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Post being replied to

Agree. Many don't realize the costs associated with by Raoul

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.