Tfw 400k NW rentoid

tfw 400k NW rentoid

....thats fucking amazing lmao
why do you want to own a house?

I wish I stayed a rentoid, houses are fucking overrated dude
You do the exact same shit but now everything is your responsibility and fixing shit is expensive

tfw 900k NW rentoid

but my lease ends in two weeks, fuck landlords

No land ownership means you have no stakes in the well-being of your community and country at large

Basically, "men" that don't own land are NPCs that will never achieve fulfillment or purpose. You are an atomized individual, an alien until you have land ownership

$850k nw, $500k in taxable brokerage. Had a house it was overrated. Just sold and moved and am renting in hcol. $4k month rent or $10k a month mortgage thats all interest and tech job I can get laid off from easy decision. You either buy a house with cash or rent. Mortgages are a scam.

Mortgages are a scam

These are the brilliant minds in America allowed to make six figures.

mortgate is another security blanket for padding / drawing startup capital from

My w2 was $692k last year. Unless you are going to stay at a place at least 10 years it is a scam. Your first few years will be mostly interest and taxes. Houses are not very liquid right now. When you do sell after a year of paying rent and mortgage the agents will take about 5% then there is another 5% in excise tax. Your renos won’t matter short term either so you will eat that. Interest rate changes completely change the value of your house. I literally rent a nicer house for $4k a month than I could buy for $1.5M with 20% down in SD, CA. That mortgage would be $10-12k a month. I just invest $8k a month instead of paying interest. Will buy a house for cash eventually.

well said, this is why i'm still a rentoid, when I'm ready to buy I'll just put down cash and immediately take it back out in a low rate HELOC and load up my portfolio again

My w2 was $692k last year.

you would benefit from holding a mortgage more than anyone because of the deducting interest

Is it really so hard to do the math that the rent I pay currently is < interest + taxes on a mortgage for the same house? I could afford to get a mortgage and “own” a house but it’s simply a bad investment currently.

The biz larping is out of control lately. Either post your paystubs with job titles (or what you do with your businesses) or sit down.

Have you done the math on how long you would need to own a house to be at parity with renting?

no true scots”men”

400k NW is not particularly high

You need to calculate the opportunity cost. For example my rent is $4k for a 1800 sqft single family house in SD. At 20% down 7% the same house would cost me about $12k a month in mortgage. I can afford this, but that mortgage will never catch up versus renting AND investing $8k a month dca into index funds and assuming 7% yoy growth. It’s not even close even at 30 years. My lease is also month to month so if I get laid off I just pay movers and get a new apartment. Also I don’t have to worry about repairs.

Staff Software Engineer in S&P 500 company you have heard of. Base is $250k and the rest is RSUs that I get over 4 years. I joined at a lucky time and they 3xed. I sell them as they vest into avus/avuv. Rsus are taxed as income hence my high w2. Also why I worry about having a huge mortgage as I have a cliff in 2 years.

Rates do be crazy rn but you didn't compare that to the opportunity cost of the house properly

Historical returns on real estate have been 8% so if you assume that at the end of the 30y you still beat the rate by 1% and collect that 1% premium on the 2m

Ok the historical returns on my portfolio is 12% and s&p 500 is 10%. I personally do 50/50 s&p 500/us small cap value. Also, property taxes on the same house are about half what I pay in rent. There are also repairs since $1.5M gets you a dilapidated boomer shack here. What I am considering doing eventually is buying a lot/teardown and putting in an ADU and then living in that while a manufactured house gets put down then renting the ADU. Am just going to wait until I have the cash and cash flow to do this. There is something broken in the market here. Housing prices were supposed to go down with rate hikes. They didn’t hear. Something has to give.

Another thing to consider is the refinance down the road, I know they said higher for longer but it's not unreasonable to consider a scenario in 10y or so when you can cut the rate

Generally, renting and investing will almost always win over buying a house and investing in terms of wealth creation. It is the ultimate midwit take to think that mortgaging a house to live in is the superior financial investment.

home ownership is a Jewish scam

the shit you have to read

getting emotional over a fucking flag is what poorfags and retards do.
if you dont see the entire world (with exceptions) as one giant resort then you do not have your shit together.
Anon Babble is the MADE IT board.

divorce raped sexless man, still owns his home though!

DELETE THIS RIGHT NOW

Nice meme but generally your wrong and I'm not gonna elaborate

Mortgage bag holders always say stuff like this and have zero arguments

That which is asserted without argument may be dismissed without arguement

what, a community of niggers, kikes, gooks, trannies, curries, and so on? why would you want to have a stake in that community exactly? why not extricate yourself from that as much as possible?

$4k a month rent for the same house 20% down on $1.5M at 7% mortgage will make less money versus investing the difference between rent and mortgage monthly payment in spy dca monthly over 30 years. The difference is even greater if you count property taxes and the fact that your wife can’t force renos on a rental. Also if you have an HOA you have no freedom anyway. Oh and you are forced to get raped on home insurance. Oh and when you sell you instantly lose 10% and if its been while you are still getting taxed. Oh and its not liquid.

are you buying a house soon?
I am in OP's boat, apartments fucking suck balls

It's true, though, at least in America. America does not actually have "ownership" of homes - you either rent from a landlord (normal renting), or you rent from a bank (mortgage), or you rent from the government (property taxes). Sometimes you even have to rent from two of these at once! It's all a debt game, and all debt-money games are Jewish by nature. It is always better to be debt-free and living below your means, such that you gain more money with every day that you are alive. It's a much less stressful existence.

When you are renting from the government or a bank ("owning" a house), you are required to pay for the upkeep of the location and spend time maintaining it yourself. That, or live with rats and bugs in your house, but that is no way to live at all.

There was a time in history when what you are saying was correct and that home ownership was the dream and contributing to a healthy society was a worthwhile goal. We don't live in that time, though.

now i remember why i used to browse here a lot, posts like this. thanks anon, couldn't have said it better.

The difference between rent and mortgage is temporal and localized, my area is only marginally more expensive not triple and if rates come down at all it clears easy

Imagine talking about community building in “le economic zone county” known as the USA .