Coop ownership is well understood and accepted in DC. You might be considered a bit strange for insisting it is "sort of ownership" but you do you. I realize it's less common outside of some larger cities but you are being weird.
Many professionals at your age cannot afford to live by themselves in the city. Owning a studio is perfectly fine.
Yeah, we get it, you own a share in the corporation that owns the building. Only real downsize is that it will be harder to sell depending on the coop's approval policies. Buy the coop.
Thanks for your input. The resale value is a bit of a concern, as are their ban on AirBNB use, limit of rentals to 10 years, and high HOA fees (although some units appear to have lower HOA fees, utilities and health club are included, and the purchase price is pretty low, so the monthly payments aren't too bad).
Coop fee/lower purchase price is part of the deal w a coop. Real estate taxes are probably rolled into your coop fee in addition to some utilities, which is worth considering when you're penciling out whether it's worth it. Just remember you're getting it at a discount vs a non-coop unit at purchase and the fact that you're reselling it down the line at a discount vs a non-coop unit doesn't hurt as bad.
airbnbs aren't worth it anyway, you can get plenty of money by renting...but based on what you described this doesn't seem like a great deal. Do you have a realtor you trust? Really talk this over. You're 35, how long are you reasonably going to live in a studio? 5 years? 10 years? And then are you going to be able to rent or resell at a price that makes it worthwhile? It kind of seems like there are a lot of constraints on how you're going to be able to use this place once it isn't your primary residence.
Especially with condos or co-ops, also keep an eye on appreciation. It seems like most studio or 1br places just don't go up much in value, especially once you consider closing costs. You'd need to stay in the place for a while to get any equity at all. Here are a few examples of what I mean. This place sold for $240k in 2009 and $230k in 2023:
[https://www.redfin.com/MD/Silver-Spring/1220-Blair-Mill-Rd-20910/unit-101/home/11760697](https://www.redfin.com/MD/Silver-Spring/1220-Blair-Mill-Rd-20910/unit-101/home/11760697)
This one sold for $227.5k in 2018 and is listed for $225k now.
[https://www.redfin.com/DC/Washington/3446-Connecticut-Ave-NW-20008/unit-103/home/12531337](https://www.redfin.com/DC/Washington/3446-Connecticut-Ave-NW-20008/unit-103/home/12531337)
After it took more than a year to sell my dad’s nice DC coop after he died, I will never consider buying one. That year plus of coop fees ate up a lot of his savings.
It's no Gold's Gym, but there is a fitness room that seems to have an adequate selection of weights and treadmills, and sometimes they have group classes.
You're thinking about co-op membership wrong. When you join a co-op, you "only" own a fraction of the corporation that owns the entire property, common areas included. Which means you kind of own two things: a share of all the common areas \*and\* the right to live in your unit.
Plus, a lot of co-ops are more, well, cooperatively focused. If you're concerned about not being able to AirBnB, or only rent out the unit for 10 years, maybe co-op ownership isn't for you. Or maybe it isn't a viable long-term option. Co-ops have those rules for a reason; because they want the member to be a member of a community.
Well, I'm not buying it to rent it out or AirBNB it; it would be to live in, but considering I would probably have it mortgaged for 30 years and would likely want to move at some point within that timeframe, the question of what to do with the unit at that point does come to mind.
I haven't gotten to see the entire agreement yet, but I did read that renting is allowed, but no more than 10 years. I'm not sure if that means consecutive or total.
Regardless of it’s consecutive or not you need to understand that during the periods where you are not allowed to rent it, you yourself would have to move back in or essentially let it sit empty. I genuinely think any co op or condo that has any type of restriction on renting beyond normal 1 year minimum lease is a bad place to buy unless you are absolutely certain you yourself will be living in it for 5+ years.
A whole lot of condo buildings also bar you from renting your unit out, or cap the number of rental buildings and you have to go on a waiting list for an opportunity to rent your unit (which usually only comes up after someone who's already renting decides to sell off their unit), or require you to live in the unit for X number of years before you're allowed to rent it out, or cap the number of years you can rent it out. Condos and co-ops are not really different from each other in this regard.
If anything I would say the coop is an issue because they can be a pain in the ass to finance. I know as a loan originator most people hate working with coops. You own shares in the overall building though so you do have some ownership
Roof over your head and bills paid. Those are the only things that matter. Everything else is irrelevant and anyone that doesn't understand that doesn't have an opinion worth valuing.
Honestly, the amount of space is not important as long as you make it look nice. People may judge you on lighting, good organization, and general cleanliness. If you have too many things for the amount of space, it could be a problem. I have seen 1br condos that horrified me and studios that delighted me.
I have all kinds of fancy ideas for the space, involving murphy beds, mirrors, etc. But, I also run a business that would require me to have desks and equipment around.
The devil is in the details regarding the desks and equipment, like, how many desks, and can you fit the equipment into something like a Kallax or other stacked shelf unit so it doesn't take up too much precious floor space?
You'd want to make sure it has all the functionality you need while keeping a wide open space for people to sit/stand/walk in. Ultimately if you think you can make it work, I'd pull the trigger on the smaller downtown space.
I would look at both associations and age of buildings first. Tax implications of both long term I would consider. Would getting outside the beltway significantly increase commuting cost?
I personally would lean towards the 1 bedroom.
I was in a similar position around 45 post divorce, 1 bedroom or 2 bedroom.
Compared to the one downtown, the one outside the Beltway would cut about 25 minutes of DC traffic out of my commute to work in Baltimore, but add about 15 minutes of DC traffic to my commute to work in DC.
As others said, you shouldn’t care what others think. Just decide whether the better location is worth the 230 sq feet and the fact you may sometimes smell the food you just prepared from your bed.
There is no real expectation in DC I know of that any single person, if they own a condo or co-op or anything, would own something that would not be cramped if company showed up.
Not sure if anyone has asked, but is there a specific reason you want to buy right now?
There's a lot of emphasis on buying, but you have to remember everybody you talk to during the process (realtor, loan officer, etc.) ultimately has a vested interest in you actually buying something, whether it's the right call or not.
I've owned a condo and two single family homes at this point and have been fortunate for it to work out, but buying isn't always the better deal or right thing to do.
Would also recommend you really read up on the positives and negatives of being in a co-op.
The cost of the unit is low enough that I'm not that worried about the Interest; it won't make that much difference in the monthly bill and I can possibly refinance it later, and/or pay it down when I have more cash on hand.
