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Why I, as a Milennial, will NEVER be buying a House

 
Anonymous Coward
User ID: 74911951
United States
05/18/2017 11:01 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
It's pretty simple, really.

A mortgage is DEBT.

A mortgage is payment servitude to the banks for 15 or 30 years.

And since the housing market has been inflated, it's nearly impossible to purchase a nice home on just one salary.

By renting, I dont have to pay property taxes.

By renting, I dont have to pay HOA fees.

By renting, I dont owe shit to the banks. Renting doesn't require you to be in debt to mortgage lenders.

Buying a house is not worth it. You will pay off double in interest what you will the principle. Over the course of a 30 year fixed mortgage you could spent $500,000 for a $200,000 house.

So I will be renting, forever, and NEVER buying property. Boomers have fucked the housing market to no end. They are putting these houses that haven't been renovated in 40 years on the market for half a million dollars.

Im not playing this game.

Fuck the whole "you want to buy a house so you can own something " bullshit. I could care less about home ownership when renting is cheaper and doesnt require me to take out a mortgage loan to be enslaved to the bank.
 Quoting: Anonymous Coward 74561869


plus owning involves a lot of maintenance, upkeep and potential head-aches dealing w tenants, accidents and liability (someone might sue you for all kinds of issues, the property may have deed restrictions, etc).

BUT, if you are smart and dedicated, you can and should pay extra every month and cut down the amount you eventually pay the bank substantially…if you make some bling while building your asset, you may even pay off the debt early and be living in a place you can call home because you have made it your own…

ownership is still worth it, you just have to know where to move, know what you want, and set yourself up for the ability to buy and live…plus you can help fix the problem by preparing a home for your kids to benefit from…while you live out back in your later years in a cabin watching your grandkids grow...
NewEarth 5D
User ID: 74914079
Brazil
05/18/2017 11:01 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
Homeowners actually think that they own their homes. It's so cute.
 Quoting: Anonymous Coward 45425668


ALWAYS remember to write it down:

Home"owners" actually think that they own their homes.

It is more precise and truthful.
BrokenTech

User ID: 74885369
United States
05/18/2017 11:01 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
This is the fucking generation that makes first contact with aliens? Jeezzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
 Quoting: Anonymous Coward 42904014


Most likely.

Since you were ALL SO WORRIED ABOUT RENTING STOLEN GOODS.

How do you feel about it all when HIGHLY ADVANCED CIVILIZATIONS HAVE FREE-ENERGY LIGHTSHIPS AT THEIR DISPOSAL???

LIGHT!!!
 Quoting: NewEarth 5D 74914079


Or they simply just blow the planet to smithereens.

xxxcite
Gami

User ID: 71679261
United States
05/18/2017 11:02 PM

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Re: Why I, as a Milennial, will NEVER be buying a House
It's pretty simple, really.

A mortgage is DEBT.

A mortgage is payment servitude to the banks for 15 or 30 years.

And since the housing market has been inflated, it's nearly impossible to purchase a nice home on just one salary.

By renting, I dont have to pay property taxes.

By renting, I dont have to pay HOA fees.

By renting, I dont owe shit to the banks. Renting doesn't require you to be in debt to mortgage lenders.

Buying a house is not worth it. You will pay off double in interest what you will the principle. Over the course of a 30 year fixed mortgage you could spent $500,000 for a $200,000 house.

So I will be renting, forever, and NEVER buying property. Boomers have fucked the housing market to no end. They are putting these houses that haven't been renovated in 40 years on the market for half a million dollars.

Im not playing this game.

Fuck the whole "you want to buy a house so you can own something " bullshit. I could care less about home ownership when renting is cheaper and doesnt require me to take out a mortgage loan to be enslaved to the bank.
 Quoting: Anonymous Coward 74561869


Hmmm....so much wrong here ....I don't have the energy to explain.
God is good.
NewEarth 5D
User ID: 74914079
Brazil
05/18/2017 11:05 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
It's pretty simple, really.

