If you buy a property in your 20s you are literally retarded. Don't rush to become a property owner...

I bought a half million dollar house in cash, in my 20s. I'm sure I'll be just fine

No trees. Get an appropriate size filter and it'd be a breeze.

I bought a 3 mil condo with my Dads Nintendo stocks before I was even born. Now Im a Wendys Sous chef making 175k. Faggot

With half a million you could have bought inventory or resold Alibaba merchandise for at least $5M worth in 1 year. Instead, you have a living space.

You will never beat the interest rate over the debt if you sell your soul to Jacob Fractionalberg Reservestein.

>Bitcoin

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To be honest, nowadays its riskier to not be invested in Bitcoin (at least a little bit).

What can I do with 10 grand?

>pay 600 bucks in mortgage
or
>pay 1400 bucks in rent

Pretty clear to me. I never have to worry about landlords and the money is not much to me (as it bought it when my income was quite a bit lower).

user there's one fatal flaw in your plan. Where the fuck are you going to live (Other than with your parents, because I already see that answer coming!)? If you get a smaller home on a mortgage comparable to apartment rent, at least you'll own it at some point. If you rent, you're literally giving your money away with no return, ever. If you're really young (I'm in my late 20s so I'm out of that age bracket now) and have a GF or something, splitting an apartment might be better short term, but once you start a family that shit generally doesn't have enough space.

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Don’t buy a house you can only afford minimum down on, and then don’t pay you minimum monthly. Also make your mortgage payments bi-weekly.

I’m 24 and I’ve paid my mortgage down from $143,000 to $107,000 in two years.

Minimum down in Canada for first time home buyers is only %5 and this is where people get fucked. If you can only afford %5 down you can’t afford a house. I put nearly 30% down.

It’s better than renting by every metric, my mortgage payment is lower than where I was renting before, and it’s not going to some landlord kike.

With 10 grand you can dropship a custom supplements brand through in-app Instagram purchases, probably make about $2M by next year.
If you can save up another 5 grand you should be able to corner the outdoor plastic playground market in your county on Craigslist, Facebook marketplace, Nextdoor, and probably even Instagram. I'd expect maybe $3M by next year.

Also it’s only 2.95% lmao if you can’t beat that interest rate you should fucking kill yourself. My Mutual fund beats that.

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Why are most millennial so fucking afraid of credit? Jesus Christ, grow a fucking pair of balls and learn how to handle your basic finances. Usury is a big fucking problem in the west and I think a lot of bankers should get the rope, but people that fall for Jewish tricks deserve to have shekelstein garnish their wages. It's not difficult to make credit work for you. I've had credit cards for years, I now make every single purchase with credit cards, and I've probably only paid interest on one purchase ever, that I knew I could pay off before the second billing cycle and didn't mind paying a bit of interest on. For home and auto loans you just shoot for something in your budget, lock in the lowest rate you can, and pay it off well before it's due. It's not hard.

needs more fireplaces

Nice house OP

Good post OP. If even one user listens to you, it was worth the time to write it. The unseen value of youth is that you can achieve the lowest time preference and take risks you otherwise cannot when you have a family or are older.
God bless.

>Paying off loans only makes banks rich
>Bitcoin

You don't have house do you?
I bought well and I'm sitting on about $500K equity.
Mortgage interest deduction is a great tax dodge too.

>If I can do it you can too
>Just because I managed to play the system and win doesn't mean you shouldn't roll the usury dice goy
Fuck off boomer
Bankers are kikes and need the rope and playing their game legitimizes them

>just keep renting goy

When did you buy, and how much did you pay out of pocket to acquire $500k of equity?

The smoke stacks were added after they moved out

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fuckin lol this kike OP

It goes both ways retard, just because you are too stupid to be able to afford a house doesn’t mean everyone is.

Try not being a complete failure.

Stupid advice. I bought my first home at 22 for 30k, fixed it up and sold it two years later for $69k. Repeated that four more times and now live in a fully paid off Victorian jewel I bought when I was 35. The secret is to always buy what you can afford to hang onto if the economy goes south or interest rates go up.

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Why not both? You can own a house and bitcoin

It will be 30 years before I can buy the house I want outright in cash. It would be a better investment, housing and land costs are going to crash with the population decline.

But fuck that. I want to live in a nice house for that 30 years, not just when I am old. Dont be fucking retarded op.

When did you buy the house for $30k?
How much did you pay to fix it up, and how much time did you put into fixing it up?

Houses do not go up as fast as Bitcoin has and will in the future, and any money spent on a house is less money spent on Bitcoin.

>being a salty no-coiner
>in [current year]
lol

Is your moms corpse up in the attic there ?

I bought a house via loan for 220k when I was in my early 20's. Rented it out while I was working in another area. Ten years later, house is worth 280k and I have over 100k paid off. Easily worth it. I now live in Japan and plan on permanently renting the house out for $1.4 - 1.6k/mo. Loan payments are $800/mo.

LMAO...only Canadian can think that having to WALK FUCKING STAIRS in the house is some kind of luxury, you leafs are fucked in the head badly..LOL

>bitcoin

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I bought empty land to build on later. I live on a boat right now.

