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/biz/ - Business & Finance

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51634121

Anonymous Mon Sep 26 05:25:33 2022 No.51634121 [Reply] [Original]

Anyone here own a condo? Is it worth it to buy one or no? I'm gonna finish college soon and I'm not sure if I should buy one or not. The main reason I want to buy one is because I want to own property and I don't want to throw away money paying rent. But I'm deadly afraid of buying the wrong unit or being stuck with a condo I cannot sell later. I live in the NYC area and I'm looking at condos in the NYC suburbs, mainly in or around Yonkers because the crime rates are way lower than NYC and I want a place with a garage.

Anyone have any advice for me? How long would I need to own it before I make my money back and more? Also, I've noticed a lot of these condos on Zillow were brought recently and are being sold for way more than the inflation rate would be, for example condos brought for 70k just a few years back are now being sold for 120-150k. Is it a good idea to avoid those units? I feel like there's no way the value isn't gonna go way down on those. Besides that anything I should look for? I'm not buying one as an investment for now but I would want to rent it out if I decide to move somewhere else.

>>	Anonymous Mon Sep 26 05:26:24 2022 No.51634133 Fuck off already you euro faggot, good morning by the way, mods do your job.

>>	Anonymous Mon Sep 26 05:26:43 2022 No.51634138 As for price range I'm planning to be super conservative, as in no more than 2x my salary. So if I land a job making 70k I'm not going past 140k in price, depending on how much I have for the down payment.

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Anonymous Mon Sep 26 05:27:35 2022 No.51634148

>>51634121

>>51634121

yea dont do it. HOA fees never ever go down, only up every single year. And they also tell you to follow dumb rules and the people who run it are retarded. I live in townhome style condo with a garage and everything and I regret it. Just don't do it.

>>	Anonymous Mon Sep 26 05:27:44 2022 No.51634152 >>51634133 Did you forget to take your retard pills again?

>>	Anonymous Mon Sep 26 05:27:52 2022 No.51634153 >>51634133 >mods do your job Imagine being this much of a bootlicker.

>>	Anonymous Mon Sep 26 05:28:44 2022 No.51634160 >>51634121 No but I can get you one that needs work for about 230k

>>	Anonymous Mon Sep 26 05:29:16 2022 No.51634166 >>51634133 What makes you think OP is euro? They indicated they're in NYC, looking to live near NYC, and they're "gonna finish college," not "uni." What's the red flag here indicating euro?

>>

Anonymous Mon Sep 26 05:30:04 2022 No.51634171

>>51634148
What would you suggest I do instead? I don't want to buy a house just to live in it all by myself. I feel like it's way too much overhead and I'd be tied down to this area. What kind of rules do they have that you don't like? I feel like it wouldn't be that bad if they keep retards and niggers in check from doing shit like playing loud music all day or hanging out on the porch for literally no reason.

>>51634166
>What makes you think OP is euro?
He's literally retarded, there's nothing in my post that remotely suggests I'm European.

>>	Anonymous Mon Sep 26 05:30:22 2022 No.51634175 >8 replies on a dead board in less than 3 minutes Yup tranny discords awake. Collectively kill yourselves.

>>	Anonymous Mon Sep 26 05:31:04 2022 No.51634179 >>51634175 Half of the replies are from calling out your retarded ass

>>	Anonymous Mon Sep 26 05:32:01 2022 No.51634187 File: 220 KB, 428x443, 1632984960582.png [View same] [iqdb] [saucenao] [google] >>51634121 didnt read your gay post about condo's but enjoy pic rel

>>	Anonymous Mon Sep 26 05:32:46 2022 No.51634194 >>51634187 Cool but read it I need help

>>	Anonymous Mon Sep 26 05:33:59 2022 No.51634201 sex with a finnish cat

>>	Anonymous Mon Sep 26 05:34:34 2022 No.51634209 >>51634194 >Eurosamefag admits to samefagging to bump his faggot thread I hope Putin bombs your faggot ass jesus christ.

