Reply to Is living in a condo considered a failure?

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[quote=Anonymous][quote=Anonymous]I'm not talking about first time home buyers who intend to upgrade, or about owners of luxury condos in the center of the city. I'm talking about individuals and families who are at least 35 years old living in average two-bedroom condos, who don't intend to buy a detached home.

We live in a city (not in DMV) where the standard up until now has been to live in a detached house, but prices have been increasing at a great speed. A house you could buy for 350K just five years ago now costs around 600K. Any single family home that costs less than this is either 40 minutes outside the city limits or needs major repairs that would amount to 600K. We bought a condo around 6 years ago for 180K which we're about to pay off. Our monthly mortgage + condo fees amount to less than 2/3 of a detached home mortgage we'd have to pay beyond our retirement, which is crazy. We constantly get comments about how we need to buy a "proper" place or how condos are only acceptable for young people who aren't professionally established yet.

[b]I grew up in a country  where condo living in major cities is the norm [/b]and the attitude we've seen from other people is baffling.[/quote]

I, too, am from the USA.[/quote]

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