Home frickin ownership, man.
After working from home 2019-2021 I had banked $30,000 and bought a house.
Oh, but the previous owners took the refrigerator, washer, and dryer, so that was $1,500.
The plumbing in the utility room wasn’t done correctly, so that was $2,500.
The roof was 20 years old and only had a 20 year lifespan, so that was $12,000. Now have a 50 year roof that will out live me.
Solar panels, $21,000 but that was my choice to do that. Loving my $13/mo. electric bill.
Had to upgrade the electrical panel from 100A to 200A, that’s another $11,000…
Appliances, plumbing, and roof are all paid. Hoping to have the panels and electricity paid by next year.
That 50 year roof won’t out live Ya, sorry to say. I had an 15 year roof when I bought and the insurance company forced me to get a new roof, according to my insurance broker most insurance agencies won’t agree to insure a roof older than 10 years old. So if you aim to sell between that 10 and 50 year point that roof will have to be redone. It’s stupid and fucking wasteful.
Time for a new insurance company friend unless you live somewhere with lots of roof damage that shouldn’t be an issue. Farmers was more than happy with my 15 year old architectural shingles upon inspection.
I use a broker and am currently with AAA. My broker told me triple A is the easiest to get people insured with so if they had a problem pretty much everyone else would too. I had about 5% of shingles lifting which would have costed 5k to fix but triple A said go fuck yourself and get a new roof, which thankfully was only 7k. But in that whole ordeal both my insurance broker and the roofing company told me that insurance companies rarely cover roofs over 10 years old. The roofer told me he over the past few years he’s gotten loads of people with decent roofs who’s hands were forced by insurance companies and the number is increasing every year. Sounds like you got lucky with a decent looking roof at 15 years or it was a while ago.
It was just 8 months ago. I had no lifting or damage and the inspector for the insurance company estimated the roof was 8-10 years old and I provided documentation it was 15 years old. I’m not saying you are wrong but this is probably highly variable by state. Even hurricane riddled Florida has laws on the books saying insurance can’t decline your coverage if the roof has 5-8 useful years per the inspector of your choice.
Yeah, but you don’t know how bad my health is. ;)
I think this is actually a more modern issue. Lifestyle creep was real at one point. We’re all just running on deficit now, so the necessities become the splurge.
Therapy. You work harder/longer hours/deal with burn out. Therapy is almost necessary as you move up.
