What is the point of buying a condo, or duplex, or high rise apartment...

What is the point of buying a condo, or duplex, or high rise apartment? It seems like they're the ultimate jewing of property. Unless you buy a house with land, you're getting JEWED

Other urls found in this thread:

businessinsider.com/nobel-prize-robert-shiller-housing-not-great-investment-2013-10
m.realestate.com.au/property-apartment-qld-kelvin grove-123834486
youtube.com/watch?v=YwjvU15-d1Y
youtube.com/watch?v=kQ8xqyoZXCc
m.yourinvestmentpropertymag.com.au/market-analysis/why-apartments-trump-houses-as-investment-118776.aspx
twitter.com/SFWRedditImages

>buying a house
>tying yourself to one place and making monthly payments regardless
>having to repair and insure everything yourself
Dont fall for the real estate jew

>Renting an apartment
>Making monthly payments to someone else
>Seeing that money make your landlord wealthy instead of gradually increasing your own equity
Don't fall for the real estate jew indeed.

For what its worth, Robert Shiller thinks that renting is a superior form of wealth management than buying a home. Owning rental properties is potentially great, but buying a McMansion is retarded.

businessinsider.com/nobel-prize-robert-shiller-housing-not-great-investment-2013-10

I will never ever ever buy a fucking time share.

Harder to get rid of than herpes.

Renting gives you mobility though.

pic unrelated

Buying a home as an investment isn't a great idea, unless you live in an area where real estate prices are heating up.

However, if you are going to be paying for housing either way (buying or renting), and the cost to you is close to the same, why wouldn't you choose the option where you end up owning something?

The example in the link is ridiculous. Houses hold their values far better than cars do.

Even when you buy a house and land you're still just renting. And the landlord raises rent every year to pay for all the Mexican kid's school, food, healthcare and policing.

There is no such thing as owning land or a house anymore. As soon as you stop paying, you are evicted.

Depends on your lease. Most renters in my neck of the woods have one-year leases. I can sell my house in under a year if it comes down to it.

But why would I want the mobility? I have a family, I participate in my community. A transient lifestyle only contributes to large-scale cultural degeneracy anyways.

My condo is across the street from a university. It grows 4% annually and I can rent it out for $500 more than my total monthly costs.

It's not my only investment, but it's better to diversify and can be thought of as an investment. Best part is? Although there are HOA fees, unlike a private house if I choose to move across the world and rent it out, it's new, low maintenance and anything exterior is taken care of.

All in all I wouldn't buy one for an actual home. As a starter and investment there is merit. It's working for me as I start my new job and I have a three year plan to turn it into an investment I rent to morons like OP.

Check some online calculations on this.

It's really not certain that the mortgage owner comes out better than a renter who saves the excess money.

Taking on debt is being a slave. The best way is really to rent way below your means, put the rest toward buying a home outright. Suffer maybe 5 years and then have your own property, no debt.

That's the way to be truly free. Plus your monthly earnings should skyrocket at that point, given that you have a minimal cost of living.

Remember to set aside both your savings and a house fund (for repairs or emergencies).

See my follow up post
>However, if you are going to be paying for housing either way (buying or renting), and the cost to you is close to the same, why wouldn't you choose the option where you end up owning something?

If buying is significantly more expensive than renting, then sure, renting makes sense. But it's often the case that buying with a mortgage doesn't cost all that much more than renting.

what site do you use?

>falling for the property jew

Youre basically a kike if you own any form of land or property.

The ultimate redpill is being a vagabond

I'm looking at getting something like this.

m.realestate.com.au/property-apartment-qld-kelvin grove-123834486

Yeah it's expensive as fuck but I'm a single guy. Twice divorced. All I need is a bachelor pad. And look at that view.

Why should I buy a house and land when it's just me on my own and I don't have or want any pets? I don't have kids and don't want them.

I don't want to fuck around gardening and weeding and mowing the damn lawn. I don't want a big house because it's too much work doing all the cleaning. I don't want to hang clothes on the line.

I just wanna get home after a 10-15 minute walk from work. Stroll into my lobby and ride the elevator to my apartment. Go inside. Chuck my clothes in the washer and dryer and my dishes in the dishwasher and relax.

twice divorced m8 ? 3xs the charm

Yup. Do 4 years in the military, take the first time homebuyer incentive and turn that 30 year note into a 10. Assuming you live frugally of course

No way. First marriages have a 50% failure rate. Second 85% and third or above have >95%.

There's no point.

This!

