Living in a condo vs an apartment

[shopbruin]

i live in a rented condo. but i live in los angeles, where a 2 bed in my unit just went for over half a million, and one a few streets over wants over 600k asking price.

 

[ragazzo]

Originally posted by: matstars
OP, where is this btw?

Central NJ

 

[ragazzo]

Association fees plus insurance can be about $200/mo. Personal maintenance depends on the condition of appliances and interior of the condo. Otherwise, the association takes care of the external. Property tax is roughly 4 to 5K annually.

 

[MrChad]

Originally posted by: geno
Apt = black hole in which you'll never get your money back from

True, but real estate prices are so insanely over-inflated in some regions that sometimes it makes better financial sense to rent than to own.

 

[DainBramaged]

Originally posted by: Kauru
condo for looks + resale value

 

[cHeeZeFacTory]

this question depends on the location

 

[Adica]

Apples and oranges. If you have good credit and the means, there is absolutely no reason why you should rent an orange, when you can own an apple.

 

[ragazzo]

13 to 2. condo wins!