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Reply to "With a 70k salary, should my daughter buy a condo or a house?"
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[quote=Anonymous]The house is a way better deal. The condo fees will be steep. An old house will likely require a lot of repairs monthly, but at least it's increasing house value. Also, she should only buy a place if she can see herself living there for 5 years. In 5 years would it be possible that she's married with a baby? I did buy the condo at 22. It doubled in price and I sold it at 28. It was a great investment. I needed to live close in and the old houses were just too old and poorly maintained (they were 1940s ramblers that everyone else was tearing down because they had so many issues and I couldn't afford to tear down). [/quote]
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