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Forum » Why do some of you think it’s so important to own a house?
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Thread: Why do some of you think it’s so important to own a house?

post 1659009533 04-02-2022, 04:28 PM
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I not give fk about home ownership at this moment. I stay mobile and invest in stocks. Going to be buying more wristwatches soon
post 1659009623 04-02-2022, 04:29 PM
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Originally Posted By SoutheastBeast1⏩
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
The 4.5 per cent increase in value is on the stock of housing as a whole

Each year thousands of new houses are added to the total stock of houses and make up the bulk of transactions, dragging down the average price. Smaller lots on the edge of town (urban sprawl)

Except people don’t invest in the total stock of housing

They buy one house and resell it, rent it, or split it into lots and develop it.

In this case, the increase in the stock of housing is irrelevant to the increase of any individual house owned.
post 1659009793 04-02-2022, 04:34 PM
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Dude it's impossible to follow that spewing in those walls of text. Give us basic cliffs in how you think a rentcell will have more money than a homeowner after 30 years.
Never neg first but always neg back crew
post 1659010333 04-02-2022, 04:48 PM
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Originally Posted By r32gojirra⏩
The 4.5 per cent increase in value is on the stock of housing as a whole

Each year thousands of new houses are added to the total stock of houses and make up the bulk of transactions, dragging down the average price. Smaller lots on the edge of town (urban sprawl)

Except people don’t invest in the total stock of housing

They buy one house and resell it, rent it, or split it into lots and develop it.

In this case, the increase in the stock of housing is irrelevant to the increase of any individual house owned.
Then what's your number? What would a house in 1991 have appreciated to today? I'd like a source and not your best guess. Clearly you know enough about the impact these new housing developments have to drag the average down. I'd like to give you the benefit of the doubt that this isn't you just taking a wild guess that it has a signficant impact like you say which means you should also have something grounded in your estimate for what a house in 1991 would appreciate to by 2021

Please don't give me an example of one house going up over those 30 years either. That's the equivalent of me picking out Tesla and saying "look how much it went up in 5 years"!

So on average, what number are you giving housing appreciation per year if it's not 4.5% (with a source please)?

If you can't produce a number then you have no clue or any basis to argue against 4.5% other than you just don't "think" that's enough which means jack sh*t in any real debate. No one gives a f*ck what you think. Show me what you can prove or don't bother responding to me again.
"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
post 1659010623 04-02-2022, 04:56 PM
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Originally Posted By SoutheastBeast1⏩
Then what's your number? What would a house in 1991 have appreciated to today? I'd like a source and not your best guess. Clearly you know enough about the impact these new housing developments have to drag the average down. I'd like to give you the benefit of the doubt that this isn't you just taking a wild guess that it has a signficant impact like you say which means you should also have something grounded in your estimate for what a house in 1991 would appreciate to by 2021

Please don't give me an example of one house going up over those 30 years either. That's the equivalent of me picking out Tesla and saying "look how much it went up in 5 years"!

So on average, what number are you giving housing appreciation per year if it's not 4.5% (with a source please)?

If you can't produce a number then you have no clue or any basis to argue against 4.5% other than you just don't "think" that's enough which means jack sh*t in any real debate. No one gives a f*ck what you think. Show me what you can prove or don't bother responding to me again.
Here’s a number - the after-tax profit (net of all costs, commissions etc) at the end of the 2021 financial year. That’s from one year of profits in the real estate market.

Gonna do similar again this year.

Cheers.

post 1659011273 04-02-2022, 05:09 PM
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#126
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[QUOTE=r32gojirra post_id=1659010623]Here’s a number - the after-tax profit (net of all costs, commissions etc) at the end of the 2021 financial year. That’s from one year of profits in the real estate market.

Gonna do similar again this year.

Cheers.

