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Buying a condo
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| dance2dabeat |
Ok...so I am moving out of my apartment as of sept 1st...looking into buying a condo. I will have a roomate so I am looking for a good deal on a 2 bedroom.
Any help would be appreciated.
Thanks :) |
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| Vivid Boy |
heres my best advice kelly. since i follow the market and wrk in the industry.
DONT DO IT!!!!!!!!!!!!!!! WORST MISTAKE ULL EVER MAKE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!UR GONNA GO BANKUPT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!
that is all. please dont take this post as joke neither |
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| vickyvale |
Yay Kelly! Come see me for mortgage..lol
But seriously..shop around!!! Don't just go to your bank cuz you've been there for so long...although that way (sometimes) it's easier to get an approval.
Good luck!!!
I know that wasn't MUCH help..lol..sorry. |
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| dance2dabeat |
eric says to rent for another yar..before thinking of buying....
any thoughts anyone?? |
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| FunkyGroove |
| need a roomie? condo is my dream :) |
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| vickyvale |
| quote: | Originally posted by dance2dabeat
eric says to rent for another yar..before thinking of buying....
any thoughts anyone?? |
I say go for it. Think of how much of your mtg you'll have paid off in a year opposed to renting which will get you no where...speaking from experience here. Been renting for 7 years now...I would be half way to owning my own home/condo by now!
Why do you think she should wait, Eric?? |
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| El Kay Dee |
| quote: | Originally posted by vickyvale
I say go for it. Think of how much of your mtg you'll have paid off in a year opposed to renting which will get you no where...speaking from experience here. Been renting for 7 years now...I would be half way to owning my own home/condo by now!
Why do you think she should wait, Eric?? |
well theres a house and a condo...go in for a condo and ur gonna pay even after u pay off the mortgage....for all the different aspects...freehold house however, ur not gonna pay after mortgage is paid off |
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| Sasha |
| if u buy one, it better be on the deserted island ;) |
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| vickyvale |
| quote: | Originally posted by El Kay Dee
well theres a house and a condo...go in for a condo and ur gonna pay even after u pay off the mortgage....for all the different aspects...freehold house however, ur not gonna pay after mortgage is paid off |
You make a valid point, Liam. I don't think that Kelly is gonna live in a condo forever though. Owning a condo would be an excellent investment. I say go for that rather than renting another year.
My 0.02 |
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| Vivid Boy |
| quote: | Originally posted by vickyvale
I say go for it. Think of how much of your mtg you'll have paid off in a year opposed to renting which will get you no where...speaking from experience here. Been renting for 7 years now...I would be half way to owning my own home/condo by now!
Why do you think she should wait, Eric?? |
beacsue the market is at its peak right now. its been in an inflatted bubble for the last 2 years and right now its abt to burst. unemployment is rasing, CPI is raising, and alot of focus now is out west. The market is gonna crash and we're going to be in a recession in the next 2 years. to buy a condo now when the market is at its peak is to throw away 200 g's. ull never recover the money u spent on your condo. EVER! the prices are riduculous now and condos don't retain their value. they depreicate as time goeson. theyre not like the housing market. leave the condos to the 70 yr old widowers who cant physically take care of a house anymore and have a fat ass bank account and not looking to make a buck. condos are not an investment. save ur money, the housing market is gonna crash soon too. thats when u buy.
+ right now condo fees are just as expensive as renting. ur gonna have to pay ur mortgage plus ur 600 dollar monthly condo fee that raises as the building gets older.
plus when the market crashes u will not be able to afford the jump from 3% intrest rates to 16%. the bank is just gonna end up owning ur condoand ull be out on the street drinking puddles |
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| dance2dabeat |
| faaackkkkk :sadgreen: |
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