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Forum » “Rising house prices don’t help you; you’ll just have to buy back in at higher price”
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Thread: “Rising house prices don’t help you; you’ll just have to buy back in at higher price”

post 1635845183 04-09-2021, 07:10 PM
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  1. r32gojirra
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“Rising house prices don’t help you; you’ll just have to buy back in at higher price”

Lol everytime

Did it occur to these idiots that people own multiple investment properties and just engage in profit taking when the market is hot?
post 1635845293 04-09-2021, 07:13 PM
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Lol it’s pure cope from brokecels

You can always take that money and move somewhere cheaper, be tactical with your next buy, etc.

Same *******s who believe in the efficient market hypothesis. All brokecels
post 1635845693 04-09-2021, 07:20 PM
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  1. Omnivium
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Yeah but most of the people bragging about their house going up in value are talking about the house they live in though
post 1635845783 04-09-2021, 07:22 PM
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People don't understand how borrowing works lol

They also don't understand the concepts of buying at a discount or value add

But it's the Misc, 90% of dudes here are legit retarded
post 1635845843 04-09-2021, 07:23 PM
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Originally Posted By Omnivium⏩
Yeah but most of the people bragging about their house going up in value are talking about the house they live in though
Yes but if I am buying a house with a minimum down payment, and then I am reselling that house a year or so later for a profit, my ROI is based off what I actually put into it right, not the price of the house?
post 1635846253 04-09-2021, 07:30 PM
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  1. r32gojirra
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Originally Posted By Omnivium⏩
Yeah but most of the people bragging about their house going up in value are talking about the house they live in though
^^^in that specific situation ok

But stating it as a general principle - which most poorcels/ rentcels do - is obviously retarded
Originally Posted By BigDeeps01⏩
Yes but if I am buying a house with a minimum down payment, and then I am reselling that house a year or so later for a profit, my ROI is based off what I actually put into it right, not the price of the house?
Well it’s not just the money you put into it, you’re also assuming some level of risk for the loan amount, assuming you don’t live in a no-recourse state

But yeah houses allow for very low LVR borrowing and no doubt tax advantages
post 1635858553 04-09-2021, 11:52 PM
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Why sell instead of a cash out refinance, free money, tax free
Fck u james
post 1635858663 04-09-2021, 11:56 PM
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Originally Posted By Omnivium⏩
Yeah but most of the people bragging about their house going up in value are talking about the house they live in though
I don't understand the mindset. Renters are telling home owners if they sell they have to "re-buy in another house". Uhh, no, they can just rent and pocket the $ from the house. It's like saying if bitcoin goes up and I sell one it won't matter because I have to rebuy more bitcoin. There is nobody forcing anyone to "re-buy". But a lot of you seem to truly beleive this, so maybe I'm the retard.
post 1635861913 04-10-2021, 02:05 AM
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  1. r32gojirra
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Originally Posted By Seamanbeast⏩
I don't understand the mindset. Renters are telling home owners if they sell they have to "re-buy in another house". Uhh, no, they can just rent and pocket the $ from the house. It's like saying if bitcoin goes up and I sell one it won't matter because I have to rebuy more bitcoin. There is nobody forcing anyone to "re-buy". But a lot of you seem to truly beleive this, so maybe I'm the retard.
Or just continue to live in your own house and sell off the investment properties for a hefty capital gain

Lol
Originally Posted By Gringo12⏩
Why sell instead of a cash out refinance, free money, tax free
Maintenance costs etc

Or interest costs if you have a loan against the property
post 1635861953 04-10-2021, 02:08 AM
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Originally Posted By r32gojirra⏩
Or just continue to live in your own house and sell off the investment properties for a hefty capital gain

Lol



Maintenance costs etc

Or interest costs if you have a loan against the property
I'd rather pay (what's our interest rate now? 2.20% I think mine is lmao) instead of paying 37-45% on capital gains tax
Fck u james
post 1635862133 04-10-2021, 02:19 AM
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It does help me a lot. My mortgage payment stays the same, but the monthly rent I charge to wagecels and cubiclecels keeps climbing at a similar rate.

And the lovely sleepy joe inflation that’s going to happen makes my mortgage a freebie anyway.

Thanks for funding my early retirement.
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post 1635862273 04-10-2021, 02:29 AM
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Originally Posted By Gringo12⏩
I'd rather pay (what's our interest rate now? 2.20% I think mine is lmao) instead of paying 37-45% on capital gains tax
Yeah but lease it for a year and you’re down to 23.5% tax rate which is not too bad

Will probably incorporate a company soon and then distribute profits one time I take a year off work
post 1635862323 04-10-2021, 02:31 AM
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rising prices are good for selling houses you already own. but if you are buying a house for a first time you already will lose value if the price drops especially at all time highs. get a mortgage worth 350k 5 years later your house is valued at 250k. basically paying 100k more for no reason
post 1635862993 04-10-2021, 03:04 AM
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Originally Posted By Gringo12⏩
I'd rather pay (what's our interest rate now? 2.20% I think mine is lmao) instead of paying 37-45% on capital gains tax
Capital gains is even bigger theft then income tax.

