Mortgage Cucks

i don't know why people think there is a static answer to this question. mortgage vs renting relies a lot on personal circumstances, location and economic environment. there is not a clear cut answer to this.

yeah I always see this shit but have yet to see anyone with a valid reason backing that statement.

By renting and living cheap, I'm able to invest 50% of my net income. What's your excuse, poorfag?

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>be poor flyover
>no high paying jobs around
>need to base life around reducing costs rather than increasing income

If you work/live in a big city, it's smarter to rent. Fuck paying 1 million for a shack or buying a condo

lmao cope and uneducated

It'll be worth 40 million but that's only worth 29k in today's dollars.

>He thinks that you can just live in the same place your whole life in the 21st century
>He think that the concept of job security is still a thing.
Kek

based, this

40 years? Are you joking? Of course anything will be worth 10x more in 40 years of inflation. That is guaranteed. The only argument you can make is maybe houses go down in the next few years. But people have been saying that there will be a crash for 10 years now. And 2008 was only like a 10-20% dip and recovered a few years later.The fact is mortgages are all owned by a government run, money loosing corporation and system is rigged from the top down to continually inflate asset values. Because guess who owns most assets? The people in charge. That won't change.

Imagine being tied down to living in the same place for 15-30 years straight while also paying debt to a bank lmao

imagine not putting a permanent cap on your largest expense

Would the smartest thing be to buy an acre of land? that's what I am going to do. Brb calling based dept.

my largest expense is taxes :^)

You faggots are poor and it shows.

If the choice is between throwing your money into a void and actually owning something and building equity, why is that even a choice at all? How am I even on a board that purports to be about finances and wealth and people here advocate for renting over owning?

imagine worrying about minimizing expenses over maximizing income

I bet you work as a cashier and spend your downtime dreaming about the day you finally make it big

I work as an Ag Underwriter and I know these hillbilly fucks make bad choices, but I can tell you right now the most wealthy people that I approve/deny loans for have both an insane amount in their brokerage accounts and actually own real estate (mostly farm land, but some do commercial). If they cannot own land due to outright cost or no available land close by to buy, they will rent acreage from other farmers. This is a long winded way of saying there are benefits to both and often these multimillionaires are cash poor, but dirt rich. It doesn’t matter which is better if you can utilize both effectively. These bait threads are stupid and I believe every one should one real estate to live in as well as to rent out so if you can’t then you utilize renting until you can.

multiple acres of land user. 40 minimum to qualify for USDA loans and large enough to definitely come with deeded water and mineral rights. You're on the right track but dream bigger.

Also, minimizing your expenses is maximizing your income you dimwit

The "national" debt increased by over 50% between 2008 and 2014. The debt is increasing with every print. Give it 2 months.