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[quote=Anonymous][quote=Anonymous][quote=Anonymous]With your future plans, definitely the house. Condos are generally a terrible investment and with a recession on the way, you won’t be in a position to buy a condo now and upgrade later unless you get some sort of cash windfall.

Also, for the type of condo that you’re describing, what is the monthly maintenance fee? Generally fees are astronomical in large buildings, making that 670k condo more in particular with the larger house. [/quote]
OP here. It’s a 10 unit building and the HOA’s are $254/month. My wife wants to buy a house in the suburbs with a large yard 4-5 years down the line. Moving to the suburbs isn’t possible with our jobs in the city right now. Both of our jobs are within 15 minutes from the condo, and 20-30 from the house. She doesn’t want to have to clean sand furnish such a large house either.

One of my closest friends is a real estate broker. He too agreed condo is best option. Condos in our area have been selling faster than houses. Some of the houses have been sitting for 2-6 months, but most condos listed are selling within weeks. Another condo unit in the same building sold within two weeks. All 5 units of a condo building a block away sold within a week. 
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Both your realtor and you need to do a little reading up on the last housing bust and how well condos fair in economic downturns. [/quote]

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