Housing

Buy house only if you are filthy rich 🤑?

Apple nmgfd
5d

Apartments (even the ones which you can buy) these days give you so many amenities, such as, swimming pools, gyms, basketball courts, tennis courts, large common areas to throw parties 🎉.

Do you think, you should buy a house only if you are rich and can at least afford few of the above amenities within your house/mansion? Or, do you think it’s ok to still live in 1980’s house?

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  • Intel Jopdi(78
    Plus the benefit of hearing your neighbors fuck
    5d1
    • Microsoft :nope)(4
      I take that as a challenge and compete with them...
      5d
  • Lyft swetool
    You sound like you’re a 12-year-old child
    5d0
  • Oracle ypoint
    If rents were tax-deductible, many more would rent.
    5d9
    • Intel Jopdi(78
      They are tax deductible - for the owner.
      5d
    • Microsoft pJcW86
      Yes thank you renters for paying for my mortgage and giving me tax deductions and making my TC appear lower.
      5d
    • Oracle ypoint
      That's why home-ownership is high. Calls for tax-reform, doesn't it?
      5d
    • Intel Jopdi(78
      Yes, what we need in the Bay Area is less incentive to build housing supply.
      5d
    • Facebook public2
      Shhhh don't mess with taxes or prop 13 please. It's uhhmazing
      5d
    • Oracle ypoint
      You'll have a hard time downsizing... But, I guess no one looks as far as retirement.
      5d
    • Facebook public2
      Simple, never sell.
      5d
    • Intel Jopdi(78
      Prop 13 is hilarious because it sounds awesome until you realize it’s pretty comparable to the amount of people in neighboring states pay in property taxes when you take into account the cost of housing. Except for those who bought their house in 1978.
      5d
    • Facebook public2
      Seattle property taxes increased 17%, ca 2%. Hilarious indeed.
      5d
  • OpenTable Meliodas
    And, when you want to change the exterior color, put in a garden, or go naked in the pool?

    Cherry picking from your own limited world view is silly.
    5d2
    • Apple nmgfd
      OP
      Going skinny dipping is a very good point! Though, I never want to do that
      5d
    • OpenTable Meliodas
      It’s more fun as a group activity.
      5d
  • OpenTable HmpQ88
    Single family homes shouldn’t exist
    5d1
    • Intel Jopdi(78
      Agreed - we need to mandate Mao dwellings
      5d
  • Amazon / Eng:!
    Buy an apartment and pay $2000 monthly for HOA? Nope
    5d0
  • Facebook / Eng
    fb2017

    FacebookEng

    PRE
    Google, Oracle
    BIO
    worked at Oracle, then Google, now Facebook.
    fb2017more
    Apartments raise your rent every year.
    5d0
  • Facebook public2
    Houses aren't for everyone but for some of us we enjoy the ability to do whatever we want, appreciate the tax incentives, and any appreciation in value is icing on the cake. I bought my first house when I was poor and it helped make me filthy rich if that helps.
    5d0
  • Twitter zExo21
    Houses are a pain in the neck. Maintenance is a huge time/money sink, and in reality, I don’t even use those extra bedrooms. Condos are just fine - people that make a fuss about “noise” either never lived in a city or never worked in a tech office.
    5d0
  • Twitter
    Brahmann

    Twitter

    PRE
    Adobe
    Brahmannmore
    I recently bought a house and this is what I realized in a hard way. If you rent an apartment, you have access to gym, pool etc. Also don't forget apartments are more secure. No package theft problem. Townhouses or individual houses all of these problems.
    5d0
  • Microsoft grootish
    What if you could buy an apartment with an HOA around 300$ ? That is the best of both worlds
    5d3
    • Intel Jopdi(78
      Why not just pay for a gym membership with a pool for $100/month?

      Apartments with pools/common areas have about as much incentive to provide good service as a restaurant inside a hotel.

      Also, you never make as good of friends with neighbors who rent vs own because they are more likely to move.
      5d
    • Microsoft grootish
      House ownership has a lot more costs. With every season there is a laundry list to run through. I would say it comes to
      About a few hundred dollars a month.
      5d
    • Intel Jopdi(78
      Yep, about 1% of the value of the house per year. There are almost always “Capital Adjustments” (one time fees) for condos/apartments with an HOA for things like roof replacement, etc, because they have a strong incentive to undercount their costs when selling the units initially. That usually also comes to about 1% of the value of per year when amortized correctly.
      5d
  • Microsoft pJcW86
    You can dig a swimming pool in your own SFH. Can't do that if you're renting.
    5d0

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