/biz/ - Business & Finance

Cope

just bought my first home, cheers friend

>>23380338
I have a mortgage and I’m a worthless piece of shit.

>>23380338
Depends on the mortgage and quality of house. There are advantages to renting in some areas in some circumstances but I'd prefer to have my rent actually give me equity. I'm currently home shopping but trying to explain to the fiancee about closing costs as nd taxes. A lit of retards chase their mortgage their whole life and I'm not trying to do that.

>>23380338
>interest on mortgage straight to jews
>property over valued by $100k because jews
>paying jewish property taxes
>property taxes assesed on surrounding even more inflated jewish households
>essentially renting the property from government bc property taxes btw
>paying jewish hoe owner insurance
>jewish HOA takes even more of their cut

why is this board so obsessed with mortgaging/renting?

>>23380338
I hope a black family moves next to you

>>23380338
Owning a home is a better financial decision than renting but bragging about it as if you are better than people who rent is cringe ngl

>>23380338
How to get rich for leafs
>sink money into rrsp
>buy stocks you are bullish on or just hold cash, whatever
>get nice fat tax returns for a couple years
>put that back into rrsp
>home buyers plan let's you withdraw 35,000 tax free from your rrsp for your first house purchase
>hold house for a few years and make minimum payments back on home buyers plan (a couple thousand per year)
>sell house years later
>0 capital gains tax on primary residence
Congrats. You are in the leafland 1%. You may now afford a golden goalie mask.

>>23380364
Congrats on buying the literal top anon

Financially you are better off to rent and invest the saved money into the stock market than submitting to a mortgage on an overpriced asset that drains you with ongoing costs.
Unless you are buying an emotional 'home' you are better off renting.
Enjoy your debt slavery.

>>23380338
it's better to rent and invest the difference
prove me wrong

>>23380545

That's what they said when I bought in 2016

These are my favorite threads in biz. The amount of cope from ragie wagie renters is just so cute.

>>23380338
>not buying a house with cash
Kek poorfag.

The biggest scam I'm seeing with buying a home is the realtor fees and bullshit. It's fucking insane. Then if you buy without a real estate agent, the sellers can just add an extra 3%. That's a bullshit overpaid job.

>>23380338
I got a mortgage with my girlfriend so she would stop bothering me about a marriage.

So this is the best investment in my life

imagine paying property taxes
imagine paying HOA fees
imagine having to put down 20%
imagine being tied to an asset that takes months and sometimes years to sell
imagine the upcoming housing crisis when the eviction moratorium expires and your asset decreases in value by 30-50%

>>23380750
imaging paying rent until the day you die

>>23380739
Trolling?

>>23380750
>imagine paying HOA fees
Only if you're a fucking retard who buys in a sub division.

>>23380750
>imagine the upcoming housing crisis when the eviction moratorium expires
Doubt this will happen. There will be a bailout for property owners.

>>23380759
imagine living in the same place forever
imagine not compounding your savings at higher rates
imagine being a wage slave forever
imagine fueling the jew

>>23380505
rent cope

>>23380759
I work at Amazon with a retired doctor who mismanaged his retirement and has to work to pay his 27k taxes a year on his paid off home.

owning a house only has 2 benefits:
1 it's leverage. no one will give you half a million to buy stocks
2 it's a forced piggy bank. the avg iq and below avg iq people can't think for tomorrow so they need in writing to make payments toward something or their life gets ruined.

renting is freedom.

>>23380799
indeed. we'll probably get our mortgages paid off by wagey rentey the taxpayer

>>23380462
Kiked beyond belief

>>23380824
that's rough but it must be one hell of a nice house and neighborhood to be that high

>>23380750
Property in my area is selling in a fucking day right now.

I want to buy but boomers are off loading their shit boxes for insane amounts because everyone is fleeing NYC and live within a long commute of the city

I’m basically priced out since I’m poor

>>23380794
My in-laws just undersold their house in a day and then had to overpay for rent for a year before settling on a brand new home built by Mexicans in a few days in a subdivision with hoa bullshit. Apparently, they andhalf the community has roof leaks. They're new carpet is peeling up so they're paying to put flooring down. Work in their new state is hard to come by and low pay. Don't let your wife have her midlife crisis like this poor cuck.

>>23380824
if he wasn't a retarded nigger he would sell his big boomer doctor mansion and downsize to a middle class house with manageable property taxes.

