Vote for a Condo
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Can you afford a small freehold house? Asking as I don't know the US market.
Flats in UK can be a pain.
Even when bought they now are often at the mercy of costly building maintenance firms, and even have extra floors added by builders.
And multiple neighbours.
The fewer the better. -
I have to sit down and make a final decision when I have all the relevant information and talk about it with my sister-in-law because I will have a Trust Fund and she will be its primary trustee.
She will use her power of attorney immediately to pay for a car titled in my name, a home in my name, and make a dispersement of about 20k I will then have basically as a checking account to pay bills and expenses for the rest of the year.
I will not have a mortgage. I won't have any lien holders. I don't have any debts.
Yes, there are a lot of moving financial and legal parts to owning a fee simple property by way of condominium ownership.
But the main reason I'm willing to do it is because I can't afford a single family home and I want a better quality of life than living in a rented apartment or a mobile home.
I added the HOA monthly fee which included insurance and and the prorated monthly property tax for one of these apartments (I don't remember which) and it worked out to be approximately $750/ a month.
I paid almost $900 in lot rent this month.
I understand the costs of condominium ownership can and do change.
It's in my favor that these are not condominiums built in a way or place that would make them prone to experience structural damage.
It's also in my favor that I'll have money if it's needed.
This will give you an idea of the housing market I'm up against!
Link to video -
Oh, in the US you need a car!
I don't care what anyone says about walking, biking, or taking the bus, you are dead in the water without a car. The efficiency differential is along the lines of you might be able to taxi round trip for 30 minutes of metered time, and it's expensive, or spend 2 1/2 hrs total riding a bike, or up to 5 hrs walking, to accomplish the same task.
All of the roads and the locations of the places you need to go were heavily imprinted on our infrastructure and society in the 1950's.
I got my first car when I was 16. I had one until about 7 years ago.
Living without a car in the US works for some people in large cities but for most people in most places being able to drive is something they value very highly.
My car's going to be a used car with almost no miles on it and I know it will be dead reliable, efficient, and durable.
I'm a car person. I've researched cars since before I was old enough to drive and I've bought many used cars and some new ones. This will be easy for me.
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Yeah, in Florida especially you need a car.
Daniel, if you want to learn to cook, let me recommend this - IMO the best learn-to ever. It teaches you techniques that you will need and gives you easy recipes to use with them. I had the 2000 version, but it was updated in 2018. $9 for the Kindle edition, but you could probably get it at the library to check it out.
https://www.amazon.com/Cook-Without-Completely-Updated-Revised/dp/1524761664
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Link to video
I'm a Tampa native. I never heard of people living like this let alone paying this kind of rent to do it until a few years ago.
It's almost unbelievable.
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Link to video
Local Jacksonville news story about a woman's experience with a corporate landlord.
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Too bad #1 doesn't have the view of #2.
One thing that would bother me a lot about #1 is that it looks like there could be a lot of foot traffic right by your windows.
#1 has the better kitchen, but didn't you say you weren't much of a cook?
#2 has a more pleasant exterior. And that view!
I don't like the ultra shiny floors in #2 and if I lived there I'd be covering the floors with lots of rugs.
@Bernard said in Vote for a Condo:
Too bad #1 doesn't have the view of #2.
One thing that would bother me a lot about #1 is that it looks like there could be a lot of foot traffic right by your windows.
#1 has the better kitchen, but didn't you say you weren't much of a cook?
#2 has a more pleasant exterior. And that view!
I don't like the ultra shiny floors in #2 and if I lived there I'd be covering the floors with lots of rugs.
Yeah, that floor might need a rug.
I saw a rug once made by a specific people in a specific place that I've wanted (or a copy) ever since.
The pattern is a series of rectangles covering the entire rug and in the center of the rectangles are plant motifs.
The rug's design represents a garden.
The problem is I don't remember what it's called or any other details about it.
