Susan's Place Logo

News:

According to Google Analytics 25,259,719 users made visits accounting for 140,758,117 Pageviews since December 2006

Main Menu

I may have destroyed my transition

Started by Apples Mk.II, January 18, 2014, 10:24:29 AM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Apples Mk.II

The story is near its end...

We found a near perfect home, with minimal repairs to start living. Still, I can't stop feeling more bittersweet than sad. Yeah, FFS gets delayed for some time, but I will have an almost great place to live that will be far more cheaper than renting and in the long rung it will allow me to save more. I am sad since I am saying goodbye to my "perfect and fast physical transition", but also welcoming the safety of having a roof of my own in a place I can customize to my likes without having to fight with a landlord. I will talk more about the home project, but outside of this thread.
  •  

Apples Mk.II

Lost it. 11 owners and one does not want to sell.

Now I have another one 30.000€ cheaper than our maximum budget

Cons:
- ugly as sin area
- no beautiful views. In fact I will need curtains to prevent people from pother buildings to see.
-4th floor, no lift. Not a great reselling value. Possibly 50 years old

Pros:
- Great kitchen with zero maintenance
- Good windows
- No fixes required. Fully ready for living

Super pros:
- small mortgage, and smaller initial payment, so I have enough money for adding what I was missing for partial FFS.
  •  

Miss_Bungle1991

Quote from: AppleJack on February 24, 2014, 12:29:36 PM
Now I have another one 30.000€ cheaper than our maximum budget

Cons:
- ugly as sin area
- no beautiful views. In fact I will need curtains to prevent people from pother buildings to see.
-4th floor, no lift. Not a great reselling value. Possibly 50 years old

Pros:
- Great kitchen with zero maintenance
- Good windows
- No fixes required. Fully ready for living

Super pros:
- small mortgage, and smaller initial payment, so I have enough money for adding what I was missing for partial FFS.

That sounds like a good one. I would say that the pros outweigh the cons in this case.
  •  

helen2010

As with most things there are always trade offs but you seem to have made a choice which provides you with shelter and security without delaying FFS.   Sounds like a great outcome and a win - win.  Well done.
  •  

Apples Mk.II

Not everything is perfect with the place. It has its fair share of issues:

- The floor: Every room except for the kitchen and bathroom has fitted carpet, which will prove to be a monstrosity to clean.
- The windows: made of Elondo Wood, a material that requires maintenance coating every two years. Since the place has not been used for years, I would have to sand them down and give a coat of varnish, but beats replacing them completely
- Electricity: Not a single power socket but those in the kitchen is compatible with current schuko plugs, so I will have to replace them
- General ugliness: Despite having a very decent distribution and good sized rooms, it feels like stripped of everything. It comes furnished, but the furniture is a mixture of OK things and ugly as hell ones. Some can be used, others have to go. I probably can bring a bit of life over time, but right now.. oh, and wallpaper. I HATE WALLPAPER.
- The kitchen. It is mounted perfectly and it even uses granite, but the washing machine would be replaced in a future.
- Extras: None. No views, no terrace or balcony, no storage. External clothes hanger, and since they are building close to it, I'd have to dry inside until they finish.

Apart from that, forget about renting rooms. Although the street it is located in is extra ugly (and uphill, not flat terrain), the facade has been repaired and looks pristine compared with the rest), it is 250 meters away from the "pretty" part of the city (the absolute center). Only concerns would be hauling my 20 kg bike across 4 floors (I'd have to get a lighter one), walking down the stairs with heels... and wondering about when I come back from SRS. I'd need somebody to bring my suitcase.

http://www.idealista.com/inmueble/27201635/

http://www.idealista.com/inmueble/1998239/

Quote from: Aisla on February 24, 2014, 01:37:48 PM

As with most things there are always trade offs but you seem to have made a choice which provides you with shelter and security without delaying FFS.   Sounds like a great outcome and a win - win.  Well done.

Basically I save 5000€, which solves the minimum FFS money issue (nose and adam's apple). Still missing money for the big issues such as the brow ridge, but still better than before.
As with most things there are always trade offs but you seem to have made a choice which provides you with shelter and security without delaying FFS.   Sounds like a great outcome and a win - win.  Well done.
  •  

jebee

YOU + ???? - CLOTHES - DIGNITY = $$$
worked ok for me for a while :)
  •  

helen2010

Well done.  You have made considerable progress and seem to be in a much better place (pardon the pun)

Aisla
  •  

Apples Mk.II

Quote from: Aisla on February 24, 2014, 02:08:59 PM
Well done.  You have made considerable progress and seem to be in a much better place (pardon the pun)

Aisla

That's the other weird deal: It is not located in the capital (uncool), but in sestao, not even the adjacent city. Is a really lively town, particularly folkloric, with lots of green areas. The problem is that I feel no connection or anything to that city (Like I should not even be there). Heck. I studied there for years. I met my first friends since the high school fiasco. I would be the third generation in my family to live there. It's like being sucked back into the womb.

Anyways, if now places without a lift are allowed, I'm searching in Bilbao again. This city calls me.
  •  

izzy

I hated buying a house and I felt really sick the day later of what I did and what I have to do with it. I spent a lot of money on it that I dont want to spend anything more on it for now. I am glad you did something that is reasonable for you.
  •  

Apples Mk.II

The bad and good things amount to tah if I take this home:

Good: More transition money. I'd have 5.000€ available right now and monthly payments would also be dirt cheap. This place would not cripple transition that much

Bad: In a future, it can mean massive expenses if they decide to install an elevator, and without it it will be very hard to sell in case I need to move. a 4th (5th for the US) is a bad height for selling)

In the short term for transition, it's the best choice, plus another one I',m checking that may have a trick. The sooner I move, the more money I'd save.
  •  

sandrauk

Bear in mind that I'm not in Spain but remember:
Service charges for flats
Moving charges - legal fees, taxes, estate agents
Repair costs will always be more than you think.
Are you certain that you're not going to be moving for many years?
What do you think will happen to interest rates? (answer- no-one knows but they are not likely to go down)
Will house prices increase? If not there is not much advantage to owning.
Is this still 50/50 with your father? That worries me and will likely lead to future conflict.

Personally I'd say if you can manage renting, stick with it and stay flexible
  •