Anyone regret not buying a house?

[JM24]

People posting here clearly don't understand how real estate market works.
You guys are the same sheaps who got fucked in 2008-2011.



Let me ask something why you guys think the house bubble is raising ?
What could lead to a price crash ?
Are you prepared for a price crash ?
What happens if fed raises interest for private loans only ?
What happens if a few million people die because of covid/vax ?


Someone saying real estate is now the safest investment is exectly the kind of sheaps the business class is looking for.Buy high sell low.

Also people claiming owning is better than renting.
I bet i would make way more money using the funds for the house in a safe investment and renting than owning a house and its maintenance.
You also keep your flexibility

 

[KHer0]

Like always, people fall into generalization.

If you have 240k in the bank, and after 3 years you haven't doubled them, then yeah, buying this house would have been a good move.

Your methodology about housing prices is wrong, because you have to sell the house to actually get any money! And if you try to buy new house it will cost you more!

Buying houses or flats for living isn't an investment, its a saving, you protect money value from inflation.

If you can invest this money, you would make much more profit than putting it into house.

The best way to manage money is work hard to make a good capital, then find a good way to invest this capital, then you live only from this capital earnings.

So, you are not working to feed yourself, you are working to grow your capital, which will grow your profit which means better life quality.

This is how you achieve real financial freedom. Now, when your profits from your investments reache enough to buy a house (Installments), it will be the right time to buy one. Same for cars and any other stuff.

 

[KHer0]

People posting here clearly don't understand how real estate market works.
You guys are the same sheaps who got fucked in 2008-2011.



Let me ask something why you guys think the house bubble is raising ?
What could lead to a price crash ?
Are you prepared for a price crash ?
What happens if fed raises interest for private loans only ?
What happens if a few million people die because of covid/vax ?


Someone saying real estate is now the safest investment is exectly the kind of sheaps the business class is looking for.Buy high sell low.

Also people claiming owning is better than renting.
I bet i would make way more money using the funds for the house in a safe investment and renting than owning a house and its maintenance.
You also keep your flexibility

Right and Wrong. Over the human history which goes for thousands of years.. there were only 2 safe ways for storing money value, Gold and Lands. Those two will NEVER lose value over the course of years. 2 or 4 years, yes, but 10 to 20 years they will always turn into profit.

Its just not an investment unless you are turning it into business. Its an asset to protect your money from inflation.

I totally agree with last paragraph untill you are making enough from those invests, you should go and buy some assets

 

[Dopious]

Yes, I regret not buying a house, worst economical decision I ever made .. If your between 20-30 buy a fckn house, you can rent it out if you don´t want to live in it, just fckn buy it. Buy it as early in your life as possible.

 

[NulledCode]

I don’t know why you wouldn’t buy a house? Why pay someone else to rent and have nothing to show for it?

I also would never pay cash for a home when mortgage rates are low and the stock market is doing well, as long as the market’s return is greater than the interest payment of the home loan.

 

[JM24]

Right and Wrong. Over the human history which goes for thousands of years.. there were only 2 safe ways for storing money value, Gold and Lands. Those two will NEVER lose value over the course of years. 2 or 4 years, yes, but 10 to 20 years they will always turn into profit.

Its just not an investment unless you are turning it into business. Its an asset to protect your money from inflation.

I totally agree with last paragraph untill you are making enough from those invests, you should go and buy some assets

Wrong! Why ?

1.Majority of people expecially in the US take longterm loans to buy a house.
2.You can't compare the past with the next 10 years.

The diffrence Agenda 2030.
Industry 4.0 and digitalisation which will get us arround 35% unemployment till 2025 and arround 80% till 2030.
Biggest house bubble in history because of no interrest rates.
billions of people taking experimental vax
chinese house market collapsing
a us community living from month to month
high inflation eating the last savings of people.

How much are houses worth if you can't find a buyer who has enough money ?

 

[Yoram]

Yeah definitely. The house prices went up like 100-150% last 10 years. I just never had enough money to buy a property

 

[CreativeDaddy]

Its good business if you know what you're doing.

