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https://old.reddit.com/r/REBubble/comments/18zbp90/the_part_that_most_homeowners_are_in_denial_about/kggmr64?context=8

Wow this sub is full oof bootlickers in denial about how little they actually own. Cant wait to see the cope from you all when this bubble pops.

:cope:

https://old.reddit.com/r/REBubble/comments/18zbp90/the_part_that_most_homeowners_are_in_denial_about/kggqx5o?context=8

This sub is full of morons. Hur Dur, house cost more cause of interest and ownership, but don't mention tax benefits or owning something for yourself. Jesus.

Have you ever actually calculated what those tax benefits are, especially after the 2017 changes to the standard deduction and implementation of the SALT cap? It does not even come close to making up for the difference between PITI and rent.

'Owning something for yourself' is a nice thought, but isn't going to pay for my kids college or my nursing home. You can't just laugh away these things because it was so easy for you.

:cope:

https://old.reddit.com/r/REBubble/comments/18zbp90/the_part_that_most_homeowners_are_in_denial_about/kggfgac?context=8

Now calculate how much would have been paid in rent.

Average rent is about $1,700.

1700 * 12 * 30 = 612,000

So about $300,000 less without accounting for maintenance,repairs, property tax, etc.

$300,000 / 30 / 10 = $833.33

$833 invested a month for 30 years with an average return of 7% per year, compounded quarterly, gives you $1,002,339.39

Looks like the renter comes out ahead depending on how you look at it.

Why would rent stay constant for 30 years?

My landlord hasn't raised rent in 3 years. The guys point about individual circumstances is on the money

It's not worth discussing outliers.

i get how these morons stay poor lmfao

It's far far less, even not accounting for the income generation of the capital that would otherwise be spent. The romance of owning isn't that cute.

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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>Cant wait to see the cope from you all when this bubble pops.

Can't wait to see how these people cope once the mortgage rates drop and home prices skyrocket again. :marseylaugh:

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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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Burger Coast real estate getting hit

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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$833 invested a month for 30 years with an average return of 20 DoorDash deliveries per month, gives you $1,002,339.39 of basically free food DELIVERED TO YOU

:marseysoylentgrin:

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>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.

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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Renters come out ahead! Landlords are constantly losing money by sucking so hard!

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oh well ACTUALLY its a good thing i cant afford to buy a house

these dudes will genuinely own nothing and be happy, im impressed

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>owning something for yourself.

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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So about $300,000 less without accounting for maintenance,repairs, property tax, etc.

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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