A mortgage is DEBT.

A mortgage is payment servitude to the banks for 15 or 30 years.

And since the housing market has been inflated, it's nearly impossible to purchase a nice home on just one salary.

By renting, I dont have to pay property taxes.

By renting, I dont have to pay HOA fees.

By renting, I dont owe shit to the banks. Renting doesn't require you to be in debt to mortgage lenders.

Buying a house is not worth it. You will pay off double in interest what you will the principle. Over the course of a 30 year fixed mortgage you could spent $500,000 for a $200,000 house.

So I will be renting, forever, and NEVER buying property. Boomers have fucked the housing market to no end. They are putting these houses that haven't been renovated in 40 years on the market for half a million dollars.

Im not playing this game.

Fuck the whole "you want to buy a house so you can own something " bullshit. I could care less about home ownership when renting is cheaper and doesnt require me to take out a mortgage loan to be enslaved to the bank.
 Quoting: Anonymous Coward 74561869


plus owning involves a lot of maintenance, upkeep and potential head-aches dealing w tenants, accidents and liability (someone might sue you for all kinds of issues, the property may have deed restrictions, etc).

BUT, if you are smart and dedicated, you can and should pay extra every month and cut down the amount you eventually pay the bank substantially…if you make some bling while building your asset, you may even pay off the debt early and be living in a place you can call home because you have made it your own…

ownership is still worth it, you just have to know where to move, know what you want, and set yourself up for the ability to buy and live…plus you can help fix the problem by preparing a home for your kids to benefit from…while you live out back in your later years in a cabin watching your grandkids grow...
 Quoting: Anonymous Coward 74911951


But you never ever EVER "own" it.

You RENT it.

In Brazil you RENT IT from a LOT OF CORRUPT CRIMINAL MASONS.

AND I don't mean the landlords.

I mean the BUREOCRATS.

The ones who think they CAN RENT IT TO YOU.

EVEN THOUGH IT IS STOLEN.
nicolaem
User ID: 53853811
United States
05/18/2017 11:06 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
try vladivostok, russia...its the pre-60's san francisco of russia.... and we thank you for your support...
NewEarth 5D
User ID: 74914079
Brazil
05/18/2017 11:06 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
This is the fucking generation that makes first contact with aliens? Jeezzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
 Quoting: Anonymous Coward 42904014


Most likely.

Since you were ALL SO WORRIED ABOUT RENTING STOLEN GOODS.

How do you feel about it all when HIGHLY ADVANCED CIVILIZATIONS HAVE FREE-ENERGY LIGHTSHIPS AT THEIR DISPOSAL???

LIGHT!!!
 Quoting: NewEarth 5D 74914079


Or they simply just blow the planet to smithereens.

xxxcite
 Quoting: BrokenTech


You are too ameriKKKan to understand the LEVEL OF THEIR CIVILIZATIONS.

FREE-ENERGY LIGHTSHIPS.

LET ME SPEAK WITH A RUSSIAN!!!
BrokenTech

User ID: 74885369
United States
05/18/2017 11:07 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
It's pretty simple, really.

A mortgage is DEBT.

A mortgage is payment servitude to the banks for 15 or 30 years.

And since the housing market has been inflated, it's nearly impossible to purchase a nice home on just one salary.

By renting, I dont have to pay property taxes.

By renting, I dont have to pay HOA fees.

By renting, I dont owe shit to the banks. Renting doesn't require you to be in debt to mortgage lenders.

Buying a house is not worth it. You will pay off double in interest what you will the principle. Over the course of a 30 year fixed mortgage you could spent $500,000 for a $200,000 house.

So I will be renting, forever, and NEVER buying property. Boomers have fucked the housing market to no end. They are putting these houses that haven't been renovated in 40 years on the market for half a million dollars.

Im not playing this game.

