Can any autistic people tell me if buying a house is retarded

hey trailer bro
glad to hear you're still comfy

Just put it in something that returns 10.5% a year.

user if you decide to sell your home, you will pay that money back and get what ever you put in already minimum back unless you are a retard, and get extra if the value increased. You then buy a new home with all the money you already payed in rent. When you rent a home you don't get your money back and all you get back is shitty security deposit.

1200 /month rent? Nowheresville.

>if you decide to sell your home, you will pay that money back and get what ever you put in already minimum back
lol, no
have you ever looked at an amortization chart?

Good job! Nice place!

you can get a roommate, it's pretty nigger tier but i pay 800 for beach side condo because i have another person paying rent.

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no people should own houses if you can afford but the price of real estate is wack right now and will drop significantly when the economy crashes the thing is they will probably try to crash the dollar before real estate because they are evil fucks. so yes buy a house if you can just dont go into dept

>do remote work like programming
>live in car
>pay for gym membership to shower
>pee in bottles
>dump in everyone else's bathroom
>have full coverage insurance b/c fuck it you have nothing else.
>save everything
you might be on to something.

You do the math based on where you live.

Where I live, a detached home is a million dollars, even for a small rancher, because of property values. Therefore unless you expect the house to appreciate quickly, it's not worth it, as a 25-year mortgage would be almost five grand a month, and end up costing 400,000 in interest over that 25 year period. Renting a detached home can be half that, and renting a basement sweet less than a quarter, so it doesn't make any sense.

On the other hand, in Nova Scotia, a fixer-upper can be had within driving distance of a sizeable town for 40 grand. A mortgage payment on that, would be 338 dollars a month on a ten-year fixed term, and the total interest payment would be 9 grand over the ten years.
Rent in the same community as the fixer upper would be 900 for a similarly sized house. Savings, after factoring in property taxes(which are very high actually, at 1.29%) the yearly cost of carrying the house would be about 4575 dollars, ironically less than 1 months mortgage for a home in Vancouver, Canada.

If you can find a job in an area where housing is still cheap, it may be worthwhile.

>I bought 1.5 acres of land and a comfy two bedroom trailer for $60,000.
absolutely basado.
I also live the trailer life. good for you trailer user

The short answer is probably, but it also depends and you shouldn't assume.

Most people will just say "high rates/prices wait for crash" but this is not true for every case. You can easily figure out whether it's a good idea for YOU with basic math.
If you're not investing and this is your first single-family residence, there are a few instances it's not retarded even considering the higher prices and mortgage rates. They're usually the following:
- your current rent is considerably higher than your mortgage payment would be
- you're not seeking homes in moderate or high demand areas
- your budget/mortgage is on the lower end (under 250k)

The most important thing is that you ensure 100% that you are allowed to payoff your mortgage early with no penalty. Really grill whoever gives you rates to make sure that overpaying your payments comes with absolutely no penalties.
Then, do the math on how quickly you'd pay your mortgage off with the maximum you could pay each month while still living comfortably - this is typically a few hundred more than your payment.
Then, do the math on how much you'd end up paying total if you were to do this - maybe add an extra year if you want to be conservative in your estimates.
Even with current rates, someone with a 5% 30year fixed mortgage could use this strategy to pay significantly less all-in-all than someone with a 3% who just pays it normally. It's the amount of time you're paying that they get you, and you'd be surprised how much faster you could pay it off this way IF your situation meets the above scenario.
IF it does, it makes absolutely no sense to wait. Even in a case where you couldn't pay it off super early, you will have the chance to refinance your mortgage in the future for lower rates/payment/etc. Waiting would result in paying more by renting or making unnecessary life sacrifices to avoid rent fearing completely avoidable costs from higher %s/prices.
Also just be sure to avoid PMI if you can.

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Hahaha, oh man. You fucking wish bud. Prices in Nova Scotia are fucked now, ever Ontario faggot moved here during the pandemic. You fucks from the west literally killed the only good thing about this province.

That's cute. Median house price in Sydney is $1,100,000 Australian pesos. That's about $780k USD. Might as well splurge on something you're not allowed to leave.

Yes, houses are overpriced even at $374,000, you'll have to slave away the rest of your life just to have a plywood roof over your head. Corporations and greedy boomers treating housing like investments caused them to be so ridiculously unaffordable and to most now unattainable. We need to institute price caps on housing, homes are a necessity not your fucking investments.

if you're already renting, your money is going out the window... why not buy?

>$780,000
>$374,000
at some point it's got to be cheaper just to buy land and build a house by yourself

You should be allowed to just build whatever shitshack you want without regulation and insurance and let people actually live within their means.

>You should be allowed to just build whatever shitshack you want without regulation and insurance and let people actually live within their means.
but that's antisemetic user.