New here?
Create an account to submit posts, participate in discussions and chat with people.
Sign up
57
Boomer Math (media.scored.co)
posted 1 year ago by OftenWrong on scored.co (+0 / -0 / +57Score on mirror )
You are viewing a single comment's thread. View all
WeedleTLiar on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror ) 2 children
It is very rare that it's not worth it economically to buy a house.

Look at people in the military; they buy houses as soon as they can, even though they move every five years. They sell what they have, at a hefty profit, and buy another close to their new posting. Their moving expenses get comped, but that's it.

Even specialists whose next job is across the country, or around the world, is better off buying a condo than renting because his "rent" goes to equity, not someone else.

There's no wiggle room; it's better to own land today, it's just a matter of affording it.
HimmlerWasRight88 on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror )
> better off buying a condo than renting because his "rent" goes to equity, not someone else.

Have you factored in even the cost of house repairs? And depreciation as the house gets older? And of course the house price may decrease in that particular area. Then buying and selling a house is a big hassle, and the act of buying/selling itself is costly - not to mention all the stress.

If you are into investing in real estate that may be for you, and some people do make a lot of money. But for a poor bastard who just wants to live in peace and doesn't have a fixed location than renting does make sense. Rent is not money wasted; you pay for a service.

OftenWrong on scored.co
1 year ago 0 points (+0 / -0 ) 1 child
speculation economics. It is rare *now* with the tulip economy of the boomer trap but you just have to peer back before boomer economics to see how that works out. The economy of infinite supply of consumers infinitely driving up prices is a false economy brought by usury allowing more people to buy than can afford the product and eventually all false economies collapse. This isn't the first time and despite what judeo science and judeo history pretends history adn the records go back more than 100-150 years. we have centuries to millenia of market data to look at to know that the liability of real estate is extremely high. putting all your eggs in speculation baskets is goofy.

Bitcoin, gold, knowledge/skills, and people are the best thing to invest in right now because they are not speculation. all are limited in supply and the market people have access too will not become suddenly flooded ever for any of them. (well technically technology could a gold astroid could be brought back making gold worth less than plastic or we could find a way to download knowledge into your brain or some other deus et machina but those are all long future problems).

Gold has doubled every 5 years and bitcoin every 4( but appears to be slowing so idk which is best. diversifying your portfolio is always a good practice). Ammo is also good and practically valuable but it is a little less stable since you could see regulatory attacks or have a huge flood of it into the economy with geopoliltics so it is starting to enter speculation territory
HimmlerWasRight88 on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror ) 1 child
Bitcoin and gold have no intrinsic value. Their value is only determined by how much people are willing to pay for it, and they are buying it only because they hope they'll be able to sell it later at a higher price to a person who thinks they'll be able to sell it for more etc. Bitcoin and gold are ponzi schemes.

The stock market is better, because you invest in something that actually exists and that produces something in the real world. Although the P/E ratio today is so high to make the connection to the real company almost meaningless, the stock market has proven over the last 100 years to be a relatively safe investment and reasonably remunerative.

OftenWrong on scored.co
1 year ago 0 points (+0 / -0 ) 1 child
Thier value is based on how much there is. limited supply will always drive up value becaus any large enough economy will have people who want things. Gold is good because it already has a hoarder community that has limited supply extra but there are lots of metals that have a limited supply too with other benefits that have lead to a similar rush like platinum just out of their utility ( gold would have this too without the current use but isn't used as much due to the price). the stock market is rigged and jewish and doesn't exist and you reccomending the tool of the protocols of zion makes me think you are just a bad agent. speculating like that is short term and gambling on success. the stock markets are over 100 years old. The jewish "recent history" ism of things like that and housing markets pretending all other history is just cherry picking. the way they show global warming by ignoring older data than 150 years ago
HimmlerWasRight88 on scored.co
1 year ago 0 points (+0 / -0 ) 1 child
> Thier value is based on how much there is.

That's not true.

> you reccomending the tool of the protocols of zion makes me think you are just a bad agent

I've read the Protocols and there's nothing about the stock market, and especially nothing about making the goyim invest in the stock market.
OftenWrong on scored.co
1 year ago 0 points (+0 / -0 )
speculation.
Toast message