49
I wanna own a house (lemmy.world)
submitted 7 months ago by to c/justpost@lemmy.world
13 comments fedilink hide all child comments
 

I am tired of renting it. This doesn't feel safe

you are viewing a single comment's thread
view the rest of the comments
[โ€“] 17 points 7 months ago (5 children)

Owning a home can have similar issues, where the boiler, pipes, roof, septic tank, etc. can all need to be replaced at random times, and they can be suddenly very expensive. Ultimately with renting you have the flexibility to go to an entirely new market if the juice stops being worth the squeeze in your area.

  • permalink
  • fedilink
  • source
  • hideshow 10 child comments
    •
  • [โ€“] 5 points 7 months ago

    Bingo. I replaced my water heater ~2 years ago. Then my boiler last fall. Next up is the roof this spring (probably should have scheduled it in October, but that's water under the bridge). The dishwasher broke this weekend, too.

    Most of the time it's fine. Sometimes it all adds up, ugh.

  • permalink
  • fedilink
  • source
  • parent
  • [โ€“] 2 points 7 months ago* (1 child)

    By the mere fact that renting out a house is profitable means that you as a renter can already afford these and you're buying them for someone else. You can also sell a house. When buying a new one you'll only be taxed if the new house is chapter than the previous ๐Ÿคท

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •