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against better advice, i'm going to make an offer on a condo
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Date: January 31st, 2023 5:14 PM Author: Opaque Vigorous Prole pretty cheap, like the location, less of a shithole than the hovel i've been renting for years, and i really need a series of changes. anything i should know? (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45869096) |
Date: January 31st, 2023 5:18 PM Author: Glittery library How much in reserves Any special assessments Can you rent it, and what are the restrictions Last time major shit like roof and asphalt were done |
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Date: January 31st, 2023 5:22 PM Author: Opaque Vigorous Prole the hoa's reserves or mine? i have no idea what i'm doing, parents thought real estate was beneath them and hence passed on no knowledge. this is a first for me personally. no special assessments. yes. main restriction on renting is no UG's, which i'm fine with. roof realtor said 90's. the place was built in the 50's. i didn't ask about asphalt. |
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Date: February 3rd, 2023 9:37 AM Author: Claret electric sneaky criminal The HOA's reserves. If it's low it means you'll have a special assessment if something big breaks in the building. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45881127) |
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Date: January 31st, 2023 5:20 PM Author: Dull Lascivious Step-uncle's House condos don't appreciate in value, interest rates are sky high and you have 10k in savings total, why would you do this (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45869126) |
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Date: January 31st, 2023 5:24 PM Author: Opaque Vigorous Prole i have 20k now somehow and to be perfectly honest, dad said he would help for once if i found something cheap enough. (this is a first in lifetime event.) (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45869158) |
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Date: January 31st, 2023 5:24 PM Author: Gaped clear cuckold Buying a shitty condo because you need a change is a terrible idea (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45869159) |
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Date: January 31st, 2023 5:26 PM Author: Opaque Vigorous Prole i live in a shithole with no heat and a front door whose knob breaks weekly, inter alia. the rent has increased over 10% this year and the landlord still won't fix shit. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45869183) |
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Date: January 31st, 2023 5:28 PM Author: Gaped clear cuckold I'm not saying don't move (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45869198) |
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Date: January 31st, 2023 5:30 PM Author: Opaque Vigorous Prole i'm getting very tired of renting, but objection that i'm an idiot when it comes to housing is duly noted and acknowledged. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45869213) |
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Date: January 31st, 2023 5:33 PM Author: black appetizing stock car lettuce Fuck HOAs. Terrible move Lex (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45869222) |
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Date: January 31st, 2023 5:34 PM Author: Opaque Vigorous Prole even most houses where i live have HOAs. there aren't really "good" options. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45869227) |
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Date: January 31st, 2023 10:04 PM Author: Opaque Vigorous Prole fucking hell. i'm going to put 10k in an escrow. dad is going to put another 10k in. i might well get fucked if he ends up saying something like "i just taught you a valuable lesson about assuming things without contracts, squirt", but i don't think he's that cruel. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45870403) |
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Date: January 31st, 2023 11:10 PM Author: Apoplectic overrated cuck fuck the haters. not everyone wants or needs or can afford and maintain a SFH.
at a minimum, buying a condo hedges a large part of your housing costs against inflation. |
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Date: January 31st, 2023 11:13 PM Author: Bistre shitlib cant think of a worse time
wait 6 months |
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Date: January 31st, 2023 11:58 PM Author: Dull Lascivious Step-uncle's House with lex's luck if he buys it the market will then crash, if he doesn't it will stay elevated indefinitely (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45870923) |
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Date: February 1st, 2023 1:29 AM Author: Bistre shitlib i need lex to buy this condo in like 9-12 months then (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871077) |
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Date: February 1st, 2023 1:42 AM Author: Vivacious cuckoldry candlestick maker not all markets are going to crash, it will be very regional. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871096) |
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Date: February 1st, 2023 7:54 AM Author: Opaque Vigorous Prole ah fuck this seems right (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871347) |
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Date: February 1st, 2023 11:53 AM Author: Dull Lascivious Step-uncle's House (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45872143) |
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Date: February 3rd, 2023 5:34 PM Author: Bistre shitlib (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45883697) |
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Date: February 1st, 2023 12:44 AM Author: Metal location [Michael Scott] (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45870997) |
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Date: February 1st, 2023 1:44 AM Author: Ruby stirring faggotry I wish I could afford a condo. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871099) |
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Date: February 1st, 2023 1:45 AM Author: Yellow flatulent personal credit line lay If you go through with buying a condo you are in the running with disco fries for "XO's top schlemiel" (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871102) |
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Date: February 1st, 2023 7:58 AM Author: Opaque Vigorous Prole i'll make it work. it'll just be a long summer of fixing up a shithole, if it goes through. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871353) |
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Date: February 1st, 2023 1:46 AM Author: titillating honey-headed nursing home multi-billionaire Do it man. I bought a 1.5MM home which no doubt will go down in value but I'm not a fuckface "investor", I'm just looking for a place to live in.'
