Bobby Fischer, a guy I went to UW Business School with, just bought a condo and had his housewarming party last night. I think that he’s one of my first friend’s to make the big jump and actually purchase a place to live. Fischer’s condo is on the corner of Cherry & Boren in the Capitol Hill area of Seattle by the big hospitals in a one hundred year old building that is in very good condition. He got a good price on it for the current market conditions (I think the housing market will get worse though, so I’m waiting to make an investment like that). The condo is a little over 1,000 square feet with 2 bedrooms and 1 bathroom and 2 living rooms. It has a nice yellow paint job inside and looks like a cool place to live.
I have been debating about whether to buy a house or condo, but I don’t think it makes sense for me at this point. Buying a condo is a big commitment of money and time and I think I would like to keep flexibility in both areas so that I can continue to focus solely on my businesses and career. I think that if I put my time into building my web properties and auto gauges business I will make far more money than if I sunk my resources into buying & fixing up a condo or house.
Fischer’s condo makes me question myself again, but I think that I’m on the right track. But as he said, “A condo is a chick magnet.”