I was checking out the old neighborhood of my youth on the Internet the other day. I was amazed that a lot of the names of property owners there were still familiar to me.
It seems that about half of the homes were still owned by the same families that lived there in the 1960s. Which led me to draw several anecdotal conclusions:
Back then, a home was not a commodity. It was part of a community where you lived, worked, retired, and eventually passed on to an heir.
The houses were simple and sturdy, and always well maintained. Even after 50 years in the extreme climate ofWestern Pennsylvania, they still look much the same as they did when they were constructed.
Society has changed. We move a lot more now. We rarely know our neighbors beyond the immediate contiguous lots.
So it’s no wonder that a house as a commodity is considered to be nothing more than a financial asset or liability.
I liked it better when it was just HOME!