"buying" a home is really just a 30 year lease

If I continue to work and live within my means, I can pay off all the mortgages off within 15 years and have a nice retirement package at 50.

post
this is now a normie redpill thread

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You'd be a slave to interest rates when they increase from all time lows and you can't service your mortgages.

good man, you actually bought your house

anyone signing on for a 30 year mortgage is a fucking idiot

Sounds good in theory. Good luck when the renters destroy your shit

In socialist countries like Austria, tax paid rented flats are the best for housing. Investment wise, forest that might be classified as construction perimeter in the next 20 years is superior to any flat or house. Cheap as fuck and you can sell the wood.

what if you have perfected your land patent as well?

in my experience nothing kills the spirit of a human being as having to pay a mortgage, suddenly people who weren’t afraid to voice their opinion’s at work become the biggest cuck’s imaginable.

>renting the adjacent unit for the cost of the mortgag
don't rent do air bnb instead

renters are vermin

Mortgage loans are the best racket ever.
>borrow money from the Fed at zero interest
>pay for home, collect payments from buyer
>buyer loses job, repossess home
>keep payments, re-sell home
Profit!!

>I can pay off all the mortgages off within 15 years
if you can't do it in 5 don't try

this is why our science is shit, scientists are worried about their payments instead of pushing science forward

Buying a house right now is pretty dumb, yes. We're entering the peak of a housing bubble that will be worse than 2006-2008. Unless you have cash and can find a decent [probably fixer upper] house in a not-heavily-populated area, interest rates are less than appetizing and are set to continue rising. That said, if you're paying above $850 for rent you're getting fucked in the ass and perpetuating land miserism.

Just some quick mental math off a neighbor that sold his apartment in the same building as me.

Bought in early 2014 for 225k financed 30 year mortgage 155k remaining.
Neighbor sold for 295k. Almost 5 years later

Now I'm moving to another country and the price of rent will pay my mortgage in full. I'll keep paying the mortgage and use it as a garantee for a second property.

By the time I'm 60 I'll have at least (if I never get a raise) 2 properties paid in full earning me 600-1000€ a month. Add to a pension and it's a great decision. Just don't buy in stupid bubbles and ridiculous prices. Be smart

Is there anything that could possibly happen that would mean you lose possession of the house after mortgage payment even presuming you are a good law abiding citizen.

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Also enjoy property tax for the rest of your life. Property tax is outright theft.

It’s called equity you slowly start to own the house over time. That’s not rent faggot. I have about 100,000 thousand in equity in my home, renters BTFO

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why would you pay tax on land when there is plenty of untaxable land in other parts of the world?

>Is there anything that could possibly happen that would mean you lose possession of the house
if you piss of the feds they will confiscate your home before they arrest you so you can't raise money to defend yourself in court

What's a fixed rate mortgage?

economic break down
capital controls
government becomes hostile and tries to get its dirty fingers on everything
Foreign invasion
Marxists succeed in creating their globalist Distopia

Buying a house or flat is retarded and this faggot is deluded with his meme flag

Because it’s your country. What are you getting at? Are you retarded?

assuming anyone wants to buy your piece of shit house

If you buy a house with a flexible interest rate you deserve to lose it.

people like you are the ones who get foreclosed on, enjoy your temporary equity wealth

For the term of the mortgage?

Sadly this is true. Even after you pay it off, you don't really own it.

>Buying an APARTMENT for $225k

HAHAHAHAHAHAHAHAHA

I'm not in my home geographic location

Also if I sell today I've lived rent free for 5 years.

My bad, I'm a newfag to this topic and didn't realize rates are normally fixed for just a couple of years.

But then you own it....

For the term of the mortgage? What if rental demand drops and you can no longer service each loan with rent?
You're playing with fire.

you can do with your funds what you want.
But you entered a trade that is risk to potential profit wise retarded.

>HAHAHAHAHAHAHAHAHA
Mom let the hyaena use her computer again.

Lol, owning a home always works out on paper. In reality, everyone (the banks) forget to include these costs associated with being a land lord:

>unexpected market forces
>unexpected events
>retarded/violent tenants
>LAWSUITS from tenants alleging xyz
>repairs
>more repairs
>more repairs
>PAINTING
>bedbugs
>mold
>more mold
>sink issues

It works for some people, but for most it isn't worth the time or effort, unless you can buy the house without a mortgage.

Regular mortgages are borderline retarded. You spend 30+ years paying rent for one house? How can you honestly expect the market to grow when it is over saturated and the birth rate is abysmal? Housing prices have been inflated imo for 20 years. Other than that, people often forget to mention these costs with home ownership:

>closing costs, typically 5-10% of the value of the home
>transfer taxes
>real estate taxes
>Home owners insurance
>property associate fees
>baseline mortgage
>repairs
>fixing the fucking roof
>fixing the fucking air conditioning
>neighborhood could go to shit
>most of your assets tied up

THAT and you don't even own the house for THIRTY FUCKING YEARS!!! You own a mortgage you dumb retards!!

woke

Itt: virgins and incels

I bought a house so when i have it paid off, my children will inherit it.

t. 30 and already own 5 houses worth an easy 750,000€ and am 100% debt free..

