Owning a piece of the Earth and a home is the cornerstone of the American dream, but this major-for-most asset comes with these costs aside from the generally hefty mortgage:
* boredom, stemming from looking at same views, shopping in same stores, driving on same roads, over and over again
* inability to choose neighbors
* exposure of level of personal financial worth (gauged by value of home)
* pressure and cost of maintaining it
* limited gifting opportunities
* value dependent on others
* nontransportability
* vulnerable to misnamed acts of God (hurricanes, earthquakes, floods, wildfires)
* subject to regulatory rules and taxation by governments (local.state, federal)
* generates close-up, rather than panoramic, view of world and of one's life
No wonder they call its purchase "a closing".
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