/biz/ - Business & Finance

>>29803255
ur mum

>>29803255
wife and kids
video games
cigarettes

cars

>>29803255
college degree in something very theoretical
toys

>>29803255
you posted a picture of a house but in my experience that isn't the case. in the 3-4 years i've had my name on this property it has increased in value by 40k. you can brag about whatever shitcoin gains you want in the same amount of time but you can't sleep in a smart contract

>>29803290
>wife
>>29803376
>college degree
Good answers. I'd also say real estate can be a terrible investment, seen a lot of dumb niggers get wiped out trying to invest in real estate using leverage, or get getting their investments literally shit on.

>>29803579
because in the last 4 years the market has exploded into a sellers market. I just bought a house and definitely don't expect to see the same gains you saw in the last 4 years in the next. No way.

>>29803290
>wife
Scholars still argue whether to classify this as a depreciating asset or a liability.

>>29803255
crypto

>>29803255
Drugs, prostitutes, and drugs for the prostitutes.

>>29803695
i felt the same way then that you do now. my house is smaller than what i grew up in and was twice as expensive. just give it time

Bakugan

>>29803579
so this money is magically deposited into your bank account each year right? what an amazing investment. you never have to sell to realize your gains. and the tax rate doesn't increase. but since your property is valued higher you have to pay per year anyways. and if you don't pay the gov can take it from you.

truly real estate is the patrician choice.

>>29803732
>Scholars still argue whether to classify this as a depreciating asset or a liability.
Cringiest post ever. If I ever run into you in public I'd slap you silly

>>29803844
your options are
A) live on someone else's dime
B) pay someone else's mortgage
C) pay your own mortgage
D) pay cash richfag style
bitch all you want, the clear answer is C

>>29803290
Cigarettes and coffee keep many people same, myself included. That's a worthwhile investment. Take away a few simple pleasures and people will either become robots or ted Kaczynski

>>29803945

how bout at least trying to rely on drugs for a bit buddy

>>29803255
Boats, sea takes all your gains anon

>>29803852
Kek. I could see a table of boomers at the local Applebee’s getting a riot out of this one

having a family

>>29803255
Most degrees

>>29803579
>but you can't sleep in a smart contract
I can, and I can prove it.

>>29804026
Isn’t it late in telaviv anon?

>>29803255
Boomer rocks. /pmg/ is still going after years and still getting keked on.

A new car

>>29803255
Chainlink 2021

>>29803989

trying not to*

not working manual labor. sure you might not make as much money, but if you don't work manual labor you are not a real man, and might possibly even be denied entry to heaven when you die.

>>29803776
No chance dude. I bought a house built in 1977 in an older neighborhood with the better school district about 10 mins south of me. I'm going to work my ass off to try to modernize the house, but I'll undoubtedly be disappointed in the end.

>>29803255
>buys several new toyota corollas
>sits on them for 10 years waiting for them to appreciate
>try to sell them at a profit

>>29803939
e) save capital and invest into businesses

you clearly didn't look at the chart.

that's why you'll always be poor. my investments get somewhere between 20% to 400% on capital deployed. they are permanent cashflow vehicles. i can build them up to fully hands off in another 10 years.

meanwhile i made 100k even during the nuflu hoax crisis. if this was a normal year i'd expect to make 200k.

>>29803579
What if it suddenly loses $40k value?
What if it decreases every year in value for the next 20 years and you're still not at break-even after 30?
>see Japan in 1991

Is it still a great investment?

>>29803989
no, how about change the world to make it less suck

>>29803844
so the key to real wealth is starting a business, who knew

>>29803844
>being this retarded
I live on the west coast and the housing market is insane. I've been wanting to buy a house for the past two years but they're getting ridiculously expensive. A house built in 1962 is going for $300k right now and they keep going up. Anything that increases in value is obviously a good investment. Also, paying rent is a waste of money.

