For most of my adult life I’ve lived in a near center of town neighborhood, and I’ve recently begun shopping for a home.
Whew! The sticker shock just about dashed my hopes of living in the area in which I’ve been renting for years (Montrose in Houston). I like the area and would like to stay close. It is apparent that I could have a mansion (not that I’d want one) if I were willing to move into the 3 hours of commuting per day segment of the population that inhabits the 'burbs; but, well, I’m not.
So an alternative that has presented itself to me is to perhaps buy a downtown loft. They’re almost all fairly new construction (<5 years old), so they have modern amenities, and they are eminently more affordable than houses around here.
Upside to lofts include that they are generally new, have onsite security, many clubs, reataurants, theaters, etc., are within walking distance and my commute would remain the same.
The downside is that they are not houses, so we share walls (and possibly ceilings and floors as well).
Anybody have experience with downtown loft living?