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Forum » Why do people act like homes aren't money pits?
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Thread: Why do people act like homes aren't money pits?

post 1703880811 07-19-2024, 12:13 PM
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#31
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Originally Posted By Issobolic28⏩
OP has never heard of a someone getting a home inspection beforehand.
Home inspectors always do a wonderful job. They never miss anything.
post 1703880871 07-19-2024, 12:15 PM
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#32
  1. Polaris
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Originally Posted By WoofieNugget⏩
Home inspectors always do a wonderful job. They never miss anything.
Oh...guess it's better to be a rentcel then.
post 1703880901 07-19-2024, 12:16 PM
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#33
  1. Issobolic28
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Originally Posted By Cleveland33⏩
not surprising that repairs would scare him - bet he's never turned a wrench
Some people actually like buying older homes; because it has character, or whatever. And with that said, they expect that hvac and plumbing need to be replaced. But OP thinks people are stupid lol.
post 1703880981 07-19-2024, 12:17 PM
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#34
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Originally Posted By WoofieNugget⏩
Home inspectors always do a wonderful job. They never miss anything.
Hire someone who comes with good referrals.
post 1703881121 07-19-2024, 12:20 PM
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#35
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Originally Posted By WoofieNugget⏩
Riiiiiiight.

Even if this was true, a 23k square foot house would be a ridiculous waste of money unless you're running a boarding school. What you described isn't even close to that.

Spoon pics incoming, I'm sure.
You'd be suprised how quickly the space adds up.

600sqft bedroom + 200sqft bathroom + 200sqft closet = 1k sqft per bedroom suite, then you have 1k+ kitchen, dining, living rooms, 5k for gym + pool etc

These aren't the specs, but it serves to illustrate the point: draw a 3x3 grid of 1k rooms, add a second floor and make the centre square double height. That is 17k, then adding a wing with a gym and pool takes it to over 20k.

You don't have to build a mansion style house withlotsof rooms to have a house that large; you just have to have large rooms.
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post 1703881831 07-19-2024, 12:38 PM
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#36
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Originally Posted By IPoopStandingUp⏩
My house has had some maintenance costs but they so far don't add up to the hundreds of thousands of dollars it's gained in equity.
This. I have made money on EVERY house I have owned. Most of the mortgage payments I have had were cheaper than renting.
I made almost 300k when I sold my house in Texas and probably did less than 20k in upgrades. (not counting my labor - do most of my own chit)
That's 300k in 5 years for paying the equivalent of rent, having a place I owned, and could do whatever I wanted to it without having to ask somebody's permission.

fkin rentcels I swear.
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post 1703885781 07-19-2024, 02:17 PM
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#37
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Originally Posted By DuracellBunny⏩
A house is like a tuxedo; a rental never quite fits properly. You either buy one and have it tailored, or, if you have the time and money, have one made for you.
fuuuuuark
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post 1703886461 07-19-2024, 02:36 PM
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#38
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Originally Posted By kcadrenalin⏩
This. I have made money on EVERY house I have owned. Most of the mortgage payments I have had were cheaper than renting.
I made almost 300k when I sold my house in Texas and probably did less than 20k in upgrades. (not counting my labor - do most of my own chit)
That's 300k in 5 years for paying the equivalent of rent, having a place I owned, and could do whatever I wanted to it without having to ask somebody's permission.

fkin rentcels I swear.
depends on the neighborhood.

If its a decent neighborhood, it'll go up a bit.

If its an above decent suburb, you'll never lose money living in it and taking care of it. In fact, this is really where people should aim to be.

Now, if its a chit neighborhood like mines, the value of the house goes down lmao.

Again, if you aim to be a home owner, look to spend 300 to 500K for a house. The value of it goes up every year.

I wood also aim for a nice neighborhood without a very strict HOA so that you can maintain and add value to the house without having to go through a ton of trouble.
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