Mortgagecucks - answer me this - Page 4 - Obnoxiousbrutes.com Forums

08-18-2022, 07:59 PM

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#91

iamdetermined

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I'll never understand how people who are renting and paying someone else's mortgage come here to brag about it. How can your understanding of personal finance be so ass backwards?

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08-18-2022, 08:00 PM

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#92

pondus_levo
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Originally Posted By sf813⏩

I rent but purposely live on month-to-month flexibility terms which means I can leave my place with one month notice at any time. I also have large emergency savings that'll last me years so I give zero fuks about my job and whether I lose it or not so I feel a lot of freedom. I have zero fear about going jobless as I have no mortgage payments hanging over my head and not stuck with it.

You have a 30 year mortgage that you're stuck with and I bet you sweat bullets every day to keep performing at your job and stay wagecucking

My mortgage payment is probably less than you pay rent, and I get to write off the interest. I will pay the same every month for 30 years and then it will be nothing, while your rent will continually go up. And what makes you think ownercels don't have savings and other investements in case of emergency? How much return are you making on your savings account?

Food for thought, rentcuck.

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08-18-2022, 08:04 PM

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#93

Masterchieffer
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“Yeah but landlords still have to pay taxes”

08-18-2022, 08:13 PM

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#94

iwant2beswole
ayyyy lmao

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15 year mortgage crew

aggressively paid off early crew

inb4 lol @ not riding out the low interest rate and putting extra money towards investments instead of principal

watchout your comments boyo ↓

08-18-2022, 08:34 PM

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#95

NuggzTheNinja
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You're flexing over being beholden to a landlord who can increase your rent whenever he wants?

BRB, fixed rate low interest (sub 3%) mortgage, basically being paid to live here.
BRB, building capital in home and property.
BRB, no HOA, I can do whatever the **** I want.
BRB, my mortgage costs less than my rent did.

Originally Posted By Numba1Misker⏩

theres rent control here and it only goes up 1.5-2% a year

and they put a freeze on rent increase for last 2 years due to covid, LOL

then the non eviction too. lots of ppl not paying rent meanwhile that mortgage is still due otherwise you lose the house!

imagine getting bankrupted due to guvment mandates who are run by the banks, JUAST LOL

I don't know how more landlords didn't just pay some goons to throw these deadbeats out on the street. Seriously, give them the choice to walk out the front door or get thrown out the window.

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08-18-2022, 08:35 PM

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#96

induced_drag
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Been a land lord for past decade plus. All properties owned with no mortgages. I do my own property management. Rents are nice. I bring in enough rents to cover our basic living expenses. But the best thing is to see the impact of increasing property values and 'make' over 7 figures in rising property values. Sure, my taxes have gone up, but so have rents.

Once you couple in your tax strategy and depreciation, real estate is a great way to build wealth. It is not sexy or instant, but worth doing.

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08-18-2022, 08:50 PM

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#97

r32gojirra
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Originally Posted By shreddedloser⏩

OK, aware me then since your so knowledgable about economics.

Still waiting for your explanation of how interest rates affect me

08-18-2022, 08:53 PM

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#98

Dreyth

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Misc is obsessed with the false dichotomy of rentcel vs mortgagecel

If youreallywant to rile up the mortgagecels, introduce to them the third option. The masterrace.

The ownercel

Brb owning home
Brb dont have dark cloud of half $million debt looming over my head
Brb dont lose home if i miss a few payments
Brb wish i owned a home

Having a mortgage does NOT mean you own your home. Thats pure cope and a ploy to get people to feel good about all that usury

08-18-2022, 09:08 PM

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#99

r32gojirra
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Originally Posted By Dreyth⏩

Misc is obsessed with the false dichotomy of rentcel vs mortgagecel

If youreallywant to rile up the mortgagecels, introduce to them the third option. The masterrace.

The ownercel

Brb owning home
Brb dont have dark cloud of half $million debt looming over my head
Brb dont lose home if i miss a few payments
Brb wish i owned a home

Having a mortgage does NOT mean you own your home. Thats pure cope and a ploy to get people to feel good about all that usury

Checking in

08-18-2022, 09:21 PM

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#100

microsuede
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08-18-2022, 09:40 PM

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#101

shreddedloser
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Originally Posted By r32gojirra⏩

Still waiting for your explanation of how interest rates affect me

Its the misc so you can say whatever you want. But I know buying houses with cash to rent out to povertycels isn't very common. And I have been casually reading your posts for years now but still seen no evidence of this wealth that you have gained.

All I see is a lot of projection and if you really were this wealthy property developer what are you doing projecting on the misc creating threads about "renters" every few days.

08-18-2022, 09:45 PM

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#102

r32gojirra
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Originally Posted By shreddedloser⏩

Its the misc so you can say whatever you want. But I know buying houses with cash to rent out to povertycels isn't very common. And I have been casually reading your posts for years now but still seen no evidence of this wealth that you have gained.

All I see is a lot of projection and if you really were this wealthy property developer what are you doing projecting on the misc creating threads about "renters" every few days.

None of what you’ve said explains how interest rates affect me.

Try again?

08-18-2022, 09:48 PM

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#103

shreddedloser
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Originally Posted By r32gojirra⏩

None of what you’ve said explains how interest rates affect me.

Try again?

Your projection and disdain for renters says more about you than your words.

08-18-2022, 09:52 PM

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#104

r32gojirra
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Originally Posted By shreddedloser⏩

Your projection and disdain for renters says more about you than your words.

That’s a lot of mental gymnastics to avoid answering a very simple question.

