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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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52560220 No.52560220 [Reply] [Original]

> ask an agent why a $300k house is now selling for $200k
> "well prices fluctuate haha, bought a $70k home in 1972 it just sold for $250k!"
> look up $70k in 2022 money
> it was over half a million

>> No.52560229

>>52560220

My bank manager asked me if I was ever interested on buying a home and I literally laughed out loud.

>> No.52560247

>>52560229
This. Renting is always the best option

>> No.52560260

>>52560247
Owning primary residence is important for privacy and legal protections (e.g. homestead exemption).
But absolutely buy in cash, take a loan against the house and put all of it in stonks.

>> No.52560284
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52560284

Are you ready for pain?
Are you ready for suffering?
If the answer is yes
Then you're ready for Captain Freedom's Workout

>> No.52560305

>>52560220
Realtors are some of the dumbest people on the planet

>> No.52560340
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52560340

>>52560284
>watching landlords declare bankruptcy

>> No.52560460

>>52560247
eh, my rent has gone from 1100 to 1450 in the last 3 years, and i'm sure next year will take it to 1500-1600 unless there's a massive recession and people start moving out because they can't afford it

yes, homes themselves aren't great, but a 3% mortgage is valuable.