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№11944[Quote]
Most people dont own homes and are renters or some mortgage payer. Most rich kids dont really own a home unless their parents bought. The median household income in usa 100k. Most people dont own anything.
№11963[Quote]
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>>11909 (OP)I'm in my 40s and my mortgage will be paid off by 2030.
I'm going to be so fucking rich with no mortgage payment.
I think I'll get a Corvette ZR-1 in 2030.
№11965[Quote]
>>11909 (OP)Fren, people live very different lives. I was born in 82 and don't own my own home. I live in an apartment. Don't judge based on what other people have done. Judge what you can do to better yourself.
№11970[Quote]
>>11963It's crazy because literal retard Africans have their own mud huts which they own. They probably don't have any debt.
They might be poor but they have a place to call their own, they also aren't cucked to government bullraisin such as property tax.
You will still need to pay property tax btw.
Westerners are actually poorer than Africans because most are in the negative net worth, nobody owns houses. That's pretty surreal when you think about it
№11978[Quote]
>>11909 (OP)I bought a house, but I'm reconsidering whether it was a good choice. It has probably been a boost to how fast my net worth is increasing, but if I move and don't sell the house within the next 3 years I'd have to pay capital gains taxes on any difference between the buy and sell price, so my mobility has been hampered somewhat. I also have to pay to heat and maintain the entire house, rather than just a portion of an apartment building.
I could buy a second house or rent an apartment and rent out my current house, but then I'd be more likely to have to pay capital gains taxes when I eventually sell. Realtor fees are about 6% too and the seller usually pays all of the fees.
№11984[Quote]
>>11974So what if your home doubled?
№11986[Quote]
I just dont see the point of owning a home as its a liability.
Family decided to own three homes and rent them out, but its just a burden.
The value you gain is taxed away like everything else, inflation steals the value and then you've got mandatory property taxes/rates/council taxes and then the maintenance costs of the property.
Then you're capital is locked in a home and land and subject to the rules of the always changing democracy.
Its just not worth the fucking hassle.
№11988[Quote]
>>11984I suspect you're trying to express: in order to make use of the increase in value you'd have to become houseless, meaning you have to pay rent, and because most things cost more nowadays the amount of money you got from selling the house would probably just get spent on rent rather than anything more useful.
№11989[Quote]
>>11986Houses are for rich people.
>>11988Pretty much this unless youre a speculator.
№12044[Quote]
>>11974The housing market is crashing. You can't sell.
California has some of the worst taxes in America
№12045[Quote]
im 36 and im living in my parent's home… i have a relatively high paying job and saved up for a (what used to be) sizable downpayment of ~200k, but with this mortgage rates I can't afford to move out. it's fucking pathetic i hate this gay earth
№12058[Quote]
>>12044Yeah, he can.
The entire "market" for everything is pretty much rich people buying and selling to each other. lmfao.
If his home is in a prime location and not bum fuck no where, he has no issue.
№12078[Quote]
>Be me
>30
>tax advisor
>recently got a new job earning £117k per year
>top 2% of salaries in the UK
>£80k saved for a deposit
>looking at houses recently
>can just about afford a 3 bed semi-detached house in a rough area in the south east
I just can't see how this market is sustainable
№12093[Quote]
>>12078its sustainable because 10 working age indians will live in a 2 bedroom house and all contribute to the mortgage
№12096[Quote]
>>11970part and parcel for living in a
(((first world nation))) №12115[Quote]
>>>11909 (OP)>Fren, people live very different lives. I was born in 82 and don't own my own home. I live in an apartment. Don't judge based on what other people have done. Judge what you can do to better yourself.>>11965>>11965Based, good advice anon
№12136[Quote]
I was thinking of taking out a jewloan to buy a mchome but I don't see myself living in a western country in 5 years
№12208[Quote]
>>12136A mchome is over 1m bro
№12209[Quote]
>>11965So..you lost…got it.
№12211[Quote]
The American median household income is $110K.
Majority of Americans don't own "homes," they own raisin boxes.
№12213[Quote]
>>12136mchomes cost over a 1m
№12261[Quote]
>>11978Holy raisin I didn't know that. So are all appreciating assets taxable for capital gains now? They are REALLY trying to keep the average joe out of owning a house.
№12311[Quote]
>>12261>So are all appreciating assets taxable for capital gains now? This would never happen.
>They are REALLY trying to keep the average joe out of owning a house.Depends what you mean by house? To me, only houses in or near big cities count. A shack in the middle of nowhere doesnt count.
№12324[Quote]
>>11909 (OP)the market cap rate is pathetic
№12395[Quote]
bump
№12469[Quote]
Nah just chill ..I didn’t buy a house until I was 30+ and I have quite a bit of wealth now. Back in 90s only soy’s gave a fuck about owning a home before 30. House prices coming down over long term now anyway.. saved a few frens from fomoing 3 years ago prices here down 30% from then .. It’s a new era of stagflation and higher interest rates so house prices will fall back to fair historical value which is 3X gross income .. just sit back and relax ..enjoy your life