It's a great question, especially as single family home prices have skyrocketed. Before buying a condo (or any investment), here are three goals to consider:
It's a great question, especially as single family home prices have skyrocketed. Before buying a condo (or any investment), here are three goals to consider:
1. Can the rent cover your mortgage, plus 5-10% costs, plus the HOA fee? To make it a sensible investment, you want to cover your financial bases.
Now that it's cold out, we're all about to spend a lot more time in front of our TVs. If you're like a lot of people, one type of show you'll watch is the "tropical house hunter" genre. There's nothing like cold weather to make you fantasize about moving to Costa Rica or the Mediterranean. Makes you wonder why all North Americans don't just pack up and go? Turns out, there are a lot of reasons:
Remember how 2020 felt like being muffled inside a cotton candy ball? By comparison, 2021 has felt like a toboggan ride down a bobsled track. Once we started getting the shot, we wanted to get back to normal as fast as possible. But it's clear that 'normal' isn't what it used to be in the real estate market. Going into 2022, what can we expect?