Deadzone – Home ownership is a very important concept, especially to “old school” folks like me, who want to raise a family in a stable, unchanging environment.
And I must disagree with you, I have several friends who live in homes that their parents and even their grandparents have lived in. I plan on passing my home on to my 16 year-old son, who is excited at the prospect of raising his family in our home, which is full of wonderful memories of his childhood.
He understands that this house is just as much his as it is mine, because he is a participant in making this house a home. There is a continuim in life that is very important to us and passing this home onto our son will perpetuate that ideal.
Also, I might add, that in several of San Diego’s older neighborhoods like La Jolla, Point Loma and Mission Hills, several people own their own homes outright, not to mention areas like Rancho Santa Fe or the North County Coastal areas, where lots of folks have paid cash for their homes over the years.
*Powayseller, are there any statistics on the percentage of homes in San Diego owned free and clear? If anyone could find that one, it would be you.
And lastly, your final paragraph is absolutely accurate. There is no gain, nor any loss, until and when you sell. If you never sell, you never lose or profit. Again, it’s all in what your motivation is when owning a home. Mine is permanence, stability and an enduring sense of family.
