Wealth manager: Buying a home is 'usually a terrible investment' srs

10-27-2022, 08:03 AM

-

#121

outfoxxed
Registered User

outfoxxed
Registered User

Join Date: Jun 2010

Location: Toronto, Ontario, Canada

Posts: 22,267

Rep Power: 86921

Depends on the market circumstances honestly.

Here in Canada, it's almost a terrible idea to buy property as your biggest holding. Our mortgages are only fixed for 5 years maximum and we have access to a tax free savings account which makes it a no brainer for your first 50-100k which would be the down payment for many US homes.

Primary residence exemption is pretty legit in Canada though so it's still a really good consideration if you maxed out your tfsa

A lot of mortgagecels do their own maintenance which is pretty funny. They don't value their time and instead do minimum wage labor like a Mexican.

10-27-2022, 08:08 AM

-

#122

donblaximus
Registered User

donblaximus
Registered User

Join Date: Jul 2010

Age: 50

Posts: 12,396

Rep Power: 70954

Originally Posted By outfoxxed⏩

A lot of mortgagecels do their own maintenance which is pretty funny. They don't value their time and instead do minimum wage labor like a Mexican.

I do most of my own maintenance and I value my time considerably. I do it for these reasons:

1. I know it gets done right
2. I use the best materials for the tasks
3. I learn how to maintain my property and understand how things work

For me thats fulfilling.

10-27-2022, 08:59 AM

-

#123

Thunderpants
Registered User

Thunderpants
Registered User

Join Date: Sep 2010

Posts: 6,542

Rep Power: 172917

Yes well what with the rise of HTC culture homeowners these days are basically walking the plank to use a metaphor in reference to overweight women coming to their houses then waddling off to the restroom to fill the toilet with rancid batches of girthy chocolate stink slinkies that cannot be handled by current lumping technology and whilst great effort is expended via hours of aggressive plungering with a rocket mortgage tshirt pulled up over the nose inevitably a plumber is called and several thousand dollars later pressing the flush lever may or may not produce a meek gurgle

10-27-2022, 03:01 PM

-

#124

Kev1972
Registered User

Kev1972
Registered User

Join Date: Jun 2013

Location: Big Arm, Montana, United States

Posts: 49,924

Rep Power: 287644

I think what the wild rentards fail to understand is the difference between a primary residence and real estate as an investment vehicle.

RE generally under-performs vs the stock market, but a primary residence with tax benefits and appreciation is always a better investment than putting your landchad's kids through private school.

Motorcycle crew
Army veteran crew
One Meal a day crew

10-27-2022, 03:26 PM

-

#125

outfoxxed
Registered User

outfoxxed
Registered User

Join Date: Jun 2010

Location: Toronto, Ontario, Canada

Posts: 22,267

Rep Power: 86921

Originally Posted By Anachron⏩

It just highlights how intellectually lacking rentards are, especially beavercel rentards.

Another wild rentard appears.

TFSA max contribution room is currently $81500. That is since the inception of the program (2009).

fukin LOL if you only had that much money to invest in the last 13 years.

And that's in monopoly money beaverdollars.

Its 81.5k contribution room. That's probably 120k+ if you've been investing the whole time. That's a down payment on a home.

A home is a good investment in Canada because of the principal exemption tax. Not so good if you're relying on it over stocks in a tfsa. Most people can't afford to max out their tfsa and still put a down payment on a home. Though i can luckily enough since i make multiple 6 figs but even then it's more about waiting for real estate to settle to a realistic price for me to invest. I don't make investment decisions based on need, i make enough to sit on the sidelines and buy when things are good

10-27-2022, 03:44 PM

-

#126

MEDITATE
cockroach indians

MEDITATE
cockroach indians

Join Date: Oct 2007

Posts: 38,046

Rep Power: 0

These days investing in stocks and bonds is the dumbest fukcing idea out there... everyone is doing it and 99..999% are losing their money

