Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
I think to determine the true costs of home ownership though you have to add in the value of your time spent on upkeep, not just the cash outflow. Time is money, unless your house is also your hobby or your pride and joy to work on.
And also probably on the time continuum of when you are evaluating the costs. If my furnace would go out on me this year and I decided to replace the carpets and siding it would look bad at that point. But then forward ahead 10 years later and no repairs were needed through that period it might be very favorable again.
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