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

[Splash]

It's not a flex until its all paid and I got two of em and even then who you really flexin on
I personally know 2 people that lost their houses and another I used to work with over the pandemic, shyt will feel like its yours... Till it aint

 

[Sad Bunny]

It's "house blindness" that trips people up. People be like "Only $2200" for this $500k house?" Not realizing the loan company ain't add in the escrow costs yet and then there's the usual bills of a house that can turn that 2200 into 3k a month when all is said and done.

Another mistake people make is factoring in the assumption that their career will grow and make them high payments more palatable. COVID came out the cut tore people up with the layoffs and pay cuts.

The estimated escrow costs were included in mine. But I’m naturally Overthinker so maybe other people don’t think about all of those things

 

[UberEatsDriver]

People with mortgages get foreclosed all the time.


Renting or owning the flex is to make money and afford your lifestyle.


Financial counselors like me don’t take these post serious.

 

[Menna]

a mortgage can have you stuck...rent doesnt ...real flex is buying in cash brah

 

[Phitz]

I'll knock that house down before I lose it to property taxes.

 

[Phitz]

Leaving your kids a paid off house >>>

and they have to pay property tax, and if the value of the house has increased alot they pay MORE property tax

 

[Wildhundreds]

and they have to pay property tax, and if the value of the house has increased alot they pay MORE property tax

If property tax was $5k a year, for example.. I think most able bodied individuals could pay that working at these plentiful $15hr minimum wage jobs.

 

[NobodyReally]

How about this - flexing is not a flex. Who are these people flexing for? Whenever I see someone flexing anything, I immediately think they're insecure or lacking something. I'm much more interested in the people who don't flex.

 

[Sad Bunny]

and they have to pay property tax, and if the value of the house has increased alot they pay MORE property tax

In most areas……Property taxes and insurance are cheaper than rent though

 

[Sad Bunny]

If property tax was $5k a year, for example.. I think most able bodied individuals could pay that working at these plentiful $15hr minimum wage jobs.

Exactly. Plus Social Security and retirement funds etc.

 

[JordanwiththeWiz]

Judging by the responses I don’t realize how important real estate is to net worth. Real estate, investments and building credit are the key to living comfortable. I was first person in my family to break that cycle and becoming a home owner. Honestly if you can start getting into investing, purchasing a home and working on your credit when you’re young. You’ll be so ahead of your peers who lack hindsight. That’s what keeps the class gap. People don’t realize if I start investing a $100 a month into CDs, bonds and the stock market. Every time your income increases, you invest a little more monthly. Next thing you know, you sitting on a nice chunk of money with a house that paid off when you in your 50s. You add life insurance to the equation now you setting up your kids to be well off. That’s when I was 24 years old, I got 1.3 millions dollar worth of life insurance. Just in case something unexpected happens I don’t want my family to burdened with my death and need a gofund to bury me.

 

[RareHunter]

If you knew the French definition of mortgage, you would realize you haven’t said anything too much moe better. Then you need land to really talk.

 

[Michael's Black Son]

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.

 

[GreenGrass]

i'm still waiting for 3d printed homes to become mainstream so homes can be more affordable.

see video below


flexing is when you have your home paid off but that should be kept to yourself

 

[dizzy4111]

Hearse ain't got no U-Haul behind it