MGTOW Financial Advice

[Anonymous 0]

I just ran across this guy, Paul from Cleveland. I’ve never heard this before but it sounds like good advice.
Let me know what y’all think about it.

[The man in the mountainParticipant 4102]

A very small home here in florida costs like 250k(cheapest), with that money i can buy 2 houses by the beach and 1 apartment with 4 bedrooms and 2 living rooms in the Dominican Republic, the apartment will have also a nice large balcony jesus!.

Also my retirement money will be worth a s~~~ ton more over there than here!, here in the COMMUNIST USA you don’t own anything when the government or IRS can levy your bank accounts, take your property, freeze your income its BS!.

[Anonymous 0]

I’m really trapped. I have a pretty big home, but there really isn’t anything else I can do right now. It varies between 3 and 5 people living here and a s~~~load of stuff.

[The man in the mountainParticipant 4102]

Anonymous wrote:

I’m really trapped. I have a pretty big home, but there really isn’t anything else I can do right now. It varies between 3 and 5 people living here and a s~~~load of stuff.

That’s why more and more American middle class men are investing in property outside, learning a second language and getting dual citizenship, the dominican republic for example doesn’t charge you property taxes if the property doesn’t surpass a certain property value, something like 3million pesos.

Places like D.R., Costa Rica, Nicaragua, etc… are starting to see the birth of “American villas” where all the houses are bigger than in the suburbs in the US and are owned by Americans, tight communities basically. People are fed up by the system.

[MarketWatcherParticipant]

He makes some very valid points and is correct in his calculations. Pay cash for a small house in a low tax area and you now have a home or rental income property. I think his point is about not falling for the homeowner myth, the sales tactics, and the bank BS. Again, his calculations are correct.

[cj023Participant 723]

Words heeded… kinda changes my whole real estate perspective

[Anonymous 43]

the mortgage and property taxes is why I didn’t contest the house too much in my divorce.

$140,000 house $1300 a month mortgage and more than $6000 in property taxes a year. She paid for the refi, paid me $50,000…my half of the equity, then got a $185,000 mortgage, now she pays $2300 a month.

Then the c~~~ bought an even bigger house
$280,000 house $2500 a month and $12,000 in property taxes…

lol owning 2 houses $4800 a month and $18,000 in taxes omg I am laughing so f~~~ing hard. One house is in a suburb, the other house is out in the middle of nowhere. Jebus Christ nailed to the Cross, she is paying more than $57K a year in mortgages bwahahahahahahahaha

Then she had a car she was making payments on when we split, then bought 1 more new car and 2 trucks. OMFG ridiculous, and paying for kid’s college at $80K a year. Insane!

I hope Chad was worth it. I hope Chad is helping her pay for this s~~~. My $650 a month CS doesn’t go too far in this deal. You couldn’t pay me enough to be idiot f~~~ing Chad in this deal. S~~~…this Chad has a couple kids in college too I think. So f~~~ed up, so glad to have been cut loose from that.

Sometimes you stop and look at a situation and think to yourself, “if this was the answer, what was the question?” That is the beauty of the red pill, the metacognition of bulls~~~ in motion.

[Blood AxeParticipant 1179]

S~~~ I’ve been wanting to get a house for myself. Or maybe some land and put up a shack. Looks like one must play his cards right to make it work. Maybe I need a new plan, either way thanks for the info YZF-R1.

Back off Barbie!

[MarketWatcherParticipant]

Anonymous wrote:

I hope Chad was worth it. I hope Chad is helping her pay for this s~~~. My $650 a month CS doesn’t go too far in this deal.

Lets hope Chad marries her dumb ass and you will be free of CS. F~~~ what a dumb bitch.

[Joey CusackParticipant 1044]

Everyone has their opinion I suppose. I bought my house when I was 30, had it paid off at 54 when I retired. I’ll never see a mortgage (or rent) monthly payment again. I call that financial freedom. (I’ve never married thankfully)

Say, for example I live to 85. The rent I would have paid from age 30 to 85 would exceed the principal and interest amount I paid for my house. Plus, having your own house is a great outlet for creativity if you like to build and fix stuff. In addition, my house is now worth about 4 times what I paid for it.