You wanna have a good investment ? either go for real estate without taking a loan... if you have the money buy a shop "rent it out" or a house ..pay the full amount... if you dont have the money in full ..... go open your own business and bust your ass to make it work ...... easiest business to do and make good bucks out of it is a gas station

Fukcing humans are like apes..... everyone replicating everyone for fast ,easy money..... well here's a tip.... no such thing as easy fast money

Cherish your life. Live to tell your story

10-27-2022, 04:59 PM

-

#127

LogicalLifts
Registered User

LogicalLifts
Registered User

Join Date: Aug 2022

Age: 56

Posts: 13,157

Rep Power: 204849

Originally Posted By OliverHeldens⏩

I do visit NYC 3-4 times per year for pleasure, but you're mistaking me with someone else.

No, I'm not. I have seen you pop into many a NYC/city thread and cope - even your advocating for womanlet/angle/IGers, when I showed you - since I actually live in the city, that women with those features are a dime a dozen here.

You're mistaking my memory, clearly.

10-27-2022, 05:07 PM

-

#128

Joseph1990
Keto shill

Joseph1990
Keto shill

Join Date: Nov 2010

Location: Canada

Posts: 18,531

Rep Power: 75714

If you already have a home maybe. Besides that you need to pay for a place to live owner or not.

Control group crew membership revoked 7/5/2022 1:50pm PST not proud.

Inb4 honorable FDA/CDC/NIH/WHO representatives

J.L.C,
NextPound,
mgftp,
SillieBazzillie.

10-27-2022, 06:04 PM

-

#129

EasyPassive
Banned

EasyPassive
Banned

Join Date: Apr 2016

Age: 39

Posts: 4,819

Rep Power: 0

Just imagine getting a letter telling you you need to pay property taxes and municipal taxes lol just fk LMAOOOOOOOOOOOOOO

Governmentchads and bankchads are the real owners dead fk srs,

And don't even be 1 day late to pay these, if you don't want your ¨property¨ seized like the little cuck you are just fk LMAOOOO

10-27-2022, 06:06 PM

-

#130

TonyTriangles
Registered User

TonyTriangles
Registered User

Join Date: Apr 2011

Location: Pacific Grove, California, United States

Posts: 16,030

Rep Power: 86426

Lol-and he calls himself a wealth manager...

Want to know what's worse than owning a home? Renting a home.

What's better than owning a home?
Being homeless.

US Navy Vet
Misc bjj crew
Aweir

10-27-2022, 06:08 PM

-

#131

EasyPassive
Banned

EasyPassive
Banned

Join Date: Apr 2016

Age: 39

Posts: 4,819

Rep Power: 0

Originally Posted By TonyTriangles⏩

Lol-and he calls himself a wealth manager...

Want to know what's worse than owning a home? Renting a home.

What's better than owning a home?
Being homeless.

And even worse? Being a homecuck like you LMAOOOOOOOOOOOOOOOOOOO

Mortgage payments are due soon my boy, don't be late

10-27-2022, 06:24 PM

-

#132

LogicalLifts
Registered User

LogicalLifts
Registered User

Join Date: Aug 2022

Age: 56

Posts: 13,157

Rep Power: 204849

Rent is DUE, plebs!

10-28-2022, 11:06 AM

-

#133

EasyPassive
Banned

EasyPassive
Banned

Join Date: Apr 2016

Age: 39

Posts: 4,819

Rep Power: 0

Don't forget to tip 20% on your mortgage payments next week homcels !

10-28-2022, 12:25 PM

-

#134

pondus_levo
mic dropper

pondus_levo
mic dropper

Join Date: Oct 2006

Location: United States

Posts: 24,811

Rep Power: 163138

Originally Posted By EasyPassive⏩

Don't forget to tip 20% on your mortgage payments next week homcels !

Your rent is 100% tip.

Forever alone? Attraction and keeping the girl chasing you - http://forum.obnoxiousbrutes.com/showthread.php?t=131498033

You will never know your limits, unless you push yourself past the imaginary lines you have drawn in the sand.

