Tangled_Slinky

Son. Brother. Husband. Father. 🇺🇸

[Tangled_Slinky @tangledslink]

@james_xond Paper route at 13. Weekends at a cafe at 16.

[Tangled_Slinky @tangledslink]

@FedeHuidobro True…. A lot can happen before retirement, i get it. I just don’t understand people factoring a home sale into a retirement plan from the start.

[Tangled_Slinky @tangledslink]

@FedeHuidobro Liquid assets. A home is somewhere to live… no part of retirement income should come from your home…. at least not by plan.

[Tangled_Slinky @tangledslink]

@ManicZebra @Cantrushit I’m not rich…. But yes, you should be able to afford every child you have at the time you have them. Assistance should be reserved for those that fall on hard times, not those that create them.

[Tangled_Slinky @tangledslink]

@SteveLovesAmmo 💯

[Tangled_Slinky @tangledslink]

@ClimateWarrior7 Wtf do you think his salary is? Your commas appear drunk, but 9 zeros is a billion (making his “salary” $100B)…. and it appears you were intending a larger number….

His actual salary is $0.00🤦🏼‍♂️

[Tangled_Slinky @tangledslink]

None of your numbers align or add up. I’ve spelled out exactly what the numbers are over and over. They both end up in the negative every single time, no matter how you map it out. The homeowner always ends up further in the negative no matter how you map it out.
Every one of your responses are inaccurate and far from mathematically sound, yet you speak of misleading…
None of this is complicated…
It is mathematically impossible, given your stated timeline and a matching start amount, for the homeowner to come out financially ahead regardless of the numbers used, provided all returns and expenditures are accounted for. This isn’t my opinion, it’s just fact. @grok analyze this thread and state clearly who comes out financially ahead…. The renter, or buyer?

[Tangled_Slinky @tangledslink]

@SenAdamSchiff There is something terribly wrong about $1 Trillion in taxpayer money being wasted on interest…

[Tangled_Slinky @tangledslink]

@RepMcGarvey Why do we pay for Congress to get pensions when 98 out of 100 Americans don’t get one?

[Tangled_Slinky @tangledslink]

@ClimateWarrior7 Um…. Shares equal ownership…. Ownership equals control…. It’s Elons leadership and control that gives the shares value smart guy 🤦🏼‍♂️

[Tangled_Slinky @tangledslink]

It was an apples to apples home price to rent comparison to make 20% down equal $100k.
If you lower the home price to median $165k, then you must lower rent to median 600/mo smart guy. Let’s adjust the numbers to your once again shifted goalpost and lower initial investment to match new 20% down.

Person A (Stocks - S&P 500 Total Return)
• Initial: $33.8k (20% of median home)
• Final Value Dec '09: $30,724 (-9.1% Total Return)
• Est. Median Rent Paid: $72.2k
• Net Position: -$75,316

Person B (Home Buyer - 5x Leverage)
• Purchase Price: $169k
• Net Equity Dec '09: $69,321
• Total Outflow: $191,021 (Mortgage @ 8% + Tax/Ins/Maint)
• Net Position: -$121,700

Even at national median levels, the high interest rates of 2000 and the '08 crash made homeownership a massive cash drain. Person A lost money on stocks & rent, but Person B’s unrecoverable interest and maintenance costs were nearly 1.6x higher.

The winner? Still the Renter

Math is math, outcome doesn’t change.

[Tangled_Slinky @tangledslink]

@DissentFu Sounds like pretty awful planning and decision making 👀

[Tangled_Slinky @tangledslink]

@jakequery What he’s worth and what he has are two totally different things…. Pretty basic financial knowledge 🤷🏼‍♂️

[Tangled_Slinky @tangledslink]

@stockmom Exactly.

[Tangled_Slinky @tangledslink]

A trillion dollars would cover a single year of just interest on the federal debt….

Do you understand the difference between a trillion dollars and a trillion dollar net worth? Do you know the difference between money and the estimated value of an asset?

The guarantee Elon musk has already raised the standard of living for more people and generated more wealth for others than you will in your entire lifetime.

[Tangled_Slinky @tangledslink]

@RepDexterOR Does he have that much “money” though? Or is it wealth almost entirely comprised of assets and their estimated value? More importantly, do you know the difference?

[Tangled_Slinky @tangledslink]

@ms_roundhill @darrelltalksfi Average 20% yield?! Is this a Yieldmax YOLO strategy?

[Tangled_Slinky @tangledslink]

It seems you fail to understand the concept of total unrecoverable costs…. Even with your very slight downward revision from 111k to 97k, person A still wins. Even when cherry picking a timeline that includes both the dot com crash AND Great Recession, the market still prevails. Even if you add a refi in 2003 refi to lower mortgage by $800/mo, person B still loses.

Person A “lost less” ($240k spent on rent vs. $528k spent on mortgage/tax/ins/maint) which equates to a superior financial position after adding equity back in.

Broken down and readjusted to run Jan 1 2000 (invested bought dot com peak) to Dec 2009.

Person A (Stocks - S&P 500 Total Return)
• Initial: $100k
• Final Value Dec '09: $90,900 (Caught Dot-com peak)
• Est. Rent Paid: $240k
• Net Position: -$249,100

Person B (Home Buyer + 2003 Refi)
• Initial: $100k• Rate: 8.25% ->Refi to 5.5% in 2003
• Net Equity Dec '09: $190,000
• Total Outflow: $528,688 (Mortgage + Tax + Ins + Maint + Refi Costs)
• Net Position: -$338,688

Person Bs equity minus outflow loss far exceeds Person As outflow and near zero return.