Viewing a single comment thread. View all comments

batkave t1_ir6vs1n wrote

>The couple lived in a single-family home a block away on Grace Street for eight years, which they rented for $1950 a month.

I'm sorry... what?! They don't own that house? Are housing prices for mortgages like that in the city? I live in midlothian and my guess is that my house is bigger than the house on grace street.

4

Diet_Coke t1_ir6wpxu wrote

Yeah but your house is in Midlothian.

I walked by a house on Ellwood Ave the other day, it's lime green and there was a note on the door that says 'THE CRACKHOUSE HAS MOVED' - was curious, so I texted the number on the for-sale sign. $415k.

51

deenda t1_ir7ve8f wrote

Good news, they dropped the price to 395k

3

batkave t1_ir6yr2b wrote

I know my choice. I just can't believe that much of a hike. I feel there are plenty of houses for sale around that area over the last 8 years they could have bought for the same amount they were renting.

2

[deleted] t1_ir7fbgk wrote

[deleted]

16

batkave t1_ir9vyz6 wrote

Down payment depends on the loan and your credit. Its not a knock, I just can't imagine spending that much and at the whim on some person who just literally collects money for a living.

0

Charlesinrichmond t1_ir7kkse wrote

8 years ago they totally could have. But 1950 for a whole house in a great location doesn't strike me as bad

And given the guy was starting up pinkys and I think some other stuff that probably sucked away their money

9

Hedgecore138 t1_ir6zpi5 wrote

For a single-family home rental in that area of the Museum District, that sounds about right. My mortgage in the same area of town is decently less, but I wouldn't say significantly.

But to be paying over $200 more for a chintzy apartment when you could have a whole house...? That's nuts to me.

13

lizco89 t1_ir70vhm wrote

I see that her husband owns Pinky’s. I wonder if they just wanted to be in walking distance of the restaurant. Those apartments have nice features but yes, the living space is tiny

6

imissparagon t1_ir7eo5i wrote

I agree that having a whole house is probably a better space, but the difference in utilities/the work you have to do in the yard (which for some reason is on the tenant and not the owner) more than makes up for the $200/month

6

batkave t1_ir76lw8 wrote

Did you buy around 6-8 years ago? It sounds like their rent never went up either, which is insane. If it changed over the years, then nevermind my questions but if they were paying that much a month over the 8 years, crazy.

1