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