>finance/lease a car/house/phone/whatever >think you actually

>>17852721
Op confirmed teenager who can't understand the concept of credit or saving money

>>17852744
Enjoy getting cucked by the bank

compound interest

keepin the poor poor and the rich rich

What's wrong with financing a house? Can rent it out, can sell it whenever you want, gains equity every payment.

>>17852837
Oh no, you don't own the house !! stop giving money to big nose person waaa.
Mean while I made double the money back on house we are financing.

>>17852858
>>17852837
There's nothing wrong with financing a house as long as you put 20% down and finance it for 15 years. And don't buy a cookie cutter piece of shit built by a massive shitty company.

>>17852873
even if you poorfag it at 30 years its the same price as rent ez

>>17852721
I understand leasing a house, but leasing a car or phone seems to be a losing deal to me.

House has the possibility of gaining value. Meanwhile, you make payments instead of rent. If something terrible happens homeowners insurance is generally pretty airtight.

Meanwhile, cars will only depreciate in value, and car insurance will try to fuck you. Why not just get a $3000 10 year old car of pretty much the same model?

>>17852873
this is correct. OP is just a dumbass and also the mortgage tax credit is too fucking good. Reduced cost of ownership of a house by about 70% if you make good money.

>>17852721
being technically correct is the worst kind of correct

that being said, it's purely colloquial when people say their house/car is "theirs"

>help police someone broke into my house
>well why does it matter to you it's not YOUR house, it's the banks!
>oh shit you're right nvm lol

It's not ignorance, usually. With phones it is. Who the fuck finances a goddamn phone?

>>17852894
>Leasing a house
You mean financing? Leasing a house is just straight up rent

>>17852906
>it's purely colloquial when people say their house/car is "theirs"
no, when you purchase something with a loan it's still YOURS
it only becomes the banks when you break that contract

>>17852906
literally almost everyone in america?
hey pham you can have that new iphone for 20 bucks a month for 2 years. oh but if you want to upgrade you gotta pay off the remainder.

>>17852906
iPhone users

>>17852892
This, I'm getting fucked on rent and looking very hard at getting some sort of house so I'm not just pissing money into the wind.

>>17852932
Also this.

>>17852894
A $3000 car is a pretty shitty car. Have you driven a newer car from say, 2015? They're pretty nice.

>>17852900
>credit

We don`t have these Burger bribery scams here to make people consume more.

>>17852935
I just use Straighttalk. Paid $100 for my phone two years ago, paid $46 for literally the same service as any big carrier plan

>>17852946
it's just transportation. a 3k civic is just as good as a new civic. you don't need carplay/android auto

>>17852932
that's a good point

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>>17852965
let me tell you how i know you are full of shit

ive driven plenty of 3k civics and other cars, and yea they are cars and they do what they are supposed to. but they are nowhere near as safe (which i personally dont give two shits about) even if they are lighter they dont handle as well as a car with modern tec, the modern car is far more comfortable and roomy even in the same class of vehicle, new car is more efficient and has more power, etc etc


hell even the 07 civic ive got feels like shit interior and ride wise even compared to a fucking modern sonic

>>17852960
>Justifies having a shit phone, slow POS
>Will die while attempting to change from GPS to Spotify because of laggy OS
>Believes this is superior to essentially renting a device that will be obsolete within 2 years

If you complain about $20/month then you're more of a poorfag

>>17852978
Confirmed for correct

>>17852837
But LOTS of ppl from Gen Y and Z move around lots during their 20s, so it doesn't make sense to buy a house if you're only gonna live there a few yrs

And there's literally no upside to financing a new car, just save up money and buy used

Then it's just your cell, which you can get the last yrs model for $0 since they want to shill the brand new one that came out

And all that money you saved from not buying a house when you're moving around alot, and the money you save for only upgrading your phone every 3 yrs, and the money you saved buying a used car can be used towards investments and dividend stocks

>>17852965
t. has never been in a new car

>>17852721
You own it while you're making payments. If you make adequate payments you can gain ownership of it in a capital lease

>>17853055
>And all that money you saved from not buying a house
So where do you live in your 20s?

>>17852744
Good luck with that since everyone playing the credit game got fucked by equifax.

>>17853107
>living in America

>>17853146
Happened in UK and Canada too btw

>>17853151
Only for retards who signed up for Equifax

>>17853010
He doesn't still use a note 5.

Lmao at ur life bro

>>17853167
>Samshit

>>17853151
The UK and Canada might as well be american colonies desu

>>17853170
Hating best phone.

Nah bruh

>>17852721
>buy a house cash
>think you actually own it

Nigga that shit is a lease from the government, try not paying your taxes on it and see who really owns your land

>>17852721
jokes on you, i bought my galaxy s7 in cash

>>17853214
this guy gets it

>>17853214
Some rich fucks in BC made their own private community outside of a city's jurisdiction to avoid paying taxes. Then a house caught on fire and there was no fire department to put it out

>>17853067
Like most 20 yr olds, either in a studio apartment, or living with roommates sharing a house.
Most 20 yr olds don't have the capital to buy a house, let alone a nice one, and the property taxes and mortgage payments will fuck you hard esp in your 20s

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the definition of ownership has definitely changed.

