Quote:
Originally Posted by Hondaracer
Most people would be better off renting.
Previously you “got your foot in the door” on a condo to have a roof over your head and build equity. Even a couple percent a year you’d probably feel ok
It’s impossible to predict the future in R/E here however, could you honestly buy that place I posted above and have any expectation of building equity?
$800,000 for a 6th floor unit with a $448 per month strata? lol
And as I said, there are MINIMUM 6-8 more buildings to come within Brentwood.
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With those prices I feel like you'd have to be operating on a verrrrry long timeline for buying a small place to get your foot in the door to actually have saved you enough to cover the realty fees for the condo. I doubt it makes sense to get a place you only plan to live in for 2-5 years like it used to.