Why would anyone buy a house? You're literally gambling with your money and hoping the value will go up...

Honestly given the state of the market it ends up being cheaper to rent now and buy later given house prices will drop 30%+ in my area of Australia.

I do agree though in normal.l circumstances renting is dumb as fuck

its a big deal to normies
>customer walks into restaurant
>how many?
>o-one
>just one? ok...

Women without a father supporting them while they were children live in a constant state of anxiety

because the US economy is based heavily on the idea of homeownership and the government heavily subsidizes mortgage origination by implicitly backing pools of mortgages that turn banks into conduits for origination rather than a decentralized risk pricing mechanism when combined with the FDIC. you can't watch TV during the day without a bunch of house flipping and renovation reality shows. the government heavily incentivizes real estate ownership through the tax code. and people need shelter to live. boomer groupthink is strong when it comes to home ownership even in the face of massive taxes. I find that the vast majority of people either have a counterintuitive understanding of the impact of interest rates on real estate prices if they are even considering that to begin with, as well. Lastly, there is no better social proof that you are a viable human who succeeded at life than home ownership among other normies. Except maybe having a wife and 3 kids. But if you have that and rent normies will hate you. It's all very tiresome.

would anyone buy crypto? You're literally gambling with your money and hoping the value will go up, and even if it goes up you could have made much more money by putting it in CDOs and investing extra money into a diverse normie portfolio. In summary, if you buy crypto you are a brainlet

Because I like to watch movies and music with speakers at very high audio levels and apartment neighbors would not appreciate that.

Why live? You're literally gambling with your time and hoping your life situation will improve, and even if it goes up you could have made much of your life by simply living worry-free this entire time and investing your extra time into your pursuits. In summary, if you live, you are a brainlet.

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On a 30 year mortgage, you would pay off 18.6% of the principal after 10 years.

Let's say the house is worth $500K, that means you built $93,051 of equity.

When you go to an agent to sell, you have to pay a fee of 6% upon transfer, so let's say the house is worth $640,042 now (2.5% inflation rate). You get $601,639 after agent fees, and still owe $406,949 on it. You end up with $194,690.

So let's find out how much you paid in, let's imagine the property taxes are $7000/pa, and insurance $1500/pa, maintenance $3000/pa.

That means you are paying $3,673/mo on the home. A comparable rental price to a $500,000 home is about $3,000 let's say (this is generous), we increase rent 2.5% a year to adjust.

Over the 10 year life of the mortgage you put in $37,438 extra vs. rent and end up with $194,690. IRR of 26%. If rent is $2500/mo, 12% IRR. If rent is $2000/mo, 3% IRR.

Good luck finding a $500K McMansion renting for $2000/mo.

It isn't just about the monetary value of the house. It's about having stability and your own lawn to mow.

because i want a house? fucking retard

why would i give a shit if the value went up. Its my fucking home.

I've eaten alone 10 times more than i have eaten with people.

>Fast forward 10 years
This falls apart because you wouldn't rent if you knew you were going to stay in the same place for 10 years

What’s with the sudden influx of retards?

I don't know where you live, but those figures are out of whack.

Insurance on a 1mm multifamily house here is about 1000, not 1500. And that is for investment property. Property tax is about 9000. You can expect to fetch about $5500 in rent.

Single family house goes for about 750k. 3.5k in rent, 6k in property tax.

You can expect to break even maybe with a slightly positive in terms of cash flow, from your debt service + expenses and rental income. But appreciation in property value is about 4-5% per year. And that is not even including the equity you are building.

Roastie is all about image and needs to be surrounded by other roasties or chads and doesn't want to appear to be a loser by herself

based and financepilled

>pay rent
>never be any closer to owning a house
>if you run out of money, you are homeless

>get a mortgage and buy a house
>when you pay off the mortgage, you now have a house which is yours forever

home ownership bad

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fuck thats a good one

Furthermore. Nowadays monthly rent equals monthly mortgage.

Home ownership is really bad

>In summary, if you buy crypto you are a brainlet
bitcoin has a real potential to be the ultimate store of value. Instead of speculating on real estate people will park their money into bitcoin which will pop the housing bubble and we'll be able to afford home again like it should be in a functionning society. You're a fool if you dont think bitcoin mcap has a concrete chance to be worth trillions.

rent is 2x less than mortgage in my shithole
if you morth gaje and run out of money, not only you are homeless but you lost a shitton of money

Store of values to fluctuate in value dumbass. Gold and silver are stores of value.

Bitcoin is a speculative digital asset. Fucking casino chips are a better store if value than bitcoin is

Store of values don't fluctuate in value* I meant

Do you guys plan on working for the rest of your lives? Because you'll have to as a renter.

>Speculate with real estate
Right..it is all speculation. People don't have any demand for houses or any sort of living space.

>Bitcoin as a store of value
Bitcoin will be dead in the near future. The tnx amount is still utter garbage after years. And the only hope LN is failing.

Sorry to hear that. 2x less rent? Your whole fucking country must have a rent rate of 99,99%

I thought we were on the sarcasm train?

