Reply to DC condo: $900k in 2017 -> $770k in 2025

Forum Index » Real Estate

Reply to "DC condo: $900k in 2017 -> $770k in 2025"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Condos are the worst investment you can do. When we bought our house in 2019 the condos that were selling for 500k are selling today in 2025 for 450k. In the meantime the house we bought in 2019 for $500k is worth $700k today. [/quote]

SFHs are bad investments also. Property taxes, maintenance, renovations so that the house doesn't become dated, buying too much stuff to fill the space, commuting costs -- all of it adds up, and if owners are really honest with themselves, they'll realize that owning is not a winning proposition in most cases except if your timing is perfect and you buy before a real estate upswing (such as 2019-2021). Better to put your money in S&P index funds, but alas all of us need a place to live so the best move is to buy no more space than you need and try to minimize maintenance and taxes.[/quote]

Can you live in your stock portfolio? Do index funds provide a shelter or roof over your head? No. I never said they are a better investment than the S&P 500, but they are a better investment than condos  and you they typically hold their value after adjusting for inflation. You need to live somewhere and purchasing a single family home will typically result in more wealth accumulation than buying a condo or permanently renting. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics