Quote:
Originally Posted by Crawford
I wouldn't want that house for free, I don't think. At least not if I couldn't flip it, or move it somewhere where returns are greater.
You own it for 20 years, you probably put 2x the value of the home in upkeep. Those types of homes have enormous costs. A single vintage window replacement can be 50k. These old homes have stained glass windows, pewabic tile and the like.
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I don't even comment on this as I know I'm incredibly strong bias big houses. I live Downtown, on apartment and I really see no use in a those big houses, even if money was unlimited.
And it's not only due my big city living preference: there are very big apartments Downtown São Paulo from the good old days and they're very affordable as the region gentrification is still ongoing. Why would I leave my perfectly functional and comfortable 90m2 for a massive 300m2 one? Spending more with housekeeper and utilities?
Quote:
Originally Posted by Crawford
In the winter, I bet they spend 5k a month on heating. Insanity.
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That's completely insane!