Citroen's Real Estate Musings.

"My citroen won't start" (lucasboechat) 05/17/2018 at 22:49 • Filed to: None

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A 3875 ft2 apartment in the middle of the city, 2 underground parking spots for $435k

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The kitchen is not the best part, it could do with a refurbishment, new stones and whatever.

Now, for the best part, the bathrooms:

Holy shit

Look at those probably one-off cabinets. And the bathtub hidden behind the sink.

The hardwood floors and the bedroom wardrobes.

Not keen on the marble floors, the tiles are too small, marble should always be used with large tiles.

Holy shit. Why did I quit my job again?

Dr. Zoidberg - RIP Oppo > My citroen won't start 05/17/2018 at 23:10

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Wow! What an outdated piece of junk, amirite?

[closes door to kitchen]

[Sobs]

fintail > My citroen won't start 05/17/2018 at 23:11

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In my area it could easily be 10x as much, and then have fun with a couple grand a month in HOAs.

lone_liberal > My citroen won't start 05/17/2018 at 23:15

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That’s huge! I’m not really up on São Paulo real estate but I’d give it a NP.

My citroen won't start > fintail 05/17/2018 at 23:19

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Are there HOAs for apartments in the US?

It is a bit cheap for the area, a similar sized apartment in Jardins (the fanciest part of the city) would fetch close to a million dollars or more

My citroen won't start > Dr. Zoidberg - RIP Oppo 05/17/2018 at 23:20

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How dare you.

Outdated is good, that is why it lasted so many years.

New is bad.

fintail > My citroen won't start 05/17/2018 at 23:23

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Virtually every condo (that is, an apartment you “own”) has a HOA. Some of them are quite reasonable - my old place was around $150/month and it covered everything, well-managed. Fancy buildings can be in four figures per month. In this area the typical 400K condo is probably around 300/month.

Apartments/condos of that size seem to be rare here, anything over 2500 sq ft is a unicorn in my area, and will be in a desirable building with a seven figure price tag.

Highlander-Datsuns are Forever > My citroen won't start 05/17/2018 at 23:25

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I’m going with NP. My house is 2200 st and I feel it’s too big some days. But we have 2.5 acres so I get some room to roam.

Chariotoflove > My citroen won't start 05/17/2018 at 23:25

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Honestly sounds like a great deal, although I don’t know what your market is like.

winterlegacy, here 'till the end > My citroen won't start 05/17/2018 at 23:26

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I’m not sure I’m a fan of the tub design.

That’s just... meh...

My citroen won't start > fintail 05/17/2018 at 23:28

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We have something similar to HOA but with a elected condominium manager, monthly meetings and monthly cost to manage and run the place (the building water bill, the building upkeep, employee salaries, private security etc).

For this building the cost is $750 a month.

Eric @ opposite-lock.com > My citroen won't start 05/17/2018 at 23:30

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Considering how cheap that is, that sounds like a good deal. If I could get paid what I do here, I could afford that place and even gut/refurb anything I didn’t like.

My citroen won't start > winterlegacy, here 'till the end 05/17/2018 at 23:32

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I’m a sucker for Mid-Century modern, so I’m in love.

But I understand your point of view.

My citroen won't start > lone_liberal 05/17/2018 at 23:33

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Its pretty cheap for what it is, especially with the 2 underground parking spots and the general good condition of the apartment.

My citroen won't start > Chariotoflove 05/17/2018 at 23:34

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It’s cheap-ish, the city centre is not the safest part of the city, as safe as NYC I would say.

But if you take into consideration the size of the apartment, the parking spots and how nice it looks, I doubt I can find a better deal on something this nice.

PS9 > My citroen won't start 05/17/2018 at 23:36

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Selling drugs can’t be as hard/dangerous as TV makes it seem.

LOOK IM JUST TIRED OF WATCHING THE BAD GUYS WIN EVERYTHING ALRIGHT!? GIMME A BREAK!

winterlegacy, here 'till the end > My citroen won't start 05/17/2018 at 23:39

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It’s not so much the design of the tub itself as it is the positioning of it.

My citroen won't start > PS9 05/17/2018 at 23:41

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If I sold drugs, I’d probably live here.

This one is $2.2 million.

Chariotoflove > My citroen won't start 05/17/2018 at 23:42

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“as safe as NYC” you say. And the equivalent apartment in Manhattan (depending on how far north you go) is worth over a $1M USD

My citroen won't start > winterlegacy, here 'till the end 05/17/2018 at 23:43

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Huh, I think it is kind of clever, close to the windows and kinda hidden.

fintail > My citroen won't start 05/17/2018 at 23:50

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I think most of the time there is an elected leader of the board at similar properties too (often older busybody types), and it will cover the same thing. I am surprised that one is so expensive, but if it is an older building, it might need maintenance. A big fear of condo buyers here is being hit with a large “special assessment” for major repairs like a roof or exterior surfaces.

