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#1 |
Confirmed User
Join Date: Jan 2002
Location: Shreveport, LA
Posts: 1,564
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Is There Any Point Of Getting A 1 Bedroom Luxury Condo?
I'm looking into getting a condo in the Dallas/Fort Worth Area....
See some 1 bedroom condo's going for $110,000.... 2 bedrooms are going for around $140,000-$150,000 I'm a young guy Single with no kids, and don't need a whole lot of space But a lot of my people are saying there is no point of buying a 1 bed room condo.. Whats Your Input?
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#2 |
Too lazy to set a custom title
Join Date: Feb 2003
Posts: 12,240
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$110,000 is luxury?
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#3 |
Bon temps!
Join Date: Feb 2003
Location: down yonder
Posts: 14,194
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Extra bedroom always makes a great office or workout room until you actually need the space
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#4 |
we'll miss you our friend. RIP
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Join Date: Sep 2001
Location: Fernie, BC
Posts: 25,115
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i'd think about getting a two bedroom. room, people can stay over, can use as an office, etc.
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#5 |
Confirmed User
Join Date: Oct 2002
Location: New Jersey - adaptweb at gmail.com
Posts: 3,127
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i'm in the same boat as PL.. the prices are a bit more here though, 150k+ for 1 br, 180k+ for 2br.. i'd def. rather have the 2br though.
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#6 |
Confirmed User
Join Date: Jul 2001
Posts: 6,964
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how much square feet are you getting for 110k in texas?
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#7 |
Confirmed User
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Join Date: Jul 2001
Posts: 3,472
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at these low interest rates, if you can afford it, Id get the 2 bedroom, it will appreciate faster than a 1 bedroom and you can rent out the 2nd bedroom to help with the mortgage if you dont mind living with someone.
Or use it for storage, an office, workout room, whatever. And those prices are cheap. 2 bedroom condos are over $350k in my area. if youre looking at investment condos arent great. singles and multis are way better. |
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#8 | |
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Join Date: Dec 2001
Location: London Town
Posts: 2,924
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Quote:
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#9 |
Confirmed User
Join Date: Oct 2002
Location: New Jersey - adaptweb at gmail.com
Posts: 3,127
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i was interested in this condo for a bit. http://newjersey.foxtons.com/search?...it_type=search
i am holding off though, i'd like a single family house instead.
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#10 |
Two fresh affiliate progs
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Join Date: Nov 2004
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Posts: 29,602
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Thats cheap. But for resale I would go for at least a 2 bedroom.
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#11 |
wtf ?
Join Date: Dec 2003
Location: GFY
Posts: 11,895
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I see luxury condos selling for $500k + in Massachusetts... I would jump all over anything for 100k
Get the extra bed rooms, you wont be single for ever
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#12 |
Too lazy to set a custom title
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Join Date: May 2002
Location: Corona Del Mar, CA
Posts: 10,520
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jesus, that's cheap.
here in newport beach, you cannot find a 1 bedroom house for less than 700k 1 bedroom condos start around 450k. |
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#13 | |
Confirmed User
Join Date: Jan 2002
Location: Shreveport, LA
Posts: 1,564
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Quote:
don't get mad at me because property prices are low.. But the luxury prices for a 1 bed room is $400,000 but trust me the ones that are 110,000 are nice too...
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#14 |
Confirmed User
Join Date: Mar 2002
Location: CA
Posts: 3,218
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I've went up to san francisco last week to look at them. Generally 1-2 bedroom luxery condo in Pacific Heights will run you about $1.7
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#15 |
Confirmed User
Join Date: Jan 2003
Posts: 6,688
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whoever says not to buy a 1 bedroom is an idiot
if you cant afford a 2B go for the 1B. its an investment in which youll get back all the money you put into it (mortgage payment ect) unlike renting where your pissing $$ away.
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#16 | |
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Join Date: Jan 2003
Posts: 6,688
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Quote:
location location location
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#17 |
Confirmed User
Join Date: Jan 2003
Posts: 6,688
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in miami beach and south beach
studio condo's $90 to $100 thousand thats right ONE room with a small kitchen
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#18 |
Let's do some business!
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Join Date: Sep 2004
Location: Austin, TX
Posts: 31,328
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I would imagine the resale value on a 2bd is much better than a 1bd. But as mentioned, the second room could easily be an office or guest room. Set it up as an office and you can start writing off some of your mortgage. Talk to an accountant and I'm almost positive he/she would tell you to get the 2bd. You'll probably save the difference on taxes alone.
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#19 | |
Outside looking in.
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#20 | |
Outside looking in.
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#21 | |
wtf ?
