im getting old

[CJ]

Lol but I love them

Point is, find your own happiness, not what society tells you that you need to be happy.

 

[Send0]

Jenn, owning a home isn't the great thing that it seems. There are many reasons to NOT own a home.

I don't think that I'll even own one again, at most possibly a condo. I'm happy renting. I have all my free time, I don't always have to spend my days off doing yard work, maintenance, etc... I don't have to buy a new kitchen, or a roof, or a driveway, or all the constant maintenances and upgrades that come along with home ownership.

Oh, it's a great investment you say? Completely false. The historical home appreciation rate is 3-5%. Now factor in taxes, mortgage interest, maintenance and upgrades, and most people come out even at best. And the big down payment you had to put down could otherwise be invested in the stock market, which trounces home increases, so there's that lost opportunity cost. And when you sell your house, you have to pay a percentage to the brokers. And when you buy the house, there is thousands of dollars in closing costs.

Why do you think that you even need to own one?

I can confirm this is accurate. Always some expensive repair comes up, I have to deal with it, it's a PITA and eats up lots of my free time. I often find myself wondering why the fuck I ever bothered buying a house in the first place.

On the flip side, my house is about to be paid off and I can't imagine paying crazy rent prices that are out there these days.

You get fucked either way, but at least with renting the property and it's upkeep are someone else's headache to deal with.

 

[BigChief1]

Jenn, owning a home isn't the great thing that it seems. There are many reasons to NOT own a home.

I don't think that I'll even own one again, at most possibly a condo. I'm happy renting. I have all my free time, I don't always have to spend my days off doing yard work, maintenance, etc... I don't have to buy a new kitchen, or a roof, or a driveway, or all the constant maintenances and upgrades that come along with home ownership.

Oh, it's a great investment you say? Completely false. The historical home appreciation rate is 3-5%. Now factor in taxes, mortgage interest, maintenance and upgrades, and most people come out even at best. And the big down payment you had to put down could otherwise be invested in the stock market, which trounces home increases, so there's that lost opportunity cost. And when you sell your house, you have to pay a percentage to the brokers. And when you buy the house, there is thousands of dollars in closing costs.

Why do you think that you even need to own one?

Very true, I hate doing yard work! But the downside is you’re gonna be paying out the rear til the day u die. It’s never paid off renting. For most elderly that can be a big problem when on a fixed income.

I bought my first home for 65k cash. A 1/4 acre lakefront 2 bedroom 900 sqft house. 8 years later I sold it for 275k. I took that and bought a much nicer, larger home. Again paid cash. Still live there. I could sell this all day for 400k. I just don’t wanna move. I hate moving . Anyway I have never had a house payment my entire life and don’t want one.

 

[CJ]

Very true, I hate doing yard work! But the downside is you’re gonna be paying out the rear til the day u die. It’s never paid off renting. For most elderly that can be a big problem when on a fixed income.

I bought my first home for 65k cash. A 1/4 acre lakefront 2 bedroom 900 sqft house. 8 years later I sold it for 275k. I took that and bought a much nicer, larger home. Again paid cash. Still live there. I could sell this all day for 400k. I just don’t wanna move. I hate moving . Anyway I have never had a house payment my entire life and don’t want one.

Are you ever paid off owning? No

Between taxes, maintenance, upgrades, and the value of your time to do the work yourself or paying someone else to do it.

You made out well in your scenario. That's not even close to the norm. Again, the average appreciation is 3-5%

And how much money did you put into renovations and upgrades on that first home? Everyone likes to omit that figure when they talk about their buying and selling prices.

 

[Thrawn]

Don't beat yourself up over this. This is probably going to be true for a majority of millennials who haven't already become homeowners. With Gen Z it will be even more common.

Cost of living in Canada is insane!

 

[BigChief1]

And how much money did you put into renovations and upgrades on that first home? Everyone likes to omit that figure when they talk about their buying and selling prices.

I bought that first home when I was 25. I didn’t put squat into it lol. Being serious I never fixed or replaced anything. Now my current home I’ve had to replace lots of crap. Getting a quote for a new roof today. I’m getting metal and it will outlast me.

No u are truly never paid off. I mean I gotta pay taxes. Any repairs I make now I do so with the mindset of I want it to outlast me.

 

[CJ]

I bought that first home when I was 25. I didn’t put squat into it lol. Being serious I never fixed or replaced anything. Now my current home I’ve had to replace lots of crap. Getting a quote for a new roof today. I’m getting metal and it will outlast me.

No u are truly never paid off. I mean I gotta pay taxes. Any repairs I make now I do so with the mindset of I want it to outlast me.'

I'm not against home ownership. It's just that there's more that goes into it than most think initially. And people feel like they NEED to own a home.

Ownership has its pluses, too. Like Jenn said earlier, a yard to watch your kids, or rabbit, play in has its value.

It's an individual thing as to which is the better option.

 

[Jenn_is_Jenning]

I just realized one other thing...

I can't order a Pierre Poilievre lawn sign because I don't have a lawn

 

[Bro Bundy]

I bought a condo in Florida by the beach all I pay is 500 hoa 2 bath 2 bed 1400 sq feet . Having a house no matter what the cost is always gonna be better .

 

[Yano]

Lived in the projects , Ive lived in a million dollar home ,,

ive lived in an alley , lived on a couch when my best friend was a stray dog and all i owned was a backpack

ive lived under the boardwalk at the beach and ive lived in a concrete box ..

no place is free , no place really matters , structures are just a place to keep stuff most of it you don't need.

in the end its the people you meet along the way , those that help you and those you get to help

That is really where the value is, can't keep those memories in a building , you carry those in your head and in your heart they shape your life.

the lessons we learn along the road , that's all worth more than any structure made of wood glass n metal.

 

[Bro Bundy]

I don’t feel right if I don’t have a backyard to smoke a joint and think

 

[Thrawn]

I just realized one other thing...

I can't order a Pierre Poilievre lawn sign because I don't have a lawn

I love that guy, speaking skills reminds me of Vivek Ramaswamy.

 

[Bro Bundy]

I love that guy, speaking skills reminds me of Vivek Ramaswamy.

I don’t trust Vivek he reminds me of that turd Obama

 

[Thrawn]

I don’t trust Vivek he reminds me of that turd Obama

I'm sure he will get a cabinet position so he can prove himself

 

[Bro Bundy]

I'm sure he will get a cabinet position so he can prove himself

I bet trump doesn’t like him . I grew up with trump he hates anyone that’s louder or tries to be louder than him . It’s a New York thing

 

[Bro Bundy]

Just to let all the ladies that might be checking this thread out I just feel old the cock still works just like it did when I was 30

 

[69nites]

Just to let all the ladies that might be checking this thread out I just feel old the cock still works just like it did when I was 30

I wouldn't even know if my cock slowed down with my Cialis regimen I've been on for a decade

 

[Bro Bundy]

I wouldn't even know if my cock slowed down with my Cialis regimen I've been on for a decade

Careful u can put a hole in your pants