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Personal Finance and Investing

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dem4mylyfe

(14 posts)
Wed Mar 7, 2012, 07:15 AM Mar 2012

Buying a condominium now or in 2 years ? [View all]

I hope my problem's solution will help others.

I've been wanting to buy a condo for many years. It appears that 2 bedroom, 2 bath condos in my target market have bottomed out in price recently.

My problem: Do I buy now and not actually live in it for two years, or wait for two more years and risk price appreciation ? I am able to buy now.

I"m aware that for two years I have to pay the real estate taxes, HOA fees, upkeep expenses, etc as well as the disadvantage of not actually living in it. I know I can rent it out. There is no way, due to personal reasons, I can actually live in it right now. I have to wait another two years.

Thanks for your time.

4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Don't have more than a top of the head response, elleng Mar 2012 #1
Do you like being a landlord? Common Sense Party Mar 2012 #2
If you can afford the condo SheilaT Mar 2012 #3
bought the condo dem4mylyfe Apr 2012 #4
Latest Discussions»Culture Forums»Personal Finance and Investing»Buying a condominium now ...»Reply #0