>>23380806
>imagine being a wage slave forever
>imagine fueling the jew
yes, that's called paying rent until the day you die.

>>23380739
Based, I may need to do this soon. This stupid fucking cunt won’t stop asking pointed questions about marriage and I need to put the brakes on in without her getting wise. Thanks fren.

>>23380977
I told him that. Jersey has high ass taxes. His 4 kids that he put through college rarely visit and I think he's divorced

>>23380462
Renting is all of that but also less rights and it costs more.

>>23380973
>subdivision
new construct cucks get what they deserve.

>>23381010
He's trying to sell me on them hard. Bigger had to sell his camper because they wouldn't let him put it in his driveway

>>23381005
most doctors are hilariously retarded with money. and yeah NJ is overpriced, i live in southeast bucks and want to buy within the next few years. laugh my ass off at these middle class cucksheds in jersey with $6-8k/year property taxes, even in nigger shitholes like trenton. of course you bring that up to the average jerseynigger and it's all "muh schools" aka "muh $90k/year teachers" or "muh municipal services" aka "muh $90k/year ticket writing cops."

>>23380750
>ragie wagie can’t even afford an HOA that’s why he harps on HOAs

Hahahahaha

Test

>>23380814
The only rent in my life is the rental I use to fuck your mom when I'm in town lmao

>>23380338
i own several pieces of property without ever taking a mortgage
fite me bitch

Not your keys not your crypto
Not your money not your house

>>23380338
pretty big cope you have there for having such a small penis.
i'd say have sex but i know it'd be impossible for (You)

I rent but I made 1.5 mil off chainlink and I'm not a slave to the bank for the next 30 years like you

eat shit faggot

>>23380338
https://www.youtube.com/watch?v=Aadp1xqfAP0

Here's an interview with a black man who was once a literal slave. I would direct you to listen to the first few minutes where he states that having debt of any kind is worse than anything else in the world.

Even field niggers look down on your for holding a mortgage.

>>23380338
I rent and have a bunch of money.

I don’t want to buy a house until I’m too old to want to do stuff.

>>23381307
Man dont even get me started on fucking school districts. These motherfuckers literally just put scantrons into a computer and make like bandits. Women are the biggest culprit of this too they somehow believe throwing money at ther kids will make them less retarded

>>23380806
>imagine living in the same place forever
you can move
>imagine not compounding your savings at higher rates
20% mortgage is 5x leverage. on an asset that appreciates safely at 4% per year that's 20%. good luck getting the s&p to match that. you can't live in your ETFs, either
>imagine being a wage slave forever
so build net worth through equity. governments around the world offer significant tax advantages to property owners, see >>23380541
>imagine fueling the jew
by renting form them?

>>23380338
>>23380364
>>23380799
>>23382203
Cheers fellow propertychads!

Rentcucks bow down right the fuck now you zero net worth having impoverished scum!

>>23380626

>>23380338

If I would have used my savings for a down payment on a mortgage instead of invest in LINK I'd want to off myself right now. Not to mention potential expenses like roofing, furnace, water heaters etcs. The returns I would have made on equity from a down payment on the house would have been so low it would have taken an entire life time to see that level of gains in comparison to what I saw with LINK. If you are trying to build serious wealth renting has the added benefit of knowing EXACTLY what your future costs will be as opposed to home owning.

I love these threads how the rentcucks try and justify being poor

>>23380338
I hate renting so fucking much, it's so fucking expensive for no fucking reason. In my area every insane fucking boomer renter wants 1400/month minimum for a shitty one bed one bath 600sq/ft apartment with paper thin walls and no fucking off-street parking. Fucking kill me this shit sucks but my credit is fucked and no kike bank would ever give me a loan for a house

>>23380338
meanwhile the renter fucks your wife while you work to pay the mortgage. many such cases

>>23380739
which proves all she cares about is being able to take the house from you after legal palimony kicks in.

>>23383183
>>23383224
Oh calm down ragie wagie. I know you are a cuckold by virtue of spouting off your simplistic fantasy. You NPC renters are basically XRP holders.

>>23383183
My mortgage is less than your rent, pig

>>23380338
LOL
This is hilarious. I know this is reactionary but thank you for the laugh.

On a more serious note, you'll still pay rent, whether it's through property maintenance, taxes, whatever. I'd mortgage if I wanted to live in PA for a considerable time but really, it's not looking to be the case perhaps.

