Agree. Many don't realize the costs associated with

Agree. Many don't realize the costs associated with
by Raoul (2020-08-07 19:48:34)

In reply to: I don’t hate anything about it, but I think first time posted by ndwifemom

ownership.

My father always said count on capital investments (i.e. replace roof, furnace, concrete, appliances, etc) of 1% of purchase price for new and 2% for existing. I bought a 30 year old house (so now 50+) and while not every year its correct over 20 years he was exactly right. About 2% of my purchase price X 20 years has gone to replacing things and the like.

Replies:

This is why here in the NYC area burbs fully renovated - ndwifemom 2020-08-07 20:17:38
- Quality 50-100 years ago way better than today on basic - Raoul 2020-08-07 20:34:44
  - Phrasing on that second sentence * - El Kabong 2020-08-17 14:03:01