08-18-2022, 09:56 PM

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#105

shreddedloser
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Originally Posted By r32gojirra⏩

That’s a lot of mental gymnastics to avoid answering a very simple question.

Your not real smart are you. What is the point in arguing over something quantifiable on the misc when in years you have never provided any evidence of. All I can judge is your persona which wreaks of someone who has been suckered in to the whole property investment thing. Put up some evidence and I will eat my words.

08-18-2022, 11:19 PM

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#106

malashker
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Originally Posted By sf813⏩

I rent but purposely live on month-to-month flexibility terms which means I can leave my place with one month notice at any time. I also have large emergency savings that'll last me years so I give zero fuks about my job and whether I lose it or not so I feel a lot of freedom. I have zero fear about going jobless as I have no mortgage payments hanging over my head and not stuck with it.
You have a 30 year mortgage that you're stuck with and I bet you sweat bullets every day to keep performing at your job and stay wagecucking

Op trying to lol about ppl with mortgages yet dude still has to live somewhere paying someone’s mortgage anyway lmao

08-18-2022, 11:44 PM

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#107

r32gojirra
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Originally Posted By shreddedloser⏩

Your not real smart are you. What is the point in arguing over something quantifiable on the misc when in years you have never provided any evidence of. All I can judge is your persona which wreaks of someone who has been suckered in to the whole property investment thing. Put up some evidence and I will eat my words.

*you’re

Spoiler!

Evidence of what? You still haven’t explained how interest rates affect me.

Shouldn’t be difficult for a financial genius like yourself

08-19-2022, 02:27 AM

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#108

SUPERH0T
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Originally Posted By LinuxJon⏩

Answer:

My mortgage is $2300. In 30 years, it'll still be $2300. In 31 years, it'll be gone.

If your rent is $2300, in 30 years it'll be $10k. lol

Your house will be gone within 5 years either from you flooding it or burning it down.

And since you don't have insurance....

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08-19-2022, 02:32 AM

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#109

SUPERH0T
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Originally Posted By r32gojirra⏩

None of what you’ve said explains how interest rates affect me.

Try again?

If you have a 30 year fix it may not affect your payments, but when you come to sell, the price you get may be lower

Or if they trash the currency, even if the nominal price is higher, you may have lost out.

They may re-value your mortgage in Nu-Dollars or CBDC and that could shaft you (this happened during the Weimar collapse)

This is not to bait you, but these are all possibilities.

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08-19-2022, 02:47 AM

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#110

phaginator
Ayyy lmao

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Mortgage cucks seething itt

"bu bu housing prices only go up" LMFAO!

08-19-2022, 03:43 AM

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#111

r32gojirra
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Originally Posted By SUPERH0T⏩

If you have a 30 year fix it may not affect your payments, but when you come to sell, the price you get may be lower

Or if they trash the currency, even if the nominal price is higher, you may have lost out.

They may re-value your mortgage in Nu-Dollars or CBDC and that could shaft you (this happened during the Weimar collapse)

This is not to bait you, but these are all possibilities.

See you’re assuming I have a loan against my place.

On the currency devaluation point higher interest rates are intended to reduce inflation

If I did have a mortgage/debt, inflation would work in my favour because debts are denominated in nominal dollars

But since I don’t that point is moot

08-19-2022, 03:49 AM

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#112

r32gojirra
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Originally Posted By ****inator⏩

Mortgage cucks seething itt

"bu bu housing prices only go up" LMFAO!

You’re thinking of rents

Rents go up

Which reminds me…

Spoiler!

rent’s due bud

08-19-2022, 05:23 AM

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#113

WoofieNugget

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Originally Posted By Condo41⏩

What makes you think I'm "stuck" with it?

I can sell my house faster than you can wait for your 1 month rent to be up.

Then I get money back for doing it.

What am i supposed to be answering??

Originally Posted By Savux⏩

Imagine wanting to move to go travel but you're locked into a 6 month lease, meanwhile any homeowner in this thread could sell their house within a week and get a nice fat cheque to bring with them on their travels.

You still need a place to live.

08-19-2022, 05:29 AM

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#114

Polaris

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Originally Posted By WoofieNugget⏩

You still need a place to live.

Yes, and better to build equity in a property while doing so. That's why the common (here at least) rentcel cope about "lol property values going down on your investment!" (which STILL hasn't happened btw) is moronic. Even if it goes down...there's still equity there as compared to the coping rent cucks who are paying someone else's mortgage and will get ZERO in return when they move/get evicted.

Not to mention - a lot of us are paying less for mortgage + escrow than what rent is for most decent apartments in our area.

08-19-2022, 05:48 AM

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#115

WoofieNugget

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Originally Posted By Polaris⏩

Yes, and better to build equity in a property while doing so. That's why the common (here at least) rentcel cope about "lol property values going down on your investment!" (which STILL hasn't happened btw) is moronic. Even if it goes down...there's still equity there as compared to the coping rent cucks who are paying someone else's mortgage and will get ZERO in return when they move/get evicted.

Not to mention - a lot of us are paying less for mortgage + escrow than what rent is for most decent apartments in our area.

I don't disagree at all - it's just not as easy as saying "hey, I can sell my place and get all the money out of it." In fact, in many cases all owners do is extend the mortgage (or increase it because you upsize) by selling and buying a new place. So that equity gets eaten up by the new mortgage cost and increase in operating factors like maintenance and taxes.

5% rule - if you can rent annually for less than 5% of what a mortgage would be in the same place for the same property, then it's better to rent. For example, if you have a 500k mortgage but rent for the same place is 2k a month, then it makes more sense to rent.