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Do people realize that when they get a mortgage they're paying 2x the price?

For example, if you buy a $500k house and get a $400k mortga...
swollen harsh digit ratio macaca
  05/11/18
As opposed to paying even more in rent over 30 years.... ...
deranged cuck gaping
  05/11/18
Why don't people just live with their parents rent free unti...
topaz messiness
  05/11/18
Lol at this goy understanding of finance
translucent spot athletic conference
  05/11/18
...
Cyan Police Squad Locale
  05/11/18
Bro, you think paying $750k in principal & interest + $2...
swollen harsh digit ratio macaca
  05/11/18
lol (Dave Ramsey's retarded brother)
Honey-headed beady-eyed nibblets dog poop
  05/11/18
You probably won't even break even.
swollen harsh digit ratio macaca
  05/11/18
Or you could not buy the house and pay nothing, right?
adventurous school cafeteria striped hyena
  05/11/18
Buy one of those micro homes for $40k, all-cash, and call it...
swollen harsh digit ratio macaca
  05/11/18
So your solution to the expenses of buying a nice house is t...
adventurous school cafeteria striped hyena
  05/11/18
https://www.realtor.com/realestateandhomes-detail/5629-Idlew...
swollen harsh digit ratio macaca
  05/11/18
LMAO, I get to live in a nice house. You live in a shack in...
adventurous school cafeteria striped hyena
  05/11/18
I work alright. I see not point in putting money into a mone...
swollen harsh digit ratio macaca
  05/11/18
you’ve picked a nonsensical way to make this nonsensical poi...
razzle-dazzle jade feces headpube
  05/11/18
...
adventurous school cafeteria striped hyena
  05/11/18
What the fuck Charlotte is that cheap?? I could buy that
Tripping Comical Hunting Ground
  05/12/18
suppose you had enough cash such that you could buy the hous...
Know-it-all twinkling uncleanness yarmulke
  05/11/18
thats jew finance. lots of people buy all cash. are they stu...
insane motley corner pisswyrm
  05/11/18
you’re going to break op’s mind in half with this
razzle-dazzle jade feces headpube
  05/11/18
...
Honey-headed beady-eyed nibblets dog poop
  05/11/18
No, it makes sense to not even buy a $500k home in the first...
swollen harsh digit ratio macaca
  05/11/18
$500k? You're not getting a nice house for that cheap in a ...
adventurous school cafeteria striped hyena
  05/11/18
Then MOVE.
swollen harsh digit ratio macaca
  05/11/18
Wife and I have two high paying jobs. We're not going anywh...
adventurous school cafeteria striped hyena
  05/11/18
I'd rather live in a $40k micro house and put all the cash i...
swollen harsh digit ratio macaca
  05/11/18
No one cares.
adventurous school cafeteria striped hyena
  05/11/18
Just admit you're getting barebacked and creampied by the ba...
swollen harsh digit ratio macaca
  05/11/18
Not really. I'm looking at a 4.25% mortgage that is tax ded...
adventurous school cafeteria striped hyena
  05/11/18
LOL @ tax deductible. Hey question, give me $1k now and I'll...
swollen harsh digit ratio macaca
  05/11/18
You don't get that when comparing financing to cash you're a...
adventurous school cafeteria striped hyena
  05/11/18
Option 3: Figure out a way to buy a home for $150k, pay cash...
swollen harsh digit ratio macaca
  05/11/18
Oh, not much to figure out. 1) Live in a shitty, undesira...
adventurous school cafeteria striped hyena
  05/11/18
https://www.realtor.com/realestateandhomes-detail/5629-Idlew...
swollen harsh digit ratio macaca
  05/11/18
1) No interest in living in Charlotte 2) No interest in w...
adventurous school cafeteria striped hyena
  05/11/18
They may be shittier, but they won't make you a slave to you...
swollen harsh digit ratio macaca
  05/11/18
Sure they will. Because they'll still have to live on somet...
adventurous school cafeteria striped hyena
  05/11/18
Charlotte biglaw pays $145-160k starting, bro. But you conti...
swollen harsh digit ratio macaca
  05/11/18
Biglaw isn't a long-term anything unless you completely hate...
adventurous school cafeteria striped hyena
  05/11/18
Charlotte biglaw -----> Large bank in Charlotte.....and ...
swollen harsh digit ratio macaca
