Tag Archives: real-estate

Homeownership

This week, a few words on homeownership.—Click here to support the Wednesday Blog: https://www.patreon.com/sthosdkane


This week, a few words on homeownership.


For most of my adult life I never really thought that I’d ever own my own house whether through the pure economics of trying to buy a house in the neighborhoods that I like here in Kansas City or in the other cities I’ve applied for jobs in. There have been the odd moments though when homeownership seemed within reach, as a sort of mirage just on the edge of my vision. In these instances, the circumstances that would’ve allowed me to buy a home faded away, yet by getting that taste of the possibility of it this future still feels probable.

The arguments for homeownership are financial, having a stake in the local economy through your home value, and aspirational of having control over your future in this fortress that you can truly make your own. To every man his castle, right? I do have ideas for a dream home, ways I’d decorate it, ways I might even add onto it. There are ways that I could modernize one of the century old homes here in Brookside to be more energy efficient, to run on renewable power, and to feel futuristic for even the 2020s. I want to have lots of color in my home, whether in patterned tilework or in the art that I’d hang on the walls. I also want to have a room set aside as a library for the practicality of needing to store all my books, yet also as a place to work.

There are days when I still sometimes think about the houses I considered buying. Now it’s as if I’m remembering the memory of these places where I was thrilled to imagine myself living. That hope at the heart of all of this is what keeps me engaged and actively trying to move my career forward. Today, writing this it’s hard to imagine me owning a house as my professional life continues to exist in its malaise waiting for things to happen. I’d rather not be so rooted in one place as the potential for my life to wander from place to place is too good to let pass by.

To this end, Jennifer Denbow, a Professor of Political Science at Cal Poly, San Luis Obispo made a very strong case for renting or even condo ownership in her recounting of her family’s struggles to buy a home in their city in an article in the February 2025 issue of Commonweal. I usually don’t underline text in magazines, the better to preserve the physical artifact for someone else to read. Yet in this instance, I was drawn to Professor Denbow’s affirmation that living in a multifamily development allows the “building of community and solidarity,” something much needed today. The investment here is in the community itself, less in the property which can drive individuals to support restrictive housing policies which keep the housing stock low and house prices high.

In my experience the reality of this community and solidarity depends upon the people living in close proximity with one another. I knew many of my fellow tenants in my building in London, yet I knew them far better than I did my downstairs neighbors in Binghamton. In London we had more in common, all of us were students––a mix of undergrads and postgrads––and all of us were new to that city and learning about it as we lived in it together. The same could be said for my dormmates at Rockhurst and during my summer study abroad session at Westminster. We became fast friends through our mutual situations and interests. This common bond is necessary if any solidarity is to be achieved.I suppose homeownership for me is one of those standards of American life that wavers in and out of range for me. I might buy a house or a condo someday, but it’s never been a guarantee. I know the sorts of places that I like in the cities where I want to live. Where the next year or two will take me remains uncertain.