Nobody talks about this, but Christians didn't defeat Rome through politics - they built parallel institutions until the empire couldn't function without them. Here's how we rebuild Christendom by Election Year 2036. π§΅
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
@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.
@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.
@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.
@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.
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.
@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.
@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.