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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][quote=Anonymous]Op here, thank you for the responses. We have looked at the numbers and the $400k condo we know she can afford. She will have $150k savings + $50k first time home buyer money (although we are not sure how this part works yet). Plus we the parents can help out if need be. She also wants to have a friend move in and pay her rent so that will help too. So we are thinking the condo is best for now, but I really want her to buy a house if she can find one in an area she likes in good condition, which may be really hard to do on her budget. It would have worked 2 years ago but house prices have really gone up a lot here.[/quote] And she may go to grad school across the country or marry someone from God knows where. She is not in a stable phase of life yet. This is her time to travel and date. Don't tie her down with a yard and mortgage. [/quote] Why do you think the OP is tiring her down? Don’t infantilize the DD. Sheesh.[/quote]
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