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Why do some of you think it’s so important to own a house?
04-02-2022, 10:50 AM
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#91
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These threads always conveniently pop up around the first of the month
Hope you rentcels have made your monthly contribution to your landlords mortgage!
Hope you rentcels have made your monthly contribution to your landlords mortgage!
04-02-2022, 11:03 AM
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#92
04-02-2022, 11:34 AM
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#93
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Surely it depends where you live? I don't know any single man (20s/early 30s) here in LA that owns a house, maybe a condo but even that is pretty rare in my social circle.
I imagine it's the same in other high cost cities like NYC, Boston etc.
If I was married and had kids that would be a different story.
I imagine it's the same in other high cost cities like NYC, Boston etc.
If I was married and had kids that would be a different story.
04-02-2022, 01:11 PM
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#94
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Originally Posted By paul
jebus?yes, there that..the greatest man in history, jesus christ, never owned a home..but most rentcels aren't goin around giving sight to the blind and healing the cripple..they are just on full time rotmaxx
Lulz
04-02-2022, 01:30 PM
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#95
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Originally Posted By smokinal⏩
Only plebes view homes as an investment lmao it’s an awful one if soIt's called an investment.
Not giving your money to someone else and owning nothing.
Coming home after a long day and knowing this is yours...not your landlord's.
Not giving your money to someone else and owning nothing.
Coming home after a long day and knowing this is yours...not your landlord's.
04-02-2022, 01:33 PM
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#96
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Lol typical rentcel cope ITT.
Brb garage
Brb land
Brb modifications at will
Brb your own property/security
Brb investment
Brb not a fukkin child
The only advantage of renting is limited liability.
Brb garage
Brb land
Brb modifications at will
Brb your own property/security
Brb investment
Brb not a fukkin child
The only advantage of renting is limited liability.
See SuperHercules' sig
04-02-2022, 01:36 PM
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#97
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Originally Posted By nikonD70s⏩
https://jlcollinsnh.com/2013/05/29/w...le-investment/Should treat houses like an investment imo. The so call American dream was made up by banks so u can be in debt srs.
Problem with treating house as “investment” is the returns sucks, and you end up thinking the money spent on improvements, lawn care, etc is positive ROI. It isn’t
Only view homes as investment if it’s rented real estate. Your home is a place to live and should be viewed/treated as such. Any cost you put on it is because you gain enjoyment from it - not because of some perceived ROI because it isn’t
Being a rentcel but living below means and investing the difference is best bet
04-02-2022, 02:04 PM
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#98
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Originally Posted By meanstringbean⏩
Rentcel copehttps://jlcollinsnh.com/2013/05/29/w...le-investment/
Problem with treating house as “investment” is the returns sucks, and you end up thinking the money spent on improvements, lawn care, etc is positive ROI. It isn’t.
Problem with treating house as “investment” is the returns sucks, and you end up thinking the money spent on improvements, lawn care, etc is positive ROI. It isn’t.
Your return on investment is hundreds of percent over 30 years vs negative 100 percent for a rentcel.
And the rentcel will pay out many times more cash with rising rents and inflation for that negative 100 percent return.
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04-02-2022, 02:08 PM
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#99
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Locking in your rent price for 30 years during a time of structural hyper-inflation makes a lot of sense.
Short term, I think we're looking at a recession, see the absolutely broken bond yield curve. Over decades though, I think runaway inflation / G7 nations all default is just baked into the cake at this point.
Short term, I think we're looking at a recession, see the absolutely broken bond yield curve. Over decades though, I think runaway inflation / G7 nations all default is just baked into the cake at this point.
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04-02-2022, 02:08 PM
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#100
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Originally Posted By Kev1972⏩
Over 30 years? LOLRentcel cope
Your return on investment is hundreds of percent over 30 yearsvs negative 100 percent for a rentcel.
And the rentcel will pay out many times more cash with rising rents and inflation for that negative 100 percent return.
