Exactly why I wrote an article about why people might not be ready for home ownership... you worded it perfectly... it is just the starting point. I still wouldn't have done it any other way but people should go in with eyes wide open. And yeah...HOAs would be a no go for me too.
Well said, Darnell. I'm five years into home ownership and certainly had a lot to learn over that time, especially the first year. Besides the costs, I bore the significant mental labor of figuring out how all the systems in the house worked plus learning who I could and couldn't trust for repair work. It's nice to be building equity but it isn't free! Another reason to be methodical and conservative in financial planning.
Exactly why I wrote an article about why people might not be ready for home ownership... you worded it perfectly... it is just the starting point. I still wouldn't have done it any other way but people should go in with eyes wide open. And yeah...HOAs would be a no go for me too.
Well said, Darnell. I'm five years into home ownership and certainly had a lot to learn over that time, especially the first year. Besides the costs, I bore the significant mental labor of figuring out how all the systems in the house worked plus learning who I could and couldn't trust for repair work. It's nice to be building equity but it isn't free! Another reason to be methodical and conservative in financial planning.