Renting V Owning

[Horseman 2,367]

3 minutes ago, IGotWorms said:

You actually did. The entire genesis of this is you started a thread crowing about what a genius you were for renting and that all of us homeowners were suckers. When in fact the complete opposite is true  

I asked Nobody for a link to that.  You have one?

[Raven Fan 362]

Just now, Horseman said:

Perhaps I got that wrong.

I haven't had a mortgage for decades.  

But hey, it only works if you're leveraged right.  What you got that extra 200K invested in?

You’re the financial genius according to you, what did you invest the money you paid off your 4% mortgage in…oh wait, you’re “earning” less than 4% after you have no tax savings.

You’re bigly smart boyo!

LOLOLOLOL

[Horseman 2,367]

2 minutes ago, Raven Fan said:

He’s legit beyond stupid.  He thinks paying off a mortgage or school loans rather than investing the money makes more sense cause he doesn’t understand leverage.

But he did post a pic of a hand me down watch and he stalks me like a butt hurt chick.

That's right, you have a mortgage and student loans.  You're in debt up to your eyeballs.  

 

[Raven Fan 362]

Just now, Horseman said:

That's right, you have a mortgage and student loans.  You're in debt up to your eyeballs.  

 

In debt at less than 4% while the market skyrockets…

Stalk less, lie less, work harder boyo.

[Horseman 2,367]

Just now, Raven Fan said:

You’re the financial genius according to you, what did you invest the money you paid off your 4% mortgage in…oh wait, you’re “earning” less than 4% after you have no tax savings.

You’re bigly smart boyo!

LOLOLOLOL

You just told us homes appreciate at 5% earlier in your kindergarten math dummy.  Having trouble keeping up?

But hey, you want me to go take out a 600K loan on my house when interests rates come down, ok.  I don't feel I need to do that because I've already got millions invested and in our neighborhood the home price is pretty safe.  But if I did, I'm asking you what you have your 200K invested in.  You won't answer because you don't.  

[Horseman 2,367]

2 minutes ago, Raven Fan said:

In debt at less than 4% while the market skyrockets…

Stalk less, lie less, work harder boyo.

Skyrocketing to be able to retire at 65 still?  

[Raven Fan 362]

1 minute ago, Horseman said:

You just told us homes appreciate at 5% earlier in your kindergarten math dummy.  Having trouble keeping up?

But hey, you want me to go take out a 600K loan on my house when interests rates come down, ok.  I don't feel I need to do that because I've already got millions invested and in our neighborhood the home price is pretty safe.  But if I did, I'm asking you what you have your 200K invested in.  You won't answer because you don't.  

Maybe you should stalk my old posts more and see if there’s an answer boyo.

LOLOLOLOLOL

[Raven Fan 362]

2 minutes ago, Horseman said:

Skyrocketing to be able to retire at 65 still?  

Oh chit, I like my job so I want to work into my 60’s.  “Hur dur me make fun cause he like job hur dur”

What stream that you can’t afford are you stealing this weekend boyo?

[Horseman 2,367]

6 minutes ago, Horseman said:

You won't answer because you don't.  

Nailed it.

4 minutes ago, Raven Fan said:

Maybe you should stalk my old posts more and see if there’s an answer boyo.

LOLOLOLOLOL

Poor Life Loser

[Horseman 2,367]

1 minute ago, Raven Fan said:

Oh chit, I like my job so I want to work into my 60’s.  “Hur dur me make fun cause he like job hur dur”

What stream that you can’t afford are you stealing this weekend boyo?

You said, "hoped to have 2 million at 65".   Why invest at all, just keep working your whole life doing payroll at the health care facility.  

[Raven Fan 362]

Just now, Horseman said:

You said, "hoped to have 2 million at 65".   Why invest at all, just keep working your whole life doing payroll at the health care facility.  

Damn, a payroll person saving up 2 milly is pretty impressive boyo.

Want some investment advice?  First learn what leverage is…

LOLOLOLOL

[Horseman 2,367]

3 minutes ago, Raven Fan said:

Damn, a payroll person saving up 2 milly is pretty impressive boyo.

