Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 12-13-2010, 09:27 PM   #21
gone traveling
 
Join Date: May 2008
Posts: 3,864
Quote:
Originally Posted by Rich_in_Tampa View Post
DW and I are thinking there will be a housing change in our lives in the next year or two -- if not a relocation at least a down-size. For the first time since our 20s we are thinking about renting an apartment rather than buying. We've met several retirees in the same boat.

We were wondering about the non-obvious aspects of that choice (that is, excluding the well-known issues of rising rents, noisy neighbors, sluggish landlords, freedom from exterior maintenance, etc.). We were thinking of apartment developments rather a private house rental.

We are both biased toward owning our own home, but maybe it's time to reconsider. Has this worked for any of you? Any heads-ups or tips?
You do realize that by moving into an apartment, you will be automatically disqualified from participating in any thread on E-R.org involving paying off the mortgage early, don't you?- maybe it is time to reconsider.
__________________

__________________
Westernskies is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-14-2010, 05:26 AM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,280
Quote:
Originally Posted by Westernskies View Post
maybe it is time to reconsider.
Just one more year.
__________________

__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 12-14-2010, 05:56 AM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,280
Kids living in apartments at risk of passive tobacco smoking

I am sure this applies to Adults also.

Quote:
Children living in multi-unit apartment buildings are at higher risk of passive tobacco smoking than those living in detached houses, a new study in the Jan 2011 issue of Pediatrics suggests.

The study led by Karen Wilson, MD, MPH, of Pediatrics at the University of Rochester Medical Center's Golisano Children's Hospital found children living in apartments had 45 percent higher exposure to passive smoking.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 12-14-2010, 08:17 AM   #24
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,076
Quote:
Originally Posted by Rich_in_Tampa View Post
It has always been relegated to a storage lot, so it won't know what it's missing.
All the apartments we have lived in had parking areas set aside for RV's, trailers with boats etc.

Quote:
Originally Posted by Achiever51 View Post
Before today, I wouldn't have thought of apt. living as a possible option for us. But today, with an outdoor temp of 6 degrees, as I waited all day for the repairman to come repair our furnace and restore the heat, I must say the idea is suddenly appealing.
A few years ago in the middle of summer our A/C unit failed on a Saturday and when the maintenance guys came over they decided that it needed a new outside unit which would take a couple od days to acquire. They gave us the keys to a furnished apartment to use for a couple of days while it was repaired. (They always have "show" apartments).
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 12-14-2010, 09:28 AM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
Quote:
Originally Posted by RonBoyd View Post
Many buildings are non-smoking, at least in Seattle.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 12-14-2010, 10:04 AM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,280
Quote:
Originally Posted by haha View Post
Many buildings are non-smoking, at least in Seattle.
Just sayin... put it on the list.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 12-14-2010, 11:03 AM   #27
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,494
Not having lived in an apartment since 1979, it's been a while. But I hated apartment living. The first one had unreliable hot water (older building) and the heat and A/C were central and turned on or off once per year. When I got off work at 0200 hours that meant a hike from the far end of the parking lot, seemingly always in rain, ice and snow. W2R is right that having the laundry down the hall got old fast. On the plus side it was quiet. I moved because the rent was rising faster than my income.

The second was newer and that meant thinner walls and the attendant noise from neighbors. Even in my 20's hauling everything up two or three flights of stairs was an annoyance. Maintenance was generally good, nothing untoward ever happened, but I hated the idea of someone coming in "my space" when I wasn't there.

The major advantage I can think of is the ability to pack up and move on short notice.

Hopefully I will never live in an apartment again.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 12-14-2010, 11:30 AM   #28
Recycles dryer sheets
Automatika's Avatar
 
Join Date: Sep 2010
Location: Lebanon, TN
Posts: 112
My DW and I lived for a couple of years in an apartment when we moved to Nashville, I thought it was OK but DW hated it. We had 3 different neighbors in 2 years and they were all very different from each other. Despite being one of the nicer complexes in the area there were several apartments that ended up being rented to "migrant" construction workers who didn't seem to care much about the other renters or grounds, littering and making a lot of noise. In a large complex such as the one we lived in the management seemed pretty inneffective at rule enforcement. We are happy to be back in our own house.
__________________
"If it didn't have bones in it, it wouldn't be crunchy now, would it?" -M. Python


Age 50, DW is 54, 1.4M split 25 Stock, 40 Mutual Funds, 25 Bonds, 5 Commodities, 5 REIT. Own Home, no debts.
Automatika is offline   Reply With Quote
Old 12-14-2010, 11:40 AM   #29
Moderator
Sarah in SC's Avatar
 
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,456
Rich, we want to move to a carriage house in downtown Charleston when we finally get tired of keeping up with the homestead in the country. Something like that would have the comforts of a rental but also be separate living space. I'd rather that than a traditional apartment.

