Originally posted by: kranky
Originally posted by: Capt Caveman
Originally posted by: PrinceofWands
Originally posted by: BoomerD
Originally posted by: PrinceofWands
[. If you plan on living in a house forever, there's no reason to want it to increase in value...except possibly for sale posthumously with proceeds to be divided amongst your family. *shrug*
I DON'T plan to live in my house forever, and since we have Prop. 13 in effect here, I WANT my house to increase in value, so that when I sell it, I can make a profit. (at least on paper, since I've made payments, and done many improvements to the house since we've owned it...)
Isn't that what capitalism is about...making a profit on your investment? YES, buying a home IS an investment...otherwise, why not rent and reduce your capital outlays for things such as maintenance and repair?
Probably, but capitalism is ass. Life is better.
Because you don't own what you rent, it isn't yours...you don't make the big decisions on it, can't change it (usually), and you can't stop paying for it nor pass it on to your kids. I'm 35 and will never owe a house payment again. I can stop working for years on end and not have to stress about where to live as long as I have a little saved up for incidentals and taxes...which would be lower if the property was worth less.
If you aren't smart enough to own a place outright to experience the same security and peace it's not my fault. In my opinion my right to HOME is more important than your right to invest. You can invest in other ways, other places, etc. HOME is only one place, one time.
Well, your view is in the minority. For the majority, the home is the biggest investment they will ever make. I bought my first house for $180k (20% down). My monthly expenses totaled $1.2k less than if I rented a 3 bedroom place. I sold it five years later for $325k. The best investment I've made.
I sincerely hope that view is NOT in the minority, even while I hope just like everyone else that my home increases in value. There is no justification for the government telling people what colors they can paint their houses! None at all. ESPECIALLY if the only reason is that some people feel that it might hurt the value of their own properties. Do people not see how ridiculous that is? It's not a question of public health or safety.
This is the kind of thing that sounds so easy to be in favor of until the next inevitable step. Maybe you want to cut a tree down because it's leaning towards your house, but the town council said no tree cutting because they like things to be green. Feel free to fill out some application for a waiver and watch the tree fall on your house before your hearing even gets scheduled.
Maybe you'd like to put up a privacy fence so your young child can roam freely in the yard but not be able to escape it. . But the town council decided fences hurt property values, and tell you your not allowed.
Maybe you'd like to dry your clothes on a clothesline to avoid having to use fossil fuels to dry them in a clothes dryer. Same deal.
People better wake up and see why this is fundamentally wrong on the most basic level. Property rights trump what a neighbor feels might hurt his home value. That's freedom, for good or ill.
People who like that stuff have plenty of HOA communities to live in where they can make rules all day long if they like. All the people in that community have voluntarily agreed to live by them, so everyone should be happy. People who don't live in HOAs have the right to enjoy their property as they see fit, as long as they aren't a health or safety risk, regardless of house color.