[quote=briansd1]
People who live in run-down houses are not spending any money on maintenance now. But they’ll spend money on maintenance later, or they will pay it in lost equity. [/quote]
You’re assuming that they’ll sell. Even if they will sell, you’re assuming they won’t spend a few grand to spruce it up. It’s not expensive to put a new coat of paint. A house is not like a car. A lot of things in the house are made to work for 15-20 years. The only things that will degrade earlier (that people can DIY) are landscaping and paint.
[quote=briansd1]I see house maintenance, painting, etc. as work. Work can be fulfilling and enjoyable. But I’d rather make money at it than spend money on it.
To each his own.
[/quote]
It is to each their own. Work for one is hobby for another. Going snowboarding would be work for some and a hobby for others. You’d have to spend money to go snowboarding.
