mind blown at people who buy houses

[Bucher15]

Another typical thread started by a person trying to justify their situation because the alternative probably isn't feasible.

[Bushmaster]

Buying my house was the best investment I could have made at my age. I'm guessing OP is about 16 years old and has no clue about real life.

How much you want to bet he sees absolutely nothing wrong with buying new cars though...

brb buying a house is bad
brb money lost on depreciation is awesome!

[ashin1]

Do I sense buyers remorse?

[PrivilegeCheker]

Itt op is frauding and does not know real life

[bootybalder]

wtf is say?
me is talk no engelsh but is say you is spatarded!

[Spartan#x]

Do I sense buyers remorse?

It's confirmed, OP is bitter because his financial situation won't allow him to purchase a home.

Did you even read the article I posted?

[sknot1454]

About to make close to $50-$60k when I sell my house in the next year or so.

I might actually rent it for double my current mortgage.

Yep, terrible investment. I should have rented all this time instead of pissing money down the toilet and having equity.

What was I thinking?

[JoshSP1985]

Poor investment if you're thinking the home you live in is that investment.

Buying rental properties is a different story though that passive income.

[triplesticks]

Itt, op shows that his ignorance of: risk management, hedging and tax advantages associated with home ownership.

[ashin1]

Op will deliver pay stubs.
And yes







You will be mad(more mad)

[ceizer1985]

This topic made me want to buy another house. Thanks OP. Repped.


















































































and by repped, i mean negged you ignorant dumbass.

[Reef58]

about 520k is what it is based on

470k is the true value

I got denied a revaluation... And have to take it up the chain if I bother with it..


I live in New England..

Average tax bill in my town is over 12k

How much would it cost per month to rent the house you own?

[Spartan#x]

Op will deliver pay stubs.
And yes







You will be mad(more mad)

Op, you keep ignoring me.

Please read this article:

http://riskology.co/rent-vs-buy-insanity/


Then come back and bestow upon us all of your financial knowledge.

[Reef58]

don't worry brah your not the only one with that problem, i can assure you there are plenty of people in the exact same situation.



Yep, i would be offended too if someone told me that when i retire i would be house rich but cash poor.





you'd be surpirsed where you could live off the dividends of a 300k portfolio.
brb able to move to anywhere in the world and still have income.
anybody these days can get a loan to buy a house lettuce beef cereal

GD did you even bother to read what he wrote? He bought the house for 300k. It is worth 470k and he has paid $40000 in tax, which is tax deductible. So in other words he has made more than 100k on the purchase.

[Mimic3]

Mind = Blown at people who still haven't come up with an idea on where and how they're going to live when they're old as fuk and still don't own a home and retired and can't work anymore. Gona move in with your kids?

[Bushmaster]

Hey OP, what are your thoughts on cars? Have you now, or do you plan on ever buying a new one?

[Bucher15]

Anytime you are renting, you are indirectly paying for mortgage interest and real estate taxes, yet aren't benefiting from the tax deductions from them. So in that simple sense, owning is almost always more beneficial than renting.

[LaCosaNostra90]

does everyone ITT forget 2008?

[RightKindaGuy]

lol at owning a house

brb stuck in the same place for 25+ years to make 100-150k (at most) - JUST LOL AT THAT LOGIC

[Spartan#x]

does everyone ITT forget 2008?

http://riskology.co/rent-vs-buy-insanity/

[LaCosaNostra90]

lol at owning a house

brb stuck in the same place for 25+ years to make 100-150k (at most) - JUST LOL AT THAT LOGIC

The interest paid on 25+ year amortization is over 150k anyways on a average priced home

[Spartan#x]

lol at owning a house

brb stuck in the same place for 25+ years to make 100-150k (at most) - JUST LOL AT THAT LOGIC

[scullin]

does everyone ITT forget 2008?

It's the opposite of 2008 now. Market is good for buyers and banks are way stricter than they were before. I bought my first house before all that and it was just like - "just sign here and you're good to go". On the second house they were strict as can be and the process was way more involved. If you have decent credit - buy.

[Bucher15]

The interest paid on 25+ year amortization is over 150k anyways on a average priced home

If you are renting, you are paying that anyway...just indirectly. All of that is built into your rental price. But if you own, that's all a huge tax deduction each year that isn't afforded to anyone who rents.

[LaCosaNostra90]

http://riskology.co/rent-vs-buy-insanity/

So you would buy a house in the absolute peak of a bubble (Canada) ???

[RightKindaGuy]

Anytime you are renting, you are indirectly paying for mortgage interest and real estate taxes, yet aren't benefiting from the tax deductions from them.

just lmao at poverty tax deductions

which is null after property taxes, interest, home repairs, etc etc

[Bucher15]

just lmao at poverty tax deductions

which is null after property taxes, interest, home repairs, etc etc

Interest is tax deductible too. We had close to $24,000 in deductions this year. Not exactly "null". And like I said, if you rent, those expenses are built into your rental price, but you don't get any of the deductions from it.

[rk1990]

Buy a house, clean it up and rent it...in 30 years you'll have a free house and maybe some profit

[Mimic3]

lol at owning a house

brb stuck in the same place for 25+ years to make 100-150k (at most) - JUST LOL AT THAT LOGIC

lmao this guy serious?

my suburbs growth in just the last 12 years


if i could find records dating back 25 years you would chit your pants for the next week straight

[ashin1]

just one of my portfolios


and my december 2013 paystub

dont get mad at me just because i am 23 and i know how to manage my own finances at an early age, something many of you dolts didnt even grasp until it was too late.
does it upset you that i understand the concepts of compounding interest, have a 6 figure income, went to 2 years of tech school, and have the discipline to save my money and not blow it on stupid material chit while still being 23?
i have more liquid cash than some of you gross in a year, and i was able to make that in 6 month
im not going to bother explaining what i do i have done it several times already on the misc.

i really didn't think i was going to have to post a pay stub on this thread. but of course we always have butt hurt *******s who need a good wake up call.

have fun being owned by banks, because while your doing that ill be buying banks instead.