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Thread: 20-something + Retirement = What?

  1. #181
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    Just submitted my MSc dissertation and am in talks about working remotely in 2013 for a substantial day rate. Good fuggin' day!

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    Originally posted by davidI


    Just submitted my MSc dissertation and am in talks about working remotely in 2013 for a substantial day rate. Good fuggin' day!
    Nice! Congrats!

  3. #183
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    Thanks man. Working from a beach in Nicargua between surf sets at $75-$100/hr would be pretty epic! Discussions are still pretty initial and it wouldn't happen until 2013 but I'm stoked just the same.

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    Just to reinforce my hatred for having a house while traveling, my tenant messaged me to say the furnace isn't working. Fuck my life. Probably a $3500 replacement and a huge pain in my ass to deal with from overseas.

    If you really want to see the world, TRAVEL FIRST & BUY HOUSE LATER.

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    .
    Last edited by kaput; 03-12-2019 at 08:04 PM.

  6. #186
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    Originally posted by kaput
    OR buy a condo...


    if in the future i find myself spending more time in other parts of the world than here, im swapping the house for a condo

  7. #187
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    nm
    Last edited by e36bmw///; 03-05-2018 at 11:37 AM.

  8. #188
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    condos are lame and smell like soup. never would i buy one, unless to rent out.

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    Last edited by kaput; 03-12-2019 at 08:04 PM.

  10. #190
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    Last edited by e36bmw///; 03-05-2018 at 11:37 AM.

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    Last edited by kaput; 03-12-2019 at 08:04 PM.

  12. #192
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    Originally posted by e36bmw///
    And if your furnace breaks down, you! have to fix it. Not the condo board.

    Originally posted by e36bmw///
    You posted "buy a condo" right after davidI's post, where he said he has to replace the furnace.

    What did I not get.
    I think you're including townhouses, which do not fit the condo definition.
    Last edited by FiveFreshFish; 05-02-2012 at 05:31 PM.

  13. #193
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    Originally posted by FiveFreshFish
    I think you're including townhouses, which do not fit the condo definition.
    Some condos have a individual furnace, water heater...

    The definition of a "condo" is very broad and can include even houses... Wiki & Queen's Printer
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    nm
    Last edited by e36bmw///; 03-05-2018 at 11:37 AM.

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    ...
    Last edited by Sugarphreak; 07-09-2019 at 03:52 PM.

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    Yep, apartment condos are usually turn-key and the only thing you have to worry about is appliances or high-needs tenants (I have friends with tenants who call to replace light bulbs).

    Townhouse condos probably have their own furnace / water heater / garage door springs & opener and other potential hassles.

    The problem with apartment condos, IMO, is that it's too easy for supply to increase and deflate prices. That's why I ended up getting an inner-city house (not that inner city, but only a 20 minute bike ride to downtown). No one can increase the supply of land near downtown.

    I think I made the right choice, in hindsight, as my property's value appears to have increased while the condos I had been looking at have decreased, but the best decision for me would have been to rent until I decided where I wanted to live or if I was going to get married and settle down.

    There are negatives to renting for sure, but from a cost perspective it seems to make sense in Calgary these days given that rents have not increased to the same extent as property purchase prices. Just my $.02.

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    Sorry for hijacking your thread Flipstah! It is becoming an interesting discussion of how to live and what to do in your 20s though so hopefully still relevant to your original post!

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    Originally posted by davidI
    Sorry for hijacking your thread Flipstah! It is becoming an interesting discussion of how to live and what to do in your 20s though so hopefully still relevant to your original post!
    It's actually giving me perspective from all demographics so it's working out well for me.

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    Originally posted by flipstah


    It's actually giving me perspective from all demographics so it's working out well for me.


    One more thing on the condo discussion is special assessments. I have a friend who received a $25k assessment on her apartment condo (the condo doc review showed there was a substantial pool of funds, but structural issues can really add up).

    I also recall looking at purchasing a townhouse in Coach Hill and as part of the realtor's obligations they told me there was going to be a $15k special assessment for new windows. So I said, 'oh, that's cool this place will get new windows' to which he replied, 'no, only half the complex is getting them because of issues with their installation'.

    Fuck paying $15k for someone else's windows!

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    Last edited by kaput; 03-12-2019 at 08:04 PM.

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