Haven't payed my mortgage since April when they rolled out the business care packages. It is literally free real-estate. Already saved 15k while rent fags get evicted

>>23380338
why you speaking latin for? its called a death pledge

>>23383291
my rent is 0. i’m a boy toy who lives with an older roastie for free. its great using her and all i have to do is mow the lawn and fuck her once a week or so. meanwhile learning to code and investing unemployment bucks. i fucked a girl from tinder last week in her bed while she was at her moms house. life is good for me.

>>23383417
Based, how old is she?

>>23383432
36, we used to work together and we would always flirt. then a couple years ago we both went on to different places. she moved to austin and bought a house. i stayed in los angeles. then i was looking for an escape route a year ago, just prior to all this covid shit, and she offered to take me in as a “roommate” no strings attached. fucked her the first weekend i moved in and been there ever since.

>buy house
>negro moves next door
>house depreciates $50k+
>have barely any equity because all your payments went to interest the first ten years
>6% to sell house plus closing costs
Banks love mortgages

>>23381009
I can move wherever whenever. You can’t. Liquidity is important.

>>23380338
>being stuck in one place
rip

I own my home. I paid outright in cash. Superior you say? Oh forgive me. Im about to step into my walk in tiled shower. The waters nice and hot

>>23380466
>why is this board so obsessed with mortgaging/renting?
Because it is the better choices SOMETIMES (or even most of the time) and this board has a high concentration of mentally ill black-white thinkers.

The money difference between renting and owning matters little when you are making $150k+ like a wfh STEM chad.

It matters a lot more when you are a NEET faggot living on $700 SSI per month.

My early career required a lot of movement to get going. I would have had to buy and sell so quickly

>>23380702
>The biggest scam I'm seeing with buying a home is the realtor fees and bullshit. It's fucking insane. Then if you buy without a real estate agent, the sellers can just add an extra 3%. That's a bullshit overpaid job.

As a child, I wondered wtf these people do such that other adults allow them to take such huge cuts of their assets

As an adult, I discovered I wasn't wrong that they're way overpaid. A guy at a volleyball meetup I went to tonight was chatting up some chick about how you can "make $10,000 for like 8 hours of work"

>>23381002
>I need to put the brakes on in without her getting wise
Wise to what? That you are never going to marry her?

it speaks to the average age and economic situation of the typical /biz/ poster, that there's so much unironic rent-coping going on here. i know it's hard, but sometimes you have to make the decision to stop buying the triple chocolate extra cream starbucks cappuccino-deluxe w/ gluten-free bagel and avocado dipping tray on the way to work, and start thinking about what will actually make you money in the long run.

>>23380541
>tfw it's this easy to own a home in leafland
Might actually go thru with dual citizenship then

You owe money, anon. You dont even own your home and you have to pay interest. Renters have more flexibility. Youre below those who bought theor homes without a mortgage and renters. Youre stuck under a stricter contract than renters as well. Enjoy!

>>23383922
Not only do I own my own home, I also own a mortgage note and get paid interest for holding it over some wagies head.

Wagecucks always cry about inflation but it doesn't matter to me. Interest rates keep falling, causing my mortgage note to appreciate in value.

>>23380338

If anyone would like actual financial advice about mortgages or would like an estimate for a home purchase, send me an email at mortgageanon@protonmail.com. Interest rates are really low right now and its a good time to buy.

> t. loan officer

>>23384028
>unironically pays rent in exchange for housing
>unironically thinks that is superior to paying mortgage in exchange for housing+high value appreciating asset
>the absolute state of /biz/
>i cant even
>loooool
>im sorry
>i cant even looooooool
>i cant breeeeev

Poor rent fags coping. Only chads with plenty of money get into real estate. Focus investments to gain wealth, diversify to keep it. Real estate makes sense if you own rentals, 5% down every year for a new property that some wage cuck will pay down for you (plus appreciation due to the dollar losing value YoY).

>>23383989
shut up boomer

>>23384220
rentcucks, for some reason, would rather pay off their landlords mortgage, than their own, lmao.

Mortgages are for pussies real men pay cash

>>23384556
paying cash for anything is retarded, you use credit/loans to build leverage, and rapidly expand your asset base. paying cash is for poorfags, and that's not a joke, it's literally for poorfags with no credit line.

>>23384220
Just wait and see if you ever get a lawyer as a tenant ;).