  05/11/18
Bank in-house sucks too. This doesn't seem like a credited ...
adventurous school cafeteria striped hyena
  05/11/18
lol...youre all about status, even if it's a poor financial ...
swollen harsh digit ratio macaca
  05/11/18
No, it is about living a decent life instead of penny-pinchi...
adventurous school cafeteria striped hyena
  05/11/18
Brother you’ve got it backwards; it’s not about shekels, it’...
Nofapping geriatric internal respiration trailer park
  05/12/18
this was an especially stupid post in a thread riddled with ...
razzle-dazzle jade feces headpube
  05/12/18
this is why banks rule the world. everyone is their bitch an...
insane motley corner pisswyrm
  05/11/18
do u know wat inflation is
Flickering glassy stage tank
  05/11/18
Just do buy a $200-250k home in Charlotte/Nashville/Dallas/P...
swollen harsh digit ratio macaca
  05/11/18
i don't think you know what inflation is. i think you have ...
Flickering glassy stage tank
  05/11/18
Not sure how that's relevant. At the end of 30 years, you st...
swollen harsh digit ratio macaca
  05/11/18
because the dollars 30 years from now won't be worth the sam...
curious low-t menage
  05/11/18
Bro, buy a micro home instead for $40k, all cash, and screw ...
swollen harsh digit ratio macaca
  05/11/18
lol
brass sneaky criminal preventive strike
  05/11/18
wow
Flickering glassy stage tank
  05/11/18
https://www.ebay.com/i/122815044929?chn=ps ALL-CASH
swollen harsh digit ratio macaca
  05/11/18
pls don’t tell me you’re black...
razzle-dazzle jade feces headpube
  05/11/18
Bro, get a micro home or move to a place with $700 a month r...
swollen harsh digit ratio macaca
  05/11/18
fuck
razzle-dazzle jade feces headpube
  05/11/18
...
180 bright boistinker orchestra pit
  05/12/18
lmao. you’re horrendous at this.
razzle-dazzle jade feces headpube
  05/11/18
really abysmal math/finance/econ skills on display
Honey-headed beady-eyed nibblets dog poop
  05/11/18
Not really...my point is to not even buy a $500k house in th...
swollen harsh digit ratio macaca
  05/11/18
The house you live in is not an investment. You still need ...
Honey-headed beady-eyed nibblets dog poop
  05/12/18
Then get a micro house or small house for like $150k.
swollen harsh digit ratio macaca
  05/12/18
What does that have to do with your OP?
Honey-headed beady-eyed nibblets dog poop
  05/12/18
lmao why keep digging like you’ll find something sensical at...
razzle-dazzle jade feces headpube
  05/12/18
I really like it here?
Honey-headed beady-eyed nibblets dog poop
  05/12/18
finance MASTER MEN itt
curious low-t menage
  05/11/18
...
translucent spot athletic conference
  05/11/18
...
Trip location mental disorder
  05/12/18
who cares
primrose hairraiser forum masturbator
  05/11/18
yes
brass sneaky criminal preventive strike
  05/11/18
"But my money will work harder for me in the stock mark...
glittery coral immigrant national
  05/12/18
are you familiar with the idea that debt is cheaper than equ...
razzle-dazzle jade feces headpube
  05/12/18
i used to think lawyers are smarter than bankers but watchin...
razzle-dazzle jade feces headpube
  05/12/18
yeah they know absolutely nothing about investopedia entries...
brass sneaky criminal preventive strike
  05/12/18
very quickly how much do you make and what do you do for a l...
razzle-dazzle jade feces headpube
  05/12/18
soundcloud rapper/$48,000 (benefits)
brass sneaky criminal preventive strike
  05/12/18
People are willing to overpay that much? Seems like there is...
Mentally Impaired Library Therapy
  05/12/18
...
Honey-headed beady-eyed nibblets dog poop
  05/12/18
...
razzle-dazzle jade feces headpube
  05/12/18
...
adventurous school cafeteria striped hyena
  05/15/18
setting aside better uses of cash, why no comparison to rent...
Poppy selfie
  05/12/18
To make it easier for you, let's say that you don't live in ...
Khaki Public Bath
  05/15/18
What if you live in California and houses cost $1 million
Zombie-like Slate Boiling Water Principal's Office
  05/15/18
In Northern VA the average house is $1mm in a nice suburb an...
Khaki Public Bath
  05/15/18


