Where do you live then?
If you’re advocating investing in low fee funds instead of a house that you will live in, it’s pretty well implied that you’re saying that renting is better than buying.
Oh, it sounded to me like you were saying renting is always better than buying.
Nah. They are both expenses to me. The less you spend the better. So I usually pick the cheaper one
Just live with parents
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What if their rooms are about 6.34 feet below ground?
Getting in and out might be a pain but it sounds like their accommodations are already paid for upfront
Oh and bring a nose clip
I get your point, but i think you are exaggerating quite a bit both ways on your examples, at least among normal situations.
How so?
Oh boy oh boy, this thread has been surprisingly hostile.
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Normal situation with a pool. Adding a new 50k pool to a 500k-1m house will almost certainly add value. Now, a 500k house with a 25 year old pool that needs to be repaired… sure that might reducing the value if the repairs are significant.
A large % of higher end homes in warm climates have pools. There is a price point where they certainly add value. There is a fair point to be made that high end<>normal, but spending 50k on a pool for a 250k is probably not normal either.
On painting, more than 3x the return? Only if you are doing the work yourself. But then i think you can paint a lot for $500 of paint and supplies. Painting a beat up house that badly needs it? Maybe it’s so ugly it won’t sell and hiring someone nets a return.
Eh depends on the geographic area, I think. I have been told in no uncertain terms by realtors that in my area adding a pool decreases the value of the home.
I’m not in Florida or Arizona or SoCal though.
I have also anecdotally noticed that when I see a home that looks too good to be true in terms of size / quality / price… I then find out that oh… it has a pool. That’s why it’s so affordable.
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New is the key word im disputing. The value might drop off faster the further north you go, and its going to become an unwanted expense at a lower price point. And yes, it can easily be negative for an older pool due for repairs in a few years. That’s probably true for a lot of the too good to be true listings… might also general issue with the home of the owner is not maintaining other things.
I choose to believe the realtor who explained that in my area what you are saying is false. The day after a pool is added the value of the home is lower than it was the day before they broke ground assuming no other changes to the house. That’s for a brand new pool.
This also fits my anecdotal experience of obsessively checking real estate listings in my school district for the last 10 years. Houses in my school district range from $300,000 to $1,900,000 with the majority in the 500,000 - $1,000,000 range. Most are very well maintained. They might have dated cabinets or appliances, but they are well maintained. (If the appliances are dated, it’s because they were taken care of.)
Google suggests a little of both. From +7% in some homes to a decrease in value where it represents overbuilding in a neighborhood or might be a poor use of limited back yard space.
Bump. Barcelona banning short term rentals.
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Biiiiig IF
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I have been following the Barcelona story for years.
The story doesn’t go into it, but the primary owners of those AirbnBs are not foreigners. Its mostly the locals.
I expect a huge lobbying effort by them to get this latest proclamation diluted.
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