Horseman

Whew! I thought it was really touch and go there for a minute when that one idiot posted the poll from American Research.

Update?

Drives his wife to drink.

Of course he was referring to his situation. He's clearly talking about himself there. Yes his principal investment of $31,500. Go ahead and plug $31,500 into a compound interest calculator for 50+ years and I'm guessing that holds true in the majority of cases. Rent is always (usually) higher than a mortgage. And it's not a 1:1 comparison whether you should buy or rent. Let me quote that part again. The part most people misinterpret about the Buffett quote is that he's actually defending home ownership. It was in a 2010 letter to shareholders and the paragraph begins with But this was right after the housing crisis and he warns that THE POINT is that it Rent vs. Buy depends on many factors, some of which don't have dollars and cents assigned to them. Some idiot in the other thread claimed that "owning is ALWAYS a better long term financial decision than renting". That's just not true. Financially alone, Buffett would have made more money had he rented. But there are are few good rules of thumb: - You shouldn't buy a home more expensive than you can afford. Generally less than 3x your gross annual income. - Generally it's better to rent in high cost of living areas and buy in low cost of living areas. Price to rent ratio. - Generally it's better to rent if you aren't going to be in the home 5 years or more. - Generally it's better to rent when interest rates are high, and visa versa. - What is the likelihood that the value of the house in your area rises, compared to inflation or compared to alternate investments? - Generally it's better to rent if you already have substantial debt.

Wait, libs think Trump just made up the term de-banking? HFS

You know I give most people a pass about this stuff because it's not taught in High School like it should be. And the math is a little more difficult than just addition, subtraction and multiplication. But the guy that claims finance as a profession and the other idiot with a minor in finance ought to know better.

Deep thoughts by a drama queen.

In other words Ron is fine. Stop being a drama queen.

Maybe he can get a sweet gig setting up trade shows.

Well dont just take my word for it. Warren Buffett: John Bogle explains why the numbers you ran earlier are wrong: Don Wede Dave Ramsey I could go on and on. Maybe you can find one respected person in the investment community that says "Owning is always a better long term finance decision than renting."? You're in finance maybe you have peers that have an opinion. Maybe ask Nancy in nursing what she thinks.

Raven on full TILT. I won the internet today.

That's a $15,000 watch boyo. Maybe you can post a picture of your wife's 2/3rd carrot earrings. You cave a camera with a zoom lens?

Once you're independently wealthy what do you do with the excess? Answer: Buy nice things.

Oh really? https://ibb.co/CHTs6Kq You walked right into that one. What a foking moron.

I may have said it wrong when I said there is no difference in dollars and cents financially. Of course there is depending on a lot of variables. What I meant to say is there is no definitive answer to the rent vs. own question. Anybody arguing that everyone should buy in everyone's situation is a moron.

I have a sh1t ton. But aside from that, diversification isn't dependent on amount. But yeah there is an argument that simpler is better, for example in a 75-25 fund: 55 Total Market (not S&P) 20 International 25 fixed income The argument is that REIT, mid cap, etc would be included in a Total Market Fund.

My Rolex disagrees with you.

Most economists and our CFAs disagree with you. But of course you're not even a CPA You're not even qualified to do my taxes.

The investment wasnt worth anywhere close to 800k eleven years ago dumbass. You think its dumb owning property, having REIT in your portfolio? Stop embarrassing yourself. Read this post again and try to absorb its meaning. Your ignorance is on display.

Is English a second language for you? Nobody said that.

Same. Rented for 15 years. Then company advancement and market conditions made it so I could stay in one location as a homeowner for 11 last years. Home is an 800K realestate investment. No rent or mortgage expense, instead property tax and maintenance. I need to crunch the numbers, but, I'm pretty sure I did well on the property investment because 11 years ago the housing market was way down.

From an investment/financial perspective there is no difference between renting and owning. There isnt any argument in dollars and cents so if you find yourself arguing one way or the other as an investment you are showing your ignorance. If you rent it counts as an expense. A mortgage is a negative bond. Equity is a real estate investment (money that would be invested elsewhere if you rent) The biggest benefit from owning is psychological. The biggest benefit from renting is flexibility.

James, The break room is running low on coffee, please order some more. Thanks, Health Services Manager.

You're not qualified to do my taxes.