Poast new message in this thread



Reply Favorite

Date: May 11th, 2018 9:17 PM
Author: swollen harsh digit ratio macaca

For example, if you buy a $500k house and get a $400k mortgage, you'll end up paying something like $750k in principal and interest over 30 years.

Do people not realize this?

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36033688)



Reply Favorite

Date: May 11th, 2018 9:25 PM
Author: deranged cuck gaping

As opposed to paying even more in rent over 30 years....

You can always live in a shack in Montana Unabomber style.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36033729)



Reply Favorite

Date: May 11th, 2018 9:38 PM
Author: topaz messiness

Why don't people just live with their parents rent free until they can save up $500k cash?

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36033821)



Reply Favorite

Date: May 11th, 2018 9:40 PM
Author: translucent spot athletic conference

Lol at this goy understanding of finance

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36033843)



Reply Favorite

Date: May 11th, 2018 10:03 PM
Author: Cyan Police Squad Locale



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36033953)



Reply Favorite

Date: May 11th, 2018 10:45 PM
Author: swollen harsh digit ratio macaca

Bro, you think paying $750k in principal & interest + $225k in property taxes + $150k in overall maintenance over a 30 year period is good?

After 30 years, you'd basically have to sell that same home you bought for $500k for $1.125mm just to break even.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034218)



Reply Favorite

Date: May 11th, 2018 11:00 PM
Author: Honey-headed beady-eyed nibblets dog poop

lol

(Dave Ramsey's retarded brother)

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034308)



Reply Favorite

Date: May 11th, 2018 11:01 PM
Author: swollen harsh digit ratio macaca

You probably won't even break even.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034315)



Reply Favorite

Date: May 11th, 2018 11:01 PM
Author: adventurous school cafeteria striped hyena

Or you could not buy the house and pay nothing, right?

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034316)



Reply Favorite

Date: May 11th, 2018 11:04 PM
Author: swollen harsh digit ratio macaca

Buy one of those micro homes for $40k, all-cash, and call it a day.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034331)



Reply Favorite

Date: May 11th, 2018 11:06 PM
Author: adventurous school cafeteria striped hyena

So your solution to the expenses of buying a nice house is to buy a really shitty house? And this saves money? I'm shocked.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034335)



Reply Favorite

Date: May 11th, 2018 11:09 PM
Author: swollen harsh digit ratio macaca

https://www.realtor.com/realestateandhomes-detail/5629-Idlewild-Rd-N_Charlotte_NC_28227_M62785-38977

That's all you need. You apes are paying out the ass on something that barely gets you a return after 30 yrs.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034346)



Reply Favorite

Date: May 11th, 2018 11:11 PM
Author: adventurous school cafeteria striped hyena

LMAO, I get to live in a nice house. You live in a shack in the middle of nowhere (I assume you don't work or something).