>says the ever increasingly nervous 50 year old who has never owned property

Yeah this is bullshit, easiest way to get better property is to invest in shitty property and move up.

I bought my first flat when I was 19. Secound when I was 23. House when I was 28. Now I have home in a village and 5 flats in city that I rent. My goal is to have 10 befor 40.

And yes I bought cheap ones. Redesign them and rent as mid-high for wannabe hipsters.

What's the benefit of doing this, as opposed to saving and buying with cash?

I have 80k saved. Currently saving 24-28k per year.

I'm going to keep saving to buy a 250k house cash. No point in getting a loan now, and paying over 20 years (800/month).

In what year did you begin saving the $80k, how much did you save each year since then to get to $80k?

Time value of money and opportunity cost.

If you are just hoarding cash you are losing value to inflation. It's much better to leverage your cash for investments

You can build credit, keep your savings for emergencies, and get a line of credit based on your equity.

Personal preference mostly, also you can get the property sooner if you don’t need to buy it outright. Plus it’s less time spent renting, which is just free income for some kike.

I started 5 years ago.

Started saving 800-1200 per month. Now I'm saving 2,000-2,500 per month.

Bitcoin only increases in value as a vehicle for speculation, houses have tangible and physical value that doesn’t go away when the power gets cut.

If you want to know a number of dollars saved per year your approaching this entirely wrong. You need to operate on percentages. If you aren’t saving BARE MINIMUM 4% of your NET income you will be a failure later in life.

>reinvest it in Bitcoin
solid investment plan what could go wrong

Do speculate at least a few hundred dollars into Bitcoin. You've put yourself at an incredible disadvantage by not doing so yet.

You pay less taxes on real estate & small businesses than you do on stocks you dumb nigger.

For a small business, you can set up a SEP IRA to push back your income taxes, and you get a 20% pass through deduction of any income. You can write off purchases like crazy. Home improvement is a writeoff, home office is a writeoff, food is a writeoff, travel is a writeoff, gas is a writeoff, car is a writeoff, etc...

For real estate, you pay basically 0 taxes because you can write off depreciation of your property and do a 1031 exchange if you sell, or take up to $500K of profits on a sale if you've lived there 2 of the last 5 years.

All stockniggers have in a Roth IRA for tax-free growth, but they have to pay taxes on their income up front to have the privilege. Sad!

Compound interest. Earlier you get started, the better off you'll be in 40 years. If I could go back in time and slap some sense into my 14-year-old self, I'd tell that kid to wise up and save & invest all that cash, with a little bit in risky stuff and the rest in conservative and traditional savings and investment paths.

The final redpill is index universal life insurance.

Is there any reason to suspect that Bitcoin will be less used in the future rather than more used in the future, considering the way technology develops and becomes more integrated?

I wanted to know how much profit was missed by not buying Bitcoin. The principle saved per year is subject to change as income levels change. For that, a percentage of X (without knowing X) will not provide adequate detail like knowing the exact amount saved in a given year would.

Why not speculate on something more predictable? What’s the benefit of speculating on something that’s nigh impossible to turn into cash?

Universal life insurance is fucking terrible unless you are in the highest tax bracket and don't care about wealth accumulation, but just want to preserve your money.

Bitcoin is cash. Name something more scarce and arguably more secure than Bitcoin in 2028 and later. No other asset compares to Bitcoin at this point in time, and so we should expect no other asset will compare to Bitcoin's return in the previous decade or the next.

>Im a Wendys Sous chef making 175k

They ought to be paying you more.

Eh, it's not the final redpill by any stretch, but it's got some nice attributes.

Highly fucking underated.

This. Drop your flag nigger.

A variety of reasons, why bitcoin and not lite coin or an infinite other series of coins? What happens when quantum computing (or just basic computational advances) makes the calculations behind block-chain insecure and pointless? How will you turn it into cash?
Can you buy things when the power is out?

What can you buy with it? How much will your cash be worth tomorrow? How long does it take to withdraw? Can I spend my cash in a blackout?

Also it’s security is based solely on computing calculations, not very secure in an age where computation power increases exponentially.

I built my first house when I was 21 with my own hands, three bedroom detached with a garden.

one to many loos

Terrible for what?

You can buy anything with it as long as the receiving party will accept it. This includes things that would otherwise be censored by jurisdictions.

Litecoin is not as secure as Bitcoin, just look at the hash rate and what efforts you'd need to fork the UTXO set. Litecoin and every cryptocurrency other than Bitcoin is liable to 51% attack much more easily than Bitcoin.

If a quantum computer was invented that could solve all known hard problems, would there exist problems that could be made on the quantum computer that would be difficult for it? If so, then encryption will continue into the post-quantum era, and people will have privacy. If not, then there are no hard problems, and many diseases and problems that exist today will be defeated.
With over $100 billion up for grabs, no one has attacked prime factorization to gain money from Bitcoin. All online security as we know it today would be gone, good-bye online shopping and banking.

