Indeed. This is why I'm a preferential life-long renter, although I think the primary reason is that I can't stand living anywhere for more than 2-5 years. So much friction to move, unwinding this risky position very expensively, with loads of transaction fees stacked--I can't understand the appeal. Even owning a condo was enough for me to realise I don't want to own my own bare metal, and that I look at housing as a cloud service of sorts, where much of what I pay for is just for all operational questions to be someone else's problem and to relieve myself of the burden of owning and liquidating what I would otherwise have to CAPEX.

For me, it's hard to put a price on the reclamation of _time_ spent otherwise thinking about those issues, to say nothing of the money. I just don't have time to think about even 1/60th of what's involved in getting vendor quotes for roof reshingling or painting or whatever, and even if I do have the time, I'd rather pull my fingernails out than spend it that way.

I sure do miss that mortgage interest deduction, though. I had no desire to accrue equity in the property--and indeed, if I had more equity, I would have lost even more money than I did in the 2008 crash--but I loved my super high-interest loan. It meant that my most of my housing payment was tax-deductible, and that's fantastic. My only regret, besides buying itself, is that I didn't take out an interest-only mortgage.

However, this isn't a Great Recession sob story. The condo would be way too much work and cognitive bandwidth theft even in the best of times, and that's like a tenth of the structural, landscaping, etc. issues one has to think about with an SFH. No thanks, man. I have other stuff to do.

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greedo 3 hours ago | parent | next [-]

Moving every 2-5 years sounds like one of the rings of Hell from Dante.

	▲	abalashov 3 hours ago \| parent [-]
		Moving is no fun at all (and also costs money! deposits, movers and the rest of it), but the only thing worse is staying in one place. I just can't do it. I mean, of course I tell myself this is the last time we're ever moving, and that this is the forever spot. However, experience suggests this is never, ever the case, and there's no actual precedent for that.

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bobanrocky an hour ago | parent | prev | next [-]

Wow, moving every 2-5 years? I suppose it works with no kids, or spouse ..

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donflamenco 2 hours ago | parent | prev [-]

At least with me (married filing jointly), when Trump raised the standard deduction so high, the mortgage interest deduction doesn't come into play. It hasn't seemed to change my total tax liability, it just made my tax return easier to do. I haven't had to itemize for years now.