7/26/2010

07-26-10 - Jeebus

God damn my landlord is unreasonable. I hate all you people so fucking much. Just leave me alone please. I'm really sick of living in someone else's house. I want to be able to do whatever I want with my home.

I dunno, maybe I should just go ahead and buy a house up here. It's okay here I guess, though I don't know if I can stand the winters, or certain other drawbacks. Plus where I want to live if I'm single vs. married with kids is very different.

I know in my head that people who are successful in life are people who just choose a certain plan and commit to it as if they were sure, even though that's totally illogical and there's no reason to be sure of it. You have to act as if you are going to stick with something; every house you move into you should treat as if you are going to be there for life. People who hesitate or hedge tend to get nowhere.

8 comments:

Aaron said...

Gotta be willing to stay put for 5 years at least. Though, I signed on for a 10 year stint I think, cuz the bottom fell out of the market. I'd be pretty fucked if we had to sell now.

Owning a house feels fucking incredible compared to renting, the 'do what you want' aspect is very very freeing, and you really can relax in a deep way that you can't renting (or at least, I couldn't).

On the other hand, it is also terrifying / feels like you're trapped and can't get out / etc. Tough call. I regret buying, but I don't think I could have continued renting, either. I think I regret exactly what I bought more than the fact that I bought something.

Nino Mojo said...

" it is also terrifying / feels like you're trapped and can't get out / etc. "

You can rent and go somewhere else. You can sell and buy somewhere else.

You have at least the same amount of freedom you have with renting.

Also, succesful != happy. That's super cliché I know, but geez is it true for so many people...

cbloom said...

"You have at least the same amount of freedom you have with renting."

That's not true and I can't even be bothered to list all the reasons.

It's only true if you have infinite dollars.

cbloom said...

"It's only true if you have infinite dollars."

Actually even then it's not quite true because you can't just abandon the property, even with infinite dollars it's a pain in the ass to leave it behind.

Jon Olick said...

its fine as long as house markets go up. When they go down... thats another story. Owning < Renting in a downward motion market.

Aaron said...

"its fine as long as house markets go up. When they go down... thats another story. Owning < Renting in a downward motion market."

There's a tricky exception to that, and it's a corollary to the fact that you cannot make money in housing if you only own one house (because if you sell at price high you gotta go buy somewhere else in the same market high).

If the market drops, you lost tons of money on the house you own, but also it is cheaper to go out and buy something else, whereas if the market had gone up, yeah, you have equity, but all you're doing with it is putting it into another also-expensive house.

The only way to make money in housing is to be able to buy low and sell high and then either buy low again somewhere else, or wait 5 or 10 years for prices to drop relatively again. It's a messy business. Really housing (that you live in) is a terrible investment (unless you're in a bubble and about to move to a nursing home or mexico or something).

cbloom said...

"Really housing (that you live in) is a terrible investment"

Yeah, this is what serious real estate investors have known forever, but everyone in America bought into some myth of home speculation = riches and it's fucked us all.

Now I've missed the boat and I'm stuck in a world where mortgage is much greater than rent because people believe that it has value as an "investment". I'd like to own my own home, but it really doesn't make much sense because all the damn speculators have made everything so overpriced.

One good thing about owning is that it's a sort of hedge against prices going up insanely. If you're out of the market and prices go nuts, you have no hope of getting in.

In general, it's important for people to be able to predict and control their ability to obtain the basic necessities (housing, health care, food) and when those items are on a free market that is subject to bubbles and abuse, it leads to pointless pain for people whose living costs are close to their income.

Jon Olick said...

Thats exactly what my in-laws did. They bought a house in california a long time ago. House prices went crazy, then they moved somewhere else and got a cheaper house and banked the difference.

old rants