I managed to buy a small house during the weird financial stuff going on during covid. As much as this gif is accurate, I like it better than renting.
this post was submitted on 29 Apr 2025
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Own.
Was super lucky that my wife was able to sell property in her home country after we got married and got her mom and her here to US. Also was one of the fortunate ones to have cash during the sub-prime recession so was able to get a super cheap mortgage.
I generally love owning the house although sometimes I miss renting, when something needs fixing. I'm pretty handy, so I do a lot of the jobs myself, but it could be a big chore.
Still, I'd rather have my own property and the freedom to do what I want with it, like installing solar panels, TV antenna, paint any color I like, etc.
My long term plan involves some sort of downsizing, possibly a live-aboard sail boat, although my wife is sceptical on that one. We're probably going to end up getting a condo in one of the cheaper states.
Have you installed solar panels yet? I want to, but the tech is advancing rapidly enough that it makes more sense for me to wait atm.
I'm also planning on just paying for it up front. The programs for "we'll do it for cheap but we'll own it" are generally scammy. My friend has solar panels through his utility company, and his power went out recently but the panels did nothing for him because they go straight to the utility company's grid. He's pretty much renting them roof space for a discount on his bill.
I've had solar installed on my roof for 3+ years. Best home upgrade I have made by far, IMHO. I agree that buying them or financing them is much better than leasing. Firstly, you take advantage of the tax rebate, also it's much better when the time comes to sell the house.
I wouldn't wait for the tech to advance though. You may lose out on the tax rebate if the current US admin deems that "woke".
As for my experience with them, it's been phenomenal. I basically pay $12/month between April and October. My annual electricity bill is down by about 95%.