Maybe Treating Housing as an Investment Was a Colossal Mistake

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by ghaff on Monday March 06, 2023 @01:50PM (#35045730)

Depending on what you include I figure property taxes, insurance, ongoing maintenance of my house and property are a good $1K/month (obviously with a fair bit of lumpiness for large projects). Some things you can postpone and some things you can trade money for your time & effort but it's still a non-trivial amount.

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by sokoloff on Monday March 06, 2023 @02:08PM (#35046044)

I'd love if all that was $1K/mo total. My property taxes alone are $1001/mo (for 2021; they went up a little bit last year, but I could quickly look up 2021 online).

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by ghaff on Monday March 06, 2023 @02:47PM (#35046617)

Property taxes vary a lot. Mine are about $350/month.

$1K/month is probably low for me though if I added up all the expenses a renter wouldn't generally have although a renter also probably wouldn't be renting a house like mine for an extended period so it's a bit hard to do apples to apples.

In any case, living in a house is very much not free even once you're paid off the mortgage--especially if you make an effort to prevent a lot of maintenance debt from accumulating.

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