reminder youre a /totalfuckingretard/ if you have a job, arent in school, and are paying rent
your $900 a month rent? yeah, I have a 600/month mortgage on a condo and after all my fees its STILL not 900 bucks a month
oh, whats that? Thru an FHA loan I only had to put down $5,000? and the condo is actually nicer than your apartment? AND cheaper? honey....
oh and would you look at that. i'm literally paying to build equity in my home and not totally throwing away every dime on rent?
after 5 years, you've thrown away $54,000. in 5 years when I decide to sell, I'll get a nice fat check for $20,000.... JUST because I decided man up and get a loan and pay a mortgage.
in 99% of cities, it is cheaper to pay a mortgage than it is to rent. you are not "saving money" you are literally throwing it away
stop being a rentcuck and man up and get a loan
Mason Robinson
>have job >not entry level either >would have been middle class in a different time >can afford one (1) one (1) bedroom condo, 700sq ft. max, in a crappy condo building with no release value to speak of
No can do. Not until I can afford a semi-detached minimum in a neighborhood that will hold value over time.
Justin Parker
>resale value
James Morris
383/month 3,000 down 30 bucks a month escrow (property tax) wow and its in a major city
Glad to see buy high sell low mentality doesn't just apply to cryptos
Wyatt Reed
I'm not buying your real estate bags boomer.
Camden Bailey
yeah but having a mortgage means having debt.
having debt, means you are a slave. At least with renting, the lease is only 1 year. With a house/condo, you are hooked until you pay it off. How long is that going to take? 15 years? 30 years? Yikes.
Jack Hall
I'm buying a house rn actually. Been paying 1700/month for rent for the past 4 years. Mortgage on a 300K house will be right about the same, but hoping to find something cheaper so I can be closer to 1400/mo.
Buying real estate is awesome and gives you tremendous benefits.
Alexander Jones
its a condo, the only "catch" is HOA fees which will probably be 200 bucks a month.
literally every small detail and fee added up is still going to be less than 700 bucks a month. even if you finance your closing costs
most people just assume home ownership is super expensive and renting is cheaper when its not the case.
Justin Taylor
i would rather take on debt and accrue equity than throw away money on rent. you can always sell after 5 years and get a nice fat check
Jayden James
Why would you not wait until the looming recession to buy a home? You're buying at the ATH right now lol. At least in my shit hole west coast city
Leo Martinez
Please god don't let this become a thing. Are big banks paying shills to come try and push this on us now? Buying a house is an absolute horrible idea right now. Keep renting, wait for a collapse, and then consider.
Julian Bailey
Collapse when?
Blake Rogers
you own a box in the sky. congrats
Joshua Morris
sell to whom? home ownership is falling, not rising. Millenials are too in debt, or just don't care to buy homes anymore.
Secondly, what would happen if the housing market tanks in the next 5 years? Remember 2008? Home prices dropped drastically. What will happen when the value of your home drops, yet your mortgage stays the same?
How will you sell to get your "equity" when there is a recession? You do understand that the market doesn't just go up, right?
Luis Hill
WITHIN 2 YEARS OR SO
Kayden Miller
You....do know what mortgage means in French right? Death grip
Jacob Harris
France is already lost, who cares about a dead nation?
Robert Nelson
Oh look, it's the guy who doesn't understand opportunity cost and front loaded interest again.
Camden Butler
Yes please. I want cheapies.
Michael Diaz
then I wait literally 2 years and continue to live in my nicer, cheaper, home as opposed to a shitty apartment that I'm already throwing away money living in
Actually I fucked up and circled the wrong part of the map. The apartment is a block south in the even more orange area. Whoever buys that is in for shitty mariachi music 24/7 and 10,000 screaming children and Mexican gangs.
Jonathan Myers
The catch is Home Owner Association fees on condos are basically as much as rent.
John Foster
tell me more about the type of neighbors youre going to have in an apartment complex that charges 900/month
rentcucks are using everything in the book to justify getting fucked by their landlord. the epitome of damage control
Gavin Ramirez
this is why biz/ is consistently poor. 15-30 years are u fucking stupid?? you can sell the house whenever you feel like it to get equity back or u can rent the house to rentcucks like urself and generate income, or even better just take out a line of credit on the equity built on the house and buy another to generate rent income
Angel Morgan
Enjoy your debt slavery in one of the most unstable of times. Planning years ahead is literally impossible, yet you deem 30 year mortgages ... desirable. lel
Camden Barnes
please end your life right now.
Jeremiah Scott
>muh housing bubble you faggots have been saying that since 2012
Bentley White
How does it feel knowing there are less fortunate people getting subsidized housing. Ya'll bragging about paying rent and mortgage, but there's people getting housing for literally free. How bout dat
Ian Torres
yeah and theyre surrounded by niggers
Andrew Martin
is this boomer cope or fannie mae psyops?
Jose Myers
its a redpill that Jow Forums is having a hard time swallowing
Isaiah Wilson
Nigga I know people with 50 year readjustment mortgages from 2007 and they haven't sold.
