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Thread: Should I get a luxury apartment?

  1. #26
    God/dess DesuvsDeath's Avatar
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    Default Re: Should I get a luxury apartment?

    IME - "luxury" apts are almost never as luxurious as they seem at first glance. The nice finishes are often stupid things like hard-to-clean stainless appliances or bath tubs that are too large for you to fill with sufficiently hot water. On-site amenities like tanning and saunas and gyms are nice... but they're basically never sufficient in quantity or size for the entire building so you almost never actually get to use them.
    A nice, clean newer building filled with quality, high end furniture isn't really a step down, and you can do that and pay for gym, tanning, spa services with the money you're saving by living in a more reasonably priced apt in a convenient area.

    Again. It's just my experience... I'm sure there are places with truly luxury apts that I've just never found.
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  3. #27
    Featured Member ava$'s Avatar
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    Default Re: Should I get a luxury apartment?

    I used to pay 1715 per month in a nice 2 bed apartment, it was my first nice one, it was on the north side of a big city, i made good money some months id make that in one day and some id make it in 2, i do only work 3 days per weeks and about 15k per month when i rented the place so i figured it was ok but looking back i wish i just got a luxury place out in the suburbs of that city, where i coulda paid like 1400 for a way nicer place with a personal garage in a townhouse, wayyy freakin better for less money. didn't have to deal with pain in the ass parking and stairs/ elevators n shit. NOw i just want to buy a place to fix up, i feel rent is a waste of money unless u know you will move to a new city soon, then it isn't at all a waste, u need to come home to a place u like, its important so u can unwind and be comfortable.

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  5. #28
    God/dess Gia2608's Avatar
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    Default Re: Should I get a luxury apartment?

    Quote Originally Posted by miss.a.p1600 View Post
    Savings and emergency fund is good. Have you been contributing to your retirement fund???? Do you have all your insurances paid for? (Health, life, renters, disability,etc)

    I think you should get something nicer but I personally wouldn't spend $1500 per month on anything I wasn't paying towards ownership.
    This! If you're grinding on old men for money you should be using it to make yourself rich, not some landlord or corporation. Continue saving and invest in any surgery that you think will make you more money and then BUY a place. The earlier you buy the more equity you will build up and the more it will be worth when you sell it or move on to something else and can convert it to an income making property.
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