Fuck the whole "you want to buy a house so you can own something " bullshit. I could care less about home ownership when renting is cheaper and doesnt require me to take out a mortgage loan to be enslaved to the bank.
 Quoting: Anonymous Coward 74561869


Hmmm....so much wrong here ....I don't have the energy to explain.
 Quoting: Gami


Yeah, by their reasoning we should all live under a bridge just so we can stick it to the man.
BrokenTech

User ID: 74885369
United States
05/18/2017 11:09 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
This is the fucking generation that makes first contact with aliens? Jeezzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
 Quoting: Anonymous Coward 42904014


Most likely.

Since you were ALL SO WORRIED ABOUT RENTING STOLEN GOODS.

How do you feel about it all when HIGHLY ADVANCED CIVILIZATIONS HAVE FREE-ENERGY LIGHTSHIPS AT THEIR DISPOSAL???

LIGHT!!!
 Quoting: NewEarth 5D 74914079


Or they simply just blow the planet to smithereens.

xxxcite
 Quoting: BrokenTech


You are too ameriKKKan to understand the LEVEL OF THEIR CIVILIZATIONS.

FREE-ENERGY LIGHTSHIPS.

LET ME SPEAK WITH A RUSSIAN!!!
 Quoting: NewEarth 5D 74914079


Oh, so you understand alien civilizations, sorry, I mean advanced civilizations?

Did you happen to visit one of their planets and take their alien civilization 101 for Humans courses?
Gami

User ID: 71679261
United States
05/18/2017 11:09 PM

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Re: Why I, as a Milennial, will NEVER be buying a House
It's pretty simple, really.

A mortgage is DEBT.

A mortgage is payment servitude to the banks for 15 or 30 years.

And since the housing market has been inflated, it's nearly impossible to purchase a nice home on just one salary.

By renting, I dont have to pay property taxes.

By renting, I dont have to pay HOA fees.

By renting, I dont owe shit to the banks. Renting doesn't require you to be in debt to mortgage lenders.

Buying a house is not worth it. You will pay off double in interest what you will the principle. Over the course of a 30 year fixed mortgage you could spent $500,000 for a $200,000 house.

So I will be renting, forever, and NEVER buying property. Boomers have fucked the housing market to no end. They are putting these houses that haven't been renovated in 40 years on the market for half a million dollars.

Im not playing this game.

Fuck the whole "you want to buy a house so you can own something " bullshit. I could care less about home ownership when renting is cheaper and doesnt require me to take out a mortgage loan to be enslaved to the bank.
 Quoting: Anonymous Coward 74561869


Hmmm....so much wrong here ....I don't have the energy to explain.
 Quoting: Gami


Yeah, by their reasoning we should all live under a bridge just so we can stick it to the man.
 Quoting: BrokenTech


It's called rationalizing something to fit your stupidity.
God is good.
Anonymous Coward
User ID: 74812268
United States
05/18/2017 11:12 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
I'll never buy a house just like I'll never buy a car. I get sick of that shit after a few years and want something new. Sure it's financially not the absolute best outcome, but when your money is right, that don't mean shit.
Anonymous Coward
User ID: 45425668
United States
05/18/2017 11:12 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
A mortgage is debt. Period. Getting into debt isn't "smarter" than renting property. And most Millennials are in massive debt, so this idea that them buying homes and ADDING more to their debt is somehow "better" than them renting and saving the extra money to pay off their other debts, is ridiculous.
NewEarth 5D
User ID: 74914079
Brazil
05/18/2017 11:21 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
...


Most likely.

Since you were ALL SO WORRIED ABOUT RENTING STOLEN GOODS.

How do you feel about it all when HIGHLY ADVANCED CIVILIZATIONS HAVE FREE-ENERGY LIGHTSHIPS AT THEIR DISPOSAL???

LIGHT!!!
 Quoting: NewEarth 5D 74914079


Or they simply just blow the planet to smithereens.

xxxcite
 Quoting: BrokenTech


You are too ameriKKKan to understand the LEVEL OF THEIR CIVILIZATIONS.