[img]https://imagecdn.bodybuilding.com/gallery-photo/29855246/19be35bff5d54c3a8184babb2559810c-610xh.jpg[img][/QUOTE]
So in other words you couldn't do it. You couldn't give a number. I can give more numbers though to debunk your claim that new housing developments are dragging down appreciation value. Rocket mortgage did a research study:

[URL=https://www.rockethomes.com/blog/housing-market/home-value-appreciation]https://www.rockethomes.com/blog/hou...e-appreciation[/URL]

Purpose of this study was around homeowner expectations and how those who owned their homes longer underestimated how much their home is worth, but there's enough here that we can use it to support that home appreciate close to 4.5%/year

If you look at the group owning a home for 7-10 years, the research showed these owners estimated 33% appreciation when in reality it was 46%. 46/10 = 4.6%. So pretty close to my 4.5%. And you'll get variance with smaller sample sizes.


And these are actual homeowners with actual homes. Not new homes skewing the data. It was estimates of their own homes vs. actual value of their home.



I'm guessing you're a new home owner r32gojirra. This research actually highlights your ignorance as well. Those who purchased a home less than 1 year ago overestimated their appreciation by 150%, those owned for 1-2 years over estimated by 19%, and those owning 3-6 years overestimated 30%

How long have you owned your home? You won't be truthful because I can already tell from your hostile response above being hit with facts isn't your cup of tea, but we all know you haven't owned longer than 6 years and you're in one of these groups that research has shown has a tendency to overestimate the appreciation of their home.

This research was done in 2022 by the way, so not even outdated. TheMoreYouKnow.jpg


Thanks for playing though and coming at me with some random number of your net worth which isn't the discussion in any way.
"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
post 1659011313 04-02-2022, 05:11 PM
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Originally Posted By SoutheastBeast1⏩
Thanks for playing though and coming at me with some random number of your net worth which isn't the discussion in any way.
Not net worth.

One yearof profit. Net of all tax and expenses.

Feel free to keep coping though.

EDIT: LMFAO at your butthurt neg you insect
post 1659011533 04-02-2022, 05:17 PM
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Maybe owning a home isn't a great investment but not owning a home and renting is a financial mistake. My uncle used to argue that for him to own a home with more maintenance and the cost of a mortgage was more than his rent. He rented that apartment for almost 25 years. Apartment complex name changed 3 times while he lived there. NGL my uncle was pretty sloppy so they evicted him after 25 years and then when he left he left with nothing but a bill where they tried to charge him to remodel the whole apartment because it was still in it's early 80's configuration.
Originally Posted By yeshli2nuts⏩
Dude it's impossible to follow that spewing in those walls of text. Give us basic cliffs in how you think a rentcell will have more money than a homeowner after 30 years.
The only way they can do this is if they put in biased information such as if the renter rents a room from someone for a fraction of what a mortgage is but if you say "a homeowner can just rent rooms out of his home to the point of profiting after paying the mortgage.
post 1659011833 04-02-2022, 05:23 PM
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Originally Posted By GainzMcgee⏩
if you live in an HOA or dont pay your property taxes see how quickly that house is actually "yours"
This is the kind of cope I come here for lol

Public school education system of prosperity
post 1659012693 04-02-2022, 05:45 PM
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Originally Posted By SoutheastBeast1⏩
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
Um, yes? Why wouldn’t I put $500k into another property/multiple properties?
post 1659012993 04-02-2022, 05:51 PM
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Holy **** OPs posts are so moronic and off base I don’t even know where to start lmao
post 1659013183 04-02-2022, 05:57 PM
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Originally Posted By BigDeeps01⏩
Um, yes? Why wouldn’t I put $500k into another property/multiple properties?
Because he's making his own arbitrary rules like "in my hypothetical scenario you're not allowed to rent out your house".

Lol. That's like saying owning a business is a bad investment because the rules in my hypothetical scenario is that you're not allowed to use that business to make money. Then owning a business is just a waste of time and money. Idiot.
Never neg first but always neg back crew
post 1659013303 04-02-2022, 05:59 PM
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Originally Posted By yeshli2nuts⏩
Because he's making his own arbitrary rules like "in my hypothetical scenario you're not allowed to rent out your house".

Lol. That's like saying owning a business is a bad investment because the rules in my hypothetical scenario is that you're not allowed to use that business to make money. Then owning a business is just a waste of time and money. Idiot.
So ridiculous

“Haha you mortgagecels are paying PITI, Property management, maintenance, vacancy and capex! Surely me as a rentcel isn’t covering that for you in addition to $500 extra to make sure you make a profit, all while your mortgage gets paid down and You get the appreciation! Checkmate homeownercel!!”

