Thursday, December 01, 2005

Apartment to Condo

Well, the new owners have decided to convert our apartment complex into Condominiums. I found out tonight that they set the price on my unit at $300,000 - about 30% high, IMHO. So in a year when my lease is up, I'll be moving.

I actually got a better deal than some, the 1 bedroom (762 sq ft) are going for $198k.

I was looking at houses, but they are all out of my price range, so unless I want to spend 75% of my take home pay on a home, I'll be staying here for a while. I am going to radically cut my spending and try to save enough so that next year when I have to get out I will be able to afford a nice down payment.