Rent they said. It’s cheaper they said.

[Mr swag]

We should be fukking rioting. I don't understand why everyone goes along with this bullshyt

Because we got money broke boy. This shyt cheap.

 

[Big Blue]

You only need 3% down for a conventional mortgage (the down payment). Ask the loan officer about home ready/home possible (conventional product) or if you’re a first time homebuyer then you can go normal conventional. If you’re close to 20% then you might already have enough for the down payment and closing cost. You just need to make sire you qualify with DTI (debt to income) and Fico.

I know but I just don't want to pay PMI on top of the mortgage

 

[ORDER_66]

NYC manhattan 4K per month!!!! man they just love fukking these stupid rich people up the ass...

 

[IsThatBrothaMouzone?]

There is plenty of housing available, I Hate turning this into strictly a supply and demand issue. The problem is companies decided single family housing was the next big asset class and decided to monopolize the market
This issue is artificial, and speaks to a bigger issue that's always existed in america; the rich uses their money to bully and leverage better circumstances for themselves.

I think young people will adjust by continuing to shack up even more and more with each other, both to escape housing and an unfavorable job market, doing the bare minimum to get by. I don't think people realize how apathetic younger millennials and Gen Z are, they don't give a fukk. The US is facing a unique problem; for the first time ever, upward mobility for most is coming to a standstill, and people are just checking out, because they don't have hope or aspirations anymore.People have gotten priced gouged to their limit and said fukk it.

It's weird, I've been through worse in my life, I Remember coming out of my house and seeing Crack vials and blue and red tops scattered on the ground, seen family shot at, friends killed, etc, but while the issue with the economy doesn't seem "worse", it feels bigger. It's also incredibly unique, I know housing is largely an issue of supply and demand, but it feels like the bubble is still gonna pop because of unprecedented factors.

This 100%.

Everyone saying "BuYiNg Is BeTtEr" ignore the fact that the housing market is currently in an artificial bubble created by various banks/firms buying up 1/4 to 1/2 of the inventory in various cities.

The people that own have increased their net worth but would lose most of it if they decided to cash out and buy elsewhere since the price of houses all went up at the same time. Imagine making $50k/year then suddenly now making $150k/year. Sounds great? But if your mortgage, food, gasoline etc, all tripled in price, you'd essentially be in the same position as before just with bigger numbers.

 

[Big Boda]

we did it Joe

 

[OperationNumbNutts]

6 certs, 6 figures don't care about rent price increases.

That isn't true.

 

[Ethnic Vagina Finder]

I'm getting close to having 20 percent to buy a condo in Bed-Stuy, but I work in FAANG, and that's after penny pinching. That down payment is no joke. First last and security is peanuts compared to a non-FHA mortgage in major cities

 

[Ethnic Vagina Finder]

He could’ve been governor of New York

 

[Conan]

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

Be deliberately obtuse about the use of ownership in this conversation brehs

You are more superior than a renter

Homeowner babble

 

[1thouwow]

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.

Take a screenshot of your portfolio of the last 6 months. I don’t need to see the money amount, but I would like to see the chart.

 

[horizon]

Take it in brehs we in the final stages

 

[Conan]

Breh where do you live

Connecticut

 

[the artist known az]

Be deliberately obtuse about the use of ownership in this conversation brehs



Homeowner babble

It's the same exact thing

 

[Silver Surfer]

Be deliberately obtuse about the use of ownership in this conversation brehs



Homeowner babble

But I have equity in a home and a stock porfolio

You have a stock portfolio and you are helping contribute to my home equity....

 

[Conan]

But I have equity in a home and a stock porfolio

You have a stock portfolio and you are helping contribute to my home equity....

The interest you pay to the bank goes towards boosting my stock portfolio. Keep those payments on time and that lawn manicured