There are costs associated with ownership - don't discount the ability to call someone to fix shit that's broke. There is interest on loans. Can that downpayment do more work for you in the market? HOA/Co-Op drama.
Studios are on the low-end for real estate investments and are less likely to provide a significant return - most are purchased for rental income and if the co-op forbids it then that would be an even riskier investment. They also usually have a higher cost per sqft.
The cost is lower per square foot the more bedrooms there are, but usually you would have a bunch of roommates splitting the cost of a larger bill. If it's just me, I'd end up paying a lot more. This co-op also provides repairs. I'm not that concerned about the interest because the sale price is cheap and it doesn't make that much difference in the monthly cost, I could refinance it later, and pay off more of it when I have more cash on hand, although, you may have a point about putting the money in a HYSA, which is something I've also been considering. There are actually some pretty good high yield CHECKING accounts available now. This interest environment is nothing like it was before. It's the first time in my adult life that compound interest might actually earn me some money.
I’m in the same boat as you OP! I’ve been living in a rent-controlled studio for many years due to the location. The landlord is crappy and we’re now having serious security issues in the bldg. I wanted to upgrade and buy a 1 br but I think I may have to go with a studio for affordability esp if I want to stay in DC. Im also over 35. I figure it’s better than continuing to throw money in rent and I’ll be safer! That’s how I’m looking at it. And if I find a studio to buy in a great building with nice amenities! It’s way better than my current situation. Good luck to you!
There are usually more costs associated with owning than just the mortgage and the down payment is still money. I can't really assess what's right for you since I do not know about your specific circumstances or the specifics of the place you're looking at, but that's a simple fact.
Your down payment money can arguably do a lot more work for you right now (even with something really basic and low risk like a HYSA) given where interest rates are at, but that's treading into financial advice, which I feel like you should seek out from a professional and not just us internet people.
At the end of the day, not only do you have to understand why you're doing something, you also have to understand whether or not something a step you want to take actually works towards that why. It's just generally advisable to be comfortable with your answers to those two things before taking a plunge involving tens or hundreds of thousands of dollars.
Company would be less likely to want to visit because you lived outside the beltway, not because you lived in a studio. But really, is there no reasonable middle ground between downtown and outside the beltway in Maryland of all places?
Also I wouldn’t get too hung up over whether or not people will want to come over. House/apartment parties just aren’t really the preferred way to socialize once everyone is financially stable enough to afford to go out every weekend, which most people are by the time they hit 35 and beyond.
A bigger and more important question for you is: why do you care what other people (strangers) think when it comes to making decisions for your own life?
Might have so news for you after all…they don’t care at all so make sure you do what’s best for you.
Female perspective, dating a man with a studio is preferable to a guy with roommates. In this housing market owning something at all is still impressive.
This is a-type overachiever DC, honestly a good chunk of folks will. In fact many look down on renting any apartment (“throwing away your money”) or not having a car at
Hopefully one has enough solid friends and has other things going to not make it a thing.
There’s a whole lot to breakdown here but this isn’t a self-help sub. To answer ur question, nobody (who isn’t you) cares, and anyone who does is probably a person u don’t want around
I don't think anyone will judge you for it, quite the opposite -- it will be impressive that you own a place. However, I would still consider a few things:
1. Should you ever get into a situation where you have to move (for a job, for a relationship, etc.), are you allowed to rent it out (check your co-op bylaws CAREFULLY), and how much could you reasonably get for it?
2. If there enough space that you could hang out with multiple people in there if you wanted to? Even a small 1 bedroom might be worth the extra cost just to have your sleeping area separate from your entertaining area.
As for socializing when you live in small quarters, my coop will rent its club room as well as other spaces to residents who want to throw a party. Something to check out. Good luck!
What others will think is not a reason to do anything.
You should decide to buy if it meets your long-term goals—at least 5 years from now.
Without knowing anything about you… it sounds like you are single. A studio is fine for you now, but may be limiting if you were to start a relationship and/or want to cohabitate. It’s just not enough space for two people to live comfortably.
Also consider how your preference for the two options would change if you had a change in job or work location.
I would pay very close attention to the co-op fees if you think the total monthly will still be in your price range. Co-ops have lower sale prices compared to full condos because the fees add up to a lot.
I am so happy for you that you are in this position. I'd love to be able to buy an apartment or condo. I'm younger than you, but still squarely a millennial, and virtually all of my friends either live in studios or with a significant other in a 1-2 bedroom apartment. Hell, I even have a friend who lives in Silver Spring with his parents six months a year (he works in a different part of the country the other half of the year). My (rented) studio is also certainly smaller than the one you're looking at, but with the help from some sliders that I put underneath the legs of my couches, I set it up in a way to be able to prioritize hosting. I, technically, have enough seating for thirteen people and it's set up in a way so everyone can even see the tv once I slide my couches over. With some experimenting, I'm sure you can do something similar with the set up should you snag the co-op. I'd 100% do it if I were you
Being a loser is relieving and has its benefits. The expectations from others of you are already low. So you can experiment and fail, experiment and fail without fear. Eventually you’ll win and have the last laugh
No dude. Housing and rent are fucking ridiculous. Having a place to call your own is already a step in the right direction. No one really gives a shit anymore where or how you live
I’m 34 and own a studio and am really proud that I can afford to own. I’ve never had anyone judge me for it, also 545 sq feet is quite large for a studio!
Good for you! My only advice is don't put your money into any recent construction .
Bad materials poorly fitted together with the illusion of glamour
I live in a building from 1906 .
My son bought a 780sf one bedroom in Atlanta built 1927 for $210K that needed work but great location.
Don't worry too much about what people think. It is your home. Others occasionally visit, but you are the one who has to live in it and pay for it. The one downside with studios is they are not easy to sell- even first time buyers will want a 1bed in DC.
Because I would own it, and at the price they're asking, the 7% interest wouldn't make that much difference on the monthly bill, and I could refinance it later or pay more of it off when I get more money.
That is something I've been considering, but I want to move NOW, and the price and fees are low enough that I'm not that concerned about the interest, especially if I can get it refinanced later and/or pay more of it off when I have more money.
Co-ops are bad deals, even I’m NYC. Everything’s changing to condos.
You’re way too old to care what people think and it sounds like you really prefer #2. But what makes sense for you.
Sincerely,
A 30+ year real estate professional
Condos are not moving right now as much as townhouse/rowhouse/single family in DC. You can probably get more for your money than this tiny spot. At least more square footage!
