Sure bud, tell that to the people that bought house near me 30 years ago for $50k and are now worth 800k

I follow the advice of Grant Cardone and Kiyosaki: Rent where you live, but invest in real estate.
Roberty Kiyosaki:

Anything that doesn't pay you back is not an investment.

yeah these mortgage cucks are like herp derp i can just sell it for twice as much!

meanwhile in reality even after 10 years you probably might list if for 50kplus. than when you factor in the tax/land transfer/guv/lawyer bs its only bout 35k.... 35k over 10 years is not that much. 3500 a year, JUST LOL

A lot of people will tell you that buying a home is a good investment, but “that couldn’t be further from the truth,” says Peter Mallouk, a certified financial planner and president of wealth management firm Creative Planning.

Young homeowners in particular have figured that out the hard way: Underestimating the hidden costs is the No. 1 reason millennials who do own homes have regrets.

Full article :https://www.cnbc.com/2019/04/18/weal...nvestment.html

Wow! Absolutely brutal srs, dead fk srs

And what do you get after 10 years? Assuming you pay 1500 per month in rent after 10 years its 180K in the wind with nothing to show for it. I'll take that 35K in profit and whatever I put into it as equity thank you very much.

yeah what a fukking idiot I am for putting 10k down, having a nice house to myself to live in for 2 years with no landlord and no issues and i could sell it now, actually sell not just market value, for 200k over what i paid and be up 190k.

Just another example where homeowners think they are making a ton of money at the end of the day. You forgot about the property taxes you've paid. How much principal you've paid down on your mortgage, which is basically nothing in two years. If you sell you're paying 5% towards a real estate agent plus land transfer taxes to buy a new place. Anything else you've paid for in maintenance. Plus - you need another place to live so either you become a renter or you take whatever equity you earned and put it towards another house with another mortgage which just extends the cycle of debt.

It's not as simple as "I made 190k in profit." No, you didn't. You probably paid less per month to live than someone renting depending on the area, but you still paid a ton of money to have that house to a bank in interest and the city in taxes, plus everyone else that gets involved.

And frankly, if you put only 10k down the biggest mortgage you could have would be 500k, so saying that you made 200k in two years is delusional.

lololol they forget to calculate so many things; welcome tax, real estate agent fee, taxes, maintenance , the time they put working on their home , etc

wow, imagine being a homecuck in a declining market just fk LOL

Bruh, it's literally hundreds of thousands less expensive to purchase a $425k home than renting at $1500 for 30 years, INCLUDING everything you just listed.

I don't own a home but this PURE COPE.

Just knowing you can retire rent free is enough to buy a house. Rent is people's biggest asset. Imagine if you didn't have to pay rent, you'd have so much spare cash

¨ Rent is people's biggest asset ¨










































lol
































































just fk LMAOOOOOOOOOOOOOOOOOO

¨ Rent is people's biggest asset ¨










































lol
































































just fk LMAOOOOOOOOOOOOOOOOOO

Keep LARPing, rentard.

And the rentard thinks that landlords pay the property taxes and insurance out of the kindness of their heart.

And they also buy appliances and pay for maintenance for the same reason.

But let's forget all of that ( including the fact that the landlord also made a healthy profit on top of all that ), and let's consider the following statement:

"you take whatever equity you earned and put it towards another house with another mortgage which just extends the cycle of debt."

Which in your rentard case is exactly $0.

Rentard cope knows no bounds.

30 years from now $555k today will be worth roughly $1.4 million. You didn't make money there.

Obviously yes by renting you are giving away money, I'm not arguing that at all. At the same time your house isn't really an investment either. It's just something you bought that you use. It's a purchase, not an investment.

Let's put a pause to the home vs. rent thing for a second. Rentcels who think they aren't giving away their money are idiots, you don't need to debate that point with me. But here's my argument for why your home is not an investment. Let's say you already own a home and you have an extra $500k sitting around in your savings account. Are you going to put that $500k into another home and expect to make money off the home as it appreciates? If so, the most likely thing you'd accomplish is simply matching the effects of inflation over time. So I suppose it is an "investment" just not a very good one. Now if you want to buy a home to rent it out that's a different story, but that's not really an investment either. You've basically added a job that will require your time in order to profit from renting out the home. Even if it's a low effort job, there's still work you have to do so to call that strategy an investment is also a bit flawed.

If you want to be super technical here an investment is just anything that generates income or appreciation. Your job is an investment by that definition though, and we all know that's not what people are talking about here when saying investment. Everyone means passive investment (buy and hold and do nothing else) when they say a house is not an investment (or a good one because typically you're not going to do much better than meeting inflation).

In my mid 20s I bought an apartment, rented out the spare room which covered the mortgage payment. Then I had spare cash to invest in a Vanguard S&S tracker.

Six years later sold the apartment for 60% more than I paid for it then I had a heap of cash, put some down as a down payment on a house, set some aside for fun and put some more into investments.

Wouldn't have been possible if I'd been renting the whole time.

A lot of people will tell you that buying a home is a good investment, but “that couldn’t be further from the truth,” says Peter Mallouk, a certified financial planner and president of wealth management firm Creative Planning.

Young homeowners in particular have figured that out the hard way: Underestimating the hidden costs is the No. 1 reason millennials who do own homes have regrets.

Full article :https://www.cnbc.com/2019/04/18/weal...nvestment.html

Wow! Absolutely brutal srs, dead fk srs

So let's see what you posted:



Then let's see what I posted...



I know that beavercel education system leaves a lot to be desired - but you don't seem to be able to read properly. I bolded the parts of my post that address the bolded parts of your post.

Or are you saying that you have more equity than $0 as a rentard?

I saw it coming after his persistent crying about NYC and LARPing as an expert since he "comes here for work".

Rents really do drive some povertycels insane.

Glad mine know and are comfortable in their roles.

Thanks for confirming that your reading comprehension is basically non existant.

But I guess I was expecting too much from a beavercel rentard.

"Didn't say anything about equity":



Which in your rentard case is exactly $0.00

And the beavercel rentard, when confronted with his own statement, doubles down on his lack of intellectual capacity.

I mean, seeing as how Woofie is eligible to vote in beaverland...

It's no wonder Mr. Fancy Socks got elected.

Not once!

Not twice!

But three times!