5 ms·
> and then you live in an out-of-the-way town with few ways to resell Why do we always buy/update our house for the next owner?
by floren 5y ago
> and then you live in an out-of-the-way town with few ways to resell
Why do we always buy/update our house for the next owner?
- Dylan16807 5y agoDesigning to resell at a high price is overrated, but wanting the ability to resell at all isn't a bad idea.
- romanovcode 5y agoYeah. What happened to passing the house in the family?
- MattGaiser 5y agoBy the time you end up dying nowadays, your kids have long owned a home and potentially your grandkids as well.
- LanceH 5y agoI've just been discussing this with my wife. We're thinking of just buying a bigger enough lot that we could build more than one house.
- redisman 5y agoI’ve also seen many older people sell the old big house and use the proceeds to buy a conveniently located condo and use the rest as their retirement fund
- ghaff 5y agoPeople are also often mobile and have different wants/needs in a house. There's a good chance that the family home isn't what they want need.
- bradlys 5y agoA privilege that few are offered. Most families have to sell the house before the parents die because the parents can’t even use the house anymore. Maybe it’s more common but it seems most parents die in a facility or some other special housing for end of life. They have to use that money they got from the house sale to pay for the end of life care. Basically, end of life care siphons off any chances of generational wealth unless exceptionally well off.
- watwut 5y agoAbility to move away, whether because you found better job or better location matter. And second house in place you don't care about is costing money on taxes and maintenance.
- PaulDavisThe1st 5y agoOptions, options, options. Knowing that resale will take 1-6 months rather than 1-6 years, maybe longer, means that if your life circumstances change (as happens to many people), you will be in a much better position to respond to them.