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| Topic | Invest in stocks, or try to get a condo? |
| Seanchan 03/30/21 1:58:32 PM #48: | Others might not agree, but my ethos is that any money I put into retirement accounts, Roth or otherwise, is not to be touched until retirement. The only exception being if I would literally die without using that money, meaning that a down payment doesn't count as life or death. SwiftyDC posted... If anything, buy a house not a condo. I've continued to rent in a high price market for exactly this reason. I could afford a condo but the fees are ridiculous; like $300 to as much as $1000 a month. Why would I want to spend $2000/month on a mortgage, then add condo fees and property taxes on top of that, when I could just spend $1800/month, continue to rent and have no stress whatsoever if something breaks. I'd think about a house but they're simply too expensive without going into the outer 'burbs, which I don't view as a viable option at the moment. But if my choice were between a condo and a house, and I could comfortably stretch the budget for the house, it's an easy choice. A house is going to retain value better, give more privacy, and you probably don't end up spending much more on maintenance once condo fees are taken into account (*unresearched opinion that may be completely wrong). --- "That was unnecessarily dramatic". - NY Mets motto (courtesy of InnerTubeHero) Congratulations to azuarc, the guru of gurus and winner of GotD 2020! ... Copied to Clipboard! |
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