23 lines
1.9 KiB
Markdown
23 lines
1.9 KiB
Markdown
---
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title: "Where I've Been"
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date: '2004-06-23T09:49:09-04:00'
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permalink: /where-ive-been/
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tags:
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- condo
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---
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It’s been an eventful couple of weeks around here; I’ve gotten settled into my new office, I’ve been hard at work on projects both new and old, and, in my spare time, I’ve begun the process of buying a condo.[^1]
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Probably needless to say, the last item on that list is absorbing the vast majority of my time of late. This is my first foray into home-ownership, and I’m finding every aspect of it alarming. For instance, did you know that:
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1. With a 30-year mortgage, it is entirely possible that I will still be paying off the condo when I retire? (This first is purely hypothetical, of course; given the typically delayed entry of a Ph.D. into the job market, the less-than-embarrassing salary drawn by an academic, the state of the economy, and the projected future of Social Security, I expect to work until I die. In fact, I kind of imagine that last event occuring during some protracted committee meeting, but that’s another story.)
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2. In the Southern California real estate market, it is possible to buy a condo with perhaps 25% of the square footage of my parents’ home for something on the order of 125% of said home’s current appraised value, even despite said home’s coveted address and non-backwater locale?
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3. When purchasing a new condo, everything you might actually want in it decor-wise constitutes an “upgrade,” despite the already exorbitant cost of the shell?
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There are more things I’ve learned over the last few days, but my head is still too spinny to remember them. I’ll post more as things clarify, which I hope will be soon.
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[^1]: I was going to link to the developer’s site here, but have thought the better of it; I’ll wait until after the closing before I start naming names. Regardless of my freaked-out state, I still want this place, and don’t want to screw it up.
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