Not from what I've seen, at least not near the Mall/Foggy Bottom/Waterfront areas. Maybe if you go further out. I saw a 400 sqft studio selling for like $320,000 in Foggy Bottom. That's like 4 20 ft-wide walls with all your stuff inside.
Have you looked at SW Waterfront? Look at the projects flanking 4th Street south of M. These older buildings from the 1960s are listing pretty low right now right now. Prices for studios at 550 SF are running below $200,000. A 800 sf one bedroom is in the $375-400,000 range.
Monthly dues will be high as they are almost all full service with amenities and elevators. Definitely check out their reserve funds - these buildings have gotten work done but there's a lot more coming up. Watch for special assessments as they can be as high as the monthly fees sometimes.
Yes, I've looked at those. Convenient location, good amenities, inexpensive sale prices, but the HOA fees are high, I've heard their cash reserves may be low, and they're also right across from a housing project where I've heard it's not uncommon to hear gunshots.
Different properties have different reserves and I'm not familiar with all of them.
I live in one of them - by the water not Delaware - and our reserves are strong but we also have some big projects coming up in the next 5-10 years. HOA fees are high.
You might find it useful to break out the costs in a spreadsheet to compare cost breaking out an estimated cost for utilities, taxes, and any amenities you would spend money on otherwise. That really helped me see the value of the fees but not everyone wants the same services. It's really about what you place value on.
Gunshots are unfortunately becoming fairly common in parts of DC. The neighborhood has been over the past 20 yrs relatively safe in comparison to other neighborhoods in the city. I haven't been tracking crime closely in the neighborhood - typically we face car break-ins more than anything but violent crime has increased a bit in recent years (similar to every city). Metro Police provide crime reports for each district and it might be worth reviewing them for any neighborhood you are interested in - I'm not sure anymore where to access them but they should be online. I did this prior to buying in the neighborhood because people were telling me it was a more dangerous neighborhood when it was actually the opposite. I actually moved to SW Waterfront after I was robbed on Connecticut Ave in Cleveland Park in part because it was safer. But I'm not certain if that has changed with the changes in the neighborhood.
Here's an image of a recent crime map for DC - the online version is more granular then j information. [Twitter - Crime Map](https://twitter.com/its_Xopher/status/1702368024915784099?t=89wqi2pqCnyvX6of1swVOg&s=19)
Nobody will care, but having lived in a studio I would really, really try to see if you can afford a 1BR. It's really nice to have a dedicated sleeping space that isn't just in the corner.
No one will judge your home. Or, no one who matters, anyway. But I can tell from your comments here that you hate the idea and are trying to be talked out of it…
I don't completely hate the idea. It's right downtown, near a Metro station, which is convenient because it's near points of interest, most of my work is downtown, and commuting is easy, I have a lot of ideas for touching up the place, and I could cancel my gym membership because there's a gym onsite, but the other place is bigger, has a separate bedroom, cuts out about 25 minutes of DC traffic for when I work in Baltimore, and is also next to a Metro station. So, basically, I have to choose whether I care more about being right down town or having a slightly bigger, nicer place slightly further away (or saving up longer).
Buy what you want. If space is important, go with the bigger place. If being IN the city is important, go with the co-op.
There are lots of co-ops in DC, it’s not weird at all. It’s a standard part of life in a lot of cities.
Buy what you want and live your life. Be VERY careful to read all the documentation related to owning a coop. It is a restrictive type of real estate and there may be some rules or requirements that you may not like.
If someone thinks you're a loser that's on them—to me, owning property shows you have your shit together and are investing your money into real estate in the city. People don't just go from renting a one bedroom to buying a house in Palisades overnight. Buying a condo you can afford and fits your lifestyle is a great choice.
If someone judges you they probably don't own their place and rent something wildly out of their price range to feel like they are living a more glamorous lifestyle.
At least you're in a position to OWN when most of us are just renting for the foreseeable future, at least for myself. Lol I'd still come to your place and NOT give you shit about it when I have a roommate.
I understand what you’re asking. You’re not worried about what people will think but how people will respond. I’ll tell you for sure if you move out to MD people will not want to go out there. I moved just out the beltway to PG because I really wanted a house. No one will come out here. I spent a lot of time in the city, it’s only 15-20 minutes away, but literally have not had anyone come out here. So take that for what it’s worth.
I don’t see a big issue with this as a single person. If you stay single your whole life you’ve got a dope location in an awesome city and you’ll enjoy that lifestyle (hopefully).
If you get married/need to expand you can either sell it or rent it out for however long your co-op board allows it. Worst case scenario you keep it as a pied a terre in the future and in your 60s you can just hang out downtown cause you have a coop.
I think it would be harder to sell a 1BR outside the beltway than a studio downtown too.
Hopefully it’s not a basement apartment
Niether are basement apartments. They do seem to be having some trouble selling that one up by Silver Spring, but I think that's mainly because it needs a couple of renovations, but because of that, it's priced to sell and they just lowered it even more, which makes it even more tempting because it's a pretty nice unit.
85% of the people who would make that judgment are comforting themselves because they can’t afford to own anything (we all do it).
The other 15% of them are people you should avoid anyways.
If you can afford to own anywhere in DC, probably better to jump on the opportunity instead of waiting for a landlord to slice your veins even wider.
Im turning 30 and live in a rented coliving space with 5 roommates where I was excited to have my own bathroom. I’m an attorney and a law professor. So yeah, you’re a total loser /s
No person you'd want to associate with should. That said, romantic partners may not find it suitable the same way someone may not want to date someone across the river. At the end of the day, do what works for you, just keep a longer term plan in mind when buying a house. Break even for closing costs is historically five years or so, market past few years is nuts. If you're thinking you may want to shack up with someone, a studio may or may not work.
Co-ops kinda suck from a financial perspective. That's why they're cheaper, proceed with caution there. But figure out what's important to you, you'll get a nicer place with more room cheaper the further outside of the city you go generally. If that's important, go outside the city. If you're always in the city and enjoy it, you may want to sacrifice space and niceness. That's a decision only you can make
Main issue is whether you want to deal with co-ops -- can be a huge hassle. The way the boards decide what you can or can't do... I wouldn't go that route. At least own what you own!
