Skip to main content

Looking To Get A Place Of My Own

So this is probably no surprise, but I have been thinking for moving out of my parents house for a while now but recently the idea has been getting more serious, and I have been actively looking at what is out there and available when it comes to apartments.  Well recently a friend laid a seed in my mind about the possibility of Buying a condo, in part because with the market for all housing the way it is now home prices are cheap and condos are cheep too.  Well I decided I would give it a peak and to my surprise I found that the monthly cost of a mortgage on a condo would be less then that for the rent of an apartment!  So now my mind is also seriously considering the possibility of actually buying seeing as I have more then enough money in savings to make a good sized down payment.  It an idea that I would really like to try to talk about with some one that has experience, simply because I do want to know if it is a crazy idea or not.  But mom dose not like even talking about the idea of me renting an apartment of my own, and even dad is less then hot on the topic of me possibly moving out. 


Yet to me it dose seem tempting and like a good time to get into the market if I can when I can get a nice place that the value will only go up on, at a price so low and with a payment lower then rent even lower then most room renting situations in the area.  When I say low I mean a mortgage payment equal to only one weeks pay, which is a good chunk less then even the cheapest rents for apartments hardly equivalent is. (in part do to the fact that the college population drives up rent rates) The other thing is the fact that the value of the property will in the long run go up, meaning unlike renting where my money is simply going out the door owning my money would in effect be working for me.  That and I could decorate, paint etc the place the way I wanted and do improvements on it which would also add the the value of the place. Then like an apartment there would not be the maintenance of yards etc to deal with just maintaining my own "unit".

Is it crazy to be even thinking about becoming a home owner at 23, or is it logical to be thinking of the possibilities and to be looking to take advantage of the current housing situation and possibly grab the bull by the horns? 

Comments

  1. NO! Its not crazy to think about buying your own place at 23! It is a much better investment than is renting! Renting you are paying for some else to purchase a place. Our youngest just signed on his first house last week, he is 24, so see your not to young at all!

    The only thing with a condo is the monthly fees. They do have a tendency to go up and up. So, look into the increases of the fees to check to see how much they have risen of late. If they heat is centralized then a great deal of the fee increase could be fuel.

    But i would say pick the best neighborhood you can afford, and go for it!

    ReplyDelete

Post a Comment

Popular posts from this blog

Insight Into Myself From Article Together Alone: The Epidemic Of Gay Loneliness

So I recently read this article on The Huffington Post Hightline called Together Alone: The Epidemic Of Gay Loneliness this article is one that I would highly recommend reading.  It is an article that touched me in a significant way.  The article fouces on why even thought the gay community has come a long way in gaining equal rights, it still suffers from high rates of suicide, depression, anxiety and substance abuse.  The article points out that "are between 2 to 10 times more likely then straight people to take their own life. Where twice as likely to have a major depressive episode" And this pattern holds up in countries that where even early adopter to things like gay marriage.  While there virtually no study on the subject in the US in Canada it has been found that more gay men a year die from suicide them they do for HIV/AIDs if those finding are to hold true in the US suicide could be the next major epidemic with in the gay community taking countless number of lives…

This I Believe: God Is Still There Even When You Want To Die

I would like to share my This I Believe essay that I wrote for my English class.  The essay is based on the format of the essays on the this i believe  web site, which is dedicated to this types of essays.  They are modeled after a 1950's radio show hosted by Edward R Murrow by the same name, where every one from World leaders, CEO's and Celebrities to Teachers, and Secretaries would send in essays and the ones that where selected would read them on air.  The essays are between 450 to 600 worlds long and would take about 3 minutes to read aloud at a natural speaking pace. The essays are about a guiding value in your every day life.

When We Rise Review.

I know that I am late to the game on When We Rise on ABC, but I have just finished watching it on demand.  I would say if you have not watched it, it is a must watch.  The series is very well put together, and it gets you wrapped up in it from the very start, and you will want to binge watch the whole series in one sitting, This the cinematography in this series is first rate, and the use of music helps to increase the emotional impact of this series, I have to admit that I teared up multiple times through out the series, as you get so deeply engrossed in what is going on that emotionally you wined up placing yourself into what is going on.  While I wish that they had put in a few more things in the gay rights movement it really dose a very thorough job of showing the fight for equality.  More after the jump.