Jmdatcs
@Jmdatcs@lemmy.world
- Comment on Share with those less fortunate 1 year ago:
For the sake of anyone in the future that might be subjected to the inane bullshit that issues from your deficient mind. I really hope you do feel that way. Sometimes valuable lessons are hard to hear. Good luck applying them, I’m sure everyone in your life would appreciate it.
- Comment on Share with those less fortunate 1 year 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.
- Comment on Share with those less fortunate 1 year 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.
- Comment on Share with those less fortunate 1 year ago:
Bro, 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.
- Comment on Share with those less fortunate 1 year ago:
I wasn’t taking about that guy, he said he’s underwater.
I was responding to your bullshit about needing to pay off 50%+ for your home to be a net positive to your net worth.
“New mortgage” doesn’t matter, as soon as you make the down payment, before you make a single mortgage payment, as long as the house hasn’t decreased in value you have equity and that adds to your net worth.
As long as you can sell and have $1 left over after leins and expenses, it adds to your net worth. It’s the value of the home less any leins, not your equity less any leins when determining what it means to your net worth.
- Comment on Share with those less fortunate 1 year ago:
TF you taking about? You use the whole price of the asset for net worth. If your mortgage is $1 less than what you would get from selling it that’s +$1 to your net worth.
If you’re house sells for 500k after expenses and you owe 300k you don’t just get the 200k and still owe 300k.
My house is worth ~1.8mm and I owe ~140k, that’s +1.66mm to my net worth. Even if I owed 1mm, I’d have +800k.
Unless the house is worth less than you owe, having a mortgage on your house isn’t a negative to your net worth.
- Comment on Stranger Than Fiction should have been Will Ferrell’s big dramatic break 1 year ago:
Nominated, won, and gave one of the best acceptance speeches of all time.