Mortages are a scam

[uksucks]

Buying a house with a mortgage is basically saying that your life, time and money are more valuable when you're older (vs younger)
And ofc this is not true, even just from a health standpoint

• All you really need is a place to live. Whether you own it or rent, it doesn't change that fact.
• The benefits from buying a house with a mortgage only exists when you own the house and thus pay 0 rent or interest. However you still pay council tax haha. Probably the best benefit is that you can pass it onto children (give early to avoid inheritance tax jfl).
• You only get those benefits of owning the house either when you're 40+ most likely (once mortgage is paid off) or if younger, you spent all that money which could have been used elsewhere for a better life when younger.
• Most of the other benefits from owning a house are bullshit:

You can customise it, get an extension. Who cares you don't need it.
Landlord could sell it and evict you. Only in rare circumstances and just move elsewhere, big deal

• If someone buys a car with finance, people roll their eyes because they cant really afford it, so why is it any different when buying a house? Because now barely anyone can afford it and people cant cope with that
• The Juden bankers get rich from mortgages.
• With renting you can move around anywhere if you like.

Rent or buy outright. Mortgage is such a poorcel cope

 

[looksmaxxed]

yes, all forms of usury. same with 401k and social security. imagine losing 90% of the value of your "savings" to inflation and thinking the government is doing you a favor

 

[heightmaxxing]

A mortgage is much cheaper than renting in the long term

 

[uksucks]

yes, all forms of usury. same with 401k and social security. imagine losing 90% of the value of your "savings" to inflation and thinking the government is doing you a favor

Haha yeah pension is another huge cope

 

[uksucks]

A mortgage is much cheaper than renting in the long term

Depends on credit score, the mortgage terms
And length of time of course.

Over many decades yeh may well be, but that's still an opportunity cost where you could have lived a better life when younger.

Maybe I should have ammended my post to buying house at a young age. Age 40+ doesn't matter but younger is silly.

 

[RICHCELDOM]

paying for your own house mogs paying some paki a rent

 

[uksucks]

paying for your own house mogs paying some paki a rent

That's cope
Just because it sounds cucked
All that matters is which is financially more sound for you

 

[RICHCELDOM]

That's cope
Just because it sounds cucked
All that matters is which is financially more sound for you

you realise you can sell the house even if its not fully paid and if its valuation went up you can actually make your money back or even better exit in profit.

 

[RICHCELDOM]

That's cope
Just because it sounds cucked
All that matters is which is financially more sound for you

you will never see that rent money back to your hands ever again

 

[uksucks]

you realise you can sell the house even if its not fully paid and if its valuation went up you can actually make your money back or even better exit in profit.

Yeah but capital gains (now 18% in UK jfl), also stamp duty initially.

Begs the question why buy in first place and there are better investments.

Real estate trading only worthwhile if you own loads of properties. Most people trying to buy don't have any

 

[RICHCELDOM]

Yeah but capital gains (now 18% in UK jfl), also stamp duty initially.

Begs the question why buy in first place and there are better investments.

Real estate trading only worthwhile if you own loads of properties. Most people trying to buy don't have any

ok even selling at a loss means you lost less money than renting assuming rent and mortgage is same per month

 

[uksucks]

assuming rent and mortgage is same per month

How would it be

 

[RICHCELDOM]

How would it be

Well it can be

 

[uksucks]

Well it can be

Probably only if you're 40+ and good career will a bank offer you a mortgage that good.
Also interest rates are unpredictable so you can't be so sure it will cost the same

A mortgage that good will only be offered to people who barely or didn't even need it in the first place

The main point of my thread is that 30yr olds of late 20s try to buy a house with their partner whilst earning 70-100k GBP and they take out a mortgage. It's compete cope, and wasted for them, do it 10 Years later and enjoy your 30s more

 

[SecularIslamist]

How would it be

Depends on deposit, interest rate, and length of term.

Anyway the golden years of owning a home are over. UK sucks as you would know by your username.

In fact just today they announced a rise in tax if you own a second home from 3 to 5%.

I'm a homeowner. I already own a home and part own another. I'm not gonna own another. The UK is so retarded it makes you a loser whether you own a property or not..

 

[uksucks]

Depends on deposit,

Yeah so in reference to what @RICHCELDOM said
There's a big opportunity cost in buying a house. It's not as simple as renting is always inferior

 

[thereallegend]

Whether you own it or rent

Where I live it's cheaper to own than rent

 

[OldRooster]

• If someone buys a car with finance, people roll their eyes because they cant really afford it, so why is it any different when buying a house?

The house is an appreciating asset, the car is not. Also mortgage interest is tax deductable (in the US). Also when you buy a car with a loan you have pay a shit ton for collision insurance.

 

[uksucks]

Where I live it's cheaper to own than rent

Where