Question:
“Hi Gary, I don’t really want a condo. They’re not a good investment, with the homeowner fee and that they don’t go up in value. A house is a much better investment, don’t you think?”
Answer:
I hear that all the time, and I would respectfully disagree.
Of course, you have your personal preferences, and that may be a good reason to buy a house over a condo.
But in the long run, on average, in a given neighborhood all real estate appreciates at about the same rate.