Want some investment advice?  First learn what leverage is…

LOLOLOLOL

Awesome, I know you are but what am I.   Your responses match your math grade level now.  

[seafoam1 2,803]

6 minutes ago, Horseman said:

You said, "hoped to have 2 million at 65".   Why invest at all, just keep working your whole life doing payroll at the health care facility.  

It's funny, I have nearly $2M at 58 and no debt for years and these idiots are putting me down for calling my consulting career quits. . These guys aren't worth it. 

[Horseman 2,367]

2 minutes ago, seafoam1 said:

It's funny, I have nearly $2M at 58 and no debt for years and these idiots are putting me down for calling my consulting career quits. . These guys aren't worth it. 

And they never say what they are invested in.  Default 401k funds.  They don't even know.  

[seafoam1 2,803]

1 minute ago, Horseman said:

And they never say what they are invested in.  Default 401k funds.  They don't even know.  

It's surreal. 

[Hardcore troubadour 14,941]

2 hours ago, Horseman said:

18K Gold cleans pretty easily.  You wouldn't have any reason to know that though.

Hand me down?  Oh, that's right, you're still mad at the mother-in-law for not leaving you anything.  

Do tell. 

[Horseman 2,367]

Nothing irritates liberals more than wealth and success.  It's why they hate Trump and pretend Biden isnt dirty.  

[The Psychic Observer 496]

Well this thread really went down the drain.  Couple of insecure toddlers in here now.

[seafoam1 2,803]

1 hour ago, The Psychic Observer said:

Well this thread really went down the drain.  Couple of insecure toddlers in here now.

Yeah, you and worms are a focking mess. And that appropriately named dude who correctly labels himself as 'Nobody'.

Complete insecure toddlers on display. 

[peenie 1,905]

I haven't read any part of this thread, not even the OP's comment. I know I never wanted to buy a home and enjoyed renting. I'd saved up enough cash that I felt I could take some time off one day and just travel. I figured, even if I owned a home, eventually I'd want to go into some sort of senior living. Why not just keep saving my cash for that day instead of putting all my cash on a down payment for a home? But rental prices kept going up and up. The nicer apartments were very expensive ($2400/mo). Sure, my rent was affordable but that meant dealing with a certain type of neighbor: weed smokers, loud music, people that liked to fight or play loud music at all hours, theft and scary drug addicts and homeless people roaming about. I was getting older and renting seems to be young person's game in Atlanta. In New York or New Jersey, you can rent forever. People will rent in the same building for 25 years. Not so, in Atlanta, people eventually purchase homes. I don't have to worry about rising rent prices or changes of my apartment complex owners. I don't have to worry about nasty neighbors and their roaches. I can exercise and not worry about disturbing the person downstairs. I can decorate my home for the holidays and feed the birds and have peace and quiet or play my music loud (not too loud). I was a renter because of the freedom to move, BUT a young friend (34 years old) purchased her home in 2020 and sold it in 2023 and made a profit of $80K. You can buy a home and sell it and move. It's not the ball and chain I thought it was going to be. 

[seafoam1 2,803]

4 minutes ago, peenie said:

I haven't read any part of this thread, not even the OP's comment. I know I never wanted to buy a home and enjoyed renting. I'd saved up enough cash that I felt I could take some time off one day and just travel. I figured, even if I owned a home, eventually I'd want to go into some sort of senior living. Why not just keep saving my cash for that day instead of putting all my cash on a down payment for a home? But rental prices kept going up and up. The nicer apartments were very expensive ($2400/mo). Sure, my rent was affordable but that meant dealing with a certain type of neighbor: weed smokers, loud music, people that liked to fight or play loud music at all hours, theft and scary drug addicts and homeless people roaming about. I was getting older and renting seems to be young person's game in Atlanta. In New York or New Jersey, you can rent forever. People will rent in the same building for 25 years. Not so, in Atlanta, people eventually purchase homes. I don't have to worry about rising rent prices or changes of my apartment complex owners. I don't have to worry about nasty neighbors and their roaches. I can exercise and not worry about disturbing the person downstairs. I can decorate my home for the holidays and feed the birds and have peace and quiet or play my music loud (not too loud). I was a renter because of the freedom to move, BUT a young friend (34 years old) purchased her home in 2020 and sold it in 2023 and made a profit of $80K. You can buy a home and sell it and move. It's not the ball and chain I thought it was going to be. 

