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Jason Yoakam 🇻🇦
635 posts

Jason Yoakam 🇻🇦
@JasonYoakam
Let the bones which you have broken rejoice! — TradCath | Christian Mysticism | Joyously Married
Katılım Kasım 2011
246 Takip Edilen976 Takipçiler

Ill give a couple examples:
1 - houses have returned an average of 7% for the last 10 years, rents have increased 4.3% - this calculator assumes 3% for both. (These adjustments alone make it better to buy a house even at current interest rates)
2 - I do not trust the property tax number. I have never seen house price evaluations grow with the house. I am currently buying a house- most of them have a tax assessed value of about 1/3 the price I would purchase. (Maybe if you live in a Democrat State thats different)
3 - The calculator inexplicably assumes that a rental unit will be covering $100/month of your utilities???
4 - The investment rate of return is contingent upon an unrealistic scenario where a person is 100% disciplined and invests the difference
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@JasonYoakam @LinkofSunshine @wongmjane would be curious to show your work because that's absolutely not my impression of either their default values or the results I get when I play around
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The idea that renting can be more economical than buying breaks many people’s brains for some reason
Jon Matzner@MatznerJon
"Because they can do math"
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@ryxcommar @LinkofSunshine @wongmjane The more I play with this calculator the more messed up I realize it is.
They have so many unrealistic assumptions in the advanced section. When you correct those there is virtually no time window where it is better to rent.
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@JasonYoakam @LinkofSunshine @wongmjane It's a demonstration of the fact that it's possible. You're totally missing the point.
If you want actual numbers then plug them into a calculator. nytimes.com/interactive/20…
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@albedoa @ryxcommar @LinkofSunshine @wongmjane The default numbers in the calculator are very biased, too.
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@ryxcommar @JasonYoakam @LinkofSunshine @wongmjane true, if you plug in completely different numbers you get a completely different result
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@ryxcommar @LinkofSunshine @wongmjane I agree there is a mathematical point.
The point I am making is that its more complex than people often think when they just crunch the numbers.
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@Najenin @Christo20327729 @romanhelmetguy People just dont like their own parents and they generalize it in a weird freudian way into a political movement.
Half of politics right now is fatherless kids with daddy issues having a very dysfunctional way of relating to authorities and those older than them.
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@JasonYoakam @Christo20327729 @romanhelmetguy TBF, the older generations did everything in their power to make themselves deserving of hate. Greed and selfishness will do that
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Boomers are the wealthiest generation in history. They live in homes they bought for three nickels. They extract $40k from the youth every year in welfare, and they already saddled our generation with $37T in debt. Now they want to get rid of the only tax they have left.
unusual_whales@unusual_whales
Florida Governer Ron DeSantis said he is determined to let Florida voters decide whether to reduce or eliminate property taxes, per Newsweek
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@Jabbaslist @LinkofSunshine @wongmjane Yes and bitcoin is way better.
When making market estimates we tend to stick with the S&P500 rather than picking out high performers retroactively and assuming we will be able to select for them in the future.
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@JasonYoakam @LinkofSunshine @wongmjane QQQ has a 1-year return of about 20%-25% and a 10-year annualized return of roughly 19.4%
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1. Using 1.2 as your multiplier is wild.
2. Rent goes up $1 each year, by the 5th year is it $15/year for rent.
3. In the 6th year Rent would be $16 and the home owner is paying $0. Math that out for 30 more years to understand ownership.
4. Houses appreciate in value also. The house would be worth roughly $50x1.07^5
5. Each year you are only putting $15-[rent] in the market. You should not be compounding $25 5 times.
6. Based on human nature most people wouldnt even invest $15-[Rent]. They would spend the excess on Starbucks and other disposable commodities.
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Opportunity cost! Simplified Hypothetical:
Let’s say you have 75 dollars
Rent is 10/year
Buying (mortgage) is 15/year for a 5 year mortgage
Interest rates are 20% per year
After 5 years:
- your house is worth is worth $50 if you buy
- if you rent, you put $25 in the market, with interest that’s now worth it 25*1.2^5= $62
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@LinkofSunshine It would be extremely hard for renting to be more economical over the course of a life time.
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@Christo20327729 @romanhelmetguy Its all subversion. The first step to any color revolution is to get the young generations to hate the older generations.
If they can do that, they will be able to destroy everything that was built.
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If you're talking about actual boomers I don't understand complaining about it all the time. Gen xers and millennials are set to inherit a ton of houses and money. Boomers are very sick and the average Boomer is now in their '70s, they're also the most obese generation so far to get this old.
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@KT_CHI_MDE_BCN @Christo20327729 @romanhelmetguy Im pleasantly surprised to find tons of people I like and agree with in this thread.
You are so right
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@Christo20327729 @romanhelmetguy richest generation before them, was the generation before them, et cetera.. younger people are just impatient and entitled- looking for upper middle class life instantly and feel any “struggling” is unfair .. they have a warped opinion about how the world was previously
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@romanhelmetguy Beware or anyone who sews these generational warfare messages.
Honor your Father and Mother.
When you undercut your elders you destroy the foundation that you are built on top of.
If you dont trust God on this one, then perhaps you will trust Confucius.

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@RejoiceCC Those books are so good. Just read them recently and now Im seeing them everywhere.
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@gonefishin1948 Jesus is fully God and fully man. There can be no separation.
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@Waldorftoobints @JL_Bergeron @nsa_ed @BoringBiz_ Then $200k would be cheaper than what you currently pay.
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