LOL @ Rentcels you are peasants

[RoxyFoxy22]

can´t wait to be done with renting

[DizzySmalls]

based and true.

and people also falsely assume their house will always appreciate (but who was 2008)

They all came back with a fury

now do the side to side comparison if you had put that trapped value into BTC instead... (pro tip: returns will not even be comparable)

Now compare the risk of a speculative unsecured token vs a real asset

[mchabs]

Real estate is generally a good investment but not always

also buying a house in many large cities in the USA is expensive and I'm talking cities here. Not the outskirts in the boonies.

[Jasonw1178]

I agree that there are cons to owning a home, BUT with all things considered, owning, even if you pay a mortgage with PMI, you are better off.

Some of you talking about investing your money instead, lol. Unless you have someone else paying for your housing you have to pay something for a roof over your head, one way or another so what investments are you talking about? Rent of the same property is almost always 20% more than what you would pay for a mortgage but you don't ever get your money back.

If you are really worried about things breaking on your home, there are all kinds of warranties and insurances you can buy for that and you'll still come out ahead.

[JStrez]

At the end of the day, people end up paying rent to their landlord who owns the building, the ultimate form of financial cuckery. You pay someone else to live in their place.

Also the logic in this thread is incredible. Most people don't have the $300k to buy a house, they get a mortgage. If I had $300k I'd put down $100k on the house, and invest the rest. Would rather pay a mortgage and build equity rather than throwing my money at someone else's mortgage.

[lightsarefallin]

I've been in both situations. I'd rather own. But buying is not for everyone. You have to make sure you've set yourself up properly. We got a good deal, nice location and land, attractive mortgage rates, significant down payment, shorter mortgage timeframe, etc.

Even if you barely scrape by and wind up paying your house twice over by the end of your life - you only have one life to live. Do you want to continue coping hard and living in your crowded, noisy, smelly sardine can apartment in the middle of a god-awful city or go off into the country and get yourself a nice little house with good land and live life like human beings evolved to live life. That's just the way I see it. Money is important but it's not the be all end all. Think about yourself on your death bed and what you'd regret.

[ooph]

Which of you rentcels have a backyard like this?

[BigBallsMcgee]

I've been in both situations. I'd rather own. But buying is not for everyone. You have to make sure you've set yourself up properly. We got a good deal, nice location and land, attractive mortgage rates, significant down payment, shorter mortgage timeframe, etc.

Even if you barely scrape by and wind up paying your house twice over by the end of your life - you only have one life to live. Do you want to continue coping hard and living in your crowded, noisy, smelly sardine can apartment in the middle of a god-awful city or go off into the country and get yourself a nice little house with good land and live life like human beings evolved to live life. That's just the way I see it. Money is important but it's not the be all end all. Think about yourself on your death bed and what you'd regret.

Rentcels know this, but we gotta cope somehow and see the upsides nomsayin

[meanstringbean]

I agree that there are cons to owning a home, BUT with all things considered, owning, even if you pay a mortgage with PMI, you are better off.

Some of you talking about investing your money instead, lol. Unless you have someone else paying for your housing you have to pay something for a roof over your head, one way or another so what investments are you talking about? Rent of the same property is almost always 20% more than what you would pay for a mortgage but you don't ever get your money back.

If you are really worried about things breaking on your home, there are all kinds of warranties and insurances you can buy for that and you'll still come out ahead.

Agree mostly but Rent is generally going to be cheaper because you don’t rent and buy the same place. Aka renting a multi family or an apartment , a lot of those costs are spread across all tenants

But yea if you’re renting a single family home in the burbs what you doing

[Clockbro]

Implying housing prices only rise...

God aint making any more land

[MisterDiapers]

God aint making any more land

they can build up, to the left and to the right tho

[BG5150]

Most landlords have a mortgage. Renters pay that mortgage.

Most buildings have property tax. Renters pay that tax.

Most landlords make a profit. Renters pay that profit.

Homeowners generally get a boost in their credit score.

[Ratfish]

there's such a large quality of life difference in a house that you own that it's not even remotely comparable

[meanstringbean]

Which of you rentcels have a backyard like this?

