"I am 22 and I own a modest apartment in the Village."
—You will have feelings about this!
First, get $50,000 …
@SidAndFinancy And don't forget everything else that goes into being able to pay $2,100 a month in payments and maintenance (plus whatever you'll have to pay in property taxes) at age of 22 (and that includes having superior genes that would have allowed you to rise from poverty so fast), to say nothing of still having those parents who plunked the original 50K around as a safety net in case of job loss or other disasters. In short: being "industrious" still means you have to be born into it, just like we thought. Thanks for rubbing it in though.
@Niko Bellic She's in a co-op, where property taxes are generally included in the maintenance: you get a statement at year's end telling you how much of what you paid went to property tax for income tax purposes.
The takeaway here is that if you do happen to have an extra $50K just sitting around doing nothing, you could do worse than to buy an apartment, but that's not exactly an "aha" moment. Most of us if we found ourselves not in significant debt and with $50K or more in cash on hand would do something similar. It's just that practically nobody at 22 (or, for that matter, at 30) finds themselves in that sort of situation. So the point she's making is essentially trivial and anecdotal.
If it's any consolation, that very low price tag for a Village location very likely means this chick is going to spend a whole lot of time on Citibikes, because she's at a minimum 15-20 minutes from the subway.
@La Cieca The main point being made seems to be that it's an accomplishment for a 22 year old to get a 150K mortgage and get past the coop board to get into the building, where otherwise she would just have to ask her parents to co-sign (or simply give her more money). What's next story in there… a 12 year old from UES able to hire his own driver – by using his mom's money? Read and learn, losers!
Why do you do this? You know about my heart condition.
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