You don’t own shyt the bank does
Rent they said. It’s cheaper they said.
- Thread starter Sad Bunny
- Start date
Why wouldn't I understand these things better than you do when I'm the homeowner and you're the renter? That doesn't make sense at all
Think being a homeowner makes you good at math, brehs
Nah. I'll rather build my stock portfolio and not worry myself about the stress that comes with owning a home, just for the pleasure of looking at a higher home value I can't capitalize on, or will get raped on in the form of higher property taxes, but to each his/her own. I'll let my landlord worry about mowing the lawn and shoveling snow and shyt
Again, rent has nothing to do with the mortgage. Landlords would love to break even and make a profit all the time, but we know that doesn't happen.
If someone buys a house and needs a rent of $2200 to "break even", they are free to charge $2200 for rent. But if equivalent apartments in the area are going for $1100, then that house will go empty. Rents follow supply and demand, not the whims of the landlord.. otherwise being a landlord would be like printing money. Guaranteed cash, as no matter what your mortgage is, someone will always pay to occupy the space.
Besides, even if the cost of ownership is more than the rent being charged, at least I am subsidizing my landlord's ownership. My landlord only has to worry about funding $1100 every month as opposed to $2200. She has also experienced awful tenants, so someone who comes and pays their rent on time every month, maintains the unit, is worth a lot to her. So she gets to pay her house down at a discount, and I get a roof over my head without worrying about homeownership bullshyt. Win win. If she ups the rent to $2200, I move on. Good luck finding a stable tenant who'll move in at that price, and then decide to not pay rent for 6 months, fukking you over in the process...
You have terrible deductive reasoning skills my dude
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house prices tend to increase in value above the rate of inflation. and "everyone" needs one. that's why they are normally good investments.
at already inflated prices it is hard to say but generally speaking long-term
guyana just starts getting oil money and western property companies start moving in Guyana’s Economy is growing, Century21 now moving in .
You have terrible deductive reasoning skills my dude
I'm not the one assuming being a homeowner makes me more qualified in this conversation, especially with all the information online.
Read this and learn something.
Should I Buy a Home? Part 2: Opportunity Cost - CLIPPING CHAINS
Buying a home can result in the opportunity cost of not investing that money elsewhere. But are there still any long-term advantages to home ownership?
clippingchains.com
house prices tend to increase in value above the rate of inflation. and "everyone" needs one. that's why they are normally good investments.
at already inflated prices it is hard to say but generally speaking long-term
guyana just starts getting oil money and western property companies start moving in Guyana’s Economy is growing, Century21 now moving in .
Stocks increase in value above the rate of inflation, and above the rate of home appreciation.
It's not about a home being a good investment or not (depends on the numbers). And it's ok to want a house for sentimental reasons. But speaking in terms of the rent vs buy debate, sometimes it makes more sense to rent.
Being someone who deals with the following concepts "If you don't understand the hidden costs associated with real estate, or don't understand opportunity cost as relates to a down payment, or don't understand how mortgage interest/property tax is "throwing money away" then you won't understand our mentality." every day definitely puts me in a greater position of understanding them than you do. Don't know what to tell you bro. Get a house and then cringe at your posts in this topic one day when you get to the level of understanding I had in 2009, I guessI'm not the one assuming being a homeowner makes me more qualified in this conversation, especially with all the information online.
Read this and learn something.
Should I Buy a Home? Part 2: Opportunity Cost - CLIPPING CHAINS
Buying a home can result in the opportunity cost of not investing that money elsewhere. But are there still any long-term advantages to home ownership?
Plus taxes after it’s “paid “ you’ll lose is it regardlessRight. It's fine to get a loan and pay it off until you got the deed in your hand, but don't act more superior than renters
Silver Surfer
Veteran
Right. It's fine to get a loan and pay it off until you got the deed in your hand, but don't act more superior than renters
You are more superior than a renter
Tribal Outkast
Veteran
There’s a lot of foreclosures around my way. You’re right. I’m not getting in this fight but I’ll say renting and buying both have good and bad things attached to them.
the artist known az
Hail the victors
Do you say the same about people that finance a car? If someone slams your door, do you say Don't slam the bank's door
The way these broke ass nikkas are trying to cling to certain points to make renting seem like the move is fukking hilarious.
But what if the rent is $1100 in your area and your mortage is $1500
But the bank owns it
But what if the people riot
Stocks are better investments
But what if the rent is $1100 in your area and your mortage is $1500
But the bank owns it
But what if the people riot
Stocks are better investments