Mirin - is that a river or a lake next to you? Either have it's perks

[meanstringbean]

Most landlords have a mortgage. Renters pay that mortgage.

Most buildings have property tax. Renters pay that tax.

Most landlords make a profit. Renters pay that profit.

Homeowners generally get a boost in their credit score.

Most landlords arent profiting from renting out single family houses these days. As you said - if a renter can afford all the above, they will just own instead. People rent for location, short term flexibility, and to reduce costs. Renting is generally much cheaper than owning

[Slacker23]

Didn't we literally just have this thread?

Not about that "house with a garden" life, but I am looking to buy a condo soon. Since I'll be going from a semi-ghetto 1 bedroom to a middle-class 2 bedrooms, I'll definitely take a hit financially. Crunched the numbers and, taking into account taxes, condo fees and mortgage overpayment, it'll be more wasted money for about 12 years to come assuming no unforeseen expenses whatsoever.

Still want to do this, but it's more for the peace of mind. If it was just about the money, I'd stay put...

[ooph]

Mirin - is that a river or a lake next to you? Either have it's perks

River.

[meanstringbean]

River.

hell yea brother, hope you got a canoe/boat/kayak to enjoy it

[ooph]

hell yea brother, hope you got a canoe/boat/kayak to enjoy it

None of these rentcels got a dock I'm guessing!

[Ratfish]

ooph indeed

strong mogging

[ThaifooN90]

personally enjoy renting but mirin and jelly as **** of that backyard

[PatheticPeter]

Imagine taking out a $300k loan with interest to go all in some random stock... that’s what you’re doing with a house, except you have all kinds of other expenses a stock doesn’t have so it’d be like $300k loan plus margin fees on top of the interest

Just lol

Oh boy

[fishnbrah]

Imagine taking out a $300k loan with interest to go all in some random stock... that’s what you’re doing with a house, except you have all kinds of other expenses a stock doesn’t have so it’d be like $300k loan plus margin fees on top of the interest

Just lol

for the most part homes are an appreciating asset. imagine paying rent (literally lighting money on fire) cope harder brah

[DizzySmalls]

for the most part homes are an appreciating asset. imagine paying rent (literally lighting money on fire) cope harder brah

I tried to live in my retirement account but they said that it's not a dwelling. I asked to speak to a manager but no luck

[fishnbrah]

I tried to live in my retirement account but they said that it's not a dwelling. I asked to speak to a manager but no luck

lol'd

[vulgoo]

Just lol @ op

[4Mum69]

lol at owning a house outright, leaving hundreds of thousands dollars on the table by not investing it

Lol at this retarded rentcel cope nonsense. Lets ignore the lifestyle benefits of owning your own home and the financial security that it provides as your low risk base, lets focus on just the financial aspects of it. No one ever takes risk into consideration with this topic they look at it purely through the lense of someone who is going to pay a mortgage for 20 frikken years.

When you own your house your monthly cashflow is far higher. This leaves you with a ton of extra cash every month that you can plow into other investments. You also do not see a consistent increase in the cost of accommodation like renters do as rents naturally increase over time. You have no cost for accommodation, which as a percentage of income is your biggest expense when you have a large mortgage or you have to pay rent until you die. This is something very few people take into consideration when they fire up their spreadsheets and do like for like comparisons between renting and owning and investing the difference in stocks.

Unlike stonks, you also have an asset that you can borrow against. You can purchase more real estate by accessing the equity in your home, or even just use it for cheap finance for toys. Rentcels can pay you more in rent than the total costs are for you to own the property if you are not retarded chasing "capital appreciation" as if we are not in a massive bubble across all assets. My home which is owned outright has 4 cashflow positive single family homes attached to it yielding me over 9% at current rental rates in Florida, and that does not take into consideration the increase in value those houses have seen. My exposure is minimal and selling just one house would cover 90% of the total outstanding mortgages. Find me stable stocks paying that kind of dividend and Ill suck your cok.

As rents gradually increase these rentcels are paying down the mortgages and building even more equity in my investments for me while I continue to just squirrel as much of my free cashflow into other investments. You can gradually build up a diverse investment portfolio across multiple asset classes this way, all while enjoying the benefits of your own home and the security it provides.