Lmao
post 1659014243 04-02-2022, 06:26 PM
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Originally Posted By Kev1972⏩
Rentcel cope

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.
Keep telling yourself that lmao
post 1659014403 04-02-2022, 06:30 PM
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Originally Posted By r32gojirra⏩
Not net worth.

One yearof profit. Net of all tax and expenses.

Feel free to keep coping though.

EDIT: LMFAO at your butthurt neg you insect
Net worth or one year profit. Who cares? None of that changes your inability to support your argument. Imagine thinking flashing your one year profit owns me in some way. All it does is confirms you're a tool who can't handle when he's outsmarted.

I honestly was very open to your counter argument when I first quoted. And you failed epically. You actually had a chance for an intelligent discussion but weren't man enough to step up to the plate. Imagine being outsmarted by an insect.
"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
post 1659014513 04-02-2022, 06:34 PM
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Originally Posted By yeshli2nuts⏩
Dude it's impossible to follow that spewing in those walls of text. Give us basic cliffs in how you think a rentcell will have more money than a homeowner after 30 years.
Rent a place cheaper than owning a home

Don’t pay for maintenance, repairs, landscaping, improvements


Invest the difference

Congrats you win
post 1659014573 04-02-2022, 06:35 PM
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#137
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Originally Posted By BigDeeps01⏩
Holy **** OPs posts are so moronic and off base I don’t even know where to start lmao
Why don't you try? I'll give you the same courtesy as r32gojirra. Let's see if you can actually step up.

In b4 you don't have time to show me (with facts not your opinion, same ask that I gave to r32gojirra) where I'm moronic and off base. In b4 you don't have time (but you do have time to make multiple posts above about how awesome your knowledge is on the subject and how moronic OP is).

Here we go, another challenger. Let's see what happens guys. So far homeowners are 0/1 to back up their claims.
"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
post 1659014723 04-02-2022, 06:41 PM
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#138
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Originally Posted By DrugsToGetBig⏩
because its your own ****ing house dude

what kind of ****ing rentcel cope is this?
Lol this
post 1659014773 04-02-2022, 06:42 PM
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Originally Posted By meanstringbean⏩
Rent a place cheaper than owning a home

Don’t pay for maintenance, repairs, landscaping, improvements


Invest the difference

Congrats you win
Ok so you're comparing renting a small apartment to owning a large house. Nice apples to oranges.

I'd really really really love OP to answer this question. Assuming same living conditions in same location, please tell me how you come out ahead in the long run renting vs owning. I'd love for him to prove me wrong but I already know he can't.
Never neg first but always neg back crew
post 1659014813 04-02-2022, 06:43 PM
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I want to go to the store later, thinking about renting a car.
post 1659014963 04-02-2022, 06:47 PM
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Originally Posted By yeshli2nuts⏩
Because he's making his own arbitrary rules like "in my hypothetical scenario you're not allowed to rent out your house".

Lol. That's like saying owning a business is a bad investment because the rules in my hypothetical scenario is that you're not allowed to use that business to make money. Then owning a business is just a waste of time and money. Idiot.
Where did I say once that renting out the property is a bad investment? The entire premise oft he example is that homeowners who say their house that they are living in is an investment simply because it appreciates is flawed thinking.

You don't even understand the argument and I'm the stupid one? That's rich.



You're talking about an entirely different scenario where the purchase of the property is being used to rent out to someone else to live in it. I've never once said that wouldn't result in higher financial gain. Quote me where I say that please. Buying a house and living in it isn't an investment is the only thing I've said in this thread.

So now ITT we have people like r32gojirra who get wrecked so hard they start trying to derail the conversation with their net worth (I'm sorry.. 1 year profit...) and we have people like yeshli2nuts who can't even follow the discussion well enough to understand the argument, trying to bring in extraneous factors that were never in question to argue something no one is arguing.

Let me spell it out to you more clearly...

How many misc homeowners do you actually think are renting their house out? So why do THOSE miscers think their house is a good investment? It's not. That's what the example is referencing. The rules weren't arbitrary in the slightest. You just can't follow the conversation, and actually are the one trying to add in extraneous factors like becoming a landlord.
"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
post 1659015193 04-02-2022, 06:53 PM
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Originally Posted By yeshli2nuts⏩
Ok so you're comparing renting a small apartment to owning a large house. Nice apples to oranges.