Join Date: Dec 2003
Location: GFY
Posts: 11,895
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Quote:
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#22 |
Too lazy to set a custom title
Join Date: Jul 2004
Posts: 10,970
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Bling factor
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#23 |
lurker
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Join Date: Aug 2002
Location: atlanta
Posts: 57,021
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go with the 2 bedroom better investment
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#24 |
Confirmed User
Join Date: Feb 2002
Location: Somewhere
Posts: 5,859
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If you can swing it, get a house. A house will have better resale value and more space. Get a 3bed 2 bath somewhere and you shouldn't have a prob selling or renting (if you go that option)
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#25 |
Bland for life
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Join Date: Nov 2004
Posts: 10,468
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get a two bedroom.
110k can't even get you a closet in boston.
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#26 |
Confirmed User
Join Date: Jan 2005
Location: Costa Rica
Posts: 186
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How's Shreveport doin, Platinum? I lived there before I moved down here to Costa Rica. Don't miss it one bit
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#27 | |
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Join Date: Jul 2001
Posts: 6,964
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Quote:
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#28 |
Bland for life
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Join Date: Nov 2004
Posts: 10,468
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Boston's Back Bay has some of the most expensive property in the country. All "big city" real estate is out of control right now.
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#29 |
The one and only!
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Location: Atlanta, GA
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if that's all you want, then get it. start building some equity.
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#30 |
Confirmed User
Join Date: Jan 2003
Location: ICQ: 17630227
Posts: 2,988
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Go for the 2 bed room appartment,
higher resale value and tons of other options you'll feel claustrophobic in a 1 br app. even tho u're single. |
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#31 | |
Confirmed User
Join Date: Jan 2002
Location: Shreveport, LA
Posts: 1,564
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Quote:
with a BIG front yard, and an even BIGGER backyard... Cutting the grass..... in the heat of summer It's something I don't look forward to doing again... Like I said I'm a young man 22 years old, not interested in buying a house at this time, I'm a single man, with no children... To Me A House Is For a Man With a Familia
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#32 |
Too lazy to set a custom title
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Join Date: Mar 2003
Location: Homeless
Posts: 62,911
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1 bedrooms can be hard to sell sometimes. Unless it has an ocean view or a great lake view. So keep that in mind.
If you have the money, I would go 2 bedroom.
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#33 |
Confirmed User
Join Date: Aug 2004
Posts: 1,164
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an extra room would always come in handy
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#34 | |
Confirmed User
Join Date: Jan 2002
Location: Shreveport, LA
Posts: 1,564
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Quote:
Shereveport is a completely different kind of place.... it's a smaller BIG CITY atmosphere.... So many nice places to live.. but I only have one body....
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#35 |
GFY'S #1 retard
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Join Date: Feb 2003
Location: Kelowna
Posts: 11,118
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I met a chick on a cruise once from San Fran. Her and her husband have a place right by the zig-zag street and she said they were debating whether to rent it out, quit their jobs, and move to Cabos San Lucas where they could live off the rent. I asked how much she thought they could rent it for, and she said their house would rent for 8k US a month.
Mind you, I visited San Fran a year later with my mother and we drove down that street. I don't think I saw anything worth 8k US a month. I've been told it's not too unreasonable because San Fran is the most expensive city in North America. |
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#36 |
Drunk and Unruly
Join Date: Jan 2002
Location: Hollywood
Posts: 22,712
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485 sq foot Studio in NY click here to see it $450,000
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#37 | |
Confirmed User
Join Date: Feb 2002
Location: Somewhere
Posts: 5,859
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Quote:
My boy just sent me this http://www.carnegiepark.com/site/ava...ailability.htm |
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#38 |
ICQ 1 6 7 8 5 3 4 9 2
Join Date: Feb 2003
Posts: 13,098
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2 bedroom will sell better down the road
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#39 |
Confirmed User
Join Date: Sep 2002
Location: cali
Posts: 1,002
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later when you rent it you'll be happy you have a 2 bedroom.
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#40 | |
Drunk and Unruly
Join Date: Jan 2002
Location: Hollywood
Posts: 22,712
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Quote:
There's actually some really good prices on there for 1 bedrooms. As long as you have your mindset to where you don't expect to start at less than $2,500 for a rental or $400k to buy in New York then everything falls into place. You approach making money an entirely different way. I love this city!
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#41 | |
Confirmed User
Join Date: Jan 2005
Posts: 211
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Quote:
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#42 |
Too lazy to set a custom title
Join Date: Jun 2003
Location: Jesusland
Posts: 10,017
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You can never have too many bedrooms. If I had 10 I could find something to do with each and every one.
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#43 |
In Tushy Land
Join Date: Oct 2002
Location: Nebraska
Posts: 40,149
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I have to have 2 bedrooms min for myself. 1 is for my office.
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#44 |
ol' timer
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Join Date: Jan 2001
Location: Seattle WA
Posts: 4,715
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2 bedroom for resale value. (don't consider renting it a guaranteed thing, most condos have a board and they have to approve rental canidates)
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#45 |
Confirmed User
Join Date: Feb 2005
Posts: 2,804
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Some good advice in this thread, I was looking for a condo in the vegas area
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