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Real Estate
Reply to "Retirement housing "
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[quote=Anonymous][quote=Anonymous]Can you wait a year or so and see how the real estate market shakes out? Could you work maybe one year longer than planned to save more money for the condo? The problem is that 3 bedroom condos are less common, and they'll be much more expensive in the fun walkable areas. Could you compromise on a 2 bedroom condo? Two bedrooms plus a sleeper sofa means that one of your kids plus their kids could visit. You could also pay for hotel rooms if you want both kids to visit at the same time. It would likely be much less expensive to pay for the hotel room 1-2 times per year when both of your kids and their kids want to visit, rather than to pay for a 3-bedroom condo.[/quote] This. Find a 1-2 bedroom and until your kids are established pay for a hotel for their visits. I would much rather have my family pay for a hotel for a gift then get any type of material thing. Also 3 bedroom condo might be hard to sell later on. Also, you could rent? There are a lot of luxury rental apartments in the city that are nice and yes rents may go up but you won’t have to worry about HOA or assessments which can be high with condos. [/quote]
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