UnThreaded | Threaded | Whole Thread (33) | Ignore Thread Prev | Next
Author: ariechert Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59785  
Subject: Re: intercst a Homeowner Date: 10/14/2012 2:59 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
"I just bought a 2-bed, 2-bath, 1-car garage condo for about 6 times its annual rent. I paid cash, but if I assume a monthly payment on a 3.5% mortgage, mortgage + property taxes + HOA fees = 1/2 the monthly rent on a neighboring unit. That's what it takes to get me to put up with the burdens and hassles of owning a home. Unit was a Fannie Mae foreclosure. They put new cabinets in the kitchen and bathroom vanities, new carpet and paint. Place was in move-in condition I believe this marks the turn in the real estate market." - intercst
--------


Mmmmm? Pretty interesting. I wonder if this revelation might be enough to get lindytoes to buy a condo after she sells her house? She said she is tired of owning a home and upkeep. I think taking care of her giant yard has gotten to be difficult for her at this stage also.

And I guess since it's a condo that means no yard to take care of? No mowing, raking, pruning, etc.? What about when you travel? Can you turn off the heat/air conditioning and just go off and leave it during the summer (if it's in Houston, TX which is what I'm assuming?) if you decide to go to Connecticut to visit?

Art
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (33) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Nu Skin Showing its Age?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement