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Reply to "How would you handle this situation regarding helping out an AC with money?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Best approach would be to help her with down payment to buy a small condo she can afford and then let her handle it.[/quote]This is probably what we would do. [/quote] I hate to tell you but this is an outdated idea and here is why: the less expensive the sale price of the condo, the higher the monthly maintenance fee The result: Buy a small less expensive condo under $200K will cost more than renting the same unit OR will cost roughly the same as buying a larger unit, with higher sale price , but less maintenance fee [/quote] Not mutually exclusive. You can buy small condo with low maintenance and large place with high maintenance cost.[/quote]
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