Why do some people consider paying rent throwing money away?

[↓R↑LYB]

Already stated you don't own the Land. This isn't 1822 your kids aren't going to grow up in your house and taker over when you die. Like someone stated why when you rent you can call someone and they fix your shyt. IE if its new shyt like furnace or a sink. Other than that for other shyt you can do exactly what you want and not be hassled.

That's true, but that property then becomes and asset/investment that you can pass down to them. They can sell the house for cash or use it for rental income.

If all you do is rent, you'll nothing to pass down.

 

[TruStyle]

@ these nikka actings like paying off a mortgage is the RAREST thing ever and equating paying back a home loan = miracle work.

Its not that fukking hard if you have any common sense and buy what you can afford.

Sure there is special circumstances to every situation that cant be helped but thats life.

Paying rent is for suckers. You nikkas talking bout im single, im fine with my 800sq ft apartment for life.

You gonna be single and 58 living in that bytch too. Keep lining a landlords pockets with cash.

Renting is fine for short stays, but if you renting for more than 4 years, Kill your self



Now ill wait for you homo ass bytch made fakkits to come talk about "but i aint gotta worry about nothing if it breaks at my apt, they fix that"
Well im sorry you dont have a father to teach you shyt like a man. fukk outta here @ you lil boys calling men to come help you cuz the furnace went out or the sink is dripping.
Yall call your selves men, oh i forgot, you the same nikkas that cant change a fukking flat tire, Stay renting like some fukkin suckkas.

Dont bother me none

For any clown who wannna say something, i bought my home recently and that bytch is over 40% paid off. Im not even a year into my 30year fixed rate loan at like 3.4%. Living good out chea. @ you clowns paying 800$ month for 700 sq ft and having to keep it down after 10pm. Might as well live at home

 

[thegreatwb]

@ these nikka actings like paying off a mortgage is the RAREST thing ever and equating paying back a home loan = miracle work.

Its not that fukking hard if you have any common sense and buy what you can afford.

Sure there is special circumstances to every situation that cant be helped but thats life.

Paying rent is for suckers. You nikkas talking bout im single, im fine with my 800sq ft apartment for life.

You gonna be single and 58 living in that bytch too. Keep lining a landlords pockets with cash.

Renting is fine for short stays, but if you renting for more than 4 years, Kill your self



Now ill wait for you homo ass bytch made fakkits to come talk about "but i aint gotta worry about nothing if it breaks at my apt, they fix that"
Well im sorry you dont have a father to teach you shyt like a man. fukk outta here @ you lil boys calling men to come help you cuz the furnace went out or the sink is dripping.
Yall call your selves men, oh i forgot, you the same nikkas that cant change a fukking flat tire, Stay renting like some fukkin suckkas.

Dont bother me none

For any clown who wannna say something, i bought my home recently and that bytch is over 40% paid off. Im not even a year into my 30year fixed rate loan at like 3.4%. Living good out chea. @ you clowns paying 800$ month for 700 sq ft and having to keep it down after 10pm. Might as well live at home

I thought about one of my old friends while reading this. Dude had an apartment in a really nice neighborhood.It was a low crime area with mostly white and Asian people. He went and bought a brand new Nissan Maxima and put some nice black 22's on it. Within 48 hours, his car was sitting on bricks outside his apartment.

Shortly after, dude bought a house and kept his car in the garage.

 

[Creeper]

Got a 3 bedroom pad last year and now I rent out the other 2 rooms. They pay more than I do for rent and I have the master bedroom with my own bathroom

 

[Based Lord Zedd]

SMH at these generic arguments against apartments.

"But...but...you have to be quiet at night." Same thing is true if you have a house, unless you have enough property to where you don't have neighbors.

"I can do whatever I want in my house and on my property. " Depending on where you live you absolutely can catch shyt for how you behave in and around your own house. My parents live in a decent neighborhood where there's rules on what kind of vehicles you can have and where you can park them. I've lived in houses where the city sends out inspectors that can fine you for basic shyt.

I live in an apartment now and while there are more rules, and my neighbors our closer to me, the difference in freedom I have compared to someone who lives in a house isn't that wide. No matter where you live you aren't ever going to be truly free to do as you please, unless you retreat from civilization completely.

The difference between choosing apartment / home is a financial decision based on what you trying to do and your situation. If you're basing it on how loud you can be at 11pm you're an idiot.

 

[Skooby]

I'm not planning on buying unless I'm staying in that location for at least 10+ years. I plan on moving across the country at least two more times for my career.

 

[Padron1926]

Buying vs renting is very very much based on which part of the country you are in

Patrick.net

 

[Jahmal]

Their mindset is you're putting money into something that you don't own or will never own.

You could pay a mortgage for 30 years and the value of your house could decrease during that time.

 

[CrimsonTider]

u should do your research. its advised, and for good reason, to have 20% before u buy a house. the people who didn't, well, u remember 2008 dont u?

Those people in 2008 had adjustable rate mortgages.

The most you have to put down is 4.5%. and it is a fixed rate.

Do your research because you have no idea what you are talking about

 

[Loose]

You could pay a mortgage for 30 years and the value of your house could decrease during that time.

Who doesn't put $ into their property , and who the hell owns homes for 30 years nowadays anyway

 

[CrimsonTider]

You could pay a mortgage for 30 years and the value of your house could decrease during that time.

You still have an asset that can be sold though.

When you rent you are paying for somebody else's mortgage on their property.

Added to the fact that they can change how much they want you to pay anytime they want.

When you have a mortgage it the same payment no matter what

 

[Loose]

You still have an asset that can be sold though.

When you rent you are paying for somebody else's mortgage on their property.

Added to the fact that they can change how much they want you to pay anytime they want.

When you have a mortgage it the same payment no matter what

exactly lol at being happy about paying somebody elses damn mortgage clowns.

 

[Shammago]

POWERFUL THREAD!!!!

WE NEED MORE THREADS LIKE THIS.... KNOWLEDGE IS POWER

 

[TRUEST]

Those people in 2008 had adjustable rate mortgages.

The most you have to put down is 4.5%. and it is a fixed rate.

Do your research because you have no idea what you are talking about

you're an idiot. to embarrass you some more, i'm gonna pose some very simply questions for you.

so those people who had to put down 4.5% (the most as you call it), now, if say the price of their house was $250,000 (which is pretty cheap), how long would it take them to complete the payments on that house and actually own it?

this is a very simple question for the man/woman/hermaphrodite (or whatever you are) who has done his research. please enlighten us.

oh by the way, dont even think of ignoring this post because i will torment your ass till u learn never to quote any of my posts again. u should already know by now ur beneath me and ur opinions are really for amusement. think of me and think of a King sitting on his throne and looking down at his newborn puppies playfighting. thats what ur like to me. its cute, funny and really amusing. so continue on

 

[Loose]

you're an idiot. to embarrass you some more, i'm gonna pose some very simply questions for you.

so those people who had to put down 4.5% (the most as you call it), now, if say the price of their house was $250,000 (which is pretty cheap), how long would it take them to complete the payments on that house and actually own it?

this is a very simple question for the man/woman/hermaphrodite (or whatever you are) who has done his research. please enlighten us.

Loans are Typically 30 years regardless of the amount put down, your interest rate will just be significantly higher then it could be with a larger down payment.

But a lot of people (like my self) get away with shrinking the 30 year home loan by putting extra money down on the principle.