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12:21 PM on 07/19/2013
Home ownership sounds like an absolute nightmare to some of us, and I'm in that group.

None of my friends who own homes are happy, and of course, none of them can get rid of the house right now. And among them, the single women who bought homes are the MOST unhappy about it...they took on a physical reality that they had no experience with and are in over their heads, and as a result, they each spend a small fortune paying others to do everything. I find the entire cycle depressing.

I grew up with the idea of home owership as some kind of holy grail of adulthood...no thanks, I'll pass!
03:10 PM on 07/19/2013
I am one of those single women. I call it my prison. It does depend on the house one buys (condo, small yard, and new are ideal). After two houses that need constant work and my money going to others to work on it and being a bit upside down after ten years....BLA!
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FairnessFairy
Happy is Kryptonite to hate.
10:37 AM on 07/19/2013
Good post.
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10:02 AM on 07/19/2013
In these days where housing no longer holds the promise of forced savings, the decision of whether to buy or rent is often just a question of opinion of whether it's a good investment or not, not unlike any other savings decision, such as how much to put away for college and in what kind of instrument.

So, to get to the essence of the rent/buy decision, one needs to dig a little deeper. "Houses always need fixing" can mean anything from frugality to fear of commitment. The suggestion of "How about a condominium with a home warranty?" would help narrow that one down.

My hunch is that these days where "the milk is free," where women are no longer homemakers, where the cost of divorce is still a male issue, the male desire for commitment is at an all-time low. Black men in urban communities (where there's a 70% out-of-wedlock birthrate) and many other men across the country (where the out-of-wedlock birthrate is 40%) have already figured that one out. If a guy complains that he doesn't want to fix the house, he is saying that he doesn't want the responsibility and commitment of a house. There's always free milk elsewhere.
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rswarner
vet, attorney, teacher
09:37 AM on 07/19/2013
Home ownership is now just one big anchor. Becoming an indentured servant might make better sense.
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ladywindsor1
10:32 AM on 07/19/2013
buying and selling every few years has been lucrative for me. By the next house, I now own a house with no debt and have a rental unit. I am single. I DIY or hire it done.
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rswarner
vet, attorney, teacher
10:47 AM on 07/19/2013
"ladywindsor1" - Liquidity and mobility are key to our young folk's future. I just don't agree.