411–420 of 440 posts
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Maybe someone could disrupt the ownership model here and invite a number of families to move in together?
Zoning laws or local regulations (not just HOA) most likely would prevent it. An example is in Seattle some of the most expensive neighborhoods have strict rules that prevent multi-tenancy housing and the people living there actively fight to preserve that.
On one of my harder-hearted days I would've felt schadenfreude (rich assholes waste obscene amounts of money on tacky shit, get burned, film at 11), but today I feel sorry for them. The whole thing is just sad. On the macro level, such a tragic mis-deployment of resources. And on the micro level, misplacing one's priorities on material things and finding out the hard way that it doesn't bring any meaning to your life…
I just bought my first house which is about half that size and even then it feels too big at times. But it's a house I can afford. Being mortgage free by 39 means I get the flexibility to decide what the next act of my life will be about (spoiler: my kids). All it cost me was, I guess, a pool, a hot tub, an extra car, etc.
On one of my harder-hearted days I would've felt schadenfreude (rich assholes waste obscene amounts of money on tacky shit, get burned, film at 11), but today I feel sorry for them. The whole thing is just sad. On the macro level, such a tragic mis-deployment of resources. And on the micro level, misplacing one's priorities on material things and finding out the hard way that it doesn't bring any meaning to your life…
Maybe someone could disrupt the ownership model here and invite a number of families to move in together?
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You can get a home warranty that will cover a lot of the systems in your home.
As someone who has been through the pain of using a home warranty I highly recommend against it. When we had one we found one of 2 things always happened: 1. Whatever broke wasn't covered by the warranty. For example on a fridge, the most common component to break is the compressor, and that's not covered by a home warranty because it costs just slightly less than the cost of a refrigerator to repair. 2. The warranty…
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Maybe someone could disrupt the ownership model here and invite a number of families to move in together?
I do not wish to live in that kind of complete nightmare. And there is no such thing as too big house. How can someone even come up with that. I encourage that person to move into 10m^2 room and live there for like 8 years or so.
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You're not accounting for equity changes. Even if you lost 20% of your house value you've paid down more of your mortgage than that.
On a typical 30 year mortgage you haven’t paid much principle in the first 5-10 years. So if you’re still down 10% (as some of those cities are), you could still be in the red.
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Not so much a disruption, but splitting these huge homes into duplexes is an easy ticket. HOAs and neighborhoods will fight it because "there goes the neighborhood"
The design of many of these doesn't really lend themselves into being split into duplexes.
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> Anecdotally when my parents bought their house in 1978, the $600 a month they were paying on their mortgage was a slight stretch. When they were in their last year in 2008, that amount was laughably small. Hopefully wage growth keeps up with inflation then.
That’s the beauty of a fixed mortgage. Wage growth doesn’t have to keep up with inflation. The mortgage stays the sane - the only thing that goes up is the property taxes and insurance. One of the few benefits of living in one of the most conservative suburbs of one of the more conservative states is their aversion to raising taxes.
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Rental contracts are not valid in the South and one party can unilaterally end the agreement for no reason? That really sucks, if so.
https://www.nolo.com/legal-encyclopedia/the-eviction-process... Georgia: " If a landlord does not have cause to terminate a tenancy early and evict a tenant, then the landlord must wait until the lease term has ended before expecting the tenant to move. In some cases, the landlord may still need to give the tenant written notice to move. " Month-to-Month Tenancy " If a tenant is in a month-to-month tenancy and the la…
Of course, there's no penalty if the landlord initiates it, but you lose your deposit if you do.
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For a family, 60 days to pack everythig you own, and move, while supporting everyone is not easy at best, and untenable at worst. When I was single this was not the case.
This doesn't pass the BS test, especially if you are local. I have moved across town; with a family and a day job, in around 15 days, with most of the move taking place the first 7. Out of town, I can see 30 - 45. It would require planning and a UHaul (if within 250 miles) and a semi-truck moving company if further out than that. It literally just takes a bit of planning and follow through.
Some people will never move at all because the thought of having to "go through all our stuff and pack it all" is too daunting.
I do not see how this possibly applies to renters though.