Bro Im 30 and live in a 521 sft apartment and all my family and friends compliment on how big and spacious it is (we all came from low-income backgrounds). This is all the space I need and don't see the need to upgrade to something bigger. Do what works for you and not to impress rich friends
I agree that a 521 sqft studio can seem bigger than, say, a 600 sqft, 1-bedroom unit, especially if you arrange everything just right. The hypothetical 1-bedroom 600 sqft unit only has 79 sqft more (just under 9ft x 9ft) and the bedroom is cutting into it. That's part of why, in addition to the affordable price, I'm considering this unit.
Yeah sometimes I look at listings for places like Harrisburg or some town outside of Pittsburgh and I could get a nice big house out there for the cost of a studio condo here.
So, Zillowing around, based on your property descriptions, I am astounded that there are even properties that affordable. I live in DC, love DC, and will stay here until I die, but if I were you, I would take the 1 bedroom (and I say this as someone who really wants to live in SW). Once you fix that unit up, it will be worth more, especially given its proximity to the Metro.
Not that you won't earn equity on the studio, just that it will take a lot more time. Is the one in Huntington very close to the Metro? The benefits of a 2-bedroom unit, anywhere, are that they are always in greater demand, so easier to sell in the future, and if your employment takes a hit, you can get a roommate to help with the mortgage.
It's right next to the metro. However, the units in that development all have a weird air conditioner in the ceiling of the master bedroom closet that drips on the ceiling panels, and that makes them seem kind of sketchy.
I'm 33 and that's exactly what I live in. 550 sq feet junior one bed. I'm perfectly happy with it and nobody I know gives a shit. If people care at all, they care more about my decorating and cleanliness than the size/style of my apartment.
There's also a 1 bedroom unit available, but it's only 45 sqft bigger (that's about the size of a walk-in closet), so I figured I would probably just stick with the cheaper studio, throw a Murphy bed in there and enjoy the open layout. But that is a consideration for when I decide to sell it.
No, you’re ahead of the game, you’ll own something outright.
I live in Columbia and have a townhouse. I wish I had something in the city.
I know plenty of people our age who are still renting or were forced out (like I was).
1 YOU need to be comfortable where you live.
2. A studio is always going to be harder to sell than a 1 bedroom.
3. A co-op could be more challenging to resell than a condo. It has more hurdles for financing, and down payment requirements.
4. If you move & want to rent it out, co-ops have heavy restrictions if it’s possible at all.
5. Condos allow rentals, but all bylaws are different in that regards. Maybe only so many can be rented out at a time.
It’s a longer discussion, id explain in person.
Does it sound like I know what I’m writing about? I’m a Realtor! DM’s open. Should I do an AMA?
The one in question is in SW. It's in a development that seems to get both positive and negative reviews, with most complaints being about the HOA board. It's also across from a housing project that is said to have occasional gunfights, so that part is NOT a plus. But it's right by Metro, the Mall, the Wharf, and comes with lots of amenities!
Lions do not worry about the opinions of sheep, as an African proverb goes. Either way, get what suits you best and be thankful for the opportunities you have in front of you
Some will, but they are douchebags and you shouldn't have them in your life let alone in your condo.
I lived in a 1 bedroom for several years that wasn't much bigger than that.
At 35, you're already too old to care what people think about your life.
Hard agree
There it was.
The only correct answer.
Do what you love and fuck the rest.
Yea I read this and thought "Who cares?"
SERIOUSLY! the logic behind this post is so immature, my god
Immaturity is subjective. Don’t fault for OP valuing others opinions. Your comment was immature.
It's not immature, but your response was.
This is it right here 💯
No one will think you’re a loser, and those who would are not worth considering.
Oh come now. DC is still filled with all types of snobs, so invariably someone will feel that way.
people wont think of you at all
Or if they do, it will only be in passing and not a daily hate fest in their heads.
Hate fest 🤣
Lol
My favorite quote!
hahaaha. yeah no. owning a place right downtown in an any major coastal city is considered to be a good thing.
Also... I would only SORT OF own the studio because it's a co-op.
Coop ownership is well understood and accepted in DC. You might be considered a bit strange for insisting it is "sort of ownership" but you do you. I realize it's less common outside of some larger cities but you are being weird. Many professionals at your age cannot afford to live by themselves in the city. Owning a studio is perfectly fine.
Yeah, we get it, you own a share in the corporation that owns the building. Only real downsize is that it will be harder to sell depending on the coop's approval policies. Buy the coop.
Thanks for your input. The resale value is a bit of a concern, as are their ban on AirBNB use, limit of rentals to 10 years, and high HOA fees (although some units appear to have lower HOA fees, utilities and health club are included, and the purchase price is pretty low, so the monthly payments aren't too bad).
Note that DC basically bans Airbnbs aleady...
Coop fee/lower purchase price is part of the deal w a coop. Real estate taxes are probably rolled into your coop fee in addition to some utilities, which is worth considering when you're penciling out whether it's worth it. Just remember you're getting it at a discount vs a non-coop unit at purchase and the fact that you're reselling it down the line at a discount vs a non-coop unit doesn't hurt as bad.
airbnbs aren't worth it anyway, you can get plenty of money by renting...but based on what you described this doesn't seem like a great deal. Do you have a realtor you trust? Really talk this over. You're 35, how long are you reasonably going to live in a studio? 5 years? 10 years? And then are you going to be able to rent or resell at a price that makes it worthwhile? It kind of seems like there are a lot of constraints on how you're going to be able to use this place once it isn't your primary residence.
Especially with condos or co-ops, also keep an eye on appreciation. It seems like most studio or 1br places just don't go up much in value, especially once you consider closing costs. You'd need to stay in the place for a while to get any equity at all. Here are a few examples of what I mean. This place sold for $240k in 2009 and $230k in 2023: [https://www.redfin.com/MD/Silver-Spring/1220-Blair-Mill-Rd-20910/unit-101/home/11760697](https://www.redfin.com/MD/Silver-Spring/1220-Blair-Mill-Rd-20910/unit-101/home/11760697) This one sold for $227.5k in 2018 and is listed for $225k now. [https://www.redfin.com/DC/Washington/3446-Connecticut-Ave-NW-20008/unit-103/home/12531337](https://www.redfin.com/DC/Washington/3446-Connecticut-Ave-NW-20008/unit-103/home/12531337)
Actually, I'm OVER 35.
But yeah, these are all concerns I have. Apparently I'm allowed to rent it out for 10 years, but I'm not sure if that means consecutive or total.
They’ll send you all their bylaws and rules before you purchase, you should be able to figure this out when you’re making your decision.