Knee Dragger - '06 GSX-R750

10-28-2022, 12:31 PM

-

#135

EasyPassive
Banned

EasyPassive
Banned

Join Date: Apr 2016

Age: 39

Posts: 4,819

Rep Power: 0

Originally Posted By pondus_levo⏩

Your rent is 100% tip.

My landlord sends me gifts ever 2-3 months and give me gift cards every month LMAOOOOOOOOOOOOOOOOOO

10-28-2022, 12:33 PM

-

#136

phaginator
Ayyy lmao

phaginator
Ayyy lmao

Join Date: Apr 2013

Posts: 36,761

Rep Power: 122033

Water is wet.

Although low IQ miscers are better to wageslave and become mortgage cucks since they're too retarded to invest anyway.

10-28-2022, 12:37 PM

-

#137

TsarChasm
Registered User

TsarChasm
Registered User

Join Date: Jan 2012

Posts: 5,883

Rep Power: 15868

Yeah it was awful making 300k in equity since I bought in 2015. I pay $1500 a month in a high cost of living area for my mortgage. The average rent in my area is almost $2000. Yeah sure I invest in my home for upgrades but there is a ROI.

10-28-2022, 12:52 PM

-

#138

outfoxxed
Registered User

outfoxxed
Registered User

Join Date: Jun 2010

Location: Toronto, Ontario, Canada

Posts: 22,267

Rep Power: 86921

Originally Posted By Anachron⏩

Rentard logic : It's not $81.5K max contribution room because it's $81.5K contribution room that's "probably $120K if you've been investing the whole time".

Just LOL @ beavercel rentards srs.

Had to explain it to you since you're shyt at finance lol

Contribution room and the amount of money you have in your account are different things

10-28-2022, 01:05 PM

-

#139

Mrstealyogurl89
Registered User

Mrstealyogurl89
Registered User

Join Date: Aug 2022

Age: 56

Posts: 4,222

Rep Power: 10944

I just don’t see how used houses appreciate in value. You lived in it for 10 years. You expect me to pay more for something used. If anything used houses are suppose to depreciate, not appreciate in value. If the property appreciates because of new buildings around the neighborhood, fine. But that still doesn’t explain the rediculous appreciation.

Don’t even get me started on stocks.

10-28-2022, 01:25 PM

-

#140

sooby
WOATbrah of peace :)

sooby
WOATbrah of peace :)

Join Date: Feb 2015

Location: Toronto, Ontario, Canada

Posts: 43,319

Rep Power: 219409

Originally Posted By EasyPassive⏩

My landlord sends me gifts ever 2-3 months and give me gift cards every month LMAOOOOOOOOOOOOOOOOOO

for what? as thanks for satisfying his tip in his own rented basement that you live in and being a good little rentcuck for funding his yearly vacations to the bahamas on time?

fuking lmaooo

imagine being a male and somebody is providing you a place to live and sending you gifts as well. you sound like somebody's princess.

positivity brah crew
dont take my posts too srs crew srs
JFL @ everything crew
lol @ tradies srs crew
BIG LOL @ sky tradies srs crew (RealAesthetic)
indian crew
living in clown world crew so screw it crew
anti-degen crew

10-28-2022, 01:35 PM

-

#141

Polaris

Polaris

Join Date: Feb 2003

Posts: 63,727

Rep Power: 568352

Rentcels in shambles...3 more days.

Don't be late!

10-28-2022, 02:04 PM

-

#142

EasyPassive
Banned

EasyPassive
Banned

Join Date: Apr 2016

Age: 39

Posts: 4,819

Rep Power: 0

Originally Posted By Polaris⏩

Rentcels in shambles...3 more days.

Don't be late!

According to your file you pay us your mortgage every two weeks and you didn't pay us on the 15th,

Sent you a letter, srs.

Can't wait to seize your little cuck home LMAOOOOOOOOOO

10-28-2022, 02:15 PM

-

#143

TexasTechPharmD
Registered User

TexasTechPharmD
Registered User

Join Date: Nov 2013

Location: Texas, United States

Age: 38

Posts: 2,243

Rep Power: 8965

Don't buy a house if you can't afford it.

