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Real Estate
Reply to "Is buying a one-bedroom condo ever a good idea?"
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[quote=Anonymous]It's not worth it. Condos, especially one bedrooms, don't appreciate as much as a house or townhouse does. DC isn't nyc or San Francisco. Unless you plan on living in it and never selling it and using it as a rental, it won't gain as much equity as a house will. I see too many people buying condos and being confused as to why it barely goes up in value in 5 years. Condos have their board that basically control everything and they can dictate to raise the condo fees at any given month if the board agrees to it. [/quote]
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