Quote:
Originally Posted by Hemi-Cuda
I wish someone had told 24 year old me to not buy a condo. That decision delayed a house purchase when I had a family by several years, and ended up costing me a lot more over the years vs renting due to depreciation. I will make damn sure my kids don't make that same mistake
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Its actually interesting.
I dont pretend to be an expert in Real Estate, it is not my jam.
But my sister moved out of our parents' house shortly before I did, she bought a Condo that my parents co-signed for.
Since they co-signed for her, they were financially unable to lend me the same assistance. So I moved out and got an apartment close to my work.
Fast forward a few years and she lost a lot of money on the sale of that Condo, I saved money, walked away from my apartment free and clear and purchased a house.
I think renting gets a bad rap, and, as a Condo owner now...you really have to do your due diligence.