Buying a house

[unit731]

"I have also sold my condo, making a clear profit of 7% over my buying price."

 

And over 3 years. Wow! Now that is a dang good investment, eh?

 

Never mentioned taxes, condo fees, repairs, improvements, etc.

 

Yes, as stated above, a good Treasury Bill will pay more than this in a 3 year span.

 

Almost all who state they "own" state how wonderful it is.

 

If you have a lot of money to dispose of without any harm to your long term lifestyle - then great.

 

But for most, this is the one home they have. And to me, it is too much of a gamble.

 

But the advise above that states: Rent for a year or two to learn the area is good advice.

 

Unfortunately, too many jump and buy into something they have little knowledge of.