Although most women want a permanent place.

youtube.com/watch?v=YwjvU15-d1Y

>Why should I buy a house and land when it's just me on my own

Good to see you're thinking ahead mate.

From what I can see property is sky rocketing in Australia, wasn't long ago you could get a nice bit of land for not much but its shot up in recent years, if you have the money it wouldnt be a bad investment if maybe one day you meet a lass and change your mind and decide to have kids.

Why would you not want a garden? I bet once you owned one it would change your opinion completely.

Gardening is wonderful, especially if you set up automatic irrigation.

I've considered a van, looks pretty comfy. Yeah most women want their luxuries and a proper home unless you get some crusty haired hippy girl

This is not political, stop posting these off-topic threads.

Sup Forums is turning into shit because of people like you who post retarded nonsense on Sup Forums instead of Sup Forums.

Condos can be good entry options if you get in on a low interest rate and plan to stay in one for awhile, you'll end up with some equity rather than renting and flushing money down the toilet.

Of course a house with land is better if that's a viable option for you, if you can afford the down payment and mortgage without too much stress (don't want to be in a situation where getting fired from your job means you can't pay your mortgage).

Personally I bought a new condo in 2005 for $120k, it's paid off now, I do pay a monthly strata of $250 but if I had been renting in the same building it would be costing me about $850/month for this place and I would have dumped over $100k down the drain with zero equity to show for it.

I am considering a house soon but it's just me and my fiance, no kids, and not sure if I want any, so a house seems kind of impractical in terms of the space and upkeep required when this condo is still perfectly suitable.

>crusty haired hippy girl

I would love to spend a couple of years driving cross-continent with a pleasant hippy chick.

Stopping where ever.

Could be pleasant.

Would avoid Baltimore and Detroit and Charlotte and St Louis, etc.

Still lots of good people out there though.

youtube.com/watch?v=kQ8xqyoZXCc

Wouldn't /biz/ be more appropriate?

Already owned a place on 2 acres. 4 bedrooms, double lockup. Had it all paid off. Lost it in the first divorce.

Put a lot of work into the place. Just really cbf doing it again. And buying a house in the area I wanna live would cost me 1 million at least and I don't wanna spend the rest of my life paying it off.

You have no idea how America's tax code works and or you are poor. Owning property outright is dumb. It's a risk, a gamble and you don't benefit from the tax write offs. Use someone else's money (low risk if another bubble bursts and your shit is worth walking away from) and play the game with taxes. Honestly the more I make the more sense it is to be in the right kind of debt.

Owning outright is both dangerous as an investment and you still get suckered into paying the gman rent anyways. At least playing the mortgage game you can "up rank" and climb. A home is merely a diversified bank product you can park your ass on.

Obviously there are no adults who make 6 figures on Sup Forums today.

t h i c c

im going to unironically recommend /r/vandwellers which is inspiring tbqhwy

looks like a lot more potential to do this in america rather than this rainy little island. more space in america to pull up and stop somewhere, also more odd jobs to do each day to earn some money for petrol and food. its definitely doable, id love to do it one day

What is the point in this image you utter cunt muffin?

To lease it out?

I bought a complex for 620K a few years ago. The income after expenses, taxes, and interest is about 80K. I could quit my job and retire if I wanted to.

Unfortunately, hiring someone to manage the property would eat at least half the income, so I'll be working for a few more years at least.

Nobody ever mentions how flats that are at least 2 floors above ground levels are much safer than a house. In a house, they can just brake you windows and murder/rob you. In a flat, there is basically only one entry point and it's a thick door with multiple locks, not just a sheath of glass.

The other reason why houses are less safe is that you generally only have 2-3 neighbors that could hear the break-in, while in a flat the whole neighborhood would wake up on the sound of someone kicking out the door.

Sounds like Dave Ramsey advice. Or save for a down payment and put the rest of the house on a 15 year fixed.

I'm renting currently but it's quite low for a 2bd2br apartment at $795/mo. I can still save the majority of my paycheck and put some into my 401k while saving for a house. Hoping to just buy outright in a few years and never have any debt.

Who the fuck wants to take care of a house? That's time I could be spending on better shit.

EQUITY

/thread

>Had it all paid off. Lost it in the first divorce.

I know so many co-workers (and my uncle) who did that very thing.

Worked hard on a house. Weekends they could have been golfing or fishing or riding with their buddies.

But they worked on the house and had cookouts with the wife.

Who eventually file for divorce.

Sucks.

To save up enough money to buy a home and pay it off in a reasonable time frame. I'm in one now and will be for a few more years.

