The U.S. is an outlier in offering a 30 year mortgage. Here’s why that is, and why you still want to be able to pay it off faster. It’s official: 30 year fixed-rate mortgages in the U.S. have reached 7%. … Read More … Read More
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The past and future of home prices, or how no one remembers history
In many areas of the country, home prices are going crazy. Or at least that’s the narrative. I just discovered an amazingly engrossing interactive chart by The Economist where they show home prices in various U.S. cities as a function … Read More … Read More
Do you need to live with who you love?
I live in a rather small place, at least by American standards. But it’s a lovely place, and I am pleased that I managed to be able to purchase it. One thing feels clear to me though: I don’t … Read More … Read More
The homeowner’s “garden”: a little equity grows
Have you ever bought a home? Well, if you only have a single full time job, and want another one on top of it, well, this is the plan for you. Everything in this process seems to have resulted … Read More … Read More
Why I’m going back into debt (or why I was never really debt-free)
I’ve long railed against debt. Debt slows you down from achieving what you want, and forces you to pay companies that don’t have your best interests in mind. I paid off my last debts four years ago, and I … Read More … Read More
Why not pay cash for a home?
WARNING: This post contains math. There is definitely something compelling to owning your own home, from both a psychological standpoint but also a financial standpoint. But I’m not a fan of debt. You know this by now. And in … Read More … Read More
How to live rent-free
If you rent your living space, it’s probably your largest recurring bill. By a fairly significant margin. (Or, at least I hope it is. If it’s not, either you’ve got a great living situation, or you’re in big trouble. … Read More … Read More
On being kicked out of my apartment, or Nothing is unexpected
Have you ever rented a place, and been very comfortable there, only to receive a voicemail message from your landlord that started like this: “I don’t know how to say this to you, but I just wanted to say … Read More … Read More
Home ownership revisited
One of my very first posts at Unlikely Radical was titled “Why renting is better than owning“. Later, I noted that while some people feel that home ownership provides a feeling of security, others will feel exactly the opposite. … Read More … Read More
On cultural programming, or why a home is not necessarily a house
While writing why you probably can’t afford to buy a home, I found myself subconsciously substituting the word “house” for the word “home.” That article, one of the longest I’ve ever written for this site, has the word “home” … Read More … Read More