Owning a house sounds cool, but is utterly retarded.

[Markus99]

Positives
1. Sounds cool to say you own a house (despite you probably own like 10-30% so aka you dont really own it, it's a lie.)

Negatives
1. Stuck in 1 place forever
2. Have to pay 400k for a 300k house because of interest
3. Interest rates unpredictable. Could be paying 1000 per month, then 2000 per month
4. If you ever lose your job your absolutely fucked
5. 30k upfront





Rent forever.

You get freedom + no risk + cheaper

 

[Blond3cel]

Poor kids talk.

 

[lurks]

AAAD lifestyle>

 

[Markus99]

AAAD lifestyle>

whats that

 

[Markus99]

Poor kids talk.

youre a broke boi, stay stuck in 1 place forever son

 

[Markus99]

@Underdog9494 why u liking everything jigga

 

[Niko.]

Only cucks buy houses. You should have land like every normal natural living being who is not a slave does.

 

[Underdog9494]

@Underdog9494 why u liking everything jigga

I rep everything, always. Because of you greycels, if you would've done your job and repped people i wouldn't have to go in threads and rep everyone

 

[chudlite]

AAAD lifestyle>

i knew you had less than 500 posts from this post

 

[RVLclassy]

Positives
1. Sounds cool to say you own a house (despite you probably own like 10-30% so aka you dont really own it, it's a lie.)

Negatives
1. Stuck in 1 place forever
2. Have to pay 400k for a 300k house because of interest
3. Interest rates unpredictable. Could be paying 1000 per month, then 2000 per month
4. If you ever lose your job your absolutely fucked
5. 30k upfront





Rent forever.

You get freedom + no risk + cheaper

You do realize you can use your house as a tool to finance other things right? Also, as far as interest rates you can choose between fixed and non fixed rates as well as refinance. With renting you have nothing to your name, and if you stop making money you are fucked either way. Positives for owning is you can actually do what you want to the place cause its yours, you have something in your name that you can leverage, and the money invested in it will most likely grow in value or at least remain somewhat constant.

 

[Markus99]

You do realize you can use your house as a tool to finance other things right?

like what? and who cares? thats literally not a big deal

Also, as far as interest rates you can choose between fixed and non fixed rates as well as refinance.

fair

With renting you have nothing to your name

same with mortgage. the first 15 years is basically just paying purely interest, barely any equity. only the final 15 years you begin paying equity into the house

if you stop making money you are fucked either way

nah if u lose ur job with a mortgage u default on ur payments, lose ur house, credit fucked, have to start again etc


if you lose ur job while renting u just stop the renting and go back to ur moms house for a bit

Positives for owning is you can actually do what you want to the place cause its yours

muh make it pretty

 

[uksucks]

Yeah owning a house is only a brag if you bought it outright with no mortgage

Or if you could have done that and have a low mortgage with good terms for more capital

But people who pay their mortgage and have nothing left over at the end of the month fell for the meme

 

[RVLclassy]

I rep everything, always. Because of you greycels, if you would've done your job and repped people i wouldn't have to go in threads and rep everyone

like what? and who cares? thats literally not a big deal


fair


same with mortgage. the first 15 years is basically just paying purely interest, barely any equity. only the final 15 years you begin paying equity into the house


nah if u lose ur job with a mortgage u default on ur payments, lose ur house, credit fucked, have to start again etc


if you lose ur job while renting u just stop the renting and go back to ur moms house for a bit



muh make it pretty

what kind of dubious ass mortgage are you taking that would warrant paying 15 years of interest off it? The interest would be just around 1/5th or so of the total loan if you get a somewhat normal rate. As to defaulting sure thats a fair risk, but you can always sell it and get partial equity back, and not everyone can just move back in with parents, and lastly "make it pretty" is a retarded argument idk how anyone could stay in a place for tens of years without being able to make it to their liking, without killing themselves. Also, its a huge deal being able to use your home equity as a finance tool, I believe you need to look into what you can achieve with that more because it's certainly important.

 

[Markus99]

what kind of dubious ass mortgage are you taking that would warrant paying 15 years of interest off it? The interest would be just around 1/5th or so of the total loan if you get a somewhat normal rate. As to defaulting sure thats a fair risk, but you can always sell it and get partial equity back, and not everyone can just move back in with parents, and lastly "make it pretty" is a retarded argument idk how anyone could stay in a place for tens of years without being able to make it to their liking, without killing themselves. Also, its a huge deal being able to use your home equity as a finance tool, I believe you need to look into what you can achieve with that more because it's certainly important.

look into what amortization is. first half is basically paying off interest, 2nd half is where you start gaining equity (aka after like 15 years)

 

[Unhuman]

Positives
1. Sounds cool to say you own a house (despite you probably own like 10-30% so aka you dont really own it, it's a lie.)

Negatives
1. Stuck in 1 place forever
2. Have to pay 400k for a 300k house because of interest
3. Interest rates unpredictable. Could be paying 1000 per month, then 2000 per month
4. If you ever lose your job your absolutely fucked
5. 30k upfront





Rent forever.

You get freedom + no risk + cheaper

Landlords increase the inflation rate- their biggest contribution to the economy. It is not freedom to have your meager wages stolen by a greedy landlord through rent increases.

 

[RVLclassy]

look into what amortization is. first half is basically paying off interest, 2nd half is where you start gaining equity (aka after like 15 years)

I know what amortization is but it certainly shouldnt be 15 years of straight interest unless you got boned on the rate. But I will agree 30 yr loans in general are retarded, you shouldnt be buying something that you can barely afford in the first place.

 

[Kelly Oubre Jr]

all your points are about mortgages not house ownership