FREE-ENERGY LIGHTSHIPS.

LET ME SPEAK WITH A RUSSIAN!!!
 Quoting: NewEarth 5D 74914079


Oh, so you understand alien civilizations, sorry, I mean advanced civilizations?

Did you happen to visit one of their planets and take their alien civilization 101 for Humans courses?
 Quoting: BrokenTech


No.

THEY actually visited my home in my SECOND sighting!

I took pictures!

RESEARCH IT IN HERE:

www.the5draver.info

Then here:

Richard Dolan, UFO speech, Best speech ever, Citizen Hearing on Disclosure, Rich Dolan, IMU,

[link to youtu.be (secure)]
Astral Goat
From the deep space petting zoo...

User ID: 59088074
United States
05/18/2017 11:21 PM

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Re: Why I, as a Milennial, will NEVER be buying a House
there will always be people wanting to buy a house and bid up price

supply and demand

there will always be renters and landlord who will increase your rent

Last Edited by Astral Goat on 05/18/2017 11:22 PM
Big stars breaking out through the indigo
Chevy wind comin' in and stereo
Tail lights dissapear in bout a mile or so
Down a county road
BrokenTech

User ID: 74885369
United States
05/18/2017 11:26 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
...


Or they simply just blow the planet to smithereens.

xxxcite
 Quoting: BrokenTech


You are too ameriKKKan to understand the LEVEL OF THEIR CIVILIZATIONS.

FREE-ENERGY LIGHTSHIPS.

LET ME SPEAK WITH A RUSSIAN!!!
 Quoting: NewEarth 5D 74914079


Oh, so you understand alien civilizations, sorry, I mean advanced civilizations?

Did you happen to visit one of their planets and take their alien civilization 101 for Humans courses?
 Quoting: BrokenTech


No.

THEY actually visited my home in my SECOND sighting!

I took pictures!

RESEARCH IT IN HERE:

www.the5draver.info

Then here:

Richard Dolan, UFO speech, Best speech ever, Citizen Hearing on Disclosure, Rich Dolan, IMU,

[link to youtu.be (secure)]
 Quoting: NewEarth 5D 74914079


Ok, so you took pictures, greatrolleyes. What does that really tell you about them in regards to how their society operates; NOTHING. Now unless you sat down with them at starbucks or invited them in for dinner and had a chat with them then you may have something.

Last Edited by BrokenTech on 05/18/2017 11:27 PM
NewEarth 5D
User ID: 74914079
Brazil
05/18/2017 11:28 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
...


Most likely.

Since you were ALL SO WORRIED ABOUT RENTING STOLEN GOODS.

How do you feel about it all when HIGHLY ADVANCED CIVILIZATIONS HAVE FREE-ENERGY LIGHTSHIPS AT THEIR DISPOSAL???

LIGHT!!!
 Quoting: NewEarth 5D 74914079


Or they simply just blow the planet to smithereens.

xxxcite
 Quoting: BrokenTech


You are too ameriKKKan to understand the LEVEL OF THEIR CIVILIZATIONS.

FREE-ENERGY LIGHTSHIPS.

LET ME SPEAK WITH A RUSSIAN!!!
 Quoting: NewEarth 5D 74914079


Oh, so you understand alien civilizations, sorry, I mean advanced civilizations?

Did you happen to visit one of their planets and take their alien civilization 101 for Humans courses?
 Quoting: BrokenTech


And WHY would YOU call an ADVANCED CIVILIZATION that is CAPABLE OF CREATING AN ARMADA (COPYCAT TRUMP ANYONE???) FREE-ENERGY LIGHTSHIPs AS "ALIEN"???

WHAT IS YOUR AGENDA??
NewEarth 5D
User ID: 74914079
Brazil
05/18/2017 11:35 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
...


You are too ameriKKKan to understand the LEVEL OF THEIR CIVILIZATIONS.

FREE-ENERGY LIGHTSHIPS.

