Gotadimple
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2007
- Messages
- 2,615
HaHa,
Good decision -- as we discussed before. While condo values (whether apartment flat-style or townhouse-style) have dropped slightly in Seattle, most are holding their value, so finding a good buy downtown isn't likely (unless of course that $400mm is now selling for $360mm).
I suspect that when the housing market stabilizes, condo prices may hold steady while home values go up. It's a nice way to live, but not necessarily the least expensive way to live. There have been other threads about the own/rent question. There are many sides to the question, but the short answer is that even with owning a condo you still have interior maintenance to worry about.
While I own a townhouse and plan on living here for several more years, at some point I will want to sell it and use the proceeds to pay for apartment living until I can no longer live by myself. When you buy a place you are tying up $ that are not very liquid (at least not as liquid as investments) AND you have opportunity to make constant improvements, just as in a home.
-- Rita
Good decision -- as we discussed before. While condo values (whether apartment flat-style or townhouse-style) have dropped slightly in Seattle, most are holding their value, so finding a good buy downtown isn't likely (unless of course that $400mm is now selling for $360mm).
I suspect that when the housing market stabilizes, condo prices may hold steady while home values go up. It's a nice way to live, but not necessarily the least expensive way to live. There have been other threads about the own/rent question. There are many sides to the question, but the short answer is that even with owning a condo you still have interior maintenance to worry about.
While I own a townhouse and plan on living here for several more years, at some point I will want to sell it and use the proceeds to pay for apartment living until I can no longer live by myself. When you buy a place you are tying up $ that are not very liquid (at least not as liquid as investments) AND you have opportunity to make constant improvements, just as in a home.
-- Rita