot ol chap
you don't take your living box with you into the afterlife
they have deathboxes and plots for your final resting spot ol chap
04-01-2022, 08:40 PM
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#45
Originally Posted By DolphinPilot⏩
I pay probably close to $3k a year in taxes. Town, City, Village and School, they really stick it to us in my state.because eventually having no rent payments would be nice.
I own my home and it's gone up $47k in value but in that time I've paid maybe $50k in taxes.
Don't put that on me Ricky Bobby, don't you ever put that on me.
04-01-2022, 08:47 PM
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#46
- Johnez
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It's not the house, it's the fact that it's yours to do what you please. I don't have a house. Suck not having a property to put a work shop in. Sucks not being able to run and air compressor or table saw. Sucks being limited to what you can do. HOAs and tiny lots are retarded tho, even if the house is owned, might as well rent LMAO.
Virtue is its own reward.
04-01-2022, 08:57 PM
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#47
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Originally Posted By yeshli2nuts⏩
Not exactly true.It's funny because those things you listed as sarcasm are the things I truly do enjoy doing with my house (except obivously taxes). I thoroughly enjoy doing house projects and doing little things to improve it.
If you are not going to live there for a good number of years, it absolutely does not make financial sense to buy. The financial benefit of owning only applies if you plan on living there long term.
I agree, mostly. I never said anything about owning a house defining success. I said it makes financial sense, but like I said above, only if you plan on living there long term. People who live their entire life in one apartment are just financial idiots. If you move around a lot, then by all means you should be renting. However, at the end of the day, with all else being equal,you WILL be less wealthy renting than buying a home,that's just a simple fact of calculation.
If you are not going to live there for a good number of years, it absolutely does not make financial sense to buy. The financial benefit of owning only applies if you plan on living there long term.
I agree, mostly. I never said anything about owning a house defining success. I said it makes financial sense, but like I said above, only if you plan on living there long term. People who live their entire life in one apartment are just financial idiots. If you move around a lot, then by all means you should be renting. However, at the end of the day, with all else being equal,you WILL be less wealthy renting than buying a home,that's just a simple fact of calculation.
We're living in times where housing market has exploded up and has turned into the best investment you could make. But hindsight is always 20/20. I could sit here and say if you dumped all the money you paid for your house into Tesla 5 years ago you're an idiot for buying a house.
Obviously an isolated example. But that's my point. It's not always smarter to buy a house. Right now it looks like a great choice with how the market has shot up but historically, while still a solid investment, isn't the end all be all of investments either. There's easily an argument that could be made to generate wealth by using the money you save by renting to turn as much of a profit as the house would get you.... and I don't mean by hitting a lotto ticket like Tesla either but just general solid steady and smart investments.
Truthfully, housing is the safe way to invest. Buy a house and generally speaking you'll very likely get good returns on average. Although it's not really the investing advantage some of you believe. The fact you consider it an investment at all is a bit misguided to some extent. Again excluding the recent hot ride of the market, it's historically been a safeguard investment, not one that you use if you're really trying to drive up your wealth considerably.
If you bought a house because you view it as an investment you really are doing it wrong...
https://www.moneyunder30.com/why-you...-an-investment
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
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04-01-2022, 09:08 PM
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#48
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Originally Posted By ApeMode666⏩
You can leave your home to your children though. If you have one kid, then they can either live there and not have to worry about the most expensive aspect of life, or they can sell it and do what the money anything they want.whatever helps you sleep well at night
you don't take your living box with you into the afterlife
they have deathboxes and plots for your final resting spot ol chap
you don't take your living box with you into the afterlife
they have deathboxes and plots for your final resting spot ol chap
Multiple kids and you can leave it to them to split ownership, etc. Renters die, and there’s a new renter in there paying off the landlords mortgage within a few weeks.
Lurking since '05 - the days of VS gorilla/cloud/goku threads
04-01-2022, 09:08 PM
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#49
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Good point. Selling my house and sleeping on the floor of a bus station tonight. Thanks op repped.
04-01-2022, 09:09 PM
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#50
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Also for those considering their home an investment... are you planning on selling your home? Otherwise it's as good as a stock with unrealized gains just sitting there.
