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Well done. My father was a realtor, and taught me early to distinguish between House and a Home -- the former is a physical thing, an investment, and is your H
by kerneloftruth 5y ago
Well done. My father was a realtor, and taught me early to distinguish between House and a Home -- the former is a physical thing, an investment, and is your Home while you're living in it; the latter is a precious concept, but a separate one. I'm grateful for him teaching that wisdom to me and my siblings when we were younger.
- beckman466 5y ago> distinguish between House and a Home -- the former is a physical thing, an investment so a 'house' is 'someone else's Home that you happen to profit from heavily'?
- kerneloftruth 5y agoSome people own their home, others rent it. Different situations suit different people.
- beckman466 5y agospoken like a true 'property investor'? if you are trying to tell me that you don't recommend your closest friends and family to buy their own houses, you've really not convinced me.
- leetcrew 5y agonot GP, but I'd recommend buying to some friends/family and renting to others. it depends a lot on how long they plan to live there, the local price-to-rent ratio, tolerance for risk, and desire to make significant modifications to the structure. but I'd err on the side of renting.
- kerneloftruth 5y agoI very much recommend ownership over rent. However, purchase is sometimes not practical, out of reach, or just not desired. I've myself been in steep markets (California) where I rented for years while I saved up a down payment.
- deleted 5y ago[deleted]
- deleted 5y ago[deleted]
- jawns 5y agoWe passed on buying several houses that would have been perfect for our (somewhat unconventional) needs, but would have been very hard to sell. Instead, we bought a house that isn't perfect for our needs but will be easy to sell, because it has multiple in-demand features that don't really matter much to us, but matter to a large swath of buyers. Perfect example is a childless couple who can buy a house in either a good or bad school district, with commensurate taxes and property values. They might think they're getting a steal by going with the house in the bad district... until it's their turn to sell the house.
- jjoonathan 5y agoYes, it's the optimal strategy to exploit the idiotic game we play and get the best of the others trying to play it. Calling it "wisdom" seems a bit tasteless, though.