I Would NEVER Buy a Condo in 2025
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What if you’re renting it out? How does it stack up against renting out a SFH?
HOA sucks and it’ll be hard for you to get a second mortgage for your next rental property if you wish to grow as a landlord.
My parents bought a condo and the fees just keep rising while everything keeps deteriorating
So now, u have opportunity because of others’ greed.
easy to say coming from a leaser of tens of properties
Maybe the worst advice this guy ever gave. A well maintained condo in SoCal beats owning a house every time
Condos are for rookies
@@eliramirez9958depending. A well placed and maintained condo beats a house any time.
Especially in SoCal. (Unless you’re mega rich) , paying $300 monthly HOA to have 0-maintenance responsibility is the ultimate inflation fighter.
I’d rather own a condo than a house.
@@metalcoreisgoodmusicmaintenance is not bad at all tbh hun, keep renting and buying condos I’m happy you think like that
@@eliramirez9958you’re right partially. I do think it boils down to where you live and what your goals are and where you’re at in life
I’ve done condos and single-family homes in several cities (Los Angeles, Orlando, Oklahoma City, and Las Vegas). The house has always been a better deal in the long run vs. the condo.
If only I could get a SFH for less than double the price of a condo in the city.
Condos were never ever a good investment, only fools buy them 😅
You buy a condo because you live in a city and all new constructions are townhouses or condos and you don’t want to drive way out or close by to a shtbox
Exactly!!!
People expecting capital gain! People see and feel their parents property price sky rocket! People feel they could do the same.
You shouldn’t buy your primary residence as an investment opportunity. If you want an equity position in your residence but don’t want to deal with the constant maintenance and upkeep associated with a single family home, get a condo. Yes, you likely won’t have as much of a return if you sell, but you’re saving yourself like 100 hours of labor each year.
I’ll be real—after finishing Nixorus by Dorian Caine, my first thought was "how the hell is this book even allowed?" It straight-up ripped apart everything school, family, and society taught me about money. No fluff, no motivational clichés, just hard, raw truths you won’t hear anywhere else. Now I get why this book isn’t mainstream—it’s too real. If you find it, grab it before it’s gone.
Speaking for SoCal. Renting is in fact…..not a good deal here.
The condo that started out worth less than the house is still worth less then the house now. No way!
The monthly rut is higher than a house of the same price. They also tend to underperform on a % basis based on purchase price.
What about a townhome?
It may be cheaper now but then you have no equity
Us defaultism