>>29803255
Farts

>>29803255
Reddit pumped meme stocks

>>29804219
and here you are shitposting.

where do you live?

Gacha
Cars (I'm saying this as a car junkie)
Women

>>29803255
LINK

>>29803844
Lol I'm 27 worth $500k
Buying a house is the worst investment that makes it so you can't switch jobs and cities for more salary.
95% in stocks. Rest cash

>>29804432
>Buying a house is the worst investment that makes it so you can't switch jobs and cities for more salary.
You know you can sell your house or rent it out right?

>>29804360
who the fuck is shitposting. i'm telling people to think critically instead of HOUSES CAN ONLY GO UP. BEST INVESTMENT EVER. CAN'T LOSE DOOD.

why house prices go up? because of the cult of real estate. incredible how a positive feedback loop works.

>>29804432
baseboy joggin his noggin. if you want to be rich, you have to adapt, be flexible and move quickly.

houses are for poor people to feel rich. and for rich people to show off how rich they are.

>>29803844
>Billionaires invest 2% into primary residence
>1000000000 * 0.02 = 20,000,000
>Billionaires believe that a $20M house is a good investment

No housers btfo

>>29805057
refuses to answer where he lives

you're either a rentcuck or a zoomer livin with mommy. stay woke lmao

>>29803732
both

>>29805057
>why house prices go up?

Inflation, immigration, popoulation growth and restricted supply from the government. Also because there's always more "Real economic value" each year from the GDP, as in money that represents good produced and labor supplied.

>>29805210
of course i rent.

it's how i was able to drop 100k to expand my business this last year.

imagine using your savings from renting instead of a mortgage and levering into productive assets. what a crazy idea. instead of renovating your kitchen you buy machinery instead. whoa. buying things to make more money instead of watching your "house value" go up every year. feeling rich but not actually having any cashflow.

it's unbelievable that there's so much opportunity in the world. the rich keep getting richer! but why tho???? it's such a mystery.

>>29804885
Yep, but everytime out sell you lose 8%
The bigger effect is the psychological effects that people become less inclined to move
>>29805057
Yep, buying a house is a lifestyle choice that makes you fragile. Nissiem Taleb and this blog convinced me it's a poor idea and now I'm rich.
Stay flexible, nimble, looking for career opportunities to move up rather than stagnant.
https://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/

>>29805516
>imagine thinking rent is less expensive than a mortgage.
>imagine not having a commodity to sell for all the money you spent... ever
>imagine not owning a property you can choose to rent out to cucks like yourself whenever it suits you in perpetuity

>wow you sure showed me

>>>/biz/pmg

>>29805656
>imagine not having a commodity to sell for all the money you spent
You obviously don't know the definition of commodity which is identical goods such as oil or bars of gold but regardless.
I own stocks. Stocks earn more than real estate.
You don't understand the idea of being fragile vs anti fragile then stay fragile. See
>>29805517

>>29805517
Indeed. Housemaxis don't consider the opportunity cost of what they could have been doing with the money.

>>29803255
A car, obviously.

>>29805656
>he thinks i only have business interests and not other investments
>he can't even imagine all the equipment i can sell for cashflow if i desire

lmao at your life for thinking 40k over 4 years appreciation is good. holy fuck. i made almost 20k revenue last month alone with a net profit of 12k. and i keep expanding.

i bet you think mclaren leasing back their technology center was a bad idea. go to bed little boy. the adults are talking.

>>29805773

vehicles

>>29805656
imagine being tied to the lands of the dying american empire. imagine having your bloodline forced to transition. imagine not being able to pick up and run when the happening comes.

>>29805656
I don't know why so many zoomers on here can't comprehend this. Are they actually retarded or is their some sort of psychological inferiority complex happening where they know they're too poor to ever afford one so they fud home ownership to make themselves feel better

>>29803255
Car

>>29803579
Yah and in 50 years of ownership you'll have replaced the roof twice, redone the kitchen four times, replaced your hvac three times and done innumerable other repairs
And for all that effort your house will still age and deteriorate, losing value relative to new properties with cutting edge building materials
But number go up, amirite?