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034352)



Reply Favorite

Date: May 11th, 2018 11:12 PM
Author: swollen harsh digit ratio macaca

I work alright. I see not point in putting money into a money pit called a house.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034357)



Reply Favorite

Date: May 11th, 2018 11:13 PM
Author: razzle-dazzle jade feces headpube

you’ve picked a nonsensical way to make this nonsensical point. just stop.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034362)



Reply Favorite

Date: May 11th, 2018 11:14 PM
Author: adventurous school cafeteria striped hyena



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034366)



Reply Favorite

Date: May 12th, 2018 6:03 PM
Author: Tripping Comical Hunting Ground

What the fuck Charlotte is that cheap?? I could buy that

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36038010)



Reply Favorite

Date: May 11th, 2018 10:02 PM
Author: Know-it-all twinkling uncleanness yarmulke

suppose you had enough cash such that you could buy the house all-cash. interest rates are 4.5% right now. subtract inflation and it's around 2.2%. over the long term, the rate of return of that cash in the stock market is around 7%. so it makes sense to get a mortgage even if you have the cash.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36033949)



Reply Favorite

Date: May 11th, 2018 10:48 PM
Author: insane motley corner pisswyrm

thats jew finance. lots of people buy all cash. are they stupid? no! they are rich as fuck and they just throw the money on the table and say give me the keys.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034229)



Reply Favorite

Date: May 11th, 2018 10:57 PM
Author: razzle-dazzle jade feces headpube

you’re going to break op’s mind in half with this

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034291)



Reply Favorite

Date: May 11th, 2018 11:01 PM
Author: Honey-headed beady-eyed nibblets dog poop



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034311)



Reply Favorite

Date: May 11th, 2018 11:01 PM
Author: swollen harsh digit ratio macaca

No, it makes sense to not even buy a $500k home in the first place.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034310)



Reply Favorite

Date: May 11th, 2018 11:10 PM
Author: adventurous school cafeteria striped hyena

$500k? You're not getting a nice house for that cheap in a major city or one of the nice suburbs around that city for that little.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034348)



Reply Favorite

Date: May 11th, 2018 11:10 PM
Author: swollen harsh digit ratio macaca

Then MOVE.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034349)



Reply Favorite

Date: May 11th, 2018 11:15 PM
Author: adventurous school cafeteria striped hyena

Wife and I have two high paying jobs. We're not going anywhere. More financially advantageous to keep high paying jobs and pay for nice house. As an aside, we also get the benefit of living in a nice neighborhood and in a nice house.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034369)



Reply Favorite

Date: May 11th, 2018 11:17 PM
Author: swollen harsh digit ratio macaca

I'd rather live in a $40k micro house and put all the cash into stocks. I'd come out FAR ahead. I do not care about dinner parties.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034380)



Reply Favorite

Date: May 11th, 2018 11:18 PM
Author: adventurous school cafeteria striped hyena

No one cares.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034382)



Reply Favorite

Date: May 11th, 2018 11:19 PM
Author: swollen harsh digit ratio macaca

Just admit you're getting barebacked and creampied by the bank.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034387)



Reply Favorite

Date: May 11th, 2018 11:21 PM
Author: adventurous school cafeteria striped hyena

Not really. I'm looking at a 4.25% mortgage that is tax deductible. As another poster explained to you, even if I had the cash to buy my house cash, I wouldn't come out ahead.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034394)



Reply Favorite

Date: May 11th, 2018 11:22 PM
Author: swollen harsh digit ratio macaca

LOL @ tax deductible. Hey question, give me $1k now and I'll give you back $300 at the end of the year...deal?

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034406)



Reply Favorite

Date: May 11th, 2018 11:29 PM
Author: adventurous school cafeteria striped hyena

You don't get that when comparing financing to cash you're also comparing the opportunity cost of that money, right? So you have two options:

Option 1: pay cash, have no money to invest

Option 2: finance at 4.25% (which is 30% less because tax benefit), invest and get 7-8% growth

Option 2 is better.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034431)



Reply Favorite

Date: May 11th, 2018 11:32 PM
Author: swollen harsh digit ratio macaca

Option 3: Figure out a way to buy a home for $150k, pay cash, and don't even bother with this mortgage nonsense.



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034449)



Reply Favorite

Date: May 11th, 2018 11:38 PM
Author: adventurous school cafeteria striped hyena

Oh, not much to figure out.

1) Live in a shitty, undesirable place (for example, you can get a $150k house close to NYC in a place called Newark); and/or

2) Buy a house that no normal human would ever want to live in.

There's no mystery here. Enjoy!

