Why do poor people choose to be poor?

Why do poor people choose to be poor?

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Why do incels choose to be incels?

I'm almost glad my Honda got totaled. Don't have to worry about that shit anymore. Always get gap insurance boys!

cringe

i have 530 credit and still got a better APR than that

Without them the ponzi scheme economy would collapse.

I felt like I was getting ripped off with a 1.99% APR on a used Acura 3 years ago......

I know laws force banks to not deny niggers for loans and they have to adjust their risk accordingly, but this really shouldn't be legal. It's like ripping off a child.

I used to work with a guy who had just immigrated to the states from egypt. He was like 19. He got a loan on an escalade and he said his interest rate was like 25%. I guess thats what happens when you havr no credit and are young and dumb

Poor people are poor because they take out mortgages and car loans. They're too busy trying to fit in and making banks richer to have trinkets, when they should be using 90% of their after tax income to invest and living a minimalist lifestyle.

anyone got the vw tiguan financing pic, I've seen it posted around /o/

financing was ended up costing the dude like 118k for a 30k car, a fucking tiguan lel

They can't delay gratification because they are literally retarded and they are slaves to materialism.

why do people rent?

it is because there are retards out there who have no idea what other options they have.

this dumb piece of shit sees "oooooo, new Equinox" and "I can afford the $900/month payment" and doesn't have any clue that if they simply spent 2 years repairing their credit they could have a fucking $70,000 car @ 84 months, 5% interest for the same payment

>500 down
lawd have mercy

how is rent anywhere near buying a car on those conditions?

Jesus Christ I thought my 4% rate on my truck loan was high lmfao

I just can't even

they teach you how to calculate interest in middle school american public education
anyone who wasted tax payer money that was spent to educate them about stuff like this and still falls for this deserves every bit of it

Fucking this.

I am so tired of seeing people with reasonable incomes go full retard in order to put on the appearance of wealth.

And I'm so tired of explaining to my wife that all of her friends that make the same amount of money as us aren't actually richer just because they have an enormous mortgage on a suburban townhouse.

Or they can just buy something they can afford in cash. Rich people don't put all their money in depreciating assets or pay interest.

Is that... 34% interest...?

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This totally fucks up the sexual marketplace. We live in a society where the hard workers, high moral people, have lower status, less options. And where the degenerates, and the lazy, get free money this granting them higher status and thus more sexual options. Money really is a magic trick

over the course of 30 years, a rentcuck will have pissed away $540,000 on rent @ the median rental rate of $1,500/month (pic related) this also assumes rent never goes up (lol)

net gain of negative $540,000

a homeowner will have spent $396,000 on mortgage payments (which include taxes and interest) over the course of 30 years and accrued ~$436 000 in equity (a $1,100 mortgage payment (includes taxes/interest) equates to purchasing a $180,000 house @ 3.5% down and 2.875% interest. home appreciates at the average rate of 3% a year)

net gain of positive $40,000

after 30 years, the homeowner comes out ahead of the rentcuck $580,000.

you can bitch about home repairs and then I'll just calculate the increase in rent and the disparity will be even greater

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Not really, only the most bare bones minimal amount, as in like a single chapter or day dedicated to it in Math class where no one pays attention. Finance isn't really taught in public school and there's no effort to include it in the core curriculum. Oh well, less competition for me.

But can I get a mortgage with no proof of income and no down payment?

>Nine Hundred and seventy five dollars and eighty five cents per month for EIGHTY FOUR MONTHS(seven[7] years) for a depreciating asset known as a car (not a house but a fucking car)

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Agreed, I took an entire investing class in highschool. Nobody aside from myself seemed to take any of the advice to heart. They are all broke now and I'm well on my way to becoming a millionaire.

The fact that rich people waste a shitload of money on boats counters your point

What kind of fucking wild shithole are you living in where you can rent a place under those circumstances?

I guess I got into an apartment when I had a job, now I’m just a crypto neet, so on paper it wouldn’t seem like I could qualify, but I can very much make the payments. But I’m not rich enough to pay cash for the entire house.

>Rich people don't put all their money in depreciating assets or pay interest

>The fact that rich people waste a shitload of money on boats counters your point

He said all, ALL. Learn to read you dumb nigger.

They lease/rent/charter the boat using internet from assets they own. Personally, the idea of chartering a boat creeps me out, because you never know what Cocaine/heroin parties/hookers/murders took place there.

>$180k house
>3,5% down gives you 2,8% intertest

are you retard?