Quote:
Originally Posted by Isaac Zachary
I still am not convinced I need to buy a home. Yes, I've complained about the problems from not owning one, like not being free to install an EVSE for whenever I get an EV
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Every complaint you've had about the affordability of housing is solved by owning. Also, so is every future complaint.
The 4 bedroom, 2.5 bath house I bought in 2010 still has the same ~$900/mo mortgage ($1,250 with taxes and insurance) as it ever has. I paid $217k for it then, and it's appreciated to over half a million now. I still owe like $100k on it, so I've got $400k in equity.
The enormous house we're currently living in went up $150k since we purchased a few years ago, and our ~$3k/mo mortgage/taxes/insurance will never really increase.
It's a hedge against inflation, and that's practically the only tool the government has to pay for things these days. The Inflation Reduction act isn't going to do anything to curb inflation; that requires not spending money we don't have.
Owning property isn't just about being able to install an EVSE, it's absolutely fundamental to financial stability.
Those on this forum who don't have much walking around money share the common attribute of not owning property.