RC School me on Townhouses

Discussion in 'Reality Check' started by PDizzle, Feb 28, 2009.

  1. PDizzle

    PDizzle
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    2legit2quit

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    The girlfriend and I are looking to move out with a friend of mine. Preferably wanting to rent a house, however it's difficult to find a smoker friendly renter. I've heard of these townhouses near lacewood terminal. So whats the deal with townhouses in general, any good locations? Oil/hot water included? We're looking for around 1000$ a month, with washer and dryer. 2-3 Bedroom, 2 baths or 1 and a half...whats the dealio?
     
  2. slouse

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    its like a house

    but its attached to other houses :ohnoes:
     
  3. 17

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    teenage dirtbag

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    you just blew my mind
     
  4. Miss Shawty

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    townhouses near lacewood, on chadwick place? :ohnoes:
     
  5. Relentless

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    Blasted, anything could blow your mind, this is mind blasting!
     
  6. Scott

    rawr

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    You could probably have a lower mortgage payment then a rent payment
     
  7. Muricane

    MY AV IS ME

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    As much as I agree with this statement, not everyone has the ability to get a mortgage.
     
  8. slouse

    Well-Known Member

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    especially now

    especially pdizzle
     
  9. Muricane

    MY AV IS ME

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    Exactly.
     
  10. Matt30

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    Take the middle one.....save on heating costs!
     
  11. PDizzle

    PDizzle
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    2legit2quit

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    troof
     
  12. PDizzle

    PDizzle
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    2legit2quit

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    1000 divided by 3 people is less than what i'm paying right now for a 1 bedroom.

    I'd rather rent right now for at least another year than the girlfriend and I will look at getting taking out a mortgage on a mobile home or something....
     
  13. Twopoops

    Hidey Ho

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    lol.

    I have a feeling his debt load may be a little high.
     
  14. PDizzle

    PDizzle
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    2legit2quit

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    it is...right now...my car lease is up in May which will free up 340$ of my monthly income. However 8 months after I graduate it will be replaced by a line of credit payment. It's affordable considering it will be split between myself and girlfriend, however getting approved is a different story.
     
  15. Twopoops

    Hidey Ho

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    That was Muri's entire point. There's a difference between ability to pay on a monthly basis and meeting a lending institutions requirements for a mortgage.
     
  16. Muricane

    MY AV IS ME

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    Yet if you're buying, you get the end because it's resale will be 10+% more.
     
  17. watcha

    Born Killer

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    theres A LOT more to "owning" then making a mortgage payment.
    if you can't afford 3X the mortgage payment forget about even trying to buy something.
    you'll be house poor.

    a town house is great but also make sure you and the GF can afford teh place minus a roomate since if they flake out and decide to fuck you your not booted out for lack of paying.

    ps. most mortyages are starting to look for 5% downpayment, in halifax thats going to be around 10,000 if not more depending on what you want to buy/where you want to live.

    theres lots of reasons to buy a place, and theres lots of reasons to rent.
    and either is not the best in every situation.

    as a first place you might want to look into a rental income property, live in a unit, rent out another, collect the rent and enjoy someone else paying your mortgage.
     
  18. dpwu32

    Trash elf

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    ^^^
    Did not read the thread.

    Dizzy can't get approved for a mortgage. Period.
     
  19. OJ Pimpson

    Domino Motherfuckers

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    I had a friend who lived in these a few years ago, not bad. Three floors with like 3-4 bedrooms.

    Definatley worth checking out IMO. A little ghetto, but if you can handle that it isn't that bad of a spot since most everything you will need is fairly close.
     
  20. PDizzle

    PDizzle
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    2legit2quit

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    But roughly how much would an Oil bill be in the winter in one of these places?
     
  21. Matt30

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    Depends on a lot of things.

    How warm do you like to be?
    How big is the tank?
    How old is the heating system? Is the burner running efficiantly?
    How air tight is the home?
    Is there an oil fired hot water heater? How much hot water do you use?
     
  22. 17

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    teenage dirtbag

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    $1,392.77
     
  23. SheOfManyChildren

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    The oil bill on our 4 bdrm duplex is $240/month (budget plan).
     
  24. slouse

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    omfg, fuel oil ftl :lol:
     
  25. SheOfManyChildren

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    Yep. Can't wait to switch to electric.
     
  26. Arod

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    I know on the Island electric is prohibitively expensive for home heating...what are the prices like in NS now?
     
  27. dpwu32

    Trash elf

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    Sweet jesus. $240 a month for heat. :puke2:
     
  28. DUKE

    Alfa as Fuck

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    My home heating cost for the whole year was about $1300 last year. I have a new home with a new furnace. I like it around 22C
     
  29. SheOfManyChildren

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    Yep. PLUS a power bill.
     
  30. Arod

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    We have a brand new furnace as well...we'll be looking at the 1500 range for heat+HW this year.
     
  31. hank

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    How does tank size effect consumption or cost? Unless you are talking discount for bulk shipments I don't see the connection :confused:
     
  32. Scott

    rawr

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    but if you're using the same amount after the initial fill up, they would both go down the same amount would they not?
     
  33. hank

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    :confused: not sure what you are getting at
     
  34. Scott

    rawr

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    I see what you did there tanya :hsugh:
     
  35. Scott

    rawr

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    Tanya deleted her post :lol:
     

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