I don't know if other cities have these carriage houses (used to be for horses way back in Colonial days), but Charleston is full of them.
__________________
ďOne day your life will flash before your eyes. Make sure it's worth watching.Ē
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Old 12-14-2010, 01:58 PM   #30
Moderator Emeritus
CuppaJoe's Avatar
 
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,866
Quote:
Originally Posted by Rich_in_Tampa View Post
....
We are both biased toward owning our own home, ....
This says it all? You might be good candidates for renting a detached house and/or looking to buy ASAP.

Iíve lived in apartments all of my adult life, partly because I cannot afford to own in the area where I choose to live.

My neighborhood skews young and high income: quiet students, people working at home (again quiet), nurses, hospital residents, lawyers, overworked techies, hotel or airline employees home at odd times or odd days, and some (apparent) trust fund babies. Renterís insurance is lower for places where there are people around all the time. Retirees are rare but can be found at the coffee houses, museums, classes, libraries, parks and out walking their dogs. If I go out on the roof for sun and the view, someone might join me for the company. Recently met a neighbor because I stopped to look at an unusual site, mouth agape: goats were all over the urban hillside taking care of lawn maintenance. I donít mind carrying laundry down four flights of stairs to the basement but keep in mind it can be a social occasion, as is picking up the mail.

One downside to living on the top floor of an old quiet building is that you can feel the weather. Since this is a Mediterranean climate, most of the time I love that except during rare heat waves or cold snaps when the temperature is more comfortable on lower floors; I also feel the humidity during rainy season. These conditions are so rare that no one considers putting in air conditioning or de-humidifiers. We constantly open and close windows year round; hey, itís what we do all day.

Many apt. dwellers travel for weeks at a time (like Alan) and so many people hit the slopes here that the neighborhoods are eerily quiet on weekends and holidays.

I dislike elevators because of the noise; they tend to be ugly and alternate staircases an afterthought. Staircases without elevators tend to have more charm.

Over age 50 housing may restrict visits from children.

If I had time when apt. or house hunting I would take walking tours and check old maps. Is the building on landfill? How did the area do during the last natural disaster?

Keep us posted, R-I-T.
__________________
CuppaJoe is offline   Reply With Quote
Old 12-15-2010, 10:19 AM   #31
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,030
The one big downfall to apartment living is the stairs or the elevators. It's fine when you are young but after 60 lugging groceries and other shopping up flights of stairs grows thin. Residential elevators break and you are at the mercy of a small amount of repair men who specialize in this especially if they are older elevators .
__________________
Moemg is offline   Reply With Quote
It depends.....
Old 12-15-2010, 02:18 PM   #32
Recycles dryer sheets
 
Join Date: Jun 2005
Posts: 126
It depends.....

on the apartment and the house (and what you want and what you're willing to pay)....

Getting ready for retirement, my wife and I decided it was time to get rid of the larger than needed, close-in suburban, (lake-side) house in VA (where I'd raised my kids) and move to DC.

A few years previously, my then finace (I'm a widower) took a job in NY and I commuted each (long) weekend. We wanted enough room for my two boys (then in college) to stay with us, so we rented a large two bedroom 2&1/2 bath apartment in mid-town east with a doorman and an elevator operator and a high floor manhattan view and it was really quite pleasant. (They even had refrigerators and freezers to hold mid-day food deliveries!) We considered moving to Manhattan full time.

But it certainly was pricey!! And even with all the amenities, storage, direct access to the outdoors, and room for projects was limited. In any case, after a year or so, we decide to return to Virginia.

And while we certainly considered apartments when we moved into the DC last year, we ended up buying a townhouse in Georgetown. The deciding factors were things like space, privacy, parking, quiet, and outdoor access (and we even have an HOA that rakes the leaves and shovels snow!)

Like I said, it depends. Even the relative cost is hard to predict, depending on inflation and real estate prices.

So far, so good!
__________________
jerryo is offline   Reply With Quote
Old 12-15-2010, 04:06 PM   #33
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 2,675
We are considering apartments as an option when we sell & move.

We have lived in apartments before (though not for the last 16 years), and think we could manage with the smaller space, the closeness of neighbours etc. We loved the convenience of not having any maintenance & the ability to lock & leave.

My biggest beef is the quality of the stove & exhaust in most apartments I have looked at online. We cook daily & love it. A lousy stove will be a significant and almost daily problem. This is not a problem in the high-end luxury apartments, but those are out of our price range for long term stay.
__________________

__________________
walkinwood is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Need Help With Apartment Application haha Life after FIRE 9 06-16-2007 04:37 AM
Apartment Hunting BigMoneyJim Young Dreamers 8 03-22-2007 06:13 PM
Burned by condo-to-apartment conversion Jay_Gatsby FIRE and Money 10 07-12-2006 07:55 PM
Apartment / Portable Ice Makers? BigMoneyJim Other topics 9 02-08-2006 04:41 PM

 

 
All times are GMT -6. The time now is 09:30 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.