Check out the HOA restrictions before renting one. Often they are more restrictive than a rental apartment.
This confuses me. How could the HOA restrictions on a tenant be more restrictive than on the owner? Could you provide an example?
Check out the HOA restrictions before renting one. Often they are more restrictive than a rental apartment.
I've always wondered what the real reason was behind those frequent moves. The more we learned about that guy the less truth there was.Edit to add: There was a poster here years ago (OldAgePensioner) that basically did what you are talking about (well, except for selling the mult-million dollar house). After coming back to the states after a career as an expat, he lived in a nice high rise apartment for 6 months to a year at a time in a number of different large US cities (Seattle was one I think). Very little possessions, more of a vagabonding lifestyle.
We've been happy with San Diego and the highrise lifestyle.
Well, clearly you seem to be tilting toward selling the house. What a sweet deal, especially if you can sell it to your tenants.But I think we are currently looking at this simply as whether we care to continue owning a home that neither of us really want to go back to.
We just sold our home on Bainbridge Island and purchased in a co-op in Portland. The location is great, the building & its finances are rock solid, the cost of living there very reasonable. A number of owners have homes elsewhere. The kind of place people buy into after the kids are launched, then leave the move out to their heirs.
We considered stick framed condos, conversions, and even recently constructed high-rises. The co-op met our lifestyle needs the best.
In the Pacific NW many buildings recently constructed as condos are now entirely rentals. That may be the way to go if you are new to a community, however, almost all the developers assert that status as a rental building is temporary. Buying in a building constructed during the bubble has construction defect risk, a building that is 'seasoned' has fewer unknowns.
There is an HOA here that has a rule about teck furniture on the balcony. If you rent one on that buidling, don't try putting an alluminum web lounger out there.This confuses me. How could the HOA restrictions on a tenant be more restrictive than on the owner? Could you provide an example?
I think there are a lot of advantages in utrecht's plans. The one thing I have observed is not to keep anything more than family treasures and store those in a climate controled enviornment. Much can be replaced at resale and thrift shops, storage costs can add up quickly.
I think there are a lot of advantages in utrecht's plans. The one thing I have observed is not to keep anything more than family treasures and store those in a climate controled enviornment. Much can be replaced at resale and thrift shops, storage costs can add up quickly.
We heard a storage facility owner say that most of his clients rent for years before finally facing the challenge of getting rid of stuff.One of my classmates asked what to do with all the excess 'stuff' when downsizing. Two suggestions were worthy of sharing: offer it to friends and family and then 'visit it' at their homes; the other was to put it in storage for 6 months then abandon that which you haven't needed enough to retrieve during that period (one could reasonably extend that to 12 months).
I did a home tour this Saturday in Pittsburgh(the historic South Side). My favorites were the one bedrooms in converted factories and Catholic schools. I could easily have moved into one provided I had a parking space. I would have to get rid of lots of stuff including one of my cars, but it would be great to live in a building that is close to all the urban things that I like to do. The architects did a stellar job with contemporary design, and it didn't hurt that most of the places had great decks with panoramic views of the city and the river. As an old lady I think I would want a concierge building, if living in a city, for maintenance and security.