Originally posted by MxRacer:
i would be very careful about buying a condo/townhouse. make sure the local market will support you reselling it within a timeframe that you feel is realistic (probably 5 years-ish). it's very likely you'll want a single family house after a few years, and condo's are notorious for being hard to re-sell.... plus the housing market is about to get a lot softer for sellers. don't count on getting any equity from a condo within five years unless the market will support it.
i'd seriously investigate as much as possible with someone other than your realtor.
good luck!
True, but I would look into keeping the condo and renting it out. Look at the renters market. You would be surprised how many people are looking to rent because of how hard it is to buy. Do some more research.
"Do what you like, Because you have to drive it!"-Me
99 Contour LX
95 Mustang GT Convertible
97 Z24 Cavalier
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