Problems with real estate

What are the disadvantages of owning a mansion?

There are some great answers here, I’ll tackle another angle. Maybe I’m old fashioned and conservative.

I’m a big fan of living beneath your means. A mansion is the antithesis of that, a peacock home with little utility. I strongly prefer a small, well-built and “cozy” environment to spend my time and raise my family.

I don’t see a mansion as a much better investment than a yacht, expensive to buy, maintain, and if you’re lucky you can sell for what you bought it for. I’m no real estate agent but my guess is there are much larger swings in luxury property values based on the economy.

Also, what do you actually do in a house? How far do you want to walk to get to the bedroom or bathroom, how many flights of stairs do you feel like traversing?

The expenses are obvious, every square foot is that much more to clean, maintain, put a roof on, and provide HVAC for. AND pay taxes on :)

In disclosure, I live in a 1470 square foot ranch with a partially finished basement, so about 2000 square feet of living space with my wife, 2 kids, 2 cats, dog and parrot and I never feel like we’re lacking for room.

My favorite saying “The richest man alive is the one who realizes he has enough”. Really sings to me!


Source: https://www.quora.com/What-are-the-d...ning-a-mansion



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Nice sharing, thank you. BTW, this is the main reason I'm selling the house in the UK I inherited not so long ago. But there is a problem - I don't know how to sell it. Because there are no buyers.

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Originally Posted by Demixl

Nice sharing, thank you. BTW, this is the main reason I'm selling the house in the UK I inherited not so long ago. But there is a problem - I don't know how to sell it. Because there are no buyers.

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Well, if there are no buyers, then you won't be able to sell it. Why there are no buyers? Maybe the price is too high? Or maybe it's because people don't have money right now. I had a problem because of this too. I tried to sell my old house in the London suburbs, but nobody came to buy it. Then one of my friends told me about this https://www.thepropertybuyingcompany.co.uk company. He told me that they can buy it. And they actually did. They bought it for a good price, I moved to the NYC and now I have a house here.

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Originally Posted by Abordage

Well, if there are no buyers, then you won't be able to sell it. Why there are no buyers? Maybe the price is too high? Or maybe it's because people don't have money right now. I had a problem because of this too. I tried to sell my old house in the London suburbs, but nobody came to buy it. Then one of my friends told me about this https://www.thepropertybuyingcompany.co.uk company. He told me that they can buy it. And they actually did. They bought it for a good price, I moved to the NYC and now I have a house here.

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I see on their website info that in 24 hours house can be sold to them. Serious, amazing. My Grannys house will not be a problem to sell it with them.

If you have problems with your real estate, I suggest you change the agent and the location that you want. There will be always problems with a bad agent. Change it with someone that knows what he is doing. I suggest you change the real estate agent with someone from https://www.antonzhouk.com.au/ and you won't have any problems. I am saying this with my own experience. I have bought a big mansion with him and I haven't had any problems with it. I love how he worked with me and how he talked about the mansion. He told me everything about it. Strongly recommend.

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