Need not worry about maintenance/repairs. Had less space to clean/maintain and sufficient time to do other stuff. With big houses comes a lot of different things that tend to take a lot of our time. Not to mention interest and tax costs which can negate the equity you build (Unless home prices increase exponentially every year which is not the case). Also, it made sense to own a home when rates and home prices were low. Now it's double whammy with high rates and high prices. So homes are glorified shiny objects made to look glorified by Real Estate lobby who earn $$$ in commission and fees with every transaction. It's just a status symbol to show off unless you are buying a basic starter home which I guess no one working in tech does or wants to do.
Boohoo.
I agree, I think itās fine if you have a family or pets and need the space but I donāt see how people get into mortgages paying like 10k+ a month, youāre just submitting to corporate slavery and having to work for the rest of your life just to be able to have a roof over your head
Other side is always greener I guess. Been in a great apartment for 2 years, but constantly in depression about how I can never afford and probably missed the last chance to do so in 2022.
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Till you can hear the neighbors stomping above you
Weāve had both, downstairs neighbors complained about us. That sucked
Relatable! I stayed in apartment in Sunnyvale, Ca for 9 years and literally cried on last day of my stay before moving to a house.. I had tears when I was handing the keys to apartment manager telling how I would miss this place.. No worry about maintenance, trash taken automatically, repairs done quick and for free.. How we hear is the beauty of buying a house.. I may have given 200k to apartment over 10 years of stay as 2k rent approx.. that money I will never get.. Whereas bought a home which has appreciated by 200k already so if I sell I would get some equity and money paid as mortgage..
You also paid for your dinner last week. That money you will never get. š¢
You are counting only the rent paid. Have you calculated how much equity you would have built in those 9 years and what cost? What would have been the total interest, taxes and insurance plus maintenance and repair costs and increased power bills. And then homes also need more of everything (decor, furniture). You need to account for everything.
Many apartments are designed well in walkable communities and near businesses. Most homes are in car centric neighborhoods and they force you to have a car dependent lifestyle
On point. Itās a bit isolated living.
Did the home make you happier?
Meh
And Mr house dead?
Case of āshow me you live in Bay Area without mentioning you are from the bayā š¤£š¤£