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This is correct. The population is growing faster than new homes are being built, especially in hot economic regions that people are migrating to for the promis
by phendrenad2 5y ago
This is correct. The population is growing faster than new homes are being built, especially in hot economic regions that people are migrating to for the promise of a better job (CA, NYC, Seattle, Denver). It's always implied that this is a problem, but renting is fine. Home ownership is just a form of renting where you stop paying the mortgage at some point, and keep having to pay the property tax and HOA dues. Some people seem to think that passing a home down to their children is better than passing money down, but I don't see how that makes any sense.
- baash05 5y ago100% agree.. Home ownership sort of sucks in some ways.. I like to go home and not worry about the plumbing, or grass, or if the rain was going to impact the solar panels. Now when I owned my first place, I spent my weekends putting in new floors. I painted every room, and helped redo the plumbing. Months of lost weekends, and about 15k... So when we sold I was rather happy. We got 30k over what we paid. Then the agent after 2 days work took his 17k slice off the price. And so now that 30k was down to 13. So weeks and months of work and net profit - 2k.