3 ms·
Owning a home is as much responsibility as having infant which never grows up, can never be potty trained. There are thousands of things that need to continuous
by thelastgallon 5mo ago
Owning a home is as much responsibility as having infant which never grows up, can never be potty trained. There are thousands of things that need to continuously monitored and maintained. Time, money, mindspace and the stress are the huge operational costs of owning a home. Property taxes, insurance and repairs/maintenance, these three are increasing YoY will cost 3X the initial cost over a 30 year mortgage.
There is no incentive for homebuilders to build better homes, once they sell, they don't deal with the ongoing costs in multiple dimensions.
- tim333 5mo agoI'm not sure that's true. I own a flat in London and a couple in Spain. With the Spanish ones I have to do something every few years. I gather infants require more maintenance than that.
- jvvw 5mo agoHaving owned a house for two decades (well two houses because we moved) and having two children, I would say that owning a home feels like a doddle in comparison :-) I haven't done the sums to compare expenses, but when they are young childcare/lost earnings is definitely more than insurance/repair/maintenance costs (and tax, although in my country you pay tax as a tenant too).