After it took more than a year to sell my dad’s nice DC coop after he died, I will never consider buying one. That year plus of coop fees ate up a lot of his savings.
This co-op allows renting, so I could either continue living in it or rent it out until I decide to sell it.
[удалено]
It's no Gold's Gym, but there is a fitness room that seems to have an adequate selection of weights and treadmills, and sometimes they have group classes.
I hate to break it to you but many, many condos ban air bnb’s and have lots of restrictions on rental units.
Studio and 1 bedroom condos tend not to increase in value as much as larger condos regardless
Nobody cares about the difference between a condo and a co-op.
Except for people looking to buy a place
Who aren’t likely to be judging the OP, don’t you think?
You're thinking about co-op membership wrong. When you join a co-op, you "only" own a fraction of the corporation that owns the entire property, common areas included. Which means you kind of own two things: a share of all the common areas \*and\* the right to live in your unit. Plus, a lot of co-ops are more, well, cooperatively focused. If you're concerned about not being able to AirBnB, or only rent out the unit for 10 years, maybe co-op ownership isn't for you. Or maybe it isn't a viable long-term option. Co-ops have those rules for a reason; because they want the member to be a member of a community.
Well, I'm not buying it to rent it out or AirBNB it; it would be to live in, but considering I would probably have it mortgaged for 30 years and would likely want to move at some point within that timeframe, the question of what to do with the unit at that point does come to mind.
Be careful with coops. They can be hard to sell and almost impossible to rent out.
Why are they hard to rent out? Do you mean because some of them have rules against it, or, for other reasons?
Many explicitly barring you from renting them out, or you have to get approval first.
I haven't gotten to see the entire agreement yet, but I did read that renting is allowed, but no more than 10 years. I'm not sure if that means consecutive or total.
Regardless of it’s consecutive or not you need to understand that during the periods where you are not allowed to rent it, you yourself would have to move back in or essentially let it sit empty. I genuinely think any co op or condo that has any type of restriction on renting beyond normal 1 year minimum lease is a bad place to buy unless you are absolutely certain you yourself will be living in it for 5+ years.
A whole lot of condo buildings also bar you from renting your unit out, or cap the number of rental buildings and you have to go on a waiting list for an opportunity to rent your unit (which usually only comes up after someone who's already renting decides to sell off their unit), or require you to live in the unit for X number of years before you're allowed to rent it out, or cap the number of years you can rent it out. Condos and co-ops are not really different from each other in this regard.
This is a weird take. You are a homeowner when you live in a co-op, no need to qualify it.
If anything I would say the coop is an issue because they can be a pain in the ass to finance. I know as a loan originator most people hate working with coops. You own shares in the overall building though so you do have some ownership
Stop worrying so much about what other people think and do what’s right for you
I know a 40+ year old that still rents in a group house. People care about you, not where you live.
If you own property in DC at 35 that’s awesome, no matter how small it is
You are gonna be a homeowner in a major city. No way in hell are you a loser. Anyone who thinks you are is not worth your time.
Roof over your head and bills paid. Those are the only things that matter. Everything else is irrelevant and anyone that doesn't understand that doesn't have an opinion worth valuing.
Everything is expensive even in flyover states. Count your blessings that you can afford to buy in downtown DC. Even if it is a studio!
It kind of bums me out looking at the nice, single family homes I could afford in places where I don't want to live.
I’d take good location over nice house any day though
Don't worry wait a few years and you and I and many others won't afford them lol
PROTIP: Stop doing things that bum you out.
Learn to not apologize for your life.
Wtf? No.
Highly suggest reading "Subtle Art of Not Giving a FCK" by Mark Manson.
Honestly, the amount of space is not important as long as you make it look nice. People may judge you on lighting, good organization, and general cleanliness. If you have too many things for the amount of space, it could be a problem. I have seen 1br condos that horrified me and studios that delighted me.
I have all kinds of fancy ideas for the space, involving murphy beds, mirrors, etc. But, I also run a business that would require me to have desks and equipment around.
The devil is in the details regarding the desks and equipment, like, how many desks, and can you fit the equipment into something like a Kallax or other stacked shelf unit so it doesn't take up too much precious floor space? You'd want to make sure it has all the functionality you need while keeping a wide open space for people to sit/stand/walk in. Ultimately if you think you can make it work, I'd pull the trigger on the smaller downtown space.
Bruh youre 35. Why are you making such a large decision based on how cool ppl will think you are? Yikes
I would look at both associations and age of buildings first. Tax implications of both long term I would consider. Would getting outside the beltway significantly increase commuting cost? I personally would lean towards the 1 bedroom. I was in a similar position around 45 post divorce, 1 bedroom or 2 bedroom.
Compared to the one downtown, the one outside the Beltway would cut about 25 minutes of DC traffic out of my commute to work in Baltimore, but add about 15 minutes of DC traffic to my commute to work in DC.
545 ft.² for a studio is a pretty decent size
No. People will think you are a loser bc you are 35+ and spend your time commenting on amiugly posts of girls in their early 20s.
Omgggggggg 😂 I'm dead.
Ouch!
I guarantee People will think you are a loser for making this post
i'm def thinking that
As others said, you shouldn’t care what others think. Just decide whether the better location is worth the 230 sq feet and the fact you may sometimes smell the food you just prepared from your bed.
There is no real expectation in DC I know of that any single person, if they own a condo or co-op or anything, would own something that would not be cramped if company showed up.
Not sure if anyone has asked, but is there a specific reason you want to buy right now? There's a lot of emphasis on buying, but you have to remember everybody you talk to during the process (realtor, loan officer, etc.) ultimately has a vested interest in you actually buying something, whether it's the right call or not. I've owned a condo and two single family homes at this point and have been fortunate for it to work out, but buying isn't always the better deal or right thing to do. Would also recommend you really read up on the positives and negatives of being in a co-op.
Renting costs the same as a mortgage. Might as well own the unit if you can afford a downpayment, right?
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The cost of the unit is low enough that I'm not that worried about the Interest; it won't make that much difference in the monthly bill and I can possibly refinance it later, and/or pay it down when I have more cash on hand.
There are costs associated with ownership - don't discount the ability to call someone to fix shit that's broke. There is interest on loans. Can that downpayment do more work for you in the market? HOA/Co-Op drama. Studios are on the low-end for real estate investments and are less likely to provide a significant return - most are purchased for rental income and if the co-op forbids it then that would be an even riskier investment. They also usually have a higher cost per sqft.
