Quote:
Originally Posted by Cappy
Same Muta,
I bought a condo about 10 years ago. It's definitely taken a 20% hit on value, but I don't really have a reason to sell. At some point having a back yard would be nice, but there is no way i can afford to pay for that in the inner city and i will never move to the burbs.
My partner and i have been looking at some renovations as we plan on being in here at least another 5 years. that is exciting. Waiting for the interest rates to crush HELOC holders and reno rates drop
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Haha sounds like we're in the same situation! Lucky you though, I'm doing it on my own (no significant other), so at least you've got got someone to potentially share costs with. Also great that we're both pragmatic is seeing the potential of our current places with shiny new upgrades.
In general, I just want a townhouse in the long-run, because a) houses are too pricey in general, b) a house would be too much work / upkeep for someone like me on my own, d) a townhouse would allow me to stay inner city and hopefully have a backyard (so I can get a dog), and c) condo fees over $500 a month are a real annoyance; I'd like to lower that as much as I can.