Your return on investment is hundreds of percent over 30 yearsvs negative 100 percent for a rentcel.
And the rentcel will pay out many times more cash with rising rents and inflation for that negative 100 percent return.
Let's say you have 500k to spend. Pretend you already have a house in this argument. You have an extra 500k.
Do you buy another house for 500k or do you invest that 500k in something else? Remember you already own a home. So are you going to put this spare 500k into another house? Honestly curious. If it's actually an investment then of course you would. Yet most don't do that. Why? Because it's not an investment and you're an idiot
/thread
"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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04-02-2022, 02:18 PM
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#101
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Originally Posted By SoutheastBeast1⏩
Heres the deal. Its still an investment vehicle.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.
Do most Americans pay a loan note? Yes. But you also do that renting
Do most Americans pay property tax? Yes But you also do that renting (its built into the rent)
You are building equity into an appreciating asset over time (more appreciating if you buy in the right area)
Of course you can say "well I choose to pay lower rent and invest my money in other places"
sure you can do that too, but most people that are financially sound want to be diversified.
What is there that is hard to understand here?
04-02-2022, 02:19 PM
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#102
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Originally Posted By ApeMode666⏩
I honestly dont give a fack whether I "own" the house or not. I own the equity when I sell.a domicile is not an "investment" it's consumption
you don't own the house until there is no payment to a lender
you don't own the house until there is no payment to a lender
04-02-2022, 02:21 PM
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#103
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The Motley Fool: "4 Signs that a housing market crash is coming"
How strange that so many financial outlets are reporting about this all at once starting in March 2022....
https://www.fool.com/the-ascent/pers...ash-is-coming/
60% off, boyos, get your shekels ready....
How strange that so many financial outlets are reporting about this all at once starting in March 2022....
https://www.fool.com/the-ascent/pers...ash-is-coming/
60% off, boyos, get your shekels ready....
Everything I post is satire.
Tricknology Grand Master.
04-02-2022, 02:25 PM
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#104
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Originally Posted By SoutheastBeast1⏩
I understand your point of this thread but its pretty misguided honestly. You used the term wealthy.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
Show me a list of people that are actually "wealthy" who do not own real estate?
Personally I cant think of one of my business colleagues that doesnt own at least 1 piece of real estate. Now I am not saying just because I cant think of one means its the standard.....but you would think I could at least think of one person in my business network of thousands if it were more 50/50 no?
04-02-2022, 02:33 PM
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#105
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Originally Posted By SoutheastBeast1⏩
Easy answers bro.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.
Of course I plan on selling my home(s). Where will I live? I typically have an open lot purchased and will build on it when the price per sqft warrants I can make a good amount of equity by building. (I contract my own builds so I save quite a bit of money on the house vs hiring a builder)
"Your house "investment" only become beneficial as an investment if you're willing to undercut your lifestyle to realize your gains"
Thats not true at all. Using my example above, I typically am able to sell (If I choose) or just rent out the current house I am living in and parlay money into the next lot for about the price I would pay for a house in my current neighborhood but in a better neighborhood because I bought the lot 5-6 years prior and am building on my own.
On another property I bought 20 years go.....i plan on doing either a cash out refinance or a 1031 exchange on it for a place on the lake in the hill country. If I do the exchange, my capital gains taxes will be minimum, i will roll it into a property that will both serve as a vacation home for my kids as well as an AirBNB while we dont use it. It will cash flow, provide us fun, and I wont pay cap gains on the house I sell to buy it.
04-02-2022, 02:41 PM
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#106
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Because it’s theirs. I know guys who walk off jobs because they own a house and don’t need much money. BRB working all day and night to over pay rent
04-02-2022, 02:53 PM
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#107
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Originally Posted By SoutheastBeast1⏩
Absolutely idiotic post. Many people do decide to buy that 500k house, those people are called landlords. This is exactly what Blackrock is doing because they know owning a house is an investment.Over 30 years? LOL
Let's say you have 500k to spend. Pretend you already have a house in this argument. You have an extra 500k.
