Quote:
Originally Posted by baseball tourist
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.
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Absolutely correct... it all depends on the geography and specific real estate market in question. Seattle is "gold" right now, and a majority of condo owners are thriving and/or realizing big profits.