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[quote=Anonymous][quote=Anonymous][quote]Anonymous wrote:
Things have gotten ridiculously pricey in Arlington where we’re searching. We’re looking for a small condo for our just out of college kid up to 450K. We want a two bed so they can rent one room out if they want. It’s not looking too good so far

Out of curiosity with how sluggish condo sales/values have been, what makes you want to buy your kid a condo instead of pay their rent or investing that money in an index fund for their benefit?

I ask because in most Arlington condo buildings right now the monthly PITI for buying is quite a bit more expensive than renting an identical unit in the building, sometimes more than $1,000 difference…plus exposure to rising HOA fees and special assessments…plus the fact that condo values are largely flat lately…plus rents are fairly stable lately…

Are you assuming significant appreciation?[/quote]

My question is: how do you know your kid who is just out of college will stay in the same job in this area for enough time to make buying a condo worth it? 
[/quote]

+1. Another issue is that people right out of college like to move around even within the DMV. Wouldn't surprise me if they want to move into DC at some point. But maybe mommy and daddy paying the rent will be enough to keep them in Arlington.[/quote]

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