Do you buy another house for 500k or do you invest that 500k in something else? Remember you already own a home. So are you going to put this spare 500k into another house? Honestly curious. If it's actually an investment then of course you would. Yet most don't do that. Why? Because it's not an investment and you're an idiot
/thread
Let's say you have 500k to spend. Pretend you already have a house in this argument. You have an extra 500k.
Do you buy another house for 500k or do you invest that 500k in something else? Remember you already own a home. So are you going to put this spare 500k into another house? Honestly curious. If it's actually an investment then of course you would. Yet most don't do that. Why? Because it's not an investment and you're an idiot
/thread
Never neg first but always neg back crew
04-02-2022, 03:11 PM
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#108
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Here's how retarded Kev, and anyone else calling their house an investment, is.
In 30 years, 1991 to 2021, the median home price has gone from 98,000 to 352,000
That's a pedestrian 4.5% increase per year. Don't believe me I have calculator's to back it up
https://www.investor.gov/financial-t...est-calculator
Plus in 100k for your initial investment, $0 monthly contribution, 30 years time, 4.5 interest rate, compound annually..... calculate = 100k to 374k, which is actually slightly more than the median has risen to Dec 2021.
Basically your investment is total sh*t. If you already own a home and have another 500k sitting around and think putting that 500k into another home to "invest" you are stupid as f*ck. Thus, a home is not an investment. Not a smart one anyway. It helps hedge against inflation. But it sure as f*ck isn't a strong investment. It's a place to live basically.
Also most of you aren't buying outright. You have a mortgage. That means you pay interest... aka "rent".
Let's say you buy a 400k home, downplay 20%, 80k, leaving 320k principal and I'll be generous and give you a 4% interest rate on a 30-yr mortgage. More calculators for you all if you're so inclined:
https://www.bankrate.com/mortgages/mortgage-calculator/
(continued in next post)
In 30 years, 1991 to 2021, the median home price has gone from 98,000 to 352,000
That's a pedestrian 4.5% increase per year. Don't believe me I have calculator's to back it up
https://www.investor.gov/financial-t...est-calculator
Plus in 100k for your initial investment, $0 monthly contribution, 30 years time, 4.5 interest rate, compound annually..... calculate = 100k to 374k, which is actually slightly more than the median has risen to Dec 2021.
Basically your investment is total sh*t. If you already own a home and have another 500k sitting around and think putting that 500k into another home to "invest" you are stupid as f*ck. Thus, a home is not an investment. Not a smart one anyway. It helps hedge against inflation. But it sure as f*ck isn't a strong investment. It's a place to live basically.
Also most of you aren't buying outright. You have a mortgage. That means you pay interest... aka "rent".
Let's say you buy a 400k home, downplay 20%, 80k, leaving 320k principal and I'll be generous and give you a 4% interest rate on a 30-yr mortgage. More calculators for you all if you're so inclined:
https://www.bankrate.com/mortgages/mortgage-calculator/
(continued in next post)
"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
04-02-2022, 03:12 PM
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#109
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Flip over to the amortization schedule after plugging in the numbers, over the 30 year life span of payments you'll be paying somewhere around 230k in interest rates for your home.
That's $7,666 in "rent" every year. You might be thinking.. ok well I still come out better than a rentcel paying $1.5k/month, or 18k/yr, and you'd be right.... if the interest was your only cost. It's not. You also have property tax and home owner insurance each month. Flip back to your payment breakdown tab and we'll round down and call this $300/mo or 3.5k/yr. Now we're up to 11k/yr in "rent" for your house.
Still less than 18k and you're probably thinking well at least I'm still coming out ahead. But sorry..there's more. Because you have home maintenance and repair costs per year to factor in as well. More sources for you since misc is full of stubbornness and needs sh*t shoved down their throats
https://www.amfam.com/resources/arti...ntenance-costs
Assuming we go by the 1 percent rule, the 400k home you just bought will cost you another $4k per year. Now our "rent" for homeowners is 15k/yr. At this point you're probably thinking "perfect! I still come out 3k/yr ahead of the rentcels!"
