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[quote=bearishgurl][quote=CONCHO]I guess you two missed the part of my post in which I said that I would continue saving until I could afford to purchase one safely.[/quote]

No, I didn’t miss that, Concho. I’m just very bearish on condos in general. I feel they are a bad investment because indiv. owners of unit(s) lack control over so many desireability, rentability and condition factors. In my mind, predicting the future of most condo associations is nothing but a “crapshoot.”[/quote]

You also missed the part of my post in which I said that there could be good investments in some buildings. Every building is different. I agree with you in general though, they are not a sure bet by a long shot. But I have seen one in the last week that would be cash-flow-positive on day one. Of course there could be HOA issues, that is always hanging out there as a potential problem. But SFRs and multi-family units have other issues like termites, old construction, etc… so they’re not perfect either.

I think if one chooses very carefully though you might be able to get a decent bit of rental income in your retirement and a little work 30 years from now doing management of a couple of your own properties.

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[quote=bearishgurl][quote=CONCHO]I guess you two missed the part of my post in which I said that I would continue saving until I could afford to purchase one safely.[/quote]

No, I didn’t miss that, Concho. I’m just very bearish on condos in general. I feel they are a bad investment because indiv. owners of unit(s) lack control over so many desireability, rentability and condition factors. In my mind, predicting the future of most condo associations is nothing but a “crapshoot.”[/quote]

You also missed the part of my post in which I said that there could be good investments in some buildings. Every building is different. I agree with you in general though, they are not a sure bet by a long shot. But I have seen one in the last week that would be cash-flow-positive on day one. Of course there could be HOA issues, that is always hanging out there as a potential problem. But SFRs and multi-family units have other issues like termites, old construction, etc… so they’re not perfect either.

I think if one chooses very carefully though you might be able to get a decent bit of rental income in your retirement and a little work 30 years from now doing management of a couple of your own properties.

[blahblahblah]

[quote=bearishgurl][quote=HLS]Concho..
Your post made me LOL. Anyone who wants to buy a condo without substantial income and reserves to hold “forever” *IS* a “wannabe Don Trump” in my book . . . [/quote]

Agree with everything you’re saying here, HLS.[/quote]

I guess you two missed the part of my post in which I said that I would continue saving until I could afford to purchase one safely.

[blahblahblah]

[quote=bearishgurl][quote=HLS]Concho..
Your post made me LOL. Anyone who wants to buy a condo without substantial income and reserves to hold “forever” *IS* a “wannabe Don Trump” in my book . . . [/quote]

Agree with everything you’re saying here, HLS.[/quote]

I guess you two missed the part of my post in which I said that I would continue saving until I could afford to purchase one safely.

[blahblahblah]

[quote=bearishgurl][quote=HLS]Concho..
Your post made me LOL. Anyone who wants to buy a condo without substantial income and reserves to hold “forever” *IS* a “wannabe Don Trump” in my book . . . [/quote]

Agree with everything you’re saying here, HLS.[/quote]

I guess you two missed the part of my post in which I said that I would continue saving until I could afford to purchase one safely.

[blahblahblah]

[quote=bearishgurl][quote=HLS]Concho..
Your post made me LOL. Anyone who wants to buy a condo without substantial income and reserves to hold “forever” *IS* a “wannabe Don Trump” in my book . . . [/quote]

Agree with everything you’re saying here, HLS.[/quote]

I guess you two missed the part of my post in which I said that I would continue saving until I could afford to purchase one safely.

[blahblahblah]

[quote=bearishgurl][quote=HLS]Concho..
Your post made me LOL. Anyone who wants to buy a condo without substantial income and reserves to hold “forever” *IS* a “wannabe Don Trump” in my book . . . [/quote]

Agree with everything you’re saying here, HLS.[/quote]

I guess you two missed the part of my post in which I said that I would continue saving until I could afford to purchase one safely.

[blahblahblah]

Thanks for all the details everyone, that is really helpful info. I have seen a couple of new costruction condos, very nice in desirable neighborhoods at 2001-level ppsf. Most of these would be break-even but I think I’ve found one that would be cash-flow-positive.

