How Many Subscriptions Are You Subbed to Currently?

[t2van]

So based on *my* numbers, and solely on how mortgages work in Israel, it makes more *economical* sense to rent than to but.

I have some money on the side, and it gathers interest. Some of it gains 12% a year on average (9% after tax) and another part of it is invested in BTC and GBTC. It gained about 5x since 2021.

Today, after paying rent for 10+ years, I have more % of a house in liquid assets than I had before, even if I assume that I kept saving the same amount I did back then.

Buying a house should be taken like an investment because I live today in the same type of apartment I'd have probably bought, except I have more money than if I bought it. And my interest on is a lot higher, to a point that if I stop paying mortgage in 15 years it would still take over 60 years for 'buying a house' to keep up with renting a place.

Why wouldn't you have the same amount of money saved now vs if you bought a house.

Traditional rent is higher than a cost of a mortgage. If you can rent and save you can have a mortgage and save.

If you bought 15 years ago and assume you on a 25 year mortgage you got 10 years left.

Your still saving. Then you can put your mortgage payment into savings again generating larger wealth.

What happens if your rent starts to go up in 10 years to 2-3x what it is now.

How do you pay rent when you retire? Do you need to adjust your pension pot to pay for it?

Or are you hopping the state covers a % of it.

 

[roydan]

Why wouldn't you have the same amount of money saved now vs if you bought a house.

Traditional rent is higher than a cost of a mortgage. If you can rent and save you can have a mortgage and save.

If you bought 15 years ago and assume you on a 25 year mortgage you got 10 years left.

Your still saving. Then you can put your mortgage payment into savings again generating larger wealth.

What happens if your rent starts to go up in 10 years to 2-3x what it is now.

How do you pay rent when you retire? Do you need to adjust your pension pot to pay for it?

Or are you hopping the state covers a % of it.

Seems like here the stats are very different. For convenience I'll convert everything to USD, but bear in mind that the cost of living in most areas in central israel is stupid high as it is (food, gas, etc).
An average apartment of the type I'm living in now costs about $1.5M, and to get a mortgage, I'll need to bring at least $450K of my own money. An average mortgage payment (assuming I take a 30 year mortgage) is $5K for every $1M, meaning I'll have to pay over $5K per month for 30 years (assuming interests don't change).
My rent is around $2K.

I may have exaggerated with the value of the house I live in just to keep the numbers convenient to look at, but by not more than 10%

 

[t2van]

Seems like here the stats are very different. For convenience I'll convert everything to USD, but bear in mind that the cost of living in most areas in central israel is stupid high as it is (food, gas, etc).
An average apartment of the type I'm living in now costs about $1.5M, and to get a mortgage, I'll need to bring at least $450K of my own money. An average mortgage payment (assuming I take a 30 year mortgage) is $5K for every $1M, meaning I'll have to pay over $5K per month for 30 years (assuming interests don't change).
My rent is around $2K.

I may have exaggerated with the value of the house I live in just to keep the numbers convenient to look at, but by not more than 10%

Yeah I get that Isreal is a bit different due to the size of the area and your only really going to build vertical so property will always be higher.

It's the same in the UK or anywhere if your going to live in a big fancy expensive house (this isn't a dig) then renting thst will be cheaper than buying anyway.

I get the whole rent v buy in a time when property is constantly increasing its unaffordable.. But also some of that is down to choice. You could move to a cheaper area and travel, you could find another job and move to another area.

I just disagree with the argument of your better off renting vs buying because you build wealth and a house stops you from doing that.

When in reality those who are able to buy a home are also able to save.. Saving doesn't reflect on mortgage or not.

I've seen this argument come up alot recently and to be honest I personally put it down to a generation that's unwilling to make compromises or sacrifices. They just want it all.

Rent whatever the reason you will always be paying. Rent will rise. Whatever you save up by renting over buying will soon be dissolved later in life with higher rental costs..

It will always be an agree to disagree topic

 

[roydan]

It's the same in the UK or anywhere if your going to live in a big fancy expensive house (this isn't a dig) then renting thst will be cheaper than buying anyway.

Just for the record, I live in a slightly above average place. Nothing too fancy or anything.

