What are the pros and cons of being a house owner?

[Anonymous]

I been living at my apartment for over 12 years now. I’m now starting to get my shit together now. I been looking into houses either both owning it or renting it to see if I could maintain it or not. I still like my one bedroom apartment and the area I’m in. From the past few weeks I been looking into housing now and trying to understand more about housing and what is like to be an house owner. I been looking into 3 or 4 bedroom houses for a single guy like me and just me. What are the pros and cons of being a house owner. My only concerns are what draw attention to house owners. The past 12 years living at my apartment I haven’t had any issues. Im hoping when and if I get a house it doesn’t draw any attention from unwanted guests and other parties.

[Bricealan]

Lots of UPSIDES, and some DOWNSIDES. Tax break on mortgage interest/ having the home as an asset to sell at a profit it you want to. A place you cannot be 'evicted' from (if you pay the mortgage) Pride in the ownership of your own home.

Downside is maintenance, cost, homeowners insurance, flood insurance here in California/ property taxes

[WellGreetingsISay]

A pro is that you can do with it what you want and can make any changes you feel are needed for you. You also don't pay money for it to go to waste.

Cons would be that maintenance is expensive and if something breaks it's your costs and not a landlord's burden.

[WhitneySnow]

You should find a gated community or a private estate where you can live in privacy and not be disturbed by unwanted attention

[Asker]

Interesting or find a community where people like me lives.

[WhitneySnow]

Wym people like you?

[Asker]

I know a neighbor outside of the city. It's mixed with all classes, low, medium, and high class. The township people their are nice, but the country women they only date men with big trucks, so the men can drive their animals around like vets and animal shows. That should be a good spot for me.

[WhitneySnow]

Awesome. Whatever makes you happy dude.

[ibodi]

some in Europe sell it very cheap because living cost is expensive.