Low interest rates have made it so mortgages have blown the fuck out to huge amounts that you now must borrow to buy a house. You’re essentially signing up to be a slave for life. There are also a ton of maintenance costs to owning a house.
You’re better renting and investing the rest of your money. In the long run the amount of money you save renting, that you invest, works out much more. Your house won’t pay you an income at an point in life, it will only cost you money, but the money you could have spent on investments will pay off bigly
This isn’t the 1990s or before where home ownership was actually a good thing and was better than renting. The mortgages you must take on now are fucking insane, and you have to either be a brainwashed by your dumb ass boomer parents, or you’re just flat out ignorant of how the world works now.
So again, why is Zig Forums so obsessed with home ownership? Do they not realise how times have changed?
almost all homeowners rented at some point in their lives
almost none of them decide to go back to renting
perhaps it's not as terrible as you pretend.
Hudson Martin
>Low interest rates have made it so mortgages have blown the fuck out to huge amounts that you now must borrow to buy a house
Uh, what? Lower interest rates, lower amount to borrow.
>In the long run the amount of money you save renting, that you invest, works out much more
Most mortgages are cheaper than rent. So how are you saving more money?
>Your house won’t pay you an income at an point in life
Fuck I’m losing braincells. You actually pay to own your home, unlike renting and paying for your landlord’s monthly vacations.
>you have to either be a brainwashed by your dumb ass boomer parents, or you’re just flat out ignorant
You sound 12.
Noah Bennett
I went from home owner $3500 mortgage to $800 rent share housing with my cousin. I don’t have to pay any local council fees, don’t have to pay any maintenance costs, I don’t have any responsibility for the house besides keeping it clean.
The amount of investing I’ve been able to do now is is fucking good. I actually have thousands every month to invest instead of it all going into a house.
The flexibility of renting is huge. Now with coronavirus it’s even easier to find new places to move to and rent because landlords are desperate to get tenants in.
Now I have another cousin who might move in to this house we rent now, which will lower my rent split from $800 to $530.
Tyler Young
Op here. I’m in Australia. Not the US.
IP changed I’m still OP.
Carter Perry
You are flushing your money down the toilet every month if you rent.
I understand you city faggots don't get it.
But I'm over half way into my 15 year mortgage. That's close to $100k I have in Home Equity now. Maintenance costs? I had a wire in my A/C unit burn out one time... that was $150 fix. Other than that my maintenance costs are basically the gas I use to cut the grass?
You can't beat the feeling of knowing you OWN what you live in. You can do whatever the fuck you want. Want to turn your downstairs into a fucking theater with a 15 foot screen and audiophile level sound system? Want to put rubber flooring down in one of your rooms and turn it into a weight lifting/boxing room? Want to turn your music/movies up real fucking loud and have the bass rumble your chest? Want to grow some weed in your basement in a tent? You can do all of the above, I did. And it's been awesome as fuck. Plus I have $100k in equity.
How can you even argue against this? Again, if your a city faggot cuck... well get the fuck out of niggerville.
Aaron Stewart
A townhouse here costs $800,000 that’s on 1 block connected with 4-5 other townhouses one the one block.
Why would you sign up for a near million dollar mortgage for something that has a shared driven way with 4-5 other townhouses?
If you want to buy a single house own it’s own block here you’re looking at least $1.2 million.
Angel Moore
Also, the $1.2m house on its own block will be an old dump. It won’t be a new house. The reason the town houses go for $800k+ is because they’re all newly built and THEY DO SELL, yes people pay near a million dollars even just to share 1 block with 4-5 other townhouses,
William Fisher
OP here now again
im a huge faggot wagie in poverty and i suck dicks
daddy your turn again
Jacob Ramirez
What I said doesn't apply to citycucks. You're fucked. Of course you have to throw your money away to rent and you're trying to rationalize it.
Alexander Gonzalez
I'm 50k studebt debt at 27 ill never own a house
Chase Thomas
>I'm over half way into my 15 year mortgage >You can't beat the feeling of knowing you OWN what you live in. This does not compute. The bank owns your home until you pay it off, dude.
Henry Martin
You'll be fine. Just buy as soon as you can since prices keep going up yearly.
