Quote:
Originally Posted by THE SCUD
I think you added a 0 to that percentage. For example, if you owned a $750K home, you're telling me I will be spending $75,000 a YEAR maintaining and upgrading it (ie saving for windows, roof, etc) it? No chance in hell. $7,500 I might buy.
Windows last 15-20 years on a new house, a roof 20 years. Otherwise you've got paint and the odd repair.
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Yeah you're right, 10% is too high. I'm at about 5% a year now that I look at it. I have an itemized list of everything I've done to my house in the past two years and it's really bang on 5%. When I first looked at my list before posting I saw it at about 10% but didn't divide that by the two years I've been tracking.
