Stay in my condo or take the financial hit and move to a house vs renting situation Scenario: Currently in a 5.5% mortgage with 100k left to go on my condo. HOA much like every HOA in the area had the chickens come home to roost and had a reserve study done leading to a estimated $350-370/month HOA total (at purchase, was 200$/month – 2021). On the HOA board so this increase unfortunately made sense per the reserve study but so…

Should I move to a condo I am almost 56 and finished paying off my house last year. It’s in an area of starter homes that are in short supply. It’s a two bedroom house on a large lot with a backyard oasis that I love. It’s also on a hill and the driveway is very treacherous in the winter, which is six months out of our year. I have fallen several times taking the garbag…

Condo flooded due to neighbor – do I call my insurance? Will my rate increase? My next-door neighbor had a running toilet that flooded her apartment as well as mine. As a result, my floors are damaged. Her insurance company gave me $6500 towards the $17,000 repair bill. Is the next step to go to my insurance company? My concern is that it will increase my rate. Her insurance says to go after the Condo’s master insurance. T…

Taxes and n selling a paid for condo I’m older and downsized from a large house to a condo 18 months ago. It’s completely paid for. Problem is I don’t like the new neighborhood. I plan to rent in my old neighborhood since there are no condos there for me to purchase. Do I pay taxes on the sale of my condo? I plan to put money in the stock market. Thanks. submitted by /u/H…

Sell or Rent Out Inherited Condo? My sister and I inherited a condo from our parents who passed away recently. It is in a very nice vacation community out of state that we enjoy and we could probably rent it out at high season and cover the cost of ownership and probably earn enough to cover the cost of paying off the small mortgage after a few years (even after hiring a propert…

buying a condo before divorce is final My wife and I are in the early stages of divorce negotiations (haven’t even met with a mediator yet) and our downstairs neighbors just told us they’re going to be selling their unit. Because we share a child together, it’d be sort of perfect for us to see if we can scrape enough together to buy it. I’d imagine she would take the neighbor’s unit …

She Made an Offer on a Condo. Then the Seller Learned She Was Black. A Black woman claims a white homeowner tried to pull out of a sale because of her race.

Thinking about selling my condo and going back to renting to be happier I (29M) bought a condo at the end of 2020 in the Chicago area when interest rates were really low (< 3%) for a good price of $160,000 (2 bed 2 bath, 1000sqft). At the time I was working in an office in the suburbs still and didn’t want to be too far away, but also was also about 30 mins away from the city by either public or personal transportat...

Dumb to get a condo as a “starter home” to build equity? Hi there, I live in a VHCOL area and my wife and I have a good amount saved up but no where near enough to buy a legit 3BR home that we’d love forever (they start at ~700k). Would it be smart to buy a small condo NOW and start building equity or just rent for the next 3+ years, save a ton, and then dump all of our savings into an actual home? Ba…

My Parents Have Offered to Purchase Condo and Rent it to Me I’m currently looking at moving out of my rented apartment and trying to purchase a condo. I’ve found a couple that aren’t bad but nothing great yet. I recently found a very nice one but it is a bit out of my price range. My parents, who are newly retired and financially comfortable, have offered to purchase it for cash and charge me rent. The r…

Should I rent our paid off L.A. condo or sell for new home? Hey guys, I’m having a back and forth with myself on whether to sell a condo or rent it out. I don’t mind being a landlord, but the juice has to be worth the squeeze, as they say. Specifics: Condo worth $600,000 according to recent sales in complex Could get around $3,000/mo according to same unit rental in complex * Target price on new home: $…

My first condo! I’m very anti-greige submitted by /u/ViolinICO

Critique for Tropical Modernism Hawaiian Condo, submitted by /u/jaredzimmerman

Repainting my condo and would love opinions. Attached are the photos from when I bought the place. I’ve also attached color schemes I like. I’m bummed I can’t strip the paint for the exposed brick and the red paint drives me up a wall. I’m repainting the whole condo and would appreciate opinions. submitted by /u/Affectionate-Dirt-24

Thinking of buying house/condo later down the line I just want to gauge your guys’ thoughts – don’t need specific advice but want to hear others who may be or have been in a similar situation. My current financial situation: I have a about $100k in total assets, current salary is $110k, but after taxes, $401k, and medical it’s about $60k take home pay. I live in CA in a HCOL. How feasible/reas…

Have homeowner anxiety – considering selling my condo + renting instead I bought my condo 2 years ago in Ottawa, Canada. My mortgage broker is a close family member who I trusted, she said a variable mortgage is best. Like everyone else in this situation, my mortgage payments have increased by 50% and of course I wish I could go back and make a different and more informed decision instead of blindly trusting her. Th…

My parents claim I have enough to get a condo and should do so instead of continuing to rent, what do you all think? First and foremost, the options are continuing to rent an apartment downtown or buy a condo downtown. I have no desire to rent a duplex or buy a house at this point in my life ( single 25 year old male). I also live in the midwest if thats helpful. Relevant info: Salary: $87,500 Debts: $475/mo (car payment) (student loans payed off) Savings: 10…

im pretty proud of my dining table-less condo submitted by /u/RedactedDolphin

Would selling my condo now be a dumb choice? I’m not convinced in the longevity of the city I own a condo in, I got the mortgage 5 years ago when I was 21 and the value of the property shot up during Covid, I refinanced down to 3.375% which I don’t want to lose. The passive income is okay but I think I should capitalize on the value now, and invest my profits to make a more wise purchase …

My condo in San Francisco, a zen retreat from the chaotic energy of the city submitted by /u/jsherwani