Except.. you don't... because this is if you pay 0 principal and never actually own your home at all. So in order to own your home you still have to pay the principal off. So what is that you ask? If you go back to the amortization schedule you'll see the principal actually increases by month over the lifetime of the mortgage. We'll just make this simple, because misc if full of retards, and just take an average per year. You have 320k principal left and 30 years to pay it, roughly comes to another 10.5k per year.
So you're actually losing 7.5k per year than the rentcel.
It's not all bad, you do get to keep the house at the end of this. BUT, the 7.5k you spend every year is an opportunity for investment lost that the rentcel gains. So let's see the impact of that decision. Go back to your compound interest calculator. Here's the link again for those too incompetent to know which one it is above:
https://www.investor.gov/financial-t...est-calculator
Now plug in 0 for the initial investment, monthly contribution of 625, which equals 7.5k/yr for those who are struggling to follow, 30 years time, and for estimated interest rate since historically the market is 10% that's a good benchmark for us to use here as potential returns... so plug that number in.
I'll be nice and compound this annually as well even though we're contributing monthly. Hit calculate... I don't know what you all are seeing but I get 1.233 million on my screen. That's the investment the homeowner LOST to the rencel while paying off his principal over 30 years.
(continued in next post)
That's $7,666 in "rent" every year. You might be thinking.. ok well I still come out better than a rentcel paying $1.5k/month, or 18k/yr, and you'd be right.... if the interest was your only cost. It's not. You also have property tax and home owner insurance each month. Flip back to your payment breakdown tab and we'll round down and call this $300/mo or 3.5k/yr. Now we're up to 11k/yr in "rent" for your house.
Still less than 18k and you're probably thinking well at least I'm still coming out ahead. But sorry..there's more. Because you have home maintenance and repair costs per year to factor in as well. More sources for you since misc is full of stubbornness and needs sh*t shoved down their throats
https://www.amfam.com/resources/arti...ntenance-costs
Assuming we go by the 1 percent rule, the 400k home you just bought will cost you another $4k per year. Now our "rent" for homeowners is 15k/yr. At this point you're probably thinking "perfect! I still come out 3k/yr ahead of the rentcels!"
Except.. you don't... because this is if you pay 0 principal and never actually own your home at all. So in order to own your home you still have to pay the principal off. So what is that you ask? If you go back to the amortization schedule you'll see the principal actually increases by month over the lifetime of the mortgage. We'll just make this simple, because misc if full of retards, and just take an average per year. You have 320k principal left and 30 years to pay it, roughly comes to another 10.5k per year.
So you're actually losing 7.5k per year than the rentcel.
It's not all bad, you do get to keep the house at the end of this. BUT, the 7.5k you spend every year is an opportunity for investment lost that the rentcel gains. So let's see the impact of that decision. Go back to your compound interest calculator. Here's the link again for those too incompetent to know which one it is above:
https://www.investor.gov/financial-t...est-calculator
Now plug in 0 for the initial investment, monthly contribution of 625, which equals 7.5k/yr for those who are struggling to follow, 30 years time, and for estimated interest rate since historically the market is 10% that's a good benchmark for us to use here as potential returns... so plug that number in.
I'll be nice and compound this annually as well even though we're contributing monthly. Hit calculate... I don't know what you all are seeing but I get 1.233 million on my screen. That's the investment the homeowner LOST to the rencel while paying off his principal over 30 years.
(continued in next post)
"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
04-02-2022, 03:13 PM
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#110
- SoutheastBeast1
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Side note: I've totally ignored that you home owners also made a downpayment of 80k on the home. So if you want to really make it hurt go back and plug in 80 for the initial investment instead of 0... you spoiler alert, the 1.233 mil turns into 2.629 mil
BUT WAIT.. your home is an investment too... right? That's right... it IS an investment. And it's a whooping 4.5% return per year. So let's run your new home value.
