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Stepping into the abyss...

I've asked the mortgage agency I've been working with for pre-approval for a loan of something in the ballpark of $105,000.

*shudder*

There's a good chance this is for naught...the real estate agent may not be interested in lowering his asking price by $30,000. I'd almost be happier if that's the case, but I'm not one of nature's risk-takers. Well, except maybe with roommates and significant others.

Comments

( 12 comments — Leave a comment )
eris_star
Aug. 2nd, 2007 01:02 am (UTC)
Good luck!
spottylogic
Aug. 2nd, 2007 02:40 am (UTC)
*laughs* not yet! The real estate agent actually hung up on me!
(Anonymous)
Aug. 2nd, 2007 01:49 pm (UTC)
Really?! That's terrible!
prophetsurfer
Aug. 2nd, 2007 06:57 pm (UTC)
Are you serious?!?!?!

Like, hung up intentionally???

Man, I wish I could buy something around here for a hundred thousand!!! A shitty condo in a shady area goes for at least $350,000 and that's about 600 sq feet. not including association fees.
spottylogic
Aug. 2nd, 2007 07:05 pm (UTC)
You can't find anything really in town in Austin, but I'm looking at a serious repair job on the outskirts of town, near Cracktown Heights. There are a few condos out there that don't need repair jobs going for, say, $115-$125K, they're getting to be a little bit rarer, but they do tend to be 2-bedroom jobbies. Cost of living is on the high end of Texas down here, but nothing near mid-to-high California.

Yeah, he actually hung up on me! I asked if this was (name of agent), and he went "click." I haven't been able to reach him today at all.
prophetsurfer
Aug. 2nd, 2007 07:14 pm (UTC)
That's shaadyyyy business! Well, I hope it works out for you either way! So in this wondrous Cracktown Heights, is it uhm... really bad? For some reason I don't picture beautiful green pastures and white picket fences. More of the homeless guy eating his own feces whilst injecting a needle in his arm out by the street.

Here in Long Beach there are super super shady bad areas... the northeastern part is right next to Compton (think LA riots) and you don't want to be anywhere near there. My friend Jacob lived near that area of Long Beach and found three dead people by the dumpster one morning. Then he found out the smell coming through the walls in his apartment was from a meth lab. D'oh! But the interesting thing is the regional locality of bad areas and good areas here - for example, in Long Beach, if you get closer to the beach, it's gorgeous. Beautiful and you don't have to worry about walking outside at night. That's whar I live! In the same building across the street from the ocean as Jacob, in fact! It's a sweet one bedroom apartment with parking (yay for parking) and the utilities are all included! wooooots! I leave my air conditioner on all the time. Even when the window is open. Al Gore would hate me. Someone needs to be carbon negative times five for me. Thanks.
spottylogic
Aug. 2nd, 2007 07:26 pm (UTC)
Have you seen that weird movie, "A Scanner Darkly"? The one where people get rotoscoped into animated versions of themselves and Keanu Reeves wanders through an endless urban blight? That movie was shot in part in Austin, and I'm 99% sure I've seen a few shots from that in my neighborhood (though most of the shoots were south Austin, not up north where I am.)

It's really not that bad compared to a real high-crime neighborhood or any real inner-city areas. I've never seen a body, only been offered drugs once, and the one guy that held me up was using a beer bottle concealed in a jacket for a gun, so I laughed at him and walked off.

I'm not afraid to walk in the neighborhood at night, though my female roommate was. It's not terrible, but it's bad for Austin. So, really, not that bad, but you wouldn't expect a rich Republican family to move in next door, either.
prophetsurfer
Aug. 2nd, 2007 07:57 pm (UTC)
Someone tried to hold you up!?! Yikes! I hope it was a good brand of beer, at least.

Well, maybe it'll turn into a better area as time goes on and your investment can triple!
spottylogic
Aug. 2nd, 2007 08:16 pm (UTC)
Quite possible. There aren't that many places in Austin that are left for gentrification. That'll increase taxes, but the value of the house as well...kind of 50%-50%, but everything's likely to increase in value at least a bit.
nightfolf
Aug. 2nd, 2007 01:50 pm (UTC)
Hey, you saying I was a risk?! lol And that was me that said "Really? That's terrible!" Didn't realize I was signed out. :)
spottylogic
Aug. 2nd, 2007 07:05 pm (UTC)
Welll...you are youngish, but I've been totally, pleasantly surprised by your reliability. I've just had spectacularly bad luck in the past!
nightfolf
Aug. 3rd, 2007 02:10 am (UTC)
hehe. I try to be reliable! I just get dumb sometimes and go "durrrrrr" when you throw a number like 456 at me. lol Not realizing what you are talking about. XD Then it's like, oh yeah! Duh. Yay me. :)
( 12 comments — Leave a comment )

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