I listened to this board and cancelled my purchase contract
Started by darkbird
over 16 years ago
Posts: 224
Member since: Sep 2009
Discussion about
I was in contract for a coop, but after reading some comments here I decided to pull out of it. Today my lawyer got my deposit, and I am signing a lease for a new place next week. Monthly cost of renting is 1.5k cheaper then owning. The cost of this adventure is $400 to my bank for cancellation of my mortgage, and a present to my lawyer since he doesn't want to take any fee. I got out using my mortgage contingency, coops are really hard to work with. They never bothered even to answer my bank for about 1.5 months. Happy holiday and thanks for some advices.
typical rental broker shill
I don't think darkbird said he paid a broker. Seems to me there are plenty of no-fee apartments available that no one needs to pay a broker.
darkbird - Glad SE helped you steer clear of making a mistake. Maybe you can return the favor by posting the link to the apartment so that others can be made aware of this difficult coop board.
congrats, darkbird. IMO, stay liquid until we see where prices are really going; maybe that'll be in 2011-12.
I like it, but even I'm a bit skeptical considering all the stuff ive read on here.
um darkbird?
Darkbird. Here is some more excellent se advice. When your boss asks you what your bonus should be, say well it doesn't matter bc I give 100% of it to Scientology.
"typical rental broker shill"
LMAO!
Printer nailed it in record time. C'mon birdy it's quiet tonight, be a sport.
When your boss asks you what your bonus should be, say well it doesn't matter bc I give 100% of it to Scientology.
Shucks, 67th, you stole that line from NYCMatt.
"a present to my lawyer since he doesn't want to take any fee" = uh huh - such behavior is grounds for immediate disbarment. Hey, this is real amateurish shillness.
So you have made one of the most important decisions of your financial life based on a blog. Wise man.
Wise man always listens to an opinion. Being stubborn won't bring you anywhere. Of course I did my own research on rent vs buy in the current real estate and stock market, and I came to my own conclusions. The rental market went south in the last 3 months, I wrote a quick screen scrapper program to parse out results of this website and show me the trend.
@spinnaker1 get outside and breath some air, refreshing the same page for 2 hours is retarded. I am not a broker, I am in IT. Owned?
I once new a screen scrapper. He went around rural towns dismantling their drive in movie screens.
nice move darkbird....you'll thank this board in....umm....2 months! and even more so in 6 months
"Monthly cost of renting is 1.5k cheaper then owning."
Congrats! And, yes, it is...
> typical rental broker shill
wow, you know the bulls are scared when they invene the term "rental broker shill"
rotfl.
Yes, some of these prices are still ridiculous- makes no sense to buy, even with the tax benefit.