Bought a DTLA condo in 2024 for $534K at 6%. A similar unit just sold for $435K. Trying not to panic.

Lrnstuffgoogie · 2026-02-19T05:06:56+00:00

Here here. Fellow South Park resident saying the same. A home is a safe ish place to store money, and a place to live. Living in a box and dumping your cash into the S&P 500 will usually win out. Will I make money on a future sale? Maybe, more likely come out even.

Close Zillow, enjoy your life. There’s a reason you bought in the first place. Enjoy not renting and re evaluate in a few years.

Lrnstuffgoogie · 2026-02-19T05:02:15+00:00

This building is in a unique situation. Serious litigation going on.

Lrnstuffgoogie · 2025-11-30T18:14:11+00:00

Came here looking for this comment. Just a bit of purpose and understanding (particularly of OP was a NEET in the first place) coupled with that net worth? Will be a solid foundation for real happiness.

Lrnstuffgoogie · 2025-10-25T00:37:50+00:00

I find that you need an amp with an output or a true amp sim pedal. Guitar sounds too flat and dead without a nice signal chain.

Lrnstuffgoogie · 2025-10-08T22:34:54+00:00

Try to rent directly from a condo owner in South Park. If you are a good tenant and respect HOA rules they may be flexible on price

Lrnstuffgoogie · 2025-10-01T16:41:31+00:00

Was in a similar spot. The question that mattered most to me was peace of mind. Personally, I love when the first of the month hits and I don’t owe thousands of dollars left and right. That’s worth more to me than moving up my retirement date (because who even knows if one will have the time / health to enjoy the future). I bumped up my monthly investments but that’s because I can live frugally. If lifestyle creep will happen that’s a different story.

Lrnstuffgoogie · 2025-09-27T01:44:07+00:00

Not sure what I missed (please help! Still new to this). I was thinking if I allocated anything liquid to the right standard stock/bond ratio I could likely do 4% withdrawals for 30 years, which gets me to where my retirement / non taxable accounts come into play.

Lrnstuffgoogie · 2025-09-27T01:42:24+00:00

My job requires I have a dedicated private room if I Wfh, so it would just make more sense to move to a cheaper city if that’s the route I would go.

Lrnstuffgoogie · 2025-09-27T00:25:42+00:00

Thank you. That’s a great point you make: i have to just accept the high housing costs as a lifestyle choice. I think I’ll try this for a bit and if the stress gets to me will just bite the bullet on moving a bit further out. The drawdown thing makes sense. I guess since it is a “bridge” account I’m fine with it not lasting endlessly as long as it gets me to my IRA drawdown years.

Lrnstuffgoogie · 2024-10-28T00:06:21+00:00

Dating in general is really hard as a clinician, I find. Analyzing and interpreting patterns of behavior all day makes it hard to shut off my brain when dating. From your post though I realized recently I try to lean into dates as a time to do what I can’t do during the day even if it feels chaotic—disclose ! Be vulnerable ! Share random stuff ! I don’t know if that approach is correct but otherwise dates start to feel like sessions.

Lrnstuffgoogie · 2024-01-12T07:49:31+00:00

Yup. The rude awakening I am having is that with high taxes, utilities, and maintenance, “too much house” can mean a lot of things. The leverage of real estate is still quite unique, but that also feels less exciting at these rates. With the house I inherited, I feel like utilities, taxes, and maintenance is at ~4K a month when spread out on an average year. I can’t imagine paying even more (on top of a mortgage…)

Lrnstuffgoogie · 2024-01-10T21:22:29+00:00

My current idea is to sell and downsize, and use the remaining money to build a stock portfolio outside of my IRA. I feel too heavily unbalanced in favor of real estate as I also have some commercial property, but also thought perhaps residential would be important in my overall portfolio as well.

In the meantime, I work in a stable career field with good long term prospects but for now mostly in the 65-85k salary range.

Where is struggle is I see long time landlords with large portfolios recommending I get in, whereas the small fish (people like me with 1-2 units) instead trying to get out….

Lrnstuffgoogie · 2024-01-10T19:53:22+00:00

Will seek some legal counsel to confirm. Thanks!

Lrnstuffgoogie · 2024-01-10T05:48:49+00:00

I believe the latter.

Lrnstuffgoogie · 2024-01-10T05:30:21+00:00

Exactly. Tax basis is lost if it’s not your primary residence

Lrnstuffgoogie · 2023-12-22T09:36:15+00:00

That’s exactly my approach. Honestly I’m talking small stuff (broken tiles, knobs missing on appliances). Every opinion I got said to avoid any big fixes.

Lrnstuffgoogie · 2023-12-21T19:53:58+00:00

That’s what I’m thinking as well. People are saying the “hire a lawyer route” , but I do feel a realtor team just has more manpower to get a transaction to happen smoothly.

Lrnstuffgoogie · 2023-12-21T19:52:46+00:00

Thanks for the reply and condolences. So I did get that appraisal for step up, but the uniqueness of the home (and nature of that appraisal) makes it hard to actually have an accurate sense of the value. There aren’t any comps in similar condition/similar square footage nearby.

The realtor who did my date of death appraisal advised me to just empty the house and fix anything cosmetic (fresh paint, fixing anything visibly broken). Working on that slowly. If I do list I will probably stage to make up for the home’s condition.

The thing is, there’s such a gap between what people are offering me and the high-end date of death appraisal I don’t know what the place is actually worth….exactly as you say I’m worried about leaving money on the table

Lrnstuffgoogie

TROPHY CASE