I am considering selling my house and buying one that’s half the size and 50% more expensive. So maybe I like fancy things too. ha
I feel like this thread is becoming less about homeownership and more about JSM’s psychological issues.
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I have two boats. We haven’t had any maintenance issues. Why yes, they are both small plastic kayaks. Hey, they float, they move around in the water.
My brother owned a power boat large enough to pull water-skiers for a while. OMG what a lot of work that thing was. My BIL has a large rowboat with a motor that he uses to fish. Even that is a surprising hassle. I really don’t want to own more boat than I have.
Hey, don’t worry about me. I am doing my best to feel happy. As should everyone. I’m not worried about spending money to make myself happy.
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I’m actually thinking about a foldable or inflatable kayak for this summer.
I know a woman with a kayak that she assembles every year. Don’t get that, what a HUGE amount of work. If you have a car, you can tie a whole, unfolded, solid kayak on top without much trouble.
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SUPs are a good option too btw. Wish I lived near water that wasn’t totally gross and scary.
what’s SUP
or is this a joke to get me to say that
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Stand up paddle board.
My personal favorite small craft is actually a canoe, followed by a very small sailboat. But kayaks are easier for kids to get around with, and are fun.
IYKWIM, you can usually find one under there.
One jurisdictions’s plan to provide more affordable housing (spurred by an election coming up in two weeks’ time…). The short Executive Section is a good summary.
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The folks on this thread are a pretty privileged group so should be able to afford to buy something. Imagine trying to buy any type of housing in a large city if your household income is under 75K
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Not true if the increase in supply is due to rezoning. Once a desirable suburb full of single family homes is rezoned, the value of a plot of land that can be subdivided can dramatically increase.
I’ve seen it many times where single house quarter acre blocks are replaced with duplex/triplexes (or two concurrent ones replaces with apartments). Sure, the character of the suburb will change but if handled well with increased infrastructure to handle the population increase, the suburb can remain desirable and the net worth of housing stock goes up substantially.
I’m trying to speak in general terms about the direction of the market. Yes, having your desirable land up zoned will lead it to be more valuable.
You’re saying that family size matters.
Do you have a source for income by size, maybe single, couple, and family-of-four?
I’m not sure what “living in the Po” means. I assume that people with higher incomes will tend to live in higher average income neighborhoods, and those with lower incomes will live in lower average income neighborhoods.
“You’re saying that family size matters.
Do you have a source for income by size, maybe single, couple, and family-of-four?
I’m not sure what “living in the Po” means. I assume that people with higher incomes will tend to live in higher average income neighborhoods, and those with lower incomes will live in lower average income neighborhoods.”
My reference to family size was in the context that no one of my children on her own would be able to inherit our family home because we have four children. If one of my kids wanted to have our house, she would need to come up with 75% of its value to buy out her siblings. None of my kids has near that financial capability. Our house will eventually need to be sold and the proceeds distributed to our kids.
As far as your higher and lower income comment I would agree that the neighbourhood one can live in depends on one’s income. I expect there are some parts of rural America where a low income person could still buy a nice property.
“If it is not NYC, it’s the 'Po.” – every New Yorker ever.
Also, your kids could set up your house as an AirBnB, or rent it long-term and split the rent income (and expenses). Then, set up a tontine, where the last survivor gets the house. Then, murder ensues…
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what a hassle, who wants to deal with property management and then the rental income distribution will probably cause drama among siblings
if it were me just sell it and distribute
Or you can also just give the house to your favorite kid in your will, or draw a straw
Didn’t we have a rather long thread on the AO discussing the definition of “rich”?
My definition is “having sufficient assets to live comfortably, without working, indefinitely.”
I’d probably define class using some function of assets and consumption.
I might be in the top decile of income, and I might agree that I qualify as “upper class”, especially after inheriting the investment portfolio that was supposed to have covered my father’s needs for another 20 years (although my wife and I live a middle-class lifestyle)…but I’m not “rich”. I still need to work for a living.