Unfortunately I bought a house last year and put a bunch of money into the remodel so the cash reserves ain’t what they used to be. It sounds like I need to keep saving.

If we can get to where things used to be before all of the wannabe Don Trumps were in the market, I think there might be some good investments to be had in a few condo buildings (not all of course). Not interested in flipping but holding forever and using for retirement income (and something to keep myself busy) 30 years from now.

[blahblahblah]

Thanks for all the details everyone, that is really helpful info. I have seen a couple of new costruction condos, very nice in desirable neighborhoods at 2001-level ppsf. Most of these would be break-even but I think I’ve found one that would be cash-flow-positive.

Unfortunately I bought a house last year and put a bunch of money into the remodel so the cash reserves ain’t what they used to be. It sounds like I need to keep saving.

If we can get to where things used to be before all of the wannabe Don Trumps were in the market, I think there might be some good investments to be had in a few condo buildings (not all of course). Not interested in flipping but holding forever and using for retirement income (and something to keep myself busy) 30 years from now.

[blahblahblah]

Thanks for all the details everyone, that is really helpful info. I have seen a couple of new costruction condos, very nice in desirable neighborhoods at 2001-level ppsf. Most of these would be break-even but I think I’ve found one that would be cash-flow-positive.

Unfortunately I bought a house last year and put a bunch of money into the remodel so the cash reserves ain’t what they used to be. It sounds like I need to keep saving.

If we can get to where things used to be before all of the wannabe Don Trumps were in the market, I think there might be some good investments to be had in a few condo buildings (not all of course). Not interested in flipping but holding forever and using for retirement income (and something to keep myself busy) 30 years from now.

[blahblahblah]

Thanks for all the details everyone, that is really helpful info. I have seen a couple of new costruction condos, very nice in desirable neighborhoods at 2001-level ppsf. Most of these would be break-even but I think I’ve found one that would be cash-flow-positive.

Unfortunately I bought a house last year and put a bunch of money into the remodel so the cash reserves ain’t what they used to be. It sounds like I need to keep saving.

If we can get to where things used to be before all of the wannabe Don Trumps were in the market, I think there might be some good investments to be had in a few condo buildings (not all of course). Not interested in flipping but holding forever and using for retirement income (and something to keep myself busy) 30 years from now.

[blahblahblah]

Thanks for all the details everyone, that is really helpful info. I have seen a couple of new costruction condos, very nice in desirable neighborhoods at 2001-level ppsf. Most of these would be break-even but I think I’ve found one that would be cash-flow-positive.

Unfortunately I bought a house last year and put a bunch of money into the remodel so the cash reserves ain’t what they used to be. It sounds like I need to keep saving.

If we can get to where things used to be before all of the wannabe Don Trumps were in the market, I think there might be some good investments to be had in a few condo buildings (not all of course). Not interested in flipping but holding forever and using for retirement income (and something to keep myself busy) 30 years from now.

[blahblahblah]

My wife and I were eating at the Panera in Coronado one afternoon and there were some mega-rats frolicking in the shrubs out front. They weren’t afraid of a damn thing either. Hell, I was afraid of them. They looked like chihuahuas.

I read about a town in Europe somewhere that had a rat problem, so they brought in a bunch of cats. Now the town is overrun with both rats and cats.

[blahblahblah]

My wife and I were eating at the Panera in Coronado one afternoon and there were some mega-rats frolicking in the shrubs out front. They weren’t afraid of a damn thing either. Hell, I was afraid of them. They looked like chihuahuas.

I read about a town in Europe somewhere that had a rat problem, so they brought in a bunch of cats. Now the town is overrun with both rats and cats.

[blahblahblah]

My wife and I were eating at the Panera in Coronado one afternoon and there were some mega-rats frolicking in the shrubs out front. They weren’t afraid of a damn thing either. Hell, I was afraid of them. They looked like chihuahuas.

I read about a town in Europe somewhere that had a rat problem, so they brought in a bunch of cats. Now the town is overrun with both rats and cats.

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