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

Robbie3000

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you ran everybody out of HL, nobody posts there except for your communists buddies, you got run out of TLR by ADOS remember? what are you even doing here?

your thread is dumb and you are giving bad advice

I’m not giving any advice you imbecile. I opened a thread for discussion purposes.

You replies have been pure trash, but then again, you are a trash poster.
 

the bossman

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nope its not relative at all, anybody telling you not to buy real estate is an idiot and doesnt know what the hell they are talking about

the only questions are when and how much (the answers are ASAP, as much as you can, respectively), not if

once you get it do not let it go unless somebody puts a gun to your head or you are buying something bigger,

after you get settled or rent it out start making plans to buy your next property
You repeating this over and over doesn't make it any more or less valid.

Thousands of black families followed your absolute advice about buying real estate. ASAP and "as much as they can". Many saw their wealth cut in half from the recession and still haven't recovered.

The housing collapse hit minorities hardest — and the impact is still being felt across America

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The recession, while painful for everyone, was especially disastrous for black Americans.

Now a report from the ACLU says that black families will continue to suffer the effects of this disproportionately for decades to come: By 2031, white household wealth will be 31 percent below what it would’ve been had the recession never happened, according to the report. For black households, wealth will be 40 percent lower, which will leave black families about $98,000 poorer than if the recession hadn’t taken place.
The Recession Was Much Worse for Black Americans

But if you don't buy real estate you're an idiot
 

Robbie3000

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One size fits all advice is seldom good advice. There are tangible benefits to renting which make it a viable and good choice for many lifestyles. For one, your liability is only the rent payment, everything else is the responsibility of the owner or owner's agent. You could be making sound investments in other aspects of your life e.g. Business, Stocks, and etc and simply not want to be encumbered by something like Real Estate that has carrying costs.


Don’t waste your time with dude. The guy is a trash poster and a simpleton who only sees the world in stark black and white lenses.
 

theworldismine13

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You repeating this over and over doesn't make it any more or less valid.

Thousands of black families followed your absolute advice about buying real estate. ASAP and "as much as they can". Many saw their wealth cut in half from the recession and still haven't recovered.

The housing collapse hit minorities hardest — and the impact is still being felt across America


The Recession Was Much Worse for Black Americans

But if you don't buy real estate you're an idiot

thats neither here not there, it doesnt follow that black people would have been better off not buying real estate
 

Robbie3000

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you should go back to HL and cry about black people not supporting Kamala

I was one of the first people to oppose Kamala. :hhh:

Your playbook isn’t even current, you trash ass poster.

Now quit begging for my attention and go play somewhere.
 

dora_da_destroyer

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nope its not relative at all, anybody telling you not to buy real estate is an idiot and doesnt know what the hell they are talking about

the only questions are when and how much (the answers are ASAP, as much as you can, respectively), not if

once you get it do not let it go unless somebody puts a gun to your head or you are buying something bigger,

after you get settled or rent it out start making plans to buy your next property
all real estate isn't equal, it is relative. if you buy where people aren't interested in living, or a city that's dying, you can easily see very little to negative appreciation. someone living is detroit might not want to buy because the revitalization efforts that started in the first half of this decade have slowed considerably, that city may still decline further. folks who were sold the dream of central valley cities taking off like stockton and modesto are sitting on houses not worth much more than they paid and of course they're isolated from job centers. what and when you buy have a lot of factors to consider, an across the board "buy if you can" is not always the best course
 

theworldismine13

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I was one of the first people to oppose Kamala. :hhh:

Your playbook isn’t even current, you trash ass poster.

Now quit begging for my attention and go play somewhere.

same difference, you and your comrades are always crying about something

thanks to me, hopefully this is the last time you make a thread with some dumb ass advice
 
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the bossman

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thats neither here not there, it doesnt follow that black people would have been better off not buying real estate
Losses from homes that are underwater or were foreclosed upon have far-reaching and long-lasting consequences for black families. For instance, black Americans saw larger declines in retirement savings than other groups in the years following the recession. The ACLU report suggests that this may be because they raided their accounts in order to cope with more severe losses and higher interest rates than their non-black counterparts.

At this point you're just willingly being obtuse. The black people impacted during the recession would've clearly been at the very least $100k better off with retirement still intact
 

TLR Is Mental Poison

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COL aint the only way to judge a city/the reason people choose to live where they live. we're having that discussion in the Cali thread right now. IMO, places like SF/NY/DC/LA/Miami and even Chicago have a lot more to offer than cities like dallas, charlotte, denver, austin, pittsburg...they're also more diverse which matters to me. maybe if i had kids i'd be cool putting COL over everything, but i'm not living where my kids don't have a wide variety of successful black people to look up to, and that severely limits the cities in which i'd live.
There are plenty of successful black people outside of big cities... I know a lot and have convinced a few to move here

Those places are def more diverse, which I do miss and value, but only so much

The way I view those cities... they are a good place to cut your teeth and start a career, but not settle down IMO
 
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