Pay tax on gas and other items to work to make money.
Pay income tax on that money
Buy stocks/real estate etc and take all the risk
Make money on said investment
Brb government sticks its hand out for 35%+ of it.
Plant the trees in whose shade your grandchildren will play
post 1635863433 04-10-2021, 03:26 AM
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Originally Posted By 8pieces⏩
rising prices are good for selling houses you already own. but if you are buying a house for a first time you already will lose value if the price drops especially at all time highs. get a mortgage worth 350k 5 years later your house is valued at 250k. basically paying 100k more for no reason
Yes, which is why it's important you do not over leverage yourself. Do not buy something you can afford. Also, do not sell if you are under water.

Historically, prices will go back up over time.

There is no way to predict the top. I have been hearing "This year is the top, we are due for a crash" for 5+ years now.

As long as buying the house makes sense for you (You have a need for housing, you will stay in the area for 3-5 years or be able to rent it out if you move, you are buying something within your means) then the positives outweigh the negatives. Not for everyone, but for most.
post 1635863443 04-10-2021, 03:28 AM
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I’m in the process of selling mine and am working abroad, so won’t buy again for quite a few years.

Should make $150k.
post 1635863593 04-10-2021, 03:34 AM
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ITT: coping mortgagecels
post 1635863723 04-10-2021, 03:37 AM
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Originally Posted By ****inator⏩
ITT: coping mortgagecels
How's that rent payment treatin' ya?
post 1635863803 04-10-2021, 03:40 AM
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Originally Posted By Anachron⏩
Just think of what his rent payments will be 30 years from now.
Oh man, he may have to add 1-2 roommates, if he's able to afford rent at all
post 1635863913 04-10-2021, 03:45 AM
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Originally Posted By Anachron⏩
Maybe he will buy bunk beds to afford the rent on a single bedroom.
I'll rent him a closet for $900/mo
post 1635864033 04-10-2021, 03:51 AM
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Originally Posted By ****inator⏩
ITT: coping mortgagecels
Lol @mortgage

Also ITT: povertycels assume that landchads need to borrow money to acquire property

I guess that says more about your poverty mindset than anything else
post 1635864183 04-10-2021, 04:09 AM
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I'm feeling somewhat badly for a Canadian neighbor. He likes to buy and build homes. It's his way to keeping busy in some respects. Well, he over extended himself financially and needed to unload quickly one of his houses. He did so last year. He took a slight loss on the house he sold.

This year, with the harsh COVID lock downs in Democrat run states in the north, here in open Florida the housing market is hot. Home prices keep going up. IF the Canadian neighbor could have waited a few more months he would have done very well, making good money, on the home he sold last year for a loss.
post 1635864333 04-10-2021, 04:15 AM
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Originally Posted By ParsleyTea⏩
I'm feeling somewhat badly for a Canadian neighbor. He likes to buy and build homes. It's his way to keeping busy in some respects. Well, he over extended himself financially and needed to unload quickly one of his houses. He did so last year. He took a slight loss on the house he sold.

This year, with the harsh COVID lock downs in Democrat run states in the north, here in open Florida the housing market is hot. Home prices keep going up. IF the Canadian neighbor could have waited a few more months he would have done very well, making good money, on the home he sold last year for a loss.
That sucks to hear. Not over extending yourself is definitely key
post 1635865443 04-10-2021, 05:22 AM
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Originally Posted By r32gojirra⏩
Lol @mortgage

Also ITT: povertycels assume that landchads need to borrow money to acquire property

I guess that says more about your poverty mindset than anything else
Buying 4 properties at 25% down with 3% int mortgages is better than buying one property cash. By a mile.

Paying cash for real estate is a LandTimothy move.
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post 1635865683 04-10-2021, 05:32 AM
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Imagine paying a mortgage or rent. Just LOL.
post 1635866343 04-10-2021, 05:56 AM
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Originally Posted By Globally⏩
Buying 4 properties at 25% down with 3% int mortgages is better than buying one property cash. By a mile.

Paying cash for real estate is a LandTimothy move.
Why does one exclude the other?

You can access superior interest rates if you have unencumbered properties to anchor

Poverty mindset strikes again

Also in Australia only investment properties are a tax deduction

So it makes sense to own you primary residence outright
post 1635866493 04-10-2021, 06:01 AM
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Lol @ mortgagecels celebrating their 30 year debt contract
post 1635866803 04-10-2021, 06:11 AM
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I've never heard anyone say that, but okay. Regardless, the trick is to never sell. Why pay capital gains tax when you can hold forever? If you need the cash and have to sell then you have other problems.
Originally Posted By tripod29⏩
Imagine paying a mortgage or rent. Just LOL.
You can't live with your parents forever, boyo.
Still Cuckin On Four Fours, Wrapped In Four Voes
post 1635866953 04-10-2021, 06:16 AM
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Well, it's true for the most part. Only great when the home value increases if you are selling investment property or if it is your house, you are downsizing but only marginally better.
post 1635866993 04-10-2021, 06:18 AM
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I bought a house three years ago in south Florida for $440k, now the zillow estimate is at $562k. It's initially great to see but the fact is I'm not planning on moving, hopefully ever, so it really means nothing to me. The only thing thing the rising housing market means to me, is that my parent's house, my in-laws house, and my grandparents house, all also in south Florida are also skyrocketing, which one day will simply add a large cash value to my one-day inheritance. And the same regarding my house to my kids one day.

My wife's family moved down to Miami in the 1920's and actually owned a house on Palm Island but sold it sometime in the 1950's or something. That house now could be in the $20-millions if they would have just held on to it...
Never neg first but always neg back crew
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