Love that fucking house. Pity none of our useless McMansion factories here can make something like that.

Wow if you dumped that 70K into the stock market in 2014 you'd literally have at least $100k

fucking moron, now you have costs and other shit to deal with. Id be shocked if you get any of that shit back

I also know your lying because condo and apartment prices are very stable and don't change much (not $60K in 5 years). How's the HOA fee you pay every month, retard?

You're European, the houses are destroyed every 100 years on the dot.

That's not normal at all. They're fixed for "a couple of years" if you're a poorfag with no business buying a house. If you can actually afford a house then the interest rate is fixed for 30 years, but it's still common to pay it off sooner than that.

Except the captured equity, the increased value, the improvements value, the location, and you have the right of exclusion.

Not to mention the psychological effects of being an owner.

Fuck yourself op.

We are all serf tier people.
Serfs cannot own property.
US pays annual property tax.
In the UK the "owner" is described as a "holder" and on the documents, you are referred to as "the tenant"
The government can barge in at any moment for any reason.
You paid for it in your national currency - which IS your national debt. So its owed, not owned.

No one owns shit in 2018.

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.

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>have fun paying rent for 30 years
after those 30 years, you have a house.

if you rent for 30 years, you pay the sum of a house and have nothing.

my dad and granddad died so im getting 100k in a few months.

My surviving family, my nan and uncle, want me to invest in buying a house outright with that money, no rent, no mortgage.

I have a partner of 5 years and if we move in ill pop the question, hopefully have kids (we are both 27). get a dog too.

I never wanted to settle down in the UK though,I want to see the world or move to America really, live in the Mojave.

what should I do? move to the Mojave later?

Just in time to die :^)
Since the kids were thrown out at 18 and are now renting their own house they will just sell it back to the banks.

Then you pay rent to the government called a property tax.

>he only pays the minimum payment

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well if there is land up north someone isn't taxing then why should I pay tax to be alive here?

why is tax a given? taxation is slavery

Don't over pay for some boomer's house, dipshit.

don't move to mojave it's all pic related

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>want me to invest in buying a house outright with that money
in the UK? what an awful idea, you could move to the bahamas and live like a king the rest of your days

Let's get rid of property taxes. Then the proletariat can truly own their own property and stick it to the bougie bankers and the evil state that serves them.

Except for the money you save not paying property taxes, upkeep on the house, and interest payments to the bank.

Enjoy being in debt for the next three decades and maybe getting to own a shitbox for a few years before you die if you are lucky.

what small middle of nowhere town is someone paying $850 for rent of a house. the median average is $2,400 a month for the liberal shithole i live in.

if you like spics, niggers and think "travelling the world" is somehow important, go right ahead.

>t. single child raised by single mother, zero inheritance coming my way

>own
The moment you can’t pay property tax, they take your home.

learn how mortgage works burger. and maybe don't buy one thats 500 times your salary. I just sold mine and made £250,000 profit.. so yeah your rant is bullshit. Renting privately is just making your landlord richer. Mortgaging a house thats not in shitholetown USA is an asset.

its unreal how hard we are being raped as a species

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I kind of like the isolation of it. the vast expanse. vegas is nearby too if I wont bright lights big city.

I know this is my thought too. I don't really want to have to raise a family here. true, I live in the midlands, but theres still loads of paki scum here.

serves fou right for having a nigger for a father lol

but in all seriousness...I mean to live there, you know? . obviously I could visit xyz for a little but I do intend to become a family man.
Although wtf is property tax?

I assume its cheap there too.

also guns.

Shit $850 a month sounds high to me. Where I am at my rent is only $500 a month and even that is considered high.

>A thirty year lease and then you own it you dumb fuck. Enjoy paying rent forever because you had some dumb fucking opinion.
This. The only thing rents benefit are the ones who own the house/built the house. Also if you have enough money saved up you can buy it up front. People who are craftsmen like masons and carpenters also tend to want to try and build their own houses from scratch. And sell them for a fortune. Then they can go buy another house. Or they got a totally new house for a fraction of the prize. People also get into house restoration for same reasons. A couple buy a house then restore it, then sell it for quite more money. Then use that to go buy another house somewhere. Here´s the thing. These young people in the US are pampered as fuck. They don´t expect hard work, and saving up and these kinds of things whatsoever. Blowing the little money they have, after graduating with a useless degrees in gender studies or whatever. on avocado sandwhiches. At the same time jobs have been siphoned to china etc. which ofcourse wrecks it for them. But not that they wanted to work those jobs anyways.. These people are too pampered to mow their own fucking lawn or do farming. So they fucking pretend they need pablo escobar for that. It´s like they don´t understand what the fuck americans did in past or what europeans did? You think anybody else did shit for them? no they did EVERYTHING THEMSELVES. EVERYTHING. they fixed their own shit when it was broken aswell. Some of these extreme urbanites barely know how to tie their shoelaces. They should all go around with velcro shoes instead. They expect to do NOTHING for themselves. They are victims, and feel sorry!

