Case study: 2010 Boca Cerro rental study as a home owner

April 12, 2019

Introduction

It is my personal finance research. I like to push myself to learn how to build wealth and grow rich. There are so many things I can review and one thing I did is to look up gmail emails and share my experience.

Case study

Dated on Sept. 25, 2010, my neighbor in the city of Boca Raton moved out since they bought a town home in 2010.

$80,000 dollars purchase a town house.
3rd Ave near western beef grocery store
town home or villa, last owner purchased on 2006, $240,000 us. dollars
short sale,
They paid $70,000, 100 meters to school
2 bedroom and 2 bathroom
$132 community fee,
water $30.00
cable
electricity
Near Boca Rio
covered parking
$64,000

Actionable Items

I like to case study this short sale again. I like to remind myself how hard it is for me to save $50,000 Canada dollars starting from junior level pay job from the city of Vancouver in 2010, it takes me almost 10 years to save those dollars.

The volatility of real estate market just reminds me that it is not worthy the risk to purchase a condo in Vancouver area right now. I know how hard it is for me to stay the job from 2010 to 2015, and when the sales were not good, and I did see some coworker let go because cutting the cost.

I choose to stay in the city of Vancouver and rent a small room to cut the housing expenses.