Please then, old curmudgeons, explain to me the allure of home ownership. I’m a late 20s male and have absolutely zero desire to be a homeowner and it isn’t for lack of money.
Well the value of my home has nearly doubled. Eventually when I am retired I will move into something smaller and collect a bunch of money.
Will you get that from your rental?
How’s the value of your RV holding up?
Apparently, pop-up campers are considered RV’s now. Who knew?
In addition to what has been said, there are significant tax benefits to home ownership, assuming the home in question is where you actually live and you have a mortgage. Tax shelters are a good thing, unless you like paying taxes. Or perhaps all your money comes from passive investments that do not lend themselves to the income based deductions associated with home ownership.
Please then, old curmudgeons, explain to me the allure of home ownership. I’m a late 20s male and have absolutely zero desire to be a homeowner and it isn’t for lack of money.
If my knees weren’t bad and my back wasn’t hurting - I’d make you pay for that remark.
Please then, old curmudgeons, explain to me the allure of home ownership. I’m a late 20s male and have absolutely zero desire to be a homeowner and it isn’t for lack of money.
If my knees weren’t bad and my back wasn’t hurting - I’d make you pay for that remark.
Do you wanna borrow one of my canes, buddy? I have several. 
It’s not that they are into the lifestyle. It’s that that is the only house they can afford.
DING! DING! DING!
Also, look at where they are taking these RVs, most of which they cannot afford. They are not taking them out to woods to get away for a bit and bound with nature.
We bought our house in 2009 at $265,000. Today it would sell for around $500,000. I have no idea how we could afford that price.
1%er.
It’s not that they are into the lifestyle. It’s that that is the only house they can afford.
DING! DING! DING!
Also, look at where they are taking these RVs, most of which they cannot afford. They are not taking them out to woods to get away for a bit and bound with nature.
As stated, my house value has nearly doubled in 7 years. That’s ridiculous. So glad we bought when we did.
Please then, old curmudgeons, explain to me the allure of home ownership. I’m a late 20s male and have absolutely zero desire to be a homeowner and it isn’t for lack of money.
Said the millennial …
My maths is terrible. It’s been 8 years since we bought.
Must be nice to live in a mansion…
It’s not that they are into the lifestyle. It’s that that is the only house they can afford.
DING! DING! DING!
Also, look at where they are taking these RVs, most of which they cannot afford. They are not taking them out to woods to get away for a bit and bound with nature.
As stated, my house value has nearly doubled in 7 years. That’s ridiculous. So glad we bought when we did.
Home values aren’t appreciating like that around here, I can assure you. Hundreds of thousands are probably still in a negative equity position, having not recovered sufficiently since the 2008 housing market crash (that kicked off in 2007). Speaking honestly, had people around here put down more than 1% or 5%, at most, back in the go-go mortgage days they might not still be sitting in an upside down home. Add in the foreclosure property inventory and the zombie foreclosure inventory – both being homes not yet being fed into the housing markets for fear of depressing home prices, due to oversupply – and some housing markets in the U.S. may never fully recover.
A lot of homeowners in the region also apparently benefited from the Obama-era mortgage refinance and mortgage reduction programs (Making Home Affordable, etc.), which were all fee-free (the fees could be rolled into the refi) and came with very generous qualification terms, but that just started the home appreciation clock all over again with them.
Given the above, and knowing that millennials are sitting there watching all that homeowner misery, I can see why some may not be all that keen to wade into those turbulent waters.
Must be nice to live in a mansion…
Yeah. 3 bedrooms. Mansion…
Must be nice to live in a mansion…
Yeah. 3 bedrooms. Mansion…
For a half million bucks??? Fuck dude, you need to move out of Canada!
Why? I’ve got my house. And I am not going anywhere.
Why? I’ve got my house. And I am not going anywhere.
Of course you aren’t going anywhere. You cannot afford to living in Cannuckistan!
In addition to everything else listed, buying a home is an inflation hedge. Locking in a low mortgage guards against inflationary pressures (not a big deal now, but just wait…)
Well that and three bedrooms is enough. I don’t need or want a bigger house than this. More rooms more to clean.
Well that and three bedrooms is enough. I don’t need or want a bigger house than this. More rooms more to clean.
That’s the kind of loser talk I expected from a Cannuckistanian.
Must be nice to live in a mansion…
Yeah. 3 bedrooms. Mansion…
For a half million bucks??? Fuck dude, you need to move out of Canada!
We just bought our completely untouched 1958, 1200 sq ft, 4 bed, 1 bath house 2 years ago for 565,000. It’s now worth in the neighbourhood of 850,000.
Shit is bananas here in Canuckistan.
Keep in mind, that’s Canadian dollars, so, I think that’s still around the price of a happy meal in the good ol’ US of A.