A blog I follow called Greenimalist had an interesting article today that tied into several conversations I’ve had this week with various persons. Is buying a home worth it?
My conclusion is: Only if you are definitely looking at it for the long-term and you enjoy DIY jobs. A house is not an investment, a home is really just shelter, it was never meant to be a savings account, or a credit card, as some people used it.
As part of a couple we are now saddled with two homes. One house we don’t live in but I like, one house we live in but neither of us particularly cares about. Neither of us likes DIY or doing maintenance in any way. I enjoy decorating and minor remodeling if I have the funds. I think condo living might have been a better bet for us. Frankly, if we didn’t have the three dogs, I’d consider renting again, forever. I know you can rent with dogs, but it still limits what we can rent.
I dreamt of home ownership, it was my ultimate goal in life. Having grown up in apartments and moving constantly, I thought having my own home was the end all, be all!
Turns out, I am not so fond of it. I really miss the flexibility and freedom of renting.