When my husband and I bought our first home last year, we were really excited. We found ourselves saying things like, “It’s just such a good feeling to know we own this. It’s ours.”
Except that, it’s not. Not really, at least. For most of us, “buying a house” just means borrowing money to buy a house. I like the way comedian John Mulaney puts it:
“Actually, we didn’t buy a house—a bank bought a house, and I’m allowed to keep my shirts and pants there while I pay it off for 30 years.”
Yeah, yeah I know. After you pay it off, it’s yours. And you can add an extra bathroom or expand your kitchen if you want. There’s no checking in with a landlord. That’s great, but do you really own something if you have to take out a loan to pay for it? Maybe my thinking is too old-school, but I’ve never considered something truly mine if I’m still paying it off. This house, while it feels like a home, is no different.
Especially after the housing crisis, people have turned a skeptical eye toward homeownership–and rightfully so. I can’t help but wonder how many people have thought, “it’s such a good feeling to know you own this” only to foreclose and give their home back to the bank. Renting gets a bad rap, but how many renters have had their financial lives ruined over their housing decision?
Don’t get me wrong. I’m not against homeownership–after all, I own a home and I felt the same way before buying–but I also think it’s overrated. Whether or not renting or buying is the right decision depends on so many different, individual variables. However, people generally overshoot the pros of homeownership without thoroughly considering the drawbacks. read more…
When my husband and I bought our first home last year, we were really excited. We found ourselves saying things like, “It’s just such a good feeling to know we own this. It’s ours.” Except that, it’s not. Not really, at least. For most of us, "buying a house" just...read more
The election is over and a lot of people are angry. If you’re paying attention, it’s not hard to see why. In the past couple of weeks, I’ve witnessed more blatant racial slurs, hate speech, and insensitivity than I have in years, and it probably shouldn’t be...read more
For a long time, I’ve had a terrible, terrible habit: I’m always late. Yes, I'm that jerk that keeps you waiting until 7:15 even though we agreed to meet promptly at 7:00. I'm that person who says “I’ll be there in 5 minutes,” and then 10 minutes later, you wonder...read more
This is a guest post from Dara Blaine, a personal friend, and professional career coach. In this post, Dara explores an issue I’ve struggled with in my own career: promoting myself and my business. A few years ago, if you went to the same networking event I did, you’d...read more
Travel has become more accessible than ever. Believe it or not, flight prices are historically low, making it easier and more affordable to see the country and the world. It’s pretty amazing, and I try to take advantage of the affordability of travel whenever I see...read more