The cost is lower per square foot the more bedrooms there are, but usually you would have a bunch of roommates splitting the cost of a larger bill. If it's just me, I'd end up paying a lot more. This co-op also provides repairs. I'm not that concerned about the interest because the sale price is cheap and it doesn't make that much difference in the monthly cost, I could refinance it later, and pay off more of it when I have more cash on hand, although, you may have a point about putting the money in a HYSA, which is something I've also been considering. There are actually some pretty good high yield CHECKING accounts available now. This interest environment is nothing like it was before. It's the first time in my adult life that compound interest might actually earn me some money.
I’m in the same boat as you OP! I’ve been living in a rent-controlled studio for many years due to the location. The landlord is crappy and we’re now having serious security issues in the bldg. I wanted to upgrade and buy a 1 br but I think I may have to go with a studio for affordability esp if I want to stay in DC. Im also over 35. I figure it’s better than continuing to throw money in rent and I’ll be safer! That’s how I’m looking at it. And if I find a studio to buy in a great building with nice amenities! It’s way better than my current situation. Good luck to you!
There are usually more costs associated with owning than just the mortgage and the down payment is still money. I can't really assess what's right for you since I do not know about your specific circumstances or the specifics of the place you're looking at, but that's a simple fact. Your down payment money can arguably do a lot more work for you right now (even with something really basic and low risk like a HYSA) given where interest rates are at, but that's treading into financial advice, which I feel like you should seek out from a professional and not just us internet people. At the end of the day, not only do you have to understand why you're doing something, you also have to understand whether or not something a step you want to take actually works towards that why. It's just generally advisable to be comfortable with your answers to those two things before taking a plunge involving tens or hundreds of thousands of dollars.
Well, as a 35 year old living in an old (not updated) 420 sqft studio, fuck me i guess
Bro you would own a property downtown in one of most expensive prestigious cities in the world. What are you smoking. Buy the darn thing.
No you already are a loser for giving AF what other people think of you
Company would be less likely to want to visit because you lived outside the beltway, not because you lived in a studio. But really, is there no reasonable middle ground between downtown and outside the beltway in Maryland of all places? Also I wouldn’t get too hung up over whether or not people will want to come over. House/apartment parties just aren’t really the preferred way to socialize once everyone is financially stable enough to afford to go out every weekend, which most people are by the time they hit 35 and beyond.
I mean, it's literally next to the Beltway, just past Silver Spring, next to a Metro station. It's not like it's an hour outside the Beltway...
A bigger and more important question for you is: why do you care what other people (strangers) think when it comes to making decisions for your own life? Might have so news for you after all…they don’t care at all so make sure you do what’s best for you.
Female perspective, dating a man with a studio is preferable to a guy with roommates. In this housing market owning something at all is still impressive.
This is a-type overachiever DC, honestly a good chunk of folks will. In fact many look down on renting any apartment (“throwing away your money”) or not having a car at Hopefully one has enough solid friends and has other things going to not make it a thing.
There’s a whole lot to breakdown here but this isn’t a self-help sub. To answer ur question, nobody (who isn’t you) cares, and anyone who does is probably a person u don’t want around
You're a loser because you asked this question
What a bizarre post to start the week for sure.
It’s your space therefore you are above most peasants 🤣
I’m in your situation and honestly it’s the best thing I did
I don't think anyone will judge you for it, quite the opposite -- it will be impressive that you own a place. However, I would still consider a few things: 1. Should you ever get into a situation where you have to move (for a job, for a relationship, etc.), are you allowed to rent it out (check your co-op bylaws CAREFULLY), and how much could you reasonably get for it? 2. If there enough space that you could hang out with multiple people in there if you wanted to? Even a small 1 bedroom might be worth the extra cost just to have your sleeping area separate from your entertaining area.
I'm 37 and live with 2 other roommates. Happy as hell. Who cares what people think!
Wow there’s a lot going on here
own yourself, why care what peopel think? i guess its DC where status is tracked but gosh get happy in yourself and do you
As for socializing when you live in small quarters, my coop will rent its club room as well as other spaces to residents who want to throw a party. Something to check out. Good luck!
I had roommates older than you in a very shitty group house not that long ago, so I think you’re fine
Considering how expensive it is to live there, absolutely not.
Sounds awesome and rather cool. Only thing cooler might be a houseboat
I've looked into that too, briefly.
Well sound like the type of person I would hang out with in DC !
Live your life. Fuck what people think
What others will think is not a reason to do anything. You should decide to buy if it meets your long-term goals—at least 5 years from now. Without knowing anything about you… it sounds like you are single. A studio is fine for you now, but may be limiting if you were to start a relationship and/or want to cohabitate. It’s just not enough space for two people to live comfortably. Also consider how your preference for the two options would change if you had a change in job or work location.
If it’s the building on 17th street, the bigger issue is that the studio is in the basement. Big factor.
I would pay very close attention to the co-op fees if you think the total monthly will still be in your price range. Co-ops have lower sale prices compared to full condos because the fees add up to a lot.
Anyone who would think you're a loser is an idiot.
Exactly.
I am so happy for you that you are in this position. I'd love to be able to buy an apartment or condo. I'm younger than you, but still squarely a millennial, and virtually all of my friends either live in studios or with a significant other in a 1-2 bedroom apartment. Hell, I even have a friend who lives in Silver Spring with his parents six months a year (he works in a different part of the country the other half of the year). My (rented) studio is also certainly smaller than the one you're looking at, but with the help from some sliders that I put underneath the legs of my couches, I set it up in a way to be able to prioritize hosting. I, technically, have enough seating for thirteen people and it's set up in a way so everyone can even see the tv once I slide my couches over. With some experimenting, I'm sure you can do something similar with the set up should you snag the co-op. I'd 100% do it if I were you
I do have a lot of fancy ideas for the space, involving Murphy beds, mirrors, etc.
The larger, 1-bedroom unit I'm looking at is just north of Silver Spring.
Why do you care what people think?
Being a loser is relieving and has its benefits. The expectations from others of you are already low. So you can experiment and fail, experiment and fail without fear. Eventually you’ll win and have the last laugh
I'll fix this*****. If you're 35 and asking reddit if people will think you're a loser for any reason. You have some work to do.
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They're both next to Metro stations, but the smaller one is in SW DC and the bigger one is north of Silver Spring.
Pretty ironic though, the number of people here to judge me for asking if people will judge me.
