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Reply to "Why do people buy condos?"
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[quote=Anonymous]I like condos at times when the math is right. If you bought a well-managed DC condo in 2020 at 3% rates, or before that and refinanced at low rates, the math might work. I just don’t understand the math if you buy a condo here in 2026. You could rent an identical unit in a DC condo building for often $1-2k less than buying per month. You rent and invest the difference that’s a massive return in favor of renting. Plus appreciation has completely stalled out with many DC condos selling for barely more than they were bought a decade ago, so you’re not counting on appreciation. I get the perks of condo living, but right now the math says rent a condo from an individual owner, not buy.[/quote]
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