111–120 of 440 posts
I get not everyone loves being around their family, so its not for everyone, but it makes things far more affordable, and the house you can get by pooling money together can be quite amazing compared to what you can get by splitting the pot. There are fewer people wanting to buy these homes which means the deals you can get are quite good.
One of the trends that I can only hope continues is getting rid of this idea that home ownership (especially single family home ownership) is the American dream. I live in and own a detached single family home (was a compromise with my spouse) and to be honest, I hate it. I hate having to take care of the yard, to deal with unreliable tradespeople when things break, to deal with the huge expense of minor home repairs…
The issue with fixes gets even worse when you live in an older city and most of the homes are 80+ years old. It was a nightmare when you start to think about all the little things that are eventually going to need repaired/replaced in the not so distant future.
For now I am happy not having to do any yard work and only having to pay and electric and internet bill. The simplicity is great but I do miss having a little more space for storage/hobbies.
This is not only "first world problems", but 1% first world problems. Well, maybe 5%: given > For their retirement in a suburb of Asheville, N.C., Ben and Valentina Bethell spent about $3.5 million in 2009 to build their dream home: a roughly 7,500-square-foot, European-style house with a commanding view of the Blue Ridge Mountains. Put $3.5m into https://dqydj.com/net-worth-percentile-calculator-united-sta... and yo…
> They are unlikely to have mortgaged it, as most lenders won't lend past retirement for obvious reasons You can't deny a loan due to age in the U.S. It's specifically forbidden by federal law.
Earlier quoted context omitted.
I also hate maintaining a detached single family home with a yard. I also hate being responsible for the fixes. But that situation is still far better than renting. When we rented, we were subjected to eviction at any time, for nearly any reason, for basically no notice (60 days, which in the US is effectively zero notice). Your subjected to every whim the crazy wildly-irrational housing market throws at you (we've h…
> we've had 12% yearly rental increases for a decade straight now, despite living in bumblefudge-nowhere Midwest Quick math for the rest of you out there: That means they paid 1000 in 2009 and now pay ~3500 in 2019. Also, yes, I feel you there. Our rental agreement states a mandatory 10% increase if you rent from year to year. I've no idea why the company is this stupid though. The rents around us are falling or stay…
So it's in their best interests to try to squeeze customers when possible, even with the occasional person that moves out, they'll net a lot more from tenants who just don't bother to dispute the increase.
We made it work, but would have gone with a manufactured home before we would have built something with 3k+ square feet just to make the bank happy.
Earlier quoted context omitted.
> we've had 12% yearly rental increases for a decade straight now, despite living in bumblefudge-nowhere Midwest Quick math for the rest of you out there: That means they paid 1000 in 2009 and now pay ~3500 in 2019. Also, yes, I feel you there. Our rental agreement states a mandatory 10% increase if you rent from year to year. I've no idea why the company is this stupid though. The rents around us are falling or stay…
It's similar to a telecommunications giant - as the customer, you need to pay a cost of switching (moving expenses, hookup fees etc.). So it's in their best interests to try to squeeze customers when possible, even with the occasional person that moves out, they'll net a lot more from tenants who just don't bother to dispute the increase.
One of the trends that I can only hope continues is getting rid of this idea that home ownership (especially single family home ownership) is the American dream. I live in and own a detached single family home (was a compromise with my spouse) and to be honest, I hate it. I hate having to take care of the yard, to deal with unreliable tradespeople when things break, to deal with the huge expense of minor home repairs…
Get a yard service - I pay $150 a month for them to come twice a month.
Get a home warranty - it’s about $600 a year and they fix everything - appliances, hot water heaters, plumbing, etc. I haven’t purchased one for current home because it’s a new build, but I did for furnished rental property I previously owned. In the grand scheme of things for an owner occupied home it’s probably not a great deal but it’s worth the peace of mind for some.
One of the trends that I can only hope continues is getting rid of this idea that home ownership (especially single family home ownership) is the American dream. I live in and own a detached single family home (was a compromise with my spouse) and to be honest, I hate it. I hate having to take care of the yard, to deal with unreliable tradespeople when things break, to deal with the huge expense of minor home repairs…
I used to own a 1000 sq ft cape cod that was built in 1942. I fixed everything myself and since it was small, nothing could really get out of hand. I believe most of the pain involved in home owning lately has come from bigger houses with more complex systems/appliances.
This is not only "first world problems", but 1% first world problems. Well, maybe 5%: given > For their retirement in a suburb of Asheville, N.C., Ben and Valentina Bethell spent about $3.5 million in 2009 to build their dream home: a roughly 7,500-square-foot, European-style house with a commanding view of the Blue Ridge Mountains. Put $3.5m into https://dqydj.com/net-worth-percentile-calculator-united-sta... and yo…
Earlier quoted context omitted.
You wish hardship upon them because...why exactly?
Because in real terms it may not be real hardship so much as inconvenience - unless they're hugely indebted, which then makes it a much bigger problem for everyone. But also because done the right way, it could help alleviate real hardship elsewhere.