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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The contrarian here, keep it and rent it out. I own a condo in Arlington on a metro stop. Condo is paid off and I have been collecting 'mailbox' money the past 12 years on the condo. Yes, things break and you fix or replace them. It hasn't been a money pit for me and the condo has increased 3x since I bought it many years ago.[/quote] There was an era where condos appreciated decently in Arlington. Lately appreciation has stalled out and condos are seeing 0-2% appreciation on average per year, while Arlington HOA fees have been rising significantly. I don’t think your 3x value increase will repeat itself, and without that the money does better in an index fund (while also requiring no work).[/quote] A single condo is also a non-diversified asset by definition, and consequently much more risky than many alternatives. It is also illiquid, not a desirable attribute unless you anticipate never having to sell it. [/quote]
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