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  • Traveler (edited 8 years ago)
    +4

    1. Time and effort to perform essential maintenance, especially when you own a regular house with a sizable yard (not a condo where the HOA takes care of exterior maintenance)

    2. Time, effort and money required for 'Honey-Do' requests to upgrade the interior - it never ends!

    3. The fact that because you have space available you invariably end up filling it with 'stuff' (useless ornaments, pictures, and such like) that end up owning you more than you own them.

    4. It tends to tie you to one geographical location - not easy, and fairly costly to sell and move

    My solution to the above:

    A. If you must have a 'stick' home make it a small condo where the HOA covers all exterior maintenance leaving you more time for fun

    B. Stay single or find a 'low maintenance' partner - more time for living, less time on chores

    C. Take pride in minimalism - make it a central focus in your life

    D. Find a career that you can do from anywhere; buy and live in a motor-home or take short term rentals in interesting places; from a real estate investment perspective, put your money into buying property that you can rent out to others earning you a positive cash flow.