[SD Realtor]

Hi Marion –

Yeah suffice it to say that renting has been tough on the family. Alot of moving the past 3 years and mrs SD R is worn out by it. The last storm has helped us to identify a leak in the roof. Right over our shower. The landlord is working on getting a roofer for the past few weeks now. Anyways the mrs has also personally contributed a pretty good amount to the house fund over the past few years and acknowledges economic opportunity lost by purchasing now. She doesn’t ask for much, she works hard, she raises the kids, and puts up with me… Suffice it to say I got the better end of the deal. It is not all about the money in my case.

Please don’t confuse her stance or my description of her stance to be an endorsement for people to go buy now.

[SD Realtor]

Hi Marion –

Yeah suffice it to say that renting has been tough on the family. Alot of moving the past 3 years and mrs SD R is worn out by it. The last storm has helped us to identify a leak in the roof. Right over our shower. The landlord is working on getting a roofer for the past few weeks now. Anyways the mrs has also personally contributed a pretty good amount to the house fund over the past few years and acknowledges economic opportunity lost by purchasing now. She doesn’t ask for much, she works hard, she raises the kids, and puts up with me… Suffice it to say I got the better end of the deal. It is not all about the money in my case.

Please don’t confuse her stance or my description of her stance to be an endorsement for people to go buy now.

[SD Realtor]

Hi Marion –

Yeah suffice it to say that renting has been tough on the family. Alot of moving the past 3 years and mrs SD R is worn out by it. The last storm has helped us to identify a leak in the roof. Right over our shower. The landlord is working on getting a roofer for the past few weeks now. Anyways the mrs has also personally contributed a pretty good amount to the house fund over the past few years and acknowledges economic opportunity lost by purchasing now. She doesn’t ask for much, she works hard, she raises the kids, and puts up with me… Suffice it to say I got the better end of the deal. It is not all about the money in my case.

Please don’t confuse her stance or my description of her stance to be an endorsement for people to go buy now.

[SD Realtor]

Hi Marion –

Yeah suffice it to say that renting has been tough on the family. Alot of moving the past 3 years and mrs SD R is worn out by it. The last storm has helped us to identify a leak in the roof. Right over our shower. The landlord is working on getting a roofer for the past few weeks now. Anyways the mrs has also personally contributed a pretty good amount to the house fund over the past few years and acknowledges economic opportunity lost by purchasing now. She doesn’t ask for much, she works hard, she raises the kids, and puts up with me… Suffice it to say I got the better end of the deal. It is not all about the money in my case.

Please don’t confuse her stance or my description of her stance to be an endorsement for people to go buy now.

[SD Realtor]

FLU I remember your post about the neighbor and the landscaping. I wouldn’t say we are good cop bad cop… usually it is more like your situation where my mrs is scolding me for either being inappropriate or not shutting my mouth… her favorite line to me is, “not everyone at the ‘insert social event here’ really cares what you think.” and that is usually followed by why don’t you go talk about sports with someone.

we don’t go to many social events anymore.

SD Realtor

[SD Realtor]

FLU I remember your post about the neighbor and the landscaping. I wouldn’t say we are good cop bad cop… usually it is more like your situation where my mrs is scolding me for either being inappropriate or not shutting my mouth… her favorite line to me is, “not everyone at the ‘insert social event here’ really cares what you think.” and that is usually followed by why don’t you go talk about sports with someone.

we don’t go to many social events anymore.

SD Realtor

[SD Realtor]

FLU I remember your post about the neighbor and the landscaping. I wouldn’t say we are good cop bad cop… usually it is more like your situation where my mrs is scolding me for either being inappropriate or not shutting my mouth… her favorite line to me is, “not everyone at the ‘insert social event here’ really cares what you think.” and that is usually followed by why don’t you go talk about sports with someone.

we don’t go to many social events anymore.

SD Realtor

[SD Realtor]

FLU I remember your post about the neighbor and the landscaping. I wouldn’t say we are good cop bad cop… usually it is more like your situation where my mrs is scolding me for either being inappropriate or not shutting my mouth… her favorite line to me is, “not everyone at the ‘insert social event here’ really cares what you think.” and that is usually followed by why don’t you go talk about sports with someone.

we don’t go to many social events anymore.

SD Realtor

[SD Realtor]

FLU I remember your post about the neighbor and the landscaping. I wouldn’t say we are good cop bad cop… usually it is more like your situation where my mrs is scolding me for either being inappropriate or not shutting my mouth… her favorite line to me is, “not everyone at the ‘insert social event here’ really cares what you think.” and that is usually followed by why don’t you go talk about sports with someone.

we don’t go to many social events anymore.

SD Realtor

[SD Realtor]

I do think they will cash flow eventually… We had a long thread about downtown a few weeks ago because there are several posters thinking about downtown. I forgot the outcome but I think my personal thoughts were that 250 per sf is not out of the realm of possibility at the very bottom. That is pretty pessimistic according to some people but I am sticking with it. I just think that the situation downtown is the perfect storm.