You started at 400k, 4.5% over 30 years is now 1.498 mil. So you won the battle in the first calculation, but only barely, we're I was nice enough to completely ignore your 80k downpayment. But in real life, you do make that downpayment and it is 80k. So the rentcel actually ends up 1.1 million more off his investment than your new home value.
Remember you both paid "rent" along the way in these 30 years, so don't try to subtract out rent. We've already subtracted that out and 7.5k/yr was what was left for the rentcel to invest.
Now, you might be saying "but I own my home and no longer have rent beyond these 30 years". You are right. And I don't want to ignore that. So I won't.
Right now you have a home valued at 1.48 mil. The rentcel has no home, but 2.629 mil in investments. So how will we solve this? Obviously we have to make the rentcel purchase a home. So let's do that. And by golly it's need to be a home that's equivalent to the homeowner. But it's not as simple as a subtraction formula here. Because all of the 2.629 mil isn't the rentcels. There are capital gains and he will need to pay taxes. 400k of this is principal that isn't subjected to capital gains tax. That leaves us with 2.2 mil that is taxable.
These will surely be long-term capital gains, and our tax rate source here:
https://turbotax.intuit.com/tax-tips...-etc/L7KCu9etn
Tells me that our rentcel will lose 20% of that 2.2 mil. That's going to leave our rentcel with 1.76 mil plus the 400k principal, so in total walks away with 2.16 mil.
Now it's a matter of subtraction because our rentcel can simply pay his house off in full at the end of 30 years. And remember, lets make this even in house value, so he buys 1.48 mil house, just the same as our home owner. Now neither will be paying "rent" beyond that 30 year end date where the homeowner officially owns his home! Yay! Our two groups have finally collided.
BUT WAIT? WHO WON? Well let's check the scoreboard. After 30 years, our homeowner owns a home worth 1.48 mil. What a great investment made! Hang on though... our rentcel also has a 1.48 mil home after 30 years.... AND our rencel has leftover cash after his purchase of roughly 600k.
So is your house still an investment? Actually it looks like you passed on an additional 600k in reality. But all isn't lost. Because one thing we didn't factor in during all of this is the fact that you did get to live in a home for the past 30 years while the rentcel lived in what was likely a smaller domicile. And while you both had a roof over your head, there's certainly a quality of living piece that we can't measure in financial dollars.
At the end of the day, what happened here is the homeowner traded 600k for a better living space over 30 years, while the rentcel sacrificed a worse living space to accumulate an extra 600k. One is not winning over the other. It's matter of what you're willing to trade-off for how you want to live your life. So shut the f*ck up already.
What I can say, for those of you who think your house is an investment, is you're a f*cking idiot. That is not up for debate and is a fact. Your house is a mediocre investment. So if your goal is to invest, don't buy a house. If your goal is to live in a house, buy a house.
/thread
Also apologies for all of this going in multiple posts. Misc is sh*t and couldn't handle a long post I guess so I had to break it up.
BUT WAIT.. your home is an investment too... right? That's right... it IS an investment. And it's a whooping 4.5% return per year. So let's run your new home value.
You started at 400k, 4.5% over 30 years is now 1.498 mil. So you won the battle in the first calculation, but only barely, we're I was nice enough to completely ignore your 80k downpayment. But in real life, you do make that downpayment and it is 80k. So the rentcel actually ends up 1.1 million more off his investment than your new home value.
Remember you both paid "rent" along the way in these 30 years, so don't try to subtract out rent. We've already subtracted that out and 7.5k/yr was what was left for the rentcel to invest.
Now, you might be saying "but I own my home and no longer have rent beyond these 30 years". You are right. And I don't want to ignore that. So I won't.