>>29803290
Video games are extremely cheap entertainment.

Bitcoin

>>29805773
>>29805901
>>29805960
zoomer rentcucks moving the goal post. you can do all the larpy bullshit you're posting about and STILL make money on where you live

>>29803732
sensible chuckle

>>29806016
>Yah and in 50 years of ownership you'll have replaced the roof twice, redone the kitchen four times, replaced your hvac three times and done innumerable other repairs
lol what?

Just a silly one, but maybe guitars as future generations won't give a shit for rock music. I still buy instruments because I derive pleasure from playing them

>>29803330
>>29804402
>>29805999
I bought a Nissan R34 GTR V-Spec for 35.000€ some years ago. The last offer I got now was at 160.000€.
All JDM cars got trippled in price. Shitty and rusty s13 cost now 15.000€.

Cool old BMWs also increase in price.

>>29804219
Hey stupid are you going to live in the business? If you are, see the post you replied to. Same options.

>>29805805
Who wants to drift around their whole life? It's nice to have a permanent residence with acreage that you can settle in. You can still travel and live like a vagabond half the time but at least have somewhere to go back to and build upon

>>29806087
>he calls my numbers larp
>oooh ego just bonerd.

i'm fucking small time. the fact you think any of this is larp means you'll always be someone's employee. think small. accomplish small. oh and i actually made closer to 14k last month.

you still don't understand that i've done the math on my investments vs real estate. and my business always wins.

>>29806432
please stop reddit spacing

>>29803579
>but you can't sleep in a smart contract
kek

>>29806432
>he calls my numbers larp
>oooh ego just bonerd.

>i'm fucking small time. the fact you think any of this is larp means you'll always be someone's employee. think small. accomplish small. oh and i actually made closer to 14k last month.

>you still don't understand that i've done the math on my investments vs real estate. and my business always wins.

>>29803255
Its the best tax haven in existence baring offshore accounts. All the upsides to having a business and you can show a loss for......ever

>>29803290
Those are expenses not investments fucking retard

great thread kids. another 2 days to end of month. looking forward to another 14k month.

remember that if someone ever tells you "can't lose" with an investment, it's a bubble. and you don't get rich by buying high.

>>29806537

good night kiddo. one day you might eat some humble pie and actually become rich. instead of seething. <3

>>29806704

>>29803255
1. niggers
2. anything dealing with niggers
3. liberals
4. anything dealing with a liberal

>>29803255
Civilization

>>29805901
>>29806432
What does your business have to do with where you life ya moron?

The argument is the money you spend on rent could go towards purchasing an asset that your own and use and could be sold off later.

Also, s corp owner here 14k profit is a joke. Apply yourself.

>>29803330
>he doesn't import jdm cars and hodl them to flip on normies later for sick gainz

ngmi

>>29806416
>who wants to drift around
children do it’s called peter pan syndrome

>>29803852
you couldn't slap shit silly cuckboi.
If you try to come at me I'd bear hug you with my size advantage, pull down your pants and anally rape you.
t. 6'4 250lbs

>>29803579
And you can't sell somethi g you intend to live in for profit.

>>29803255
Your life

>>29803255
ur mom

>>29804260
I can't wait for the post growth years and the japanification of the west. I'll finally be able to afford a house.

#team_deflation

>>29807523
>And you can't sell somethi g you intend to live in for profit.

i want you to read that and think hard about what you actually meant and try again

>>29805656
I'm too poor to get a mortgage

>ITT
Boomers fighting about stupid shit

>>29807993
>ITT
zoomers coping about real life shit

>>29803255
Marriage or children.