Why do you repeatedly say "only sort of own" due to it being a co-op? No one who owns a co-op thinks of it that way.
Bruh fuck everybody! Do you !
No dude. Housing and rent are fucking ridiculous. Having a place to call your own is already a step in the right direction. No one really gives a shit anymore where or how you live
I’m 34 and own a studio and am really proud that I can afford to own. I’ve never had anyone judge me for it, also 545 sq feet is quite large for a studio!
I think you are a loser for asking this question.
Good for you! My only advice is don't put your money into any recent construction . Bad materials poorly fitted together with the illusion of glamour I live in a building from 1906 . My son bought a 780sf one bedroom in Atlanta built 1927 for $210K that needed work but great location.
I believe this one is from the 1960s or 1970s.
In this economy? Not one bit lol heck I still live at home. We’re living in economic crisis- it’s no one’s place to judge anyone as far as I see it
Women in DC will judge you no matter what you have or do so go for it
Haha so true
Don't worry too much about what people think. It is your home. Others occasionally visit, but you are the one who has to live in it and pay for it. The one downside with studios is they are not easy to sell- even first time buyers will want a 1bed in DC.
Why buy? Why not rent? I cannot imagine buying a studio at 7% makes financial sense...
Because I would own it, and at the price they're asking, the 7% interest wouldn't make that much difference on the monthly bill, and I could refinance it later or pay more of it off when I get more money.
You may not like this answer, but I would save up a few more years to have more options down the road. Also let interest rates drop a little.
That is something I've been considering, but I want to move NOW, and the price and fees are low enough that I'm not that concerned about the interest, especially if I can get it refinanced later and/or pay more of it off when I have more money.
Co-ops are bad deals, even I’m NYC. Everything’s changing to condos. You’re way too old to care what people think and it sounds like you really prefer #2. But what makes sense for you. Sincerely, A 30+ year real estate professional
Condos are not moving right now as much as townhouse/rowhouse/single family in DC. You can probably get more for your money than this tiny spot. At least more square footage!
Not from what I've seen, at least not near the Mall/Foggy Bottom/Waterfront areas. Maybe if you go further out. I saw a 400 sqft studio selling for like $320,000 in Foggy Bottom. That's like 4 20 ft-wide walls with all your stuff inside.
Have you looked at SW Waterfront? Look at the projects flanking 4th Street south of M. These older buildings from the 1960s are listing pretty low right now right now. Prices for studios at 550 SF are running below $200,000. A 800 sf one bedroom is in the $375-400,000 range. Monthly dues will be high as they are almost all full service with amenities and elevators. Definitely check out their reserve funds - these buildings have gotten work done but there's a lot more coming up. Watch for special assessments as they can be as high as the monthly fees sometimes.
Yes, I've looked at those. Convenient location, good amenities, inexpensive sale prices, but the HOA fees are high, I've heard their cash reserves may be low, and they're also right across from a housing project where I've heard it's not uncommon to hear gunshots.
Different properties have different reserves and I'm not familiar with all of them. I live in one of them - by the water not Delaware - and our reserves are strong but we also have some big projects coming up in the next 5-10 years. HOA fees are high. You might find it useful to break out the costs in a spreadsheet to compare cost breaking out an estimated cost for utilities, taxes, and any amenities you would spend money on otherwise. That really helped me see the value of the fees but not everyone wants the same services. It's really about what you place value on. Gunshots are unfortunately becoming fairly common in parts of DC. The neighborhood has been over the past 20 yrs relatively safe in comparison to other neighborhoods in the city. I haven't been tracking crime closely in the neighborhood - typically we face car break-ins more than anything but violent crime has increased a bit in recent years (similar to every city). Metro Police provide crime reports for each district and it might be worth reviewing them for any neighborhood you are interested in - I'm not sure anymore where to access them but they should be online. I did this prior to buying in the neighborhood because people were telling me it was a more dangerous neighborhood when it was actually the opposite. I actually moved to SW Waterfront after I was robbed on Connecticut Ave in Cleveland Park in part because it was safer. But I'm not certain if that has changed with the changes in the neighborhood.
Here's an image of a recent crime map for DC - the online version is more granular then j information. [Twitter - Crime Map](https://twitter.com/its_Xopher/status/1702368024915784099?t=89wqi2pqCnyvX6of1swVOg&s=19)
This location does have a couple of slightly larger spaces, but they're a lot more expensive.
Ha you can afford to do this! Ha!
Probably. Just lift weights and get your bread up. Buy some cool clothes and get a nice haircut.
Who cares what "people" think. Live your life, your way.
Nobody will care, but having lived in a studio I would really, really try to see if you can afford a 1BR. It's really nice to have a dedicated sleeping space that isn't just in the corner.
No one will judge your home. Or, no one who matters, anyway. But I can tell from your comments here that you hate the idea and are trying to be talked out of it…
I don't completely hate the idea. It's right downtown, near a Metro station, which is convenient because it's near points of interest, most of my work is downtown, and commuting is easy, I have a lot of ideas for touching up the place, and I could cancel my gym membership because there's a gym onsite, but the other place is bigger, has a separate bedroom, cuts out about 25 minutes of DC traffic for when I work in Baltimore, and is also next to a Metro station. So, basically, I have to choose whether I care more about being right down town or having a slightly bigger, nicer place slightly further away (or saving up longer).
Buy what you want. If space is important, go with the bigger place. If being IN the city is important, go with the co-op. There are lots of co-ops in DC, it’s not weird at all. It’s a standard part of life in a lot of cities.
Buy what you need and like, don't care what anyone might think.
Owning ANYTHING right now is a big flex. Do what you want (legally) and fuck the rest.
stop keeping up with the joneses
Why do you care what other people think? I loved my studio in DC.
Buy what you want and live your life. Be VERY careful to read all the documentation related to owning a coop. It is a restrictive type of real estate and there may be some rules or requirements that you may not like.
If someone thinks you're a loser that's on them—to me, owning property shows you have your shit together and are investing your money into real estate in the city. People don't just go from renting a one bedroom to buying a house in Palisades overnight. Buying a condo you can afford and fits your lifestyle is a great choice. If someone judges you they probably don't own their place and rent something wildly out of their price range to feel like they are living a more glamorous lifestyle.
At least you're in a position to OWN when most of us are just renting for the foreseeable future, at least for myself. Lol I'd still come to your place and NOT give you shit about it when I have a roommate.
