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raymor · 07-25-2011, 01:29 AM

Condos generally go down in value. Houses go up.
So the question is, lose money or make money?

You said you have to chose between a cozy condo or a much larger and more expensive house.
You could choose a cozy house that you will still be able to afford when you're processor goes belly up or whatever shit happens. We know what will happen, but we do know that shit happens. If you're successful at 25, sad I was, you can't help but feel that you'll keep having things work for you. You are not immune, so some form of shit will happen to you.

That implies that throwing away $200,000 that you'll need later on condo fees is not a good idea. Invest in an asset that will appreciate. A house, if you must live in your money, or traditional investments if you'd rather retire early than live large now and regret it later.

I speak from experience, from my own mistakes. The US is fucked because the government and the voters were short sighted with money. The asians, who think long term, own our asses.

07-25-2011, 01:29 AM
raymor Confirmed User Join Date: Oct 2002 Posts: 3,745	Condos generally go down in value. Houses go up. So the question is, lose money or make money? You said you have to chose between a cozy condo or a much larger and more expensive house. You could choose a cozy house that you will still be able to afford when you're processor goes belly up or whatever shit happens. We know what will happen, but we do know that shit happens. If you're successful at 25, sad I was, you can't help but feel that you'll keep having things work for you. You are not immune, so some form of shit will happen to you. That implies that throwing away $200,000 that you'll need later on condo fees is not a good idea. Invest in an asset that will appreciate. A house, if you must live in your money, or traditional investments if you'd rather retire early than live large now and regret it later. I speak from experience, from my own mistakes. The US is fucked because the government and the voters were short sighted with money. The asians, who think long term, own our asses. __________________ For historical display only. This information is not current: support@bettercgi.com ICQ 7208627 Strongbox - The next generation in site security Throttlebox - The next generation in bandwidth control Clonebox - Backup and disaster recovery on steroids