As long as you can propagate a transaction to the mempool, it will be mined into a block. For an offline spend you could record UTXO to a private key that you have no knowledge of and hand it over to another person locally as you would paper cash and the value can be exchanged in an offline fashion.
opendime.com/

>217000 dollars for a house
>rent in the same region is 1400
Doubt. Either the mortgage needs to be more expensive or the rent needs to be lower.

You need to live someplace.

isnt it cheaper to just build your own house? or are you implying the reason houses are so expensive is cuz of land?

Agreed. Subsequent posts are retarded

he's forgetting his property taxes that will make his mortage around 1200
I pay 1300 monthly for taxes and mortgages in an area where renters pay 1500-1800 for a similar place.
Just litrerally take what a meme flaggot OP says and do the opposite and you'll be alright 90% of the time

>one to many loos
we get it, you are a poo. your engrish is terrible

Euribors and IRS ar negative until 9 years. ROFL if you want a loan, they will floor the rates at 0% for the 9 first years.... Try to find a better moment to get a mortage, i dare you

>invest in bitcoin
Stopped reading. It goes in all fields.

So who accepts bitcoin as cash?

The point of quantum computers isn’t that they can solve everything, but that they nullify the foundation of bitcoin. You would need a whole new architecture for the coin, while cash would still be cash.

How much will your cash be worth tomorrow? How long does it take to withdraw? Can I spend it in the middle of a blackout? What if there is a Hurricane and I want to buy some shit tickets but can’t access my wallet?

Good for you, bob the builder

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Cool story. You can't save anymore because a studio apartement costs 700-1000 instead of 350-500. Everything has gone up, even food. And the Federal Reserve is a big part of that, but mostly it's greed and marxists at work.

>The point of quantum computers isn’t that they can solve everything, but that they nullify the foundation of bitcoin. You would need a whole new architecture for the coin, while cash would still be cash.
Bitcoin survives quantum computing if hard problems can be made on a quantum computer that the quantum computer cannot solve in a practical amount of time.

>How much will your cash be worth tomorrow?
1 dollar = 1 dollar
1 satoshi = 1 satoshi
No one can assure what your money will buy tomorrow.
Fiat is no good if your government goes belly up, as time goes on your cash loses its purchasing power regardless. Bitcoin is more scarce than gold via its stock-to-flow ratio in 2028, it will literally be the most expensive thing in history of humanity.

>How long does it take to withdraw?
Liquidity is easy to find, just look at Square's Cashapp. You can also exchange Bitcoin with friends, unlike stocks.

>Can I spend it in the middle of a blackout? What if there is a Hurricane and I want to buy some shit tickets but can’t access my wallet?
You can spend Bitcoin offline, read my previous post's 2nd response.
opendime.com/

>I have 80k saved.
>Bank crashes
RIP money.

Bought a house in 2004 for $300k, house is now worth $450k. As of this month we have 4 years left on our house. Our mortgage is $3.5k and we still have about $4k left over for bills, food and savings.

Owning property is the easiest way to exit middle class.

>don’t own land goy, and invest in digital seashells
This is shit tier advice

Retarted post, not surprising coming from Europoor meme coiner.

>i need a mansion to find worth in myself.
Pathetic.

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Dumbest shit I read in a while. You are insured up to 250K federally. Sometimes I wonder why I visit this site

For the most part I agree. It’s a bad investment. Renting is superior and I think most people vastly underestimate the value of being able to move on a dime. How many opportunities have been missed because of the mortgage over the years?

If you KNOW you’re staying put in one place for more than five years and you KNOW you would never quit your job or get laid off for any reason, it’s still just an okay investment.

Bottom line: stocks return 8% real estate return 2%

Houses cost all kinds of extra money for repairs and furnishing and taxes. It’s not guaranteed to save you any money in the long run

Being able to move whenever you want allows you to be more opportunistic

>spending saturdays mowing

Fucking this. I bought a house at age 23, 4 years ago in Southern California. I would not be able to afford my own house now, even if my income doubled. Most people here are like that.

omg it looks like a parking garage

This. OP is either a Jew or a retard. Judging by his meme flag, probably a Kew that doesn’t want right wing white men to own their own home.

treat a rash and tip the pharmacist

You're right and wrong.
Buying a house with a down payment and a 30yr mortgage is fucking retarded. Especially in your twenties.
But there is also the point that equity is a thing. And so long as you don't overpay and get a huge loan, the equity is still valuable.
The keys to this are to study the market, don't let your emotions tell you a particular house is "the one" and to weigh what you can afford vs what you'd spend in living expenses if you go without a house and rent instead.

Just don't waste your money. If you can get a mortgage for equal to/less per month than it costs to rent, then buy a house. If you can rent for less than it'd cost to have a mortgage, then rent.
Watch the market, comparison shop, and don't be afraid to fix any house you buy with your own two hands.
Houses get stupid expensive when people contract the renovations/repairs.
And frankly, as a man, you should be able to fix it yourself. I've seen niggers paint, hang drywall, install plugs, etc; if a nigger can do this shit, a white man definitely can.

Fugg, my wendy's pays me 300k.