That's not cheap, that's a lot of money IMO. Seven years ago, for not quite
50% more, I bough a decent house on 1/4 acre in a very hoity-toity Chicago
Plus I know that area, its not the heart of Chicago. The "heart" of town
starts about 5 miles south of there. That area is still "Grandmasville",
those buildings are loaded with retirees.
Thank you. I will find out where the heart of Chicago is and make that
the number one candidate. Retirees don't sound like something I'd like
to be around all the time. For some strange reason, Chicago seems to be
the cheapest of all major cities to buy apartments in. Yet IMO, it's
one of the most desirable.
But I like condos as much as houses.
Crime is fine, but bad weather is depressing and intimidating. My aunt
turned 77 last month and I won't move until she passes. I have a while
to decide what kind of home to live in and where. How long is your
average female lifespan? Then, the second time I move it will be for
good. I am hoping that there are retirement communities in Mexico where
you can (1) have a whole apartment and NOT just one room and (2) one
where they have nurses and other kinds of staff. In all of the
retirement homes I've seen on TV, the retirees only had one room.
Julia Child moved to some kind of retirement community. I think it's a
place with apartments, but do they have medical staff and the like
there? All the retirement homes I've seen on TV are giant hotel-like
mansions where the occupants (sp.?) only get one scant room.
Plus, in Chicago, I can use subways and not have to learn how to drive
and buy a car and pay the increased gas prices I've been hearing about.
P.S. Mexico house are only--on average--half as cheap as in America.
It's 80% cheaper to live in Ecaudor than in America. I'm not so sure
how much cheaper houses are though. Maybe later, I'll post links to
homes in India for sale, in case anyone's interested. They are rather
costly. The condos in the Philipines (sp) are so cheap, that I wonder
how they were ever able to purchase the building materials.
Agreed. On a thirty year mortgage most of what your paying is interest
anyways, annual appreciation is nil to negative, you have to pay hundreds
each month in assessments, and still you have to pay to fix anything that
breaks. When you rent, there's no assesssment, and a landlord who's
responsible for repairs. There's good and bad landlords, and good and bad
condos just the same.
Its not as bad as everyone makes it out to be. Summers are great, winters
are cold but not nearly the snow that everyone imagines. Virtually NO
natural disasters. Occasional flood or tornado in the farther suburbs.
Crime comparable to other urban areas.
Retirement homes here give you a choice.
The train system in Chicago is not as strong as NY or European cities.
Nothing cross town, it all goes to/from downtown.
I'm going to be 42 in four months, so I figure I'll move to Chicago in
about fifteen years and retire in South America, but just in case, it's
comforting to know that I can have a full apartment.
Oh well. Buses hopefully go mostly everywhere in Chicago. I lived in
Manhattan for a decade and Queens for 22 years, so Chicago would make
me the least homesick because the buildings looks alike.
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