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Reply to "Validate my view that long-term renting is a valid lifestyle choice"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, I want to be with you, but everything you describe, can be had in a condo. We have many of the amenities you and many others have, we live in a great neighborhood with little commute. About 25% are renters, most people live in the units they own. I can put a request to fix the toilet in the morning and it's fixed by the time I get home. We also have maintenance living in the building. People have adds up asking to rent in the building, so no, it's not hard to rent it out in case I have to move for work. Parking in garage and coming up takes a minute max. No dogs/cats which I like, but I'm sure you can get a building that allows dogs. We have heated pool, store, library, drycleaners, sauna, gym. Front door guys will even bring your packages to your door. We have 24/7 security and nobody had blasted their music or done construction in the middle of the night. We also don't live in a shoe box. Our PITI and HOA are about $2100. Renting the same place is about $1900-$2200. In condo building with maintenance on site you don't worry about fixing anything. Appliances are installed for you and they die at the same rate they die in a rental. In 4 years, we have changed out the toilet and garbage disposal. That's all the maintenance we've done since moving here. We also put down only $25k-should'nt be hard if you can afford $3k in rent. If you look hard, you can find a place that gives you all you have now, they just call them condos and you have a choice of renting or buying. You can even rent yours out since you like renting so much and rent one on another floor.[/quote] Sounds like a great deal! Where is this? Any more available?[/quote] Seriously, help a sister out! I'm looking for a full-service condo like this, and the buildings I've seen in DC that include 24-hour concierge, pool -- the works -- are $$$. We're talking 20% down payment and still $4000 a month (once you factor in the fees) for a ONE bedroom. I don't know how good a purchase that would be, as there has to be some ceiling to what people are willing and able to pay for a condo. I think in DC, unlike Manhattan (which has a much greater pool of people able to buy million dollar condos), the people with the means to spend this kind of money would rather just buy the house in Falls Church or whatever. I'd be concerned about the resale value of an apartment that costs $4000 a month.[/quote]
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