Another Thought
After a weekend of trying to get excited about places that are well over half a mil, yet are all, in real estate speak "in need of TLC" and are in far distant parts of town, I've had another thought - the joint buy. That's right, buying a place with an in-law suite that we co-own with my mother. She'd rent out her part until she's more doddering and ready to downsize and live in it. In the meantime we'd rent it out. I'm actually pretty excited about the idea, and importantly, so is D. Oh, and of course my mother.
It will probably take longer to find the right place, but we could get a lot more. I'm not too worried about personal space - if anything, it would likely be my mother who would have to set boundaries on us. She's very sensitive to not 'intruding'. I guess the only wrinkle would be if D and I decided we didn't want to be in this city any more, or if she did. But I suppose by buying a place in the first place we are committing to being here for a while, and the way real estate is around here we'd stand to make some money even if we had to sell in five years. The demand here is so high that I don't see a crash happening - and even if there was a crash, it doesn't matter if your money is invested in a small single family home, or a larger one with a suite. So what do you think? Would you ever do it?
I'm watching the View right now while LM naps, and I just can't believe Whoopi is doing LA Weight Loss commercials. The commercials are so damn cheap looking. Speaking of naps, all my smugness about LM's sleep lately? It's gotten pretty bad again. Naps are working all right though there was a brief interlude where he stopped napping too. He was actually in a perfectly fine mood during that stint - but I almost went out of my mind - entertaining a baby for 12 hours a day is exhausting. That's improved again, but he is up SOOOO often at night. It's quite incredible. I keep reminding myself - everything is a phase!
It will probably take longer to find the right place, but we could get a lot more. I'm not too worried about personal space - if anything, it would likely be my mother who would have to set boundaries on us. She's very sensitive to not 'intruding'. I guess the only wrinkle would be if D and I decided we didn't want to be in this city any more, or if she did. But I suppose by buying a place in the first place we are committing to being here for a while, and the way real estate is around here we'd stand to make some money even if we had to sell in five years. The demand here is so high that I don't see a crash happening - and even if there was a crash, it doesn't matter if your money is invested in a small single family home, or a larger one with a suite. So what do you think? Would you ever do it?
I'm watching the View right now while LM naps, and I just can't believe Whoopi is doing LA Weight Loss commercials. The commercials are so damn cheap looking. Speaking of naps, all my smugness about LM's sleep lately? It's gotten pretty bad again. Naps are working all right though there was a brief interlude where he stopped napping too. He was actually in a perfectly fine mood during that stint - but I almost went out of my mind - entertaining a baby for 12 hours a day is exhausting. That's improved again, but he is up SOOOO often at night. It's quite incredible. I keep reminding myself - everything is a phase!

1 Comments:
At 12:00 PM ,
Opal said...
We didn't co-buy our house, but we did deliberately buy one with a nice basement 1 bedroom apartment. As long as we're willing to rent, it's income each month.
If we ever decide we need more space, we can stop renting and then we add a spare bedroom, a family room, a bathroom to our own space (and a kitchen).
Even if you or your Mom decide to be not in the same city, real estate is still a solid investment. :)
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