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Forum » Reminder: if you are paying a mortgage, you dont "own the house"
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Thread: Reminder: if you are paying a mortgage, you dont "own the house"

post 1652513683 12-14-2021, 07:38 AM
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#1
  1. Dreyth
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Reminder: if you are paying a mortgage, you dont "own the house"

Edit:

Cant believe all these people who don’t own homes are getting defensive and lashing out at rentcels lol, it’s hilarious

Shows their cope

Listen, if you are under your dark cloud of 500k debt and will be kicked out if you miss a few payments,then you dont own the home

Neither mortgagecels nor rentcels are homeowners
post 1652513713 12-14-2021, 07:39 AM
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Why do you care tho? It seems awfully insecure
post 1652513743 12-14-2021, 07:40 AM
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  1. eternalnoob
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Rentcel cope thread
post 1652513773 12-14-2021, 07:41 AM
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#4
  1. phaginator
  2. Ayyy lmao
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Yup always funny seeing debtslaves brag about their overpriced house that was 10x less in the 90's.
post 1652513863 12-14-2021, 07:42 AM
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If you’re house will be taken away if you stop paying property taxes you don’t own a house.....
post 1652513873 12-14-2021, 07:43 AM
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  1. BrianDaMan
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did u know you can sell it and you get to keep the equity/increase in market value, even if you havent fully paid it off?
post 1652513953 12-14-2021, 07:45 AM
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  1. Gayford
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Pffft if you pay property taxes you don't own the house.
*Texas Crew*
post 1652513963 12-14-2021, 07:45 AM
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  1. BuckNakedinBama
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When I decide to leave my current residence, I will walk away with over $100k.

When you decide to leave your residence, you will walk away with nothing.

Keep paying your landlord's mortgage and helping him build generational wealth for his family while you fail to do the same.
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post 1652514023 12-14-2021, 07:46 AM
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Own 66% of my house crew
post 1652514063 12-14-2021, 07:48 AM
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Lolz @ mortgagecels

When will they learn
post 1652514073 12-14-2021, 07:48 AM
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  1. BrianDaMan
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Originally Posted By BuckNakedinBama⏩
When I decide to leave my current residence, I will walk away with over $100k.

When you decide to leave your residence, you will walk away with nothing.

Keep paying your landlord's mortgage and helping him build generational wealth for his family while you fail to do the same.
exactly lol. and your mortgage is locked in, while his landlord jacks up the prices every year

coping rentcels always say 'b-but it's cheaper to rent, you gotta pay to maintain your property!' lol my parents have gained ~$600k over the last 9 years in their house, I can tell you they haven't spent anywhere near $600k in maintenance/repairs.
post 1652514193 12-14-2021, 07:50 AM
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What if you have the cash to pay off the house but sit on the mortgage anyways because interest rates are so low and paying it off early doesn't make sense
post 1652514213 12-14-2021, 07:50 AM
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My mortgage is $200 less than my rent was. As clown world rent costs go crazy I keep a nice low payment

When I sell I keep the equity


Lol at renting Srs
post 1652514243 12-14-2021, 07:51 AM
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#14
  1. Gayford
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Originally Posted By BrianDaMan⏩
'b-but it's cheaper to rent, you gotta pay to maintain your property!'
That is a ploy buy the property owners to keep the renters renting LOL.

It is way better to own than pay someone else more than the mortgage.
*Texas Crew*
post 1652514253 12-14-2021, 07:52 AM
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Originally Posted By pr0digy11⏩
My mortgage is $200 less than my rent was. As clown world rent costs go crazy I keep a nice low payment

When I sell I keep the equity


Lol at renting Srs
Op is still correct. If you're making payments to someone else on anything you don't own it.
post 1652514263 12-14-2021, 07:52 AM
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Originally Posted By pr0digy11⏩
My mortgage is $200 less than my rent was. As clown world rent costs go crazy I keep a nice low payment

When I sell I keep the equity


Lol at renting Srs
The only way a property owner makes money is to add a couple hundred onto the mortgage they are paying. SO as a renter you basically pay the mortgage plus a premium to the owner.
*Texas Crew*
post 1652514293 12-14-2021, 07:53 AM
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  1. BrianDaMan
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Originally Posted By Gayford⏩
That is a ploy buy the property owners to keep the renters renting LOL.