You have to find places that have minimum household income like $100k to get in. That's the key. And don't necessarily cost that much. I pay much less and have none of those issues. 

[peenie 1,905]

11 minutes ago, seafoam1 said:

You have to find places that have minimum household income like $100k to get in. That's the key. And don't necessarily cost that much. I pay much less and have none of those issues. 

I probably couldn't afford to live in such a place. I don't make 6 figures. 🥺

[nobody 2,564]

3 hours ago, seafoam1 said:

It's funny, I have nearly $2M at 58 and no debt for years and these idiots are putting me down for calling my consulting career quits. . These guys aren't worth it. 

Wait.  When you stupidly misunderstood what average means you said 40x your net worth was $100M.  Now it's "nearly $2M" 

Do you ever tell the truth about anything?

[seafoam1 2,803]

5 minutes ago, nobody said:

Wait.  When you stupidly misunderstood what average means you said 40x your net worth was $100M.  Now it's "nearly $2M" 

Do you ever tell the truth about anything?

That's my net worth dumbass. You claim to be 40x that and I said nearing $100M knowing you were full of shlt. What the difference from 80M to 100M when you are actually worth pennies?

Dang you are stupid.

You guys get dumber by the hour. 

Why do you keep trying so hard? 

Why do you keep needing to try to prove that you are happy in life when you are not?

[nobody 2,564]

3 hours ago, Horseman said:

And they never say what they are invested in.  Default 401k funds.  They don't even know.  

My 401k is in an s&p index fund with the lowest expense ratio I can find.  I found that these hedge funds can't beat the market consistently over time so I just try to minimize fees.  My non-retirement stock account and IRA are currently primarily in AAPL, unh, visa, adbe, jpm, I have a little bit of TSLA and I just bought a little bit of vz now that the dividend is over 7% and interest rates are leveling off, and I sell call options against.*

*Note this is in no way to be construed as investment advice in any way.

Why does this matter at all?

[nobody 2,564]

3 minutes ago, seafoam1 said:

That's my net worth dumbass. You claim to be 40x that and I said nearing $100M knowing you were full of shlt. What the difference from 80M to 100M when you are actually worth pennies?

Dang you are stupid.

You guys get dumber by the hour. 

Why do you keep trying so hard? 

Why do you keep needing to try to prove that you are happy in life when you are not?

I didn't claim to be anything.  Worms did.  You have no property and you have "nearly $2M" 

What aren't you counting in that, liar?

[seafoam1 2,803]

Just now, nobody said:

I didn't claim to be anything.  Worms did.  You have no property and you have "nearly $2M" 

What aren't you counting in that, liar?

If you think I'm lying why respond? Go away then. I don't think like you or worms in my financial decisions. And it's working just fine for me. I just don't get why you and some others here are so protective of your approach and aggressive against another approach if you are so happy. 

Sounds to me like there is serious unhappiness at home. 

[nobody 2,564]

It must be a sad life when you have to go on the internet and lie about your net worth.  I'm going to stop making fun of you.

[seafoam1 2,803]

3 minutes ago, nobody said:

It must be a sad life when you have to go on the internet and lie about your net worth.  I'm going to stop making fun of you.

Yeah. You have to pretend prove on the internet it seems. I'll keep making fun of you because you talk a big game to strangers but those around you know the pathetic truth. 

[seafoam1 2,803]

It is awesome exposing these hacks who think they are financial wizards and still have 20 years of mortgage left on their shlt house when they are in their 50s. 

[Horseman 2,367]

9 hours ago, nobody said:

My 401k is in an s&p index fund with the lowest expense ratio I can find.  I found that these hedge funds can't beat the market consistently over time so I just try to minimize fees.  My non-retirement stock account and IRA are currently primarily in AAPL, unh, visa, adbe, jpm, I have a little bit of TSLA and I just bought a little bit of vz now that the dividend is over 7% and interest rates are leveling off, and I sell call options against.*

*Note this is in no way to be construed as investment advice in any way.

