I'm of the mindset that you buy a property to rent it out and create a cash flow. You obviously need your own place to stay but most people need an 85% loan to value mortgage which is mad. You'd like a section of Henning Wehn's stand up show when he talks about how pointless the property ladder is (it literally is a ladder that goes nowhere) but can't seem to find it on YouTube, think it's on eins, zwei, DIY.
You are viewing a single comment's thread from:
That’s if you can get a damn property without leveraging up to your eye balls! Personally I don’t have that kind of cash on hand or income for that I’d probably have to ration a can of beans a month just to make those payments
But also I can wait for the right time to pounce as soon as valuations are in my ranges as this house of cards comes down I’ll pick my spot but for now trying to compete with others and their debt for home, not going to happen! I refuse to be the greater fool
Wow A German stand up comedian That’s a first for me will try to check it out! Didn’t think Germans were all that funny to be honest
Haha, yeah I'd have to sell a lot of things (soul included) and that may not even get anywhere near! So I just buy BTC instead lol.
Yeah man, Henning Wehn is the German Ambassador for Comedy, his own words, not an easy role haha