I Just Bought a Townhouse...

[coprolalia]

Okay... another Noyac "Twitter" thread...

I just put an offer on a townhouse. I close in two weeks, pending approval. Here are the details...

I looked at a place last weekend, and I thought it was a really good deal. I paid, essentially, a pretty good price on a coastal TH that's about 40 minutes from where I work.

It's a 2BR, 2Ba place that's not right on the beach, but short walking distance. It was a good deal. I paid roughly $180k, plus a $450/month association fee, for something that I will likely hold on to for a long time.

It needs a little TLC. But, at least I'll have a permanent vacation place that I can always go to. I'm renting right now, and that will give me plenty of time to fix it up the way I like it. Couldn't resist the option. I should have it completely paid off in a coupla years.

Now, it's just a matter of re-doing the interior the way I want it to look. I'm expecting to put another 30-40k into it to get it just right. Gated. Community rec area.

I'm pretty psyched.



-copro

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[Apollyon]

I didn't realize that my 2Br, 1 1/2 bath apartment here in Hawai'i, in a gated community, was in the "hood". If it is ghetto, it's the nicest, most-well put together ghetto I've ever seen.

But congrats on a good catch!

 

[pgg]

plus a $450/month association fee

LOLWUT?

Ouch.

 

[Trisomy13]

Was talking about townhouses the other day with a colleague and neither of us could see the reasoning behind buying property that shares walls with neighbors. This might be a function of living in an area where houses are plentiful and reasonable, but I couldn't do it. I need 2+ acres anyway.

Congrats though. It's got to be a good feeling owning your living space. I'm probably a year or two from settling into something.

 

[coprolalia]

LOLWUT?

Ouch.

Yeah, well, you're right. But, you gotta get on the inside of the condo association before you can negotiate those fees down. I still agree... a little steep, but the previous owner of the condo I bought paid almost $100k more for the place. So, for a relative steal, I considered it just a monthly "beach access" fee. And, I'll probably rent it out for a while anyway, so all the way around it was a bargain... at least in my book.

-copro

 

[coprolalia]

Was talking about townhouses the other day with a colleague and neither of us could see the reasoning behind buying property that shares walls with neighbors. This might be a function of living in an area where houses are plentiful and reasonable, but I couldn't do it. I need 2+ acres anyway.

Congrats though. It's got to be a good feeling owning your living space. I'm probably a year or two from settling into something.

This is just the first of what I hope will be many properties.

I don't plan to live there full-time. I will probably fix it up first and use it as a weekend escape and/or rent it out.

-copro

 

[doctor712]

This is just the first of what I hope will be many properties.

I don't plan to live there full-time. I will probably fix it up first and use it as a weekend escape and/or rent it out.

-copro[/QUOTE)

Congrats Copro. You've (unintentionally perhaps) given me hope that after MD school I'll be able to buy a home, and maybe a 2nd. Assuming Anesthesiologists can still make money, or as JPP used to say, Da Benjamins, in 9 years, and I'm going to assume that somewhere, someplace, I will be able to.

As for 450$ a month, I guess it's all relative. My father I think pays 250$ a month, and that's in safe suburbia USA. Friends of mine in LA and NY pay what's tantamount to a mortgage every month in association fees: $1,000 or $2,000/month. Sure, 450$ might be a mortgage for some, but imagine 1 or 2k a month just in FEES?!?!?!? I've also never heard of those fees being negotiated lower, but that's just me...

Enjoy,
D712

 

[Eta Carinae]

This is just the first of what I hope will be many properties.

I don't plan to live there full-time. I will probably fix it up first and use it as a weekend escape and/or rent it out.

-copro[/QUOTE)

Congrats Copro. You've (unintentionally perhaps) given me hope that after MD school I'll be able to buy a home, and maybe a 2nd. Assuming Anesthesiologists can still make money, or as JPP used to say, Da Benjamins, in 9 years, and I'm going to assume that somewhere, someplace, I will be able to.

As for 450$ a month, I guess it's all relative. My father I think pays 250$ a month, and that's in safe suburbia USA. Friends of mine in LA and NY pay what's tantamount to a mortgage every month in association fees: $1,000 or $2,000/month. Sure, 450$ might be a mortgage for some, but imagine 1 or 2k a month just in FEES?!?!?!? I've also never heard of those fees being negotiated lower, but that's just me...

Enjoy,
D712

Hear, hear!
Congrats

 

[coprolalia]

Sometimes leasing just makes more sense.

Better wrap the rascal, that's all. McCartney got himself in trouble when he made another little McCartney. Same woulda held true if there was a little Spitzer squeezed outta this bee-yotch.

However, on all other points I wholeheartedly agree. When you got that much cash (also which Spitzer didn't), always get a pre-nup. You can say a lot of things about Tiger, but you can't call him completely stupid.

-copro

 

[dhb]

[*]has great leg(s)!!

 

[cchoukal]

I don't have anything to add here, but I have to acknowledge my excitement that I was finally quoted in someone's (Dream's) sig. This is up there with med school graduation. Thanks, dude.