I simply don’t want to be tied down to a piece of property.
Over the years, I’ve had two condos and two houses with some acreage, but now don’t even mow a lawn or shovel a lick of snow.
Well worth not having to bother with that stuff. Also, helps keep me from accumulating a bunch of stuff/junk.
Probably move next year into a new complex that is being built nearby in order to cash in on the move in incentives.
You touch on how people make different choices about housing.
There is no “one size fits all” situation with housing.
I’ve known people who would never own a home or condo, even though they could afford same, because of maintenance headaches, and not wanting to be tied down.
And I’ve known people who bought a series of houses over the years, moving up so to speak, as their incomes and equity in the properties rose, enabling them to buy more expensive homes.
The freedom of being independent, our own home that we can paint anyway we want, we can plant anything we want, and no one can evict us on a whim. We felt the same way with buying our own income producing property 19 years ago, we can be self sufficient not rely solely on SS checks that may not be available all our retirement lives.
Now the Oregon legislature and our Governor have taken control, they have now passed a law limiting what we can charge our tenants, how we can remove our tenants and how we screen our tenants. Becasue of that, the value has decreased, how much we do not know, I do know we won't be paying taxes in Oregon much longer!
Kind of the same with me. I live in an inexpensive apartment. One of my two brothers recently divorced and sold his house which he planned on dying in and made huge renovations to. After his (now) Ex took half he had enough to pay his debt off. Now hes living in a 35’ camper-trailer. MY other brother has a good job but never has anything extra to spend because of his house and family expenses and he never seems to get caught up on yard work.
Me, I live in an inexpensive apartment, I’m single and life is nice and peaceful. I’m fine right where I’m at.