Personal Finance and Investing

bucolic_frolic

(50,958 posts)

19. Houses are overrated as a growth asset

Thu Aug 5, 2021, 09:11 PM

Aug 2021

It may seem ok for 8-10 years. But start the maintenance, upgrades, roofs, painting, landscaping. Soon the house owns you, the tax man is in on the capital gains until age 55, the housing market fluctuates, the neighbors can improve or decline, the taxes go up. If I had to do it over again .... I wouldn't stay past 15 years if that long. Styles change, materials change. Keep in something modern. Sounds like the RV folks found a way to avoid all of that, but the article is short on what it's costing them, or how they're living, or where they live. I mean they can't stay on the road forever. The kid has to be in school somewhere.

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This family traded in their $4,200-a-month mortgage for a $14,000 RV--and they're never going back [View all] diehardblue Jul 2021 OP

This message was self-deleted by its author Chin music Jul 2021 #1

They may not have. madaboutharry Jul 2021 #2

This message was self-deleted by its author Chin music Jul 2021 #3

I don't get why people would buy a 5 bedroom house they can't afford when their family is 3 people. Scrivener7 Jul 2021 #4

Schooling for kids? viva la Jul 2021 #5

"Gifted" a new RV by Camping World? Fuck Camping World, when we bought Wingus Dingus Jul 2021 #6

Five-bedroom home? Mysterian Jul 2021 #7

Traded my 2,500 sq ft home in Ohio multigraincracker Jul 2021 #8

And how do they make a living? question everything Jul 2021 #9

From the article UpInArms Jul 2021 #10

Thanks. Should have read the whole story question everything Jul 2021 #11

There's a gal on YouTube who does this calguy Jul 2021 #15

That is such a strange reality to me. Chainfire Jul 2021 #12

I have a relative snowybirdie Jul 2021 #13

Not too long ago I was reading up on RV life on the internet. PoindexterOglethorpe Jul 2021 #14

I would have to agree calguy Jul 2021 #16

Heck, even one year down the road. PoindexterOglethorpe Jul 2021 #17

I like coming with ideas like this Retired Engineer Bob Aug 2021 #18

Houses are overrated as a growth asset bucolic_frolic Aug 2021 #19