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> what would then be the point of home ownership having a place to live? Trading off potentially greater financial returns elsewhere for whatever one perceives
by PaulDavisThe1st 3y ago
> what would then be the point of home ownership
having a place to live? Trading off potentially greater financial returns elsewhere for whatever one perceives as the benefits of actual ownership?
It's not as if actual home ownership has made the USA so much better than the countries around the world where more people choose to rent.
- lotsoweiners 3y agoSure but being a homeowner can require huge amounts of money be spent on maintenance and upkeep that isn’t required of renters. Homeowners gladly (or grudgingly) spend a lot of money and time/effort in order to protect their investment.
- PaulDavisThe1st 3y agoCertainly, and that's one reason people choose to be renters. People in other parts of the world where real estate doesn't always/ever appreciate in value the way it has in the Anglosphere over the last 40 years also have to spend a lot of money and time/effort ... and they do it anyway.