If a man is in his mid 50's, divorced for many years and children are grown, and has a good job and makes above average money, why would he choose to live in a one bedroom apartment rather than buy a small house? If he is a perpetual playboy I can understand this but for the men that say they are looking for someone to spend their life with, it just makes sense that a guy would invest in a home to share with his future wife, rather than pay rent, especially at his age. Is he cheap, not making as much as he says, or not really interested in sharing a home with someone.?
2006-06-19 07:04:57 · 9 answers · asked by reallyfedup 5 in Family & Relationships ➔ Singles & Dating
the other thing is that he isn't tied so tight. If he were to meet someone that is a fair distance away that he wants to be with, he can get rid of the apt. quicker and easier than he can sell the house.
2006-06-19 07:14:14 · answer #1 · answered by nidan 4 · 0⤊ 0⤋
I'm actually for buying a home and living in it. BUT:
It costs money to own a home. Property taxes, landscaping, utilities.
With an apartment, certain utilities are included and some expenses (like grass mowing) go away. You also don't have to do work like cleaning out gutters.
You also enjoy a certain "liquidity of residence" in an apt. For example, you don't have to put the apartment on the market for 100 days and hope that it sells.
If you sell a house, you often have to pay a realtor a 6% commission--so to justify that expense you need to stay in one place for a while (often around 3 years but much longer now that we have this bubble to contend with) just to break even.
Finally, if you are in an over-extended market, you are buying at the top and it's about as far out of whack as it's ever been in some places these days. You want to buy low and sell high.
2006-06-19 07:14:09 · answer #2 · answered by sideshot72 3 · 0⤊ 0⤋
A house in the present real estate market can blow ones bank account. The bubble could burst anyday now and this guy would have overpaid quite a bit.He might be lying about his assets, or not. If indeed he has found the right person to settle down with, that is a decision to be made by both parties as to where to live . Maybe he's not handy or inclined to mowing grass, etc...Freeing up your $$$$ can afford you to travel, dine out, have anicer car, clothes, you see where I'm going. Both he and his lady have to be on the same page. Good Luck. Relationships are hard.
2006-06-19 07:36:21 · answer #3 · answered by nervousnellie 1 · 0⤊ 0⤋
It may be that he has gotten used to apartment living and doesn't want to give it up. I prefer houses, but they do come with more problems than apartments do. With a house, you have to take care of the lawn and any repairs and maintenance; you have to pay property taxes; you are liable if someone gets hurt on your property; etc.
Apartments are a much more hassle free way to live, but certainly not top choice for many people.
If this man is someone you are planning a future with, why don't you ask him to go house hunting with you. His answer will most likely reveal a lot about how he is feeling.
2006-06-19 07:15:00 · answer #4 · answered by Amy 2 · 0⤊ 0⤋
I am kinda in that same boat but I am the guy...divorced a few years, children grown, have a good job...live in 1 bedrm apt, I'd like to buy another home...ex got my last one...but being single, buying a home right now with housing cost at max..wouldn't be a good investment, not to mention I'd be working to make the monthly bill, I am not much for roomates..so I would plan on being sole income...I like to travel and have nice things or be able to afford such things at a moments notice, so having another house isn't in my best interest and I am one who feels my house is my castle...so try not to read to much into this dilemma...but recognize what is priority and judge him for who he is not for what he has or has not.
2006-06-19 07:17:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋
My old boss did that. It's easier, I guess. No lawn to mow.. smaller so it's easier to clean.. and it's cheaper than a house. Maybe his wife did all the household stuff and he didn't want the burden of doing it on his own. Maybe he doesn't have many personal items to store. There are many reasons he might. Maybe it's temporary until he decides what his next step is. Probably though, just cause it's easier.
2006-06-19 07:09:22 · answer #6 · answered by Kitty 5 · 0⤊ 0⤋
Maybe he doesn't want the responsibility that comes with a house such as mortgage, loans, taxes, land taxes, furniture, heating/cooling, etc. There's a lot of stuff involved with owning a house that somebody might not want. Especially since that man has no close relations that live with him, he might not want to be alone in a big house.
2006-06-19 07:09:56 · answer #7 · answered by Breakdancer Girl 3 · 0⤊ 0⤋
Good Point, but some prefer apartments because they don't have to put money into yard work, landscaping and other household up-keep.
2006-06-19 07:09:00 · answer #8 · answered by Kitten 5 · 0⤊ 0⤋
he is leaving his options open. if h wants to settle down w someone, now they can pick out a house toether. it's actually very considerate and practical.
2006-06-19 07:10:21 · answer #9 · answered by Daniel T 3 · 0⤊ 0⤋