>being the banks bitch for 20 years gambling that you'll have income for decades
Who the fuck is retarded enough to get mortgcucked?
>b-but once you've paid you own something
Doesn't disprove my point. If you rent and you enter into an unlucky period of no income you don't get cucked into outer space. Also you can also just live with your parents while you save to buy the house once you can actually earn it. Financing for decades is retarded.
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If you rent and enter a period of no return income, you get evicted. You have a lot more options/leeway with a mortgage
I bought my first house in the dip of Spring 2019. I paid it off in 4 years. I sold it in Fall 2015 for about a 30% gain. I rolled that capital into bigger better house but with even better interest rate and still only a 100k mortgage. I am paying that off quickly as well, if not as quickly as my sprint on first one. Some day maybe I will rent to you.
2009*
Trypical retarded incel that biz births.
I know you live in mums basement so you have no grasp on reality but most people either have a rent or mortgage, at least with a mortgage the money you pay goes to you in equity not someone else.
Fuck you're a waste of life.
Nobody here wants to live in your cheap house in a flyover state
Jeez, you sound about 12. You want to rely on Mummy & Daddy? Try growing a set of balls and stop trying to convince yourself that wussing out makes you a financial genius. It just makes you unassertive and unattractive. How long do you plan to live with your poor suffering parents? 25 years? I've not even met you and I can tell you'd be a nightmare. How must they feel...
retard
>every housing market is the exact same, and has the exact same risk-reward
Lol imagine being this deluded, then calling someone else a fucking waste.
lol
loololol
Renting a house or renting money, you're a slave either way. Only savers and investors will make it.
>gamble your life on shekelbank to be "mature"
good goy
Show me a housing marke anywhere in the world that has gone down over the last 10 years (half an average mortgage term) you thick cunt
>Paying more in rent than a mortgage payment would be for a much larger place is retarded
>Lighting money on fire is somehow better than building equity
>he thinks hes a big deal landlor buying shithouses
eventually you'll be fucked unable to pay a mortgage specially on this lockdown distopia.
>implying im not living with my parents while saving 10k+ a month because of my online gains
>meanwhile you are on panic attacks daily hoping you can pay your mortgage
good deal
>missing the point entirely
Lololol you really are dumb as fuck
opportunity cost is a thing, you fucking mong.
>im cucked by a bank for 20 years im taking mature decisions
lmao
Nah, I’m just showing OP error of his logic with my own story.
I live in one of the most beautiful places in the country. Unfortunately/fortunately I see real estate around here skyrocketing next 15 years
Which state?
Oh congrats user, so you mooch off your parents and have no idea how the world works? Btw, I make enough in 2 days to pay my rent, and built myself up from nothing without help from my parents living on my own since I was 18. And I do still rent, but that doesn't mean what you're saying is any less retarded. I only do it because it's easy with less responsibility than homeownership, but you'd have to be a deluded moron to think it's the better financial decision.
You will never know what it feels like to be actually self made.
You will never know what it's like to not be sheltered.
You will probably never actually have an asset in your name.
Sorry no
>Not just getting a cryptoloan to purchase a house without having sell a single linkie, avoiding paying any capital gains taxes
ngmi
homeownership
>mortgage + taxes + maintenance
rentcuckery
>landlord's mortgage + landlord's taxes + landlord's maintenance + landlord's profit margin
30 years of home ownership
>taxes + maintenance + 6 figures equity
30 years of rentcuckery
>landlord's mortgage (in perpetuity) + landlord's taxes (in perpetuity) + landlord's maintenance (in perpetuity) + landlord's profit margin (in perpetuity) + $0 equity
the fact that you're unable to understand this very simple calculation proves that you will be poor and stupid for the entirety of your idiotic life.
Heres a story.
I bought my first house 6 years ago, sold it this year for £120k profit. The cost of my mortgage payments over those 6 years was just under £60k. Nett profit £60k.
Had I rented the same house the 6 years as my neighbours did it would have cost £73k.
By mortgage I'm £133k better off.
Who's the cuck?
unless you buy an asset that generates more income than the mortage payment then you'll unironically never gonna make it
also consider that your monthly mortgage payment is fixed for the duration of your mortgage term whereas your rent will likely go up with (((inflation))) every year.
It depends user. how are you gonna spend all that time you save from mowing your yard, doing repairs ect.
If you spend that time on productive shit like reading about chainlink hehe then you will learn how to multiply that savings and hopefully out perform the inverse on the interest money lost on that mortgage
>You will never know what it feels like to be actually self made.
cope
>You will never know what it's like to not be sheltered.
uhm, good?
>You will probably never actually have an asset in your name.
home you live in is a liability, not an asset
What if you bought 30k$ tesla, amazon, whatever and 30k BTC or ETH 6 years ago user
That would be great but the point is, unless you live at home with you parents you have to grow up at some point and you have to either pay rent or a mortgage, at least with a mortgage you get the gains plus any increase in property value, rent is literally just paying someone else's mortgage and thinking you're any less of a cuck is just stupid thinking imo
>he rambles on about being "self made" living in some shitty apartment with miniscule investments because his parents didn't love him enough to let him live in their house for a few extra years to allow him to build a large investment portfolio
living at home isn't about love, I was 18 when I moved out. I'd rather rough it than be an embarrassing incel living at home. The fucking state of biz
where do you think you are
Kek, fair point