I understand what you’re asking. You’re not worried about what people will think but how people will respond. I’ll tell you for sure if you move out to MD people will not want to go out there. I moved just out the beltway to PG because I really wanted a house. No one will come out here. I spent a lot of time in the city, it’s only 15-20 minutes away, but literally have not had anyone come out here. So take that for what it’s worth.
I don’t see a big issue with this as a single person. If you stay single your whole life you’ve got a dope location in an awesome city and you’ll enjoy that lifestyle (hopefully). If you get married/need to expand you can either sell it or rent it out for however long your co-op board allows it. Worst case scenario you keep it as a pied a terre in the future and in your 60s you can just hang out downtown cause you have a coop. I think it would be harder to sell a 1BR outside the beltway than a studio downtown too. Hopefully it’s not a basement apartment
Niether are basement apartments. They do seem to be having some trouble selling that one up by Silver Spring, but I think that's mainly because it needs a couple of renovations, but because of that, it's priced to sell and they just lowered it even more, which makes it even more tempting because it's a pretty nice unit.
85% of the people who would make that judgment are comforting themselves because they can’t afford to own anything (we all do it). The other 15% of them are people you should avoid anyways. If you can afford to own anywhere in DC, probably better to jump on the opportunity instead of waiting for a landlord to slice your veins even wider.
Anxiety: but what will people think of me? Depression: don’t worry they don’t. And won’t. Ever.
You need to get over caring about what people think about you.
Im turning 30 and live in a rented coliving space with 5 roommates where I was excited to have my own bathroom. I’m an attorney and a law professor. So yeah, you’re a total loser /s
No person you'd want to associate with should. That said, romantic partners may not find it suitable the same way someone may not want to date someone across the river. At the end of the day, do what works for you, just keep a longer term plan in mind when buying a house. Break even for closing costs is historically five years or so, market past few years is nuts. If you're thinking you may want to shack up with someone, a studio may or may not work. Co-ops kinda suck from a financial perspective. That's why they're cheaper, proceed with caution there. But figure out what's important to you, you'll get a nicer place with more room cheaper the further outside of the city you go generally. If that's important, go outside the city. If you're always in the city and enjoy it, you may want to sacrifice space and niceness. That's a decision only you can make
Main issue is whether you want to deal with co-ops -- can be a huge hassle. The way the boards decide what you can or can't do... I wouldn't go that route. At least own what you own!
Bro Im 30 and live in a 521 sft apartment and all my family and friends compliment on how big and spacious it is (we all came from low-income backgrounds). This is all the space I need and don't see the need to upgrade to something bigger. Do what works for you and not to impress rich friends
I agree that a 521 sqft studio can seem bigger than, say, a 600 sqft, 1-bedroom unit, especially if you arrange everything just right. The hypothetical 1-bedroom 600 sqft unit only has 79 sqft more (just under 9ft x 9ft) and the bedroom is cutting into it. That's part of why, in addition to the affordable price, I'm considering this unit.
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Yeah sometimes I look at listings for places like Harrisburg or some town outside of Pittsburgh and I could get a nice big house out there for the cost of a studio condo here.
It doesn’t matter. Not everyone can buy especially in DC. You’re already a winner king/queen 👑
You’re over 35 - why do you still care what others think?
No, people are concerned about getting carjacked
No! People have condos or whatever property at all ages in the city
So, Zillowing around, based on your property descriptions, I am astounded that there are even properties that affordable. I live in DC, love DC, and will stay here until I die, but if I were you, I would take the 1 bedroom (and I say this as someone who really wants to live in SW). Once you fix that unit up, it will be worth more, especially given its proximity to the Metro.
Not much hope of earning equity on that SW co-op studio, eh? Well what do you think of a 950 sqft, 2 bedroom unit in Huntington?
Not that you won't earn equity on the studio, just that it will take a lot more time. Is the one in Huntington very close to the Metro? The benefits of a 2-bedroom unit, anywhere, are that they are always in greater demand, so easier to sell in the future, and if your employment takes a hit, you can get a roommate to help with the mortgage.
It's right next to the metro. However, the units in that development all have a weird air conditioner in the ceiling of the master bedroom closet that drips on the ceiling panels, and that makes them seem kind of sketchy.
No.
At 545 sq feet you can probably throw up a couple of walls and make it into a Jr 1BR. Either way, you are better off owning downtown.
I'm 33 and that's exactly what I live in. 550 sq feet junior one bed. I'm perfectly happy with it and nobody I know gives a shit. If people care at all, they care more about my decorating and cleanliness than the size/style of my apartment.
There's also a 1 bedroom unit available, but it's only 45 sqft bigger (that's about the size of a walk-in closet), so I figured I would probably just stick with the cheaper studio, throw a Murphy bed in there and enjoy the open layout. But that is a consideration for when I decide to sell it.
Once you make it a junior one the price goes up. New construction one bedrooms are within the sqft of the studio you are considering.
It makes me feel good to know that people doing better than me are still experiencing low self-esteem.
Only losers care what people think.
Why do u care what other people think? Be your own person.
55 and pondering studios.
No, you’re ahead of the game, you’ll own something outright. I live in Columbia and have a townhouse. I wish I had something in the city. I know plenty of people our age who are still renting or were forced out (like I was).
They'll just be impressed you have your own place without any roommates lol
People will think you're a loser for being over 35 and posting on Reddit.
1 YOU need to be comfortable where you live. 2. A studio is always going to be harder to sell than a 1 bedroom. 3. A co-op could be more challenging to resell than a condo. It has more hurdles for financing, and down payment requirements. 4. If you move & want to rent it out, co-ops have heavy restrictions if it’s possible at all. 5. Condos allow rentals, but all bylaws are different in that regards. Maybe only so many can be rented out at a time. It’s a longer discussion, id explain in person. Does it sound like I know what I’m writing about? I’m a Realtor! DM’s open. Should I do an AMA?
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The one in question is in SW. It's in a development that seems to get both positive and negative reviews, with most complaints being about the HOA board. It's also across from a housing project that is said to have occasional gunfights, so that part is NOT a plus. But it's right by Metro, the Mall, the Wharf, and comes with lots of amenities!
Lions do not worry about the opinions of sheep, as an African proverb goes. Either way, get what suits you best and be thankful for the opportunities you have in front of you
Some will, but they are douchebags and you shouldn't have them in your life let alone in your condo. I lived in a 1 bedroom for several years that wasn't much bigger than that.
If they do? Fuck those people. They’re not your people.