Originally Posted by Jarlaxle
Originally Posted by Triple_Se7en
Originally Posted by Jarlaxle
Originally Posted by CincyDavid
Both of my kids have leased apartments in new fancy buildings with workout rooms, pools, stainless steel appliances and whatnot, but SLOPPY, cheap construction and loads of obvious defects. I've pointed out to both of them that they could buy a home for less money, have a more solid place and build equity, but they both said "ooh, who wants to live in a $100k house in THAT neighborhood?!?"
Whatever. The build quality of my 40 year old vacation home is, in most respects, far superior to anything in new construction, except maybe really high-end builders. I had to ride the builder of my now 2 year old primary residence, bugging the superintendent almost daily about stuff that the subs had not done quite right. Got a decent result, but I got the sense that the trades aren't craftsmen like they used to be, just men drawing a paycheck.
Plenty of people have NO interest in buying a house. It's a millstone and an unpaid part-time job hung around your neck.
Smart ones don't drop their money every month in a nearby storm sewer, for absolutely nothing in the long-term return.
Home Investments grow money, a large majority of the time. When they don't, it usually signals you picked the wrong neighborhood to invest in
Had a house. Dumped it and wish I'd done it years earlier. I'm in a nice apartment for a bit more than just the property taxes on the house...and wow, I didn't realize how much work it was until I stopped doing it. No more endless yard work, no more snow removal, no more endless cycle of maintenance.
Well it depends on the house. If Your house is $500,000 dollars then yes it will be cheaper living in an apartment after you pay the taxes and insurance. Then if you have a 30 year mortgage..... oh boy that $500,000 house will be like 1.2 million after 30 years