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How very high net worth families like the Rotschild maintained their wealth over the centuries:
1. Properties
2. Gold
3. Art.
Now they will put their money into bitcoin because it's censorship resistant and can last through radical political changes, wars, etc.
>Gold and silver are stores of value
Oh rly, cunt? What about those who bought in 1980? Inflation adjusted it took them 27 years to break even. And those who bought in 2011? Rekt.

macrotrends.net/1333/historical-gold-prices-100-year-chart
Amazing store of value when you buy the top /s

i'm not one to just say disorders are fake but sometimes i wonder if people with "social anxiety" are those who just never pushed their comfort zones when younger.
i was super fucking shy but i tried anyway until it wasn't scary anymore.
once i went into a restaurant and a teenage girl was there with her friend, she took one look at me and said "who eats out alone?" in the most obnoxious way. my friend walked in behind me and she stormed off. but i eat out alone all the time who gives a fuck?

my plan is to make it in crypto, leave forever
buy land somewhere and live in caravan

Your valuing gold the wrong way dude. You value gold using ratios compared to other real assets. Of which it is very undervalued right now... and silver if the most undervalued asset on planet earth.

Why do you buy gold? So the dollar value goes up like a stock? NOPE. You buy gold because fiat is a scam and you fear hyperinflation. That's when the transfer of wealth happens.

Did gold all of a sudden become valuable when America was born and the dollar was created? Nope. So why would you be valuing gold in terms of worthless paper. Moreover it was gold that gave value to the dollar.

You buy gold because your govt is out of control. In fact.... as a gold owner I HOPE the dollar value of gold goes back down to 300$/ounce. That means our govt has become fiscally responsible and we have a truly prosperous economy with prices falling.

Gold at 300$/oz means a loaf of bread is 90 cents like it was 25 years ago. So gold going down to 300$ you won't lose in real terms.

The bagholder mentality is real.

But yes if you buy gold and it goes down temporarily not due to the economy getting better and yoh are forced to sell you lose out. But god and silver is bought for the new paradigm that is coming. Gold is savings

Do you understand that when gold goes from 1,300 to $5,000 that that's a phantom profit? That gold ounce didn't chance at all... all that changed was the dollar became a lot more worthless.

A gold ounce just sits there. It's not generating revenue like a stock. But if you generate revenue in a stock and don't put it into real wealth and real savings.... then you lose your wealth in a hyperinflationary event.

If someone bought just a measly 100 ounces of silver in Venezuela before the bolivar implodes that person would be sitting pretty Down there.

It's like you guys think that people who buy gold are doing so for the same reason someone buys Amazon stock.

non-American here,

what's is a "sit down restaurant"? Or what's the opposite of that.

>have a house which is yours forever

NPCs really believe this?
You are never really the owner, ever.

>get a mortgage
>miss a month
>bank take "your" home and keep all the money they made on your back with the interests
NPCs fucked once again. Renting is pretty bluepilled too tho.
The only redpilled option is to live comfy in your parents' home basement : free tendies, free house, free electricity, don't have to deal with owner bullshit like house upkeep or ownership taxes, etc.
I plan to live all my life in my mom's basement. That's how comfy i am.

>temporarily
Yeah if 20 years is not big deal for you. It was in a bear market from 1980 to 2000.
>But if you generate revenue in a stock and don't put it into real wealth and real savings
Yeah well it's called getting out of a depreciating asset. Whatever you buy don't baghold for ideological reasons whether it's stocks, indexes, gold, bitcoin...
>If someone bought just a measly 100 ounces of silver in Venezuela before the bolivar implodes that person would be sitting pretty Down there.
Well go tell that to those who had their gold confiscated by the army when they tried to flee the country. Bitcoin will prove to be way superior than gold as a store of value. Trillions will leave gold to go into bitcoin imo and that's why goldbugs are terrified.

that is only possible if your parents treat you well
and it is the ultimate way, the way we lived for millennia

you are painfully retarded niggger.

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I'd have to work all life either way where i live

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Just ban corporations and foreign investors from buying houses. Then add in an unoccupied tax and prices will drop hard and fast for people to be able to buy.

It's one of the safest long term investments. There's a reason so many rich people stack up on houses that they rent out to retards actually wanting to RENT a house.
Not to mention the benefits you get from owning a house.

Exactly. Te NWO ponzi society we live in needed to destroy families to be able to sell always more debt. And homes are the ultimate form of debt creation for indiiduals. They literally destroyed the most important bond on earth to enslave you.
Not so long ago under the same roof lived 3 generations of one family. Everyone was looking for the other's back. The grandma babysit the children while the parents are working, if you need money you ask to your relatives instead of contracting a loan, electricity and others charges are divived by the number you are ,etc...
A real family with tight bonds is like a mafia to the system. You are stronger than individuals, you don't get in debt, you have ppl who watch after you and care about you... You literally are the kikes' Nemesis, literally. That's why they spent so much energy trying to dismantle the american family unity. Trying to shame you, brainwashing you into thinking that if you don't have you own place you arent a 'real (((man)))'.

The only way to fight back the kike degeneracy satanism and enslavement is to reconstruct strong families with common goals and values.

How do you all think the chinks and mexicans were able to buy from the whites half of LA or NYC?By living at 3 families under the same roof, buying extra properties, not to live in it, ho nonono haha, but to rent for the stupid white millenial goyim who want to feel 'adult' far away from his family and spend most of his salary every month into renting his garbage-tier flat.

It's difficult to phatom how much the brainwashed boomer mentally costed us in the long term. Forcing their children out to 'enjoy living' in an empty house while his kids now struggle paycheck to paycheck to rent his roof.
Meanwhile the chinks and metzitos save 10 rents living in one big fat house and get actual money to make real investments.

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or you could rent a slum and invest all your money in crypto