At what age did you purchase your first house?

Fricking boomers. I warned my grandmother to skip the generation and give everything to me and the cousins and now a Chinese dude is digging up her grave along with everyone else buried in our graveyard to take to a public burial memorial. I’m trying to convince my friend to turn this into a screenplay as a warning for Millennials and Zoomers to just kill their family boomers at this point. You will own nothing and it’s because your wine aunt and father spent it all on Carnival cruise lines.

Holy shit the collapse of your family is making me laugh hard. From receiving a mansion from the king to some chink exhuming your grandma's remains off the property kek. Lmao.
Don't take this too personally it just is what it is. In an alternate universe things went differently and you are dunking on me in this thread from how well off your family is.

Oh trust me, it gets better, we have been burying family in the property since the early 1800s when one of my ancestors told everyone to go frick themselves, he’s never leaving it again. My uncle and father sold it to a Chinese guy. I’m literally sitting on concrete rubble right now watching his company dig up my family from their graves and throw them on a flatbed truck to take to a memorial field.

Checked.

Oh trust me, it gets better, we have been burying family in the property since the early 1800s when one of my ancestors told everyone to go frick themselves, he’s never leaving it again. My uncle and father sold it to a Chinese guy. I’m literally sitting on concrete rubble right now watching his company dig up my family from their graves and throw them on a flatbed truck to take to a memorial field.

Pics OP. Nao.

i meant to refer to the general trend in general estate mismanagement by boomers, and how their ancestors would react if they knew.

either way, i'm terribly sorry you've been dealt this predicament.

>i bought a house
owes 30 years

you dont own shit

if you locked in a home at a low price and at low rates, it's arguably more financially advantageous to be paying a mortgage than a lump sum purchase given the investment opportunity costs.

with that said, most everyone buying these days is comparatively screwed.

Yes it's usury, but again, opportunity cost. If you closed on a house at 250k and 4% interest, you can do a lot with the money you're setting aside in the near term other than just paying off the mortgage which has decent potential to outperform the cumulative costs of interest over the next 30 years, and the interest rate basically has parity with the current inflation rate.

To pose it a different way: would you say it's a better financial decision to sell $200k of bitcoin -right now- to pay off a 30 year low-rate mortgage?

make sure you do the math, you could be paying a hefty opportunity cost by being dogmatic about giving money to a banker.
for example, my mortgage is at 2.65% fixed rate. the real dollar value of my balance is shrinking faster than the interest I'm paying on it, and I'd have to have been a moron to not have taken that deal.
It helps that I didn't need the mortgage in the first place, meaning the money I would have used to pay it outright is instead invested, acting as an easy-modo money multiplier.

maybe. in hindsight i wish financed and paid israelites interest but kept the 35+ btc I dropped to buy with cash. but I made the right choice with the information I had at the time. you can't go for a walk in the numbers on a screen.

Yeah my wife has been making charcoal rubbings of all of the headstones (those are going too). She knows how depressed I am. Some of them are so weathered nobody knows who the frick they are. We probably shouldn’t have buried them in a clearing in a forest in our property. They also gave each of the kids 10k and kept the remaining 1.3 for themselves. They said it’s their parents money they can do whatever they want. If I didn’t have my wife I would have murder suicided two years ago in a heartbeat.

you should find a way to make it so the house appears haunted by ur ancestors so it scares them so bad they spend all their money on chinese chink charms and trinkets to try and scare them away.

Some of it is a risk balance between the lending price and the loan length. It balances out for more power to the lender because of the short length. It made sense from an article I read off Forbes a few years ago. At the time, the market was shifting a lot in the low term mortgage area. There was a lot of refinacing in this market when rates were bonkers.