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Reply to "With a 70k salary, should my daughter buy a condo or a house?"
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[quote=Anonymous][quote=Anonymous]Neither. Why would a suburban condo be $400k? Concentrate on building net worth and not through real estate. Not going to happen. Real estate is not always the way to go. Invest the $150k and have her invest anything extra she is saving by living where she is living now. What's wrong with renting a 1-bedroom? At some point, the investment you all want to tie up in a home will grow big enough for her to buy a nice place and have money left over. [/quote] That is how much they cost in south MoCo county, MD. (NP here)[/quote]
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