question to lifelong rentcucks. how do you envision the last 10-30 years of your life? if you don't own a home you will be paying rent until the day you die. here are some facts about social security in today's dollars (2020 dollars.)
>$137,700/yr income or greater >$2290/mo if retired at 62 years >$3261/mo if retired at 67 years >$4044/mo if retired at 70 years
>$60k/yr income >$1505/mo if retired at 62 years >$2156/mo if retired at 67 years >$2674/mo if retired at 70 years
average rent in a reasonably large city in america is between $800-1000/mo. that's 1/3 to 1/2 of your social security earnings if you're a moderate income earner. potentially much more if you live in a large city, potentially less if you live in a rural area. do rentcucks honestly plan on living on $1000-1500/mo after paying mr. shekelstein his rent? or are you still deluding yourself into thinking your 401k is going to pay for your retirement?
>BBBUT HOMEOWNERS PAY TAXES! AND WHAT ABOUT ROOFS AND OTHER EXPENSES!!!!
the house will be paid off upon retirement for most people. upkeep and property taxes are minimal compared to rent. rent represents every obligation you would shoulder for home ownership. this includes mortgage, property taxes, insurance, maintenance, AS WELL AS a premium which is the landlord's profit. these are inescapable no matter where you live EXCEPT FOR the premium. so then, why would you choose to rent?
also understand that unless you're a retard who neglects his shitshack for 3 decades, you should be doing regular maintenance throughout home ownership. HVAC units and roofs don't suddenly fail. they have known lifespans, they can be inspected. if you aren't a literal retard you should project their useful lives and budget accordingly for their inevitable repair. worst case scenario: take out a home equity line of credit or, god fucking forbid, a reverse mortgage to pay for these """unexpected repairs.""" given all of this, why would anyone choose to rent for life?
I'll go take out a mortgage on a house and not have to pay it all off because I'll be fucking dead.
Julian Sullivan
I'm not living past my 30s. I will very likely kill myself in the relative near future.
Angel Wilson
I don't obsess over my retirement. I doubt most of us will get one.
Jonathan Gutierrez
TL;DR: Tighten up those bootstraps and quit being poor.
Noah Ward
Imagine the amount of mortgagecucks who bought property in or around Detroit. Renting could have saved them so much money.
James Rodriguez
those $1 houses aren't in neighborhoods you would want to live in, even if you were a nigger accustomed to a life of poverty and crime. there are very, very few scenarios where you would come out ahead renting for life versus buying. off the top of my head: having one of those absurdly low grandfathered for life rent-controlled apartments in NYC that are like $600/month in a decent neighborhood while even the shittiest of houses would cost $600k or more. in that case, you would rent for life.
Jacob Martinez
Honestly I look at life long renters (a few of my friends) the same way I do crpytoshitters: fucking financial retards who are hurting my chances of getting a decent place simply by existing. Now get out
Kevin Cruz
Social security is fucked anyway. We're never going to see any of that money
Okay, and imagine the amount of mortgagechads who bought property in Silicon Valley back then
Jaxon Reyes
Even if I could afford a house ,they would be in shitty nigger neighborhoods.
Benjamin Williams
Imagine having a poorly built, bubbled, giant liability as your greatest investment. Imagine having to pester anonymous strangers on an anime image board in a desperate attempt to prop up the pyramid scheme you bought into.
I work in construction. 100% of American suburban houses built after 1930 are complete crap, especially the richfag ones.
Aaron Evans
I imagine my dividend portfolio will nicely cover rotating renting a few different villas around the world at my whim. Just make sure you clean the place up good when im done with it landie, wouldnt want your "investment" depreciating just because some blow and hooker juice got on the carpet.
i support this spam, i’m renting myself but the facts you guys post are actually worthwhile and educational.
Elijah Gonzalez
Just go live in Panama bro
William King
your alternative is to pay a jewish landlord 50% of your social security check until the day you die. i'm no genius but i'm pretty sure paying less money over the long run to OWN A HOUSE is a better choice, mr. construction worker.
Angel Gomez
sounds like a good way to get ransomed
Leo Reyes
I own a house here in CT and taxes are 1k a month, so no they're not negligble. Also gas can be disgusting in cost.
Luke Ross
Not buying your shitshack, Rajesh
Nolan Adams
>rent represents every obligation you would shoulder for home ownership. this includes mortgage, property taxes, insurance, maintenance, AS WELL AS a premium which is the landlord's profit. these are inescapable no matter where you live EXCEPT FOR the premium.
you'd still be paying property taxes either way, genius.
Henry Gray
>Lives in a state with one of the highest property taxes >”No they’re not negligible”
yeah i don't even understand how property taxes are that much. i thought NJ was bad where property taxes on a """regular person""" house can be $8-10k/yr yet he's paying $12k/yr to live in connecticut which is rich but not that rich. wtf.
