>mortgage
Biggest scam ever. Don’t fall for the “Muh equity” meme. Do some calculations of how much you pay in interest over the course of a 5 year term vs the prices of real estate.
Pro-tip: you lose more money than you gain on the property appreciation. It’s a better idea to invest your down payment and get your yearly 12%.
Mortcucks will try and cope but they know us nomadchads are living life the way it was meant to be lived.
>rent my properties, gentile
>just pay 4% to a real estate agent, property tax, land transfer tax, mortgage insurance, house insurance bro its equity bro
>dont worry about interest payments bro
>just pay 70% of your payments for interest bro it’s normal bro
you pay $900/month for a box 8 inches away from feral niggers
I pay $700/month for a house next to people with good credit
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you pay your landlord daddy's interest
I pay the bank who loaned me the money 2.875% interest
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in 15 years, you will have thrown away over $160,000 on rent, and wont see a dime when you move
in 15 years, if I sell, I'll get a fat check for over $200,000
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>Cope
the only cope here is that you pay more money for a smaller, shittier, box that is 8 inches away from actual IRL niggers whereas I pay less for more space, better neighbors, and that sweet sweet equity.
get DABBED ON rentcuck
What about taxes, insurances and repairs?
>taxes, insurances
included in monthly payment
>repairs
non-existent rentcuck cope
A/C units last decades and cost less than $500 to repair
water heaters last for literal decades and cost less than $1000 for new equipment AND install
roofs last for 50+ years
You are right about thinking of real estate as an investment.
If you aren't able to leverage your house or property in some sort of productive manner then you are just paying interest to live in a box.
Gardening and a vegetable garden is always a good investment.
>roofs last for 50+ years
autistic musings of a debtslave. eventually the house is paid off and your only expenses will be property taxes, insurance, utilities, and minor upkeep. meanwhile your $2000/mo social security will be my cut in half after you hand over $1k/mo to a jewish landlord until the day you die.
THOSE ARE ALL INCLUDED IN YOUR RENT YOU MENTALLY RETARDED NIGGER, WITH A PROFIT MARGIN ON TOP OF THAT.
and banks make a margin on your mortgage
okay, but what's the alternative? You need to live somewhere, and rent is more expensive long-term. And good luck trying to save up to buy a house in cash while also paying rent
Just buy a rental property and have rentcucks pay the mortgage for you. Its not hard.
YOU'RE PAYING THE LANDLORD A LOT MORE THAN A 3% PROFIT MARGIN YOU DUMB SUBSCRIPTION BASED LIFESTYLE NIGGER
a one bedroom flat in a shithole town near me costs £600pm rent. I live in a 3 bedroom house nearer the city in an up and oming area and my mortgage is £480pm. my property has increased upwards of £20k. enjoy your cope rentgoy.
How can I safely earn 12% a year?
Did you forget about the real estate agent?
it's a one time fee you retard
>Tfw digital nomad life
Mortgage and rent cucks get fucked. The cope is beyond real at this point. Only buy houses with 100% cash and wedge the price down for instant equity
As opposed to losing 100% of your money by renting. Nice
and you could have invested it instead along with your upfront initial payment
Kek
>It’s a better idea to invest your down payment and get your yearly 12%.
Do you get to live in a 12% yearly return? The utility of having a roof over your cannot be ignored.
I have a house that brings in 3x the mortgage payment in gross rental income and has appreciated 6% per year, which is leveraged 5x. None of this accounts for the discount that came with the foreclosure. I saw a nitwit on here say it's impossible to get a house below market price without it having serious defects. Get good, retard. There are deals everywhere. If you're not trying to become a landlord you hate money.
Mortgage means "death agreement"
Yes mr nose burg I would LOVE to sign a contract that makes me stay in the town I grew up in for 30 years NOTHING would make me happier, here’s your payment plus tip (interest)
Mortgages are the only reason to buy a house.
You can sell the house...
At what cost? Most people lose money when they sell their homes because they coincide with financial downturn which erases the appreciation of value on the property
Property tax means you're always paying rent even once you own your home outright. Being able to just fucking walk away entirely and go live somewhere else for a better job is economic leverage that's rarely worth giving up.