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Forum ยป Is being a mortgagecel worse than being a rentcel
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Thread: Is being a mortgagecel worse than being a rentcel

post 1696791723 01-22-2024, 04:22 PM
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Is being a mortgagecel worse than being a rentcel

Mortgage payment = rent + laughable amount of equity

Foreclosure = eviction + losing your life's savings

The difference is once you become a mortgagecel, you've essentially signed a contract to be a wagie for the next 25 years. You've essentially agreed to be a slave for a quarter of a century. All the schlomos at the bank are rubbing their hands Jewishly as they put the wagie collar around your neck

Not to mention all the time you have to spend on maintenance and upkeep to make your home not a shythole. Between wagecucking and maintenance, you barely have time to do your own thing. And once you throw kids into the equation, it's over
post 1696791793 01-22-2024, 04:23 PM
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Rents not due for another week, wonder why this thread came up so early.
post 1696791953 01-22-2024, 04:27 PM
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Anyone buying a house right now instead of renting is financially illiterate
post 1696791963 01-22-2024, 04:27 PM
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Mortgage = half the price of rent + 100% equity after 30 years + inflation, locked in at today's prices for the next 30 years.

Rent = pay double, or live in a roach motel and invest the difference lol. 0% equity ever, prices go up every year so you don't get to ignore the next 30 years worth of inflation.

Which one's better?
post 1696792173 01-22-2024, 04:31 PM
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Originally Posted By volleys⏩
Rents not due for another week, wonder why this thread came up so early.
Hey it's me, your boss. Make sure to do your mandatory double overtime for this week or you're fired. If you lose your house that's on you. Don't forget to suck my cawk before i leave the office too. And I'm going to need you to work the shaft if you don't want to be homeless.
post 1696792223 01-22-2024, 04:32 PM
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I bet <5% of people live in a house for 25+ years these days
post 1696792273 01-22-2024, 04:33 PM
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GOAT move is to be both like me

I own 2 investment properties that I've rented out and I'm a rentcel (month-to-month flexibility so no stress and investing the difference) for my primary residence
post 1696792283 01-22-2024, 04:34 PM
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"Mortgagecel" is communist rhetoric. You a commie, op?
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
post 1696792313 01-22-2024, 04:35 PM
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>Beavercel

Lol
post 1696792393 01-22-2024, 04:38 PM
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Originally Posted By outfoxxed⏩
Mortgage payment = rent + laughable amount of equity

Foreclosure = eviction + losing your life's savings

The difference is once you become a mortgagecel, you've essentially signed a contract to be a wagie for the next 25 years. You've essentially agreed to be a slave for a quarter of a century. All the schlomos at the bank are rubbing their hands Jewishly as they put the wagie collar around your neck

Not to mention all the time you have to spend on maintenance and upkeep to make your home not a shythole. Between wagecucking and maintenance, you barely have time to do your own thing. And once you throw kids into the equation, it's over
You realize that you can sell the house anytime and rent if needed, right? If moving for a job, many big companies will buy your house at going rate immediately to help you move to them.

Rent is not free, so the rentard is slaving away with nothing to show. That is the definition of slavery (working without benefiting). The landChad is working for the investment, more freedom, and the greater chance that he doesn't have to live near rentards and all the problems that they bring.

LandChad provides his offspring with a real home, stability, and love. The rentard only provides for his kids via garnished child support and his kids grow up in another rental, while mom has to turn tricks to pay the rent. They cause the cycle of degerancy to continue.
post 1696792413 01-22-2024, 04:38 PM
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Originally Posted By Destor⏩
I bet <5% of people live in a house for 25+ years these days
Doesn't matter, you take the equity with you to the next house.

100k house, stay 5 years, take 50k equity with you to 200k house. Live there 5 years, take 100k equity with you to 400k house, etc, etc.
post 1696792423 01-22-2024, 04:39 PM
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Originally Posted By baldbrah⏩
Mortgage = half the price of rent + 100% equity after 30 years + inflation, locked in at today's prices for the next 30 years.

Rent = pay double, or live in a roach motel and invest the difference lol. 0% equity ever, prices go up every year so you don't get to ignore the next 30 years worth of inflation.

Which one's better?
You don't gain equity on your interest payment/property tax/utilities/maintenance just like you don't gain equity on rent. The real question is what percent of your mortgage payment is going to your mortgage interest and what is going to equity?

Now take the amount of equity you gain and compare that to if you had rented and invested the leftovers. You gain your equity by investing the difference. If your down payment is 100k, that's conservatively ~105k next year

Real estate is a hedge against inflation but so is compounding returns in the market. In theory your returns outpace inflation

There's also the issue of diversification...
post 1696792503 01-22-2024, 04:41 PM
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Originally Posted By outfoxxed⏩
You don't gain equity on your interest payment/property tax/utilities/maintenance just like you don't gain equity on rent. The real question is what percent of your mortgage payment is going to your mortgage interest and what is going to equity?

