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/biz/ - Business & Finance

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56660327 No.56660327 [Reply] [Original]

Should I buy a condo for 300-400k in the greater Boston area or continue to pay 2300 in rent. I feel retarded paying to rent but I've heard mixed reviews about owning a condo.

In b4 some retard says "durr interest rates are so high why would you do that??"

we'll the answer is because I know prices around where I live will never fall, so I'd rather keep the conversation towards if condos are a good investment or not. TY

>> No.56660356

If you have 400k, buy a small house and the condo, then rent the condo out while you live in the house.

>> No.56660369

>>56660356
Or the reverse like living in the condo and renting your full home for a huge amount monthly

>> No.56660393

>>56660327
It's a good idea if the condo is in a trendy/high demand area. The problem with condos is mismanaged HOAs leading to runaway costs. I have a condo that I lived in for awhile but I got a low interest rate and I'm now renting it out making passive income.

>> No.56660439

>>56660393
are the HOA fees fixed or can they increase them as they please