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Closing at the end of the month...250k CASH Baby!

2000sf 3/2.5 in a gated community.

Poor Fags lolololol

>throwing out your kids at 18

This has to be some kind of psyop scam designed to keep generations renting

It literally is, we have had threads on it.

>bought my first house for 150k
>put some work in (spent very little), cleaned up the yard, did minor repairs
>waited for the market to go up (six months)
>sold for 185,000 without a realtor
>walked away with $40k in my pocket

Buying houses is great when you are smart and focus on resale

P.s: I currently rent and I hate it. Its like living in a shoebox except its a shoebox I pay £400 (sometime £550 if the missus jews me) for the 'privilege' of staying in. Its also got damp in the pantry (its an old building) and the since fucking clogged.

Im glad I can buy a house outright now, even if my dad and granddad died. Its what they wanted for me anyway, to have a home and a family.

once I do that, I can focus on my trying to achieve my political dream anyway: reversing the handgun ban in the UK.

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If you are renting you can have your landlord deal with any issues like damp or clogged sink. Any appliances like a washng machine or boiler is on them to maintain as well assuming you dont own those things

What. Excuse me. No, when you´re 18 you´re to start find a girl or a guy and start planning for your own family. And finish your education etc. That´s the usual timeline, sometimes in the late 20's or early 30's for guys, that need to be in place. Most young people also want to leave when they are 18 anyways. Instead of being told what to do. They want their own place, and have parties or have friends over etc. without someone else looking at everything they are doing. The goal of parents is to teach your kid every fucking thing you know so it can take care of itself. Then your kid will WANT to move out when it´s 18-20 anyways. You don´t have to throw them out. They need to start these things so they also can find their own houses etc. later on. And buy one and begin paying it offf so that they end up owning it within their lifetime, if they are not going to build and renovate one themselves for resale. Also if the parents keep paying for their kids, like it is when they live at home. The kids aren´t going to learn to be responsible anyways. When the kid is renting somewhere. They are paying for themselves. Now you can make a deal to live with the parents to save up money. That´s totally fine too, but then you give up quite a bit as a teenager. So that´s a choice. Since you don´t have your own place, with everything that comes with that. So you don´t have the same privacy. And your parents have to listen to you fucking your girlfrieend or whatever. Which is pretty awkward. You don´t want to hear your own parent having sex either and things like that i assume. And you can´t obviously throw parties either.

>Just in time to die :^)
You're planning to die in your mid-fifties?
Commie healthcare is that bad?

Buy cheap car, live in car, save money, buy house...no interest paid.

What retarded shit is this...

Think about it you fucking idiot.

Scenario 1:
> Rent for 30 years
> Average monthly rent ($1000)
> pay $360 000 over 30 years
> Someone else just got your $360 000
> you spent $360 000 and still own nothing

Scenario 2:
> Buy (30 years mortgage)
> Average monthly mortgage payment ($1000)
> Average monthly associated home owner expenses ($200)
> pay $432 000 over 30 years
> own property worth $200 000 (demand collapsed due to demographics)
> Still own property worth $200 000
> Rent it to a guy like you for 20 years and get $200 000 worth of profit from it (save it or buy gold)
> Sell it for $150 000 (add it to savings or buy more gold)
> Retire and cash out your $350 000 (or more if you bought gold)

You have no idea how it is here. Fuck off

>I own it!
What is property tax?
That's right, poorfags have no idea.

I know, im trying to chase the letting agency on the issues listed.

My main gripe is im paying for such a shithole.

Please tell me the alternative. As far as I can see I either rent from the bank, rent from a landlord (who is renting from the bank), raise my children in a ghetto, or raise them in a caravan.

So you're telling me Germany doesn't have property tax? I don't believe it.

Yeah he´s a retard. If you just pretty much follow the normal for kids and marriage and buying houses you end up owning your house completely way before you retire. It´s still yours all this time ofcourse. But now it´s 100% yours and nobody elses. The reason you pay something off is ofcourse because you couldn´t afford the full prize, hadn´t saved up for this even remotely. So you have to borrow from bank then. And the more you borrow the longer you will be paying it off. So it really pays off to save up for things like that. You´ll have to borrow less and it´d be paid off very quickly in comparison to if you just borrow almost the entire fucking amount that it costs.

>raise them in a caravan.
Not a bad option considering you will have to pay tax for your vehicle anyway.

>What is property tax?

A fucking triviality that I pay with ease each year

You forgot to add interest faggot, that 350k house will be closer to a mil after 30 years

You want to be a parent in your late 40's?

Good luck finding a good young woman to grow a family with

Hate renting. I will buy a house in the swabian alb with my brother, when my gf gets preggo. Living in the city is too expensive here. I'd rather drive an hour to work every day, than paying rent and living with niggers and Muhammads in the inner city.

You don't know how the economy works.

k, what's the alternative?

>being so obsessed with parties and sex you leave the family home at 18 to struggle on your own and make the housing Jew even richer.
>but muh parties muh sex muh parties muh sex muh parties muh sex muh parties muh sex muh parties muh sex