I am trying to do research about condos...

[LivingAlmostLarge]

Yes, you are "saving" $2400, but what will you do when you are "spending" $1500/month on a house in basics instead of $400?

Can you mentally handle it? Or if an emergency crops up?

Clear example, we flooded two neighbors in two different condos. One in San Diego and one where we live now.

First time, the pipe attached to washer burst. We hadn't even moved in! She was flaming mad the downstairs unit! Why? Well apparently the lady who sold our unit had flooded her earlier in the year when the kitchen pipe burst! So sure Insurance paid everything including a hotel for her, BUT it was PIA and insurance covers replacement cost, not entire value so some stuff she had to foot out of pocket.

Second time we were home in Hawaii for my grandfather's funeral. Left the heat on during a January Winter. Too bad it was a cold frost! Damn, the pipe burst on the outer wall of our kitchen flooding our downstairs unit. Of course we weren't home.

Insurance again covered it, but it was PIA again!

Stuff happens!

[ScrimpAndSave]

Hey Livingalmostlarge,

I'm so sorry to hear that you went through that situation. That totally stinks! But yes, you are right...things do happen.

About spending $1500 a month on just the basics. I'm absolutely ready. I'm exciting to rethink my budget with different allotments for my payment, utilities, food, insurance, car fund etc...I guess that makes me a major nerd.

Oh well.