Now take the amount of equity you gain and compare that to if you had rented and invested the leftovers. You gain your equity by investing the difference. If your down payment is 100k, that's conservatively ~105k next year

Real estate is a hedge against inflation but so is compounding returns in the market. In theory your returns outpace inflation

There's also the issue of diversification...
You're skipping the part where renting a 3br single family home will cost you 3k in rent where the mortgage on the same home is $1500. So who has more to invest the difference?

I know I know, you and your 4 kids are going to rent a 1BR tiny house aka shack for $1500 and invest the same amount.
post 1696792603 01-22-2024, 04:44 PM
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Scope out my annual statement for 2023, this renewed at basically the perfect time

Spoiler!
post 1696792983 01-22-2024, 04:52 PM
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Originally Posted By outfoxxed⏩
Hey it's me, your boss. Make sure to do your mandatory double overtime for this week or you're fired. If you lose your house that's on you. Don't forget to suck my cawk before i leave the office too. And I'm going to need you to work the shaft if you don't want to be homeless.
Haven't done a full overtime shift in well over a year. Also, my rentcuck pays my mortgage for me.
Make sure to slide your check under the door and do your mandatory double overtime for this week or you're fired. If you lose your apartment that's on you. Don't forget to suck my cawk before I leave the office too. And I'm going to need you to work the shaft if you don't want to be homeless.
post 1696793023 01-22-2024, 04:55 PM
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Anyone saying renting is better than buying is a landlord.
post 1696793063 01-22-2024, 04:56 PM
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If you make a true apples to apples comparison (this is where most go wrong), it's financially a wash. They're the same - there's no free lunch anywhere.

So it becomes a matter of personal preference. Expect to move around a lot? Renting is probably better. Value stability, freedom to modify your property etc? Owning is likely better.

It's true there are a lot of "hidden" or lumpy costs of home ownership that owners tend to ignore/neglect but you do pay one way or the other (a neglected property will be worth less). However most people lack self control and rather than prudently invest the difference in monthly costs, they spend it resulting in renters on average being much poorer than owners who at least have the forced savings program of a mortgage.
post 1696793423 01-22-2024, 05:03 PM
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lol if you do either. Tents from Academy Sports and Outdoors cost $40 and you're done. You think our ancestors needed more than this?
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post 1696794223 01-22-2024, 05:25 PM
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Originally Posted By TomPaine⏩
You realize that you can sell the house anytime and rent if needed, right? If moving for a job, many big companies will buy your house at going rate immediately to help you move to them.

Rent is not free, so the rentard is slaving away with nothing to show. That is the definition of slavery (working without benefiting). The landChad is working for the investment, more freedom, and the greater chance that he doesn't have to live near rentards and all the problems that they bring.

LandChad provides his offspring with a real home, stability, and love. The rentard only provides for his kids via garnished child support and his kids grow up in another rental, while mom has to turn tricks to pay the rent. They cause the cycle of degerancy to continue.
Rentcel can buy a house just like a mortgagecel can sell his house. It cancels each other out
post 1696794243 01-22-2024, 05:25 PM
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My mortgage is $3400 a month and I still wouldn't trade it for being a rent cuck
post 1696794423 01-22-2024, 05:31 PM
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At a time when mortgage payments cost 20%-30% more than rent payments, it really makes you think.
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post 1696795133 01-22-2024, 05:50 PM
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Originally Posted By OliverHeldens⏩
Anyone buying a house right now instead of renting is financially illiterate
Heard the same thing back in 2021

Lmao

post 1696795983 01-22-2024, 06:08 PM
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Lol, look at how many rich folks rent vs. own. Rich folks own, and let other folks money make them money.

The rare folks who do rent that are rich, they are grossly overpaying rent to someone who is WEALTHY (#Chrisrock).

Or maybe rentcells are right, and all the foreign investors and conglomerates buying up all the residential real estate are doing it wrong.
post 1696796113 01-22-2024, 06:10 PM
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I never understood why these threads pop up.

Are they hoping that home owners will sell their home or something lol
post 1696796323 01-22-2024, 06:13 PM
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Originally Posted By outfoxxed⏩
Hey it's me, your boss. Make sure to do your mandatory double overtime for this week or you're fired. If you lose your house that's on you. Don't forget to suck my cawk before i leave the office too. And I'm going to need you to work the shaft if you don't want to be homeless.
You don't think you lose your living space if you miss the rent? Your logic does not add up. Either way, you miss you lose..however it takes far longer for your home to be forclosed on than missing the rent. With mortgage, you can sell quick and get out, still walking away with a profit, you miss the rent and you are SOL
post 1696796393 01-22-2024, 06:15 PM
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buds due rent
post 1696796733 01-22-2024, 06:23 PM
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Originally Posted By sf813⏩
GOAT move is to be both like me

I own 2 investment properties that I've rented out and I'm a rentcel (month-to-month flexibility so no stress and investing the difference) for my primary residence
4d chess move. Society does not even know what to call this hybrid mogger. Rentard? HomeLoaner?

No, he's a Rentarded HomeLoaner. The real estate market will never figure this one out.
post 1696797023 01-22-2024, 06:29 PM
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a person with smarts can make either situation work for them
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