Rent a place cheaper than owning a home

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


Invest the difference

Congrats you win

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.

Yeah but the misc isn’t in here bragging how much they contribute/max out their 401k

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.

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 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.

This is true.....only if you are comparing apples to apples places of living. I think the OP's position is to not live in a bigger, nicer place but to put that money towards "investments" outside of your primary residence.

Right. To sum up all of OP's posts, his position is this:

- Owning a house is a bad investment because it is financially wiser to rent a chithole apartment and live in squalor, and use the money saved to put into better investments.

The funny thing is, his logic is so damn flawed because even if you are ok living in that chithole apartment, it will be a better financial move to buy it rather than rent it.

The ONLY thing OP has argued for is the sentiment that it is better to rent a chitty apartment than own a large house. What. An. Idiot.

Search my post history, I did a detailed comparison ( more detailed than yours ) a few years back.

Renters came up behind. You're forgetting a very important piece of the puzzle - time.

And no one, and I do mean no one, invests the difference they save when renting.

It’s only tax free profit to a certain point

If you’ve 6x your wealth from owning a home alone I got some bad news, you likely will owe a decent chunk of taxes

https://www.investopedia.com/ask/ans...inhomesale.asp

Home ownership is probably ok but seems like a lot of commitment. Not to mention anything that goes wrong with the place, you have to fix it yourself or get it fixed. I’m a minimalist and rental is very easy to manage, no strings attached. With that said I’ll probably buy a house either later this year or next year.

For some strange reason people rent a place and never comprehend that paying someone for maintenance & upkeep, property taxes and insurance is included in what they pay.

I'll never fully understand why renters think their landlord is taking a L paying for all of that + the mortgage on the property.

I roll a hybrid scenario that works for me. I buy a property......improve on it while I live in it. After X number of years I move to another property and rent out the property I was living in. That way every house I buy is always seen at the end state as a money generating/appreciating asset. Its calculated like that at the point of purchase.....but I live in said house.

I always use the rule of buy a lot in the best neighborhood you can afford with the crappiest house on that lot. Has worked out pretty well for me over the years.

So you rent out $1mill houses? How do those numbers work. Usually for nice luxury homes, it doesnt make since to rent them out.

75 acres
Self-sustaining farm
No neighbors a half mile in each direction.
Grow about 60% of my food
Can shoot on my own property
Privacy
Chickens ( I eat alot of eggs. I saw organic $7+ at local store)
Plenty of room if want to subdivide and sell some.

The list of pluses is endless.


Only plus to renting, which I did plenty of when younger, was landlord is responsible for when things go bad.
And that's not a sure thing is you get one whos a chithead. Actually had a landlord tell me once after the fridge died, that a refrigerator was a luxury and I needed to replace it myself.
I rented for a year when I was building my house and had nothing but problems. Busybodies,nosy, fukin rude, bitched about everything ( " He's getting the parking lot dirty".... because I was coming back from new construction everyday and had mud on my tires).

Besides that brief time mentioned, I haven't rented in almost 20 years and don't miss it. I wouldn't go back to it unless for health reasons, I could no longer keep up my property.
Especially as people have gotten worse and dont know how to behave, are ruder and cant mind their own business.