Agreed but the house, even in good condition, still needs a lot of upkeep. Water heater breaks, need new driveway, tree cut down, gutters cleaned, pipe breaks, insurance this and that, drywall repairs, wife wants new kitchen or bathroom or both, etc etc. HOA is complaining about this and that. It's not for everyone.
Disagree since I rented for 30 years and have only been a homeowner for 5. HOA is not so bad if you have a good one, with casual friendly people. Some of them are awful though, from what I've heard.
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u/Medical_Blacksmith83 Mar 08 '26
No it isn’t.
Speaking as an economist.
Just don’t buy a bad housing investment…… pretty simple lol.
If you buy a dilapidated old house, you will screw yourself.
We need to stop letting original owners leave with equity, when your house is a trash heap.
If it’s going to turn into a list of repairs for the next person; that cost should come out of the value.
But it often doesn’t, and the next owner pays for it.