I am a renter. I don't think I can ever buy my own home. No matter how much I try, I can only manage to raise my expenses, I can not save. Since I do not have savings, I can not take the risk of buying a house through a bank loan.
I'm an owner but I'm ready to downsize and get into minimalist living because maintaining a large single-family dwelling is a lot of work when you get older and your child labor moves away (lol). Also, kids today don't appreciate property or land, they don't see it as an investment or wealth. They're busy living for today. I do my own landscaping, one of the few in my community. I have a pool, never get in it but it must be maintained too. We get a lot of stuff we don't need when we're young in order to prove to ourselves we're successful, in the end, it's wasted money I could've banked or had liquid and I feel I could've downsized and lived with less, saved more, and been less stressed about maintaining a large single-family dwelling.It seems like most people my age can't afford to buy a house so I know plenty of renters. Some still live with their family even. I would like to own my place down the road but I feel like I should wait until I find a man and am ready for a family. I don't wanna buy a house and have to sell it or have him move in. Maybe I am too old-fashioned and stubborn in that sense.
Are you a homeowner or renter? If you own a house - what style is it and do you have a nice yard? If you rent - you in a house, duplex, condo, or apartment?
I understand what you are saying but ownership of land is beyond a state of wealth, it is a state of power, and encouraging kids to want land (especially black children) is empowerment.I'm an owner but I'm ready to downsize and get into minimalist living because maintaining a large single-family dwelling is a lot of work when you get older and your child labor moves away (lol). Also, kids today don't appreciate property or land, they don't see it as an investment or wealth. They're busy living for today. I do my own landscaping, one of the few in my community. I have a pool, never get in it but it must be maintained too. We get a lot of stuff we don't need when we're young in order to prove to ourselves we're successful, in the end, it's wasted money I could've banked or had liquid and I feel I could've downsized and lived with less, saved more, and been less stressed about maintaining a large single-family dwelling.
At the end of the day in America, we really don't own anything anyway. When the dominant society gets ready to take what we have, they have lots of policies, practices, and tricks to do so. To each his/her own. People need a place to live, so just do the best you can and don't compare yourselves to the next man. You never know what kind of hell they are catching to just be a homeowner.
I bought my house when I was in my 20s and I'm glad I did because rent has become more expensive than my mortgage and utilities combined. Now that I'm married my husband and I are looking for our family home. We're gonna use my house for rental income, since it's 5 min from downtown DC. The market is insane and sometimes feels hopeless with the bidding wars and competition between buyers.It seems like most people my age can't afford to buy a house so I know plenty of renters. Some still live with their family even. I would like to own my place down the road but I feel like I should wait until I find a man and am ready for a family. I don't wanna buy a house and have to sell it or have him move in. Maybe I am too old-fashioned and stubborn in that sense.
Are you a homeowner or renter? If you own a house - what style is it and do you have a nice yard? If you rent - you in a house, duplex, condo, or apartment?
This is an absolute fact! The dominant society respects property rights more than human rights.I understand what you are saying but ownership of land is beyond a state of wealth, it is a state of power, and encouraging kids to want land (especially black children) is empowerment.
5 min from DC? That is prime real estate! You both should consider running an airb&b out that house if you can manage it. You will make more than you would in rent. Places near cities rake in 5k+ per month. I would imagine a lot of business people looking for houses in the DC area as well.I bought my house when I was in my 20s and I'm glad I did because rent has become more expensive than my mortgage and utilities combined. Now that I'm married my husband and I are looking for our family home. We're gonna use my house for rental income, since it's 5 min from downtown DC. The market is insane and sometimes feels hopeless with the bidding wars and competition between buyers.