>>29807805
I mean it is inevitable, just not with democrats with an inflation fetish

>>29807830
You can't live there once you sold it. You can't live there when you rent it out. And for what, 5℅ yield and that's before expences. If you have a million dollars, buy a REIT instead of buying actual fucking real estate. Then rent with the passive income.

Cardano

>>29808379
>>29808379
Rates should be 0% forever. It's very good for my bags.

>>29808384
>sold it
>profit
>rent it
>profit
the rest of your post is cope and numbers you pulled out of your cavernous rectum

>Hats
>Video games and their dlc
>Gifts for other people
>Shoes

>>29803255
Paying niggers to have more niglets.

>>29807487

manlet detected

>>29803255
wynaut

>>29808602
A 5% yield is pretty good, actually. I got the numer from a listing of a house which was already being rented out in my area. I just ran the numbers. Habe you even tried to determime the yield of renting out properties?

>>29803255
A home. That being said rental real estate is GOAT.

>>29803330
Agreed. Unless it’s like a high priced collector car, but even then you need to maintain, insure, and store it.

>>29806349
Yes. I sleep in the basement of my restaurant.

>>29803255
Anything other than yourself.

>>29804432
How do you cover yourself from a potential recession like the GFC?

>>29806016
>in 50 years of ownership
So, if a person get a house when they are 20(not likely) they will spend pretty much the entirety of their life in a stable situation, rear a family and have a legacy to pass on to the next generation.

Tell me- how does crypto compare to that?

>t.crypto investor and realestate investor

>>29803330
>>29806227
should have said cars newer than 10 years

>If small business owners are the slave cast, then the untouchables would have to be landlords. I didn't draw a cartoon about it because it's too depressing. Landlords are the shit-heels of planet earth. I think I'd rather clean toilets at a frat house than be a landlord-- they are basically the same job. In the '70s, real estate was unregulated and taxes were low, then in the '80s the whole world was a giant green up arrow, and killings were made in real estate. People look at real estate during boom economies when you could buy anything low and sell it high, and for some reason think that buying low and selling high is a thing with houses that you can do all the time. Well, if you bought a house in '08 at the lowest low, you'd still be sitting on it right now, probably waiting another eight years to sell high. And all along the way you'd be getting jagged with taxes, the city would be coming around looking for things to fine you a couple grand for, and you'd have this shit-anchor that's earning nothing that you have to insure and take care of like a baby. Know what else is a good investment? A baby. At least real babies don't get termites and dry rot.

>According to a recent Gallup poll, Americans think real estate is the best long-term investment. The fact that most Americans think it should tell you how good of an idea it actually is. On average, over the past few decades, real estate has barely kept pace with inflation, and that's before factoring in how big of a pain in the ass it is managing even something as simple as a vacant lot.

>There are a few reasons dumb schmuck goy Americans think real estate is a good idea:

>First off, owning the roof over your head is a big part of the American Dream. Definitely base your financial future on a Hollywood fairy tale for suckers. Me personally, my dream is to coach a baseball team of deaf inner-city kids all the way to the World Series and win the big game in the ninth inning. If that falls through, Plan B is to become Air Bud.

>Secondly, I wouldn't wanna invest in something I couldn't see with my own two hands, AKA stocks aren't real because you can't physically touch them. This is the way immigrants think man... get over this. I once knew a Polish car wash guy who had like six big real gold rings: his life's savings on his knuckles. While this is a pretty G way to play it, what happens if you lose one? What effect do years of vigorous washing chemicals have on gold? A gold ETF or better yet a large cap index fund is more convenient but that would require using computers that can magically zap away your money, and dumb mule Polack immigrants like us don't trust computers, and we don't wash our hands.

