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Real Estate
Reply to "Explain this - price of condos "
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[quote=Anonymous][quote=Anonymous]Could pay cash. If there was a mortgage involved 25% down, it would be another $500 or so a month out. Say $1000 out; $1,500 in. Meaning $6000 p.a. return on $35K investment, or 17%. Sounds pretty attractive to me. Which begs the question, why isn't everyone doing it, thus driving the prices up.[/quote] Don't forget there are others costs. Maintenance, repairs, renters who might not paid, and taxes on your earnings. But, yes it can be a good investment. [/quote]
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