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Forum » I locked in at 2 percent bro it’s ok
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Thread: I locked in at 2 percent bro it’s ok

post 1670552763 11-03-2022, 06:44 AM
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#31
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Dumbchit OP thinks everyone who owns real estate bought it last year lmfaoooooooo

Considering OP just paid rent and is trying to cope, this is understandable
Always Neg Back Crew.
post 1670552873 11-03-2022, 06:45 AM
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Originally Posted By Anachron⏩
I don't see a quoted post.
you post enough of it all the time, I'm sure everyone in itt has seen it.....
Boycott foodservice industry crew
post 1670552993 11-03-2022, 06:49 AM
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#33
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Originally Posted By MarioMiami305⏩
Not only thag but the cost to maintance a home is sky rocketing
Maintance
post 1670553003 11-03-2022, 06:49 AM
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Love how one dimensional the misc thinks.

Many people bought say in 09 at 4% and refinanced at low 2% in 21.
post 1670553043 11-03-2022, 06:50 AM
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Lol!

Hopefully they like the house! They'll be there until age 70, while rentcels will be allowed to move on with life, mortgagecels will be stuck wearing a beanie and talking about the good ol days.
post 1670553073 11-03-2022, 06:51 AM
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#36
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Mortgagecels:

Paid thousands of dollars to take out a mortgage when they “bought” their house

Paid thousands more dollars to refinance to a lower rate

Watch their house drop in value every day but owe the same amount to the bank

Will pay thousands more dollars in broker fees when they sell their house at a loss after losing their job in the upcoming recession

Lmao just lmfao
post 1670553093 11-03-2022, 06:51 AM
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#37
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Originally Posted By Anachron⏩
Thanks for confirming that your previous post was a flat out lie.





It doesn't surprise me that you cannot read into sarcasm at all given your autism.

Its hilarious because I eluded to the characteristics of your conclusion, not your statement.

quote me where I said statement

You want to argue but don't want to directly state a position because you can't possibly defend it.
Boycott foodservice industry crew
post 1670553103 11-03-2022, 06:51 AM
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#38
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Originally Posted By rectifryer⏩
Nope. Rent is decreasing. Rent is half of what a mortgage costs here...
Id love to see examples of this data proving that. Im not saying its not possible.....just curious what city, area and type of home we are talking about where rent is half that of a mortgage assuming we are comparing similar structures.
post 1670553303 11-03-2022, 06:55 AM
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#39
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Originally Posted By donblaximus⏩
Love how one dimensional the misc thinks.

Many people bought say in 09 at 4% and refinanced at low 2% in 21.
Same situation but bought in 14.. Ill stay BBQing and blasting music by my pool with Golden Retrievers scouring the yard, while they have to keep it down and tiptoe around the apartment for their cuck neighbors and make sure their assigned parking space didn't get taken. All for $1000 less per month then they pay.
post 1670553343 11-03-2022, 06:57 AM
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#40
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Originally Posted By Anachron⏩
It's OK, the world can always, and I mean always, use more rentards.



Yes... "Sarcasm"

Spoiler!