LET ME SPEAK WITH A RUSSIAN!!!
 Quoting: NewEarth 5D 74914079


Oh, so you understand alien civilizations, sorry, I mean advanced civilizations?

Did you happen to visit one of their planets and take their alien civilization 101 for Humans courses?
 Quoting: BrokenTech


No.

THEY actually visited my home in my SECOND sighting!

I took pictures!

RESEARCH IT IN HERE:

www.the5draver.info

Then here:

Richard Dolan, UFO speech, Best speech ever, Citizen Hearing on Disclosure, Rich Dolan, IMU,

[link to youtu.be (secure)]
 Quoting: NewEarth 5D 74914079


Ok, so you took pictures, greatrolleyes. What does that really tell you about them in regards to how their society operates; NOTHING. Now unless you sat down with them at starbucks or invited them in for dinner and had a chat with them then you may have something.
 Quoting: BrokenTech


Listen,

You didn't RESEARCH my site as I advised you to, so all that you say in here only PROVES that you home "buyers"/RENTERS are SOOOOOOOO FUCKING INVOLVED IN THE CORRUPT CRIMINAL MATRIX that we have nothing to discuss really.

I started asking:

WHO GAVE THEM THE "RIGHT" TO RENT IT TO YOU???

WHO???


Since it is STOLEN goods!

But you don't even have the DIGNITY to RESEARCH MY WEBSITE...
NewEarth 5D
User ID: 74914079
Brazil
05/18/2017 11:38 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
And WHY would YOU call an ADVANCED CIVILIZATION that is CAPABLE OF CREATING AN ARMADA (COPYCAT TRUMP ANYONE???) FREE-ENERGY LIGHTSHIPs AS "ALIEN"???

WHAT IS YOUR AGENDA??
 Quoting: NewEarth 5D 74914079


MORE TO THE POINT?

PEACEFUL ARMADA OF FREE-ENERGY LIGHTSHIPS..
Anonymous Coward
User ID: 18834389
United States
05/18/2017 11:38 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
Because after you buy, section 8 or fair housing kicks in next door, dark filth moves in, you lose your azz because the neighborhood is destroyed and the schools are ruined!
 Quoting: Anonymous Coward 53236727


Stay away from the ghetto.
 Quoting: BrokenTech


That stupid negro infestation law that obummer signed , fair housing act, basically lets them move into any white areas at a super low cost....the ghetto is everywhere!
NewEarth 5D
User ID: 74914079
Brazil
05/18/2017 11:40 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
And WHY would YOU call an ADVANCED CIVILIZATION that is CAPABLE OF CREATING AN ARMADA (COPYCAT TRUMP ANYONE???) FREE-ENERGY LIGHTSHIPs AS "ALIEN"???

WHAT IS YOUR AGENDA??
 Quoting: NewEarth 5D 74914079


MORE TO THE POINT:

PEACEFUL ARMADA OF FREE-ENERGY LIGHTSHIPS..
 Quoting: NewEarth 5D 74914079
NewEarth 5D
User ID: 74914079
Brazil
05/18/2017 11:42 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
Because after you buy, section 8 or fair housing kicks in next door, dark filth moves in, you lose your azz because the neighborhood is destroyed and the schools are ruined!
 Quoting: Anonymous Coward 53236727


Stay away from the ghetto.
 Quoting: BrokenTech


That stupid negro infestation law that obummer signed , fair housing act, basically lets them move into any white areas at a super low cost....the ghetto is everywhere!
 Quoting: Anonymous Coward 18834389


It is not ENOUGH ameriKKKan segregatin HISTORY!

Gotta keep being the "civilized" TERRESTRIAN RENTING WHITE TRASH that they have ALWAYS been.
Anonymous Coward
User ID: 45425668
United States
05/18/2017 11:44 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
Let’s say you want to buy a $500,000 house at a 6% mortgage.

You put $200,000 down.

The entire house would rent for about $2500, give or take. So that’s 80 months or almost eight years worth of rent you just gave to the bank in a single check.

