Condos- are they a bad investment?

[Anonymous]

Anonymous wrote:If you're planning to retire there, does whether it will be an investment or not really matter? Would you prefer to retire to a condo or SFH? A condo is less maintenance and in the meantime could rent it out potentially easier than a SFH.

This.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you're planning to retire there, does whether it will be an investment or not really matter? Would you prefer to retire to a condo or SFH? A condo is less maintenance and in the meantime could rent it out potentially easier than a SFH.

This.

I disagree that it doesn't matter. You can plan all you want for the future (in this case retirement) but #hit happens, life changes...boy does it ever. You should always look at real estate in terms of how you think it will increase in value in the future whether it be for your own benefit, or the benefit of your heirs. I don't want my kids saddled with a worthless piece of real estate once I'm gone. And when it comes to which segment of real estate performs the worst during both up times and down times, it's condos. Followed by townhomes which perform better than condos, then of course SFH.