People who buy house in vomerica are stupid

[veerigadu]

7 minutes ago, Vaampire said:

Wait... 

lets calculate this way.

nenu 7 years back intiki 200k down payment chesa.. intiki kattey emi + property tax pretty much equal to rent.. ippudu naa illu annithey profit 1.2m.. so i made 6x profit.  500k non taxable daantlo
 

adhey 200k nasdaq stocks lo petti untey 3X or 4x ayyedhi.  Antey profit 400-600k. All taxable.

now tell me which is more profitable?

If I were you I would Sell it before the house gets old. Make equity out of it and buy something new. Newer the better. 

Don’t stick too long to same house. older it gets the less it is preferred. It might show good value on paper but buyer won’t be interested as much. 
 

moreover California level of appreciation doesn’t happen everywhere in vomerica. I guess you are fairly lucky.
 

 

[Raven_Rayes]

8 minutes ago, Vaampire said:

Wait... 

lets calculate this way.

nenu 7 years back intiki 200k down payment chesa.. intiki kattey emi + property tax pretty much equal to rent.. ippudu naa illu annithey profit 1.2m.. so i made 6x profit.  500k non taxable daantlo
 

adhey 200k nasdaq stocks lo petti untey 3X or 4x ayyedhi.  Antey profit 400-600k. All taxable.

now tell me which is more profitable?

sure. if you have a family and want to settle down. but people have different lifestyles.

anyway purely based on returns, index funds return almost the same. if you wanna get down to that kind of calculations, then one can talk about investing in specific companies that gave them 10x 15x returns, because they decided to forego having a home.

Its all just individual choice

yes, the TS is naive and is stating that buying house is stupid. buying house is awesome, if you want to have a house for your family. Its not even about an investment or asset appreciation. Just the feeling that you have your home is good enough.

 

[bunk seenu]

36 minutes ago, veerigadu said:

Smart people should never buy a house. It’s good for government, brokers and banks. Not really for the buyer.

Idhi 99.99% batch ki ardham kadhu. But lighttttt.

 

ikkada replies evi pattinchukovadu... aa migatha 0.01% intellectuals ni chusthu brathikeyi...

[ChinnaBhasha]

29 minutes ago, veerigadu said:

Land will appreciate value without costing any money on maintenance and yearly taxes. Long term investment in stocks will have high trifling growth as well. 

these two are my suggestions rather than buying a stupid house whether it’s in India or Vomerica. 

oorike land konte kabzalu chestunnaru anna

[Raven_Rayes]

2 minutes ago, veerigadu said:

If I were you I would Sell it before the house gets old. Make equity out of it and buy something new. Newer the better. 

Don’t stick too long to same house. older it gets the less it is preferred. It might show good value on paper but buyer won’t be interested as much. 
 

dude.. you are stretching it.

buying a house when you have a family is a no brainer.

[Vaampire]

2 minutes ago, Raven_Rayes said:

sure. if you have a family and want to settle down. but people have different lifestyles.

anyway purely based on returns, index funds return almost the same. if you wanna get down to that kind of calculations, then one can talk about investing in specific companies that gave them 10x 15x returns, because they decided to forego having a home.

Its all just individual choice

yes, the TS is naive and is stating that buying house is stupid. buying house is awesome, if you want to have a house for your family. Its not even about an investment or asset appreciation. Just the feeling that you have your home is good enough.

 

+ million.

I prefer comfort over money any day

[Vaampire]

4 minutes ago, veerigadu said:

If I were you I would Sell it before the house gets old. Make equity out of it and buy something new. Newer the better. 

Don’t stick too long to same house. older it gets the less it is preferred. It might show good value on paper but buyer won’t be interested as much. 
 

moreover California level of appreciation doesn’t happen everywhere in vomerica. I guess you are fairly lucky.
 

 

Austin lo kooda similar growth. Yes i could be lucky.. samething applies to stocks and land too. Profit is never guarenteed. 

[ChinnaBhasha]

I agree with ts on some part, investing on house is not a good option... i know people who spend on needless things like interiors, designs etc etc stuff, while paying emis on other hand... only banks and real estate are the ones who benefit out of it. 

you need a own home at some point, but I would say shouldn't overspend on it, unless you are filthy rich and don't need to bother about money.. 

[ChinnaBhasha]

people who are saying their home value appreciated 5x, 6x might also know it's because of the land and not because of house... that's the point ts trying to convey I believe. 

[Raven_Rayes]

1 minute ago, ChinnaBhasha said:

I agree with ts on some part, investing on house is not a good option... i know people who spend on needless things like interiors, designs etc etc stuff, while paying emis on other hand... only banks and real estate are the ones who benefit out of it. 

you need a own home at some point, but I would say shouldn't overspend on it, unless you are filthy rich and don't need to bother about money.. 

If you wanna be a bachelor, alll you need a pad with a good view to show off to women you are interested in.

[Raven_Rayes]

Just now, ChinnaBhasha said:

people who are saying their home value appreciated 5x, 6x might also know it's because of the land and not because of house... that's the point ts trying to convey I believe. 

they are talking about US, not India.

India has land scarcity in urban areas with good infra. not US.

 

[ChinnaBhasha]

Just now, Raven_Rayes said:

they are talking about US, not India.

India has land scarcity in urban areas with good infra. not US.

 

even in US, I don't think house appreciates much... I don't see reason for it to appreciate... 

[Raven_Rayes]

Just now, ChinnaBhasha said:

even in US, I don't think house appreciates much... I don't see reason for it to appreciate... 

House will never appreciate ofcourse.

but do people think of land and house as separate?

[ChinnaBhasha]

Just now, Raven_Rayes said:

House will never appreciate ofcourse.

but do people think of land and house as separate?

nope, I'm just trying to say the appreciation is because of land and it's better not to overspend on house. 

[Raven_Rayes]

6 minutes ago, ChinnaBhasha said:

nope, I'm just trying to say the appreciation is because of land and it's better not to overspend on house. 

ok