And if yo duo sell your home to realize any appreciation, where will you live? If your house appreciated I can assure you others will have as well. So you're either back to renting or you buy another house that's either equally as costly or you downgrade to a smaller home and have a lower standard of living in order to realize your gains.
Your house "investment" only become beneficial as an investment if you're willing to undercut your lifestyle to realize your gains. One way or another, whether it be sliding back into renting or downsizing your housing.
So I do think those of you who look at it as an investment are idiots. It's a place to live and it serves that purpose as well as for someone who rents. Obviously it affords a different style of shelter, and that style suits the needs of some better than renting, and renting style of shelter suits the needs of others better.
But to think of your house as an investment... that's the ultimate fallible logic imo.
And if yo duo sell your home to realize any appreciation, where will you live? If your house appreciated I can assure you others will have as well. So you're either back to renting or you buy another house that's either equally as costly or you downgrade to a smaller home and have a lower standard of living in order to realize your gains.
Your house "investment" only become beneficial as an investment if you're willing to undercut your lifestyle to realize your gains. One way or another, whether it be sliding back into renting or downsizing your housing.
So I do think those of you who look at it as an investment are idiots. It's a place to live and it serves that purpose as well as for someone who rents. Obviously it affords a different style of shelter, and that style suits the needs of some better than renting, and renting style of shelter suits the needs of others better.
But to think of your house as an investment... that's the ultimate fallible logic imo.
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
04-01-2022, 09:18 PM
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#51
Originally Posted By Johnez⏩
Lotta truth here. I can go out back and set up my sawhorses and do stuff all day, I work with wood a lot so this is important to me.It's not the house, it's the fact that it's yours to do what you please. I don't have a house. Suck not having a property to put a work shop in. Sucks not being able to run and air compressor or table saw. Sucks being limited to what you can do. HOAs and tiny lots are retarded tho, even if the house is owned, might as well rent LMAO.
Don't put that on me Ricky Bobby, don't you ever put that on me.
04-01-2022, 09:31 PM
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#52
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Originally Posted By Bando⏩
You would still have had to pay those taxes if you rentI pay probably close to $3k a year in taxes. Town, City, Village and School, they really stick it to us in my state.
I own my home and it's gone up $47k in value butin that time I've paid maybe $50k in taxes.
I own my home and it's gone up $47k in value butin that time I've paid maybe $50k in taxes.
The only difference is that you’d send your tax payment via your landlord, who would stick a healthy profit margin on top
04-01-2022, 09:34 PM
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#53
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Originally Posted By SoutheastBeast1⏩
I sold 4 properties in the last 3 years and currently about to start construction on another 4, and starting development approvals on 2 more lotsAlso for those considering their home an investment... are you planning on selling your home? Otherwise it's as good as a stock with unrealized gains just sitting there.
And if yo duo sell your home to realize any appreciation, where will you live? If your house appreciated I can assure you others will have as well. So you're either back to renting or you buy another house that's either equally as costly or you downgrade to a smaller home and have a lower standard of living in order to realize your gains.
Your house "investment" only become beneficial as an investment if you're willing to undercut your lifestyle to realize your gains. One way or another, whether it be sliding back into renting or downsizing your housing.
So I do think those of you who look at it as an investment are idiots. It's a place to live and it serves that purpose as well as for someone who rents. Obviously it affords a different style of shelter, and that style suits the needs of some better than renting, and renting style of shelter suits the needs of others better.
But to think of your house as an investment... that's the ultimate fallible logic imo.
And if yo duo sell your home to realize any appreciation, where will you live? If your house appreciated I can assure you others will have as well. So you're either back to renting or you buy another house that's either equally as costly or you downgrade to a smaller home and have a lower standard of living in order to realize your gains.
Your house "investment" only become beneficial as an investment if you're willing to undercut your lifestyle to realize your gains. One way or another, whether it be sliding back into renting or downsizing your housing.
So I do think those of you who look at it as an investment are idiots. It's a place to live and it serves that purpose as well as for someone who rents. Obviously it affords a different style of shelter, and that style suits the needs of some better than renting, and renting style of shelter suits the needs of others better.
But to think of your house as an investment... that's the ultimate fallible logic imo.