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034490)



Reply Favorite

Date: May 11th, 2018 11:40 PM
Author: swollen harsh digit ratio macaca

https://www.realtor.com/realestateandhomes-detail/5629-Idlewild-Rd-N_Charlotte_NC_28227_M62785-38977#photo0

https://www.realtor.com/realestateandhomes-detail/5529-Whisperfield-Ln_Charlotte_NC_28215_M64490-50748

Bro, what more do you need? Copp Charlotte Biglaw and it's all yours.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034506)



Reply Favorite

Date: May 11th, 2018 11:42 PM
Author: adventurous school cafeteria striped hyena

1) No interest in living in Charlotte

2) No interest in working biglaw anywhere

3) We would need 2 good jobs in our area of law in Charlotte, which wouldn't happen, certainly nowhere near the salaries we make now

4) Those houses are way shittier than the one we're buying

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034520)



Reply Favorite

Date: May 11th, 2018 11:46 PM
Author: swollen harsh digit ratio macaca

They may be shittier, but they won't make you a slave to your job for 30 years.

Also, we have totally different mindsets as youre going for status and comfort while I'm going for ROI.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034550)



Reply Favorite

Date: May 11th, 2018 11:46 PM
Author: adventurous school cafeteria striped hyena

Sure they will. Because they'll still have to live on something and the salaries are lower.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034556)



Reply Favorite

Date: May 11th, 2018 11:48 PM
Author: swollen harsh digit ratio macaca

Charlotte biglaw pays $145-160k starting, bro. But you continue to slave away in NYC and overpay for everything.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034564)



Reply Favorite

Date: May 11th, 2018 11:48 PM
Author: adventurous school cafeteria striped hyena

Biglaw isn't a long-term anything unless you completely hate yourself.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034571)



Reply Favorite

Date: May 11th, 2018 11:50 PM
Author: swollen harsh digit ratio macaca

Charlotte biglaw -----> Large bank in Charlotte.....and house paid off.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034581)



Reply Favorite

Date: May 11th, 2018 11:51 PM
Author: adventurous school cafeteria striped hyena

Bank in-house sucks too. This doesn't seem like a credited life at all. And you still live in a shitty house.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034587)



Reply Favorite

Date: May 11th, 2018 11:57 PM
Author: swollen harsh digit ratio macaca

lol...youre all about status, even if it's a poor financial decision. It all makes sense now.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034629)



Reply Favorite

Date: May 11th, 2018 11:59 PM
Author: adventurous school cafeteria striped hyena

No, it is about living a decent life instead of penny-pinching and living in some shitty place just so you can accumulate shekels.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034634)



Reply Favorite

Date: May 12th, 2018 8:54 PM
Author: Nofapping geriatric internal respiration trailer park

Brother you’ve got it backwards; it’s not about shekels, it’s about freedom from financial concerns. Your “credited” life makes you a slave to baubles and status.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36038867)



Reply Favorite

Date: May 12th, 2018 1:07 AM
Author: razzle-dazzle jade feces headpube

this was an especially stupid post in a thread riddled with stupid posts

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034904)



Reply Favorite

Date: May 11th, 2018 10:47 PM
Author: insane motley corner pisswyrm

this is why banks rule the world. everyone is their bitch and takes it sitting down.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034226)



Reply Favorite

Date: May 11th, 2018 10:48 PM
Author: Flickering glassy stage tank

do u know wat inflation is

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034234)



Reply Favorite

Date: May 11th, 2018 10:52 PM
Author: swollen harsh digit ratio macaca

Just do buy a $200-250k home in Charlotte/Nashville/Dallas/Phoenix/Boise/Tampa/Orlando all-cash and avoid mortgages.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034258)



Reply Favorite

Date: May 11th, 2018 10:54 PM
Author: Flickering glassy stage tank

i don't think you know what inflation is. i think you have a tiny nigger brain

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034267)



Reply Favorite

Date: May 11th, 2018 10:57 PM
Author: swollen harsh digit ratio macaca

Not sure how that's relevant. At the end of 30 years, you still end up paying $1.125mm for a $500k house that may not even be worth $1mm.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034289)



Reply Favorite

Date: May 11th, 2018 11:04 PM
Author: curious low-t menage

because the dollars 30 years from now won't be worth the same as dollars today, they will be cheaper dollars.