Do you ever get that bank money back?

No, because after mortgage debt (most of which cannot be written off in taxes), property maintenance, and taxes (which go up with inflation and are almost never considered in the price of the house), closing costs, buying costs, title insurance, property upgrades, etc. the homeowner might spend close to $1,000,000 in the lifespan of the house. Or twice that.

So instead of writing that $200,000 check in one day (as opposed to spreading rent out over eight years and the landlord is in charge of all maintenance, taxes, etc so you don’t have to deal with it), you could invest in yourself.


The average house owner, owns their house for 4.5 years. Some own for much longer, some own for less. That’s just an average.

4.5 years are not “roots.”

Why do people move? Because jobs are no longer as stable as they once were.

And they are no longer in one or two cities but all over the country or world.

So the original reasons for owning a house (a guaranteed easy commute into an urban area where the jobs are) are no longer valid, as demonstrated by the increasingly short lifespan of house ownership.

This is a trend that is continuing forever.
 Quoting: Anonymous Coward 74561869


First, if your interest rate is 6% you have a whole different set of problems.

Second, who puts that much down on a mortgage. 10%
Then you pay double on the principle of your loan. One of my houses was $180,000, my principal on that is $264 the rest is interest, taxes and insurance.
So I pay double on the 264 and try to make as many extra payments as possible. I started with a 30 year mortgage 10 years ago and that house will be paid off by Nov. of this year. No we are not rich..we just have self control and have priorities.
So when it is paid off, I will still have to pay property taxes on it which is in total 3500 a year. A year...that is less than 300 a month I will have to pay on that house for as long as I keep it. I rent it out for 1200 a month.

The reason most people buy a house is to start a family. If you plan on having kids you don't want them to have to change schools every couple of years, so you root yourself in one neighborhood. A place where your kids can have friends and a stable environment.
 Quoting: JaxP


A 10% downpayment isnt squat. You're going to need at least 20% or more.
Anonymous Coward
User ID: 45425668
United States
05/18/2017 11:46 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
People think they are smart for throwing themselves into a $16 trillion dollar debt industry. You gotta laugh...
BrokenTech

User ID: 74885369
United States
05/18/2017 11:46 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
...


Oh, so you understand alien civilizations, sorry, I mean advanced civilizations?

Did you happen to visit one of their planets and take their alien civilization 101 for Humans courses?
 Quoting: BrokenTech


No.

THEY actually visited my home in my SECOND sighting!

I took pictures!

RESEARCH IT IN HERE:

www.the5draver.info

Then here:

Richard Dolan, UFO speech, Best speech ever, Citizen Hearing on Disclosure, Rich Dolan, IMU,

[link to youtu.be (secure)]
 Quoting: NewEarth 5D 74914079


Ok, so you took pictures, greatrolleyes. What does that really tell you about them in regards to how their society operates; NOTHING. Now unless you sat down with them at starbucks or invited them in for dinner and had a chat with them then you may have something.
 Quoting: BrokenTech


Listen,

You didn't RESEARCH my site as I advised you to, so all that you say in here only PROVES that you home "buyers"/RENTERS are SOOOOOOOO FUCKING INVOLVED IN THE CORRUPT CRIMINAL MATRIX that we have nothing to discuss really.

I started asking:

WHO GAVE THEM THE "RIGHT" TO RENT IT TO YOU???

WHO???


Since it is STOLEN goods!

But you don't even have the DIGNITY to RESEARCH MY WEBSITE...
 Quoting: NewEarth 5D 74914079


Then maybe you should stop wasting your time here.
Anonymous Coward
User ID: 70079334
United States
05/18/2017 11:49 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
Let’s say you want to buy a $500,000 house at a 6% mortgage.

You put $200,000 down.

The entire house would rent for about $2500, give or take. So that’s 80 months or almost eight years worth of rent you just gave to the bank in a single check.

Do you ever get that bank money back?

