<![CDATA[Home ownership is always framed as being about building wealth; that viewpoint inevitably leads to higher housing costs and a poorer working class (because treating housing as an investment drives up housing costs).]]>Home ownership is always framed as being about building wealth; that viewpoint inevitably leads to higher housing costs and a poorer working class (because treating housing as an investment drives up housing costs).

The true advantage to home ownership is the financial stability it brings. When you are subject to inflationary increases, which means your housing costs do not remain stable, however when you own your home costs remain relatively stable for 25-30 years and then plummet once your mortgage is paid off.

The largest financial challenge of home ownership is putting enough aside each month to cover the maintenance and repair costs associated with ownership; the ones that a is supposed to cover if you rent, although many landlords shirk that responsibility. The easiest way for a home owner to deal with this is to put a small amount aside each month to cover both the unexpected repairs that crop up and the high cost maintenance
projects as stuff wears out.

]]>https://board.circlewithadot.net/topic/19647f13-5822-4962-99d1-3acfc0b88c74/home-ownership-is-always-framed-as-being-about-building-wealth-that-viewpoint-inevitably-leads-to-higher-housing-costs-and-a-poorer-working-class-because-treating-housing-as-an-investment-drives-up-housing-costs-.RSS for NodeFri, 15 May 2026 07:46:11 GMTFri, 01 May 2026 11:19:25 GMT60<![CDATA[Reply to Home ownership is always framed as being about building wealth; that viewpoint inevitably leads to higher housing costs and a poorer working class (because treating housing as an investment drives up housing costs). on Fri, 01 May 2026 14:41:03 GMT]]>@RantingCanuck @frank houses were built to last for many years (centuries?), thus they were an investment. The quality of new homes is questionable (materials and workmanship) and few will be standing in 50 years, these are not an investment but rather only marking time.
It appears as if the people currently wanting to buy a home are only interested in buying a fully updated house- not doing any renovations. Small towns and older homes have long term potential new ones don’t.

]]>https://board.circlewithadot.net/post/https://mstdn.ca/users/Rickd6/statuses/116499838637675734https://board.circlewithadot.net/post/https://mstdn.ca/users/Rickd6/statuses/116499838637675734Fri, 01 May 2026 14:41:03 GMT<![CDATA[Reply to Home ownership is always framed as being about building wealth; that viewpoint inevitably leads to higher housing costs and a poorer working class (because treating housing as an investment drives up housing costs). on Fri, 01 May 2026 14:24:16 GMT]]>@frank

They sell houses as an investment and that's the problem. A house is a place to live, nothing more, and making them investments just encourages the flipping/hoarding that drives up housing costs.

We bought our first house in 2006 and sold it in 2021 when we moved... it gained a whole $20,000 in value, all of which was eaten up by the realtor fees (technically we lost money on the house). The advantages during those 15 years where that rent increased nearly 25% while our mortgage payment stayed roughly the same AND we had payed off nearly $190,000 in principal which we were able to apply against the purchase on our next home (thus keeping our mortgage time low).

So even though we made no money on the investment we still had $190k that we wouldn't have had if we had rented for those 15 years (I remember looking at rents withing 5 years of buying and they where a little higher than my mortgage payment, although when I bought my mortgage was higher than my rent had been).

]]>https://board.circlewithadot.net/post/https://mstdn.ca/users/RantingCanuck/statuses/116499772639068749https://board.circlewithadot.net/post/https://mstdn.ca/users/RantingCanuck/statuses/116499772639068749Fri, 01 May 2026 14:24:16 GMT<![CDATA[Reply to Home ownership is always framed as being about building wealth; that viewpoint inevitably leads to higher housing costs and a poorer working class (because treating housing as an investment drives up housing costs). on Fri, 01 May 2026 13:39:50 GMT]]>@RantingCanuck

I grew up with my parents telling me "a house is the best investment you can make".

But I never really believed it. Reading finance books and videos, housing is always seen as debatable compared to renting.

I never really tried to challenge my parents mindset. They are so adamant about it.

Their bankers and financial managers kept telling them about getting a house. (Which they of course benefit from)

Today, I think it was only true for their generation.

]]>https://board.circlewithadot.net/post/https://fraxoweb.social/ap/users/116183482963568835/statuses/116499597904885680https://board.circlewithadot.net/post/https://fraxoweb.social/ap/users/116183482963568835/statuses/116499597904885680Fri, 01 May 2026 13:39:50 GMT