Quote:
Originally Posted by darklord700
A 1600 sq ft space can be had in the sub from 400k-500k
A 1600 sq ft space in downtown is astronomical as you are talking about penthouse kind of money. $2500 get you a condo with a small bedroom with no windows in the Waterfront tower. If that's the kind of life you want so that you can avoid sitting in a comfortable car for an extra 30 - 45 mintues a day, more power to you.
|
Why jump to the extremes? Take the $500k, add the $130K I mentioned, and you can find a nicely renovated 1600sq ft house on a good sized lot within a 10 minute bike of downtown.
Quote:
Originally Posted by Hugh Jahrmes
Do lenders look at it that way though?
|
No, but I still say you're nuts if you are borrowing at the top limit of what a lender will give you, but that is another story. Dropping out the transportation costs allowed me to push my personal limit closer toward the bank approved borrowing limit.