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Anonymous Mon Sep 26 05:36:35 2022 No.51634225

>I'm a nigger and samefag and make shitty gay threads to post this picture and samefag relentlessly even no nobody actually replies
Jesus christ I hope someone raped you or some shit to give an excuse to your attention seeking behavior.
>>/biz/thread/S51283568

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Anonymous Mon Sep 26 05:38:13 2022 No.51634240

>>51634194
I live in Australia so im not touching realestate, house prices are already falling here but its just the start i think, i believe its similar in the states as well, if i were you i would hold out on buying atm and moniter house/unti prices and act accordingly

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Anonymous Mon Sep 26 05:40:23 2022 No.51634259

>>51634171

i mean in all honesty its gone up over 2x in price over the past 7 years so it wasn't actually that bad ig. The HOA has done several things like check fire alarms, paint outside, etc. Honestly painting the outside is fine, but anything they do they do it on their schedule and not yours so it is a pain. Basically you can't have anything outside because then some HOA pinhead will complain. And officially you're not supposed to store stuff in the garage (but everyone does it so it's probably don't ask don't tell)

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Anonymous Mon Sep 26 05:43:00 2022 No.51634279

I do. The HOA fee is low and reasonable. It's in an unremarkable area in suburban flyover land but I can walk to a couple grocery stores and there's some parks around so I don't mind. Something I would say to keep in mind is 1) your neighbors and 2) condos don't appreciate in value unless they're somewhere in-demand

My condo was $80k kek

>>	Anonymous Mon Sep 26 05:43:52 2022 No.51634290 >>51634279 >>51634259 >>51634240 There we are with that fag talk again.

>>	Anonymous Mon Sep 26 05:45:13 2022 No.51634309 File: 27 KB, 511x428, 1632969343871.jpg [View same] [iqdb] [saucenao] [google] >>51634290 i dont like this poster

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Anonymous Mon Sep 26 05:45:20 2022 No.51634314

>>51634240
Fair enough, I'm gonna graduate in the summer of 2023 so I have time. I figure if nothing else I'll just move to that area, rent for 6-12 months, and if I like living there I'll pull the trigger on buying a place. Do people buy condos with the intention of flipping them for more money or are prices just overinflated right now? I can't think of any other reason something would buy a condo for 70-90k just to turn around and sell for almost double what they paid not even 5 years later.

>>51634259
I'm gonna guess you've had something check out the place and tell you the value? And honestly I'm fine with that as long as they aren't bitching about what I do with my own unit. I'm more worried about having a shitty HOA that doesn't keep the low lives in check or not allowing me to rent it out. But I'd have to look more into this myself.

>>51634279
Yeah having shitty neighbors is a definite concern. What were some things you looked at before you brought? Was there any particular reason you brought where you did? Did you take stuff like crime and schools into consideration? Schools I don't care about but I'm definitely not trying to live in the hood or near it.

>>	Anonymous Mon Sep 26 05:46:21 2022 No.51634325 >>51634309 Just ignore that retard hopefully he'll go away on his own

>>	Anonymous Mon Sep 26 05:46:58 2022 No.51634334 >>51634314 BLAH BLAH BLAH SHIDDDING AND FARDDING SHIDDDING AND FARDDINGSHIDDDING AND FARDDINGSHIDDDING AND FARDDINGSHIDDDING AND FARDDINGSHIDDDING AND FARDDINGSHIDDDING AND FARDDING Why dont you post some more eurofag shit tranny this isn't your blog.

>>	Anonymous Mon Sep 26 05:47:05 2022 No.51634337 I would unironically pay 10 BTC to suck Sanna Marin's clit.

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Anonymous Mon Sep 26 05:48:33 2022 No.51634350 [DELETED]

[DELETED]

>>51634337
>>51634325
>>51634314
>>51634309
This is the whole fucking point of this god damn post.
All the "talk" is noise it's to post her pic and slam this bullshit down our throats as part of europol raiding.

Kill yourself OP
>>51634225
Refer to his last thread

>>	Anonymous Mon Sep 26 05:49:28 2022 No.51634358 >>51634314 ive had appraisals more than once now. It's gonna drop a bit but not reset back to the 2015 price. housing tends to move in 4 year cycles with the last top being 2018, and last bottom was 2020, so your plan to rent before buying is good

>>	Anonymous Mon Sep 26 05:50:13 2022 No.51634363 >>51634358 Shut the fuck up your fucking waste of oxygen I hope your family dies in a horrible fucking way you piece of subhuman shit.