Right now you have a home valued at 1.48 mil. The rentcel has no home, but 2.629 mil in investments. So how will we solve this? Obviously we have to make the rentcel purchase a home. So let's do that. And by golly it's need to be a home that's equivalent to the homeowner. But it's not as simple as a subtraction formula here. Because all of the 2.629 mil isn't the rentcels. There are capital gains and he will need to pay taxes. 400k of this is principal that isn't subjected to capital gains tax. That leaves us with 2.2 mil that is taxable.
These will surely be long-term capital gains, and our tax rate source here:
https://turbotax.intuit.com/tax-tips...-etc/L7KCu9etn
Tells me that our rentcel will lose 20% of that 2.2 mil. That's going to leave our rentcel with 1.76 mil plus the 400k principal, so in total walks away with 2.16 mil.
Now it's a matter of subtraction because our rentcel can simply pay his house off in full at the end of 30 years. And remember, lets make this even in house value, so he buys 1.48 mil house, just the same as our home owner. Now neither will be paying "rent" beyond that 30 year end date where the homeowner officially owns his home! Yay! Our two groups have finally collided.
BUT WAIT? WHO WON? Well let's check the scoreboard. After 30 years, our homeowner owns a home worth 1.48 mil. What a great investment made! Hang on though... our rentcel also has a 1.48 mil home after 30 years.... AND our rencel has leftover cash after his purchase of roughly 600k.
So is your house still an investment? Actually it looks like you passed on an additional 600k in reality. But all isn't lost. Because one thing we didn't factor in during all of this is the fact that you did get to live in a home for the past 30 years while the rentcel lived in what was likely a smaller domicile. And while you both had a roof over your head, there's certainly a quality of living piece that we can't measure in financial dollars.
At the end of the day, what happened here is the homeowner traded 600k for a better living space over 30 years, while the rentcel sacrificed a worse living space to accumulate an extra 600k. One is not winning over the other. It's matter of what you're willing to trade-off for how you want to live your life. So shut the f*ck up already.
What I can say, for those of you who think your house is an investment, is you're a f*cking idiot. That is not up for debate and is a fact. Your house is a mediocre investment. So if your goal is to invest, don't buy a house. If your goal is to live in a house, buy a house.
/thread
Also apologies for all of this going in multiple posts. Misc is sh*t and couldn't handle a long post I guess so I had to break it up.
"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
04-02-2022, 03:15 PM
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#111
- SoutheastBeast1
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Originally Posted By yeshli2nuts⏩
That's entirely different. They're renting that house out. They don't buy the house, live in it, and call it an investment. It's not shocking if you can't see the difference and still think you made a good investment by buying a house and living in it. You didn't. Look at the example above.Absolutely idiotic post. Many people do decide to buy that 500k house, those people are called landlords. This is exactly what Blackrock is doing because they know owning a house is an investment.
Now if you buy a house and rent it out, then yeah you get the appreciation plus the rent someone is paying you. No sh*t that's a good deal for BlackRock. How f*cking stupid are you exactly to think that's the same thing as the low level homeowners like yourself thinking you "invested" in the house you live in?
It's shocking how poor some of you are with simple financial management and lack the comprehension to actually execute an example that I laid out above to determine whether you've made a good investment or not.
You made a choice to live in a home. You didn't make an investment. It's not up for debate any more. Read the example, and if you want to challenge me and say you still made an investment, I suggest you counter with as thorough of an example that I laid out showing where you're coming out on top.
until anyone does that, piss off with this "its an investment" argument. Yeah I suppose it is... a poorer one.
"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
04-02-2022, 03:18 PM
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#112
- ChunkBuster
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- ChunkBuster
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Pay off your own mortgage or someone else. What a dumb question.
04-02-2022, 03:23 PM
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#113
- SoutheastBeast1
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Originally Posted By ChunkBuster⏩
You're late. I already showed how the rencel comes out on top financially with a house of equivalence after 30 years in the example in the few posts above. The only value the homeowner obtains as an advantage over the rencel was the 30 year period of living in a home vs. living in an apartment. That's not insignificant of course, but it's not a financial advantage.Pay off your own mortgage or someone else. What a dumb question.
