My husband and I are thinking about moving from our current apartments to a larger one. We found a really good deal on some apartments that are just a few more minutes away from our work, have an extra bedroom, and a garage. However, the apartments attract trashy people because of the low costs. My husband and I desperately need more space, and while we want to buy a house, we want to wait until we clear up our debt (will take about a year). So, in your opinion do you think it is worth living around trashy/ghetto people to have the plusses listed above? Any advice would be appreciated.
2007-01-04 04:25:22 · 9 answers · asked by wishing_i_could_sing 2 in Business & Finance ➔ Renting & Real Estate
No way. If you're already calling the people trashy and ghetto - just imagine how you'll feel when you're living there and looking at them every single day.
If you don't want to buy a home now then look elsewhere. Have you and your husband contacted a loan officer to review your credit? Qualifying for a decent home loan is not all that difficult. Talk to a specialist - it will at least give you an idea on what you can expect when you are prepared to buy.
But don't sign the lease at this apartment you mentioned. You've turned your nose up at it already so look elsewhere. Find something with a more pleasing environment - you'll sleep better at night.
2007-01-04 04:36:17 · answer #1 · answered by The First Lady 5 · 1⤊ 0⤋
2
2016-07-18 20:12:42 · answer #2 · answered by ? 3 · 0⤊ 0⤋
No. I'd never do it. You'll get annoyed VERY quickly-- your peace of mind is worth more. They'll probably be noisy at all hours, have no respect for the public parking, etc.
btw, "C Donahue", I challenge you to find ANYTHING you can buy for less than rent in Enumclaw, WA. Condos go for $180-200K, so with a standard mortgage, taxes and insurance, your payment is $1400+. Houses start at $240-250, with the average home in the $270+ (the same home would rent for around 1,000-1100) Rent for apartments are often in the 600-800 range for the same square footage as the condos.
I just moved out of an 1100 sq ft rental on 5 acres that would have a market value of $450,000 becuase of the acreage. It rented for 1,000. That wouldn't cover HALF the mortgage payment, but it might cover 1/3rd.
There are closing costs associated with buying AND selling. You cant move on a whim. You pay all maintenance costs.
And with the market like it is, you'd be happy with a 5% increase in a year. Which MIGHT cover you buying/selling costs IF you didnt use a realtor.
So make sure you know what you're talking about next time.
2007-01-04 04:27:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Absolutely not. Low cost apartments are a breeding ground for the worst kind of crime. I'd rather be cramped and need space that have room but worry about getting robbed or raped every night.
And sounds like you are making excuses to put off buying. Research the programs they have out there. If you can possibly afford it, don't put off buying any longer. You have to realize you are flushing money down the toilet.
Stop paying someone else's mortgage and start paying your own!
2007-01-04 04:41:14 · answer #4 · answered by Monstblitz 4 · 0⤊ 0⤋
I own a condo in a complex that has gone from being a "good" neighborhood to being a"bad" neighborhood. I am probably the only white person here. Most of my neighbors are now hispanic. I still love my condo, the price is right, the location is right, and I don't have any problems with the neighbors. Most are family oriented, take care of their areas and pick up their dog messes. I don't have loud music, partys, or other distractions. I say go for it, the price is right and the location is right,the apt.is right plus it is only temporary and will help you to achieve your goal of home ownership. Enjoy your move.
2007-01-04 04:38:31 · answer #5 · answered by sweet sue 6 · 0⤊ 0⤋
Renting is for suckers. I why would you throw you money away and not get anything in return. I have yet to find an area in the US that does not have houses in the area your renting for equal or less rent. Get yourself into a house and enjoy all THOSE pluses, plus even if you do an interest only loan and only stay for a year you more than likely broke even. OR keep it for a rental property.
2007-01-04 04:29:47 · answer #6 · answered by Anonymous · 0⤊ 2⤋
Rent To Own Home : http://RentToOwnHome.uzaev.com/?LDEF
2016-07-11 20:42:43 · answer #7 · answered by ? 3 · 0⤊ 0⤋
i think that maybe you should evaluate your thinking, if it's a good apartment and safety isn't a concern, then judging the other people that live there is maybe a mistake. if it's what you want, then who cares who else lives in the biulding.
2007-01-04 04:33:32 · answer #8 · answered by ekenny513 5 · 0⤊ 0⤋
nice 1 lol 10/10
2016-05-23 02:50:00 · answer #9 · answered by Anonymous · 0⤊ 0⤋