I’m a rent cuck and I absolutely hate it. I have a baby so I need a house with a yard and white neighbors asap. The way I understand it is in times of high Inflation, it is desireable to lock in large amounts of debt because the value of currency will fall, meaning the mortgage will be a “better value” in the long run.
Is this correct?
In the next year or so I have the option to take out a $400k loan to either buy or build a house. Which would be the better option in these trying times times?
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Pls respond
>he doesn't know
im not an expert but what youre saying makes sense i think. Locking in debt is kinda like shorting the currency!
Tell me
no, the bank will just change your interest rate, it doesn't matter what you agreed to in the contract, they will find some kike shit to change it, the house always wins
what the fuck is a financially illiterate boomer retard like you doing on this board
We haven't had a happening as major as Vietnam yet, much less WW2 or the Depression. People be melodramatic.
We need more information. Do you know how to build a house or are you just going to make a deathtrap? Do you have the ability to pay off a $400k loan or are you working for minimum wage. Nobody has a fucking clue what your situation is so nobody can help you.
The currency might inflate, or the fed might pull some bullshit somehow. In that case, you need to be able to make sure you can still pay off the original loan, inflation here would be a bonus, but it isn't guaranteed. Buying homes or plots without the money to afford them thinking you're going to make more later is low IQ and is what got us into 2008.
Do you have the money/knowledge/patience to build a house?...
Taking out a mortgage is pretty normal OP. It's not the ideal financial decision, but you have a family. The stress of building a house while taking care of a baby will stress your marriage
dont listen to these people
buy a house that is safely within your reach (200k-300k)
dont max out
I know absolutely nothing about building a house, but I figured I could get a builder to do it. I’m sensing that was naïve and I’m better off just buying
get a builder
one example: lhlc.com
one-stop shop
don't build (or buy) a house that's bigger than you need--just design a simple and cute little rectangle
>and white neighbors asap.
Why?
Unkess youre building it yourself youre paying a premium for a new house like you woukd a new car. Go ahead and get that shit out of your head right now. You want to buy something 10-15 years old in a white neighborhood. Depending on where you are, get a pool, its worth it for young kids. Other than that make sure its a place you woumd be comfortable being for 10 years. The house can be fixed and changed. The neighborhood and surrounding amenities cannot. Unfortunately youre going to pay a lot for a little. I bought in Dec 2016 for $280k. I could sell my house today for $500k as is. More if i did some cosmetic shit. Maybe try to find something that needs a little work
Retard. An adjustable rate mortgage is made for fools like you. The rest of us buy fixed rate mortgages and the rate cannot go up without your permission
> The way I understand it is in times of high Inflation, it is desireable to lock in large amounts of debt because the value of currency will fall, meaning the mortgage will be a “better value” in the long run.
no you retard stop listening to clueless niggers on Any Forums half of them are literally indians. these loans have clauses which deal with things like this.
Nigger
Broes, your participation requested: Post insights
That wouldnt buy a trailer in the ghetto where i live...FL
Im a GC. Never build a house unless you know what you're doing and do it yourself. We make a lot of money on simps like you
read the fine print. the jew banks have clauses to deal with financial emergencies. imagine thinking that the kikes are going to just lend you money and let the balance inflate to nothing kek