Re: [C-L] affordable housing | <– Date –> <– Thread –> |
From: Sharon Villines (sharonsharonvillines.com) | |
Date: Sat, 4 Jan 2020 15:57:49 -0800 (PST) |
> On Jan 4, 2020, at 5:25 PM, Brian Bartholomew via Cohousing-L <cohousing-l > [at] cohousing.org> wrote: > Let's count what it means to keep a house well-maintained: Re-roof > every 20-30 years. Open the walls and re-plumb every 30-something > years. New kitchen and washing appliances every 10 years. New > heating and air conditioning appliances every 15 years. etc, But if you rent you pay the same costs as rents rise. When you put an effort into a home you own, and the neighborhood increases in value, your property also increases in value. If you rent and don’t increase your income at the same rate, you have to move. You lose your neighbors and your sense of place. Housing costs. The choice is whether you want to be building value or building someone else's value. If you look at the rent/own calculator for those who already have a lot of disposable income or savings, investing that money in the market or even in rental property may very well put them ahead in the end. Particularly if you are a millionaire living in a rent controlled apartment. The calculations that a person can rent for $1000 and put another $1000 or even $500 in the bank is not likely to be the case. Whether you pay the $1,000 in rent or pay it in interest on a mortgage makes a huge difference in time. All of this assumes a good choice of real estate and no disasters in the housing market at the moment you have to sell to follow your job. But if you are renting you will have the same problem because landlords will raise their rents to cover their costs. You will move down the housing scale. Some where there are estimates based real costs of owning a home in various price ranges. Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
- Re: affordable housing, (continued)
- Re: affordable housing rphilipdowds, January 3 2020
- Re: affordable housing Lynne MARKELL, January 4 2020
- Re: affordable housing Ron Ingram, January 3 2020
- Re: [C-L] affordable housing Brian Bartholomew, January 4 2020
- Re: [C-L] affordable housing Sharon Villines, January 4 2020
- Re: [C-L] affordable housing Ron Ingram, January 4 2020
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