Renting and reinvesting the savings from renting, will outperform owning and building equity

dora_da_destroyer

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Pay the Bank for 30 years brehs.. :mjlol:
So I pay the bank for 30 years and own a home outright, and you’re still paying rent...that’s laughable? :huh:

I can even use high ass Bay Area property taxes as an example..,home paid off, all I do is pay property tax...$1000/month, while a reasonable 1/bd apartment costs $2000+/month...you’re still doing better? :huh:

I can sell that home for $800k pure profit (excluding taxes) and you’re still paying $2000/month...this is a better outcome? :huh:

I can stay my old 62 yr old ass right there and chill, because it’s mine...you’re 62 and getting booted out your rental, hell maybe even your city or region, because rent went up to $3000/month and you can’t afford to live there anymore...that’s funny? :huh:
The wealth gap is because we've been duped into paying banks (the same family's that enslaved us) interest for us to live in a home... and property taxes...
They're maintaining their stronghold on wealth...
While ur trying to pay them (buying a house) so u can be wealthy..
That's another convo....

Again brother... you dont own that house. No matter how u try to say it ..
Stop paying ur mortgage bro..

And yes, u can sell the house. Not after u pay it lender off 1st with the proceeds ...

The same way I could sell my friends car for him.
If he wanted 5k for it...
I could sell it for 6k and keep the stack..
I do NOT have ownership of that vehicle tho
:why:

Breh, do you...but if you have kids, please don’t try to impart any financial wisdom on them, not your strong suit.
 
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Robbie3000

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So I pay the bank for 30 years and own a home outright, and you’re still paying rent...that’s laughable? :huh:

I can even use high ass Bay Area property taxes as an example..,home paid off, all I do is pay property tax...$1000/month, while a reasonable 1/bd apartment costs $2000+/month...you’re still doing better? :huh:

I can sell that home for $800k pure profit (excluding taxes) and you’re still paying $2000/month...this is a better outcome? :huh:

I can stay my old 62 yr old ass right there and chill, because it’s mine...you’re 62 and getting booted out your rental, hell maybe even your city or region, because rent went up to $3000/month and you can’t afford to live there anymore...that’s funny? :huh:

:why:

Breh, do you...but if you have kids, please don’t try to impart any financial wisdom on them, not your stron suit.

I do agree that going in to retirement I would like to own my own house and control my expenses.

I’m just looking at the best and least expensive way to go about it. I like my strategy so far.
 
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Pimp

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So I pay the bank for 30 years and own a home outright, and you’re still paying rent...that’s laughable? :huh:

I can even use high ass Bay Area property taxes as an example..,home paid off, all I do is pay property tax...$1000/month, while a reasonable 1/bd apartment costs $2000+/month...you’re still doing better? :huh:

I can sell that home for $800k pure profit (excluding taxes) and you’re still paying $2000/month...this is a better outcome? :huh:

I can stay my old 62 yr old ass right there and chill, because it’s mine...you’re 62 and getting booted out your rental, hell maybe even your city or region, because rent went up to $3000/month and you can’t afford to live there anymore...that’s funny? :huh:

:why:

Breh, do you...but if you have kids, please don’t try to impart any financial wisdom on them, not your stron suit.
That's not how it works.

It's better when your money makes money. Be a slave to your job for 30 years and think that's life. Live in the same house for 30 years lol..
 

dora_da_destroyer

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That's not how it works.

It's better when your money makes money. Be a slave to your job for 30 years and think that's life. Live in the same house for 30 years lol..

In 9/10 cases your home appreaciates and you make money on it....:beli:

Owning a home also doesn’t inhibit you from investing elsewhere. Owning a home also isn’t the only reason you’re a slave to your job...try not working and not paying your rent, car not, credit cards, student loans...or buying groceries, clothes, paying for childcare, or health care and prescriptions :comeon:

And I love when people post “guru videos” as their reply, shows a lack of your own well formed opinions and critical thinking.
 

Pimp

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In 9/10 cases your home appreaciates and you make money on it....:beli:

Owning a home also doesn’t inhibit you from investing elsewhere. Owning a home also isn’t the only reason you’re a slave to your job...try not working and not paying your rent, car not, credit cards, student loans...or buying groceries, clothes, paying for childcare, or health care and prescriptions :comeon:

And I love when people post “guru videos” as their reply, shows a lack of your own well formed opinions and critical thinking.
I'm filthy in real life. Sometimes you should listen instead of talking. 98% of people don't understand the game and that's why they live average or below.
 

dora_da_destroyer

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I'm filthy in real life. Sometimes you should listen instead of talking. 98% of people don't understand the game and that's why they live average or below.
Lol @ filthy in real life, my balance sheet more than proves that I should be talking in this thread, not listening. and you’re right, most people don’t understand the game because they’re listening to dumb, blanket advice.
 
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