Comment on Share with those less fortunate
Jmdatcs@lemmy.world 8 months agoBro, you need to take the L here.
I’ll ignore you obviously having no idea what net worth means and trying to move the goalposts from your dip shit 50% comment again and just say this:
Even in a buyer’s market where the seller pays their realtor fees, the buyer’s realtor fees, and closing costs, you’re talking 7-8% tops. If your home hasn’t decreased in value and it takes you decades, or even just years, to have 7-8% in equity, you are a class-A fuckup.
DragonTypeWyvern@literature.cafe 8 months ago
Ok buddy.
Hey, smart idea, since homes are guaranteed investments right now, you should just start buying up properties.
I mean, if Blackstone can do it, why not you?
No need to even rent them out!
They just build equity for free!
Jmdatcs@lemmy.world 8 months ago
Are you mentally impaired? Like diagnosed? I don’t want to make fun of you if you are, that would be mean.
Stop putting words in my mouth and stop moving the goalposts.
You said you have to pay 50% of your mortgage before a house adds to your net worth. That isn’t just wrong, it’s dumb as fuck.
You said it takes years or decades to be able to break even selling a house. That’s not just wrong, it’s dumb as fuck.
Weather or not is a smart idea for a particular person to buy a particular house or if it’s a good idea to invest in real estate vs something else are different discussions. I would bet it’s a bad idea for you because you seem unable to grasp even the most basic concepts.
DragonTypeWyvern@literature.cafe 8 months ago
Ahhh all of sudden we’re admitting mortgages are both a risk and an initial loss in value, interesting.
Good luck trying to win internet arguments with insults, I’m sure it seems natural to you.
Doesn’t tell the audience what your own insecurities are at all.
Jmdatcs@lemmy.world 8 months ago
I’m not trying to win by insulting you, I’m doing that because you deserve it. You should feel bad about what you are. If you feel shame for it maybe you’ll keep your mouth shut like a good little halfwit instead of vomiting out bullshit that might influence others to make a bad decision.
You can’t win so you keep putting words in my mouth. I never said mortgages are a risk and I absolutely didn’t say they were a loss in value. I’d say I didn’t know where you’re getting that, but it’s probably right out of your ass like everything else. I not saying now that there aren’t risks involved in buying a house but I never said there were, because that’s not what I’ve been talking about. I’ve just been refuting your nonsense about home equity as it applies to net worth and the rate you gain equity after buying.
In case you forgot, once again:
You said you have to pay off 50% of a house before it’s positive to your net worth. That’s not just wrong, it’s dumb as fuck.
You said it takes years or decades to break even selling a house. That’s not just wrong, it’s dumb as fuck.