Plus, even though you're only paying for a tiny portion of the house for the first few years, YOU GET TO LIVE IN THE WHOLE THING the entire time.

The house satisfies one of your three basic needs. The house is only collateral for the loan the bank extended to you.



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034330)



Reply Favorite

Date: May 11th, 2018 11:05 PM
Author: swollen harsh digit ratio macaca

Bro, buy a micro home instead for $40k, all cash, and screw the $400k mortgages all together.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034334)



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Date: May 11th, 2018 11:07 PM
Author: brass sneaky criminal preventive strike

lol

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034339)



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Date: May 11th, 2018 11:10 PM
Author: Flickering glassy stage tank

wow

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034350)



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Date: May 11th, 2018 11:13 PM
Author: swollen harsh digit ratio macaca

https://www.ebay.com/i/122815044929?chn=ps

ALL-CASH

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034361)



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Date: May 11th, 2018 11:08 PM
Author: razzle-dazzle jade feces headpube

pls don’t tell me you’re black...

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034344)



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Date: May 11th, 2018 11:15 PM
Author: swollen harsh digit ratio macaca

Bro, get a micro home or move to a place with $700 a month rent. Heck, move overseas and pay $300 a month rent.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034368)



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Date: May 11th, 2018 11:16 PM
Author: razzle-dazzle jade feces headpube

fuck

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034373)



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Date: May 12th, 2018 2:42 PM
Author: 180 bright boistinker orchestra pit



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037214)



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Date: May 11th, 2018 10:56 PM
Author: razzle-dazzle jade feces headpube

lmao. you’re horrendous at this.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034283)



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Date: May 11th, 2018 11:02 PM
Author: Honey-headed beady-eyed nibblets dog poop

really abysmal math/finance/econ skills on display

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034317)



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Date: May 11th, 2018 11:03 PM
Author: swollen harsh digit ratio macaca

Not really...my point is to not even buy a $500k house in the first place. Total waste of cash....it is NOT a investment. You probably won't even break even.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034325)



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Date: May 12th, 2018 11:15 AM
Author: Honey-headed beady-eyed nibblets dog poop

The house you live in is not an investment. You still need a place to live.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36036053)



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Date: May 12th, 2018 2:38 PM
Author: swollen harsh digit ratio macaca

Then get a micro house or small house for like $150k.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037199)



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Date: May 12th, 2018 4:12 PM
Author: Honey-headed beady-eyed nibblets dog poop

What does that have to do with your OP?

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037540)



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Date: May 12th, 2018 4:14 PM
Author: razzle-dazzle jade feces headpube

lmao why keep digging like you’ll find something sensical at the bottom of this hole?

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037550)



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Date: May 12th, 2018 4:20 PM
Author: Honey-headed beady-eyed nibblets dog poop

I really like it here?

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037589)



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Date: May 11th, 2018 11:01 PM
Author: curious low-t menage

finance MASTER MEN itt

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034313)



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Date: May 11th, 2018 11:25 PM
Author: translucent spot athletic conference



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034415)



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Date: May 12th, 2018 10:31 AM
Author: Trip location mental disorder



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36035834)



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Date: May 11th, 2018 11:01 PM
Author: primrose hairraiser forum masturbator

who cares

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034314)



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Date: May 11th, 2018 11:07 PM
Author: brass sneaky criminal preventive strike

yes

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36034340)



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Date: May 12th, 2018 4:06 PM
Author: glittery coral immigrant national

"But my money will work harder for me in the stock market!!", Lisped the debt-laden faggot, as he takes out a HELOC on his second mortgage

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037512)



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Date: May 12th, 2018 4:10 PM
Author: razzle-dazzle jade feces headpube

are you familiar with the idea that debt is cheaper than equity? what do you think this means? it’s not perfectly applicaple here but it’s helpful since people are fucking up elementary finance concepts itt

