Condo:

[Anonymous]

Anonymous wrote:

Anonymous wrote:The contrarian here, keep it and rent it out. I own a condo in Arlington on a metro stop. Condo is paid off and I have been collecting 'mailbox' money the past 12 years on the condo. Yes, things break and you fix or replace them. It hasn't been a money pit for me and the condo has increased 3x since I bought it many years ago.

There was an era where condos appreciated decently in Arlington. Lately appreciation has stalled out and condos are seeing 0-2% appreciation on average per year, while Arlington HOA fees have been rising significantly.

I don’t think your 3x value increase will repeat itself, and without that the money does better in an index fund (while also requiring no work).

A single condo is also a non-diversified asset by definition, and consequently much more risky than many alternatives. It is also illiquid, not a desirable attribute unless you anticipate never having to sell it.