Why the fuck does everyone act like it’s so much better to buy than rent?

Enjoy living in your mothers basement. NGMI

>pay to live someplace and get nothing to return
>pay to live someplace and get $200k+ in return
really does... make you think...

Because normies don't know shit about investing. Cheap popular rental price apartments and small homes rent for MUCH higher yeilds compared to their purchase price, whereas city centre and large houses rent for terribly low yields, It would be better to buy an apartment or apartment building and then rent your home as you get more on the same money.

Then there is my extreme version where I own 7 Rental units and live in a rented ensuite room for peanuts

AHAHAHAHA. WHERE THE FUCK ARE YOU GETTING $200k RETURNS ON A PROPERTY. YEAH MAYBE IN 30 FUCKING YEARS. Mother fucking deluded kunt.

How about you rent a place for $1k a month. A nice place. You take the $15k you would’ve put into a deposit, possibly more Cos getting a property without $25k deposit isn’t that easy and you invest that money in some place. All you gotta do is double your money + work to have some nice returns.

If you’re renting and just burning your excess income then yeah it’s not ideal. But if you have a plan renting is far more suitable for the ambitious young person.

there are tons of house-owning related costs you never stop paying either.

The power is out in my room, I probably just need to flip or replace the fuse but the fuse box is locked and I have to wait for my sand nigger cunt landlord who lives 5 hours to come fix it.

>thinks landlords set rent prices

you crack me up, Zig Forums.

owning a home is the biggest liability ever. all these faggots talking about how it's better clearly have never owned a house before. once you own the house, you still pay property taxes, utilities, and upkeep. god forbid you live an area with a HOA, then you've gotta make sure the upkeep includes shit like keeping your yard/front of home look nice. renting is the smarter choice because you're not responsible/liable (unless your a moron and didn't read the contract kek) for any kind of maintenance or upkeep. that being said, the absolute chad play is to be the landlord and collect rent so other people pay for your living expenses.

tl;dr

renting is smart, but owning 10 homes for 9 families is smarter.

>not having access to your own fuse box
drill it out

Toronto

retard

it's called equity you retarded nigger.

Congratulations. You have enough critical thinking skills to question "muh equity". Reality is, exposing a massive amount of your financial portfolio to real estate (a bubble pumped by boomers and Chinese) is completely retarded in the current market. You're better off renting for 1k per month for 2-3 years and buying when it crashes than holding a $600k mortgage and getting JUSTed when prices drop 20-30%

>Why not just rent and invest the rest of the money instead?
This only works if you are in crypto

Rent is smart until it doesn't

>he STILL thinks housing will crash

>You really don't understand basic economics my friend

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Renting is good and in expensive markets it is usually the optimal decision. Personally I find apartment living very comfy. Security and maintenance is taken care of for you, dont have to worry about porch pirates, no street noise, don't have to worry about your neighborhood getting "enriched" and tanking your house value

>it’s called equity

Equity that you can’t pull out of, barely rises, has a chance to crash, will burn the fuck out of you in maintenance fees if you don’t know what you’re doing and just overall ruin your quality of life.

Lemme tell you something chump. The fact that you are on this website tells me you do NOT have what it takes to pull off real estate. Get it fucker?

rent is comfy, because it's some kind of check point. You have a house that earns you respect and is in a way a good investment. It's essentially boomer way of thinking, though not wrong. Rent is a way to spend some money that will never come back to you, in no way. Therefore, some people feel like it's a complete waste, and getting into the housing market is a ASAP thing, no matter how shitty the house is.

Renting is good because you pay and that's that. You don't spend more than an hour paying rent if you have the money, you just pay it on time. Not stressful, and it's easy. Better in regards to looking for new jobs or other places better for you.

Rent is for us, OP. We are all in. I'm not stopping when I get a house, I'm not stopping when I can afford a boat, and I will certainly not stop when I can afford everything on the list. Buying a house will shift your focus from achieving more to maintaining your assets.

I don't give a fuck if I rent for another 100 years, I will make it, and make it big. I will move wherever I want to get closer to my goal. People who buy houses aren't all in, and scared of losing their gainz.

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I meant buy if comfy, kek

Are you really this retarded?

I bought an appartment 5 years ago for 225.000€

Every year Appartment prices where I live raise with +- 5% a year, you will have your returns far quicker than 20y, normally within 10 years you would be there.

That is not bad taken into consideration that it is a solid investment, unlike crypto.

In one day you can pull a 2x by trading.
You're genuinely pulling a 2x in 10 years instead of 20 and you're fucking amazed?

>That is not bad taken into consideration that it is a solid investment, unlike crypto.

jesus fucking christ, thinking mentality I'd expect out of Zig Forums or /adv/.

No idea. If you wan't to live outside of the system you more or less need to rent if you want to live in a home.

Housefags don't consider that you still pay rent after you pay off your house. Try not paying property tax and you'll find out who really owns your house. $5k per year for a median home where I live is 75% of what I pay in rent alone.

ppl who say that have never owned a house in their life and dont realize keeping up a house is a full/part time job. especially when youre house is over 2,000 sq and 5+ acres. renting is awesome when youre working full time, owning a house when youre not working is better.

2x on 1000$ is 2000$

2x on 200 000$ is 400 000

I make a lot of 2x - 5x with crypto every week, but you don't have to lay all your eggs in the same basket

yup, plus costs of repair and maintenance. oh and home insurance. and you gotta pay paco to do yard work to keep up appearances of course or the neighbors will complain.

>thinking random shitcoins are a better investment than property

ngmi

It certainly did in 2008, it can again.