Quote:
Originally Posted by Fuddjcal
Excellent points Schleprock... except "Tempted to sell it all and buy an amazing condo somewhere"
IMHO, Condos are a complete waste of money especially for investments. A good rule of thumb is, if you ain't buying dirt, it ain't Real Estate. The association fees will kill ya. If it's not for an investment, save up until you have a 25% deposit for your dream home where you want to die. It's really that simple.
As per Fudd, the real estate guy  |
Too simplistic of an answer.....if it weren't, I wouldn't have sold my Toronto condo 8 years after I purchased it for a $75K profit after legal/closing costs etc.
In addition, to some (like a City boy such as myself) a high rise condo in a cosmopolitan city is a dream home location. Ticky-tack suburban homes...no thanks! Country living? Nice to vacation to, but to live...no thanks.
To each their own of course, and every market is different.