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I used to rent in Sunnyvale. After a few good years, the complex was sold and the new owners set about renovating the place. Contractors entered my home while I
by millstone 8y ago
I used to rent in Sunnyvale. After a few good years, the complex was sold and the new owners set about renovating the place. Contractors entered my home while I was at work, while I was asleep, while I was getting dressed, to install appliances I did not want or have space for. That's what drove me to buy.
Home ownership ought not to be a goal in itself, but it's much more than just a financial investment. It's about autonomy in your living space.
- ironjunkie 8y agoyes, there are a couple intangibles that cannot be calculated. The downside of that is that your investment is illiquid and that it becomes way more difficult to move.
- dragonwriter 8y ago> The downside of that is that your investment is illiquid and that it becomes way more difficult to move. It's not really much more difficult to move. It's potentially harder on either your cash position or credit rating (e.g., if you can't sell your house quickly), but you actually potentially have a very similarm with a residential lease if your timing for when you decide you need to leave doesn't likne up with the end of the lease.