Or is it better to rent and invest somewhere else, since the stock market tends to have a better ROI than real estate?
Is rent just throwing away money?
Sebastian Peterson
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Michael Foster
Look up Martin's Shkreli (pharma guu that's now sadly in jail) "rent or buy" video
Henry Reed
It depends on where you are in life and your career. Some careers you need to move a lot.
If you are planning on having kids and will likely stay in the same area. Then buying a home is a good way to fix your costs and to build equity over time.
Jack White
Renting is fine for temporary housing. Renting while you're away at school, for example, or renting to be near a good job while you look for permanent residence. The goal should always be owning your own property, investing in it, improving it, and passing it on to your children. Because it's temporary, minimizing your rental cost is essential -- whether by splitting the rent with others, living well below your means, or living at home while you build savings.
Sebastian Phillips
Renting provides far more flexibility and you don't have to pay for repairs. No one ever considers the additional costs associated with owning a home up front. Unless you are buying a very recently built home you are pretty much guaranteed to encounter major repairs.
Alexander Johnson
Yes retard, because landlords don't you know, pay property tax, insurance on the property, fix the shit you break, clean the place up after they kick you out to make the domicile liveable for the next tenant, taking care of landscaping, and in some cases paying for some utilities like water etc
Ethan Sanders
The housing market is about to crash user, its massively overinflated and a shitton of people are going to default on mortgages once the impact of our 20% unemployment rate hits. Over the next year or two you will be able to buy boomer real estate at a fraction of the cost.
Nolan Morris
Homes are for responsible white men with good character.
Oliver James
>not paying for repairs
wrong, fix everything you can or they just put the rent up every time you call out anyway
Henry Hill
fix as much as you can yourself, and you're crazy if you don't think a new hvac/water heater/roof don't add to the value of the house
Nathan Ortiz
I pay $470 a month with no utilities, and I live in a house next to my college with three other housemates.
T. Midwest
Asher Moore
Ever heard of a lease? They can't raise the rent until the lease is over. If they try to raise it then you are free to leave.
Xavier Ramirez
>Is rent just throwing away money?
It depends on how often you move. The transactional costs involved in selling a house tend to cost the seller at least 5% of the house's value, and often end up being several percent more.
If you work in a field where you're going to have to move in order to advance your career (most white collar jobs), this can make renting much more appealing. You don't want to be in a position where you're forced to choose between passing up a promotion in another city or losing all the value you've accumulated in your house so that you can move to follow your career.
Xavier Wood
Where I live you can buy a house for the same as it costs to rent it so yes it is throwing money away.
Samuel Lopez
That is an optimistic way of looking at it. There is no guarantee that repairs will actually add value to the home, there is a guarantee that if you don't make repairs the home value will fall. What does that tell you?
Juan Cook
No, it is for dumb cucks who like to make banks and local governments rich.
Dominic Foster
When you rent you don't have to pay property taxes or home insurance, so it is cheaper overall.
Forget about the idea of a home as an investment.
The only advantages are that you don't have a landlord spraying every 3 months for roaches, and you can make mods you want.
Henry King
IF you can get a loan and that's a big if. After the 2008 crash it took close to a decade for banks to make mortgage lending accessible to the average consumer.
Josiah Garcia
The vast majority of millionaires are made through real estate. Buy a house with plenty of land of you can or just invest in land else where.
Jonathan Evans
>Forget about the idea of a home as an investment.
Yeah look how that worked out for boomers.
Josiah Brooks
That's because they are only "millionaires" in that they have a bunch of il-liquid "equity" in properties that they still owe money on.
Aaron Miller
Seethe poorfag. Wallow in poverty forever and complain about “muh landlord” until your sad expiration
Michael Johnson
Homes were actually affordable when the boomers were young. It's like the difference in buying stock in YouTube today versus 20 years ago. The prices are so inflated that no one will see the same return on their investment that they did back then.
Logan Foster
I own my home now because I believed the bullshit propaganda pushed by real-estate faggots like you.
Reality check, you know who really owns your home when you have a mortgage? Shit, even if you "own" the home you still owe property taxes, and the government will repo your ass faster than any landlord or bank.
Home-ownership is just another bullshit scam, barely any better than student loans or the 401K scam. You pay out the ass to make other people rich and pray that the market doesn't turn on you so may get lucky enough to not end up owing money when it is all said and done.
Nathaniel Richardson
Depends on the location. Some places have grossly inflated rent vs ownership, some are other way around. Also factor in, do you really want to live in the same place for 10+ years? What were you doing 5 years ago? How different were you then? How different will you be 5-10 years from now? I like the flexibility of being able to move around without much effort. I also like not paying maintenance, property taxes, etc. I pay $1100 rent for a house that would cost about that in monthly payments, difference being the house option also requires that upfront 20% deposit... Doesn't make sense.
Owen Collins
>Unless you are buying a very recently built home you are pretty much guaranteed to encounter major repairs.
Meh.
House I bought was built in 1923. Since purchasing it three years ago, I have spent less than $2,000 on repairs.
Nathan Jackson
Buying a house and putting thousands of dollars and countless hours of your time into it only for niggers to move next door is throwing away you money
Isaiah Cox
59 yr old here....spent whole young life on fixing up and selling homes. Better to live simply and enjoy your youth. You never own your home, even with a paid off mortgage. Just think how the government will have to raise property taxes to recover from this latest downturn. It wont be the last downturn...love Trump but we wont have him forever.
Christopher Sullivan
Caleb James
It's not of you own a house that you rent out yourself. This also gives you the flexibility to move anywhere. You use the money earned from your rental to pay your rent
Grayson Williams
Yes, because it's a drain on your finance with absolutely nothing gained. A property investment is risky but has a chance for high returns in the future. Paying rent is a guaranteed loss, whether just carving a chunk of your paycheck from that new job you moved halfway across the country for, to accelerating the drain on your savings when you get laid off.
Nathaniel Torres
youtube.co
fun video, what an excel wizard.
Hunter King
Yes.
Get a good credit score & a % down loan from a credit union. Buy something.
Don’t be ducking retarded you troglodyte.
Christian Ortiz
0% down*
Joshua Martinez
** fucking
Drunk.