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Topic	Owning a house is a lot of work
Jen0125 02/02/24 7:48:26 PM #29:	Zora_Prince posted... Side by side, I believe. Second floor. Plus, within waking distance of work, which is great. Luckily, I dont love in a HCOL area, so I got this for a good price. Minnesota is still affordable thankfully, while still have a strong economy. I genuinely think our weather will keep us from ever being gentrified the way some other states have. I just always caution people to NEVER BUY BOTTOM FLOOR CONDOS in a stacked property. All the water intrusions in the building will come into your unit and flood causing damage. 9 times out of 10 you will need to file on your own insurance policy because there is no negligence. You will be filing constant water loss claims and paying deductibles without recovery. VincentVega posted... Canada, yes. A one bedroom apartment is minimum $1500 a month here. Minimum wage is something like $1800 a month. I make well above minimum wage but after taxes and so on there isn't enough left st the end of the month to put away for a rainy day fund and a deposit on a house. In my town a $400k home wod be a fixer uper. Yeah, housing costs here are about that much. It's like $1200 for a studio, $1800 for a one bedroom mostly. You can find a range of $1500 - $4,500 for a one bedroom depending where you're at. Minimum wage here just went to $14.35 on January 1st of this year. But, that's a struggle amount to even rent anymore. Rent is constantly rising. I kinda saw I was getting phased out of my preferred rental area in 2019 and rushed to buy a house. It is really lucky I was shopping at that time. I also got a grant for $18,500 from the state government to go towards my down payment and closing costs. If I didn't have that, I would never have been able to buy a house. <cite>Jen0125 posted [p:978621292] in Owning a h... [t:80685906]...</cite> <quote>Zora_Prince posted... </cite><quote>Side by side, I believe. Second floor. Plus, within waking distance of work, which is great.Luckily, I dont love in a HCOL area, so I got this for a good price. Minnesota is still affordable thankfully, while still have a strong economy. I genuinely think our weather will keep us from ever being gentrified the way some other states have.</quote>I just always caution people to NEVER BUY BOTTOM FLOOR CONDOS in a stacked property. All the water intrusions in the building will come into your unit and flood causing damage. 9 times out of 10 you will need to file on your own insurance policy because there is no negligence. You will be filing constant water loss claims and paying deductibles without recovery.VincentVega posted... </cite><quote>Canada, yes. A one bedroom apartment is minimum $1500 a month here. Minimum wage is something like $1800 a month. I make well above minimum wage but after taxes and so on there isn't enough left st the end of the month to put away for a rainy day fund and a deposit on a house. In my town a $400k home wod be a fixer uper.</quote>Yeah, housing costs here are about that much. It's like $1200 for a studio, $1800 for a one bedroom mostly. You can find a range of $1500 - $4,500 for a one bedroom depending where you're at. Minimum wage here just went to $14.35 on January 1st of this year. But, that's a struggle amount to even rent anymore. Rent is constantly rising.I kinda saw I was getting phased out of my preferred rental area in 2019 and rushed to buy a house. It is really lucky I was shopping at that time. I also got a grant for $18,500 from the state government to go towards my down payment and closing costs. If I didn't have that, I would never have been able to buy a house.</quote> ... Copied to Clipboard!
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