Aiden Richardson
>average rent in a large city is 800-1k Umm sweetie that is the rent college kids pay to share a 1 bed 1 bath apartment in most cities
Gavin Sanchez
>house falls apart >white flight
>rentchad I want to negotiate the rent or I'm going to leave
>mortgagecuck its_gone_its_all_gone.jpg
Colton Price
i thought i would lowball it because of the inevitable horde of inbreds who would follow up with >I ONLY PAY $250/MONTH TO RENT A DOUBLE WIDE IN SISTERFUCK, ALABAMA but yeah, you're right. i pay $955/mo to rent a 1 br apartment in a nigger suburb of philadelphia. it's jewish theft. can't wait to have my down payment saved up.
Lincoln Sullivan
This. And even if we do, inflation will have made it worthless by the time we get it.
Boomers don't seem able to u understand why someone under 40 laughs at the idea of social security. "Muh retirement".
Time to end this nonsense. Boomers spent their whole lives waiting for their gobment gibs, didn't have enough kids to support their retirement pyramid ponzi, then accused younger generations of being lazy and entitled, all while calling for more 3rd world immigration because "Americans don't want to do those jobs".
What jobs? The jobs you did straight out of high school that paid a living wage for you and your family, but are now wrecked thanks to constant legislation to push cost of labour down? Or the jobs that were shipped overseas because "muh retirement pension fund corporate profitability gdp always needs to go up" mentality retarded consumer.
When boomers ar we gone, real estate will be plentiful. Demographics.
OP is mad because his NPC brain believed the "get degree, buy house, invest 401k, social security plus stock dividends plus live off 401k interest" meme.
Find another retard to buy your retardedly overpriced cardboard box.
Also, something always needs fixing, and last I checked, you just also renting from your local government. So after you spend 30 years paying interest and taxes, taxes will remain.
The irony is, as you hope your property value goes up, because "muh net worth", your taxes will go up with it.
COPE MORE
Easton Howard
Have you ever met a boomer? And I am not talking about the Zig Forums shithead definition that calls me a 28yo boomer I am talking about my parents born 1952 and 57. My dad left college and worked at UPS, then IBM, Countrywide 2007 (kek), then BofA where he finished his career. To say that all boomers had shit handed to them is disingenuous and make you sound like a lazy idiot. Work for something, I will admit that the competition is a lot harder and automation is a factor, but actually apply yourself instead of blaming boomers and the "ponzi scheme" of not wanting to pay rent premium forever.
Mason Nelson
>OP is mad because his NPC brain believed the "get degree, buy house, invest 401k, social security plus stock dividends plus live off 401k interest" meme. i'm 30 years old and saving for a 20% down payment in a high cost of living area. real estate is overpriced and a massive scam, but renting for life is more retarded by several orders of magnitude for the reasons i outlined in my original post. >Also, something always needs fixing, and last I checked, you just also renting from your local government. So after you spend 30 years paying interest and taxes, taxes will remain. read the original post, brainlet. you're paying for this when you rent, too.
Jaxson Phillips
Don't explain it to him.. he thinks that the prop tax isn't figured into his already inflated rent.. if he doesn't get it by now.
Eli Sanders
continually blows my fucking mind how financially retarded most people are. i realize life isn't a min-max contest but god fucking damn.
Gabriel Perry
Never said they didn't work for it. In many ways I'm a 33 year old boomer myself. But the idea that the time and place you were born doesn't determine a lot is just wrong. My own parents are boomers. I don't really blame them. Had I been born a boomer, I'd probably be a product of that generation. But if you're a millenial or younger, and you understand the system, and you decide you love, shame on you. Many of us here don't want to do anything more than we have to to help this system survive. >makes you sound lazy No. What sounds lazy to me is embracing this system just to get yours, without pausing to look and see what's happening. Overpaying for a piece of paper because you were told that's the way to make it, buying a house because "it's the biggest investment of your life".
Justin Perry
I lurked biz for awhile but was tired of the crypto threads (that seems to have gotten 10x worse now). I spent some time saving up and learning about the history of stock trading up to the current markets and researched homes in my area and with an little more capital from myself or a willing buddy to come with me we can easily finance something and have a cool little place to ourselves. I came back to biz recently and realized that is basically like Zig Forums level of intelligence still even regarding finance
Brayden Hall
sir please buy shitcoin man moon guarantee by vishnu please sir 1000x end of month sir
Jackson Walker
>20% down payment in a high cost of living area
Shouldn't have missed the bullrun then, debt slave.
Nathan Walker
If you don't want to buy a house nobody is forcing you m8.. but typically people like the idea of a sound investment especially a tangible one. But the purpose of this whole thread is weighing pros and cons of renting and buying and as long as you aren't "overpaying" then long term buying seems to be a better option to renting. Both are a trade off of money for living space if we are totally technical about it, only one of them entails a sense of ownership.
