Is buying a house in your 20s really a smart idea?

NoGutsNoGLory

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This shyt always cracks me up.

The mental gymnastics people will go through to justify paying someone else's mortgage. :mjlol:

If you like renting just say you like renting. No shame in it.

Dudes really out here waving off tax breaks, ownership, equity... all because they don't wanna replace a $300 water heater once every ten years. :dead:

Also, all those maintenance and repair costs are built into the price of your rent. You don't really think landlords are out here taking losses because of roofing repairs do you?

:dead: :dead: :dead: :dead:
Im not gonna be a pawn in some Jew bankers schemes breh. The housing market was a massive bubble for so long and now its happening again, houses are not and have never been a sound investment.
 

BaldingSoHard

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Im not gonna be a pawn in some Jew bankers schemes breh. The housing market was a massive bubble for so long and now its happening again, houses are not and have never been a sound investment.

Whether you conform or rebel, you're still playing the game.
I mean you have to pay money to live somewhere, right?
The way I see it, I can pay my own mortgage and get the tax breaks and appreciation and ownership.
Or I can pay someone else's mortgage and they get the tax breaks and appreciation and ownership.

I mean SOMEONE is gonna own the property you're living in. Why shouldn't it be you, breh?
 

Solano707

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What was so bad about what was said :jbhmm: ??


... If you are black and trying to play the "my house is an investment" game you will lose every time. If something is not generating income then it is not an investment imo"

What has being black first have to do with anything with buying a house other than posting a retarded link? True, we as blacks are disefranchised, but that doesn't mean we can't make moves and get a foot hold in life.

Second, a house IS an investment. If you are buying a house to keep and maintain for you to live and retire in OR you plan on using it as a means for rental property - EVEN if you break even, is it still in investment? Yes! Why? Because the renters are paying the mortage for you, therefore, the renters are building equity in your home. You have a home in your name that someone else is paying for, even if you dont see a dime direclty hitting your own bank account it still growing in equity.

that's why he giving out bad advice.
 
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Because the renters are paying the mortage for you

If you buy a property with the sole intent on renting, then that is a totally different ballgame... most people, including the O.P. inquire about purchasing homes for the sole purpose of living in them.... not using it as a rental.... even then, the rental property game can be a serious headache and may not be worth it for some....
 

Art Barr

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Don't listen to the financially illiterate brehs in this thread, a home that will grow in value is a good investment. Buy in an up-and-coming neighborhood, a neighborhood being gentrified, or a neighborhood being revived. Older homes that need less than 45k of work are usually a good place to start.
I know if I was currently in the market here in Cleveland I would buy houses on the cusp of Cleveland Heights and Cleveland near Case Western, or in a Black neighborhood by the Cleveland Clinic both areas which have had persistent growth the last few years, and a projected to have new growth alongside the urban development surrounding them.


Cleveland,.....

My nikka,......





NO!!
 

the bossman

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home ownership is always listed as a factor in wealth gaps between races...i assumed home ownership was a good idea but i aint an expert...and ive never heard paying rent mentioned as a path to building and creating wealth...
home ownership CAN be a good idea, if it financially makes sense for you. but it's not an automatic like some cats in here are making it seem like buying is always better than renting. that's typical propaganda that got cats in financially fukked up situations right now. two big things to look at are when you buy and how long you plan to stay. I bet you all the people who bought houses at the top of the bubble right before the market crash in '08 right now wish they were still renting at the time. Imagine you just paid 400k for this house and over night you lose half the value. :francis: Also if you buy a house but then plan on moving in less than 5 or 6 years, you'll probably lose money when you try to sell or barely break even, even if it appreciated a little in that time frame. There's exceptions of course but nowadays you really only see those financial benefits if you're in it for the long haul 15, 20, + years.

This shyt always cracks me up.

The mental gymnastics people will go through to justify paying someone else's mortgage. :mjlol:

If you like renting just say you like renting. No shame in it.
I'm paying for a roof over my head. Whether that goes to the landlord I'm renting from or whether that goes to the mortgage interest which is really just rent you're paying to the lender who's money you're using (because you didn't buy the house in cash :mjlol:) does it really matter? Most people do 30-year term loans so you're not making a dent on your principal for at least 15-20 years. go deep into debt just to say you have ownership and equity that gets eaten up from all the maintenance costs along the way anyways brehs :troll:

Dudes really out here waving off tax breaks, ownership, equity... all because they don't wanna replace a $300 water heater once every ten years. :dead:

Also, all those maintenance and repair costs are built into the price of your rent. You don't really think landlords are out here taking losses because of roofing repairs do you?

:dead: :dead: :dead: :dead:
:mjlol: this nikka has no idea



Whether you conform or rebel, you're still playing the game.
I mean you have to pay money to live somewhere, right?
The way I see it, I can pay my own mortgage and get the tax breaks and appreciation and ownership.
Or I can pay someone else's mortgage and they get the tax breaks and appreciation and ownership.

I mean SOMEONE is gonna own the property you're living in. Why shouldn't it be you, breh?
don't get it twisted breh, you don't OWN anything until you're done paying back that lender :ufdup:

go ahead and miss a couple mortgage payments and let's see what you own and what those tax breaks do for you then :sas2:
 

BaldingSoHard

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Don't get it twisted breh, you don't OWN anything until you're done paying back that lender :ufdup:


Actually you own whatever equity you've built in the property. You also own the sovereign rights to that property, despite having a bank lien.

go ahead and miss a couple mortgage payments and let's see what you own and what those tax breaks do for you then :sas2:

I'm not sure how tax breaks would work in anyone's favor if they're going through foreclosure... :huh: In fact I have no idea what this comment means at all.
 

Solano707

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Regardless,
head and miss a couple mortgage payments and let's see what you own and what those tax breaks do for you then :sas2:


Go ahead and miss ONE month of that rent you owe me... see I won't have you evicted. In Washington State, breh, you got two weeks to GTOH, or the sherrifs are kicking you out. Play with it. :sas1::ufdup:
 

BaldingSoHard

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some brehs think they know some shyt, but really don't know what this 'ism is all about :jawalrus:

Cats extolling the virtues of renting always sounds like a bunch of broke niccas making excuses imo.

Unless you live in NYC or San Fran or have a career that requires you to move a lot.
 

Solano707

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Cats extolling the virtues of renting always sounds like a bunch of broke niccas making excuses imo.

Unless you live in NYC or San Fran or have a career that requires you to move a lot.


Some times renting is a good option depending where you are in life. For me, I need a spot to call my own, no matter where I'm at.
 
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