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| Topic | Invest in stocks, or try to get a condo? |
| banananor 03/29/21 11:58:56 AM #16: | If you don't have any friction with your mom, I'd probably stay. Aromance is a financial blessing. from a purely financial perspective, I would avoid the condo unless you are confident you'll be able to flip it at an insane rate. Make sure to factor in condo maintenance fees, property repair costs, and other bullshit when doing the math. i have friends with condos and those things add up to another set of rent. To fairly compare to stocks (and more strategically, a good index fund) you should take all the money you would have spent on the mortgage, fees, repairs, etc and dump them into the stock as well $1300 per year is a reasonable property tax rate. The 7% annual increase is bullshit though, so you will have to move eventually. --- You did indeed stab me in the back. However, you are only level one, whilst I am level 50. That means I should remain uninjured. ... Copied to Clipboard! |
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