NickKnight NickKnight@hotmail.com writes
>When I'm looking at an area to >move to check out
>things like where the nearest >stores are, how many
>of them there are, and what they >charge for prices.
19 years ago, when I moved to where I am today, I had a car. I no longer have a
car (since August) and don't expect to have a car 'til late '04. When I do go
to the supermarket, which is 10 blocks away, I walk to the store and take a cab
back (with my groceries). 4 of the 10 block are uphill, which is why I don't
take a cart and walk my groceries back home.
This arrangement is better than buying a car now and spending $100 month a
garage space (necessary, for this area) plus $2,000/year insurance (average,
for this area), etc. Why don't I move? I live in a co-op and would take a
minimum $20 grand loss if I sold at this time.
That should answer any responses you wish to post.
NickKnight - 08 Jan 2004 21:24 GMT
>for this area), etc. Why don't I move? I live in a co-op and would take a
>minimum $20 grand loss if I sold at this time.
So instead you'll spend many thousands shopping at local stores who
overcharge you.......
Look at how much you overpay at the local store, the cost of
taking a cab, the cost of your time and you come darn close to
the thousands you would loose if you sold at this time.
BTW, if you would loose $20 grand if you sold, then did the
property loose value, or did you pay an amount that was
considerably above the market rate? Around here even
with the depressed job market the value of property is
rising fast. It's a sellers market, many houses are
sellling in one or two days of going on the market.
Maybe your mistake was buying a co-op instead of
buying a house? If so if you're going to take a loss
maybe you should sell now and take a smaller
loss now instead of a much larger loss later?
--------------------------------------------
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Luvskats00 - 08 Jan 2004 22:56 GMT
To: NickKnight NickKnight@hotmail.com
Either you're chatty or really interested...
The circumstances that existed when the co-op was purchased have changed since
the purchase almost 20 years ago. Back then, the building just turned co-op
and everyone was in it together...we had a common bond of newness. We set
policies, knew our neighbors, had outdoor functions as a group, etc. The
surrounding neighborhood was residential..mostly houses...transportation was
near, etc. I had a car and was very mobile. Now, almost 20 years latere, 90
percent of those who purchased in the beginning have sold to people we
long-termers do not know. The 24-hour doormen service is now whittled down to
3-4 hours/day, etc. I stay because currently I am involved in a series of
dental implant surgeries and need to be near the dentist. When I move, I want
to move out of this area entirely. Also, I am currently enrolled in a
postgraduate program and don't wish to make it harder on myself by moving
farther away. Most importantly, I am not working presently and would be an
idiot to sell a co-op at a loss and move with no income coming in.
I hope that does answer all the question you asked/wanted to ask.
I will have a car eventually...when I get a job again. For the time being, it's
cheaper to go out and continue the practice of shopping by cab...as opposed to
staying in the house 24/7 and never going out at all.
NickKnight - 08 Jan 2004 09:01 GMT
>farther away. Most importantly, I am not working presently and would be an
>idiot to sell a co-op at a loss and move with no income coming in.
But it sounds like the building is such that if you don't sell now
your loses will be greater. Not working is a problem too.
Although it sounds like if you don't sell soon in a few years
instead of taking a bath for $20,000 it may be many times more.
I would point out I do work as a financial adviser.
It also bugs me that some store owner will take advantage of
someone like you and jack up their prices.
--------------------------------------------
"It took us 15 years to McGyver this thing."
-------------------------Carter on Stargate
To send me e-mail exorcise NO Spam from
my e-mail address.
Luvskats00 - 09 Jan 2004 09:43 GMT
>I would point out I do work as a >financial adviser.
Why didn't you say so? <g> Advice given by a professional is more welcome
(and, perhaps, valid) that some yokel posting an opinion!