Condo For Sale
Kenneth McVea
upstairs and has 2 bdrms and 1 large bath with 2 separate vanities. The
amenities include: sunroom, fireplace, washer & dryer, microwave, refrigerator,
dishwasher, vaulted ceilings, custom mirrored wall, security alarm system,
reserved covered parking, ceiling fans, and a swimming pool w/Jacuzzi. The
convenient location is near major hospitals, schools, restaurants, shopping,
and Dart. (RISD) A 1 year homeowners warranty will be provided by the
seller. The price is only $59,900 and the seller will pay $1,000 of the
closing costs!
Location in North Dallas, near LBJ and ForestLane
Contact: Rhonda (469) 569-2545
KirbyIn...@msn.com
Mapanari
sobbednews:40968C6...@ti.com:
What is it with this sudden influx of Dallas morons posting stuff for sale in
Austin?
Did someone start a thread up there and say "Hey! Lets post in Austin!
Those morons down there will buy anything~!"?
--
---Mapanari---
Brad Pruden
Could it be because people might be interested in relocating for job?
I am in Dallas, and looking in Austin, Houston, Tampa, and NYC
JOSEPH THOMPSON
city; That said, I suppose it would be quite alright to post real estate in
another region's newsgroup. Whatcha think?
On 5/3/04 3:55 PM, in article Xns94DEA1FF8B43...@63.223.5.254,
JerryMouse
What does not belong on the following list:
A. Herpes
B. AIDS
C. Gonorrhea
D. A condominium
Answer: "C." You can get rid of Gonorrhea.
Mapanari
sobbednews:eYSdndoYe-o...@giganews.com:
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Unless the condo is made of concrete or cinderblocks, or has been specially
retro-fitted with noise damping insulation and hard foam injected into the
walls, they're just another apartment with thin walls, but you can't just
leave and move away.
Condo:
1. You pay maintence fees that can go up to astronomical hieghts, and you
can be assessed one time fees during the year for 10's of thousands of
dollars, depending on how crooked and/or stupid the board is. If the board
is all little girls and liberals, you'll be paying out the ass all year
long as they have roofs unnecessarily redone for $35,000, which should only
cost about $2,500. Stuff like that.
2. It's just another apartment. No insulation in the walls. You have to
live forever to an neighbor if they turn out to be an asshole who like to
play loud music. You can't run, you can't hide, you can't complain to
management. You're stuck forever.
3. Construction is the same as all those cheap apartments. Usually cheap
carpet, cheap walls, no insulation except maybe in the roof.
4. Some actually charge you for covered parking!
5. Liability. Anyone falls down in the common area, you ALL get sued.
6. As an investement, they're almost always a negative investement after
you finish figuring out what your money would have done otherwise.
7. Just like an apartment, you can't have barbeque on the balcony, put up
wind chimes etc.
8. Very hard to sell, and banks usually charge a bit more interest rate
because of the foreclosure rates.
9. Most likely to have many rentals on either side of you; not many condos
are over 95% owner occupied. Meaning, constant low lifes moving in and
out, stealing stuff, making noise, parties etc.
10. Crummy neighborhoods. Many condos are converted cheap old apartment
buildings who's tax-depreciations are all gone and are then sold to be
converted into condos. Quick coats of paint, new carpet, $100 of fresh
flowers planted and $8,000 new pretty sign put up like "Restfull Oaks" or
"BrookHaven" and bingo! You now have condos for sale. But your
neighborhood is still over-full with UT students, the poor, apartment
dwellers etc.
11. for the total costs including inner city taxes, payment, interest,
maintence fees etc, you can buy a real house outside the city.
Example: A $100,000 condo will cost you with maintence fees added and
taxes about $15,000 a year. That means you could have bought a $115,000
house for the same payment! Add in the house's better apreciation factor
and you can see that buying a $130,000 house on a 15year plan will result
in about $200,000 profit at the end of 15 years where the condo might
actually be LESS money and you might actually LOSE money on it in 30 years.
Pros:
1. You can write off your interest payments for about the first 3-5
years...after 7 years you've pre-paid most of the interest on your 30 year
loan and your write-off is negligible on your taxes. Housing and car
loans, you pay the interest for 30 years or 5 year mostely upfront, THEN
you start paying the principle.
This is why you have no equity in a house or a condo unless they
skyrocket in value in the first 5 years. Even then, the in/out real estate
fees will take all your profits away anyway.
Figure, if you're paying rent of $600 month, you'd need to be paying
condo total outlay, including property taxes, maintence etc fees of about
$900 a month to come out even. I'd rather pay $600 a month for the same
thing and have the freedom to leave whenever I wanted to.
3. You can nail shit to the walls and paint it purple and green...INSIDE
only.
In conclusion: A condo is one of the worst investments you can make unless
the market is skyrocketing and they can actually decline in value over time
because of horrible maintence costs and "one time" charges.
--
---Mapanari---
frank
"Mapanari" <an-non...@fakemail.com> wrote in message
news:Xns94DF3C4F47F8...@63.223.5.254...