By age 25 I plan on being a homeowner though.

Don't do it

A man needa land

I bought a small third floor comdo 15 years ago with some inherited money..

I paid in full thinking I'd live cheaply.

After a few years I discovered certain adverse conditions I now find are intolerable and need to sell

Condos are only good for people who are already dead inside.

The tax write-offs basically allow you to cut your effective interest rate in half (you deduct your interest payments from your income, you don't deduct them from your tax bill). You're still paying more than you would if you purchased it outright.

Thanks user.

Will check it out.

Get in here then.
We're talking about van dwelling.
>
>
Time to get comfy Sup Forums

Here's a better article, but same conclusion.

Rent + Invest > Forced savings plan (mortgage)

I would be astonished to find ANYWHERE that it would be cheaper to take out a mortgage for a full house than it would be to rent a single room. As a young male, there is absolutely zero reason for me to take out a mortgage.

What if you own an apartment in a Trump building?

Outright there is still more risk.

You are not playing the credit game and building a history of being a good goy to the banks.

You cannot invest in something that grows with the market early, but rather leave your funds in a savings account making less as interest does not equal inflation and or take more risk in a product like a Roth IRA.

Buying a reasonable smart investment home with a mortgage stretches your money and is a good investment.

Then there is still the tax issues I brought up which lowers the "fee" for investment.

You don't wanna build equity and save money? I always thought I'd be a renter too but I'm currently on the verge of buying a house

>falling for the mortgage jew
>falling for the property tax jew


the more i look at society, the more appealing this becomes

I want to buy an entire building and rent it to obese NEETS. I'll call it "the NEET farm."

>not saving and paying cash for a house

Top cuck

Yeah it sucks. I was even stupid enough to try it a second time.

Way I see it I just need a washing machine/dryer and I can fold my own clothes and out them away (or not) and the dishwasher can do the dishes. Robot vacuum cleaners can clean the house. I can walk straight out the door and be at a dozen different restaurants. If I wanna get laid I can just fuck single women in my building or plow a bunch of QT Asian hookers with all the time and money I've saved not having a wife or kids or pets or a house.

And if I ever get sick of it all I can just walk right out on the balcony and jump off the side. Houses don't offer you that luxury.

I've thought of buying a small complex but I'm pretty sure I'd end up getting sued for discrimination

Also this is what a $187k house in SoCal looks like

It doesn't include the $975 a month space rent

i was looking at a triplex in ok-ish neighborhood not too far from metro station. Renting each apartment for ~1300$/month would bring me 20k annually after mortgage and taxes

Im doing it so i can save money forget about rent and go 2 college
COMFY

What up fellow Huntington fag.
White guy in Slater slums, reporting in.

The loneliest I have ever been was in a relationship with a woman I lived with that went to shit.

Thank Christ I never had a kid with any of them.

pic unrelated

I want a house for this pretty much. Hell I want a little greenhouse so I can grow in the suburban chicago winters.

Not much looking at houses in the northern OC, southern LA area, pretty slim pickins

Good idea, I'm thinking of going back to university, somewhere with cheap fees (like Austria).

This would solve the problem, but I think it would be pretty hard to convince a girl to fuck a 28 year old in this thing.

Same. At least when you're single you always have the hope and opportunity to meet new people and the hope of getting laid. Not so in a fucked up relationship.


Besides it kinda makes sense apartments are the better investment

>The value of real estate is in the land, the experts say, so you should plonk your investing dollars in houses where the land value appreciates for many years to come.

>However, George Raptis, director of Metropole Sydney says that rule doesn’t always apply.

>"Some people have this notion where they think that a house and land is a good concept as far as investment is concerned, because obviously the land appreciates, but the house doesn’t,” he says.

>"But here’s the thing: if you go out into the suburbs and buy a house and land package, you might pay $400,000. Of that, $100,000 accounts for the land, and $300,000 is the cost of constructing the property. So the part of the asset that appreciates is only a small portion anyway.

>"If you buy an apartment in a premium land-locked suburb, the land has a higher value. There might be a block of 10 apartments in Bronte, for instance, where the land beneath is worth millions of dollars. Your land-to-asset ratio is a lot higher, and that’s really what drives the price up.”

>In other words, Raptis is saying that it might be better to own a small slice of a highly valuable piece or land, rather than a large slice of a low-value patch of dirt.

m.yourinvestmentpropertymag.com.au/market-analysis/why-apartments-trump-houses-as-investment-118776.aspx