IGotWorms

Scum that can drop $42k per year on rent. More than my housing costs, even! Guess I’m super poor

Ok well the home costs probably aren’t going to be $1.2 million, yes? Your point on moving is the only good one you’ve made. That’s a different situation if you aren’t sticking around. Go ahead and attack my math if you’d like. Admittedly it’s not my strong suit but I think you’ll flail around anyways

You always say this and it ignores that you can do both. Let me make it real simple for you. Let’s say you’ve got $2,000 budgeted for housing and $1,000 budgeted for other investments each month. You: - $2,000 on rent over 30 years = $0 at end - $1,000 on investments (let’s say 10% rate of return using s&p 500) = $2 million Me: - $2,000 on a mortgage over 30 years = $1.2 million (assuming $400k house at national average of 3.8% appreciation per year) - $1,000 on investments (let’s say 10% rate of return using s&p 500) = $2 million Total for you = $2 million Total for me = $3.2 million Hey $2 million isn’t horrible, but I win.

It’s really very unlikely that renting is better long term. Like I said before, if you’re not sticking around that’s different. But if we’re talking 30 years on a mortgage or 30 years renting it would have to be a very bizarre market situation where renting came out ahead. The simple reason is that the landlord has to recover all their costs from you and get some profit on top. They’re not renting it to you at a loss if they can help it, obviously. And even if they’ve got it fully paid off, that doesn’t mean they drop the rents, it just means even more profit. So unless you’re getting a sweetheart deal from your mom or something, all else being equal, you’re almost definitely going to be better off having a fully paid-for asset at the end of your mortgage term than pissing away rent money for nothing in the end.

I’m sure I didn’t, because that’s false. I do have about $400k in equity right now so maybe that’s what I said and what you mean? But that’s a different matter

Gotta sell it someday, no?

Where you living in the meanwhile? You’re paying for housing costs either way. And when you rent, you’re paying more because all the costs of ownership and usage have to be accounted for plus profit to the landlord. Now you can rent a sh1tty place and save money there. Of course you could also buy a sh1tty house

I may have this same decision to make soon on the sale of another property. Seems there’s no real way to stuff it all in a tax advantaged account so I’m thinking put it in the brokerage, but I don’t want to have to pay capital gains. Oh well

And I guess they might’ve been right about that. You cannot overstate how bad that debate was

I do all of that and I own my home. Nobody can tell me what to do in it, either. Jesus I couldn’t imagine having a landlord at my station in life. And I don’t know where you’re coming up with your $400k number. It’s sort of irrelevant though. Let’s say it was only $400k. When I’m done paying my mortgage that’s $400k more that I have than you, dumbass

It was a terrible debate, though that hardly matters since his opponent revealed himself to be utterly senile. But anyway, you have to admit Trump has done a good job of laying low since and letting the Democratic Party publicly question its own nominee

I guess you can call it a personal insult, but I think it’s relevant as a point of view. I am not an assh0le (well in some ways at least), so I think we still have an obligation to educate kids who were unfortunately born to sh1tty parents. It does make it harder to succeed, yes, but I don’t think society can was their hands of that obligation altogether. Also I’m not an idiot, so I’m able to understand that we all suffer if people grow up without a decent education, regardless of whether they had sh1tty parents. If people have skills and are generally socialized, they can get jobs, add to the economy, pay taxes, hopefully commit less crime, etc, etc. Seems like a good idea to me, but then again, like I said, I’m not approaching the issue from the vantage point of a stupid assh0le

I must admit, I did not think he had the discipline

We’ve been over this many times before peefoam, and your statement is simply false. Owning a home is an element of wealth. It should not be the only or even biggest part. Of course you should have retirement savings, liquid savings and investments as well. Unfortunately for a lot of people, their home equity is their biggest source of wealth, and if they’d been renters instead they’d really be screwed. But I digress, the point is it is one source of building wealth, and a source that you do not have because you choose to use your housing payment to build someone else’s wealth. But hey man, you do you

When I worked in the gubberment, I told my boss he was a coward who should be fired. In front of many other people. Amazingly, I did not get fired (probably because I was so unquestionably correct). But it did seem wise to move on after that So there’s one option for you

I was wondering how you’d turn this racist

She wasn’t always 90. Or dead

Biden needs to drop out

I’m 6’2 and your mom suits me just fine

Holy sh1t, 90sbaby said something smart!

5’3 my ass. Maybe in heels

I agree with most of this except the last part. And you seem like an assh0le. Who suffers because the parents are sh1tty? The kids. So yeah, it might make you feel all tough and smug to say fock the parents and move on, but it’s the kids who pay the price, and they don’t deserve that.

Maybe. I’ve seen her IRL. She is SUPER short. Like 5’? And skinnier than all reason. But dem tittays…

Is that some incel code?