Even if you own something paid off, the government can seize it if you do something wrong (drugs, STREETRACING, etc). They can even take your gaddam kids.

I dont see this as much different than the bank taking your shit for non payment.

True ownership is dead. Long live our jew overlords

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>>17854549
drugs are for degenerates.

street racing is for degenerates that either try to impress strangers and have a fragile ego but also don't have anywhere to empty out some hooning.

that being said. Fuck the government. fuck you fuck banks. fuck da joos. and fuck street racers and drug dealers

all of you can suck my dick from the back

>>17853445
Short sighted on their part, fire service is incredibly cheap compared to forced indoctrination aka public schools. Or maybe there was imply no market for private fire service because of government monopoly on fire service, just a guess.

>>17854572
What car is that?

>>17855139
Evolution

Saving $200,000 to pay cash for a house isn't easy at all. However, you still need $40,000 for 20% down. If you can't come up with $40,000, you can't afford that house. Look for something less expensive that you can save the 20% for.

Saving $10,000 for a car isn't hard, you just have to be diligent.

If you can't save $300 for a telephone, you are a fucking moron, and I hope to hell you never breed.

>>17852873
>There are this many financially illiterate people on /o/

The 30 year mortgage with 20% down and prime rate is BY FAR the best financial strategy for home ownership. It is better than paying cash. The equities market has ALWAYS beat the current prime rates over 30 years. Keep your money in the market and pay the mortgage. You end up richer

The 15 year horizon is not long enough. There are lots of examples where the market doesn't not beat a ~4% rate over a 15 year horizon.

Jesus Christ you kids don't know basic math.

>>17855187
How are you getting away with posting porn on /o/?

>>17853157
You dont have a choice lol. Even people who have never even had a credit card are compromised

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>>17855219
Mods dont exist here

>>17855187
Damn, 200k is down payment money here.

Its actually not that hard if you get a decent paying job and be a Jew (live with parents)

>>17852721
I know that the bank owns my stuff for the next 4 years
but since I'm not retarded I'm paying it all and then it's mine
and during those 4 years I'm using it as if it was mine

and while I already have my shit and can use it you get cucked by your autism and wait until you have saved up enough money

>>17852721
Financing something is working towards owning it you dumb fuck.

Not everyone can shell out several thousand dollars on the fly, but you can be smart about it and have it paid off as quickly as possible.

>>17852906
Black people

>>17853214
T H I S

>>17852744
>concept of saving money
>proceeds to take out finance on a car

>be me, seeing all my peers with cool shit
>they tell me it's on credit
>quickly, very quickly, all my envy goes away

What a bunch of fucking idiots. Whenever I read articles on Zerohedge about how 1/3 of Americans are living off of credit and can't afford it, I never believe that shit. It's so hard for me to.

>>17852744
Ursury is a sin

>>17855197

Also fucking this. I was way too lazy to type all that out, but this poster is 100% correct.

>>17857517
>Keeping large sums of money lying around instead of putting it to use

>>17857575
>putting to use
>giving tor shekelberg

>>17857580
You already gave it to Goldstein by keeping it in a bank account

>>17852721

Because I made a 10-year mortgage, I already own about 40% of the value of my apartment

It would be different if I had went for the maximum amount of debt and had to pay for 30 years, instead I chose a cheap apartment in a small town because it gives me financial mobility and my own place at the same time, while paying less in mortgage payments than if I had rented an apartment of a similar size within 30 miles.

>>17857597
>he doesn't keep gold in his house

If you cant pay for it on the spot, you cant really afford it.

>>17857537

A lot of people play the "keeping up with the Joneses" and just throw every on a credit card with 20% APR just to make it look like they are far better off than they really are. The same people who think just because they were approved for a $400,000 house loan that means that they can afford it.

>>17855128
>fire services
>cheap
>public schools
>forced indoctrination
Must be American

>>17854419
>muh apartment
>muh roommates
>muh adult lyfe

Just live with your parents and save up all your money until you can afford a down payment for a house. This is how minorities are getting ahead, living with their parents is a part of their culture

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>>17853205
>Explodes
>Shit bloatware OS
>Best phone

>>17857789
Do you buy houses in cash?

>>17852721
>tops up his bus pass
>thinks anime is real

How can anyone be so ignorant.

>>17852935
I remember the days when you could get a phone plan with a massive discount on upgrades every two years and get flagship phones for like thirty fucking dollars. I got four blackberries that way. Come 2011 and that shit is suddenly $100 to upgrade to a new flagship that is the same cost as the one you got for $30. Another two years, it's $200.

Now you get NO discount and make payments. It's gay as fuck.