>And thirdly, people watch too much TV. Flip This House, Pawn Stars, Donald Trump, Million Dollar Listing... It's that easy, right? You just buy a house at a tax auction for $2,500, put some spackle up on the ceiling, trim the lawn, and you flip it for a cool million? Sick dude you're a tycoon going to business meetings, Audi. This is what fat schlubs fantasize about in their free time but the only one making any money here is Home Depot and of course the gov't. Fat schlubs like my aunt Joyce fantasize about finding trash, putting a coat of paint on it, and selling it at Antiques Roadshow for $110,000, because her house is full of trash, painting stuff is easy, and $110,000 would get her out of credit card debt with enough leftover to put a down payment on a new VW Bug. This is a real plan she told me over the phone while on painkillers recovering from a face lift.

>Here is my aunt Joyce's list of Good American Investments:

>1. real estate
>2. stuff from tag sales you can paint and bring to Antiques Roadshow
>3. jewelry (from HSN)
>4. ask sister for money
>5. try to get disability
>6. try to get hit by a car and sue
>7. try to get food poisoning and sue
>8. get addicted to back pills and sue

>>29803255
WITHOUT A SINGLE DOUBT
School.

I shit you not. I would have been rich had I never went to college and just threw in money at bitcoin at the MOMENT I found out about it (after the 2017 crash). I found out about it at 3k, but another issue was I kept flopping dozens of interviews. Finally became a security guard. Easy as hell. I only have one bitcoin. Another reason I fucked up is because I lost another bitcoin trading a bear market. Also stopped dcaing after the march crash and basically didn't make my last hig purchase until it went to 19k. That was depressing as fuck.
I also sold alts early. Wanted to buy chainlink at 20 cents, but asshole employers didnt hire me. Didnt buy until 2 dollars and something cents. Sold at 4. Sold fantom at .007 cents.

Long story short, I literally could have had retirement money even ACCOUNTING for college retardation (150 college units of BULLSHIT).
I am very sad.. also, I remember having 6k when bitcoin was 6k. That was another potential bitcoin right there.

If I never went to college and even accounting for stupid ass alt decisions (selling early), I'd probably have about 10 bitcoin rn. I would have been an the elite class

Damn. I'm depressed as hell

>>29809847
>>29809896

>Anyway.

>My landlord's life sucks so bad. I ruined his hardwood floors and I play rap music all day. I bet he wishes he put his $250,000 in a mutual fund instead of this old building that he barely breaks even on renting out to lowlives. Now I bet he wishes he were delivering mail, mopping movie theater floors, wiping Alzheimer's ass, doing anything other than being my handyman butler in his broken prisonhouse. By the way I tried caulking the windows for the winter and I think I messed the up or something. He could be traveling the country right now in a classic Airstream, playing bluegrass music and eating soul food or whatever gay things he likes, but instead he's monkeying around in the basement with the boiler because I have his personal cell phone number and I call to complain a lot after regular business hours. PEACE.

gold or silver or any other metal

>>29803255
easily marriage if the wrong and most of them fail anyways

losing half your shit for some dumb bitch has to be the worst

>>29809992
>>29809947
>>29809896
>>29809847
>wall of broke ass useless zoomer opinions
In the trash it goes.

>>29806016
>Yah and in 50 years of ownership you'll have replaced the roof twice, redone the kitchen four times, replaced your hvac three times and done innumerable other repairs
>And for all that effort your house will still age and deteriorate, losing value relative to new properties with cutting edge building materials
>But number go up, amirite?

Most housing investors are slumlords and the parasites do none of those things.
There's a reason every revolution begins with a mass killing of landlords.

>>29803579
Wow, 10k a year! Now post your costs of ownership.

Girlfriend/wife

>>29803579
>in the 3-4 years i've had my name on this property it has increased in value by 40k.
what a shit roi

>>29809896
Lmfao did a boomer write this?

>>29810225
>>29810287
making 0% on rent
>what s hit roi
it seems i was made to be the fool

>>29803255
>what is the worst investment?
rubric
cardano

>>29810266
An investment implies putting money into an asset or tool with an expected return on your investment. No one ever said a girlfriend or wife would give you a return on your investment unless you count offspring as that but if anything thats just producing more liabilities

>house getting built right now
>up 20k equity

Feels good man

>>29810167
>Most housing investors are slumlords and the parasites do none of those things.
>There's a reason every revolution begins with a mass killing of landlords.
back to re edit you socialist zoomer tard

>>29810378
Oh well enjoy your house anon.