Aiden Jackson
>city cucks
So 95% of 1st world countries? You heard of urbanisation you dumb nigger?
Also I already have $2000 month in passive income from my investments, which is going to keep growing as I continue to invest. These investments are what I made after I sold my house and got out of the mortgage slave shackles
Anthony Wright
Anybody that steps on MY property can catch some 00 buckshot to the face bitch. My castle.
Yeah, I could pay off Sheckelstein so nerds like you can't say "but the bank actually owns it", but I've got a %3.25 interest loan that I'm using to get rich off Link.
Its the same here. $900k for a shack. Even at 3% interest for 15 years thats not only over $6k per month, but thats $220,000 paid in interest. Literally more than $200k flushed down the jewish toilet.
$1,200 per month paid in interest. Why would you sign up for that?
Adrian Smith
The qualitative argument I totally agree, and you forgot to mention mortgage tax benefits because you were too busy calling strangers cucks.
This is how I do calculations.
Say your total home value is 200k. 20% of that as downpayment is 40k.
If you invest 40k into something conservative like a tech ETF ( I'm thinking Vanguard's VGT, but more aggressive ones include ARKW or stocks like TSLA, AMZN, GOOG), Its super easy to get 20% returns YOY. In 15 years, 40k compounds into 616k.
Subtract 15 years of rent at 1.3k,
12*15*1.3 = 234k 616 - 234 = 382k
So the returns are pretty good. In the end you hold liquid assets that may not be as tax efficient, great for moving.
Samuel Lopez
Cityfaggot calling a homeowner a dumb nigger. I'm 15 minutes from 2 Major US cities. This nigger thinks all of Australia is a city. I hope a nigger Kangaroo guts you cunt.
Mason Reed
15minutes by what? A jet?
Kevin Collins
and depending on specifics, an investment in tech is way less risk if the economy takes a shitter.
IT sector returned ~36% in 1 year returns, including the huge dip in March.
Levi Howard
Keep paying that rent. You're a genius. I'm selling my house ASAP and finding some shithole apartment surrounded by niggers in the city to rent for double what my mortgage was.
John Sanchez
He probably lives in bum fuck Oregon near Portland and Seattle bragging about living in the sticks.
Hunter Jackson
My mortgage was $3500/month
My rent for this house I share with my cousin is $1600/month and we split it 50/50, and we have another cousin moving in so it’ll be 33/33/33 soon. The investments I made after I sold my house bring me in $2000/month in passive income, this will continue increasing as I invest more.
Cope harder because I saw the light, mortgage cuck.
Michael Mitchell
Look up FHA loan cuck. 3.5% down.
Super easy to get 20% returns. kek.
Anthony Diaz
You city-faggots are despicable. Cope.
Can you turn your anime down faggot? Jerome is about to bust your door down.
Luis Parker
Hey mortgage cuck
1. There are no African American niggers in Australian cities
2. Aboriginals live in the sticks with your kind of hill billy ass
Cameron Garcia
Lower interest rates -> base cost rises to compensate.
Base cost rising -> harder to meet down payment requirements
Down payment requirements rising -> forced to pay for PMI
Buying one now seems like a huge waste of money.
Adrian Morgan
Damn imagine living with your cousins and their cousins lol No thanks
Dylan Jackson
Cause it’s a fucking meme and these guys fall for everything. They need easy explanations and rules to sort their fucked up world and make them feel better about themselves.
Ian Cooper
Better than coming to an empty house everyday. We split bills and food aswell.
Shit is a huge money saver, money saving they grows my investments.
You’re going to spend your entire life cash poor and asset rich, an asset you can’t do anything with
Charles Edwards
Brb trading and instantly getting money
Brb house cuck and have to wait 6 months to liquidate house and pay lawyers
Camden Nguyen
Pol is stuck in the trad mindset
They think traditional homeownership still exists
They’re the banks ideal targets, the people who prefer to live in a fantasy world that doesn’t exist anymore, the big lenders make so much money off these fools
Christopher Flores
>A townhouse here costs $800,000 that’s on 1 block connected with 4-5 other townhouses one the one block. where the fuck are you cunt?
