4 ms·
Ah, home ownership. For so many people these days, all of those "work on the house" bonding activities they saw their parents doing are unavailable because the
by jlokier 4y ago
Ah, home ownership. For so many people these days, all of those "work on the house" bonding activities they saw their parents doing are unavailable because they don't own a home and don't expect to.
I grew up with seemingly all my extended family working on their houses one way or another. I saw a lot of it. Plumbing, electrics, knocking down and building new walls, repairing floors, plastering, painting, wallpapering, carpeting, fitting windows, pouring concrete, mixing cement, gardening and remodelling the garden, erecting sheds, countless other things and that's just some basics that popped into my head.
Many of those involved a team of extended family and friends working together on a project.
As an adult I've rarely had the opportunity to do anything like that, and certainly never anywhere I lived myself, due to renting and most people I knew renting for most of it.
Even putting up a small shelf or painting a wall have been against the rules at most places. I don't own a drill because there's nothing at home to use it on. So I have neither the skills nor a friendship group that tends to develop with that sort of thing
It's not from lack of interest though. I miss it, having seen so much as a child that I've been unable to even dabble with as an adult.
It's one reason I rent a small office for work. Unlike homes, some commercial leases expect you to do things like put up wall furniture, paint as you likr, replace carpets and doors and so on. There are limits to that but not as limiting as homes in my experience.
- dgfitz 4y agoI really do sympathize with people who can’t own a home, it’s terrible. My mortgage is 1300/month right between Baltimore and DC so it’s not like I’m out in the cut or anything. I’ve never experienced the “homes are too expensive to buy” situation, but maybe I’m just incredibly fortunate.
- mikepurvis 4y agoPost-2008 I think a big issue is down payments. Yes with 1% interest and 25 years you can turn a massive principal into reasonable payments, but how do you come up with 5% of it to get started? It's hard to save tens of thousands of dollars unless you're lucky in your career or have a second earner dedicated just to that (and no school loans or other debt to service). Other than that you're waiting for a windfall or reliant on your parents re-mortgaging their place to give you your down payment. I got lucky with my company's series A. But I know a lot of people whose parents helped them. And a bunch more whose parents can't— those people are still renting in their late thirties, waiting for a bus that may never come.
- fknorangesite 4y ago> I’ve never experienced the “homes are too expensive to buy” situation, but maybe I’m just incredibly fortunate. You are.