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Think_please t1_ix49101 wrote

Reply to comment by brown_burrito in For people that bought single family homes in Boston or adjacent suburbs since last summer, how much are you paying per month in mortgage, taxes, insurance? by Bostonosaurus

Well done, this is the dream. Is it also near the green line? And what do you get for the second apartment?

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brown_burrito t1_ix49t9g wrote

It’s near the green line. We use both sides.

Especially with work from home, it really helps having the privacy.

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Think_please t1_ix4asvf wrote

Damn, that’s awesome, congrats. Are you there for the duration or do you see yourself using the equity for a down payment somewhere else and renting both sides eventually? I’m curious because I bought a duplex in boston last year and am considering my long-term options.

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brown_burrito t1_ix4cyau wrote

Honestly, longer term even if I move I don’t want to sell the property. I feel like I can rent it out and get the mortgage back.

I might use it as collateral to get a second mortgage if we move.

Thankfully, we are financially in a good position (touch wood!) so have the luxury of not being super fussed.

In fact our neighbor just sold and we really considered buying their place and building a new property over both. But wouldn’t have worked out now. I’m hoping in a decade or so that’s an option.

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Think_please t1_ix5er9v wrote

Thanks, I feel similarly about selling and hopefully will be in a comparable position in a decade.

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