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

10-27-2022, 08:03 AM

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#121

outfoxxed
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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

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#122

donblaximus
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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

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#123

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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

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#124

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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.

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10-27-2022, 03:26 PM

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#125

outfoxxed
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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

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#126

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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

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10-27-2022, 04:59 PM

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#127

LogicalLifts
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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

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#128

Joseph1990
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If you already have a home maybe. Besides that you need to pay for a place to live owner or not.

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10-27-2022, 06:04 PM

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#129

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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

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#130

TonyTriangles
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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.

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10-27-2022, 06:08 PM

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#131

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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

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#132

LogicalLifts
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Rent is DUE, plebs!

10-28-2022, 11:06 AM

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#133

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

10-28-2022, 12:25 PM

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#134

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Originally Posted By EasyPassive⏩

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

Your rent is 100% tip.

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10-28-2022, 12:31 PM

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#135

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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

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#136

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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

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#137

TsarChasm
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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

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#138

outfoxxed
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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

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#139

Mrstealyogurl89
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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

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#140

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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.

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10-28-2022, 01:35 PM

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#141

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Rentcels in shambles...3 more days.

Don't be late!

10-28-2022, 02:04 PM

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#142

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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

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#143

TexasTechPharmD
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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

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#144

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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

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#145

EasyPassive
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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

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#146

Deutschlandbrah
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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

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#147

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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

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#148

Polaris

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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

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#149

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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.

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