I never owned a home. I was divorced at the age of 32 in 1979 with two sons to raise. When my boys were young, I would have enjoyed having a home, because we had to move frequently. Back then, I couldn’t afford the downpayment, or the maintenance that went with it. By the time I could afford to buy a home, my sons were getting read to leave the nest, and I didn’t need a house. Now that I’m 78, I’m glad I don’t own a home that my sons will have to get rid of after I’m gone. By choice, neither of them has owned a home either.
Yeah, such a burden for the kids to have to get rid of a house bought at $75k but can put it on the market today for a couple million today.