It is way better to own than pay someone else more than the mortgage.
rentcels fell for the globalist great reset propaganda

post 1652514613 12-14-2021, 08:03 AM
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you own the equity. whether that equity is 5% or 100% of overall value of the house you still OWN THE EQUITY.

don't cope because you can't afford to buy a house homie.
Lets Go Brandon
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post 1652515033 12-14-2021, 08:13 AM
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  1. WoofieNugget
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Home owners also pay about double the cost of the home over time in property taxes and interest. So when you have a $500k house free and clear you actually probably paid about $1 million to own it.

What home owners don't want to hear is that if you rent and invest the difference versus buying outright (especially in today's market) after twenty years it's about break even in terms of assets at the end of that time. Obviously with people who buy and rent out as landlords then it's a whole different story and it depends on the city. Right now in my city it makes zero financial sense to overpay to buy instead of renting.
post 1652515083 12-14-2021, 08:15 AM
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yeah you do

smh

you own the house, but the bank uses it as collateral.

you still own it. thats why you can own many houses, make money off appreciation, cashflow, etc, and do with them as you please.

the house is yours and your loan is secured by the house.

fukkin rentcels i swear.
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post 1652515193 12-14-2021, 08:17 AM
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Rentcel cope


You're better off keeping the cash and just paying the loan as investing outside will likely give you more
post 1652515313 12-14-2021, 08:19 AM
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OK.Thanks.

Who should pay for a new furnace? Please let me know.
post 1652515383 12-14-2021, 08:20 AM
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Using this logic if I owe 1 dollar on a million dollar house I dont own it? Must have failed finance big time with this kind of thinking.
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post 1652515403 12-14-2021, 08:20 AM
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  1. Retoaded
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OP is renting a house from a guy who owns a house who if he doesn't pay his mortgage then OP gets kicked out of the house.

OP can pay his rent on time and still get kicked out of the house. LOL at rentcels.
post 1652515513 12-14-2021, 08:22 AM
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  1. BrianDaMan
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Originally Posted By Retoaded⏩
OP is renting a house from a guy who owns a house who if he doesn't pay his mortgage then OP gets kicked out of the house.

OP can pay his rent on time and still get kicked out of the house. LOL at rentcels.
OP in 10 years when he can't afford a house and his Chinese landlord jacks up his rent beyond his budget, leaving him homeless

"WTF! How is this legal to just increase someone's rent like this??? I was paying HALF this rent just 10 years ago!! This is all part of the Great Reset and Great Replacement agenda!!! All the greedy elf bankers fault! DO SOMETHING!!!"
post 1652515553 12-14-2021, 08:22 AM
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Enjoy your rent doubling goals of 2022
libs gonna lib
post 1652516183 12-14-2021, 08:33 AM
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LMAO rentcels are so petty. I bet i own all the equity in the home dummy. Read rich dad poor dad. If you own your house, you're a fool. Use OPM (other peoples money) to acquire assets. Buy yourself a house, then buy some rentals and deduct the interest on said rentals as a business expense. Mortgage rates are literally the lowest ever right now. Rents go up with inflation. As far as property taxes go, live in an area where the property tax is low. If you're renting, charge enough to more than cover all expenses. It's not that hard. My mortgage is fixed and in this climate, is the only surefire way to stabilize your cost of living. Rentcels are literally the lowest rung on the ladder.

BRB daddy landlord plzzzz dont raise my rent
BRB daddy landlord why are you taking my deposit, i didn't stain that carpet
BRB daddy landlord plz don't evict me, its Christmas time.

fking lmao at rentcels.
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post 1652516283 12-14-2021, 08:35 AM
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y u irate, op?

srs, there is no need to be upset

calm down, have a smoke

take a serious fkn five
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post 1652516323 12-14-2021, 08:36 AM
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Originally Posted By Dreyth⏩
srs its just a cope.

if you bought the house cash, or inherited it, or fully paid off the mortgage, then you own it

but if you are $500k in debt and will get kicked out of the house if you miss a few payments,then you dont own the house


letting people call themselves "home owners" for being in massive debt is just some kind of psychological engineering to make people feel better about their usurious transactions and feel better about the fact that they can get kicked out for missing their payments
Whatever you have to tell yourself, rentcel. Meanwhile me and my fellow property maxxers are sitting on massive equity
post 1652516533 12-14-2021, 08:40 AM
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if you pay a mortgage: you dont own a home

if you lease a car: you dont own it
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