Re: Buying property...question?
I bought a 2200 SF townhouse in 99 and it has definitely appreciated the same as single family homes in the area. I was living alone when I bought it and didnt want to deal with maintenance. My mortgage is about $1500 and my condo fees are $215/month. Taxes and insurance are included in my mortgage. My complex is a Planned Unit Development and only a small number of units are allowed to be rental units.
The only downsides are having immediate neighbors and dealing with condo meetings where a bunch of people argue about really stupid shit for hours.
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