Tacos in St. Louis area

Yea, but mine were beat up lol. Plus they weren't "custom" all the people that were interested were either west or east coast and shipping was Ludacris

 

Or for half the price of Baja's you can get Superior lights from certain other companies.

Meh. Houses are dumb. They don't even have a transfer case. What's the point

 

instead of making somone else rich, make yourself rich

 

No such thing as superior lights. Other certain companies don't have lifetime warranty

 

Buying a house is overrated

 

So what you're saying is.........sell drugs

 

…now you can have sub par lights for your whole lifetime

 

Don’t need lights on it if you never wheel it.

 

Make the bank rich when you buy a house.

Lights before lockers

 

You making the bank and the landlord rich when you rent and you own nothing.

Bank will get richer sure, but you can payoff earlier, you build equity, and you can sell at a profit. You have room to side hustle.

 

Side hustle like sell drugs

 

I'll make you a deal

You front me $25,000 for a down payment, and I'll quit paying rent AND get some side hustle running.

Probably with @Sasquatch3153

 

Sell one truck and you'll have a down payment plus money in savings

 

Bold assumption that they are paid off

 

Or when the housing market collapses you can be stuck underwater

taxes and interest are also a significant amount of the payment the first few years.

Buying a house is the latest version of “you gotta goto college”.

 

Houses ain't and won't get cheaper even if there is a correction. It won't be another 2008 housing crash. It will only get expensive. rent will only increase. Interest rates won't come down anytime soon. So if you ain't getting a house now, it won't be any easier later if not near impossible.

Inflation is way higher than what is being reported. Which only means that the Interest rates at the moment are way cheaper than they will be.

So I disagree with your rationale. You can be stuck even with rent and if you think rent will go down or not change, wrong. Rent will go vertical, and that's what they want, make money off you. Because hedge funds and big corps own these properties. You have Chinese corps buying up houses and rental properties.

Right now sellers are slashing prices and that's the right time to get in.

Your analogy does not make sense because you are not building equity by taking student loans. Your ROI on that deal is terrible unless your a high skilled labor but with that your cost is high.

You buy a house, two years later you decide to sell it, you can sell for a profit or breakeven, guess what you get what you put in, plus some change.

The only risk to house payment default is people losing their jobs or things getting way expensive to a point where they are no longer able to make ends meet.

 

Except for the fact nearly everything you are paying is going to interest. Look at an amortization schedule. Most people are getting a 30 year loan and that $250k house, you are paying $500k by the time you are finished.

plus let’s not forget about taxes, maintenance, unexpected repairs. Those all add up.

people keep saying prices are only going to keep going up but the market has already slowed because people can’t afford to buy them. Same with inflation, people start pulling back on purchases.

buying a house isn’t always the right answer.

 

the DCSB is not getting sold. Kiddo needs a safe place to sit. And the sport MT... It would take a lot of work and cash to get that into sellable condition.

So... Where is your house?

 

The goal is to have it paid at 15 if not less if not sell it and transfer the equity built in to another.

So the grand plan is to keep pissing your money in to somonelses pocket and never own anything? That does not make any financial sense.

You pay taxes when you rent. So not sure how's that any different. Sure there is repairs, ok. Guess what, that's equity when you sell.

Something you are not mentioning is that all the interest and shit is tax deductible so every year you get a credit on your taxes.

There will be a correction but prices won't go down to what they were. After the correction those prices will go up. It's a cycle.