Why do zoomers get so mad at the suggestion of buying a house? Do they really think they need to cough up $300...

why put $40k down on a house or whatever when you could rent for $10k that year and invest that $40k into bitcoin on a nice dip? Eventually trading your way to $300k in a year and buying the house in cash instead of spending 30 years paying it off

Lol debt is cancer. Loans are only acceptable in business with a full business plan and repayment scheme, not for houses, cars, collage, TVs, or holidays. Get fucked Jew. I would rather live in a shitty state owned house or a tent. And I’m very anti-commie but usury makes me sick.

I'm a millennial who just bought a home. Rent never really bothered me, honestly, as long as the landlord was responsive with any requests I had. I could have invested the down payment rather than plopping it down for a house. I feel no different as a "homeowner" than I did as a renter, other than there is just a lot more work involved with owning a home

>just go to college and take up $50k in debt
>just buy a car and take up to $20k in debt
>just buy a house and take up to $300k in debt

what the fuck is wrong with boomers. why do they love debt so much

buying a house is fucking stupid for many people, don't let these boomers fuck with you. you're essentially tied to a location for 20 years and you get absolutely fucked if you fix up your house in the form of raising annual property taxes. so yea let me just put 20% down, be locked into a 20 year mortgage, assume all maintenance responsibility, pay scam home insurance and then get ass raped every year by uncle sam who wants his share as well.

fuck off rent boy, my mortgage is cheaper than most rent around here, even with utilities added.

yet you're probably paying rent that is paying off somebody else's mortgage

> spending 30 years paying it off
it only takes 30 years if you make minimum payments every month and live off a shitty salary. Not everybody gets the privilege of being a neet crypto trader living with mommy and daddy, mortgage makes more sense than rent.

>Dude just cough up $50k for a down payment then be a mortgage slave for 30 years

nah im just gonna keep living in my parents basement and watch my money pile up in my bank account thank you very much Mr. goldstein

>zoomers
>people

They can live in the streets like the animals they are

I bought a house, and is fucking great.... did it in 2017 selling eth at 1350 usd...
Third world country house tho, but it's mine. I don't owe a dime...

It's a solid advice, but in USA with affordable houses ranging from 200k to 400k... well that's insane...

being mobile is more valuable than having a home. I’m a millionaire on paper and I still rent. if I find a better job offer anywhere in the world I can pick up and go at the drop of a hat. I also put all the money I would’ve spent on home repairs, insurance, taxes, etc into stocks and crypto and it grows exponentially faster than the boomer real estate market. I’ll consider buying during the next RE crash.

fha loans take less than 4% down

Because it wasn't an issue for them, everyone could afford it easily and pay it off easily
That's why they're known as the entitled generation

HOW CAN I SAVE UP A DOWN PAYMENT WHEN I'M A FUCKING RETARD? DID YOU THINK ABOUT THAT?

No you're not. If you don't own anything, you're not a millionaire on paper.

>mortgage makes more sense than rent
only if you’re going to live in the same place and work for the same company for your whole life like a fucking boomer wagecuck

and then you can die alone in your parents' basement with a big number in your bank account, congratulations you won

what if he has a million in cash genius

you can sell your house lol

when you pay a mortgage you're building equity. When you pay rent you're building nothing

you should know this though you're a millionaire after all

>loan is necessarily collateralized by the home/land
>still charge you an extra (((premium)))
oy vey we must be appropriately compensated for this (((risk)))

>what are equities
a house is not the only asset with value grandpa. take your meds.

Debt is how you stay a part of the system, working 9-5, and incentivizes you to accept status quo and routine while not coming up with too many new ideas or generating competition for other people in the market

"sorry user, due to economy your house is now appraised at 50% of what you are paying for it. nothing personal kid"

>you can sell your house lol

ya to who? it's not like it's a guarantee

With remote work becoming the norm, there is even more incentive to have the ability to be mobile IMO.

I live in a city-owned apartment (europoor) which has somewhat lower rent than regular market rates here.. Not really sure if it's worth buying a place right now, since I can save/invest most of my income. Also not having to worry about maintenance or stuff like that seems like a huge advantage to me, as I have absolutely zero relevant skills when it comes to such things.. Anyway, thanks for reading my blog

>when you pay a mortgage you're building equity

also, lmao. literally S&P500 outperformed even the most cursed housing markets. build your equity retard. I'll buy more SPY/

Guy in that tweet is smart money, people complaining about this tweet are dumb money.

>work remotely
>no need to be near office
>this means you should be more mobile

if you can work from home why would you need to be mobile

the absolute state of this board

>
He doesn't want to work remotely from Epstein's island.
ngmi

rent free yeetfag lmao.

the house is an asset that typically appreciates. that 300k debt libaility is backed by an asset that costs 300k
taking out debt for cars or degrees is pretty dumb, though, i agree

I suppose this argument makes sense in the case that you're able to buy more of S&P500 or whatever when renting, compared to when you have to pay mortgage etc.?

you're confusing so many things in this post. you're not coming out ahead.