Quote:
Originally Posted by boogerz
I only did a scan of the far south and condo fees were hovering between $325-500/month.
Regardless, it's not hard to find older SF starter homes east of Deerfoot for $300-350k. At 10% down that's a $1200-1300/month mortgage payment, which is doable on a single income of $65k/year and marginally more than the mortgage payment (+condo fees) of suburban condo.
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Yeah, if you compare mortgage payment for a house to mortgage+utilities+insurance+maintenance+replaceme nt reserves for the condo the house will come out with an advantage.
Once you add water/sewer/trash/compost/recycling/gas/insurance/maintenance/replacing big stuff (roof/windows/furnace) the comparison tilts a bit.