Thread #34301553
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I live with my mom, I'm 28, I have a chance to get a 10m2 studio for like 9.5k bucks, it's not a lot but it's something, a place where I can stay on my own and maybe take a girl home or something as such, what do you think? Is it a bad investment? I kind of want a place where I can go to freely
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>>34302301
>>34302379
it's not really for living there, just for crashing by when i need some time alone, i can get it with the cash now rather than taking a mortgage and being enslaved for a long time for it
>>34302280
dunno, there are bigger apartments there as well but this one has a balcony and a streetview, makes it comfier than the ones that have a back view
>>34302199
yes, but i can try to organize it, idk, i forgot to add, the bath and the closet aren't in the 10sqmt, they're separate, i think i can survive for a few hours/days with a shower and a water boiler and a microwave oven
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>>34301553
How much would a studio like that rent for? If buying (plus any monthly or yearly service charges*) is less than 2 years' rent, it's a deal.
*There are ALWAYS service charges, for your share of building maintainance, hallway lighting, etc)
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>>34301553
If you have the cash for it and you don't need that cash for anything else, why not? Property will hold value when the dollar doesn't so you can have a place to go to when you need to get away, so even if all you do there is watch TV, you'll be able to flip it later for a profit. Property is king and is almost always a good investment.
If it has an HOA though, don't do it. That shit is not worth the hassle. You want something with a building manager who minds their own business. Like enough to make sure people aren't going to burn the place down with a cigarette, but not, "you can't hang a flag on your door."