Just don’t buy anything that you can’t really afford thus making your life miserable due to all your income going to a house with nothing left over.

[joetechParticipant]

MarketWatcher wrote:

Lets hope Chad marries her dumb ass and you will be free of CS. F~~~ what a dumb bitch.

No. You’re thinking of alimony.

"Don't follow in my footsteps...I stepped in something."

[Anonymous 43]

CS ends May 7, 2020…child turns 18. No alimony…lol can’t afford it. C~~~ makes $150K a year. and spends it all on useless s~~~. lol.

Her mortgages are 1.5x my salary. Stunningly bad financial situation.

I hope she marries and divorces a whole string of Chads…my other kid is college age in three years.

[Anonymous 43]

Joey Cusack

Problem with full ownership is it is hard to borrow against your house for whatever reason. You could get a reverse mortgage, but omg why would ya do that?

[Joey CusackParticipant 1044]

Anonymous wrote:

Joey Cusack

Problem with full ownership is it is hard to borrow against your house for whatever reason. You could get a reverse mortgage, but omg why would ya do that?

I haven’t heard that before. Why would getting a home equity loan or line of credit be more difficult for those who have paid off homes?

[Anonymous 43]

Joey…I did a little research

Equity loan accrues interest right away

Line of credit is there when you need it, use it then interest accrues

Sorry, I was misinformed

Thanks for getting me up to speed…it’s been a while since I had a house

I thought the only way to get money out of a paid off house is sell it outright or reverse mortgage. My bad.

[Joey CusackParticipant 1044]

Anonymous wrote:

Joey…I did a little research

Equity loan accrues interest right away

Line of credit is there when you need it, use it then interest accrues

Sorry, I was misinformed

Thanks for getting me up to speed…it’s been a while since I had a house

I thought the only way to get money out of a paid off house is sell it outright or reverse mortgage. My bad.

No problem brother. Been awhile since I thought about this stuff too.

[PuniShredderParticipant 2268]

He’s absolutely right. Numbers have been worked out and home ownership other that a few times in history, is a bad deal after you pay a mortgage, taxes, upkeep. FAR better off renting cheap and investing in the market

Be professional be polite but always have a plan to kill everyone you meet.

[Chris1234Participant 353]

Buying an apartment is the best thing I ever did. I spent a few years renovating mine then rented it out and paid as much off it as possible. If I need to move into it now the interest and rates would only be about $100 per week and that will only go down as I pay more off the mortgage. If I rented the same place it would cost me around $300 per week and it would only ever increase. So basically the rent is paying it off for me. I guess it depends on where you live and the condition of the property market in your area. My advice is dont borrow too much as you end up locked into your mortgage. If you borrow a managable amount you still have your freedom also learn basic repairs (change tap washers, fix plaster etc).

[AwakenedParticipant 35206]

While I agree that buying a single family home in a desirable suburb is a complete rip off for adults without children, there are “other” alternatives to PAYING rent the rest of your life.

In some urban areas there are “decent” basic older homes that can be had at VERY attractive prices. In my area, I have priced some and they can be bought with 20% down for about $650. per month INCLUDING taxes paid monthly on a 15 year mortgage. Granted, these are NOT the Best parts of the city, but not all that bad either comparatively speaking to many much larger cities. Rents are higher then buying in this scenario. Of course these homes will need capital investments if not up front probably soon down the road.

The other side of the coin is even though Home Ownership may cost more monthly, there IS a return on Investment when you do sell. You get NOTHING back when you move out of an apartment. This is not to mention that with apartment living you are still living under OTHER people’s rules as well as NOT having as much privacy or space, yard, garage etc.

Small – average sized condo’s can also be a doable option as well as trailers !!

A rental property of at LEAST 3 units, FOR MANY REASONS, is a GREAT option for your average handy MGTOW Man !!

In a World of Justin Beibers Be a Johnny Cash

[Anonymous 0]

When I first got “trapped” into my home, the kids were just about to be school age. So, I got a home in a public school district that was pretty good, at that time. The money I saved versus paying for private school for 2 kids sort of offset what I was paying for the house. I don’t know if that counts or not.

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