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Re: 5th Floor Walkup
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Home away from home
 
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I'm assuming the doubting Thomases have a housing glut in mind. Or perhaps they aren't familiar with the city's rise.
Also assuming you are talking about Lincoln Park and that you are relatively young? Regardless, congratulations on the purchase. You'll be just fine so long as you have a steady and sufficient income stream. There's no way real estate values in this city are going down anytime soon.
Posted on: 2014/6/3 1:14
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Re: 5th Floor Walkup
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Home away from home
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Quote:
It's resale will suffer only if you're overpaying for it now! There should already be a discount for you on the $/ft calc for the 5th floor relative to lower floor or elevator units. If the roof is exclusive to you, I guess that's a bonus you'll pay for to balance the climb.
Posted on: 2014/6/3 1:13
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5th Floor Walkup
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Newbie
 
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Hi All - I am in the process of purchasing a 5th floor walkup. It is pricey, but it's in a renovated building over a park with roof access, plus other great amenities. My friends and family freaked me out by saying that resale value will suffer greatly and there will be less prospective buyers, making this a bad investment. Curious of the community's opinion - my life savings is at stake.
Posted on: 2014/6/3 0:05
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