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Anonymous Mon Sep 26 05:53:00 2022 No.51634392

>>51634358
So I'd have to own for at least 4-5 years to move my money back and more? The problem is I keep seeing conflicting information about how much condos go up in value. What about living in one in general? Is it comfy for the most part? I like the idea of owning one, if for no other reason I own a place and can always move back into it if I want to, even with the ridiculous eviction laws in New York.

>>	Anonymous Mon Sep 26 05:55:45 2022 No.51634425 >>51634392 Nobody fucking cares pedo faggot kill yourself.

>>	Anonymous Mon Sep 26 05:57:37 2022 No.51634448 buy high sell low

>>	Anonymous Mon Sep 26 05:58:03 2022 No.51634453 File: 390 KB, 904x711, 1629688362463.png [View same] [iqdb] [saucenao] [google] >>51634425 anon have you take your meds this month? you are acting shitzo and im afraid you will only get worse take meds

>>	Anonymous Mon Sep 26 05:58:56 2022 No.51634461 >>51634453 >AWW MY ATTENTION SEEKING TRANNY PEDO FAGGOT THREAD ISN'T GETTING THE ATTENTION I WANT Oh okay then, slit your wrists livestream and I'll give you 50k in USDC

>>	Anonymous Mon Sep 26 06:03:45 2022 No.51634511 File: 51 KB, 682x548, 1611598769831.jpg [View same] [iqdb] [saucenao] [google] >>51634461 Medicate yourself with lithium based anti-psychotics

>>	Anonymous Mon Sep 26 06:05:11 2022 No.51634523 >>51634511 >MUST POST ON ALL MY ID's Fuck off it's just be and you in here faggot anyone lurking knows it besides the few imbeciles you get to feed your shitty broken ego.

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Anonymous Mon Sep 26 06:07:33 2022 No.51634547

>>51634392
As someone who lives in a condo and has for 5+ years, my advice is to ignore what the market is doing and just do a straight comparison of the cost of housing for condos vs. rent in the area you want to live in. For me, it was cheaper to mortgage a condo and pay the HOA than what rent would be for a comparable unit, and at least some of the monthly payment also goes to principle that you can get back out when you eventually decide to buy a proper home (or move to a different condo, I guess). Rent only goes up anyway, and all of the money goes into someone else's pocket.

As someone who is FIRE, condo living is p. nice. I have exactly as much space as I need, and not so much that I go looking for things to fill it with. The fact that someone else takes care of the lawn is also nice.

>>	Anonymous Mon Sep 26 06:10:51 2022 No.51634579 >>51634547 Fuck off you massive fucking schizo faggot, you get your rocks off responding to yourself at 1am in the fucking morning?

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Anonymous Mon Sep 26 06:12:51 2022 No.51634594

>>51634547
I'm not sure how it works in other areas of the country, but it seems like if you want to live in or around NYC this is the most economical way to do it. Rent around here is crazy expensive even for a shitty studio. That said if I had to rent I'd try to cheap out as much as possible while saving money to buy a place. That said I'm still not sure I'm gonna stay here after college because I feel like the green is a lot greener elsewhere. But regardless I don't want to throw my money away paying for rent. Even if I owned the shittiest studio condo I'd rather that than paying 2k a month in rent.

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Anonymous Mon Sep 26 06:17:01 2022 No.51634644 [DELETED]

[DELETED]

>>51634594
Holy fucking shit dude there's nobody here posting at all yet you expect us to believe a bunch of random faggots give a fuck about some schizo samefaggot who posts this god damn picture with a nonsensical thread spiraling into schizoland immediately every god damn week.

TLDR this faggot is sitting here talking to himself because he is so god damn insane he can't not pretend to have fucking conversations with himself on a god damn dead cryptocurrency board for the love of all that's holy suck a gun pronto.

>>	Anonymous Mon Sep 26 08:04:42 2022 No.51635597 bump

>>	Anonymous Mon Sep 26 08:09:53 2022 No.51635638 >>51634121 can someone fix her teeth pls im sick of seeing her ugly ass mug

>>	Anonymous Mon Sep 26 08:16:50 2022 No.51635691 >>51634121 MOMMY?