Paying rent is not a flex. Paying a mortgage is. Just letting y’all know.

[bnew]

I own three houses - one in LDN and two back in Africa, giving me a total $4k a month in rent-

Expenses are $4K annual Council Tax in LDN and $40 (no typo) annual land tax for the African properties.

Expand your worldview brehs and you shall eat good.

where in africa? did you use an LLC? did you acquire the properties in-person? how much were they? are these middle-class properties?

 

[Amare's Right Hook]

The words in this post are a flex.

 

[trillanova]

eminent domain says otherwise...

 

[Phitz]

Plus the interest you pay on a 30 year, endless repairs. It’s a money pit

An ex of mine moved back to her mom, because she couldn't afford repairs. She called it a money pit

 

[BlackBall]

An ex of mine moved back to her mom, because she couldn't afford repairs. She called it a money pit

Yup unless your shyt is appreciating 2-3% a year you’re losing in the long run

 

[Jekyll]

Plus the interest you pay on a 30 year, endless repairs. It’s a money pit

Lol I’m paying like 2.5% in one of the most expensive markets in the country and my credit isn’t even good. “Endless repairs” like what? It sounds like you aren’t properly inspecting places or not maintaining your home. Alot of people don’t have to touch their homes until they sell and when they do its only for minor fixes or renovations.

You have to be able to afford your property and that can be a challenge for some but all this doom and gloom is just silly. I know plenty of people of all types of income who have had homes for multiple decades. Some of them were out of work for whole years at a time and still didn’t lose they shyt.

 

[The ADD]

so housing yourself is a flex? since when did necessities become a flex? now if you living in a super luxury apartment or malibu mansion, that's a flex, but your shyttily built 4bd/3ba cookie cutter home aint a flex

^^^

 

[Armchair Militant]

I’m tired of this narrative. You can build wealth while renting.

 

[NaijaProdigy Redux]

People always want props for basic ass shyt

 

[IsThatBrothaMouzone?]

Having enough money to hire a team of accountants and lawyers to help you legally avoid paying most taxes.....that's a flex.

Living in luxury without having to work at all.....that is a flex.

Having your mental and physical health....that is a flex.

Nothing wrong with owning a home but...that's not really a flex. You're paying a mortgage. Flexing means you can buy that same house outright with cash plus several others and hold those assets in a trust......that's a flex.

 

[Rawtid]

Being financially stable is the flex. fukk a mortgage or a rent.

 

[filial_piety]

The responses in here really show that people don’t like to be flexed on

Either way it’s all relative…getting a house when you’re 20 IS a flex…while getting one at 40 isn’t

 

[dora_da_destroyer]

The responses in here really show that people don’t like to be flexed on

Either way it’s all relative…getting a house when you’re 20 IS a flex…while getting one at 40 isn’t

It’s really not, if you live where homes are cheap, buying in your 20’s id super common for the middle class and up (ie my friends who lived in Atlanta, Houston and Chicago after college all bought townhomes/condos) if you live where housing is expensive (the bay, ny, dc) and buy in your 20’s with your own funds - not a gift from your parents - the flex is your job/success (or luck like being at a company that ipo’s) that allows you to put up the cash required to purchase a home - but the house/condo ain’t a flex, especially given the lack of luxury/space you get for the $$ in these regions


now buying a multi family that allows you to live mortgage free + cash flow is a flex

 

[Ya Sinning Mane]

Only damn thing that’s a flex is the instant equity that comes with owning and IF you find something clever to do with it eventually.

unless it’s p*ssy, fukk renting.

nikka here be spitting the truth.
I owe u a rep when they let me