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Unless you have an old house or a fixer-upper, how often do those things happen? My parents own their home and they don't have major finacial disasters at all...... home insurance, savings, proper and good maintenence and up-keep..maybe that does it..
Depends on the materials and the quality of instillation. If you have a new cookie cutter home you should be expecting these things more often. If you have an older custom built home where you vetted each contractor in nauseating detail and you pay for routine and preventative maintenance then you can probably count on a longer life span. You'll still need to pay for things that you can't easily quantify up front.
I never said anything of the sort. What I have said is that motels, hotels, rentals, condos and homes all have their places and the proper role for housing is to have a wide range of choices so that people can customize to their liking/situations.
So how come I can't find housing to suit MY liking? Surely American capitalism is capable of providing it.
I can pay $650 in rent for my home with a fenced in backyard. Or I can pay a mortgage, school taxes, sewer bills and pony up money in the case of a roof leak, a busted hot water heater, etc.
That's a tall order to fill, IMO. I've never owned a home, though I'd like to in the future. I just don't like when certain people try to say renting and owning are basically the same thing except the renters are wasting their money. It isn't the same.
Depends on the materials and the quality of instillation. If you have a new cookie cutter home you should be expecting these things more often. If you have an older custom built home where you vetted each contractor in nauseating detail and you pay for routine and preventative maintenance then you can probably count on a longer life span. You'll still need to pay for things that you can't easily quantify up front.
owe u a rep. people here posting are talking about their parents homes...once you own it....Its is ALL yours, complete with plumbing problems, heat and insulation issues in winter and maintenance.
Home inspections are a sham, basically they dont look at mold, water issues, flooding etc. Mold litigation is a big issue in Chinese drywall homes now.....and ur house isnt worth the swamp its built on. (many legal issues with poor "new construction" google "Orth homes")
If you plan on living in the same home for 50 years, its worth it. But no one plans for disasters, storm damage, divorce etc. And in America most move after 7 years...its not like the old days people lived in same house for generations, unless its a vacation home already paid for.
That said, speaker in OP video has no right to tell people what they should want or not.
No big deal if you want to rent or own, I perfere to own myself, no landlord to deal with and the key to upkeep is to update before your forced to whether you own of rent.
No big deal if you want to rent or own, I perfere to own myself, no landlord to deal with and the key to upkeep is to update before your forced to whether you own of rent.
Very true, and preferably in the slow season for the contractors like when it's mid 70's during the day for your HVAC replacement. Not around thanksgiving or winter for your plumber. Not in winter time for your insulation expert. Ect ect ect...
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agree
most people want a house if they have a family. 
