interesting tidbits
tidbit the first.
i looked up our condo to see some property values. yeah, our property value has dropped (haven't they all?) and LJ USER=morigian, right now there are no condos in our complex that are vacant or for sale. you'll have to wait for another time to buy one and move next door. ;)
the sad part is some of them, even the top floor loft like we have, sold for a lot less than what we paid 3 years ago (THREE YEARS!!! OMG! THREE YEARS WE HAVE OWNED A CONDO MORTGAGE!!! eeee. hard to believe!!!) but, we were persevere of course, because we are in it for the long haul. it's ours and we're going to be redoing bathrooms and kitchens ... er kitchen ... and eventually some carpet and paint. not in that order. ;)
that's not the most interesting part.
tidbit the second.
i looked up our OLD condo we were living in. the one we did NOT buy--the one that's also valued $20-30,000 less than we were originally going to buy it for when the owner decided she wanted it valued $30,000 MORE than we were going to offer. we declined and the bank didn't blame us. in fact, the loan lady on the other end said, "she's DREAMING if she thinks she's going to get that kind of money for it." the lady even told me, "now, you can put in your own money to make up the difference if you really want it..." and i said, "oh no!!! i don't." and she said, "good. because i can't TELL you what to do. but DO NOT suggest that route." not that i was tempted to, but as much as we loved the other place, i'm glad we didn't go that route and buy the other place for what she was asking.
i'm also glad, that even with the property devaluing we've experienced so far (at least our property is equal to the rest of the mortgage at this time) that we did not continue renting the other place. from what i just saw, we'd be paying $300 MORE for rent today than we were three years ago ... and we wouldn't have a partial mortgage pay-down to show for it. so all the hassle we went through with the buying/selling and the moving, and considering the $8000 tax payback came just at the right time when we got it, i'd say we chose ... wisely.
this place has its issues that we want to fix up, but i'm so happy we did it.
Crosspost from http://dawntreader.dreamwidth.org/2005955.html. There are
comments.
i looked up our condo to see some property values. yeah, our property value has dropped (haven't they all?) and LJ USER=morigian, right now there are no condos in our complex that are vacant or for sale. you'll have to wait for another time to buy one and move next door. ;)
the sad part is some of them, even the top floor loft like we have, sold for a lot less than what we paid 3 years ago (THREE YEARS!!! OMG! THREE YEARS WE HAVE OWNED A CONDO MORTGAGE!!! eeee. hard to believe!!!) but, we were persevere of course, because we are in it for the long haul. it's ours and we're going to be redoing bathrooms and kitchens ... er kitchen ... and eventually some carpet and paint. not in that order. ;)
that's not the most interesting part.
tidbit the second.
i looked up our OLD condo we were living in. the one we did NOT buy--the one that's also valued $20-30,000 less than we were originally going to buy it for when the owner decided she wanted it valued $30,000 MORE than we were going to offer. we declined and the bank didn't blame us. in fact, the loan lady on the other end said, "she's DREAMING if she thinks she's going to get that kind of money for it." the lady even told me, "now, you can put in your own money to make up the difference if you really want it..." and i said, "oh no!!! i don't." and she said, "good. because i can't TELL you what to do. but DO NOT suggest that route." not that i was tempted to, but as much as we loved the other place, i'm glad we didn't go that route and buy the other place for what she was asking.
i'm also glad, that even with the property devaluing we've experienced so far (at least our property is equal to the rest of the mortgage at this time) that we did not continue renting the other place. from what i just saw, we'd be paying $300 MORE for rent today than we were three years ago ... and we wouldn't have a partial mortgage pay-down to show for it. so all the hassle we went through with the buying/selling and the moving, and considering the $8000 tax payback came just at the right time when we got it, i'd say we chose ... wisely.
this place has its issues that we want to fix up, but i'm so happy we did it.
Crosspost from http://dawntreader.dreamwidth.org/2005955.html. There are
comments.