Renault78law
Distinguished Member
- Joined
- Jan 29, 2003
- Messages
- 2,125
- Reaction score
- 69
I'm having a very difficult time trying to decide between a house and a condo. My parents and others are telling me that a house is a much wiser investment. The rub is that I can't afford a house in the neighborhood that I want to live. Further, the houses I've seen in neighborhoods that I can afford (even those that are outside of my pricerange!) have been atrociously disgusting. I really can't see myself living there.
I'm single and 27 years old. I plan on living at my next residence for 5 years or so. Will probably move to the burbs after I get married and have a kid.
On the one hand, I feel like I should live in the city while I can. I'm still young and single and have few responsibilities. I have the rest of my life to put up a picket fence in the burbs. On the other hand, I feel like I'm being superficial and foolish. A house is a wise investment, and you avoid high HOA ($350/month). Houses appreciate faster, or in the alternative, depreciate slower, than condos.
I really can't decide what to do. Thoughts?
I'm single and 27 years old. I plan on living at my next residence for 5 years or so. Will probably move to the burbs after I get married and have a kid.
On the one hand, I feel like I should live in the city while I can. I'm still young and single and have few responsibilities. I have the rest of my life to put up a picket fence in the burbs. On the other hand, I feel like I'm being superficial and foolish. A house is a wise investment, and you avoid high HOA ($350/month). Houses appreciate faster, or in the alternative, depreciate slower, than condos.
I really can't decide what to do. Thoughts?