Rent or buy?

Imagine the smell

>gets kicked out when he's 18
>instead of getting a friend to split the rent he pays 700 dollars a month for 84 months to have a place to live
>has NOTHING to show for it

There's a flaw in your gay story though, since with how poor you are you should only be making like 12k~ a year and thus would be eligible for welfare. The big question is how did you fuck up so hard that you're 25 and only making 12k a year?

Buy a cuckshed and pay as little as possible. Quicker to pay it off. Now your only expenses are property taxes and home insurance once the mortgage is paid in full. Now you can start saving money while not paying rent, and you can sell your cuckshed in the future.

If the market is good you made a profit, if the market is bad, it's just a cuckshed and your actual loses aren't that high.

>he reports his income

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If it flies floats or fucks...rent it....

id rather save up 40K towards a 100-125K house and live like a pauper until the mortgage is paid off. Then, rent it out and live somewhere cheap possible overseas and then you always have a house to go back to

I know when I was a wagie, I rented a straight up crackhouse so that I could save money. This other guy sounds like he's been fucking up since he was 18

idk you tell me OP what way is cheaper

is being a slave to a bank loan your whole life the right way to go

after they charge you interest

???

you tell me

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If you have the income BUY. Don't rent from some hedge fund or some boomer, or faggot, or kike, or Slav, or Italian, or Nigger.

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>give money to someone else for the privilege of being at their mercy
OR
>invest in your future

you would have to be literally a nigger to get this wrong

you could start a business with that 40k you saved up

40k is more than most people in the world ever get to see in their life

how do you know that 40k immediately being poured into the house is worth it and not making you bogged down

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Do whatever you want but realize this: no landlord is renting to you at a loss, and thus owning will always be cheaper. The only advantage of renting is if you move around a lot.

Nice slide thread

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>implying you can't sell the house
you even get to keep whatever's left after you pay off the rest of the loan desu

Just posting in epic breads

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Take a stand. Its known that most shills are normalfaggots, wherever they derive from, this is a constant. Alphabet soup agencies, liberal groups or just free radicals trying to troll here all have one fundamental weakness. They lack the mental fortitude to stand GOREPOSTING. Let us all rise up together and purge this board of shills or at the very least make it difficult for these faggots to continue to shit all over a once great place of learning. GOREPOSTING liberates, GOREPOSTING defies, GOREPOSTING is our first defense.

GOREPOST NOW! Simply add some tasteful gore to your otherwise benign post and save your board today!

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how do you know your business won't go tits up? at least if the market crashes, you'll have a place to stay with the house

Depends on how you do it.
I've had my grandfather tell me that the worst thing he ever did was actually try to own property.
Meanwhile...so many people tell me that renting is the worst thing ever...
However...I think there is a balance to be struck. So many people rent places and try to live in ways that stretch their paychecks to the limit. They do this with living, with cars, etc....
These are the same people with loads of student loans.
I ask them, why are you buying such a luxury car if you're buried under student loans? They reply that they can afford it now with their job...well..no you can't because you're still in debt.
While i am renting, and I DO plan to buy myself my own place soon...I am under no illusion that this is an INVESTMENT. This is just another product I buy that I can have a bit more control over...as a renter There are certain things you can and can't do..as an owner a lot of that "can't" becomes "can.".

The idea of buying some land or a house to live on as an investment is dead and gone. You should not consider it this. It is just that, a place to live.

With that said, I am working towards putting my leakage money (stuff that would otherwise sit in savings or checking accounts and just rot) towards stocks now that the market has tanked.
Gambling on some things to recover and make a good return from that. Mostly pushing into long known dividend paying stocks in companies that will weather the storm...building a passive income.
Invest in that. Invest in making passive income to help free yourself from the system.

Your home is not an investment...it is a bedrock..a fallback position..an anchor. This is why property taxes are so sinister...it removes the ability to fall back on your home as the last place to fall back on should all else fail.

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>being a slave to a bank loan your whole life
Unless you're actually retarded, you can pay off a housing loan in under 10 years.

After owning a house for 10 years I managed to get my equity back out of it. I only lost all the money I spent on the house over those years.

a landlord has scale, contacts, and skills in maintaining home cheaper than an individual homeowner can.

Owning a home on average in America is actually a losing investment. Most homes in America outside of key metro areas haven't gone up in value to exceed inflation after you subtracts the costs of ownership.

Owning a home just gives you your own land and more control, it can be a winning investment but it's mostly not.

It does force morons who would spend too much (i.e. 90% of Americans) to 'save' it in a hard asset. Even if they potentially could have saved more money renting.

I always buy coffee, renting doesnt seem to make much sense given its a consumable.

you wouldnt just dump 40k straight away you have to prove to yourself its making money and keep slowly making more money and putting more money back nobody just blindly invests 40k

if you have 40k you can guarantee you will still have a place to live by just renting with your savings

and you still have all that wiggle room to do whatever you want with the 40k

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But heres the things though....if you bought property, you still have to pay upkeep and taxes which is exponentially a lot more than what you would pay to rent. Property and School tax is a deep fucking. Plus, in the end, unless you're spending thousands on top of upkeep and taxes on home improvement, you might be able to get back what you paid for it when you bought it years ago, otherwise you're probably going to get half of what you paid for it if you decide to sell...

