Gnad

My wife and I are both professionals, seeking to buy a place with another couple (to lower the risk)

Our downtown Chicago apartment lease is over at the end of February, and we are in the middle of deciding what the hell to do.

We could buy a 2 bdr/2ba condo downtown for $330K, but then pay $650 a month for assessment. That to me is a ridiculous waste of money. Why not get one or two couples together to buy an entire building for 800K and split it all equally?

There are no tax breaks for assessment fees, but there are for mortgage interest. $650 = $130K in purchase power. Why give that up?

I lived in Japan, and just loved it. I refused to go there via marriage or by teaching English, so I am looking at other options.

Currently, I am working at an Accounting firm, working on getting my CPA, and I hope I’ll be able to get there that way.