Long term/short term benefits/opp cost are rattling people's brains. It doesn't really work well argue to people who invested so much into something, because they almost justify the cost, without talking about situations around it. You only know what you can afford, & what stage life you are on.
Rent they said. It’s cheaper they said.
- Thread starter Sad Bunny
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Long term/short term benefits/opp cost are rattling people's brains. It doesn't really work well argue to people who invested so much into something, because they almost justify the cost, without talking about situations around it. You only know what you can afford, & what stage life you are on.
Exactly lmao. At the other end of every rental payment is someone building equity and income with your money.
And I just find it hilarious that these rent or die ass nikkas think that people who can afford to buy are somehow too broke to invest as well. Like I hate flexing money but my brokerage accounts are probably bigger than their entire savings.
nikkas gotta get a grip
BaldingSoHard
Banned
Exactly lmao. At the other end of every rental payment is someone building equity and income with your money.
And I just find it hilarious that these rent or die ass nikkas think that people who can afford to buy are somehow too broke to invest as well. Like I hate flexing money but my brokerage accounts are probably bigger than their entire savings.
nikkas gotta get a grip
We're trying not to flex, breh. You're saying the quiet part out loud.
Is it me or was this post ignored? Because it's amazing how the "StocKs ARe A BETtEr InVEStment" folks all seem to be hitting 10% annual returns but never want to show their portfolio.
Is it me or was this post ignored? Because it's amazing how the "StocKs ARe A BETtEr InVEStment" folks all seem to be hitting 10% annual returns but never want to show their portfolio.
Why would I want to show my portfolio on the internet? I'm not asking proclaimed homeowners to post their keys am I? Plus that nikka you quoted is a retard.
Stocks are a better investment. On average the returns are better than that on real estate historically. That this can be debated on the Coli shows the ignorance of some people on this topic.
You're making the argument that renting is better than owning and based only on "StockS ARe BetteR".
Show us.
I’ll post my stock portfolio and both of my houses portfolio. I asked for u to do the same since that’s what u stand by.
Facts!
It really is, which makes this debate so entertaining. You got retarded nikkas bragging about home equity and passing something on. As if their offspring will cherish their dusty 50 year old properties, or their home equity can be utilized prior to a sale of the home (except as a line of credit that's volatile)
Meanwhile they refuse to acknowledge there's an opportunity cost with every financial decision made... nah that's too harsh, they just can't comprehend it
Its clear these dudes capping lmao. I don’t get it lol. Even when I couldn’t afford certain things you never saw me downplaying shyt to make me feel better about my situation. Now you see nikkas downplaying inheritance above me.
And these dudes claim they young.
There’s absolutely no shame in not being able to afford a property at 24 or whatever. I’ve heard of faking it to you make it but never hate it until you make it.
Great posting
You’re making someone rich lol
I am making the argument that
1. There is a significant amount that needs to be dumped into a home purchase (down payment)
2. There are unrecoverable costs involved with home ownership (closing costs, property taxes, home maintenance, mortgage interest, additional utilities, etc)
3. There is an opportunity cost involved with the down payment/unrecoverable costs: what are you foregoing by making a home purchase. The stock market is readily accessible so that is the reference point.
4. Here is the key point. Depending on home prices, rental prices (and again I have to emphasize, there is a weak link between the two, as rent is driven by rental property supply/demand) in the area, you can come out ahead if you invest your down payment and unrecoverable costs in the stock market instead and continue to rent.
5. Sometimes the homeowner will come out ahead. Sometimes the renter will come out ahead. It is rarely clear cut in either direction.
I am not arguing rent is always better than buy. I'm pushing against those who try and justify their own anecdotal purchases with the line, buy > rent. It is sometimes not the case. Only an idiot would be so absolute on this. And there are a lot of idiots on this topic. Just Google rent vs buy calculator if you think the answer is always buy
Sleepy Floyd
Superstar
Why the median? How much for a studio or a 1-bedroom?
Property tax is already included in the monthly mortgages.
For the big price items that break, first, a lot of shyt doesn’t break often. Idk why y’all think that. How often does stuff in your apartment break, and even the common items that break, what’s the price of it?
To add to that, there is home warranty. I have (HSA - the Right Home Warranty for Homeowners, Real Estate Agents, and Service Providers) which is like $65 a month and covers practically everything in the house, with only a $75 down deposit.
So even if something breaks, I’m paying a max of $140, which is already covered by the rent the tenants are paying.