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jaeclecticI just got a call from my realtor: my offer for the place on Orange has been accepted, already!
Which means I now have contracts in place to buy two different properties. At some point, I have to decide which one to drop. Preferably ASAP, since otherwise I pay for inspections...
Randomly:
I like the feeling of the building on Orange, more so than Lakeshore. I think it has to do with nicely painted and well-lit hallways.
But I am genuinely worried by the idea that it may actually be a bad investment. Will I kick myself if I need to move in a couple of years, and I can't break even selling it?
OTOH, there is a lot to be said for a lower mortgage payment and still having money in the bank.
And a woodburning fireplace.
Did I already post a link to the pictures?
Please comment, at this stage I heartily welcome opinions... at the very least, if I disagree, that will tell me something about what I really feel.
Which means I now have contracts in place to buy two different properties. At some point, I have to decide which one to drop. Preferably ASAP, since otherwise I pay for inspections...
Randomly:
I like the feeling of the building on Orange, more so than Lakeshore. I think it has to do with nicely painted and well-lit hallways.
But I am genuinely worried by the idea that it may actually be a bad investment. Will I kick myself if I need to move in a couple of years, and I can't break even selling it?
OTOH, there is a lot to be said for a lower mortgage payment and still having money in the bank.
And a woodburning fireplace.
Did I already post a link to the pictures?
Please comment, at this stage I heartily welcome opinions... at the very least, if I disagree, that will tell me something about what I really feel.
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Date: 2006-06-09 02:00 pm (UTC)Your comments are completely apropos. What I've been saying all along is: this is not primarily about investment, it's primarily about having a nice place to live, I just don't want to do something stupid.
And the reason it's a tough choice is that both options are really pretty good. But I will probably go for cheaper, for exactly the reasons you say (it's not that long since I was unemployed myself), as long as I can get past the "this may be really stupid" factor.