5 ms·
1. Housing does not need to be finite, that's a huge part of the problem. Municipalities choosing for housing to be finite / constrained. 2. Have you never own
by fastball 5y ago
1. Housing does not need to be finite, that's a huge part of the problem. Municipalities choosing for housing to be finite / constrained.
2. Have you never owned a house? Houses break down all the time.
- sillysaurusx 5y agoHouses break down, but they don't literally become totaled, the way a car or food does. I don't get the comparison. And obviously I've never owned a house. I'm 33. Only boomers own houses.
- xboxnolifes 5y agoTotaled doesn't necessarily mean completely destroyed. It just means the cost to repair is more than the value of the item. It is entirely possible for a house, or even a plot of land, to cost more to repair than it is worth. It's a bit more complicated, since location isn't entirely fungible, but I'd argue most people are willing to live in more than one specific plot of land.
- WalterBright 5y ago> they don't literally become totaled, the way a car or food does Yeah, they do. When the cost of repairs and renovation get too much, the house is 'dozed and a new one built. Happens all the time.
- mjevans 5y agoSome of them own multiple houses and rent them out as literal rent-seekers. Our tax code should give benefits for houses lived in for 35% or more of the year, but classify as a completely different category investments; and tax them accordingly harshly.
- dannyw 5y agoThe US tax code intentionally taxes investments and dividends at about half the rate as income.
- eatYourFood 5y agoI bought my first house at 31. I moved to a slightly cheaper area outside of the city and worked remotely for the same salary. I also made sure my partner made similar money as me. I’m clearly not a boomer. What’s your excuse?
- ant6n 5y agoHow about not wanting to move away?
- eatYourFood 5y agoThat’s your choice. I would imagine most people want things they cannot afford.
- DeathArrow 5y agoBuy bought you meant that you had the cash and gave it in exchange of the home or did you make a loan? If the latter you can only consider you've bought a home only after you finish paying for it.
- eatYourFood 5y agoBought 80% for cash then quickly paid the rest off - have since sold .
- bombcar 5y agoHouses require an ungodly amount of maintenance that is rarely if ever properly accounted for. Why do you think large rental firms only want to rent out corporate properties or large apartments? The average homeowner should expect to spend between 1-5% of their house value in maintenance a year - and that amount begins to climb as the house gets older.
- jjav 5y ago> The average homeowner should expect to spend between 1-5% of their house value in maintenance a year - and that amount begins to climb as the house gets older. This is completely untrue. For a $1M house (basic small home in the bay area), you'd be looking at 10K-50K in maintenance per year! I can't begin to imagine how one could spend that kind of money even if you tried really hard. Unless you buy a fixer upper, maintenance costs are minimal. Paint sometimes, the occasional water heater replacement, a sprinkler tube leak here and there. In 2021 so far I've spent a grand total of $409.61 in house maintenance. As a long-time house owner (>20 years), it's a fairly typical year. I do spend 2-3K a year on improvements, but those are strictly optional, things I do because I like.
- rwmj 5y ago> Houses break down, but they don't literally become totaled Welcome to the UK cladding crisis: https://www.bbc.co.uk/programmes/p09myyk1 https://www.bbc.co.uk/programmes/p09myyk1
- jjav 5y ago> 2. Have you never owned a house? Houses break down all the time. Barring a natural or human-induced disaster, houses don't "break down".