Here’s the only similar sized unit on the market in my area right now, with finishes that could be called “generic American posh” (that is, pretend-lux):

https://www.windermere.com/listing/WA/Bellevue/10700-NE-4th-St-4102-98004/67665779

Note the dues and taxes. This particular building is another one loved by money laundering speculators.

My citroen won't start > Chariotoflove 05/17/2018 at 23:51

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I mean, that happens here too, a similarly sized apartment not 3 miles away is worth around that.

If you bump the sq ft a bit, you get to something like this - a first floor apartment worth $4.8 million.

TheD0k_2many toys 2little time > My citroen won't start 05/17/2018 at 23:54

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i mean thats cool i guess...

But city living sucks and two spots does too.

Come to midwest MERICA and you can get a lot for that money

https://www.zillow.com/homedetails/9219-E-G-Ave-Kalamazoo-MI-49048/74133603_zpid/?fullpage=true

12 acres of land

https://www.zillow.com/homedetails/6740-Bridle-Trl-Richland-MI-49083/2089738045_zpid/?fullpage=true

7 acres of land

My citroen won't start > fintail 05/17/2018 at 23:57

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In Brazil you have the added costs of private security and particularly high taxation on most services.

That also includes the water bill, which in most buildings, encompasses the water use of all units, there are no individual water bills.

Major repairs are often spaced out on 1 to 2 year payment plans and divided by all the units, so that is never a fear here.

For the price of the listing you posted, you could have this apartment in São Paulo, Brazil:

http://refugiosurbanos.com.br/imoveis/3-suites-daniel-libeskind-itaim-bibi/

fintail > My citroen won't start 05/18/2018 at 00:23

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Oh yeah, I didn’t think of the security staff, not nearly such a thing here - at least not yet.

The water is the same in the building where I live now - no individual metering. The fees are reasonable though, as it is not a luxury building, and there aren’t many amenities to maintain. I prefer it that way. The key drawback is the lack of parking spaces - most units, including my own, have only one space.

A lot of people live on the edge here, and a 25K bill, even with 12 payments, can be a disaster. I’ve heard horror stories about people wo didn’t do research, or bought in poorly built buildings.

Speaking of that, the design and finishes of the units you post seems to be a level higher than here - much more European. Housing is generally built to a price in North America, and corners can be cut. I can’t imagine having so much square footage either - I have less than a quarter of that, and it is enough for me. Too much encourages junk accumulation.

Steve in Manhattan > My citroen won't start 05/18/2018 at 00:29

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More apartment than you get here for that sort of cash ....

Dr. Zoidberg - RIP Oppo > fintail 05/18/2018 at 00:37

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“Lot size: 0"

Surely even a condo is at least as big as itself? 

My citroen won't start > Steve in Manhattan 05/18/2018 at 00:38

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São Paulo’s real estate market is not up there with NYC, Hong Kong, Shibuya, etc in terms of cost of living and speculation, but it is certainly getting there.

This is relatively cheap, a similarly sized apartment in a even nicer part of town can fetch 1-2 million.

I have another burner, try to guess it! > My citroen won't start 05/18/2018 at 00:43

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Brazil uses imperial measurements? Welcome to the best countries in the world club!

Spanfeller is a twat > My citroen won't start 05/18/2018 at 02:11

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A nice appartment here in the “as safe as nyc” area is 6k a meter dollars

pip bip - choose Corrour > My citroen won't start 05/18/2018 at 04:34

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far far cheaper than living in Melbourne Australia

almost $2,000,000AUD for 3 bedrooms,2 baths and 2 carparks,

fintail > Dr. Zoidberg - RIP Oppo 05/18/2018 at 09:45

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I think it was hard to measure the square footage of air the place occupies.

For 5MM, one can still get a heck of a house even in 98004.

Dr. Zoidberg - RIP Oppo > fintail 05/18/2018 at 09:55

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It will get you a 3 car garage and 5 bedrooms in Medina somewhere, new construction.

fintail > Dr. Zoidberg - RIP Oppo 05/18/2018 at 10:13

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Maybe on half an acre, too.

Or you could get a nice view place in east Bellevue overlooking Lake Sammamish and have enough left over to live nicely for a long time. A couple miles distance has hilarious price differences here.

Chariotoflove > My citroen won't start 05/18/2018 at 10:18

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Wow. It’s an exhibitionist’s dream apt.