U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 04-26-2018, 11:38 AM
 
199 posts, read 125,483 times
Reputation: 339

Advertisements

I purchased a condo two years ago. Itís in a quiet building, in a decent area, but I just donít like condos. To me they are overpriced glorified apartments with their own sets of problems.

I would sell but rents in my geographic area are so high. I would probably have to pay $300 per month increase, at a minimum, to get an apartment.

Very frustrated. I remember the days when homes were affordable and rents for full-sized apartments were manageable.

Anyone else feeling these frustrations? If so have you done anything to combat your frustrations?
Quick reply to this message

 
Old 04-26-2018, 11:47 AM
Status: "October is the eighth month" (set 18 days ago)
 
Location: Just south of Denver since 1989
10,676 posts, read 28,486,584 times
Reputation: 6842
Sell & buy something more to your liking.
Quick reply to this message
 
Old 04-26-2018, 11:59 AM
 
Location: North Idaho
20,999 posts, read 25,737,156 times
Reputation: 39357
So you want to sell your glorified apartment to move into an apartment? Do I understand that correctly?

There has been no time when rents were really affordable and house available to purchase for anyone. When rent was lower, so was the paycheck. It's always been a struggle for low end of the pay scale to afford a place to live.

One difference, though, is that local governments have shut down residential motels and forced garage and basemen apartments to be closed up. The really cheap places are gone because the government insists that they meet middle class health and safety standards. No more apartment for half the going rate because there is no bathtub.
Quick reply to this message
 
Old 04-26-2018, 12:08 PM
 
506 posts, read 222,547 times
Reputation: 1314
Quote:
Originally Posted by inquisitive2 View Post
I purchased a condo two years ago. Itís in a quiet building, in a decent area, but I just donít like condos. To me they are overpriced glorified apartments with their own sets of problems.
What are some of the problems you're having?
Quick reply to this message
 
Old 04-26-2018, 12:09 PM
 
Location: midvalley Oregon and Eastside seattle area
2,900 posts, read 1,344,207 times
Reputation: 2410
Quote:
Originally Posted by inquisitive2 View Post
I purchased a condo two years ago. Itís in a quiet building, in a decent area, but I just donít like condos. To me they are overpriced glorified apartments with their own sets of problems.

I would sell but rents in my geographic area are so high. I would probably have to pay $300 per month increase, at a minimum, to get an apartment.

Very frustrated. I remember the days when homes were affordable and rents for full-sized apartments were manageable.

Anyone else feeling these frustrations? If so have you done anything to combat your frustrations?
I may be in the market for another rental.
Where?
Quick reply to this message
 
Old 04-26-2018, 01:13 PM
 
Location: Bloomington IN
5,861 posts, read 7,082,141 times
Reputation: 14068
Moved to a lower COL area.
Quick reply to this message
 
Old 04-26-2018, 01:29 PM
 
10,265 posts, read 6,491,094 times
Reputation: 10837
Quote:
Originally Posted by inquisitive2 View Post
I purchased a condo two years ago. Itís in a quiet building, in a decent area, but I just donít like condos. To me they are overpriced glorified apartments with their own sets of problems.

I would sell but rents in my geographic area are so high. I would probably have to pay $300 per month increase, at a minimum, to get an apartment.

Very frustrated. I remember the days when homes were affordable and rents for full-sized apartments were manageable.

Anyone else feeling these frustrations? If so have you done anything to combat your frustrations?
Better an affordable glorified apartment than pay $300 more for an unglorified apartment.

You should be grateful, sound like you have a nice place in a decent area in a quiet building. Rents are only going to go higher, a condo mortgage won't go up only the HOA fees and taxes might, but rents should outpace that unless there are no reserves and a major repair is need in your building.
Quick reply to this message
 
Old 04-26-2018, 02:25 PM
 
570 posts, read 221,565 times
Reputation: 655
It might also cost you on taxes if you are eligible for mortgage interest deduction (assuming you financed the condo.)
Quick reply to this message
 
Old 04-26-2018, 02:57 PM
 
Location: Fort Lauderdale, Florida
8,139 posts, read 7,463,231 times
Reputation: 17039
Are you just venting?
Quick reply to this message
 
Old 04-26-2018, 03:12 PM
 
128 posts, read 50,000 times
Reputation: 225
I admit I have put off looking at moving from my apartment to a condo due to fears about quality of life issues like sound insulation being worse than my current place, which may be difficult to really determine before buying.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top