Edit:
Actually I forgot something above that I want to correct now. That example has rent staying the same over the 30 year period at 18000k/yr. That's not realistic. Rent increases, on average, 4% per year according to this source:https://www.millionacres.com/real-es...increase-year/
So where I originally had our rentcel paying 540k in the example above he's actually paying close to 1 million in those 30 years when you factor a 4% rent increase each year. That's an extra 460k I didn't account for him losing.
But he still came out 600k on top, so 600k - 460k = 140k. The financial advantage for the rentcel ends up being a much smaller margin, but again strictly speaking financially, that is an advantage since he now also owns his 1.48 mil home and has 140k leftover in tax free assets while the homeowner simply has a home valued at 1.48 mil.
So the trade off is now the homeowner got to live in the home for those 30 years, while the rentcel lived in a smaller apartment for 30 years, but walked away with an extra 140k financially. I'd personally sacrifice the 140k for the home, so those of you thinking I'm attacking homeowners I'm not. I'm buying a house myself soon knowing all of this.
I'm literally here trying to educate you all but I know miscers hate it when they're wrong. You should all be making informed decisions and weighing the trade-offs in your choices. The house you bought isn't a financial advantage over the rentcel. So if that was your goal, you made a mistake I'm sorry to be the one to show you.
"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
04-02-2022, 03:28 PM
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#114
- Jasonw1178
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- Jasonw1178
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Originally Posted By N0stradamus⏩
All they do is copy/paste the same report they posed a few months back and change the dates a little. Everyone is dreaming of a 2008 like crash to the point that even if it did crash, people would run out to buy and would reverse the crash. The government won't let it happen so long as Biden or any of the "club" members are in office. The government will just print money and hand out stimuluses. Might give it to corporations to buy up the properties. End game, there will be no crash. Might be a increase in interest rates. We could have nuclear war and all non-radioacive homes that are left will be worth 10X their value.The Motley Fool: "4 Signs that a housing market crash is coming"
How strange that so many financial outlets are reporting about this all at once starting in March 2022....
https://www.fool.com/the-ascent/pers...ash-is-coming/
60% off, boyos, get your shekels ready....
How strange that so many financial outlets are reporting about this all at once starting in March 2022....
https://www.fool.com/the-ascent/pers...ash-is-coming/
60% off, boyos, get your shekels ready....
What's more than likely is that inflation is going to skyrocket so fast that not even the housing market can keep up.
04-02-2022, 03:43 PM
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#115
- tunafishha
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- tunafishha
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Status. Power.
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*Buy high, sell low*
04-02-2022, 03:55 PM
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#116
- Kev1972
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- Kev1972
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Originally Posted By SoutheastBeast1⏩
You're literally an idiot.You're late. I already showed how the rencel comes out on top financially with a house of equivalence after 30 years in the example in the few posts above. The only value the homeowner obtains as an advantage over the rencel was the 30 year period of living in a home vs. living in an apartment. That's not insignificant of course, but it's not a financial advantage.
Edit:
Actually I forgot something above that I want to correct now. That example has rent staying the same over the 30 year period at 18000k/yr. That's not realistic. Rent increases, on average, 4% per year according to this source:https://www.millionacres.com/real-es...increase-year/
So where I originally had our rentcel paying 540k in the example above he's actually paying close to 1 million in those 30 years when you factor a 4% rent increase each year. That's an extra 460k I didn't account for him losing.
But he still came out 600k on top, so 600k - 460k = 140k. The financial advantage for the rentcel ends up being a much smaller margin, but again strictly speaking financially, that is an advantage since he now also owns his 1.48 mil home and has 140k leftover in tax free assets while the homeowner simply has a home valued at 1.48 mil.
So the trade off is now the homeowner got to live in the home for those 30 years, while the rentcel lived in a smaller apartment for 30 years, but walked away with an extra 140k financially. I'd personally sacrifice the 140k for the home, so those of you thinking I'm attacking homeowners I'm not. I'm buying a house myself soon knowing all of this.
I'm literally here trying to educate you all but I know miscers hate it when they're wrong. You should all be making informed decisions and weighing the trade-offs in your choices. The house you bought isn't a financial advantage over the rentcel. So if that was your goal, you made a mistake I'm sorry to be the one to show you.
Edit:
Actually I forgot something above that I want to correct now. That example has rent staying the same over the 30 year period at 18000k/yr. That's not realistic. Rent increases, on average, 4% per year according to this source:https://www.millionacres.com/real-es...increase-year/
So where I originally had our rentcel paying 540k in the example above he's actually paying close to 1 million in those 30 years when you factor a 4% rent increase each year. That's an extra 460k I didn't account for him losing.
But he still came out 600k on top, so 600k - 460k = 140k. The financial advantage for the rentcel ends up being a much smaller margin, but again strictly speaking financially, that is an advantage since he now also owns his 1.48 mil home and has 140k leftover in tax free assets while the homeowner simply has a home valued at 1.48 mil.
So the trade off is now the homeowner got to live in the home for those 30 years, while the rentcel lived in a smaller apartment for 30 years, but walked away with an extra 140k financially. I'd personally sacrifice the 140k for the home, so those of you thinking I'm attacking homeowners I'm not. I'm buying a house myself soon knowing all of this.
I'm literally here trying to educate you all but I know miscers hate it when they're wrong. You should all be making informed decisions and weighing the trade-offs in your choices. The house you bought isn't a financial advantage over the rentcel. So if that was your goal, you made a mistake I'm sorry to be the one to show you.
Rent is DOUBLE what you're going to pay for a mortgage just starting out the gate. Go try to rent a 400k house and see how much it's going to cost you the first year. More like 30k. And those rents are going to balloon much faster than the mortgage that stays the same.
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04-02-2022, 03:59 PM
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#117
- SoutheastBeast1
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Originally Posted By Kev1972⏩
I'm not an idiot.You're literally an idiot.
Rent is DOUBLE what you're going to pay for a mortgage just starting out the gate. Go try to rent a 400k house and see how much it's going to cost you the first year. More like 30k. And those rents are going to balloon much faster than the mortgage that stays the same.
Rent is DOUBLE what you're going to pay for a mortgage just starting out the gate. Go try to rent a 400k house and see how much it's going to cost you the first year. More like 30k. And those rents are going to balloon much faster than the mortgage that stays the same.
I ran numbers based off valid sources and used calculations and formulas to show the rencel comes out on top financially. What have you done? Ignored it and called me an idiot? Yeah that's actually called you losing an argument BAD.
Keep coping Kev.
Or if you want to stop coping, feel free to run back an example and show me how much you've financially earned over the rentcel. It better be solid though because if you try to fake it with the numbers I'm gonna check your ass hard. That I can promise.
In b4 I don't have time for that. No you just have time to post your opinion on the topic and call me an idiot in this thread all day long. But no time to actually post something with any effort to validate your opinion in any way. Of course there's no time for that.
"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
04-02-2022, 04:10 PM
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#118
04-02-2022, 04:22 PM
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#119
- r32gojirra
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- r32gojirra
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Originally Posted By meanstringbean⏩
LmaoOnly plebes view homes as an investment lmao it’s an awful one if so
04-02-2022, 04:25 PM
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#120
- DustinTheHuss
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- DustinTheHuss
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Originally Posted By meanstringbean⏩
Did you read my post? We purchased our home at $400K 20 years ago and now it's worth $2 million, plus the tax write-offs.Only plebes view homes as an investment lmao it’s an awful one if so
We are literally standing on gold. This may help me retire early, or just get a part-time job since I'm 50. I hope to take the money, move to a less expensive area, and retire in 5 years.
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