In further investigating the condominiums for sale in Makaha, I discovered that the condo maintenance fees were fairly high ($390 to $729 per month). There is a studio unit available for $95,000 fee simple. I may contact Debbie, my former realtor, and ask her to submit a $75,000 cash bid. I doubt that it would be accepted. Actually, even that amount is way too much for the unit.
If I were to actually purchase the Makaha condo for $75,000 in cash, I would have to force myself to reside there for eight years in order to break even (i.e., as compared to an equivalent studio apartment in town), including the $390 per month maintenance fee. During that time, I would not be able to afford an automobile, at least according to my arbitrary budget constraints.
As far as the homeless motorhome (read: luxury minivan) plan is concerned, I have revised the requirements to now include "pre-owned (read: used) minivans. Previously, I was against the idea. However, if I can procure a model that is one or two years old, I will be able to save several thousands of dollars. A "pre-owned" minivan is also less noticeable. Stealth is a critical success factor for homelessness.
I really desire a return to the "simple life." Yet, I have to wonder whether my life has ever been simple. I reduced myself to a state of mendicancy. I eliminated all superflous material possessions. I reduced spending to the basics. Yet, there was still an overarching complexity that was unavoidable. My environment is steeped in complexity, overburdened by overpopulation, imprisoned by the "ownership society," locked in the vortex of rampant consumerism, and now deeply entrenched in narcissism. And, it's all about the money. Fake money, that is.
There is a lot of talk about an upcoming interest rate hike by the central bank of empire as early as the Summer. Baha! Ha! Ha! Haaa! Every six months or more, the same idle threat is broadcast by the same gasbag moneychangers. The theatrics are part of the ruse to persuade the rank-and-file peons that there is still some sense of normalcy in the financial markets. In the eleventh hour, the moneychangers will recant for some reason or another. If interest rates were to rise from zero percent to a low 0.001 percent, the whole "house of cards" will collapse. There's so much debt (i.e., $17 trillion and rising for empire alone) that anything other than zero percent will require massive restructuring of debt service. Insolvency will wreak havoc globally. Subsequently, several new rounds of "quantitative easing" (QE) will be invoked. Debt will increase exponentially again. You know the drill. Interest rate hike? Not going to happen in my lifetime.
I had been counting on interest rates returning to "normal" (i.e., about five or six percent annually). Prior to the staged financial collapse of 2008, I was earning over $20,000 in interest on my investments. Now, I have been victimized by negative interest rates. Yes, actual interest rates are negative. So far, I have incurred losses of about $12,000 or so. When the upcoming "bail in" policies take effect, money will disappear even more rapidly from the hands of the rank-and-file peons. Poof!
So, rather than waste time and money on dodgy real estate investments, I should revisit the idea of locking up some of my disappearing money into physical gold. Of course, if I am homeless, where am I going to store the gold? Thwarted at every turn. That's the story of my life. Sheesh!
Same ol' shit. Agenda, itinerary, same ol' shit. The "jury is still out" concerning the homeless decision. Purchasing a condominium in Makaha is a "no go." No other options exist, aside from prolonging the agony. Sheesh!
Condo fees could also go up, not to mention special assessments. You would have no choice but to pay.
ReplyDeleteYeah, the special assessment nonsense is what drove me to sell the despicable "condotel" unit in Waikiki.
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