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| Topic | Signed off on a condo, cuz buying a house alone was impossible. Whelp. |
| Dynalo 02/05/18 12:48:13 AM #38: | I keep looking at condos, but in this market (in my city) I don't know how I'd ever make money on it. Regina grossly overbuilt condos while the oil prices were sky high. I remember most of them going for roughly $300-325k. Now they are begging people to buy them at closer to $250k by throwing in all kinds of incentives. But man, even in "normal" circumstances, you're looking at around $200/month in property taxes and $200-300/month in condo fees. So that's up to $500/month in just fees, before you ever get to your mortgage. My rent is only $800/month. It's really hard to justify buying in this scenario. Especially when I don't believe the value of the condo (or even a house right now) will outpace what I'd be paying in interest on the mortgage. --- Assassins do it from behind. ... Copied to Clipboard! |
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