Your comparison is sh*t then. You still pay about the same per month as someone who is renting. So you'd still have literally the same purchasing power. It would only come out in your favor 30 years later once you own the asset and the rentcel had nothing. But for those 30 years you'd have lower class purchasing power right alongside the other dude.

This is the problem with mortgagecel ph aggots like you. You've truly convinced yourself you're in a better place at this very moment compared to the other dude in your scenario. You really aren't. Not at this moment. You've made a decision to be in a better place 30 years from now.

Think of it as an unrealized capital gain in the stock market (except worse because you have to legit wait the 30 years and can't liquidate it whenever you want). That money isn't yours though. You talk about "muh house was bought for 300k is now a million". Bro do you have a million dollars in your hand right now so you can take a nicer vacation? Buy a more expensive car? Pay your kids tuition without worry? The f*ck you do. It's all tied in your house that you're still making payments on.

What a joke. People like you are truly out of touch with reality when they talk about homeownership.

You've set yourself up for a better future. No question there. But right here and now today.. no... you're equivalent to the rentcel paying that exact same amount each month.

4ea we been here 15 years, you know i dont disclose data than can easily track back to me with a quick google search on tech blogs / magazines.

how would it even contribute to the thread?

you do realize that as you pay off your mortgage your net equity goes up, as does the value of your home.

bottom line is that if you can afford to buy property you should asap, it is the only way to achieve financial stability.



how exactly would someone be able to track a ROM yearly income back to you?

In my medium cost of living metro, in my neighborhood, a typical home sold for 300-400k about 5 years ago. Now its about a million dollars

Also there’s not even remotely any truth to this.

Homes sold for $300k 5 years ago are not 1 million dollars now.

You want to know how I know? I’m actually in the market for a home around 1 million. So I’ve been looking at these prices for awhile. Typically what you’ll see in the pricing history is a million dollar home was sold for $500-600k in the early to mid 2000’s. So 15-20 years ago the bulk of these million dollar homes cost double what you seem to think they cost 5 years ago.

I really don’t know why so many miscers have to come in here telling blatant lies 24/7. You’re part of the problem why this forum isn’t as great as it used to be.

Lmao at a 300k house 5 years ago selling for 1 million now. I don’t know what ****ing world you live in buddy but 99.99% of homes costing 300k 5 years ago aren’t selling for a million today. Don’t even bother posting some exception to the rule here. Like I said, I’ve been monitoring million dollar homes for awhile now and virtually none of their pricing history had them selling for 300k in 2017.

Dumbass

Your comparison is sh*t then. You still pay about the same per month as someone who is renting. So you'd still have literally the same purchasing power. It would only come out in your favor 30 years later once you own the asset and the rentcel had nothing. But for those 30 years you'd have lower class purchasing power right alongside the other dude.

This is the problem with mortgagecel ph aggots like you. You've truly convinced yourself you're in a better place at this very moment compared to the other dude in your scenario. You really aren't. Not at this moment. You've made a decision to be in a better place 30 years from now.

Think of it as an unrealized capital gain in the stock market (except worse because you have to legit wait the 30 years and can't liquidate it whenever you want). That money isn't yours though. You talk about "muh house was bought for 300k is now a million". Bro do you have a million dollars in your hand right now so you can take a nicer vacation? Buy a more expensive car? Pay your kids tuition without worry? The f*ck you do. It's all tied in your house that you're still making payments on.

What a joke. People like you are truly out of touch with reality when they talk about homeownership.

You've set yourself up for a better future. No question there. But right here and now today.. no... you're equivalent to the rentcel paying that exact same amount each month.

I do agree with this. There simply aren't as many resources available for everyone. That's why I've been saying for years we need to implement population control. Just because we can fit more people on this earth doesn't make it ok. The quality of living is inversely related to population growth at this point. The more we add, the worse it will get.

Sure there was a time when the world needed more humans to improve quality of living. That threshold was passed so long ago. It's too bad people will never wake up this to make the tough decision because "passing on muh genetics" is so important to everyone. Most of you are scum. Your genetics aren't worth more than a sack of flaming dogsh*t. Why not contribute something more by abstaining from adding to the population for f*cks sake?

Depends heavily where you live.

Houston/Dallas you can get a nice 4 bedroom house for $300k = $2k/month including property taxes. Definitley don't need to make $200k for a good lifestyle there.

Americans are lucky compared to Canadian/Australians. There are still affordable medium to large size metros to choose from.

Your comparison is sh*t then. You still pay about the same per month as someone who is renting. So you'd still have literally the same purchasing power. It would only come out in your favor 30 years later once you own the asset and the rentcel had nothing. But for those 30 years you'd have lower class purchasing power right alongside the other dude.

This is the problem with mortgagecel ph aggots like you. You've truly convinced yourself you're in a better place at this very moment compared to the other dude in your scenario. You really aren't. Not at this moment. You've made a decision to be in a better place 30 years from now.

Think of it as an unrealized capital gain in the stock market (except worse because you have to legit wait the 30 years and can't liquidate it whenever you want). That money isn't yours though. You talk about "muh house was bought for 300k is now a million". Bro do you have a million dollars in your hand right now so you can take a nicer vacation? Buy a more expensive car? Pay your kids tuition without worry? The f*ck you do. It's all tied in your house that you're still making payments on.

What a joke. People like you are truly out of touch with reality when they talk about homeownership.

You've set yourself up for a better future. No question there. But right here and now today.. no... you're equivalent to the rentcel paying that exact same amount each month.

This is objectively false. $200K puts you in the top 5% of income easily, especially if we're talking individuals. $200K isn't middle class - it's probably at least lower upper class.

u fuked that guy up