need some neutral advice about buying housing

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Apr 12, 2010
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Stuck in the box again.
Lets see if I can make this is clear as possible so I can get some good feeback from some people who don't much care. I love my family and friends dearly but they get too involved and I don't know if I'm over reacting and jumping into things.

I'm 23 and rent at home currently. My parents divoced 2 years ago and are still take things that are "theirs" mom has a condo, dad rents a place thats closer to work. Although dad collects rent he and his girlfriend come up weekly to get the mail and play 20 questions. There are still chores above paying the rent (including fixing leaky roofs). Today I was awake when they were home to see my tent, labled with my name on it in 3 inch block letters, getting out of the back of the car. Apperntly my tent was not big enough and they needed the one my mom took in the divorce along with all the other camping goods. They did find sleeping bags and took those also without asking. Now I'm pretty well out of luck for camping next weekend since he seems to think a purple sleeping bag would logically be ok to take without asking when I'm the only female living here.

I'm tired of stuff walking without asking, I told them that and as they were leaving I hear rattling in the kitchen. I come out to find them stealing my m&ms after my lecture on taking stuff without asking. This got me laughed at in my face.

I've had a goal to own a place of my own before I was 25 since I was 18. Ive managed to save up a pretty good lump sum even though I'm a macheine operator and will not be a billionare anytime soon. With the market everyone still seems to want too much for too little because they bought it 3-6 years ago when everything was super inflated and people would throw money about. Houses are a bit out of reach unless I get one thats seriously maimed to snot. Home repair doesnt scare me but once after you get the walls torn away your responsible for whats in them...That's what scares me.

I found a condo I like but its listed at 139.9k which is a ton of money. There not comming down much either only by 2.4k and they pay closing costs. It has all the appliances and is nearly 1,000 sq ft but I keep thinking that my urge to get away from my jerk of a dad is the driving force on spending too much.

Advice? Sorry for the length :confused:
 
If it is that important get a storage building or lockable tote-boxes. I know that's not possible for larger objects or stuff used everyday but its a start. If you do notice something of yours walking away make sure you stand up and say something about it. As far as moving out goes - If you are stable at work and think you will be happy in that condo 10+ years down the road - go for it! the less money you pay to rent is more equity in your own home.
 
Couldn't you spend what you are on renting your parents house,into renting another property? Either an apartment,or house? I would want to get out too(given the situation),but condos are a waste of money IMO. They just don't seem to have the re-sale of a house,or the space.

Having a heart to heart talk with your dad might help. But if it doesn't,your still in the same situation. If you could rent a different place for the same amount of money,you could still save for a house.
 
Locking storage would work but thats just watching my money go away into something I shouldn't need. If I had anything lockable I wouldn't of thought to put a sleeping bag in it. A roomie is really out of the question for me because of stuff walking, I don't even have people over often because of little trinkets possibly walking off.

Fishbum is right about the equity not going up on condos... I doubt I will get anything more than what I pay but hopefully it wont be throwing money out the window like rent is. It is at least a large condo and just me... But who knows in 5-10 years I could have something slightly bigger than a school of fish as my family.

Part of the other problem of moving out is just the simple needs a house has... a vaccume, a mop, mustard, dishes, dishsoap. I figure added up thats a thousand bucks right there for basics :(

Heart to heart doesn't work with that man... If I talk to his girlfriend she might talk to him and get something going but hes a 55 year old boy and the world revolves around him.
 
The whole "they aren't coming down any more" is crap. They will, they are just saying they won't.


Check it out: If they are asking too much, then they won't get it. The market is TANKED right now. They are asking 140k? Offer them 100k. Straight up.


I just bought a townhouse....it last sold for 200k 3 years ago. I paid 140k for it. They were asking 180k for it, and said they would NOT go lower than 165k. I got laughed at with my offers. Guess who's laughing now?


Don't get emotionally attached to the place, and low ball them. The market is cold; you have a good chance of no one sniping the place from you. If they do, then move on to the next condo/townhouse.
 
rmorse;4243869; said:
The whole "they aren't coming down any more" is crap. They will, they are just saying they won't.


Check it out: If they are asking too much, then they won't get it. The market is TANKED right now. They are asking 140k? Offer them 100k. Straight up.


I just bought a townhouse....it last sold for 200k 3 years ago. I paid 140k for it. They were asking 180k for it, and said they would NOT go lower than 165k. I got laughed at with my offers. Guess who's laughing now?


Don't get emotionally attached to the place, and low ball them. The market is cold; you have a good chance of no one sniping the place from you. If they do, then move on to the next condo/townhouse.

The problem is they owe too much on it and theyve been playing this game for over 200 days now. They are looking at getting out even without going into a short sale. I'm guessing they bought the place 5 years ago since they have a young kid and now they have another on the way. I offered them 130k + they pay closing costs, they came back with 138.9k and the closing costs paid. They had an open house that weekend though so I figure they were going to look for a full out offer. I waited about a month before making another offer and came up to 136k + closing costs. They came back again with the same offer.

They also changed the closing date from the 7/29 I wanted to 8/9, meaning another month of rent. On the flip side that does give me time to move after my vacation.... what little I do own minus the fish.

Theres a different unit (same style, different building) that looks like a dump for 124k around the block but it has some pretty intresting electrical issues and needs a new washer/dryer/fridge plus the oven racks are gone which I think means a new oven too unless I lucked out somehow.

I dunno.
 
Keep looking. I'm not sure where you are,but it is still a buyers market where I live.
For 138k, you could have a 3 bedroom,1500sq ft house in my neck of the woods.
 
fishbum;4243928; said:
Keep looking. I'm not sure where you are,but it is still a buyers market where I live.
For 138k, you could have a 3 bedroom,1500sq ft house in my neck of the woods.

That would be great if I move... Its a buyers market here as well but that 3 bedroom 1500 square foot house is 200k+ here. Even in the worst part of the county condos start at 100k. The cheapest house around is 1000 square feet for 150k and has radon and mold issues.
 
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