I bought a home this year with record low interest rates. I get 100% access to my own house for only 5% down. I am allowed to deduct home mortgage interest, I love doing my own DIY projects, and the neighborhood I managed to get into has been appreciating 10-12k per year on average for the last 10 years so that’s fun. To all renters - it’s really not so bad being a home owner. All arguments aside, just being able to walk into my house after work with my fiancée making dinner and our pets chillin on the couch is very gratifying. I rented for 4-5 years and have nothing to show for it. Additionally, I had the worst neighbors above me and next to me. I know it’s a preference and, as someone who has done both, I actually enjoy being the home owner. These threads are so one way or the other, but honestly if you can buy land outright you should or at least get it financed. I work as an underwriter and renters tend to also have student loans so when they have negative equity so they are basically insolvent and we don’t lend to them at all. It takes a lot longer to amass 200k in cash while renting than it does staying with your friends or parents for free. Real estate is good for collateral and, if you wanna get real technical, everything is always taxed no matter what even your estate so you really never own anything lol

>>23380642
Except literally RIGHT NOW mortgage forbearance is ending, rent forgiveness is ending, and investors/landlords are leveraged out of their minds.
It’s literally the top.
It CANT go any higher.
When you look at prices vs median income in an area there is a limit to what people can pay/month
It’s the top anon.
We’re 11 years in on a 10 year cycle
When the foreclosures start and rent evictions start watch the fuck out

It all comes down to payments though.
As prices drop, interest rates will climb

why do people brag about having a 30 year debt contract with a bank? lmao

>>23380702
You don’t pay your realtor to buy you fucking mong
The 3% comes from the seller

>>23384628
It'd be a 10 year debt if people weren't so wasteful with their capital.

I pay 350 for a 1bd apt a month. I have yet to find a good area to settle with the gf, so Im good rn.

>>23384620
rent isnt going down though, anywhere, and it didnt during the last crash either lol. rent is going up, because landlords got fucked, so now tenants will pay more to compensate.

>>23384637
All I know is you get fucked and I think like 90% of people find their house on their own

>>23384895
Not yet.
It will be an interesting year
>>23384947
That’s absolutely not true.you’re not getting fucked using a buyers agent. It costs you nothing.
Sure allot of people find it in their own but a realtor is necessary.
Do you think a seller is just going to open up their home to anyone wanting to come in?
No. You have to use a realtor who is background checked so there’s some accountability. Not to mention negotiations, writing contracts, handling the paperwork.
Do you know how to do that?

>work for Yuropoor government in nanny state
>due to job get subsidized housing
>rent is €450 a month
>an appartement of similar size would cost me about €1200 a month if I mortgaged it
>invest the difference in meme stocks

>>23385116
no, i mean, rent is literally not going down. renters are the bottom of the barrel and they have no choice but to rent by-and-large. they will pay what the market price is for rent, and that's whatever landlords decide. it's not like renters are really able to move, they're renters, they're poor by definition.

>>23384569
What about paying cash for real estate and getting a HELOC with which to buy stonks?

>>23380338
>100 replies
Beyond based and cringe

>>23383922
>not having several shower heads aiming from different directions
Cringe

>>23383989

Mortgage is French for Death Pledge, I have one too but mine will be paid off before I’m 30 if things go to plan. Don’t let the things you own end up owning you anons.

>>23383723
that’s what tenants are for stupid

>>23380338
I make 100k a year and still live with my mom rent free

>>23384620
THIS TIME ITS ACTUALLY hApPeNiNg

Only an idiot thinks they’re gonna be raising interest rates as they’ve only just taken on record debts since rona, another thing idiots and poorfags don’t get is the mortgage payment you’re paying today with inflation aint shit in 10-20 years time meanwhile your asset the land has gone up heavily. Even the house appreciates with inflation, a fucking nail and a hammer will have risen in 10-20 years time due to inflation, renters are shit tier plebs for life that will never understand the power of leverage

>>23380824
if he were drawing social security he could get a break on his taxes.

>>23385401
traditional mortgages have better rates than HELOC

i feel bad for renters, they're in here rationalizing paying off their landlords mortgage.

>>23385116
Ironically, the highest priced houses are sold by owner by big brain richfags that can do simple paperwork and take pictures without paying some faggot 50k to sell their house that sells itself.

>>23380338
Absolutely based. Rentie, pay your debts or get evicted.

>>23380338
I'm a renting student, going to be richer than you
The ultimate elite class