Big homes
Despite the economic crisis caused by the coronavirus, or should we say, because of it, homes are among the things whose cost is expected to increase in 2021. If you’ve managed to purchase a new home sometime in the past, you probably have some extra money to rely on from this source of income.
But if homes are such a profitable source of income, why aren’t penny-pinchers in on the action? The answer is simple. Because frugal people want to protect their money and savings from everything, including, or especially, a recession. They know that today’s expensive homes can reach incredibly low values if market conditions change.
In addition, a big home comes with:
- Higher taxes
- A bigger mortgage
- Higher insurance
- More frequent and more expensive repair and maintenance bills
- Bigger homeowners insurance premiums
- Bigger utility bills
Still think owning a big home is as good as some make it to be? Frugal people agree to disagree.
See also 13 Important Things That Will Become More Expensive in 2021.
1 thought on “17 Things Frugal People Never Spend Their Money On”
I did not drink public water when I lived in Vermont, Rochester, MN, and I don’t drink water here in Texas. There were radio and TV announcements to boil the water before consuming it. I was told by an MN worker to not drink the water and suggest that I install a house filter system, Here in TX the public water office says the water in Texas Meets FDA and public health guidelines. I was told by my dog’s Vet to Not give him pubic water. So I buy water that went through a reverse osmosis system, and I had the water tested. Too many states have not improved their water processing to meet the increased population and replace OLD parts before they fail. Many homes still have lead pipes or copper pipes secured with lead solder. I have an external and internal filters on my Refridgerator.