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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]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 [b]I really want her to buy a house [/b]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] Repeat after me: She will be fine. It is time to stop making decisions for her. She really needs to have her own priorities and ideas. And she needs to experience living on her budget for a while so she can truly understand what she can afford long term.[/quote]
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