[quote=atlaslover]I li8ke Hillcrest, especially the area between University and Upas, from 1st through 7th Avenues. It is more stable and dependable that NP. The UH area just over the footbridge is nice, too.[/quote]
I’m currently renting a 1 bedroom apartment on 1st ave just south of Pennsylvania for a mere $850 a month and wouldn’t give it up for the world. Until condo prices in Hillcrest drop below $240/sf I’m not going anywhere.
I purchased both a 2 br condo and a 1 br condo in the same complex; made money on the 2 br; lost money on the 1 br. Granted the 1 br was bought at the peak but my opinion/lesson learned too late is that 1 br’s have very little upside and a lot of downside. The resale market is limited to a single person or couple with no kids so your buying pool is diminished. I would buy another condo again in the right project but not a 1 br. Stretch for a 2 br. or don’t do it unless you don’t plan to sell the 1 br again for 10-15 yrs.
I purchased both a 2 br condo and a 1 br condo in the same complex; made money on the 2 br; lost money on the 1 br. Granted the 1 br was bought at the peak but my opinion/lesson learned too late is that 1 br’s have very little upside and a lot of downside. The resale market is limited to a single person or couple with no kids so your buying pool is diminished. I would buy another condo again in the right project but not a 1 br. Stretch for a 2 br. or don’t do it unless you don’t plan to sell the 1 br again for 10-15 yrs.
I purchased both a 2 br condo and a 1 br condo in the same complex; made money on the 2 br; lost money on the 1 br. Granted the 1 br was bought at the peak but my opinion/lesson learned too late is that 1 br’s have very little upside and a lot of downside. The resale market is limited to a single person or couple with no kids so your buying pool is diminished. I would buy another condo again in the right project but not a 1 br. Stretch for a 2 br. or don’t do it unless you don’t plan to sell the 1 br again for 10-15 yrs.
I purchased both a 2 br condo and a 1 br condo in the same complex; made money on the 2 br; lost money on the 1 br. Granted the 1 br was bought at the peak but my opinion/lesson learned too late is that 1 br’s have very little upside and a lot of downside. The resale market is limited to a single person or couple with no kids so your buying pool is diminished. I would buy another condo again in the right project but not a 1 br. Stretch for a 2 br. or don’t do it unless you don’t plan to sell the 1 br again for 10-15 yrs.
I purchased both a 2 br condo and a 1 br condo in the same complex; made money on the 2 br; lost money on the 1 br. Granted the 1 br was bought at the peak but my opinion/lesson learned too late is that 1 br’s have very little upside and a lot of downside. The resale market is limited to a single person or couple with no kids so your buying pool is diminished. I would buy another condo again in the right project but not a 1 br. Stretch for a 2 br. or don’t do it unless you don’t plan to sell the 1 br again for 10-15 yrs.