 

[oatmeal]

Regrets should never be a part of life

That is true. Unfortunately it usually is. I guess it's just a state of mind that one chooses to live life by. You can choose to just go forward and live in the day or choose to think about all the past regrets.

 

[Dopious]

That is true. Unfortunately it usually is. I guess it's just a state of mind that one chooses to live life by. You can choose to just go forward and live in the day or choose to think about all the past regrets.

Regrets are just fine, they reminds you that you learned something from it. But never let regrets hold you back, just do better next time .. =)

 

[oatmeal]

You're not 'making money' from a house you're living in. It's just on paper. To book that profit you'll have to sell the house, landing up again in a rented house or buying an even more expensive house.
The money you make is from additional properties that you invest in.
Also, to answer your question, it's always better to own your house. Even I'm aiming to achieve that soon.

True. But it's still profit because if I sold the house 3 years later and made 80K from it and go back to renting a small room, I'm 80K up than if I didn't buy the house.
It's kind of like crypto and other investments. People only have the profits on paper but they don't actually have it in their pocket unless they sell off all their assets which they almost never do because nobody actually needs 1 billion dollars in cash. You can't spend that much on physical goods even if u wanted to. It's just reinvested in other assets to keep growing your wealth "on paper".

 

[oatmeal]

I don’t know why you wouldn’t buy a house? Why pay someone else to rent and have nothing to show for it?

I also would never pay cash for a home when mortgage rates are low and the stock market is doing well, as long as the market’s return is greater than the interest payment of the home loan.

The main reason why I didn't buy a house was because my job was actually paying for my rent. But still that rent money wasn't going in my pocket but just right out the door, and that job situation wasn't going to last forever (because I hated it and had to get out) and I should have invested and bought that house.

 

[clientica]

I bought one when pricing goes up and am happy now!

 

[zerolimit]

Rather than a house, buy a store. the rent price is much higher than house not only that you can use it yourself selling something so you will never go hungry.

I'm 32 years old and still renting myself and I'm planning to rent for another two years before buying a house, but after a house, I plan to buy a small store. Maybe selling cake or something while working online.

That's my retirement plan, lol.

Open a small store, work online and use the afternoon for nap and sipping tea in the backyard.

 

[3asba lik]

You will regret buying the house in 2 years when the house price will be -50% at least
when evergreen will be fucked and all the real estate will be too

 

[Fang Yu]

People posting here clearly don't understand how real estate market works.
You guys are the same sheaps who got fucked in 2008-2011.



Let me ask something why you guys think the house bubble is raising ?
What could lead to a price crash ?
Are you prepared for a price crash ?
What happens if fed raises interest for private loans only ?
What happens if a few million people die because of covid/vax ?


Someone saying real estate is now the safest investment is exectly the kind of sheaps the business class is looking for.Buy high sell low.

Also people claiming owning is better than renting.
I bet i would make way more money using the funds for the house in a safe investment and renting than owning a house and its maintenance.
You also keep your flexibility

Don't take your case (country) for generality.
You don't know where the OP lives. Maybe it's a good investment in his area.

 

[Veritura]

Liability

 

[mikemike2020]

nope...it's a bad investment...better rent one

 

[NulledCode]

The main reason why I didn't buy a house was because my job was actually paying for my rent. But still that rent money wasn't going in my pocket but just right out the door, and that job situation wasn't going to last forever (because I hated it and had to get out) and I should have invested and bought that house.

Yea that sucks, so instead of you getting the tax deduction, your employer gets it.

People need to realize housing is a long term investment and an asset you can leverage. Why do you think wealthy people own so many homes? Why the fuck would you pay rent to somebody else? News flash, you can rent out your house and get paid!

 

[crnack]

Yea that sucks, so instead of you getting the tax deduction, your employer gets it.

People need to realize housing is a long term investment and an asset you can leverage. Why do you think wealthy people own so many homes? Why the fuck would you pay rent to somebody else? News flash, you can rent out your house and get paid!

I always wanted to buy a house. Unfortunately all I did was online scams.