I'll copy ideas from Martha Stewart or Rachel Ray or the Real Simple writers or the creative women I meet in San Francisco and then you can copy them from me and then everyone will think we're so creative/smart. Deal?
Friday, October 27, 2006
Copy my good deal?
Would it be a good idea if I bought a condo that was below market rate? Cause some of these are being offered through the Mayor's Office of Housing and are income restricted. Deal or no deal?
You have to be careful with condos. If a certain percentage (I'm not sure the exact amount) are being rented out (instead of the owner living there) the bank won't finance a loan to a potential buyer should you want to sell it in the future. Therefore, if you want to move someday you could be stuck with a condo that you could only sell to someone who has cash (which is hardly anyone.) Also, as Michelle said, you have to be careful about the neighborhood. I know how much you love San Francisco, but it's just soooo expensive for what you get. Are you still thinking of moving to Salt Lake City?
Hi! In October 2010, I moved from San Francisco to Manhattan with my husband, daughter, and twin boys. Since then I've been busy teaching myself and my kids how to hail a cab, fly a kite in Central Park, and walk across the Brooklyn Bridge with style. And a few other things. I write about those other things here. Thanks for stopping by!
Email questions to sharonbeesley@gmail.com.
4 Comments:
deal!
no deal. look at the neighborhood...
You have to be careful with condos. If a certain percentage (I'm not sure the exact amount) are being rented out (instead of the owner living there) the bank won't finance a loan to a potential buyer should you want to sell it in the future. Therefore, if you want to move someday you could be stuck with a condo that you could only sell to someone who has cash (which is hardly anyone.) Also, as Michelle said, you have to be careful about the neighborhood. I know how much you love San Francisco, but it's just soooo expensive for what you get. Are you still thinking of moving to Salt Lake City?
come to the east bay! you can go condo shopping with me and we can look at 600 square feet condos for over a half million, it will be loads of fun.
some days UT or AZ doesn't look so bad anymore. ok maybe UT does, but not if it's at the base of a mountain!
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