Comments on: When Owning a Home Isn’t Always All It’s Cracked Up to Be

By: kx 125 maintenance

kx 125 maintenance — Wed, 23 Jul 2008 19:51:18 +0000

[...] about 125% of the mortgage bill, realizing the other 25% would go into 125 (at least for a while).http://genxfinance.com/2007/10/30/when-owning-a-home-isnt-always-all-its-cracked-up-to-be/Elmhurst Chamber of Commerce – News & NotesSynergistic Networks, Inc. Marketing Consultants … [...]

By: The Best of Generation X Finance From 2007 : Generation X Finance

The Best of Generation X Finance From 2007 : Generation X Finance — Mon, 31 Dec 2007 17:24:29 +0000

[...] When Owning a Home Isn’t Always What It’s Cracked Up to Be [...]

By: Rob in Madrid

Rob in Madrid — Sat, 10 Nov 2007 10:47:27 +0000

Generally it’s a better to own than to rent. In some places rent is much much cheaper than owning. Biggest problem is for first time home buyers is to get in the market is a huge stretch. Very very few people have a 20-25% down payment on a house.

I’ve seen long discussions elsewhere about the merits or renting vs buying and generally regardless of numbers most people want to own. (myself included)

What puts me off of owning (at least in Canada US and UK) is property taxes upkeep etc. Generally in Europe property taxes are very very low.

By: Jeremy

Jeremy — Wed, 07 Nov 2007 15:22:31 +0000

Great comments, everyone. Just an update on the furnace, we were fortunate enough to end up only paying about $200 to fix it. The igniter cracked and wasn’t sparking.

By: The Money Post

The Money Post — Wed, 07 Nov 2007 11:47:20 +0000

In addition to unexpected expenses, you have to keep in mind lost time spent on upkeep. I probably spend around 10 hours a week, improving, maintaining, and fixing little things around the house. I’m happy to own, but time = money.

By: Dan

Dan — Wed, 07 Nov 2007 04:48:17 +0000

Long term capital appreciation is all about planting as many seeds as you can, of which a house is one. Bonds, stocks, cash, your career are others. spread your money out, some will grow better than the rest but just like a garden you can’t always know which area will bear the best fruit. hedge your bets and everything will work out.

oh, just don’t go too crazy on the house. I see to many fellow GenXers in silicon valley buying way to big of a house. We bought smaller than we could have afforded, have still seen good appreciation and live with mortgage that wasn’t all that much more than our rent (yes, all the rest of the stuff adds up but then again 50% of my rent didn’t go back to me).

best chapter of whether to rent or buy is chapter one in “home buying for dummies”… read it and do the excercise on TCO about 30 pages in.

By: The Sunday Review #45

The Sunday Review #45 — Mon, 05 Nov 2007 12:46:10 +0000

[...] When Owning a Home Isn’t Always All It’s Cracked Up to Be by Jeremy @ Generation X Finance. [...]

By: Personal Finance Review - Money Sucks Edition » Money Smart Life

Personal Finance Review - Money Sucks Edition » Money Smart Life — Mon, 05 Nov 2007 02:57:42 +0000

[...] -When Owning a Home Isn’t Always All It’s Cracked Up to Be @ Generation X Finance [...]

By: Matthew Paulson

Matthew Paulson — Sun, 04 Nov 2007 21:35:14 +0000

I think homes end up not being a good thing for a lot of people since they buy one before it makes financial sense to do so… Barely anyone buys a home with a 20% down payment anymore, and most people spending the maximum amount of money their lender will let them…leaving them little to no cash to take care of the things that just happen when you own a home.

By: Weekend Linkage | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing

Sun, 04 Nov 2007 19:16:55 +0000

[...] your own house is nice, but there are some downsides of realizing your home ownership dream, said Jeremy at Generation X [...]