Hole In The Sky | ** An Anonymous Journal **

Friday, February 27, 2009

Hole In The Sky

I mentioned that I have plans to buy property, either a small house or an apartment/condo. Of course I couldn't afford luxurious houses or condo units but then when I think that condos, apartments, flats and whatever you like to call them, are just holes in the sky, I don't think I am prepared to pay too much for it even if I could afford.

I think that when buying property, most of the time, we are paying for it to be in a good environment. A house could be dilapidated but if it has a good address or located in a safe neighbourhood, we are expected to pay for them. So right now, I could only afford to purchase property in the low to medium cost range and I am not willing to live in a low cost home because I don't feel secure.

And I wonder what happens to the condo owners should the building be so old that it has to be demolished. What kind of compensation will they get? I don't know, I guess I have lived in a spacious, though old, house all my life but wouldn't mind living in a condo, if I did not pay for it. As for long term investment, I really have to think very hard about this.

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