Pinz isn't gone, he's just ignoring us. Peeking in at the SLC blog we see Nigel's back and with a vengenance! In an abbreviated (312 words) post he now tells us CONDOS might be the thing we're all looking for. After all, Salt Lake City is running out of land!
First time home buyers often fear the repair and maintenance obligations a home brings. There are constant chores like cleaning out the gutters, raking leaves, mowing the lawn and shovelling snow. A condo or townhouse offers the financial benefits of ownership, plus the pride of ownership without many of these maintenance chores.Plus those great condo fees! It's like owning a home and renting at the same time!
Owning your first home can be intimidating and exciting. By choosing condo living for the first home you can get a chance to see what it's like without the hassles of routine maintenance.Hmmm... the maintenance theme once again... I never realized how much mowing the lawn really does get in the way of my life. He might be on to something here.
For first time home buyers, condos present tremendous opportunities to find out what home ownership is about without having to make the same financial or upkeep commitments a small house would have.You're right! While technically my condo fees are a financial commitment, they are different than a house with actual property. Now these upkeep commitments, i'm guessing they are the same as those dreadful routine maintenance tasks. I'm still listening...
Sure, the condo owner is responsible for picking up inside the unit and the minor plumbing and electrical problems that are bound to occur, but those tend to be one time shots and can often be repaired cheaply by the budding do-it-yourselfer or a quick call to the local handy-person.What the fuck? You just told me i'd be free of routine and life-ruining maintenance here. When I rent and my tub clogs my landlord takes care of that and keeps the grounds nice. What gives?!
Way to go Nigel, in a failing housing market push the worst type of property you can...the one that depreciates the fastest and has additional monthly fees subject to change, to assure that you "never own" the place.
2 comments:
Yeah, Nigel's post reads like a pamphlet for some RE startup run by 20 somethings funded with Mom's money. Nigeypoo is going to have to actually have something to say if he wants to expand his audience beyond the two of us who are just canvassing for stuff to mock him with.
Bailing on DHC and RCS was the smartest thing he's done yet. There was nothing for him to conceivably gain by continuing them, unless he's actually enjoying the flame war.
Heh, like owning and renting at the same time... I know that feeling. My first property was a condo. Sure, my association fees paid for water and grounds maintenance, but they also paid for silly rules like no pickup trucks can be parked on the premises. Sure enough, I dated and then married a woman who owned a pickup truck. I was happy to sell that place and get a real house. There are enough state, township, and federal laws to keep you busy without having to deal with some stupid condo association rule about what kind of car you can own.
It was a good first property though; I can give Nigel enough credit for that.
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