No, because after mortgage debt (most of which cannot be written off in taxes), property maintenance, and taxes (which go up with inflation and are almost never considered in the price of the house), closing costs, buying costs, title insurance, property upgrades, etc. the homeowner might spend close to $1,000,000 in the lifespan of the house. Or twice that.

So instead of writing that $200,000 check in one day (as opposed to spreading rent out over eight years and the landlord is in charge of all maintenance, taxes, etc so you don’t have to deal with it), you could invest in yourself.


The average house owner, owns their house for 4.5 years. Some own for much longer, some own for less. That’s just an average.

4.5 years are not “roots.”

Why do people move? Because jobs are no longer as stable as they once were.

And they are no longer in one or two cities but all over the country or world.

So the original reasons for owning a house (a guaranteed easy commute into an urban area where the jobs are) are no longer valid, as demonstrated by the increasingly short lifespan of house ownership.

This is a trend that is continuing forever.
 Quoting: Anonymous Coward 74561869


First, if your interest rate is 6% you have a whole different set of problems.

Second, who puts that much down on a mortgage. 10%
Then you pay double on the principle of your loan. One of my houses was $180,000, my principal on that is $264 the rest is interest, taxes and insurance.
So I pay double on the 264 and try to make as many extra payments as possible. I started with a 30 year mortgage 10 years ago and that house will be paid off by Nov. of this year. No we are not rich..we just have self control and have priorities.
So when it is paid off, I will still have to pay property taxes on it which is in total 3500 a year. A year...that is less than 300 a month I will have to pay on that house for as long as I keep it. I rent it out for 1200 a month.

The reason most people buy a house is to start a family. If you plan on having kids you don't want them to have to change schools every couple of years, so you root yourself in one neighborhood. A place where your kids can have friends and a stable environment.
 Quoting: JaxP


A 10% downpayment isnt squat. You're going to need at least 20% or more.
 Quoting: Anonymous Coward 45425668


not if you qualify for fha, usda, or va loans. 3.5% for fha, 0% for the others.
Anonymous Coward
User ID: 57715268
United States
05/18/2017 11:53 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
It's pretty simple, really.

A mortgage is DEBT.

A mortgage is payment servitude to the banks for 15 or 30 years.

And since the housing market has been inflated, it's nearly impossible to purchase a nice home on just one salary.

By renting, I dont have to pay property taxes.

By renting, I dont have to pay HOA fees.

By renting, I dont owe shit to the banks. Renting doesn't require you to be in debt to mortgage lenders.

Buying a house is not worth it. You will pay off double in interest what you will the principle. Over the course of a 30 year fixed mortgage you could spent $500,000 for a $200,000 house.

So I will be renting, forever, and NEVER buying property. Boomers have fucked the housing market to no end. They are putting these houses that haven't been renovated in 40 years on the market for half a million dollars.

Im not playing this game.

Fuck the whole "you want to buy a house so you can own something " bullshit. I could care less about home ownership when renting is cheaper and doesnt require me to take out a mortgage loan to be enslaved to the bank.
 Quoting: Anonymous Coward 74561869
serve fucklord.
NewEarth 5D
User ID: 74914079
Brazil
05/18/2017 11:57 PM
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Re: Why I, as a Milennial, will NEVER be buying a House
...


No.

THEY actually visited my home in my SECOND sighting!

I took pictures!

RESEARCH IT IN HERE:

www.the5draver.info

Then here:

Richard Dolan, UFO speech, Best speech ever, Citizen Hearing on Disclosure, Rich Dolan, IMU,

[link to youtu.be (secure)]
 Quoting: NewEarth 5D 74914079


Ok, so you took pictures, greatrolleyes. What does that really tell you about them in regards to how their society operates; NOTHING. Now unless you sat down with them at starbucks or invited them in for dinner and had a chat with them then you may have something.
 Quoting: BrokenTech


Listen,

You didn't RESEARCH my site as I advised you to, so all that you say in here only PROVES that you home "buyers"/RENTERS are SOOOOOOOO FUCKING INVOLVED IN THE CORRUPT CRIMINAL MATRIX that we have nothing to discuss really.

