Why would anyone decide to rent?

I'm thinking of buying a rental property for extra income but I cannot think of why anyone would spend $1500+ on renting a house and get absolutely no return.

How does that even make sense?

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>buying
>now
i shiggy diggy

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I’m waiting for the housing market to crash so I can buy a humble house with enough property in town to have a large garden :3

Not buying now, but I would be buying in the future.

It just seems like the whole of renting makes no sense, so how is it sustainable.

Are people really okay with throwing away18k a year and get absolutely nothing for it?

lol whore emily tricks in my area

If I were to buy a house I would have to sell my links for a down payment.

When choosing to buy and rent you have to look at unrecoverable costs.
In most cases it is better to rent, if we're speaking exclusively in financial terms.
With renting, your unrecoverable costs are the rent and the electricity bills (and sometimes gas and water).
With buying a house your unrecoverable costs are the mortgage interest, council rates, water rates, strata levy's, and other expenses.
The recoverable costs in the house is the equity. But that is the most illiquid asset in the world.

You're going to get absolutely rekt, I can tell, holy shit haha.

utilities
maintenance
property tax
waiting 10 years to just 2x your money

or rent and use the money you would have used on a down payment and instead bought LINK and 10x before the year ends

gee i dunno OP

gotta live somewhere and typically where you want to live you cannot afford to buy, so you rent there instead.

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as has already been said, if you do the math it's actually not much worse if at all to rent lol

>rent
>$1,500/mo gone
>move any time you want
>capital is liquid to deploy in other investments at any time

>buy
>property tax
>insurance
>mortgage interest payment
>maintenance
>highly illiquid
>whoops coronavirus sorry your property won't sell now
>capital is stuck in real estate when market makes big moves

p.s. don't take the mark of the beast.

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she's been blacked

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good

Owning a house is significantly more work than renting it. If you don't plan on living in the house for 10+ years or using it to make money then there is no reason to buy.

You also clearly don't know any poor people, or have any idea what they're like so enjoy dealing with tenants who fuck your shit up and don't pay rent on time.

T hi is

That's a man.

>have any idea what they're like so enjoy dealing with tenants who fuck your shit up and don't pay rent on time.
As a poor person can confirm.

how could I lick her juicy puzzy?

source plz :-/

Ok, I'm in Austin, TX. A decent house is 300-400k.

Property tax for that comes to more than what I pay in rent. For a lonely dude, who doesn't care much about the school district or having a larger house it just doesn't make sense.

You may say that it will appreciate in value, but I'd rather invest the money for better returns. I may move to somewhere else next year anyway. House is not a good investment.

Don’t listen to these poor cucks OP.
3.5% down payment on first time home buyer. 7k for 200k house. Rent out house and profit 200 a month. Oh look after 5 years the 200k house is now worth 250k and you now have 15% equity. Sell house for 250k so you profit 50k and you gained equity on the way. These poor cucks have no idea how to make money that’s why I have 40 million sidelined

Kill yourself tripnigger

Not to mention you can use depreciation to cover most if not all the income you get from the property. It’s literally free untaxed gains. These idiots will never understand

Fuck off poor tripfag
Ask me how I know you have a 5 figure net worth

So in theory you turned a 7k investment into 50k + ur 7k back + 20k in extra equity in 5 years. It’s the safest leveraging possible barring another Coronavirus

Are you 12 years old? Renters are typically low income, bad with money, or temporary living. Most of the time it’s low income and terrible with money people, so that’s who you’ll be dealing with. Even people with decent jobs can’t even save 5% to put down on a house to begin with. Go commercial.

Yea I’m poor right???
Yet I averaged 2000% gains a year in the bear market. You useless cucks never listened to my calls now your poor cucks
Pic related

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i wouldn't buy now. might as well wait to see if we hit a recession and housing prices come down.

why do people rent? lots of reasons. they want to live in an area where housing prices are incredibly high. they aren't planning on staying in the area long term and don't want to have to deal with the hassle of trying to sell a house. they don't want to have to deal with property taxes and maintenance.

houses are incredibly overpriced and it's kind of ridiculous that we're expected to pay $500k for the same house our parents bought for $100k 25 years ago or whatever.

you’re 10 years to late to even be a newfag
You had that cap on deck lmao
Kys poorfag

>oldfag
>instantly spergs out defending himself w/ pics
pick one

(Also 2018? You have to back, bro.)

If you weren’t such a poor cuck. I’d let you know on the next x100 during a bull run. But now I won’t tell you

Renting out single family homes is a tricky business for this reason. Typically the renters you do get are more stable though.

Most landlords deal in multiplexes.

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>2019
you gotta go back zoom zoom

Fuck off phoneposting larpnigger

Well shit, because I saw a recession and possibility of layoffs. If I knew the Fed and SBA were going to be bailing out landlords I would have pulled out 3 or 4 mortgages and applied for a bailout.