I get the whole rent v buy in a time when property is constantly increasing its unaffordable.. But also some of that is down to choice. You could move to a cheaper area and travel, you could find another job and move to another area.

But then you should compare it to renting a place at the same area. When you compare apples to apples, renting makes more sense.

I just disagree with the argument of your better off renting vs buying because you build wealth and a house stops you from doing that.

I run the numbers, I'm worth more when I rent. I ran the entire demo trying to convince my wife to not buy a house.
Guess what, she didn't care. She want a house because she wants to own a house. It's not about the numbers at all.

Rent whatever the reason you will always be paying. Rent will rise. Whatever you save up by renting over buying will soon be dissolved later in life with higher rental costs..

It will take it a lot of time to go from $2K to $5K..


So anyway, subscriptions...?

 

[t2van]

@roydan I wasn't implying you live someplace fancy I simply meant comparing 1.5m house to say a 100k house.

Ok if we compare my own example...

Im about to buy a property to rent. It's going to cost 120k mortgage will be 528 or there abouts.

Because of the area and demand for house. Rental in that area will yield 750-950 a month.

So where I live how is renting better than buying? Rent is high due to demand for property.

Like I said it will always be agree to disagree because of the area, location, where you live and what part of the world you are in.

 

[Rem]

@Rem you paying Samsung or Apple either of your enemys for subscriptions?

no
i dont have an apple nor samsung sub

 

[polecat]

no
i dont have an apple nor samsung sub

I see I was thinking that could be the connection to them being your enemy

 

[Zwielicht]

I suppose it depends on what you define as a subscription. If you mean non-essentials like my Hulu or Amazon, then I have none as I cancelled everything over the last few months.

 

[Rem]

I suppose it depends on what you define as a subscription. If you mean non-essentials like my Hulu or Amazon, then I have none as I cancelled everything over the last few months.

everythingggggggg
IM + personal

 

[SilverClouds]

I suppose it depends on what you define as a subscription. If you mean non-essentials like my Hulu or Amazon, then I have none as I cancelled everything over the last few months.

Yeah, I don't have tv. Platinum section here is enough.

 

[polecat]

everythingggggggg
IM + personal

You got any Apple or Samsung related subs?

 

[Rem]

You got any Apple or Samsung related subs?

already told you
no i do not

 

[polecat]

already told you
no i do not

I see but thought you maybe lying. I am interested by your hate for anything Apple or Samsung related

 

[Rem]

I see but thought you maybe lying. I am interested by your hate for anything Apple or Samsung related

I don't hate them
it's called having standards, and pointing out their flaws instead of dick riding them at every turn.

 

[polecat]

I don't hate them
it's called having standards, and pointing out their flaws instead of dick riding them at every turn.

Seems to me like hate. I enjoy reading anything negative you want to say about either phone brand. Please post more of your hate I enjoy reading it.

 

[Rem]

Seems to me like hate. I enjoy reading anything negative you want to say about either phone brand. Please post more of your hate I enjoy reading it.

& if having an opinion and pointing out obvious design flaws or executive decisions is called hate
this is why human has failed in evolution & needs to be resetted.

 

[polecat]

& if having an opinion and pointing out obvious design flaws or executive decisions is called hate
this is why human has failed in evolution & needs to be resetted.

Sounds more like hate that point about product flaws.

If you were just against the product then it would be like this"I hate Samsung feature for example the screen display or the camera or for Apple I dislike how the OS works or how the security works for being a customer" something like that not full on hate

 

[Rem]

Sounds more like hate that point about product flaws.

If you were just against the product then it would be like this"I hate Samsung feature for example the screen display or the camera or for Apple I dislike how the OS works or how the security works for being a customer" something like that not full on hate

Would someone who "hates" them own samsung & apple products?

 

[polecat]

Would someone who "hates" them own samsung & apple products?

Yes quite a lot of people who hate product or service often end up buying their products for where the hate comes from or they work with them so develop the hate.

 

[Rem]

Yes quite a lot of people who hate product or service often end up buying their products for where the hate comes from or they work with them so develop the hate.

there no conversation here
feel free to think whatever you like