I started asking:

WHO GAVE THEM THE "RIGHT" TO RENT IT TO YOU???

WHO???


Since it is STOLEN goods!

But you don't even have the DIGNITY to RESEARCH MY WEBSITE...
 Quoting: NewEarth 5D 74914079


Then maybe you should stop wasting your time here.
 Quoting: BrokenTech


I guess so.

Since I am waiting for a looooooong ago asked question that has been UNWANSERED by the freaking TERRESTRIAN "schooling" idiotic SHILLS in here.

But the problem it ain't only shills.

It is a TERRESTRIAN mind disease.

NO WONDER THEY ARE 3rd Dimensional.

THOUGH they should drop IMMEDIATELY all the FUCKING EMPTY JESUS TALK!!!
Anonymous Coward
User ID: 74746175
Australia
05/19/2017 12:01 AM
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Re: Why I, as a Milennial, will NEVER be buying a House
It's pretty simple, really.

A mortgage is DEBT.

A mortgage is payment servitude to the banks for 15 or 30 years.

And since the housing market has been inflated, it's nearly impossible to purchase a nice home on just one salary.

By renting, I dont have to pay property taxes.

By renting, I dont have to pay HOA fees.

By renting, I dont owe shit to the banks. Renting doesn't require you to be in debt to mortgage lenders.

Buying a house is not worth it. You will pay off double in interest what you will the principle. Over the course of a 30 year fixed mortgage you could spent $500,000 for a $200,000 house.

So I will be renting, forever, and NEVER buying property. Boomers have fucked the housing market to no end. They are putting these houses that haven't been renovated in 40 years on the market for half a million dollars.

Im not playing this game.

Fuck the whole "you want to buy a house so you can own something " bullshit. I could care less about home ownership when renting is cheaper and doesnt require me to take out a mortgage loan to be enslaved to the bank.
 Quoting: Anonymous Coward 74561869


And this is why you will be a millenial forever. Idiot.
Anonymous Coward
User ID: 74590222
United States
05/19/2017 12:03 AM
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Re: Why I, as a Milennial, will NEVER be buying a House
Why I, as a Millennial, will buy multiple houses to rent out to my peers.

Good debt vs bad debt
BrokenTech

User ID: 74885369
United States
05/19/2017 12:04 AM
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Re: Why I, as a Milennial, will NEVER be buying a House
...


Ok, so you took pictures, greatrolleyes. What does that really tell you about them in regards to how their society operates; NOTHING. Now unless you sat down with them at starbucks or invited them in for dinner and had a chat with them then you may have something.
 Quoting: BrokenTech


Listen,

You didn't RESEARCH my site as I advised you to, so all that you say in here only PROVES that you home "buyers"/RENTERS are SOOOOOOOO FUCKING INVOLVED IN THE CORRUPT CRIMINAL MATRIX that we have nothing to discuss really.

I started asking:

WHO GAVE THEM THE "RIGHT" TO RENT IT TO YOU???

WHO???


Since it is STOLEN goods!

But you don't even have the DIGNITY to RESEARCH MY WEBSITE...
 Quoting: NewEarth 5D 74914079


Then maybe you should stop wasting your time here.
 Quoting: BrokenTech


I guess so.

Since I am waiting for a looooooong ago asked question that has been UNWANSERED by the freaking TERRESTRIAN "schooling" idiotic SHILLS in here.

But the problem it ain't only shills.

It is a TERRESTRIAN mind disease.

NO WONDER THEY ARE 3rd Dimensional.

THOUGH they should drop IMMEDIATELY all the FUCKING EMPTY JESUS TALK!!!
 Quoting: NewEarth 5D 74914079


Hey you got it all figured out, thats all that matters isn't it. As long as you are content in getting by then good for you.


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