It's most likely not. Every time a rentard gets pressured into providing a source for this, they reveal that they are comparing a basement apartment or Section 8 type housing to a SFH.
You have literally no ties to industry, or you completely suck at your job. You wouldn't need sources or data if you were in any way involved.....
Boycott foodservice industry crew
post 1670553353 11-03-2022, 06:57 AM
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#41
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Originally Posted By rectifryer⏩
Rent is collapsing right now. I can explain the mechanism but I feel like I'd be doing your work for you. You've set your own personal standard where if someone is off by 6 months then you claim they're not credible despite providing no other model or conclusion besides "REAL ESTATE ONLY GOES UP" which is characteristic of exuberance....but we're past that now.
I am tied to real estate and I would assume Anachron is as well. Where my properties are, rent is going up. (Several cities in Tx with highest increase being Austin Tx) Id like to understand what city you are speaking of in which equivalent houses are half of a mortgage for rent. It would be interesting to understand as admittedly, I only am concerned and focused on where I have investment.
post 1670553483 11-03-2022, 07:00 AM
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#42
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Originally Posted By donblaximus⏩
I am tied to real estate and I would assume Anachron is as well. Where my properties are, rent is going up. (Several cities in Tx with highest increase being Austin Tx) Id like to understand what city you are speaking of in which equivalent houses are half of a mortgage for rent. It would be interesting to understand as admittedly, I only am concerned and focused on where I have investment.
He's talking about sharing a studio apartment with 4 roommates, and comparing that to a mortgage for a decent house.
post 1670553493 11-03-2022, 07:00 AM
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#43
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Originally Posted By gixxer0.6g⏩
The cold hard truth for rent cells is if you didn't buy a house a few years ago, you never will. Housing in the future will be a thing reserved for the elites.
I think there will always be buying opportunities for everyone. But I do agree with you the fact of the matter is......if there is a huge downward plunge in real estate........there are several people I personally know (and I am sure there are many others) that have resources to buy dozens of 3 bed 2 bath homes at a discount and close with cash. No need to muck with banks, inspections, etc. This is what the average joe renter hoping to catch a deal will be up against.
post 1670553533 11-03-2022, 07:01 AM
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#44
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Originally Posted By donblaximus⏩
I am tied to real estate and I would assume Anachron is as well. Where my properties are, rent is going up. (Several cities in Tx with highest increase being Austin Tx) Id like to understand what city you are speaking of in which equivalent houses are half of a mortgage for rent. It would be interesting to understand as admittedly, I only am concerned and focused on where I have investment.
I'm waiting on list of approved sources from anachron for my data. I wouldn't want to argue from a position where his pedantic takes are somehow of equal footing.
Boycott foodservice industry crew
post 1670553573 11-03-2022, 07:03 AM
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#45
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Originally Posted By donblaximus⏩
I think there will always be buying opportunities for everyone. But I do agree with you the fact of the matter is......if there is a huge downward plunge in real estate........there are several people I personally know (and I am sure there are many others) that have resources to buy dozens of 3 bed 2 bath homes at a discount and close with cash. No need to muck with banks, inspections, etc. This is what the average joe renter hoping to catch a deal will be up against.
The average return on renting real estate is 4.4% and carries risk. Why on god's green earth would you choose that over bonds or other safe investments...

most investors WOULD NOT agree with your position.
Boycott foodservice industry crew
post 1670553593 11-03-2022, 07:03 AM
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#46
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Originally Posted By Anachron⏩
It's OK, the world can always, and I mean always, use more rentards.



Yes... "Sarcasm"

Spoiler!






It's most likely not. Every time a rentard gets pressured into providing a source for this, they reveal that they are comparing a basement apartment or Section 8 type housing to a SFH.
OMG that gif is classic. I almost spit out my coffee. Damn.
post 1670553633 11-03-2022, 07:05 AM
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#47
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Originally Posted By rectifryer⏩
I'm waiting on list of approved sources from anachron for my data. I wouldn't want to argue from a position where his pedantic takes are somehow of equal footing.
I think it would be just a matter of stating a zip code and we can do the homework for ourselves with real time data?
post 1670553713 11-03-2022, 07:07 AM
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#48
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Originally Posted By donblaximus⏩
OMG that gif is classic. I almost spit out my coffee. Damn.
When I was younger, I complained on reddit about bmi being retarded because it didn't differentiate between males/females. Some guy came and started trolling me about how I must be a complete fat ass because no one over 150lbs is fit. Then he started asking for pics. That's anachron.

review his post history and you'll see a ph aggot.
Boycott foodservice industry crew
post 1670553723 11-03-2022, 07:07 AM
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#49
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Originally Posted By donblaximus⏩
I am tied to real estate and I would assume Anachron is as well. Where my properties are, rent is going up. (Several cities in Tx with highest increase being Austin Tx) Id like to understand what city you are speaking of in which equivalent houses are half of a mortgage for rent. It would be interesting to understand as admittedly, I only am concerned and focused on where I have investment.
I would like to know also. The average rent in Massachusetts is $2500. I pay $1500 total, Principal, taxes, insurance for a 500k property because I bought right. The comparison is not even close in value.
post 1670553773 11-03-2022, 07:08 AM
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#50
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Originally Posted By donblaximus⏩
I think it would be just a matter of stating a zip code and we can do the homework for ourselves with real time data?
okay guy with millions for real estate but doesn't understand risk vs reward
Originally Posted By TsarChasm⏩
I would like to know also. The average rent in Massachusetts is $2500. I pay $1500 total, Principal, taxes, insurance for a 500k property because I bought right. The comparison is not even close in value.
are you going to go back in time to rent?
Boycott foodservice industry crew
post 1670553783 11-03-2022, 07:08 AM
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Rentcels are so bad at math, it explains why they are rentcels in the first place.
post 1670553793 11-03-2022, 07:08 AM
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#52
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Or maybe, just maybe.... I refinanced in 2021???



I think I actually refinanced in 2020, 2.9%.



Lmao @ renters always exposing themselves



"Not surprisingly, almost 25% of homeowners refinanced in 2021, according to new Federal Reserve data. But right now, mortgage rates are higher than they've been in many years. And that extends to refinance rates. As such, it's easy to assume that it's too late to look at refinancing"
Ol' 71st street. The devil that birthed me.

606 G0D.
post 1670553833 11-03-2022, 07:09 AM
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#53
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Originally Posted By Anachron⏩


This is true. And he current project just locked in a 40% Cash-on-Cash return for 2023-24.
post 1670553863 11-03-2022, 07:09 AM
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#54
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Originally Posted By rectifryer⏩
The average return on renting real estate is 4.4% and carries risk. Why on god's green earth would you choose that over bonds or other safe investments...

most investors WOULD NOT agree with your position.
There are other factors to consider. My model is always buy the cheapest house in the absolutely best neighborhood I can afford. So while I agree the average return is not the best, the property game as a sub component of my investment strategy gives me options.

1. With my model, i allow the land to appreciate and the $/sqft to rise. At a certain point, I have the option to remodel or expand on my property (i have the ability to contract my own projects) and that has given much more than a 4% average return

2. Certain properties i do short term rentals and that is higher than a 4% average return

3. The next property I am shopping will be on the lake. So it will be short term rental plus I will have the ability to enjoy it with my family.

4. One other property is near many universities in Austin. it has appreciated 3x+ since I bought it. I could "rent" this out to my kids if they decide to go to University and use their 529 to pay the rent.

Many different options you have with real estate that make it attractive to have as a COMPONENT of your overall investment strategy.
post 1670553893 11-03-2022, 07:10 AM
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Originally Posted By Anachron⏩
I mean, it's not me that just admitted to being a redditor.
but you don't object to looking for pics of dudes
Boycott foodservice industry crew
post 1670553993 11-03-2022, 07:12 AM
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#56
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Originally Posted By rectifryer⏩
okay guy with millions for real estate but doesn't understand risk vs reward



are you going to go back in time to rent?
zI have no idea what you are talking about. Risk vs reward? You made a statement and I was just curious to see in which city that was valid? That had nothing to do with risk vs reward??? My response to your other statement is more appropriately tied to risk vs reward.

Im just curious to see a zip code in which rent is half of mortgage. We arent looking to go back in time. Just look at real time data. Like if I were to rent today vs buy in that said city.....what those numbers look like. I am not even saying its not possible....im just super curious what type of city that is.
post 1670554103 11-03-2022, 07:14 AM
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#57
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Originally Posted By donblaximus⏩
zI have no idea what you are talking about. Risk vs reward? You made a statement and I was just curious to see in which city that was valid? That had nothing to do with risk vs reward??? My response to your other statement is more appropriately tied to risk vs reward.

Im just curious to see a zip code in which rent is half of mortgage. We arent looking to go back in time. Just look at real time data. Like if I were to rent today vs buy in that said city.....what those numbers look like. I am not even saying its not possible....im just super curious what type of city that is.
This is interesting. I find it REALLY HARD TO BELIEVE anything you're saying if you're not aware.

If you can look it up "by zip" then you can look it up by other parameters.....like deltas...

which is why its so retarded to ask for a source when you would clearly have source for the data if your were tied to decision making.
Boycott foodservice industry crew
post 1670554223 11-03-2022, 07:16 AM
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#58
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Originally Posted By Anachron⏩
I admire your willingness to try and help others improve their understanding of the subject at hand even as they are proving themselves as complete LARPers.



Spoiler!


Thanks for confirming redditor level IQ though.
thats funny because you're the one missing the metaphor

a pedantic concern troll...
Boycott foodservice industry crew
post 1670554253 11-03-2022, 07:17 AM
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#59
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Originally Posted By GeezersPalace⏩
Lol if you did this. The lower your rate the more you overpaid.

2021 your house value 800k
2024 your house value 265k to 325k

Just like in 08 to 16….but I’m locked in brah

Mortgagecels on suicide watch
I bought the dip right at the start of covid. Was a very very good price.

I trippled the size of my house, doubled the size of my garage, and pay the same mtg as before.
post 1670554373 11-03-2022, 07:18 AM
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#60
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Originally Posted By Anachron⏩
So you are saying you don't have a source?
I have plenty, and they're widely available to anyone. I'm curious as to how TF you can come to any other conclusion understanding this.

In fact...lets see what data you can provide....
Boycott foodservice industry crew
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