Tell me how 7 figure profits each year make me an idiot
04-01-2022, 09:41 PM
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#54
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Originally Posted By r32gojirra⏩
Bro I’m getting charged 2k to wire 1 outdoor outlet. I have like 25 to rewire, and that doesn’t include light fixtures. Fukin hell, i don’t know what you pay your electricians, but I’m getting to a point of licensing myself for this chit through courses. I know, I know, the answer every development brah has is is a knockdown. FeelsbadmanI sold 4 properties in the last 3 years and currently about to start construction on another 4, and starting development approvals on 2 more lots
Tell me how 7 figure profits each year make me an idiot
Tell me how 7 figure profits each year make me an idiot
04-01-2022, 09:43 PM
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#55
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Originally Posted By Adam16121⏩
Tradies of every type are making bank right nowBro I’m getting charged 2k to wire 1 outdoor outlet. I have like 25 to rewire, and that doesn’t include light fixtures. Fukin hell, i don’t know what you pay your electricians, but I’m getting to a point of licensing myself for this chit through courses.
Idk where you live but if you’re a tradie here you can get your builders license
Which is essentially a license to print money
Wishiwasatradie crew
04-01-2022, 10:01 PM
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#56
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Originally Posted By r32gojirra⏩
Just wtaf @ people thinking they don’t pay for property taxes if they are renting. Of course you do, only difference is that you pay someone else’sYou would still have had to pay those taxes if you rent
The only difference is that you’d send your tax payment via your landlord, who would stick a healthy profit margin on top
The only difference is that you’d send your tax payment via your landlord, who would stick a healthy profit margin on top
04-01-2022, 10:07 PM
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#57
- Paul Kreul
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- Paul Kreul
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A house will always gain equity and value, while your payment is fixed for the term of the loan. can do as you please with your home and property.
Renting, you gain o equity, rents can be raised for whatever reason your landlord chooses, and they can kick you out regardless of what your contract states..
Choosing renting over owning is fuking insane that it has to even be questioned.
For those saying owning a home is a risk obviously their Realtor never told them to get a home warranty.
Renting, you gain o equity, rents can be raised for whatever reason your landlord chooses, and they can kick you out regardless of what your contract states..
Choosing renting over owning is fuking insane that it has to even be questioned.
For those saying owning a home is a risk obviously their Realtor never told them to get a home warranty.
04-01-2022, 10:08 PM
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#58
- TimeTravelerBro
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- TimeTravelerBro
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Because why the fuk would anyone want to deal with neighbors constantly making noise, babies crying keeping you up at night, constant bickering, and a list of other chit you have to deal with renting. Also paying someone else mortgage.
Anyone who thinks renting long term is either too poor to afford a house or stupid
Anyone who thinks renting long term is either too poor to afford a house or stupid
04-01-2022, 10:19 PM
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#59
- BigBallsMcgee
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- BigBallsMcgee
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Originally Posted By SoutheastBeast1⏩
For me I lived somewhere where rent was higher than my current mortgage(bought in a different state).That’s why I’m asking. Obviously it’s not to impress sloots. So then what is it?
You do know the majority of homeowners don’t own their house outright? They can absolutely get kicked out. Not to mention property taxes even if it is paid off in full.
Ask the misc homeowners here how many of them have fully paid off their home. Very few will have, so that security you speak of can’t be it either.
You do know the majority of homeowners don’t own their house outright? They can absolutely get kicked out. Not to mention property taxes even if it is paid off in full.
Ask the misc homeowners here how many of them have fully paid off their home. Very few will have, so that security you speak of can’t be it either.
It just didn't make sense to pay that much for rent.
04-01-2022, 10:20 PM
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#60
Locking in a mortgage - though property taxes, HoA, maintenance, etc. are subject to go up, those things are technically a part of why rent is always going up anyways, so even as a renter you're indirectly facing those things.
Jealous of anyone who pays less than $1k/mo for a spacious house, srs. Even more jealous of anyone who pays $0/mo because they have their house fully paid off.
It's a huge part of retirement for most people.
Houses go up until there's a bubble, if there ever is one again.
Jealous of anyone who pays less than $1k/mo for a spacious house, srs. Even more jealous of anyone who pays $0/mo because they have their house fully paid off.
It's a huge part of retirement for most people.
Houses go up until there's a bubble, if there ever is one again.
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