Damn. So it’s cheaper to rent instead of own in America’s 50 largest metro areas. Yikes.

[Let A Fro Be A Fro]

 

[Windows 91]

Buying a home pre-pandemic might be one of the best decisions I'll make in my life.

 

[Pure Water]

NIMBYs

 

[Belize King]

Yeah, me and my wife got so much shyt to write off so we easily pass that standard deduction. I get it.

But even without tax breaks, ownership of a home/condo is an asset unlike renting.

That shyt is the kinda of smart dumb foolishness that circulates so much on social media having our people believe that is the way. It's a giant fukkin fleece.

About to get into tax liens this year. Hope to have one bought my end of year.

I’m 100% for buying houses. You can’t time the market nor when the FEDs will drop the rates. There are still gems to be bought. You just have to find those diamonds in the rough and do the numbers.

We were going to buy this summer but decided to wait a little while longer unless we find the right lick. Until then, we are still looking and adding to the investment bucket.

I tried the auction game in ‘18. Them boys are ruthless. Havent done the tax lien game though. Good luck! My Wife has a family home in Miami. They can’t pay their taxes. Long story.

We looked into seeing if anybody bought the tax lien on it and sure enough…

Cold world.

 

[Richard Glidewell]

This is how they keep you renting.........

 

[inndaskKy]

I feel sorry for anyone who isn’t educated enough and actually takes this at face value and thinks they’re winning by renting

Taking a mortgage is spreading your cheeks for the banking system and keeping a corrupted system of exploitation in place at the cost of others while falsely telling yourself and us that you're beating the system by playing it smart = c00ning

But go ahead and feel educated I guess

 

[Rekkapryde]

Good luck! My Wife has a family home in Miami. They can’t pay their taxes. Long story.

We looked into seeing if anybody bought the tax lien on it and sure enough…

Cold world.

Gotdamn.

 

[Braman]

Taking a mortgage is spreading your cheeks for the banking system and keeping a corrupted system of exploitation in place at the cost of others while falsely telling yourself and us that you're beating the system by playing it smart = c00ning

But go ahead and feel educated I guess

Geez this is sad. Godspeed brother

 

[the cac mamba]

I feel sorry for anyone who isn’t educated enough and actually takes this at face value and thinks they’re winning by renting

it's all about retiring. having a paid off house in your 60s vs still renting

 

[the cac mamba]

Buying a home pre-pandemic might be one of the best decisions I'll make in my life.

got a 15 year mortgage at 2.7

 

[Ezekiel 25:17]

No, it’s not. They never account for principal paid down, tax write offs and asset appreciation. Is this some sort of owner-class scam to convince the poors to be happy renting forever?

I feel sorry for anyone who isn’t educated enough and actually takes this at face value and thinks they’re winning by renting

it's all about retiring. having a paid off house in your 60s vs still renting

Is it possible to take the savings from renting and putting that in the market, then coming out on top?

 

[Sad Bunny]

Cap lmaoo

My mortgage is $2200 on 3500sq.ft smack in the middle of Brooklyn and Queens

Mortgage gang stand up

 

[Luke Cage]

No, it’s not. They never account for principal paid down, tax write offs and asset appreciation. Is this some sort of owner-class scam to convince the poors to be happy renting forever?

They also never account for the fact that you can eventually sell your owned property and potentially even see a nice return on your investment.
Like you said assets can appreciate in value.

Them rental payments are gone forever once paid,

 

[Sad Bunny]

Buying a home during the pandemic might be one of the best decisions I'll make in my life.

Fixed for my situation

 

[lightskin jermaine]

Owning a home is a generational wealth cheat code.