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TopicAnybody here own a condo?
Will_VIIII
07/21/21 1:04:33 PM
#21:


Jabodie posted...
To those mentioning rising costs: this is definitely true, but rents are rising along with it. An anecdote: a friend here in Austin secured a lease two years ago for a place with a rent of ~$1000. The same unit was listed for over $1200 when she decided not to renew. She managed to get a renewal offer for the same price when she realized she would be paying $200-$300 more for essentially the same quality. Now this is in the Hyde Park area of Austin, and there's a particularly bad property craze here.

My hope is that the craze will be somewhat tamed by the time I gather enough capital for a down payment. There is always uncertainty in the market, and it may be the case that I am priced out thanks to goobers paying above asking price in cash. But while I'm thinking options I want to consider that I can get my hands on one lol.

This is fair. It's more the equity I'm concerned about than the experience.
Shared walls and etc to consider. If someone in the building is a slob and attracting pests

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