3 ms·
They are naive - period. Home ownership is severely overrated. It makes it harder to change jobs when you need to move.
by scarface74 4y ago
They are naive - period. Home ownership is severely overrated. It makes it harder to change jobs when you need to move.
- prepend 4y agoI think this is much easier now with remote work. Selling a house is hard. Owning has downsides. But the upsides almost always outweigh the downsides. If you plan on moving every year or something, then buying will be bad due to the transaction costs. But even if you move every 5 years, it’s possible that owning will be better in the long run.
- scarface74 4y agoThe people who are priced out of affordable homes aren’t predominantly those that can work remotely.
- prepend 4y agoI disagree as there are many $12-40/hour jobs in customer service that are remote and can get $100-200k houses in the middle of nowhere. I live in an area with lots of rural space within 2 hours drive. Remote work has been helpful for people who are “computer savvy” and deal with being in a remote call center.
- scarface74 4y agoYes and that still doesn’t help teachers, firemen, public service workers, factory workers, health care workers, and all of the other people who can’t work remotely. And there was just another post here within the last couple of days about how many of the remote customer service work jobs require unpaid training, inconsistent hours and are a race to the bottom.
- prepend 4y agoYou’re right. I was just pointing out how this risk is lower now than 10 years ago. It’s not completely eliminated. There are remote jobs of varying quality. But they are much more prevalent now, than 10 years ago.
- forgotusername6 4y agoThis argument is losing its edge. Working from home being mainstream now means you don't need to move around as much. Not that you ever needed to sell up in order to move. As a kid I moved around a lot when my father changed jobs. We rented in each new place but the family home was kept (and rented out).
- neither_color 4y ago> Working from home being mainstream now means you don't need to move around as much. It's not really mainstream. For tech workers and middle management maybe but certainly not blue collar, medicine, retail, transportation, HORECA, etc. For perspective, the majority of adults in the US don't have college degrees, narrowing down their opportunities for work that can be done via Zoom. It was a deep point of resentment between the cozy work from home laptop class who could have all their needs met through delivery apps and everyone else during lock-downs.
- seattle_spring 4y agoOwning a home is a better experience in almost every way - "period." Source: have owned several homes and would never, ever go back.
- rcpt 4y agoI agree that leveraging 5x your net worth into a single asset in a single location who's value is wholly outside of your control has been working out well for many Americans. But I'm not sure I'd envy people who bought in 80s Japan.
- seattle_spring 4y agoMy point has literally zero to do with the financial aspect. Being beholden to a landlord fucking sucks, and I'd pay any amount of money to be out from under their boot. The financial gains I've gotten from homeownership over the last decade are just gravy.