/biz/ - Business & Finance

>>56888983
Mortgage translates to death contract so that sounds about right OP.

>>56888983
You should have been putting 30k into your 401k and ira since graduating college. That way when you reach 30 you have enough money to last a decade should something terrible happen.

>>56888983
Paying down a mortgage is kinda comfy desu
My rate is only 2.74% though. If it was 5%+ that might be different

>>56889041
Agreed. If you didn’t pay rent you would be homeless. If you didn’t pay your mortgage at least you could sell and get some equity.

>>56889009
I’ve seen why the mortgages exist first hand

It’s literally turned my brother into a workhorse - all he does is work, eat, sleep, and he’s gotten fat as fuck, stressed as fuck.

He’ll probably need meds soon.

It’s a perfect system they’ve got going

Make the worker work so hard they get sickly and then need medication to keep going and keep em working to ensure the mortgage is paid, with the constant threat of taking to home away, and you can sell them the medications they will need for when their health declines rapidly and the meds will keep them functioning for a few decades then they’ll die just at retirement age so they won’t be a burden anymore

>>56889067
As I said previously, he should have saved up a couple hundred in his retirement fund before buying a house.

>>56889041
In my country there is no fixed rates, only variable.

The entire home owner class is suffering terribly

The upside to this is compared to the US is that we have no property taxes… but people who don’t have paid off homes and who have large (new) mortgages are getting absolutely destroyed

My brother working overtime every week for the last 2 years since rates started going up and he’s gained a ton of fat

>>56888983
Got a mortgage back in 2019 at 1.2% rate
It's being paid off on its own by some wagie renting it
In the meantime, yes I'm back to being a rentcuck as well in some other place but the idea was to invest in something that was being paid off on its own and grow some more capital this way.
Gonna buy a house when I'm done taking profits after the next bullrun, the rates and the house prices have both gone down, hopefully.

>>56889109
>In my country there is no fixed rates, only variable.
what fucking country is that?

>>56889148
No property taxes

>>56889129
>he thinks the rates and prices will go down
What part of “You will own nothing and you will be happy” is it that you don’t understand anon?

>>56889055
>hurr durr property price only go up


2008 called it wants you to know what negative equity is.

Based thread OP. Mortgagecucks never acknowledge these cold hard facts.

>>56888983
This will be fucking me if LINK doesnt hit ATH and/or BTC hits $200K by June-Sept. Baby on the way.
Pray for me lads

>>56889196
Well, 4 years have passed and I'm getting more and more blackpilled about the situation to be frank

>>56889067
Literally what happens. Fuck that shit. Fuck society.

>>56889199
Im in the dc area and every house has doubled in value since 2008 peak.

>>56888983
Huh i don't get it, isnt the same because you still need to work to pay for your rent?

>>56889320
Quiet, you.

I did the normalfag thing.
>2.85%
>wife stays home with the kids

It can be pretty stressful at times and it's not my dream house but overall it's the comfiest existence I've ever had. I have enough equity to fuck off to the woods where I belong too if shit ever hits the fan.

>>56889320
My brother has a $800,000 at like 4%+ mortgage that he has to keep paying…. And they’re talking about raising again soon.

My rent is just a monthly payment, no strings attached. I can just leave now if I want, I don’t have any massive debt at the bank forcing me here.

Big difference buddy

I could pay off my brothers mortgage with my crypto portfolio right now. But like I said I’m waiting until my portfolio can buy me a house in cash by selling only 10% of it

You guys seem to not see the psychological difference or having a massive mortgage as a home owner compared to renting without any strings attached

>>56889320
>live with mommy rent free invest in Internet Ponzis
>Mommy kicks me out
>Seduce fatty who actually pretty ok personality for women
>live with her rent free while she wagies, welfare max. Don't be complete parasite cook for her and clean up, give her dick once a week.
>enough ponzi money to live in 3rd world without wagecucking it.
>begin sowing seeds in fatties head that we better off on our own paths but still great friends who shared some great times
>mutual agreed soft "break up"
>rent apartment in Philippines
>never work
>endless pussy they even buy me dinners without asking to try impress or imply they not just a gold digger

Wagies are just stupid.

>>56889392
Mortgages are only scary when you also have no cash or securities saved up and if you lose your job then you have to sell your house.

If you have nothing saved and you loss your job you’d be homeless either way if you rented or had a mortgage (though you’d have some equity).

>>56889429
Losing a place you’re renting is 1000x less mentally damaging and stress inducing than losing your pride and joy and status symbol and losing your status as home owner

>>56889480
plus having your credit BTFO and in some countries being locked in prison like UAE or any other shithole muslim country.

>>56888983
>faggit spacing
rope

Yeah my oldest brother got hit with a $40k bill because the sides of the condo complex that he's living were being redone years ago.

He's a financial controller for an oil company so he was fine financially but imagine if you were trying to pay off a condo then a bill like that hits you.

Last I heard he might sell it soon and will be looking into buying a house.

>>56888983
I bought my house without a mortgage. Best of both worlds.

Anyone who bought a house 12 months ago lost $100k+

Anyone who bought BTC 12 months ago made 100%+

Hoomers are so fucking retarded

>>56888983
>and he’s gained like 50 fucking pounds since he became a home owner
This one hits.

>>56889410
Are you a Chad? sounds pretty based.

>>56890192
Nah autistic raised by BPD teenage mother while having high IQ so I was able to use sperg and observations from how mental women are to learn how to logically put the right inputs in to get the right outputs.

Looks wise I am maybe a 7/10 max.

>>56889148
In most countries it's tough to get a mortgage fixed for over 5 years. Everyone having 30 year fixed mortgages is only a thing in Amerikkka.

>>56888983
what? you don't want to wage slave for half of your life so you can afford a box to die in? what's wrong with you?

>>56888983
>poor financial planning = life is hell

>>56888983
Sounds like your brother bought too much house. Aka house poor. Not the mortgage fault.

Why not just buy a house in cash? Then you don't have to worry about all this talmudic numerology crap. No monthly housing payment frees up a lot of money, or time: you can easily afford monthly bills on a part-time job

>>56890192
>Seduce fatty
>Are you a Chad?

>>56890426
Its not, its a mix, some european countries have longer fixed rates (10, 15 years)

Most commonwealth countries seem to only have variable rates

>>56888983
seething nohomer
seriously though I'm cashing out my LTC next year to pay off the mortgage.

>>56889067
>>56888983
Don't forget that he is bound to his house. He can't just move cities to find a new employer.

>>56892567
>not working remotely
ngmi