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Real Estate
Reply to "Condos- are they a bad investment?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Depends on location. In cities, maybe. In suburbs, no. Especially with condo fees. [/quote] It’s neither really. It’s a rural ski town with a small historic downtown with small dense lots and homes about 1k-3k square feet. The big new ones are expensive- like $7 million. Then there’s a ski base area that has most 1970’s-80’s buildings in low-average condition, all walk up and about 100 homes in the mountains that are 1.5-10 million. Then about 3-5 miles out there are mixed communities with homes ranging from 1.25-10million. I’m wondering which area we should choose. Right now our budget is the condo or townhouse in the older building but if we wait a few years it opens up doors to get a small home on the lower price range a few miles out. [/quote] A ski town is different from the dmv area. 9 times out of 10, the townhouse will be a better investment than a condo. Just like a SFH will be a better investment than a th. [/quote]
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