50. Maybe buying this condo was a mistake (Part 2)

Published: July 5, 2022, 7 a.m.

b'In part 2 of Elena and Eric\\u2019s story, we learn about the deep emotional ties that Elena associates with the condo that\\u2019s draining their savings account\\u2014and why she\\u2019s so anxious about outside opinions in the event they decide to sell it.\\xa0\\nTo recap, they\\u2019re 25 and make $160k/year combined. They love to go to music festivals and bought a condo (with a down payment gift from their parents) about seven months ago. \\u201cSociety\\u201d tells them that\\u2019s great, so they think they\\u2019re doing great.\\nThey\\u2019re not. Between transaction fees, mortgage, and maintenance, the purchase has bombarded them with phantom costs that require them to spend $2,000 a month from their savings to stay above water. At this rate, they\\u2019ll be broke in two years.\\nNo amount of cutting back on sushi or music festivals will solve this problem. This one\\u2019s all about money psychology. Eric and Elena have some tall emotional hurdles to get over before they can make the right decision and stand confidently in their truth to outsiders. Listen in to see if they can commit to selling their home and living their Rich Life.\\xa0\\nConnect with Ramit\\n\\nWebsite\\n\\nInstagram\\n\\nTwitter\\n\\nFacebook\\n\\nYouTube\\n\\nLinkedin\\n\\n\\nIf you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.\\nProduced by Crate Media.'