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037527)



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Date: May 12th, 2018 4:15 PM
Author: razzle-dazzle jade feces headpube

i used to think lawyers are smarter than bankers but watching people struggle with some elementary shit itt is making me reconsider. holy fucking shit

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037553)



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Date: May 12th, 2018 4:17 PM
Author: brass sneaky criminal preventive strike

yeah they know absolutely nothing about investopedia entries, chicken, or sneakers

what dolts

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037562)



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Date: May 12th, 2018 4:20 PM
Author: razzle-dazzle jade feces headpube

very quickly how much do you make and what do you do for a living?

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037583)



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Date: May 12th, 2018 4:25 PM
Author: brass sneaky criminal preventive strike

soundcloud rapper/$48,000 (benefits)

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037609)



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Date: May 12th, 2018 4:17 PM
Author: Mentally Impaired Library Therapy

People are willing to overpay that much? Seems like there is a market here. You should found a startup where they only have to pay half as much money over the course of the loan.

Then everyone will use your financing and you will be rich. Pretty clear you've identified some serious arbitrage here. Let me know if I can be on the startup board as an adviser (though I think you have all the advice you need!)

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037566)



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Date: May 12th, 2018 4:21 PM
Author: Honey-headed beady-eyed nibblets dog poop



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037592)



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Date: May 12th, 2018 4:22 PM
Author: razzle-dazzle jade feces headpube



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037598)



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Date: May 15th, 2018 6:10 PM
Author: adventurous school cafeteria striped hyena



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36057410)



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Date: May 12th, 2018 4:28 PM
Author: Poppy selfie

setting aside better uses of cash, why no comparison to rental costs - there is a large consumption element to home ownership, a big piece of which you have to pay for one way or the other, that is being completely ignored here

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36037616)



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Date: May 15th, 2018 8:09 PM
Author: Khaki Public Bath

To make it easier for you, let's say that you don't live in the house you bought and you rent it out at the same cost of market rent.

Cost to rent: $2,000 a month (Dallas) with 3% annual increase.

Cost of house: $250,000 (Dallas) with 3% annual increase in value. You put $50k down or 20%.

Total cost over 30 years on $200k mortgage is $333k. Principal: $200,000.00 Interest: $133,443.23 Total: $333,443.23

You also pay property taxes and HOA, combined let's be aggressive and say it's 5% of your total house value a year, so you pay $12,500 a year.

Total cost of ownership over 30 years: $758,443 which includes the down payment, total mortgage costs, total property costs, and total HOA costs.

Your total rent received during these 30 years would be $1,141,810.

Oh don't forget that the value of your $250k house in 30 years would be worth $606,816, making the total value of your house + collected rent to be................

$1,748,626 vs, total costs of $758,443.

I used conservative numbers but you can play with the assumptions and see your break-even point which implies a very very low rent $ which means you should almost always buy.



(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36058085)



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Date: May 15th, 2018 8:13 PM
Author: Zombie-like Slate Boiling Water Principal's Office

What if you live in California and houses cost $1 million

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36058109)



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Date: May 15th, 2018 8:21 PM
Author: Khaki Public Bath

In Northern VA the average house is $1mm in a nice suburb and they rent out for about $6k a month.

However, property taxes and HOA are much lower in VA, they come in about 2-3% total of the house value.

Total cost of 30 year mortgage on $800,000 is $1,333,773. Combined with your down payment of $200k it's $1,533,773. Plus the HOA and property taxes for 30 years and you get $2,433,773 for total cost.

In return, rent at $6,000 * 3% annual increase gets you $3,425,430 over 30 years. Your house of $1mm will be worth $2,427,262 after 30 years.

Total Value: $5,852,692

Total Cost: $2,433,773

If you want to be draconian and assume only $4,000 a month rent, your total value drops to $4,710,882 which is still almost double your cost.

(http://www.autoadmit.com/thread.php?thread_id=3974807&forum_id=2#36058153)