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jimmyle
ParticipantIf I stay in this condo until I buy my primary residence would that make it simpler? If I borrow $100K for this condo. Would I have any difficulty borrowing $400K for the primary residence later with 20% down? Our income is around $150K.
ParticipantIf I stay in this condo until I buy my primary residence would that make it simpler? If I borrow $100K for this condo. Would I have any difficulty borrowing $400K for the primary residence later with 20% down? Our income is around $150K.
ParticipantNo, this is the Water Bridge complex. It was built in the 90’s.
[quote=Scarlett]Is this condo in the senior community in Oak North? Or Seven Oaks? Those complexes were built in late ’60 , searly’70s. Being so old they may have problems cropping up and the HOA may increase significantly… They have swimming pools/spa. 7 oaks has a club & gym I think.[/quote]
ParticipantNo, this is the Water Bridge complex. It was built in the 90’s.
[quote=Scarlett]Is this condo in the senior community in Oak North? Or Seven Oaks? Those complexes were built in late ’60 , searly’70s. Being so old they may have problems cropping up and the HOA may increase significantly… They have swimming pools/spa. 7 oaks has a club & gym I think.[/quote]
ParticipantNo, this is the Water Bridge complex. It was built in the 90’s.
[quote=Scarlett]Is this condo in the senior community in Oak North? Or Seven Oaks? Those complexes were built in late ’60 , searly’70s. Being so old they may have problems cropping up and the HOA may increase significantly… They have swimming pools/spa. 7 oaks has a club & gym I think.[/quote]
ParticipantNo, this is the Water Bridge complex. It was built in the 90’s.
[quote=Scarlett]Is this condo in the senior community in Oak North? Or Seven Oaks? Those complexes were built in late ’60 , searly’70s. Being so old they may have problems cropping up and the HOA may increase significantly… They have swimming pools/spa. 7 oaks has a club & gym I think.[/quote]
ParticipantNo, this is the Water Bridge complex. It was built in the 90’s.
[quote=Scarlett]Is this condo in the senior community in Oak North? Or Seven Oaks? Those complexes were built in late ’60 , searly’70s. Being so old they may have problems cropping up and the HOA may increase significantly… They have swimming pools/spa. 7 oaks has a club & gym I think.[/quote]
ParticipantThis is a newer condo built in the 90’s so I think it is not a problem.
[quote=bearishgurl]
jimmyle, have you checked to make sure the condo doesn’t still have polybutylene plumbing between the walls? It’s a disaster waiting to happen (or has already exploded) and was prevalent between 1979 and 1989 build-dates. If there is some of this still left in the building, I wouldn’t touch it. That’s just me. FYI, many owners who got their class-action settlements in 1994 for faulty PTB DID NOT spend this $$ on plumbing upgrades. I wholeheartedly recommend you check into this before making an offer.[/quote]ParticipantThis is a newer condo built in the 90’s so I think it is not a problem.
[quote=bearishgurl]
jimmyle, have you checked to make sure the condo doesn’t still have polybutylene plumbing between the walls? It’s a disaster waiting to happen (or has already exploded) and was prevalent between 1979 and 1989 build-dates. If there is some of this still left in the building, I wouldn’t touch it. That’s just me. FYI, many owners who got their class-action settlements in 1994 for faulty PTB DID NOT spend this $$ on plumbing upgrades. I wholeheartedly recommend you check into this before making an offer.[/quote]ParticipantThis is a newer condo built in the 90’s so I think it is not a problem.
[quote=bearishgurl]
jimmyle, have you checked to make sure the condo doesn’t still have polybutylene plumbing between the walls? It’s a disaster waiting to happen (or has already exploded) and was prevalent between 1979 and 1989 build-dates. If there is some of this still left in the building, I wouldn’t touch it. That’s just me. FYI, many owners who got their class-action settlements in 1994 for faulty PTB DID NOT spend this $$ on plumbing upgrades. I wholeheartedly recommend you check into this before making an offer.[/quote]ParticipantThis is a newer condo built in the 90’s so I think it is not a problem.
[quote=bearishgurl]
jimmyle, have you checked to make sure the condo doesn’t still have polybutylene plumbing between the walls? It’s a disaster waiting to happen (or has already exploded) and was prevalent between 1979 and 1989 build-dates. If there is some of this still left in the building, I wouldn’t touch it. That’s just me. FYI, many owners who got their class-action settlements in 1994 for faulty PTB DID NOT spend this $$ on plumbing upgrades. I wholeheartedly recommend you check into this before making an offer.[/quote]ParticipantThis is a newer condo built in the 90’s so I think it is not a problem.
[quote=bearishgurl]
jimmyle, have you checked to make sure the condo doesn’t still have polybutylene plumbing between the walls? It’s a disaster waiting to happen (or has already exploded) and was prevalent between 1979 and 1989 build-dates. If there is some of this still left in the building, I wouldn’t touch it. That’s just me. FYI, many owners who got their class-action settlements in 1994 for faulty PTB DID NOT spend this $$ on plumbing upgrades. I wholeheartedly recommend you check into this before making an offer.[/quote]Participantthe Dow dropped more than 3 percent today. I think that it will get to between 8000 and 9000 within this year.
Participantthe Dow dropped more than 3 percent today. I think that it will get to between 8000 and 9000 within this year.
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