https://old.reddit.com/r/REBubble/comments/18zbp90/the_part_that_most_homeowners_are_in_denial_about
Like how the top comment calls him out 
/h/peakpoors
Patriarch-ristmas
Land/lord
Patriarch of Dramastan
10mo ago
(reddit.com)
603 thread views
#234911
Rentoid math
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Top Poster of the Day:
peepeehands
Current Registered Users: 28,684
I see the poors are pretending to be big wallet niggas again est. 2016
Hello, welcome to 'I see the poors are pretending to be big wallet gangstas again'
This hole exists as a safe space for refugees from the Facebook(MetaTM groups of the same name. Of which there have been several iterations. We mostly exist to poke fun at the state of living in poverty. While it oftentimes is unavoidable, we do aspire to not be meanspirited. Over the years we have co-opted the term 'Peak Poor' to being someone who exudes poverty, regardless of their actual net worth. Trump and Elon both exhibit the peak poor ethos from time to time while still being the top 0.000001%. You can do something peak poor and still be a good person or a generally adjusted one. We all have a bit of poor in us.
We basically fill a niche similar to fatpeoplehate with a bit less actual malice.
PeakPoor is shotgunning mountain dews at 5 years old.
PeakPoor is not people dying of poverty. While technically the greatest heights of poverty is succumbing to it this is not funny, and is a failure
of capitalism. We do not make fun of poverty to be mean spirited such as that.
Read the room, if it's punching down too hard or really digging into someone whos a sympathetic character it doesn't belong here. (basically READ THE ROOM)
Sitewide rules apply
other rules
Subscribe to this hole, it's important that we get our numbers up. Love numbers = peak poor
Bonus points for making your post title some variation of peak poor. (Pinnacle of Poverty, Prowess of the Penniless)
I am looking for a mod who will help me grow this place and encourage the facebook community where the majoryity of our members reside
to migrate. Contact me if interested.
I really do love you all so very much, i'm even spending drama coin to get some banners and marseys. thanks for being a part of the community.
/h/peakpoors SETTINGS /h/peakpoors LOG /h/peakpoors MODS /h/peakpoors EXILEES /h/peakpoors FOLLOWERS /h/peakpoors BLOCKERS
Current software version: d7759c7
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CMV: mortgages are just forced investing for rslurs who can't figure out how to open a brokerage account.
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10 years later…
!homeowners represent
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This except my mortgage is $300 less than my rent was for double the square footage plus 2 yards, no human wastelands stomping on my ceiling, and I can make as much noise in my goon cave as I want.
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my mortgage is $850, rents around here are already 1600-2400 for anywhere that isn't the hood.
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Mortgages are a safe investment that your kids can live in. Not to mention they lock in a major portion of your cost of living to a fixed rate. If you like renting by all means keep getting fleeced but don't begrudge homeowners because they like stability.
Plus, only poors don't have a house and a brokerage account. They're not mutually exclusive, dumbass.
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I haven't made that little in like 10 years but sure, you do you.
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Talmbout houseless Jimie bb
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is he really? I just thought he was a rentoid
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Same thing
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Real estate investing is the only leveraged investing regular folks have access to.
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This is true, and the very next question you should ask yourself: why, in other contexts, are we reluctant to loan hundreds of thousands of dollars to morons with zero financial insight?
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Different risk profiles. It mostly comes down to the probability of being down x% where x is inverse to the leverage. No one cares if pa kent loses his house. They just care if they can recover their loan by seizing the assets, and they usually can.
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Be sure to take advice from these people! Leverage yourself to the hilt and buy hooomes!
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If you want to get rich its a good strategy. You're much more likey to go from nothing to tycoon by leveraging to the hilt, and your downside is pretty limited. You just go bankrupt.
Asymmetric risk profile like that is pretty attractive.
That's pretty irrelvant to whether buying one particular house makes sense. There are plenty of online calculators where you can plug in assumptions and see if it makes sense.
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My 40 square feet of lawn means I'm better than you.
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In 30 years maybe you'll finish buying your house from the bank.
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Paid my house off when I was 29
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Housing prices can run away from you if there's a period where the S&P underperforms housing. Breaking into homeownership is a big up front investment that becomes more rewarding the longer you've finally started owning.
You don't have to be 90% invested in your home. Considering both the value of the home and the mortgage, only 25% of my net comes from my home, but the value of that home equity can be moved from place to place as I sell and buy elsewhere.
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this tard doesn't understand property ownership is a ladder
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Get in now, don't miss out on the chance to finance some boomer's luxury retirement! This could be your last chance!
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Unless you're buying from a boomer Los Altos who is moving out of state, that's not what's going on. You're just way off the mark, too many black pills.
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Only goldbugs and cryptobros rival real estate dorks with how zealously they promote their preferred asset class.
Don't you understand, Throwing Money Away™ on rent is totally different from throwing money away on mortgage interest!?
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Most Americans have the majority of their net worth in their primary residence.
Meanwhile my EOY net worth statement shows 27% of my net worth is in my primary residence and even that makes me nervous.
I wouldn't be able to sleep if 90% was tied up in one asset
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Houses are like Sears and Roebuck. Someday soon they won't have a reason to exist and you'll be holding the bag!
If you have a house you should sell it and invest in green ETFs
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https://old.reddit.com/r/REBubble/comments/18zbp90/the_part_that_most_homeowners_are_in_denial_about/kggmr64?context=8
https://old.reddit.com/r/REBubble/comments/18zbp90/the_part_that_most_homeowners_are_in_denial_about/kggqx5o?context=8
https://old.reddit.com/r/REBubble/comments/18zbp90/the_part_that_most_homeowners_are_in_denial_about/kggfgac?context=8
i get how these morons stay poor lmfao
yeah bro just sleep in your car and invest in SPY bro, what? why would you need to live in a building? just invest in SPY bro the number gets bigger that way.
