Recent content by JimJones_IHB

Just a general question for those who are knowledgeable about Real Estate. I have a friend who is looking at Condos for whom cost per square foot seems to be the most important factor in his choice of units. As an example he is comparing the cost per square foot between two similarily priced...

Just checked out their blog and all I can say is YIKES!

I remember watching this episode when it first aired. I thought they spent around 90k on the renovations.

Me too. I have never seen more than a few of the units with lights on in the evening. It would seem that a majority of the units are not being occupied. How long can the owners hold out until they run out of money? I don't get it. I wonder how many units in total are not being occupied.

I would seem that one of the big factors pushing prices lower is the fact that a lot of potential buyers are holding off buying now because they are (1)aware that prices are dropping and (2) beleive they will continue to drop. Obviously there are lots of other factors in play but I have always...

Jbatzmuru, I'm currious. Fell out of escrow due to your decision to not proceed? Please update us when you do purchase. Hopefully this will turn out to have been a blessing in disguise.

Is purchasing now in a rapidly depreciating market no longer a potential show stopper on this deal?

I think the thing that worries me the most is your assumption that you will be happy living in this unti for the next 10 years. Maybe you would, maybe you would not. As you really can't answer this question with any real confidence until after you have lived there for awhile. If the bears are...

Jbatzmaru- Ya I suppose I'm looking at your situation based on my own personal preferences which for me is: I would be willing to have something a little older and in need of a little work if it meant I could have my own yard, no common walls, etc. IE an SFR. I have a hard time not...

If the Bears predictions come true then you will have more appealing options if you wait. As an example: If prices drop another 20% in HB in the next 1 to 2 years you might be able to get into an SFR for a little more than you are about to spend on this condo now...

I think the thing that would give me the most pause is the strong possibility that if you wait at least one year you will get a lot more home for your money than you will today. As far as Daedalus's comments, I agree, for me being able to escape my shared walls, noisy neighbors and crappy...

It was my impression that the rent verses own equation was based on a 30 year fixed. I would think that numbers should drive this decision. If you walk and wait 1 to 1.5 years to purchase verses moving forward with this deal. If you can get a similar unit for 20% less next year what would...

I'm not an realestate attorney but sounds to me like your landlord is simply jerking your chain. Someone feel free to correct me here but unless your contract has special language in it regarding renewals that cap what he can charge and your unit is not subject to rent controls he can charge...