I could use some feedback from you guys with experience. I own and live in my first home purchased, a 3bed/3bath (1250 swft + balcony) condo in Killarney. It is probably 14 years old and very modern/nice, but has always carried a high condo fee (utility/insurance rises and high sqft).
I purchased it for $300K (foreclosure + been doing renovations personally over 5 years) and it is worth $450K+. My neighbor below rents hers for $3300/month. My mortgage expired last week and is now open at 10.7% (I have made a call to ride open for the month).
My plan to sell was driven to get a break from the annoying Condo Board and Management company, but also to move that money into a $450K bungalow. The problem right now is those places are $600K+ now! and there are a lot of opinions that that new rise is here to stay.
Makes it hard to decide if I should stay to live, keep to rent it high, or sell and move laterally/upward to a single family home.
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