Reminder :)

stop posting the same shit thread every day sage

My house cost $129,000. $1,200 a month on a 15 year mortgage. Three years later taxes had raised it to $1,450 a month and I had to put $8,800 of repairs into it.

Buying isnt a clear advantage anymore because the Fed keeps interest permalow, while immigration is permahigh. Housing prices continually grow faster than wages. The past three years have been bidding wars and huge value gains as wages barely moved. My house grew in "value" to $140k. Now the bubble got popped and I imagine it will move down to $100k or lower. If I was in a 30 year mortgage I'd be stuck in my house and unable to relocate for a better job because I owe more than the house is worth.

Also, the sewer main is fucked by roots and has maybe 2-3 years left and then it'll be a $14,000 repair.

You can easily buy a house and then get his with repairs the size of your down payment. Other risk is having to sell your house if you want to move. If you close on a new house and a buyer pulls out on an old one you are fucked.

Moot point now because lenders are only doing 20% down, and in most areas that means $40-60gs in cash on hand.

Sure sounds better than paying 800 dollars a month to the Jew.
Never gonna make it.

Because tenants can destroy your property and leave you with thousands of dollars of damage and at best you'll live in a state where it'll only take you 30 days to remove them. In others they could be living with you, not paying, and fucking the place up for half a year before they get removed.

You can't buy a nice house in my area for $150k without taking on a lot of repair costs. I've already done a ton of research with my real estate agent and the minimum would be $310k for a decent house that isn't falling apart in some way. The people saying they got their house for less than $200k are obviously boomers who bought them a long time ago, not recently. Or they live in backwoods Mississippi.

150.000$ house?? Must be some poor shit country?!

>returns
on a depreciating asset that gives you no income
>ok

seems like you retards bought really shitty properties thinking you were getting a "deal"

I have a family member who owns 15 rental properties. in 8 years, ONE deck has needed replacement (they did it themselves, lumber cost $800) and 2 needed AC units (which cost $1000 a piece AFTER labor)

we can talk anecdotal evidence all day but as I see it, its 12 houses to 5, 12 not needing repair

get rekt

what city

>get exposed as larping child
>uses a variation of the my uncle works at nintendo defense
pottery

your thread clearly states it compares renting your residence vs buying your residence
>failed slide

>Kid heard relative bragging and so they know everything.
Ok, but according the National Mortgage Professionals routine maintenance (gutters, HVAC, etc.) costs $3,067 a year on average. This does not include long term repairs, which you are recommend to budget at .2% of value per month, so $400 a month for a $200,000 house.

Most landlords turn their properties into shit which is why no one likes having rentals near them. They are only saved by the one two combo of zoning laws and bubbles that are used to keep their values up.

the same thing that happens when a boiler in your apartment breaks. landlords charge enough rent to cover expenses and they pass those expenses on to you in the form of a premium. in other words, the rent you pay is, on the long run average, in excess of their monthly debt obligations, property taxes, building insurance, repairs/improvements, etc.

>owing bank kikes money
>ever
nigger I have 1 bank account and I use it to get paid. I'll NEVER make a loan to buy a house.

That isn't the same thing by a long shot.

not an argument
irrelevant schizophrenic drivel
[source needed]

> bought really shitty properties
The post opens with a $150,000 property.

what city do you live in

in 30 years you will have thrown away over $300,000 on rent @ 900/month

in 30 years I will get a fat check for $200,000

stay retarded, your landlord thanks you

You own 0 real estate you retard zoomer

massive cope

it is exactly the same unless you're the type of nigger who needs weekly paychecks because you're too retarded to save and budget and project expenses.

>irrelevant
the premise of the thread that you made is irrelevant?

you must be 18+ to post, newfriend

A slate roof lasts 150 years and a good HVAC system that isn't made out of cardboard by chinks can last half a century with good maintenance. The only reason you're having to repair things so often is because you're using the shittiest quality cheapest materials you can find.

This. Modern appliances last 10+ years and are cheap