{I’m struggling to write this week–the words will not come!–and I found this post (that I thought I lost) in the Notes app on my iPad, so I decided to put it up. Sorry it’s kind of non sequitur.}
When we bought our house in 2012, we felt nothing but relief. The housing market in San Francisco is well known for being totally insane — only 30% of homes are owned in the city (the rest are on the rental market) so there are never many houses available to buy and the ones that are get bid on by dozens, sometimes hundreds, of people.
The rental market is similarly insane, and many people live in fear of being evicted if their place is rent controlled (via the Ellison Act, so that owners can sell their property) or getting a notice of rent hikes to the tune of $1 or $2K A MONTH. Buying a house in San Francisco provides an amount of security that isn’t necessarily present elsewhere.
In 2012 the housing market was still recovering from the recession. In San Francisco the real estate market never really dipped, but it did flat line for a while, and finding a house was probably easier than it had been in the past. Still, we habitually put in bids at $50K over asking, only find out that the winning bid was $120K over asking (for a $550K house) AND the buyers were paying in cash. We felt certain we’d never find a house we could afford.
Then we did. And we were ecstatic. The conversation about where we’d eventually live when our 800 sq ft, black mold infested apartment no longer accommodated us had always been a tense one. My husband was insistent that we stay in the city: if that didn’t work he wanted to move across the bay to Oakland. But my parents, and my job, are on the peninsula. I didn’t relish the idea of having a notoriously traffic-jammed bridge in between me and my life.
Buying a house in the city was not just about having the security of our own home, where no one could evict us or double our rent, but also allowed us to avoid some difficult decisions about where we’d go if we couldn’t stay in San Francisco.
So yes, I’m still incredibly happy that we bought our house (especially when we did – we got a great interest rate). Having said that, homeownership is a total bitch. Holy shit do we spend a lot of money on maintenance! And the fixes are only ever necessities–we never make unnecessary improvements.
This past winter we found out our heating system was insulated with asbestos. It’s not like we were breathing the stuff, but if the ducts got hit or moved (or, say, shaken in an earthquake), we’d basically have had cancerous materials floating up through the ducts. So we had to get the whole thing taken out, including the furnace, and a new heating system installed. That happened last month, to the tune of $4K.
We also have water damage. Now I don’t know much about water damage, but I can tell from the way people look at my pityingly and say, Oh I’m so sorry to hear that, like I’m announcing I have a terminal illness, that it’s probably pretty fucking bad. Right now it’s only in one spot in the main part of the house, but the back addition–the “sun room” where we eat and above where our tenant has his kitchen–is riddled with it (not down in the tenant’s unit though, thankfully). The back room didn’t used to bother me because our plan was to tear it down and build inside stairs so we could live in the tenant’s unit. Now that moving down there is not the plan, it’s stressing me out. Big time.
There are also little things. We had an electrician fixing some shady outlets and possibly adding a circuit breaker. She found a bunch of live wires that went no where and had to pull them out or cap them. We constantly have slow draining issues in our sink and bath tub (which are in our ONLY bathroom). The refrigerator needs to be replaced, but the space for it is so small it’s hard to find a model that will fit. You all remember the mouse-eating-our-washing-machine-tubes-fiasco of late last year. It’s just thing, after thing, after thing.
Frequently our parents’ “presents” to us are to get something fixed, like our faulty front gate and a portion of the electrical work that was done. This is very much appreciated, as I’d rather get something fixed than acquire stuff we don’t need. But we pay for most of the fixes, and we usually spend the money slated for savings on our house.
I sometimes wonder if homeownership is all its cracked up to be. Here in San Francisco it is almost a necessity if you want to stay for the long haul. We wouldn’t be able to spend a year abroad if we didn’t own our house (my sister’s boyfriend can’t join her for a year of grad school in London because he has to keep their rent controlled apartment–which is a disgusting pit of a place). It’s not that I’m not grateful, it’s just hard. And I wish our house weren’t so old and so cheaply made–seriously EVERY expense was spared–and didn’t require so much work.
Let’s just hope the water damage doesn’t leave us underwater.
Do you own your home? How do you feel about homeownership?