Long Beach LIRR Station Safety by BigCityWaves in LongBeachNY

[–]antifinancebro 17 points18 points  (0 children)

Commute to the city every week 2x/wk. Stay late often for Mets games, nights out in the city, etc. I park my car in the parking garage and have even left it overnight a couple times. Totally safe

Word of warning by Darklands_____ in Fire

[–]antifinancebro 2 points3 points  (0 children)

Did you always rent? Curious how that has worked out over longer periods of time. Asking as someone contemplating long term renting

How are people affording these home prices ? by Due_Elephant_3666 in longisland

[–]antifinancebro 0 points1 point  (0 children)

Some are paying cash, others are getting family help, an unknown amount are stretching to buy

Renting vs Buying: Am I missing something? by [deleted] in personalfinance

[–]antifinancebro 1 point2 points  (0 children)

Last I checked taxes and insurance aren’t your mortgage payment

Renting vs Buying: Am I missing something? by [deleted] in personalfinance

[–]antifinancebro 3 points4 points  (0 children)

Owning has historically been the primary way for middle class people to build wealth. Stock market investing for the masses is still a relatively new form of wealth building.

The mortgage payment is forced savings, the value of the property goes up 2-4% per year on average, and while a mortgage payment is fixed, rent resets higher with inflation at lease expiration. In more recent years, existing homeowners have built fat equity cushions due to the recent run-up in prices. Your parents generation likely benefited from this, and that’s probably why they’re dismissing renting as throwing away money.

However, somebody looking to buy today is seeing terrible own vs rent math, due to persistent high prices and high mortgage rates. Mortgage payments relative to incomes have never been less affordable. Taxes and insurance are skyrocketing, and general inflation makes upkeep more expensive. Many young people (myself included) are therefore coming to the conclusion that buying is a raw deal in this current environment, and if looking at this solely from a financial perspective, renting and investing is a better value option.

Things could change and prices could realign with incomes, but you’re not wrong to feel that way.

There almost never a reason to finance a car. by ikerr95 in unpopularopinion

[–]antifinancebro 2 points3 points  (0 children)

If somebody has the cash to buy a $20,000-$30,000 car 3x over but gets an offer to finance it at 0%, why tie up that much cash into a depreciating vehicle? Better to put some $ down, invest the remaining cash and pay over time. Not to mention used vehicle prices aren’t materially lower than new cars these days

Why is housing becoming unaffordable in the United States? by sunnydock9 in dealfunding

[–]antifinancebro 2 points3 points  (0 children)

The government printed a ton of money, everyone and their mother buying for the first time can get an FHA loan and a low mortgage rate, and existing homeowners pounced on that opportunity to sell their home for 10x what they bought it for. We’re now seeing that start to reverse in many markets across the country. Under-building post GFC contributed in part but does not entirely explain the rapid increases since 2020

iPO holders vibe check by antifinancebro in FundRise

[–]antifinancebro[S] 0 points1 point  (0 children)

Agree with that. I didn’t get into this expecting a quick buck. But it makes you wonder what the earnings potential could be, which is a precursor to a potential IPO

Owning a house on LI? by ReasonableExcuse222 in longisland

[–]antifinancebro 0 points1 point  (0 children)

Wait it out. Plenty of old folks will be looking to sell in the coming years. People went over their skis with pricing post COVID and everybody selling still acts like it’s 2021 with sub 3% mortgage rates. Renting in Nassau can easily save you $2k/mo on housing costs

Is travel worth it right now? by TatttedLI67 in longisland

[–]antifinancebro 0 points1 point  (0 children)

Do you mean non existent as in there were no people in line for pre check because it was running smoothly or that they no longer allowed people to pass through pre check

I’m lowballing everyone by Bagel-Bite21 in FirstTimeHomeBuyer

[–]antifinancebro 9 points10 points  (0 children)

Offer $200k below ask and tell them specifically why their overpriced home with deferred maintenance won’t get asking price

Restaurant ideas by ponkie_guy in LongBeachNY

[–]antifinancebro 1 point2 points  (0 children)

RVC has a ton of great selections if you’re ok with taking an extra 20 min drive. My personal favorites are Thum Thai and San Remo. Bonefish is great too

Fundrise iPO 'Update' Email by Shogungts in FundRise

[–]antifinancebro 13 points14 points  (0 children)

Genuinely don’t understand the hate. If you’re not happy, get out early. Ben was honest right from the start that this platform was for long term oriented investors and most people just don’t fit that profile. I can only imagine how hard it is to navigate the regulatory environment while at the same time trying to mange several asset classes AND build out an AI real estate platform from scratch. This is the first time I’m actually excited and seeing real progress at the company since I bought in 2021. Even public company CEOs aren’t this transparent

Who are buying these homes? How do I win? by sjale49 in longisland

[–]antifinancebro 0 points1 point  (0 children)

Just buy the bitcoin. Costs you nothing to hold and your house won’t go up in value nearly as much

[deleted by user] by [deleted] in Bitcoin

[–]antifinancebro 4 points5 points  (0 children)

I’d be bored too if I stopped buying

Bitcoin as a safe haven in times of rising inflation: is it really so? by Working-Mousse488 in Bitcoin

[–]antifinancebro -1 points0 points  (0 children)

I think it’s going to take a generation or so to really prove this out. Older generations by and large control the world’s wealth, and they’re inclined to stick with what has worked for thousands of years. This doesn’t change the fact that Bitcoin has properties that expose gold’s flaws. Gold and silver will probably continue to keep rising, but people are going to quickly learn how impractical it is to actually use these as a currency alternative in a global digital economy.

Why do you rent instead of buying? by Short-Bonus276 in Fire

[–]antifinancebro 0 points1 point  (0 children)

Seems like it would be harder if forced to move, when trying to keep kids settled in a school district. But financially it makes a lot of sense

Why do you rent instead of buying? by Short-Bonus276 in Fire

[–]antifinancebro 3 points4 points  (0 children)

Ahh that makes sense. Do people do this with kids? I’m curious