Quote:
Originally Posted by _Q_
The real estate market in this city is totally messed up right now.
I have a 2 bedroom condo in Marda Loop that has lost like 20% of its value since I bought it 9 years ago. I want to buy a larger place for my family now, but the fact that I have no equity in my condo and the blazing hot market in single family or attached homes means that I'll probably be here for the foreseeable future.
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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