High-income GOOK buy expensive home -- still no wife!

[The New York Times]

yeah this is not a fucking flex. not a home "buyer" if you're the bank's cuck for decades of course, gookuck will do anything and everything to be accepted by goyciety

I never knew this. So the Gook in question does not own the home, the Gook is just "borrowing" it from a Bank, whom he pays 6% interest to?

And the Gook is showing off about this shit!

Holy shit, I had no clue. I assumed the gook purchased the entire home outright.

 

[The New York Times]

>"expensive"
>250k

OP....do you have a concept of what stuff costs, especially these days? The median house price in America in 2026 is around 400k. For a truly "expensive" house in 2026, 250k would just be a down payment.

For 250k that's a really nice house though. Looks to be on a sizable plot of land as well which is great because you want to be as far from your nearest neighbor as possible.

Also 6.25% mortgage rate is average in 2026. That's another reason more and more people are getting priced out of ever becoming home owners. Not only have house prices gone up at a much higher rate than wages have, but post-covid the mortgage rates went way up. There was a time post-2008 recession and before and during early covid where you could get a (30 year) mortgage rate of 4% or less. Those days are probably never coming back.

And to think, so many boomers were able to get a job right out of high school that paid enough that they could afford to make a down payment on a house after a year of saving up, JFL.

Apparently, taking a mortgage mean the home is not yours. You are simply "borrowing" it from the Bank lol. So the Gook does not even own the home he is showing off about!

 

[Adrift]

muh american dream

 

[Tetsuya]

$250k isn't expensive at all for a home, but then you have to live in fucking Indiana as a gook

 

[The Death Devil]

>"expensive"
>250k

OP....do you have a concept of what stuff costs, especially these days? The median house price in America in 2026 is around 400k. For a truly "expensive" house in 2026, 250k would just be a down payment.

For 250k that's a really nice house though. Looks to be on a sizable plot of land as well which is great because you want to be as far from your nearest neighbor as possible.

Also 6.25% mortgage rate is average in 2026. That's another reason more and more people are getting priced out of ever becoming home owners. Not only have house prices gone up at a much higher rate than wages have, but post-covid the mortgage rates went way up. There was a time post-2008 recession and before and during early covid where you could get a (30 year) mortgage rate of 4% or less. Those days are probably never coming back.

And to think, so many boomers were able to get a job right out of high school that paid enough that they could afford to make a down payment on a house after a year of saving up, JFL.

I was about to say this... I'm not sure why everyone in the thread seems to be making fun of him? I thought that 250k for a house like that was actually quite fortunate. Especially since this is the kind of stuff you get with half of that price AND at the same rate—

I would be lying if I said I wasn't a bit envious. As long as he manages his funds correctly and works on paying the principle, then I think he got a great deal desu... If anything, it's SO fortunate that I'm starting to question if it's too good to be true. Surely there's some kind of catch here? Maybe the area isn't that great for one reason or another?

 

[The Death Devil]

I never knew this. So the Gook in question does not own the home, the Gook is just "borrowing" it from a Bank, whom he pays 6% interest to?

And the Gook is showing off about this shit!

Holy shit, I had no clue. I assumed the gook purchased the entire home outright.

That's why mortgages are pretty hit-or-miss, in my opinion. I'm entirely unexperienced in this kind of stuff, so I'm not going to act like I know much, but I can't wrap my head around the idea of practically throwing away any chance you have at pursuing risks in your career, finances, or life—all to chain yourself to a house that you're going to have to pay off for the next few decades. Once you take the mortgage, you're pretty much stuck there unless you want to risk losing absolutely everything and having the place you live taken away from you.

The only good thing about them is that you don't have to pay property tax—as far as I'm aware, at least. And I suppose that if you're really desperate and you see yourself renting things out for the next few decades, anyway, then it's also not a bad idea.

 

[The New York Times]

That's why mortgages are pretty hit-or-miss, in my opinion. I'm entirely unexperienced in this kind of stuff, so I'm not going to act like I know much, but I can't wrap my head around the idea of practically throwing away any chance you have at pursuing risks in your career, finances, or life—all to chain yourself to a house that you're going to have to pay off for the next few decades. Once you take the mortgage, you're pretty much stuck there unless you want to risk losing absolutely everything and having the place you live taken away from you.

The only good thing about them is that you don't have to pay property tax—as far as I'm aware, at least. And I suppose that if you're really desperate and you see yourself renting things out for the next few decades, anyway, then it's also not a bad idea.

Apparently you pay property tax via the mortgage. So its just indirect lol.

One thing that surprised me is that the bank owns the home. So if you lose your job and can't pay, the bank can take the home from you, and you get no money, apparently. It is basically rent to home, and if you can't pay, you lose it.

It sounds shit to me tbh. I could never take that risk. Not sure why these Americans are so proud of being a slave to a (((BANK)))