Why does this matter at all?

A tad risky. 

It matters because some of these clowns that spout off all day like they are some sort of expert really dont have any idea, they can't even tell you, likely just some default 401k target fund they dont even understand.  

[Baker Boy 1,688]

12 hours ago, seafoam1 said:

It is awesome exposing these hacks who think they are financial wizards and still have 20 years of mortgage left on their shlt house when they are in their 50s. 

And you would have 20 years of rent on a apartment

[seafoam1 2,803]

1 minute ago, Baker Boy said:

And you would have 20 years of rent on a apartment

In many states over the years. Saved me a shlt ton of money. 

Oh...and make that 30 years. 

[Baker Boy 1,688]

8 minutes ago, seafoam1 said:

In many states over the years. Saved me a shlt ton of money. 

Oh...and make that 30 years. 

This is your problem, we all rented before we bought a home. We bought because renting sucks and we didn’t want to deal with it anymore. You have never owned a home so you have no idea what homeownership is about. 

[Hardcore troubadour 14,941]

I think a big factor in this is of course, location. People from other parts of the country don’t know how expensive school and property taxes are in certain parts. Mine are up to 12k combined per year right now. And that’s not nearly as bad as in NJ and closer to the city. My house the next county down, less than 5- 6 minutes away, would be closer to 20k. Now if you have an outdated small ranch in some Shittburgh of let’s say Baltimore, you aren’t paying near that. Just something to consider. 

[IGotWorms 4,057]

13 hours ago, seafoam1 said:

You have to find places that have minimum household income like $100k to get in. That's the key. And don't necessarily cost that much. I pay much less and have none of those issues. 

Minimum $100k income to get in there but it doesn’t cost much.

Yeah right.

Nothing you say adds up, peefoam

[IGotWorms 4,057]

12 hours ago, nobody said:

I didn't claim to be anything.  Worms did.  You have no property and you have "nearly $2M" 

What aren't you counting in that, liar?

What did I supposedly claim?

[IGotWorms 4,057]

3 hours ago, Horseman said:

A tad risky. 

It matters because some of these clowns that spout off all day like they are some sort of expert really dont have any idea, they can't even tell you, likely just some default 401k target fund they dont even understand.  
 

 

 

I told you the secret already:

1. Put x percentage of your holdings in a low cost index fund that tracks the s & p 500, between 60-90% depending on your age and retirement horizon. (Less if you’re already retired)

2. Put the rest in a low cost total bond market fund.

Or you can use the “default” target retirement funds that you’re dogging, as they basically do the same thing. I find they’re a tad conservative for my taste but if you want to just “set it and forget it” they are a perfectly fine option.

You, on the other hand, are needlessly over complicating things. You are very unlikely to beat the market over time and will likely only hamper yourself 

[IGotWorms 4,057]

17 minutes ago, Hardcore troubadour said:

I think a big factor in this is of course, location. People from other parts of the country don’t know how expensive school and property taxes are in certain parts. Mine are up to 12k combined per year right now. And that’s not nearly as bad as in NJ and closer to the city. My house the next county down, less than 5- 6 minutes away, would be closer to 20k. Now if you have an outdated small ranch in some Shittburgh of let’s say Baltimore, you aren’t paying near that. Just something to consider. 

And you think landlords don’t pass that cost on to renters?

They just eat that expense out of the goodness of their hearts?

[Alias Detective 1,389]

13 hours ago, seafoam1 said:

 I just don't get why you and some others here are so protective of your approach and aggressive against another approach if you are so happy. 

Sounds to me like there is serious unhappiness at home. 

 

13 hours ago, seafoam1 said:

It is awesome exposing these hacks who think they are financial wizards and still have 20 years of mortgage left on their shlt house when they are in their 50s. 

BwahahahahaHahH

in the same focking hour no less.

BwahahahaHahahahhH