Cash flowing is a bit subjective because it varies with your own downpayment. So cash flowing to one person is not cash flowing to another. Will it cashflow at 20% down? I think it could as long as rates are not to high.

The other thing I would be wary about is the possibility of HOA assessments due to reverve requirements not being met or shortages due to lack of owners. This is an ugly side affect that is not discussed alot but I have seen posts here on Piggington about it. My point on that issue is that it pays to be careful about downtown (or any condos) at this point in time. Yes once things cash flow units will be purchased but I don’t think you will miss out if you keep a pulse on things. Also hitting the bottom is impossible but significantly reducing the risk when you do make the purchase is the goal.

SD Realtor

[SD Realtor]

I do think they will cash flow eventually… We had a long thread about downtown a few weeks ago because there are several posters thinking about downtown. I forgot the outcome but I think my personal thoughts were that 250 per sf is not out of the realm of possibility at the very bottom. That is pretty pessimistic according to some people but I am sticking with it. I just think that the situation downtown is the perfect storm.

Cash flowing is a bit subjective because it varies with your own downpayment. So cash flowing to one person is not cash flowing to another. Will it cashflow at 20% down? I think it could as long as rates are not to high.

The other thing I would be wary about is the possibility of HOA assessments due to reverve requirements not being met or shortages due to lack of owners. This is an ugly side affect that is not discussed alot but I have seen posts here on Piggington about it. My point on that issue is that it pays to be careful about downtown (or any condos) at this point in time. Yes once things cash flow units will be purchased but I don’t think you will miss out if you keep a pulse on things. Also hitting the bottom is impossible but significantly reducing the risk when you do make the purchase is the goal.

SD Realtor

[SD Realtor]

I do think they will cash flow eventually… We had a long thread about downtown a few weeks ago because there are several posters thinking about downtown. I forgot the outcome but I think my personal thoughts were that 250 per sf is not out of the realm of possibility at the very bottom. That is pretty pessimistic according to some people but I am sticking with it. I just think that the situation downtown is the perfect storm.

Cash flowing is a bit subjective because it varies with your own downpayment. So cash flowing to one person is not cash flowing to another. Will it cashflow at 20% down? I think it could as long as rates are not to high.

The other thing I would be wary about is the possibility of HOA assessments due to reverve requirements not being met or shortages due to lack of owners. This is an ugly side affect that is not discussed alot but I have seen posts here on Piggington about it. My point on that issue is that it pays to be careful about downtown (or any condos) at this point in time. Yes once things cash flow units will be purchased but I don’t think you will miss out if you keep a pulse on things. Also hitting the bottom is impossible but significantly reducing the risk when you do make the purchase is the goal.

SD Realtor

[SD Realtor]

I do think they will cash flow eventually… We had a long thread about downtown a few weeks ago because there are several posters thinking about downtown. I forgot the outcome but I think my personal thoughts were that 250 per sf is not out of the realm of possibility at the very bottom. That is pretty pessimistic according to some people but I am sticking with it. I just think that the situation downtown is the perfect storm.

Cash flowing is a bit subjective because it varies with your own downpayment. So cash flowing to one person is not cash flowing to another. Will it cashflow at 20% down? I think it could as long as rates are not to high.

The other thing I would be wary about is the possibility of HOA assessments due to reverve requirements not being met or shortages due to lack of owners. This is an ugly side affect that is not discussed alot but I have seen posts here on Piggington about it. My point on that issue is that it pays to be careful about downtown (or any condos) at this point in time. Yes once things cash flow units will be purchased but I don’t think you will miss out if you keep a pulse on things. Also hitting the bottom is impossible but significantly reducing the risk when you do make the purchase is the goal.

SD Realtor

[SD Realtor]

I do think they will cash flow eventually… We had a long thread about downtown a few weeks ago because there are several posters thinking about downtown. I forgot the outcome but I think my personal thoughts were that 250 per sf is not out of the realm of possibility at the very bottom. That is pretty pessimistic according to some people but I am sticking with it. I just think that the situation downtown is the perfect storm.

Cash flowing is a bit subjective because it varies with your own downpayment. So cash flowing to one person is not cash flowing to another. Will it cashflow at 20% down? I think it could as long as rates are not to high.

The other thing I would be wary about is the possibility of HOA assessments due to reverve requirements not being met or shortages due to lack of owners. This is an ugly side affect that is not discussed alot but I have seen posts here on Piggington about it. My point on that issue is that it pays to be careful about downtown (or any condos) at this point in time. Yes once things cash flow units will be purchased but I don’t think you will miss out if you keep a pulse on things. Also hitting the bottom is impossible but significantly reducing the risk when you do make the purchase is the goal.

SD Realtor

[SD Realtor]

Stay patient gundoctor. Good for you for saving money.

SD Realtor

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