If you fucks with the condo and the area, then go for it, homie. |
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Date: February 1st, 2023 1:53 AM Author: Wine Charismatic Fanboi 20k as downpayment? what sort of ghetto is this? (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871110) |
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Date: February 1st, 2023 1:56 AM Author: Ruby stirring faggotry You can buy a $350k condo with a $20k down payment. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871113) |
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Date: February 1st, 2023 2:01 AM Author: Wine Charismatic Fanboi I thought the conventional wisdom was around 20% downpayment. Can lex secure the loan with that little downpayment? (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871119) |
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Date: February 1st, 2023 2:02 AM Author: Ruby stirring faggotry lex is hardly bound by conventional wisdom! But yes, you can secure a loan with much less than a 20% down payment, gramps. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871120) |
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Date: February 1st, 2023 2:04 AM Author: Wine Charismatic Fanboi and then having just 10k leftover to cover any repairs or incidentals, or to pay HOA, but doubling as emergency fund. meanwhile, job security is non-existent. i'm nervous for him. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871123) |
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Date: February 1st, 2023 12:55 PM Author: Opaque Vigorous Prole i already have classes lined up until next fall, at least. this is after having more than one seizure/fainting spell in different classes. i'm starting to feel a little more secure. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45872518) |
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Date: February 1st, 2023 6:42 PM Author: Wine Charismatic Fanboi not my intention to be a rain on your parade. It certainly seems like a huge quality of life improvement, which may be more important than some (((conventional wisdom))).
happy for you. keep us poasted with pics and such! |
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Date: February 1st, 2023 2:36 AM Author: Rambunctious Supple Giraffe upgrading your place from abject shithole to decent enough condo when your single and younger is worth the possibility you take some kind of long term financial L and can afford less house when you're 70 (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871148) |
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Date: February 1st, 2023 7:56 AM Author: Opaque Vigorous Prole ty, that's more or less my thinking. i'm not trying to invest or flip. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871350) |
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Date: February 1st, 2023 8:02 AM Author: Smoky home feces You sound like you’re rushing into this. Have you shopped around? Done all your due diligence? Figured out HOA issues etc? (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45871354) |
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Date: February 1st, 2023 8:04 AM Author: Opaque Vigorous Prole > rushing into this i'm gay and retarded > shopped around yes, i love my area but it's pretty brutal for RE > due diligence isn't that what you do during escrow? > HOA issues no, no i haven't. any recs? |
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Date: February 1st, 2023 8:39 AM Author: odious address turdskin Find out when the last major work to sewer lines happened. I know one building where everyone had to rip out newly renovated kitchens so they could replace the drainage stack.
Is it in a vacation area where people would be incentivized to add more interior sleeping space for $$$? Saw a different place where some owners added “lofts” in their living rooms and the whole building was structurally fucked |
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Date: February 1st, 2023 11:53 AM Author: Opaque Vigorous Prole made the offer. jfc RE is nervewracking. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45872140) |
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Date: February 1st, 2023 6:47 PM Author: Blathering Flirting Athletic Conference Filthpig 180. Ignore all the advice above about when is a good time or bad time. Who cares. No one knows what's gonna happen tomorrow either. You only live once and none of this stuff goes to the grave with you. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45874075) |
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Date: February 1st, 2023 7:02 PM Author: Opaque Vigorous Prole tyft. yeah, i've never really been able to own before and didn't grow up with examples of what it looks like, so... i'm enjoying the journey. apologies in advance everyone for some really mundane threading once i secure a deal. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45874161) |
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Date: February 4th, 2023 12:10 PM Author: Opaque Vigorous Prole i'm in hell (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886299) |
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Date: February 4th, 2023 12:11 PM Author: Dull Lascivious Step-uncle's House what now? (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886306) |
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Date: February 4th, 2023 12:13 PM Author: Opaque Vigorous Prole dad's knowledge of contracts is very state-specific and i live across the country. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886322) |
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Date: February 4th, 2023 12:14 PM Author: Concupiscible set nowag ? (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886329) |
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Date: February 4th, 2023 12:16 PM Author: Opaque Vigorous Prole what the hell are credits after a sale? i've never heard this language (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886344) |
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Date: February 4th, 2023 12:17 PM Author: Concupiscible set nowag Very common. You're essentially negotiating the list price after making the offer. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886359) |
