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Post Reply Would You Buy A Condominium ?
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Posted 8/2/17 , edited 8/2/17


Why would i want to buy an apartment ? it has no equity and sharing a wall with someone else is a no no for me. I don't like being packed up like rats in little boxes in some 3+ story buildings

My house is 1-3 mile(s) from most stores around here. I'm looking for a house on county land in the middle of the city-- where i can get 1/2-1 ACRE of land, not having to pay the HOA fee or high tax--do what i want with my house without the HOA permission-- while still living inside the city limit :)

It's funny how people think that buying a house is a lot of work-- like needing to have a garden or doing a lot of yard maintenance-- they probably don't know about xeriscaping


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Posted 8/2/17 , edited 8/2/17


Martin Shkreli is only one I've seen who has a succinct explaination why you should rent instead of buy:

https://youtu.be/YE9qb1Nhw4A
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Posted 8/2/17
I rather have Shrek's house than a condominium.
Posted 8/2/17
If I could effectively rent it out, yes.
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22 / M / Quebec, Canada
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Posted 8/2/17
Probably a condo, less singular responsibility and space that fits me more.
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Posted 8/2/17
I prefer a Landed House. The value of lot rises every year and the lot alone is a good investment.
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37 / M / Small Wooded town...
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Posted 8/2/17 , edited 8/2/17

riverjustice wrote:

It's better to rent even in the long term.



That is true.. even if rent is a costly as house payments in NY state. . 'the county I live in tax on property for a small place (such as a 2 bed room trailer with some yard is = to a large house next to the ocean in most other parts of the country. Even if that place is in a broken down town with less than 1000 people living there. Why because NY is run by a scumbag who fucked over the state, and only panders to the city.

But then half of it is the counties fault, but that's what you get wen you have clueless politicians running shit, and not real people who know how their counties and state works.
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Posted 8/3/17

dreamnarcotic wrote:

If I could effectively rent it out, yes.


Vrbo vs. Airbnb vs. Expedia: What's the best deal?
https://www.youtube.com/watch?v=6CzW-yPC7HY
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21 / F / Seoul, South Korea
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Posted 8/3/17

riverjustice wrote:



Martin Shkreli is only one I've seen who has a succinct explaination why you should rent instead of buy:

https://youtu.be/YE9qb1Nhw4A


> Succint

> 38 Minutes in length

Already seen the video, it doesn't do a good job explaining why owning a property you could lease and rent out is inferior to infinitely paying money with no investment or return on that investment.

It just doesn't make any sense. Sorry to say.
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Posted 8/3/17

Magical-Soul wrote:


riverjustice wrote:



Martin Shkreli is only one I've seen who has a succinct explaination why you should rent instead of buy:

https://youtu.be/YE9qb1Nhw4A


> Succint

> 38 Minutes in length

Already seen the video, it doesn't do a good job explaining why owning a property you could lease and rent out is inferior to infinitely paying money with no investment or return on that investment.

It just doesn't make any sense. Sorry to say.

My understanding for this thread is owning or renting a home for the sake of living in it. Not for investing a home to increase your capital. Also 38 minutes is short. Time is relative to the observer.
Ejanss 
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Posted 8/3/17 , edited 8/3/17
Absolutely: Be safe. Condominiums save lives.
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21 / F / Seoul, South Korea
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Posted 8/3/17 , edited 8/4/17

riverjustice wrote:


Magical-Soul wrote:


riverjustice wrote:



Martin Shkreli is only one I've seen who has a succinct explaination why you should rent instead of buy:

https://youtu.be/YE9qb1Nhw4A


> Succint

> 38 Minutes in length

Already seen the video, it doesn't do a good job explaining why owning a property you could lease and rent out is inferior to infinitely paying money with no investment or return on that investment.

It just doesn't make any sense. Sorry to say.

My understanding for this thread is owning or renting a home for the sake of living in it. Not for investing a home to increase your capital. Also 38 minutes is short. Time is relative to the observer.


If you think a 38 minute video is a succinct reply on a internet message board, than, well . I dunno.


My reply was concerned with the benefits of buying vs renting. Leasing and renting out the place in the future is one of the benefits of buying it. Obviously it would be silly to compare renting to buying and leave out the benefits of actually owning the home.

I do agree renting is better short term, but everyone should try to have a house to their name at some point in their life.

EDIT: rip
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Posted 8/3/17
There is a complete absence of craftsmanship in condominiums. They are cookie cutter buildings and the faster they are constructed the greater the profit. Owning one would be an utter embarrassment.
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Posted 8/3/17
No I'm not a fan of condos. I'm not a fan of any housing that comes with lots of extra fees, HOAs, terms and conditions, etc. I know someone who got rich(er) developing condos though
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Posted 8/3/17
I would never buy a condum. I have no use for such a thing.
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