But take this condo Boyfriend wants to buy is being sold for $149,900 (according to the Seller). Yet, it is listed on Zillow as being offered at $157,900. The seller even told us he would take off 2% since Boyfriend is not working with an Agent. That brings us to about $143,000 (aka $12k cheaper than it was when it was listed on Zillow 168 DAYS AGO). It is a STEAL (which is what we'd have to do to purchase it but that's a whole other story).
Check out this lobby! Right now I have to dodge crackheads to get to Boyfriend's Apartment!!
And, besides having a place to stay, what would purchasing this condo mean in the long term? Take a look at this fancy chart courtesy of Zillow showing the property valuation over time:
In the past five years this place has TRIPLED in price. In fact, had I not gone to school and just moved up here after college and bought it for $60k in 2003, I would have 1) not had to pay rent and 2) made $80k. Damn, I'm in the wrong business.
But anyway, that's my two cents, coincidentally that's also all I have to devote to a condo purchase right now, but if only....