LOL, a house in a hole in the ground that you shovel money into.

imagine being this much of a boomer.
the vast majority of small businesses fail within the first 5 years. After that happens, you will be not just have no income (because your do-it-yourself meme business went bust), but you will have no personal assets either. Sad, bro. Just sad.

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course I fucked up, i was a fucking kid spending $1000 a month on rent and the rest on my girlfriend. i didnt care about money or my future desu but neither do the faggots who live with their parents until 22 and can afford whatever they want

Which ever you think has a better return.

Buying a home is boomer logic. Gone are the days we’re you could get a nice family home for a working wage. Now you’ll get a mortgage for 30 years and be at significant financial risk the entire time. Just rent sensibly, invest in bonds and the stock market and only buy when you’re comfortable and plan to live in that house for decades.

what if you get termites and your ac shuts down and they forclose your house because you didnt have enough to pay for all the damages and shit

you could lose your house

any investment is a investment bro youre still gambling

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Don’t pay money back save it unless you are trying to rent/sell the house.

You’re never going to make more money than you put into the house

But when you sell the house you’ll have more money in your pocket compared to when you sell your lease.

Downpayment back + some equity.

If you have the money for some reason. You would do better to put your money in the stock market, and use the dividends to rent, than if you spent that same amount of money on a house. The ONLY thing a house provides is collateral to get that money if you don't already have it. Single person house is a terrible financial lever. Its only financial use is to let you accrue debt.

No. Landlords are landlords because it is a source of income. They are not running a charity. Thus if you "owned" (lmao at anyone thinking you can truly own anything in this kiked country with property taxes) your next expenses would be less than renting. Your landlord is charging you rent equal to the cost of his mortgage + repairs + profit. At the absolute minimum if you assumed that mortgage and repairs you are still saving money. Ill give you a real life example. I just sold my townhouse to buy a single family. My mortgage which was principle + interest + insurance was about $1,100/month. My buyer purchased the home as an investment property and she is renting out the home I sold her for $1,800/month.

>you still have to pay upkeep and taxes which is exponentially a lot more than what you would pay to rent.
Lol, no.

>what if you get termites and your ac shuts down
Termites can be dealt with, AC is for pussies.

I buried my dad 1 month before the coofer hit. We are all on lockdown but I have a right of succession which has been confirmed via email.
I'm paying 95 quid a week to rent a 3 bed 2 reception with large front and back gardens all to myself. Yeah this is a lifetime tenancy, none of the shit shorthold and USA chuck you out when the landlord feels like shit.

I'm sitting pretty and will wait for the inevitable housing market crash before even dreaming of buying in (probably 2 years)

>with property taxes
Find ways to lower your PT or move to where its cheap.

You brainlet do you really think your landlord is not passing those costs on to you? See . I just sold a place where my PITI was $1100 per month and the new owner is charging $1800 per month in rent. You are *never* coming out ahead by renting because your landlord is not running a fucking charity.

what do you mean no?

Are you saying you dont pay school tax? Or do you live in such a shit area that you aren't being fucked up the ass with taxes on top of taxes just because you own property?

Rent, because you might need to move around for good jobs. Assuming buying vs renting and investing is equal in the long term, having the flexibility to move around for that higher paying job means renting always wins. Besides, with renting you can split the rent, while owning it's difficult to get a roommate and you avoid all the homeowner tasks and real estate fees.

Only because a business/skilled individual can do something profitably doesn't mean any individual can. There is a reason we don't make our own clothes, medicine, electronics, food, etc..

Also owner-occupied rates are significantly cheaper than investment loans so that alone would significantly change the math on your mortgage costs.

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Is coffee good for you?
>1 post by this ID

Dont buy shit now.

>picking 3 words out of that whole thing.
Property taxes are a topic for a different thread but their very existence means you do not own your property you are renting it from the state. They are an egregious crime against humanity.

the banks arent running a charity either

Loan amount Interest Rate Total Cost of Mortgage
$400,000 4.0% $687,478.03

thats 287k dollars you could have rented for your whole life on that interest rate

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the real trick is to find people you can stomach and rent rooms out to them
depending on what rent goes for in your area, you can turn two spare bedrooms into your mortgage payment and maybe even your bills.
the only business you'll be starting with part of $40k is something you can do out of a truck
you won't even be able to afford a decent one to do any real work for under $10k, not to mention supplies and payroll
if you had a banger of a business idea and knew your market intimately, you might have a shot but if you're flying blind you're gonna crash and burn
you can always sell the house to get out from under your loan. unless you bought a house in fucking detroit, or you're a stupid nigger and don't put any money in the property to raise the value, you're not likely to lose money.

I dont fucking give a shit what you think. this fucking argument is the epitome of beating a dead horse. This done to fucking death tired argument does not need to be posted everyfucking minute of every goddamn hour of every gagglefuck of a day. this is all you need to know, rationalize it how you want, but there is only one, I repeat, one motherucking answer to this bullshit question and I wont tolerate this fucking repetition of retardation any longer. I have broken it down into 3 points. 1: I've said it before and I'll say it again. 2: I like my coffee black and cold. 3: and I dont care how you feel about it.

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