Quote:
Originally Posted by john70t
mikesride, just a thought:
Instead of purchasing while in the RE upswing, what about renting?
Have your company rent the space if zoned dual-purpose, and you sublease.
Oil towns can be boom-n-bust.
Major investments involved here.
Major stress.
The whole area could lose major property value 5-10 years from now, just when you want a change in lifestyle...
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This is something we have talked about.....but we don't see the resource sector here slowing down any time soon...and rent feels like such a waste of money. We are both excited about the prospect of small town life but worry if we will end up being bored or isolated from our friends....
To put things in perspective....in the city my money will buy a 960sq foot house built in the 50's... your choice it can have either a garage OR a developed basement...never both. Maximum two bathrooms and three bedrooms.
Out of town the home we are focused on right now is on two lots, was built on ICF foundations in 2009, two car attached garage, 1700sq feet on the main floor totally developed basement with a steel beam running across the rafters (no supporting walls or teleposts) 5 bedrooms, 3 bathrooms, two dens, fireplace and a nice open concept. And the master bedroom is a great size with an additional full bathroom and its own private deck overlooking the nicest sunset this side of the rockies.........
Hence my dilemma.....
Plus....15 minutes away from 4 different lakes!!!!!