Well, he did start working there when he was in college. And they’re a cool consulting company. As for the home ownership — property is not nearly as expensive in Urbana as it is in Boston or the Bay Area, so it’s more feasible to pay down a mortgage even if you know you’re only going to be there 5 years or something.
The average life of the American mortgage is about 7 years. As long as the property appreciates in value, there’s usually not much trouble in paying off the balance on one mortgage and pocketing a nice profit. This is one area where Urbana may lag over a hot property town like Chicago, Boston or the Bay Area, though – property doesn’t appreciate in value quite as dramatically in Chambana.
Is it at all intimidating that a friend of yours from high school is both a business owner and a home owner?
I’m not nearly ready to be that settled down.
Well, he did start working there when he was in college. And they’re a cool consulting company. As for the home ownership — property is not nearly as expensive in Urbana as it is in Boston or the Bay Area, so it’s more feasible to pay down a mortgage even if you know you’re only going to be there 5 years or something.
The average life of the American mortgage is about 7 years. As long as the property appreciates in value, there’s usually not much trouble in paying off the balance on one mortgage and pocketing a nice profit. This is one area where Urbana may lag over a hot property town like Chicago, Boston or the Bay Area, though – property doesn’t appreciate in value quite as dramatically in Chambana.
Is this the Brandon you told me I should totally meet, oh, about a decade ago because you thought I’d like him?
Because he’s definitely kind of cute 😉