- Nov 10, 2019
- 47,485
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- Moderator
- #21
You always try to get the best deal you can without blowing the deal, but another $6,000 and the time it takes to get it, may not be worth it in the long run. as $6,000 won't even get you a decent used car. To me, inflation coming means get set and do any borrowing on low interest fixed terms while money is cheap, so you do not have to face covering a need more expensively when the price of money is high. Worked for me, anyway.Can you find another place for the same amount? Shop around.Take the money and run, dude. What did you pay for your condo and they want to pay 20% more over current market price for it?
Without disclosing pricing, the problem was I purchased in 2004. Which means prices were high. Then the market crashed in 2008, as we all know, and it took a decade for prices to recover.
Take the money and go for a small house with nobody on the other side of the wall.
ehhhh... don't know if that would be an option. Owning a house - even a small one - would include mowing lawns, raking leaves, shoveling snow, etc. I had to do that when I had the two flat that I rented half of in the 1990's, I'm not sure I'd want to do that again.
If I move, it'd be to another condo.
If you vote against sale and lose cant you still take the money
Point taken.. but what if I win, that's the thing? The other issue, the one the town is planning to do with a local property, is what concerns me. My opinion, it will knock the value right out of the pricing for the area.
Thanks all for your thoughts.
I'd talk the other owners in to asking for 30% more than market value, before even considering it....inflation is coming at us, big time....