A condo from hell

Christian Lassen 002-A

This is a painting by Christian Lassen that hangs in our house.

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I am so glad I no longer live in that horrible condominium in Honolulu.  We bought it for $73,500 in 1979 and then sold it for $220,000 in 1991.  Isn’t it amazing that such a crummy place would sell for that amount of money?

It was a 3 bedroom 2 bath apartment, which came with a clothes washer and dryer as well as a dishwasher and other modern conveniences.  However, the noise from the neighbors and street traffic was unbearable.  We could hear people having sex, their toilet running, their stereo booming not to mention the buses and cars rumbling by our building.  It was a condo from hell.

We sold that condo and moved to a 3 bedroom 2 bath house on a quiet street in a better part of town.  We are so glad we did this before the real estate market escalated to such a point that this house would be unaffordable.  We bought our house for $380,000 in 1991, and it could sell for $880,000 in today’s market.

We have no problem living here.  We hope to live in our house until we die.  If the yard and house are too difficult for us to maintain, we can always hire someone to help us.

10 Responses to “A condo from hell”

  1. David Says:

    We made a great decision selling when we did. The good point about the condo is that the price escalation enabled us to make a substantial down payment on this house which made the payments manageable. Without this increase we could not qualify. We are blessed and eternally grateful.

  2. Kay G. Says:

    Blessed and eternally grateful…how I love David’s words above!
    And no matter where you are, you always have art and flowers!

  3. Olga Says:

    Your real estate investments have paid off nicely for you. You have a lovely home. I did the opposite from you by going from a house to a condo. The house was too big and too much work for me on my own. I am happy in my condo but I know that I will not stay there forever and will most likely spend my later years in my place in Florida.

  4. Joanne Noragon Says:

    It’s good to live where you are at peace.

  5. DJan Says:

    It sounds like it was the perfect decision.

  6. dkzody Says:

    We too bought a condo as our first real estate purchase, a 850 sq foot, 2 bedroom, 1 bath place, in 1977, for $18520. In 1980, when the real estate boom occurred, we sold it for $32K and bought our current home for $72,500. Real estate has not done nearly as well in fresno as it has in Hawaii.

  7. Christine Says:

    You are all set Gigi.

  8. Linda Starr Says:

    Glad you both made the right move at the right time. We hope to stay in our home but the stairs are a problem, We are planning on putting in a kitchenette downstairs if and when we can afford it, just in case. we shall see. I have always like individual houses and not apartments or condos even when I was in college I rented a little house behind a house so I’d have my own space. I would search and search just so I didn’t have to live in an apartment.

  9. honoluluaunty91 Says:

    Where was your condo? I love living in a house with yardwork and privacy. Hawaii prices keep going up though, so it is tough for young families to afford their own place.

    Those monster house builders “say” they are helping the housing crisis but they are actually destroying old neighborhoods with apartment like “houses” and selling them for hundreds of thousands more than the normal home sale. They also tend to tower over older houses, so there goes the privacy of our back and side yards.

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