Condominium Frustration (mortgage, mortgage, fees, price)

[inquisitive2]

I purchased a condo two years ago. It’s in a quiet building, in a decent area, but I just don’t 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?

[2bindenver]

Sell & buy something more to your liking.

[oregonwoodsmoke]

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.

[Winter Sucks]

Originally Posted by inquisitive2

I purchased a condo two years ago. It’s in a quiet building, in a decent area, but I just don’t like condos. To me they are overpriced glorified apartments with their own sets of problems.

What are some of the problems you're having?

[leastprime]

Originally Posted by inquisitive2

I purchased a condo two years ago. It’s in a quiet building, in a decent area, but I just don’t 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?

[rrah]

Moved to a lower COL area.

[LifeIsGood01]

Originally Posted by inquisitive2

I purchased a condo two years ago. It’s in a quiet building, in a decent area, but I just don’t 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.

[luckeeesmom]

It might also cost you on taxes if you are eligible for mortgage interest deduction (assuming you financed the condo.)

[blueherons]

Are you just venting?

[HDWill1]

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.