I'd really really really love OP to answer this question.Assuming same living conditions in same location, please tell me how you come out ahead in the long run renting vs owning. I'd love for him to prove me wrong but I already know he can't.
I actually did acknowledge this but you are too stupid to follow along. Go look for the post where I talk about the median cost of a home is 350k (my example used 400k so slightly higher than median cost) and the median cost of renting is 1100/mo (I used 1500/mo, which actually tilts the costs higher for my rentcel relative to the median cost than it did for the homeowner... and my rentcel still came out on top).

If you want me to start approximating what it would cost to rent a home valued at 400k that doesn't even make sense. Of course that will cost more. I already acknowledged at the end of the example it comes down to what your goal is. Is it to live with more open space or is it to invest? If it's to invest then you're better off paying the median rent cost and investing the money not put toward the median cost of a house. That is an apples to apples comparison. You don't buy a house to invest if you're planning on living in it, you buy the house to live in it and the benefits that come with being in a home. You don't end up financially better off though.

If you actually read the example you would have seen that in the conclusion. I state it plainly. So this is me saying it again to you. Will you actually read this time or will you respond with some off the wall sh*t about being a landlord renting out the house again.
"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
post 1659015223 04-02-2022, 06:53 PM
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Originally Posted By SoutheastBeast1⏩
Where did I say once that renting out the property is a bad investment? The entire premise oft he example is that homeowners who say their house that they are living in is an investment simply because it appreciates is flawed thinking.

You don't even understand the argument and I'm the stupid one? That's rich.



You're talking about an entirely different scenario where the purchase of the property is being used to rent out to someone else to live in it. I've never once said that wouldn't result in higher financial gain. Quote me where I say that please. Buying a house and living in it isn't an investment is the only thing I've said in this thread.

So now ITT we have people like r32gojirra who get wrecked so hard they start trying to derail the conversation with their net worth (I'm sorry.. 1 year profit...) and we have people like yeshli2nuts who can't even follow the discussion well enough to understand the argument, trying to bring in extraneous factors that were never in question to argue something no one is arguing.

Let me spell it out to you more clearly...

How many misc homeowners do you actually think are renting their house out? So why do THOSE miscers think their house is a good investment? It's not. That's what the example is referencing. The rules weren't arbitrary in the slightest. You just can't follow the conversation, and actually are the one trying to add in extraneous factors like becoming a landlord.
Ok fair enough, it's aninvestmentin the sense that it's a better financial move than renting (assuming you live in that place long term). Prove that wrong.
Never neg first but always neg back crew
post 1659015523 04-02-2022, 07:00 PM
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Originally Posted By SoutheastBeast1⏩
I actually did acknowledge this but you are too stupid to follow along. Go look for the post where I talk about the median cost of a home is 350k (my example used 400k so slightly higher than median cost) and the median cost of renting is 1100/mo (I used 1500/mo, which actually tilts the costs higher for my rentcel relative to the median cost than it did for the homeowner... and my rentcel still came out on top).

If you want me to start approximating what it would cost to rent a home valued at 400k that doesn't even make sense. Of course that will cost more. I already acknowledged at the end of the example it comes down to what your goal is. Is it to live with more open space or is it to invest? If it's to invest then you're better off paying the median rent cost and investing the money not put toward the median cost of a house. That is an apples to apples comparison. You don't buy a house to invest if you're planning on living in it, you buy the house to live in it and the benefits that come with being in a home. You don't end up financially better off though.

If you actually read the example you would have seen that in the conclusion. I state it plainly. So this is me saying it again to you. Will you actually read this time or will you respond with some off the wall sh*t about being a landlord renting out the house again.
Ok so you're not comparing apples to apples. A 1,500/mo rent will not get you the same as a 350k house. All the rest is moot since you're comparing two totally different things.
Never neg first but always neg back crew
post 1659016573 04-02-2022, 07:22 PM
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Originally Posted By yeshli2nuts⏩
Ok so you're not comparing apples to apples. A 1,500/mo rent will not get you the same as a 350k house. All the rest is moot since you're comparing two totally different things.
Exactly. In my area $1800 gets you a nice 2 bed 2 bath apartment with outdoor parking, 1,100 sq ft, not bad. But for $1,800 mortgage You get a 3 bed 2 bath, 1,600 sq ft, full walk out basement, 2 car garage AND no neighbors above, below, to the side of you. This is a brand new house in a new neighborhood.

Also, financed with 3.5% down ($12,000) and 2.5% interest LOL, my mortgage is literally negative when accounting for inflation.

Edit: House has also gone up $60k since when I bought in late 2020.
post 1659016833 04-02-2022, 07:28 PM
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#146
  1. Jasonw1178
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Originally Posted By SoutheastBeast1⏩
I actually did acknowledge this but you are too stupid to follow along. Go look for the post where I talk about the median cost of a home is 350k (my example used 400k so slightly higher than median cost) and the median cost of renting is 1100/mo (I used 1500/mo, which actually tilts the costs higher for my rentcel relative to the median cost than it did for the homeowner... and my rentcel still came out on top).

If you want me to start approximating what it would cost to rent a home valued at 400k that doesn't even make sense. Of course that will cost more. I already acknowledged at the end of the example it comes down to what your goal is. Is it to live with more open space or is it to invest? If it's to invest then you're better off paying the median rent cost and investing the money not put toward the median cost of a house. That is an apples to apples comparison. You don't buy a house to invest if you're planning on living in it, you buy the house to live in it and the benefits that come with being in a home. You don't end up financially better off though.

If you actually read the example you would have seen that in the conclusion. I state it plainly. So this is me saying it again to you. Will you actually read this time or will you respond with some off the wall sh*t about being a landlord renting out the house again.
No you didn't. Moving numbers around about "median". No, that isn't the same because the average homeowner is much poorer than the average homeowner (for a number of reasons) so of course the median apartment is a less expensive. With that argument I'll just live in my car or under a bridge and come out richer than any of those people. So lets mix that around a little so two people living the same basic lifestyle. You can buy a condo which is basically an apartment you own even in this market for under $200K in the atlanta area. This one you'll mortgage will be 1200'mo and about $260/mo HOA fees, so about 1500-1600/mo which in that area is cheaper than rent around there. Now what? If you had bought this one a couple years ago it was going for under 100K.

https://www.zillow.com/homedetails/5...35811878_zpid/

Oh and fuk renting, especially an apartment. Dealing with apartment BS. Rentcel neighbor trash. All the rules. Them coming in your residence every couple weeks either for an experiminator or HVAC or other maintenance. They can make decisions about your life and nothing you can do about it. Rental property management admins tend to be trash as well. It's like dealing with HR except they can make your life hell if they want and they know it. Yeah, just live in chit your whole life investing and saving so you can live in luxury the last 10% thinking about how much life you didn't live and those things don't matter much to you. There needs to be balance.
post 1659017403 04-02-2022, 07:39 PM
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#147
  1. Ratfish
  1. Ratfish
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imagine rentceling

fuark
Make Europe Germany Again
post 1659019713 04-02-2022, 08:33 PM
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#148
  1. r32gojirra
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  1. r32gojirra
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Originally Posted By SoutheastBeast1⏩
Net worth or one year profit. Who cares? None of that changes your inability to support your argument. Imagine thinking flashing your one year profit owns me in some way. All it does is confirms you're a tool who can't handle when he's outsmarted.

I honestly was very open to your counter argument when I first quoted. And you failed epically. You actually had a chance for an intelligent discussion but weren't man enough to step up to the plate. Imagine being outsmarted by an insect.
Lol stay mad
post 1659019753 04-02-2022, 08:34 PM
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#149
  1. SipNPiz
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  1. SipNPiz
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fastest way to build wealth in murica
have to live somewhere
the cost is subsidized by the government

no brainer if you know you are going to live in a place for two years or longer
STEM Wagie Brah
Oil/commodity based trader
post 1659019813 04-02-2022, 08:35 PM
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#150
  1. ApeMode666
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https://www.youtube.com/watch?v=q9Golcxjpi8

pretty logical explanation for smol smooth brain

you reap what you sow

you never own anything in life, only your experiences. either get living or keep on consumin'
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