I've been reading the journal backwards, so I didn't get to this until now. It's perfect for you in everyway!! And so, I think, would Columbus be perfect...
The scary part - it's too cheap! :) Once you sell the condo in SJ, you need to buy something as expensive or more so to avoid paying capital gains on the sale. That would fall on my list of Things Not To Do. ;)
On the other hand, the real estate inflation in SJ means that you'd probably come close to buying it in cash from the equity in the condo, which is a Good Thing.
Hey you. How are you? I've been thinking about you.
The profit if I sold my condo would have been about 185K at the top of the Bay Area housing market. That would be a perfect match for this house. Given that the market is going down, I'm using 150K as a ball-park figure to plan. I'd have to have a very small mortgage for a house such as this one, which would be okay. Apparently Columbus is one of the fastest-growing cities in the Midwest too, so I wouldn't be likely to lose equity long-term.
The comparative markets would be a problem in Iowa City/Cedar Rapids though. I really wouldn't want to get a large house just to avoid capital gains tax.
...and I think Columbus would be perfect for you, too. It's the only other place about which I ever felt the way I feel about Evanston. It's a city you can walk in...and the neighborhoods are lovely. Lots of old, red brick Victorian houses and old trees. There's a delightful 19th century "Germantown" area where you can walk for blocks and blocks and lose yourself...not to mention the 20th and 21st centuries!!
And it's a college town and a state capitol...so there's an energy there. Plus it seems to me that it is just about right in terms of being close to family...but not too close...and at the heart of the country, so it's well placed for San Francisco, New Orleans, Boston or Toronto adventures and all points in between.
And, underlying it all, good-old Midwestern sensibilities!
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sforzinda
It is!!
Date: 2001-07-31 06:29 am (UTC)Re: It is!!
Date: 2001-07-31 10:52 am (UTC)Re: It is!!
Date: 2001-07-31 12:29 pm (UTC)no subject
Date: 2001-07-31 02:07 pm (UTC)On the other hand, the real estate inflation in SJ means that you'd probably come close to buying it in cash from the equity in the condo, which is a Good Thing.
no subject
Date: 2001-07-31 02:23 pm (UTC)The profit if I sold my condo would have been about 185K at the top of the Bay Area housing market. That would be a perfect match for this house. Given that the market is going down, I'm using 150K as a ball-park figure to plan. I'd have to have a very small mortgage for a house such as this one, which would be okay. Apparently Columbus is one of the fastest-growing cities in the Midwest too, so I wouldn't be likely to lose equity long-term.
The comparative markets would be a problem in Iowa City/Cedar Rapids though. I really wouldn't want to get a large house just to avoid capital gains tax.
no subject
Date: 2001-07-31 02:35 pm (UTC)It is perfect!
Date: 2001-07-31 02:27 pm (UTC)century "Germantown" area where you can walk for blocks and blocks and lose yourself...not to mention the 20th and 21st centuries!!
And it's a college town and a state capitol...so there's an energy there. Plus it seems to me that it is just about right in terms of being close to family...but not too close...and at the heart of the country, so it's well placed for San Francisco, New Orleans, Boston or Toronto adventures and all points in between.
And, underlying it all, good-old Midwestern sensibilities!
Re: It is perfect!
Date: 2001-07-31 02:31 pm (UTC)