25 February 2004Vail
What? Me? A Homeowner? Please.

Lilla and Roy have put the house on the market. The asking price is 380,000 furnished. I have no idea if this is a good deal or not. I'm hoping it's not going to sell, because I don't want to deal with finding a new place, despite the toxic atmosphere here.

Lilla is pushing hard for me to buy the place. I don't even know if I would if I could afford it, which is debatable. The place is nice, there's no doubt about that and the location is excellent. I could probably rent it for a few months during the ski season and pay the mortgage. The cheapest, grottiest hotels around here go for 300 bucks a night, so I suppose I could 2 grand a week for this joint. I do want to get into real estate speculation and this FSBO could be my entree.

Lilla has given me the card of her mortgage broker, a guy by the name of Jack Bergey. She seems to be of the opinion that Jack can work some magic and make it happen. I'm skeptical, especially since the my job is not only 100% commission, but is ending in April when the mountain shuts down.

Also, if I'm going to buy a place, I really want a duplex or a lock off so that I can live in one unit and rent out the other. That makes more sense, right? Plus, do I really want to put down roots in Colorado? This is a fucked up state.

Posted by andrew at February 25, 2004 08:38 AM


Comments

Ursula Says:

What happened to going to grad school? If you are still pursing that, probably wouldn't recommend buying a home at this point. Not until you figure out where you'll be. Plus $380K without a steady income is a bit much. I'd get chess pains at night just thinking/worrying about how I would pay the mortgage.

February 25, 2004 09:55 AM
JenBen Says:

I would also recommend against it. you ahve no idea how property ties you down. The good news is even if they sold it today, it takes at LEAST a month for the paperwork, etc so I'd imagine you'd be outta there before it was sold.

February 25, 2004 10:05 AM
Martha Says:

What's wrong with Colorado? It's beautiful in the summer and beautiful in the winter....how you'll pay the mortgage...that's up to you? Do you have an ace in the hole....or do you really have to have a steady income?

February 27, 2004 05:01 PM
Martha Says:

What's wrong with Colorado? It's beautiful in the summer and beautiful in the winter....how you'll pay the mortgage...that's up to you? Do you have an ace in the hole....or do you really have to have a steady income?

February 27, 2004 05:02 PM
JenBen Says:

There's nothing wrong with Colorado but when you have a job that ends in April and you don't know what you're doing next, why would you take on a huge mortgage. That's just plain silly!

February 28, 2004 11:48 AM




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