[Manic!]

Originally Posted by 68style

Even for myself, my mortgage is now paid off and my condo is worth about $630,000 at the moment... I'm looking at buying a new place and was thinking to keep my condo... but there is no scenario I can think of where it's worthwhile to keep my condo and rent it out, rent is $2,500 a month in my building but strata fee is $390, property tax is $120-ish, insurance for a renter I don't even know what that costs, and the building is now 13 years old... for sure appliances are going to start to fail (my fridge died once, but I fixed it myself) and I was given a heads up by a friend on strata that there's a special levy coming this spring for anywhere from $5,000-$10,000 per unit to re-seal concrete exterior surfaces......... combine that with questionable drainage and being a first floor unit? Why would I keep the place for all the possible liability risks and future costs to take in a measly $1,500 net a month when I could just sell it and invest $600,000 cash somewhere lol

What's that condo going to worth 10 years from now?