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
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#234911
Rentoid math
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Top Poster of the Day:
911roofer
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)
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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: 4a17930
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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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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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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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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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