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>>17857952
note 5 doesnt explode fuccboi

>>17853157
>mfw this is probably OP
What a fucking underage faggot

>>17858147
You live in a trailer, please refrain from ever trying to insult anyone.

>>17858123
>It's gay as fuck.
Whats gay as fuck is how people are letting more and more companies shit on them with shitty deals

does everyone have that uncle that financed a brand new merc SUV?
because fuck me im getting tired of hearing about it at every family gathering
and the cuck dares to talk shit about my loved toyota shitbox

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>>17858180
like i give a fucc nigga

i bet you live in a van like the little cuck u are

>>17858225
The Virgin Trailer Dweller vs The Chad Van by the River Liver

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>>17857943
>fire services
>cheap

There are voluntary firefighters that basically do it with their own funds.

>public schools
>forced indoctrination
>exclusively American

top kek. Its not confined to just schools, taxpayer money funds all kinds of bullshit.

>>17858233
>River Liver
Fuckin kek

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>he doesnt finance his cars @ 0% interest

>>17852721
Don't you see? The modern American dream is to borrow as much as you can afford to live a lifestyle you don't deserve until you die. Get used to it.
That being said I'm 22 with a 740 score, renting a 2 bedroom, driving a paid off Miata and using an S6 with Verizon prepaid. About as cheap as you can live.

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>>17858651

This is a commie-free zone

>>17858650
Because people will surely be volunteer fire fighters for rich people who moved to the middle of nowhere to specifically avoid taxes

>taxpayer money funds all kinds of bullshit
Yeah, like a whole fuck load of stuff you use. You know like the bus

>>17858737
>Because people will surely be volunteer fire fighters for rich people who moved to the middle of nowhere to specifically avoid taxes

They could start one themselves.

>Yeah, like a whole fuck load of stuff you use.
>You know like the bus

Sikk burn, but most public transportation still has a fee. Public services are still pretty fucking insignificant compared to other dumb shit the taxes fund. Governments are bloated and inefficient anyway, it would be way cheaper if most of it was just localized.

>>17858780
>They could start one themselves.
>rich people
>volunteering for something labor intensive

>Governments are bloated and inefficient anyway, it would be way cheaper if most of it was just localized.
You'd be living a significantly more shitty life if that were the case
>more expensive fuel
>shit roads
>non-existent freeways
>significantly more expensive health care (yes even in the US)
When Rome and there was no large government Europe entered the dark ages.
You specialized in something? Well too bad, have fun farming just to survive to 40

>>17858807
>more expensive fuel
>shit roads
>non-existent freeways
>significantly more expensive health care (yes even in the US)

Most of these are not even necessary. The dark ages are mostly a meme anyway, Rome became a bloated shithole with time anyway and needed to implode on itself.

>You specialized in something? Well too bad, have fun farming just to survive to 40

Specialization came out of necessity, just like everything else.

>take out loan from PLC
>give 20000$ cheque to dealership to pay for car in full
>car not yours

In what universe my dude?

>>17858856
Yeah man we don't need any of that, we can get by just groveling in filth
https://www.youtube.com/watch?v=t2c-X8HiBng

>>17857809
>just because they were approved for a $400,000 house loan that means that they can afford it
Christ, that about happened to me

>House hunting because grad school
>Finally find a nice house at 160k
>Mortgage estimates peg it at lower than rent
>By the time we're getting the mortgage ready, it's going to be ~$500/mo MORE
>Seller was a crazy bitch and refused to repair roof damage, sale fell through because we couldn't even get the house insured
Kinda disappointing because the house was nice, but fuck if it didn't feel like a weight came off my shoulders

still don't get why people think home ownership beats out renting an apartment

if all you need is one bed one bath renting and investing your savings beats having to make payments on a 2500sqft house every time...

>>17859425
Because houses appreciate you dum-dum

>>17859440
if your apartment is cheaper and you invest the difference those savings exceed the gains made by your house value

>>17860079
A house is an investment, and depending on where you live a total no brainer. Secure a place to live and build equity before "investing"

>>17860098
your primary residence isn't a good investment unless you live in the hottest markets on the planet or become a live in landlord

it's the reason why people ITT say you shouldn't pay cash for a house and instead leverage a mortgage to keep your savings in stocks over the life of the 30 year mortgage

>>17860127
Good thing I live in Toronto
>house goes from $700k to $2 million in 5 years

>>17852946
>>17852978
Why are you even on this board? Driving a FWD literal GM Shitbox is not driving, I'd rather drive a fucking Dodge Neon with no go damn dashboard.
>"B-but you don't know what you're talking about! Cars from 2015+ are-"
I drove that same piece of flying shit you're in, the Chevy Sonic, my ex-girlfriend bought one like the moron you and her are. It's an unfun, CVT using, hard ugly plastic chinese interior S H I T B O X, and no amount of you convincing yourself, or trying to convince others, that your purchase was justified is ever going to change that.
>>17853012
>samefagging to justify yourself even more
Lol just put the gun in your mouth anon, it's obvious you make shitty life decisions.