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Date: February 4th, 2023 12:19 PM Author: Opaque Vigorous Prole i'm incredibly retarded (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886370) |
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Date: February 4th, 2023 12:14 PM Author: Dull Lascivious Step-uncle's House you're not using a real estate agent to represent you on the buy side? you probably should as its your first time and its a liability shield to protect u. if u don't have anyone you could use the listing agent to dual rep. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886330) |
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Date: February 4th, 2023 12:16 PM Author: Opaque Vigorous Prole i have an agent, he thinks he knows better, though. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886351) |
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Date: February 4th, 2023 12:11 PM Author: Concupiscible set nowag ? (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886311) |
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Date: February 4th, 2023 12:15 PM Author: 180 dingle berry mood 🍿🥤 (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886337) |
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Date: February 4th, 2023 12:22 PM Author: Cracking knife (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886379) |
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Date: February 4th, 2023 12:33 PM Author: Opaque Vigorous Prole (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886424) |
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Date: February 4th, 2023 12:46 PM Author: Yellow flatulent personal credit line lay (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886486) |
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Date: February 4th, 2023 1:05 PM Author: Opaque Vigorous Prole you're welcome to come with me on the inspection. i can't imagine i'm doing much else that day. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886573) |
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Date: February 4th, 2023 2:58 PM Author: Yellow flatulent personal credit line lay Aren't you in the south? Even N. Alabama is like 7hr from here But yes, as a rabid MDE fan I've been watching Scuffed Realtor religiously, I could help you out. |
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Date: February 4th, 2023 4:22 PM Author: Opaque Vigorous Prole I'm from the south, live out east now. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45887370) |
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Date: February 4th, 2023 5:39 PM Author: Yellow flatulent personal credit line lay Even better, 10h thru Pennsylvania anything for u tho lex |
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Date: February 4th, 2023 5:49 PM Author: Opaque Vigorous Prole i think we're 3 hours apart if you are where i assume, but ur always welcome (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45887603) |
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Date: February 4th, 2023 6:07 PM Author: Yellow flatulent personal credit line lay I'm at the school where we're gonna throw away our #1 spot to our rival in a few minutes (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45887653) |
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Date: February 4th, 2023 6:43 PM Author: Opaque Vigorous Prole sweet, come hang (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45887797) |
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Date: February 4th, 2023 6:46 PM Author: Yellow flatulent personal credit line lay I have spring break plans but we'll see what pans out in the summer when I'm *really* wasting my life (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45887809) |
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Date: February 4th, 2023 1:23 PM Author: Slippery excitant half-breed So let me get this straight: You are an adjunct with no job security. You still have delusions of a real academic job. You have no savings. And you're buying a condo when both real estate prices and mortgage rates are sky high? Did I get this right? What could possibly go wrong with this plan? JFC.
To point out just one obvious problem, what the fuck are you going to do if you get a tenure track offer on the other side of the country next fall? Just try to sell the condo at a huge loss? Did you think this through at all? |
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Date: February 4th, 2023 1:24 PM Author: Opaque Vigorous Prole you got part of this very wrong: i have no delusion of a real academic job. i'm not getting an offer on the west coast or anywhere for a full TT job. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886630) |
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Date: February 4th, 2023 3:06 PM Author: Wine Charismatic Fanboi not to be mean, but the other parts of his poast are very valid. what happens if something happens and you need to do some repairs on it. would you even be able to meet the deductible if your insurance covers it? it seems you are buying with no money left over. (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45887069) |
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Date: February 4th, 2023 3:14 PM Author: Dull Lascivious Step-uncle's House (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45887100) |
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Date: February 4th, 2023 4:33 PM Author: Opaque Vigorous Prole i'm assuming i'll have to put in ~20k (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45887411) |
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Date: February 5th, 2023 1:21 AM Author: Slippery excitant half-breed Well, if you prefer, I could have been more realistic and said, "What are you going to do when your department's budget gets cut and they shitcan your ass and you have to accept another $20k adjunct position in rural Alabama?" But I was trying not to be a dick (or an even bigger dick, at any rate). (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45888925) |
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Date: February 4th, 2023 1:30 PM Author: Concupiscible set nowag (http://www.autoadmit.com/thread.php?thread_id=5281662&forum_id=2#45886642) |