 Quantum kek. Can you show the relationship between renting and buying a house and at what point does buying make more sense? Buying makes more sense if you found your dream home and you want to live in it for a while. Okay, buying makes more sense if you're not going to be totally crippled by the debt that you're taking on. Buying makes sense in an area where it has good water supply as the same goes location, location, location. Buying makes sense if you're not buying during a bubble. Buying makes more sense where when interest rates are low okay and you're not going to be overwhelmed with picking up a huge mortgage and the interest that you're going to be paying on your mortgage is above the CPI is above inflation or above what your capacity is to make those payments to the bank. Buying makes more sense if you have children. Buying does not make sense if you want to stay liquid, if you want to stay mobile, if you don't want to be tied down, if you have other investments that you want to make. Okay, there are multiple things you have to look at when you're looking at buying versus renting. Number one rule which is what most people don't tell you, number one rule is lifestyle. What is your lifestyle? Is your lifestyle congruent? Is it a lifestyle that requires you to have a home central location that you don't want to move for a while or does your lifestyle dictate that you want to be on the move and you want to be liquid, you want to be not tied down. To me that is the key, that is the essential part. Some people say oh no if you the best thing to do if you're if you're gonna be renting somewhere for five years then it's a good idea to buy a place because your mortgage will go towards rent towards your property because the property value will go up. Well property value is not guaranteed to go up because buying also has a certain amount of expenses that you have to put into it. It's got taxes you got to put into it. So there's a lot of things there. So, content check. I would say number one rule when it comes to buying a home or renting is look at your lifestyle, decide that and then you can look at your finances. No need boy. Zappa is awesome. My brother sometimes says that system of down is what would happen if Frank Zappa decided to do a metal, ha ha probably, maybe, maybe. But Frank Zappa would do a lot more variety than system of down did. System of down was very consistent in the way they compose their music. Frank Zappa jumped all over the place which is what really made him brilliant, right? The straight wizard. I can only grow a goatee. My cheeks go on super patchy. In the next life, brother, ask for some Armenian blood or something. We're hairy. We're hairy. Hello, I'm a snake. How are you doing? Hey Chico. Glad to see you in yet another stream. I just came back from yet another protest rally. Nice. Now it's time to educate myself and myself on some math. Very nice. Very nice. And congrats on going on the protest, brother. You got to put your bodies on the line to a certain degree in these times, right? The straight wizard. I just want to buy an acre out of town and build a tiny home. Yeah, straight wizard. Not a bad idea. Tiny home. I have friends that live in tiny homes. Before buying property that if you're buying property to live in, make sure you have water supply in that property. Number one rule when you're buying property. Look at the water supply coming in. Okay. Are you dependent on a well? Is it a good yielding well? Are you dependent on the city pipes coming in? What's the water situation like? And look at the historical charts of it. See if the water level is dropping over time. If the water level is dropping over time, your well has to go a lot deeper and there's only so deep you can go before you run dry, right? So water is the key, right? Honestly, Chichou. Honestly, Chichou is making a good point. I should buy an RV. Why not? Expensive, though, when it comes to gasoline if it's a gas-powered, sleep by Chichou. To build off quantum care question, can you show us in math what is needed to buy property or rent out? Currently looking at buying a property in my home country in Madeleine, Colombia to Airbnb. I would buy cash. There is no bubble in housing since in Colombia, since everyone buys houses and apartments cashed, to be honest. Okay, cool. That's good. Airbnb, be careful because travel, but people do travel locally, so that's still legit. But a lot of international travel is going to be gutted and it is being gutted. So Airbnb, people are relying. If you're buying an expensive property, depending on having high-end clientele to rent out your property, you might be in trouble, right? So in Vancouver, for example, there's a lot of people who bought apartments to do Airbnb. Some apartments, some people bought apartments, condos and apartments and all of a sudden the council for that apartment came on and said, okay, no Airbnb allowed here. So those people bought it on the condition that they were going to rent it out. Now they couldn't rent it out. Now they had to sell it, right? Lucky for them, the property value has gone up. If it went down, they're screwed. Now, when all these lockdowns came in, people couldn't rent out their Airbnb's, but they still had to pay in a mortgage on it, so they lost out big, right? So be careful on that front. As far as showing the math, I couldn't do it off the copman. I could, but it's just very general. And the general stuff you already know, right? Basically, name of the game is this. Name of the game is this. This is the name of the game. We'll do simple numbers, like numbers that really don't apply to buying something. Well, it could in some places. Let's say you're gonna take out $100,000 mortgage. Let's say the property was $120,000. You paid 20% down, right? So 20% down you already got $20,000 in the apartment down paid. You still have $100,000 mortgage, right? Now, how are we going to make this chart? Let's make this chart over time. Are we going to be able to do this off the cop time? Okay, this is money, right? On $100,000, depending on what type of mortgage you get, how long the duration is and all that jazz, you're going to be paying on a monthly basis a certain amount of money to pay off your mortgage, right? Simple calculation. Simple calculation. Let's say you're doing your term for 20 years, 20 years. Okay. And in 20 years, you expect the total amount of money that you would have been paid to the bank would be double this. So you're going to be paying $200,000 when all is said and done, right? So $200,000. So you're paying an extra $100,000, right? To the bank to buy whatever it is that you're buying after 20 years, right? So let's assume you want to break even. How many months in 20 years? 20 years times 12 months per year is 240 months, right? Months. Now I don't know if this is the legit way people do it. I do my own calculations just base value and then you can look at the logistics. We're already taking into account the interest that you're going to be paying on this, right? So take $200,000, $200,000 divided by 240 months for 20 years, right? Divided by 240 months. That means you're going to be paying $833, $33.33 mortgage per month, right? This doesn't include taxes. This doesn't include service. This doesn't include water, heat, nothing, right? Let's assume kick this up with taxes and everything. Let's assume plus expenses, expenses, cleaning, you get people renting out, they destroy the place, you got to fix it up again. Let's say it's going to be $900 per month that you're going to be putting into this apartment for 20 years, right? Simple mathematics says rent this out for at least $1,000. You rent it out for $1,000, multiply by this. Well, it wouldn't be that much. So $100 a month, right? So $240 over 20 years, you're making extra $100 a month, you're going to make $2,400 plus you're going to have an apartment, right? Plus you have an apartment, right? So you have $200,000, $2,400 in equity, right? That's where you should start. Most basic calculation you can do, right? And then look into how much it really costs in your area to how much the taxes are, how much interest rate is going to be. Do a legit calculation for this, right? How much you're going to be paying over a 20-year period, borrowed $100,000, right? Use your compound interest formula. A is equal to P1 plus R over NNT. Use this formula to get a real idea of how much it is that you're going to be paying at the end of 20 years, right? If whatever the payments are, right? That's my quick take on it.