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prayersforrain t1_j3oee4m wrote

I bought in 2009 after that bubble burst and used an FHA backed loan and only put 3% down plus the fed gov gave us a $8000 new homebuyers credit.

All of that said I’ve been in the same condo since then and I mostly hate it but we aren’t moving because my husband and I are in our early 40s and just honestly think our next move is renovating here and in the next 20 years MAYBE we can retire and we’ll sell then. Not interested in being saddled with a $400k at 6% for a three bedroom ranch or cape cod and unfortunately given where both our jobs are we’re in an expensive part of central Jersey.

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sufinomo OP t1_j3oesob wrote

Yeah I been looking at Condos, my main issue is that I kind of dont want to worry about condo fees and neigbors.

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SquirrelEnthusiast t1_j3ovrgo wrote

You're going to have to worry about neighbors no matter what, just because you don't share a wall doesn't mean they can't make your life hell. Buy some acres or you're doomed

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op00to t1_j3w8z63 wrote

lol i bought in 2008, but i had to pay back my 8k. if we had waited until 2009, it would have been free money. still a bit sore about it.

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