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I think I'm quite satisfied with two new-built houses (the last one and the current one), hiring handymen for little things and landscapers for that. No troubles at all with owning (since 2001. Before that, the crumbling cottage I'd bought was... crumbling and constantly a problem. It was a tear down and I couldn't see that. Any idiot could have seen that).
I have no interest in price appreciation. I do have an interest in securing my housing and being able to forecast what increases there will be (taxes, etc). Also, renting isn't usually the quality of life equivalent of owning (with or without mortgage). I have never felt that much at home when renting and never had a house. But then, I was living in the urban real estate wars of the 1980s in Boston.
Right. I believe there's an emotional attachment when owning your house. It is YOUR house. You don't need to ask for permission to paint, upgrade, or the little changes just making your life better. There's also the security knowing it's YOUR house. You're legally protected from someone trying to kick you out or increase your payments, as long as you make your mortgage & tax payments on time.
I've always say a house is not a home until you put in the love & care into it. You will not put in that love & care into it if it's a rental. It's called the pride of ownership. I "want" to be proud that my yards & lawns are manicured and look good. That's why I don't mind putting the sweat on weekends to make my house looking good.
OTOH, I see the apathetic attitude renters have toward the house they rent. They will let the lawn die and turned brown. I asked them why don't they water the grass and the answer I get back are often "why? This is NOT my house", or "I am not going to pay the water bill to water the grass".
It's basic human behaviors on how you will take care of things in relation to whether you own them vs renting them.
Actually I have to admit we have a better quality more trouble free life renting ….I miss our deck and yard but I don’t miss all the constant chores , work and repairs ….we have to devote zero time to our apartment….
We do have a terrace with our apartment and on site pool and tennis courts
No worrying about snow , gardening , landscaping either …..life as far as housing is transparent to us and trouble free.
Just like living in a hotel... but not as nice or convenient.
Right. I believe there's an emotional attachment when owning your house. It is YOUR house. You don't need to ask for permission to paint, upgrade, or the little changes just making your life better. There's also the security knowing it's YOUR house. You're legally protected from someone trying to kick you out or increase your payments, as long as you make your mortgage & tax payments on time.
I've always say a house is not a home until you put in the love & care into it. You will not put in that love & care into it if it's a rental. It's called the pride of ownership. I "want" to be proud that my yards & lawns are manicured and look good. That's why I don't mind putting the sweat on weekends to make my house looking good.
OTOH, I see the apathetic attitude renters have toward the house they rent. They will let the lawn die and turned brown. I asked them why don't they water the grass and the answer I get back are often "why? This is NOT my house", or "I am not going to pay the water bill to water the grass".
It's basic human behaviors on how you will take care of things in relation to whether you own them vs renting them.
I agree re: having an emotional attachment to a house. I would never buy a house that I couldn't form an emotional attachment with, which is partly why I like older homes. I've put so much effort into the house and yard in the 3 years since I've been in this place. It has been a chore to create and plant 17 garden beds and add a waterfall and pond in that time period, but I've enjoyed the process and the results. The neighbors have even thanked me for making the house and yard look so nice, which is gratifying.
Since the purchase price of the condos seems pretty reasonable, there must be some other fees tacked on. How much would those be?
Not sure if I could live in 1300 sq ft but I'm curious. Thanks.
Real estate taxes about 6800-7000 a year
Hoa about 800-900 a month .
In comparison my son is in the area and has a single family home …..1.25 million and 31k a year in taxes alone , plus all the maintenance and repairs.
It just cost him 30k in repairs when the sewer pipe broke under the porch where it enters the house and it flooded the first floor and the basement ..insurance paid 12k
In comparison my son is in the area and has a single family home …..1.25 million and 31k a year in taxes alone , plus all the maintenance and repairs.
It just cost him 30k in repairs when the sewer pipe broke under the porch where it enters the house and it flooded the first floor and the basement ..insurance paid 12k
Thanks... Yeah, maybe I'll stay in Arizona... The tax on my $2.3m house is $8k a year.
Thanks... Yeah, maybe I'll stay in Arizona... The tax on my $2.3m house is $8k a year.
What about the taxes of your SF house?
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