3 person family does not need a 6 bedroom house. Yikes.

Condo. But look around, they will both be worth less as the impact of the virus expands.

Condo. Truth is, your wife is going to be doing most of the cleaning. She’s smart to want the condo.

That house sounds absolutely stupid.

There is no reason to buy a house that size with no yard. That's just ridiculous.

Anonymous wrote: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.

Wrong. OP will probably be paying $4-5k month for the condo, but the house with that price will easily be double that monthly price.

Anonymous wrote: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.

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.

Yeah, what's the condo fee? That's why condos never make sense.

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.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No one needs 4200 sq ft, unless you have eight kids or something

OP here. We want 2-3 and often have family in town to visit.

Cross that bridge when you get to it. Save for now.

+1. Get the condo. Less maintenance and having indoor parking and an elevator will be helpful with an infant. I would not spend $1.5 million on a house without a yard. Wait until you have your 2-3 kids and buy a home with a yard.

Anonymous wrote:Six bedrooms is over compensating for something.

Oh, shut up. You’re not funny or smart.

Anonymous wrote:

Anonymous wrote:No one needs 4200 sq ft, unless you have eight kids or something

OP here. We want 2-3 and often have family in town to visit.

Cross that bridge when you get to it. Save for now.

Anonymous wrote:With a child coming, why buy a house without a fenced yard?

OP here. Neither place has a yard.

Anonymous wrote:No one needs 4200 sq ft, unless you have eight kids or something

OP here. We want 2-3 and often have family in town to visit.

Definitely The house