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[quote=Anonymous]I ended up being a landlord not by choice. I think the money gets better over time. I bought a condo in 2000. My mortage was $1500/month, then taxes, condo fees, insurance brought it up to about $1900/month. I think I rented it for about that amoutn, so any unexpected cost and I lost money. Now years later, my mortage is still the same (actually a little bit lower -- I refinancned a few years ago to get a better rate, but still fixed like before), and taxes and condo fees haven't gone up that much, but I get $2,500/month in rent. So I do make money every month. If I were to buy my place today, I wouldn't make money. It works because I bought at a lower price back then, and my mortage is fixed, so my costs don't go up as much compared to the market rental rate.[/quote]
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