Matt and I have lived in our condo for almost six years. (It’ll be six years in July.) Until recently, I’ve been perfectly fine with it. I’ve actually liked that I have a tiny place (at only 834 square feet) and don’t have lots of rooms that I don’t even use, but still have to clean.

What are the negatives of owning a condo?

If the roof is damaged during a thunderstorm, I don’t have the responsibility to repair it. You get the idea. There really are some great advantages to owning a condo, and for the last almost-six years, I’ve been focusing on all of those positives, but lately…about the last month…the negatives have started outweighing the positives.

Why do I hate living in a condo?

As a condo owner, I have no ownership of any specific outside area. Plus, I don’t like to be rude. If I were to put my stinginess on one side of a scale, and my desire to not be rude on the other side of the scale, my desire to not be rude would win out. Not by much.

When does the Hoa take over from the developer?

Given the tough economic times ahead in 2020 and 2021 and the problems that might ensue with developers and homeowners caught in a bind, this seems like a good time to revisit the topic. This article is Part 3 in our series about Home Owners Associations (HOA’s).

Why do I like living in a condo?

I’ve actually liked that I have a tiny place (at only 834 square feet) and don’t have lots of rooms that I don’t even use, but still have to clean. I have LOVED that I don’t have a yard to maintain. I’m comforted by the fact that all of the exterior stuff is someone else’s responsibility, and I don’t have to pay anything for it.

How often do people use the patio outside of my condo?

In the almost-six years that Matt and I have lived here, I could count on one hand the number of times I’ve seen other people use the patio area outside of our condo. In fact, to be specific, I’ve seen only two other people use it in six years.

When did New York City start building houses?

For that, we must jump ahead to the 1900s. While New York City underwent major developments in the 300 years between European settlement and World War I, it was the early 1900s that saw Manhattan’s major surge in demand for housing.

What was the cost of an apartment in New York in the 1950s?

This drove a housing boom that pushed the price per square foot of New York City apartments to $12 and rent to $60 per month in the 1950s. In the 1960s, apartment sale prices doubled and rent leapt up to $200 per month with a zoning resolution and the construction of the first condo building.

When did New York City real estate market improve?

But unlike other cities, New York City bounced back faster — by the mid-1930s, the rental market was already beginning to improve and there was a 22% increase in leases on the East Side. In the 1940s, New York City faced a housing shortage as soldiers returned home from World War II.

Can a 20 year old live at home?

It is not uncommon for these types of problems to develop with young adults like your son living at home after having some kind of difficulty out in the world. It is very important, however, that you give him a clear message about what is acceptable in your home.

Do you feel guilty moving your adult child into independence?

In other situations, some adult children are not quite abusive, but they have literally worn out their welcome by taking and taking (financially and emotionally) without giving in return. The bottom line is you do not have to feel guilty about moving your adult child into independence so you can have your own life back.

Why did my 20 year old son leave school?

He does not tell us why he left school and his fraternity, only that he does not have friends there. He says he is ashamed of his father’s job, which is manager of a fast food store. He calls us names and says f___ you and all women are b____ and so on.

Are there any misconceptions about buying a condo?

Or, a condo can be a low-maintenance downsizing option for seniors. However, misconceptions about condominium ownership often keep potential buyers from considering them as an option. Here, we dispel some of the most common misconceptions about condo living . A condo is similar to an apartment, except that it is a sellable property.

How much money did Jean make from selling her home?

Thus, Jean’s taxable profit is $54,000. Had Jean not counted her $30,000 share of improvements made by her homeowners’ association, her taxable profit would have been $84,000.