Doing a bit of work because this sub is such a goldmine, make an acct and post banal shit for a few days in there, then when you see a cope post like this (there will be more) you can get people SO mad by saying "oh if its cheaper to rent then you shouldn't really worry about not being able to buy a house!"
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This, but unironically.
The mortgagecel cuck seethes at the box truck Chad.
Do you want to retire at 35 or do you want a lawn for your dumb kid to run around and your dog to shit in? There are plenty of reasons to buy a house, they just aren't really financial ones.
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Literally all you have to do is shallowly manipulate the good will of others and you're on easy street. We should all be doing this.
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Can't wait to see how these people cope once the mortgage rates drop and home prices skyrocket again.
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I don't get why they think it will pop? Burger population is still growing, rates are high which drive down prices due to what banks will lend, supply is still constrained, rules haven't been loosened.
There's nothing about this situation that makes it seem like it'll pop when money is more easily accessible.
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Because housing prices are lopsided with the majority of the increase coming from coastal cities that are depopulating as jobs go elsewhere. Houses in the midwest might be depreciating in real terms even now. And cities are relaxing building codes and laws to get more housing.
The interest rates also don't seem to be going down any time soon, and if people are forced to sell, there will be at least a slight crash.
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Aren't those same cities still seeing population booms?
Burger Coast real estate getting hit would be funny as the overpaid tech tards on reddit lose their mind.
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cheap housing in flyover states is history now that codecels can work from anywhere
literally any day now, housing in flyover states will be worthless
Two completely true statements
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This has been the real estate story of the year. Mostly in corporate real estate but the dominant line of thinking has been that the personal real estate market will follow.
https://www.ft.com/content/b75ee051-f06b-4a9d-9440-625b29be95f9
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im really hoping it keeps going only because i wont be able to make bubblers mad if it does pop
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there's not a bubble, it's just supply and demand
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I know but theres a part of my brain going "oh frick what if it is a bubble?" Since I'm gonna be moving soonish and don't wanna see my equity get vaporized
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Bubbles require some farcical element, like a product nobody will actually use, or a buyer permitted to purchase something they could never ever afford
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Biggest thing that keeps the thought at bay is that bubbles pop rather than holding flat for a long time
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Renters come out ahead! Landlords are constantly losing money by sucking so hard!
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these dudes will genuinely own nothing and be happy, im impressed
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an argument that applies equally to a funkopop collection.
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I viewed a house a bit ago that was trying to sell before being foreclosed on. One wall was entirely funkos
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Offer significantly above asking price but only on the condition that they leave the Funkos
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Cursed house
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But also landlords are greedy and need to be killed. Which is it r-slur?
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These r-slurs forget that rent goes up?
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Literally, yes
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Stocks are meme tier but everyone believes in them so I have to as well.
In buying the Costco gold bar for real
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Where can I go where a year is only 10 months long? I'm salaried so that would be huge for me
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/u/flayum is a fricking idiot who's throwing bad rentoids maths all over the thread, and they use the term "good faith".
https://old.reddit.com/r/REBubble/comments/18zbp90/the_part_that_most_homeowners_are_in_denial_about/kgh3ppr?context=8
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If owning was worse than renting then his landlord would be 100x bankrupt
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Even if this post actually made sense, if you're a rentoid for 30 years @ a generous $2,500/month, congrats poor, you've pissed $900k down the potty and have precisely nothing to show for it aside from bragging rights about your proximity to your favorite taco truck
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I pay half in mortgage, principal+interest, for 3000 sqft than what a rentard pays for 900 sqft with Pakistani neighbors always cooking their slop and screaming in Chinese.
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Bought my house in 2013, mortgage (including property taxes) was $620. I love the midwest.
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My flat cost me GBP £36K and I paid it off in under 3 years 🙂
I do live on a council estate in one of the most deprived areas of Scotland, surrounded by Orange Order types, though.
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Rent's cheaper than houses right now. It varies. The main reason people need to buy homes is because their r-slurred asses can't save money.
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There is always a house for sale at fair market value where the mortgage will be less than your current rent. And there will always be someone to buy it from you in five years.
If there's nobody to buy it later that just means you can afford a second house to rent out to some loser
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Rent may be cheaper sometimes but renting still means you never own the asset you live in
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Not a big deal if you're rich and busy but it is nice to be able to do what you want with a property.
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Quite right, point is most rentcels are not rich and busy types who understand how to leverage renting a place to their financial advantage. They are poorcels living beyond their means and don't even know it most of the time
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Eh the coastal yuppies are rich and busy. Who else exists?
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For every coastal yuppie with actual money there are at least 5 coffee shop wagies pretending they can also afford it who spend their off hours bitching about how high the rent is on twitter
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Why should I acknowledge those people exist?
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Idk in the current market i just don't really care to buy a house. Interest rates make the break even time ridiculous
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If you buy a house rn in anything but cash, you're r-slurred
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Did you know that if you decide to pay your mortgage off ahead of schedule, the bank is FORCED to accept your money?
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The top comment has been removed lmao
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I got diagnosed with covid today
I was pretty bummed out about it
But then I realised that the pharma-bosses and the Chinese biowarfare agents would be far happier about me catching covid than I would be depressed about it
So the net happiness in the world would increase
So whatever...
Snapshots:
undelete.pullpush.io
ghostarchive.org
archive.org
archive.ph (click to archive)
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