5 years renting: $60,000 down the drain

5 years renting: $60,000 down the drain

5 years homeowner: $20,000 in my pocket

>being 25+ and still renting

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ok now this is epic

It's way cheaper for me to rent in my area also I like the ability to move around for work given today's economy.

You literally just picked a random number (country? area? circumstances?)

Why the fuck do you keep coming here and posting this

based off a $150,000 house, which is attainable for 90% of Americans

if you aren't American, you need to stay in your containment board >>Zig Forums

I'm in Canada

S E E T H I N G
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rentcucks, that's why

I live in a studio apartment. If I bought a house I’d be spending a bunch of money for square footage I don’t need. I’d rather sock that money into the stock market than paying an extra $500 a month to build $500 in equity.

bless your heart

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He made a very big lifetime commitment in a very precarious time economically, and desperately needs affirmation.
It's kind of like that cringey dude that keeps talking about lambos and doxxed himself

mortgage on a $150,000 house with 3.5% down is barely over $1,000 a month

after 5 years, you could refinance and your PMI will drop, reducing your payment to less than $700/ month

Big Brain Moves (refinancing to a 15 year mortgage would be the right thing to do but I'm demonstrating how cheap your monthly payment could be if thats all youre worried about)

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The interest rates are low and banks are getting cucked but that’s a precursor to a shit economy. What happens if you lose your job? Or the house prices tank and you paid 20%+ over fair market value? These are the real considerations in these uncertain times imo. My family friend is a property mogul and half his tenants are not paying and he’s so heavily leveraged he’s getting btfo. Housing isn’t like the 70s 80s 90s 00s where you can always bank on appreciation of housing value especially with construction being stalled how is your house going to make you money on a sale if your city isn’t growing and building to draw in more people? Just be careful user consider these things, yes rent sucks but there isn’t a looming uncertainty of your most vested asset’s value.
>the things you own actually own you

2.875 interest rate on a house $30,000 below market

how upset are you rn?

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>He made a very big lifetime commitment in a very precarious time economically, and desperately needs affirmation.

OP on actual suicide watch

House fucks are embarrassing. Hoard and buy a bunch of shit they don't need.

rentcuck COPE

you will be evicted by a sheriff after one month of missed rent whereas homeowners have upwards of 6 months.

home owners can also take an equity line of credit and essentially reduce their mortgage payment to 15% of whatever it was while looking for another job

small brain, get rekt again

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Every square foot of house I own is a square foot of house I have to heat and maintain. 400 sqft houses don’t exist and that’s about what I need. Spending extra money to build equity is asinine. I assure you, I’ve done the math.

the difference on an electric bill of a 1,400 sq. foot house and a 400sq. foot box is less than $50/ month.

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REMINDER

women over 22 begin caring astronomically more about a man's financial status over his social status.

being a home owner
GETS
YOU
LAID

No they don't lol
>user... do you own a home, what is your mortgage? EWWWWW I DONT WANT TO GO TO YOUR APARTMENT!

>with 3.5% down
Banks won't do this anymore since corona just fyi

how much did you spend to get that $20k? what does 'down the drain' mean? do you count the escrow in your mortgage?

>implying a young girl would ever outright ask a guy what his mortgage is
this is next level celibacy. in fact, this is borderline ASPD. I hope youre under 15 years old otherwise you've got a tough road ahead of you

Wrong, retard. I literally JUST got approved for an FHA loan yesterday. 3.5% down and a 2.875% interest rate, how upset are you right now?

You've spent the time between today and yesterday collecting reaction gifs to justify your lifestyle choice

so in a sense it is very sad, and I would say I am fairly upset

She wouldn't, but he said somehow owning a home "gets you laid".

5 years homeowner: $20,000 in my pocket

>owning property and not paying your mortage with the rental income

listen baby if you want my Anna Kendrick sauce that's all you got to say

it does though. owning a home is Big League. you rentcucks are still playing t-ball. women want a MAN, not a boy

Fun fact: many counties will pay some or all of your down payment for you. Mine gave me $13,000 for F R E E

okay dude keep making threads about it to desperately justify your choice.

You definitely sound content and confident with your decision.

B A S E D

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>he MUST be regretting his decision if he KEEPS making fun of the retards! He MUST!!!
cope.

Based op making the suicidal reddit marxists want to neck themselves

how do you go about getting this free money?