Don't buy a house thinking you can get your return in a year.

Don't buy a house if you think it's a terrible investment.

I bought my 4th rental property. Making at least $500 per house on rents. Values went up at least 10% for each house since last year. The house I live in went up 25% in value in the last 5 years. How is this a bad investment?

Trust me, I am a pharmacist.

10-28-2022, 02:20 PM

-

#144

Polaris

Polaris

Join Date: Feb 2003

Posts: 63,727

Rep Power: 568352

Originally Posted By EasyPassive⏩

According to your fileyou pay us your mortgage every two weeksand you didn't pay us on the 15th,

Sent you a letter, srs.

Can't wait to seize your little cuck home LMAOOOOOOOOOO

I don't live in Cuckanada.

10-28-2022, 02:22 PM

-

#145

EasyPassive
Banned

EasyPassive
Banned

Join Date: Apr 2016

Age: 39

Posts: 4,819

Rep Power: 0

Originally Posted By TexasTechPharmD⏩

Don't buy a house if you can't afford it.

Don't buy a house thinking you can get your return in a year.

Don't buy a house if you think it's a terrible investment.

I bought my 4th rental property. Making at least $500 per house on rents. Values went up at least 10% for each house since last year. The house I live in went up 25% in value in the last 5 years. How is this a bad investment?

25%/5 = 5% lol just fk LMAOOOOOO look at the returns on stocks last 5 years you homecuck

Could have just put it in the SP500 instead LMAOOOOOOOOOOOOO

rofl just fk LMAOOOOOOOO

lol

10-28-2022, 02:27 PM

-

#146

Deutschlandbrah
<1%

Deutschlandbrah
<1%

Join Date: Jan 2015

Posts: 3,316

Rep Power: 46493

Originally Posted By EasyPassive⏩

25%/5 = 5% lol just fk LMAOOOOOO look at the returns on stocks last 5 years you homecuck

Could have just put it in the SP500 instead LMAOOOOOOOOOOOOO

rofl just fk LMAOOOOOOOO

lol

Thanks for paying my mortgage bill, renty.

10-28-2022, 02:30 PM

-

#147

EasyPassive
Banned

EasyPassive
Banned

Join Date: Apr 2016

Age: 39

Posts: 4,819

Rep Power: 0

Originally Posted By Deutschlandbrah⏩

Thanks for paying my mortgage bill, renty.

Thanks for allocating 100% of your cash in your house LMAO

This way it keeps stocks prices low for stocksChads like me to buy low

just fk LMAOOO

10-28-2022, 02:33 PM

-

#148

Polaris

Polaris

Join Date: Feb 2003

Posts: 63,727

Rep Power: 568352

Originally Posted By EasyPassive⏩

Thanks for allocating 100% of your cash in your houseLMAO

This way it keeps stocks prices low for stocksChads like me to buy low

just fk LMAOOO

That's now at all how it works. Some of us build equity while living somewhere AND "invest the difference" (paying less than rent for most decent places around).

Meanwhile you eagerly build another man's equity, like an egregious cuck.

10-28-2022, 02:34 PM

-

#149

KINGFABIAN
SHOTS FIRED!

KINGFABIAN
SHOTS FIRED!

Join Date: Mar 2004

Location: Florida

Posts: 8,402

Rep Power: 68808

Originally Posted By EasyPassive⏩

According to your file you pay us your mortgage every two weeks and you didn't pay us on the 15th,

Sent you a letter, srs.

Can't wait to seize your little cuck home LMAOOOOOOOOOO

Maybe if your lucky your landlord will use your own money to send you a gift or gift card this month.

Don't push me 'cause I'm close to the edge
I'm trying not to lose my head
It's like a jungle sometimes
It makes me wonder how I keep from goin' under…~ (Melvin Glover, better known by his stage name Melle Mel and Grandmaster Melle Mel, is an American hip hop recording artist who was the lead vocalist and songwriter of Grandmaster Flash and the Furious Five.)

Early AM workout crew.