Search results

  1. A

    Is it really so bad to get a condo instead of a townhouse if you have a set budget?

    @huntbchsocal That’s a straw man. You don’t need a study to prove basic math. A larger portion of your income invested in faster appreciating assets always results in a higher net worth in the end. The reason why most renters have lower NW than homeowners is because people are terrible at...
  2. A

    Is it really so bad to get a condo instead of a townhouse if you have a set budget?

    @k_ann I don’t think you understand the point. Losing your job is equally threatening to homeowners as it is to renters. Moreover, if your ownership costs are more than your rent, you most definitely are going struggle A LOT more keeping up with your monthly mortgage payments. Most mortgages...
  3. A

    Is it really so bad to get a condo instead of a townhouse if you have a set budget?

    @abeck0486 That’s subjective. Quality of life sure suffers when you have big maintenance expenses come up out of the blue or when you have to commute 90 minutes to work everyday.
  4. A

    Is it really so bad to get a condo instead of a townhouse if you have a set budget?

    @torah1st2019 You’re right, unless renters mindfully invest the delta regularly into other financial assets. I get most people don’t have the discipline for it, but if you do, home ownership actually leaves you behind in the long run. Important to point out that this is only for the case where...
Back
Top