Zoomers FUD’ing house ownership is sad.

ngmi

>>29809772
yeah, my mistake
Classic cars and JDMs do appreciate well, if they're well-maintained.
Shitboxes normies own like Kia and Hyundai rot like wood in the Amazon

>tfw had to pay $940K for a 4br 3600 sqft new construction in a development in northern virginia globalhomoland
Oh well, at least it'll be worth $1.5mil in like 10 years. This area is so fucked

>>29810595
zoomers will always be a rentcuck. Us house owners will be parking our lambo in the garage.

>>29810434
>parasite who cant accept theyre the root of all of economic decline

Adam Smith called real estate "the Destroyer of the Wealth of Nations"

ITT: zoomers equating treating a property as an investment as the best/only investment

depending where you're living it absolutely makes more sense to own than rent. it doesn't prevent you from investing elsewhere. a small one time repair cost does not upend a lifetime of rent / equity

you have $15k right now to do anything with what would be the best way to invest all of it to change your life?

>>29810121
Kek

>>29803330
This.
Depends on the car though. Never buy new unless you are buying something that could be a collectors item and are storing it in a garage (like the Dodge Demon, only a certain amount were made). As far as buying a new Lincoln or Mercedes to use as a daily driver those are rapidly deprecating assets.

>>29810776
>tfw told mortgages are cheaper than throwing money away on renting my whole live
>renting is literally $2000+/mo cheaper than mortgage atm
I do love clown world.

>>29810826
also to get out of paying rent

>>29810396
They cost a lot of money and rarely make a return. Financial as a man in the west, it has a good chance of being a losing situation which is why flings are better

>>29810907
not my experience anon where do you live

>>29810978
northern VA. It's entirely my fault and I won't pretend otherwise.

>>29810826
>>29810914
be single no gf no kids and able to go anywhere

>>29811082
i mean if that's the truth and that's how you feel maybe do something about it

>>29810907
With fucking what a 10 year payback?

>>29804432
>imagine being so low in your career that every job is not work from home at this point
I’m sure you enjoy the hustle and bustle of the city in your exposed brick apartment pounding IPAs but I enjoy working from home in my Kino split level house half an hour out of the city and away from all the niggers and basedbois such as yourself

>>29810826
Thailand. Have fun with that retirement.

>>29811157
only 29 years left of $5300 a month to go on my starter home

>>29803579
It's apopular retarded notion on biz that a house is a meme, because "muh motgage and expenses" I own my place and own a appartment I rent. Do you think I carry all of the costs for the rental out of my pocket? everyone pays a mortgage, property tax and maintenance costs. Homeowners pay their own, tenants that of their landlord.
Paying rent is probably the worst "investment". You'll fork out the full value of a propert over 15 years with nothing to show for it except rent receipts. The ultimate cuck move.

>>29804113

PMs aren't investments. Anyone who knows anything about them will tell you this. They are, however, excellent stores of value, at least until Bitcoin came along. Now they're just a hedge in case Bitcoin fails.

>>29803290
cigarettes are a weight loss supplement

>>29811260
What If wana stay in the US and what about the best way to invest it

>>29811507
why stay in the US and work? You can get orgies every night.

>>29803330
>he doesn't drive an Infiniti QX80
Imagine not being bullish on dream cars

>>29803255
A wife

>>29811360
show me which home you're paying 64k a year on in fucking virginia lmao

>>29807805
won't happen in the west, especially in shitholes like Canada

Too many shitskins flooding in and driving up our real estate. t. leaf

>>29811562
interesting take never been there...is there a way to make sure all orgy participants consist of natural born women only tho? also how safe is that area as an american