Condos Investment

The spouse and I looked into investing in some properties that were newly built in the city and we went for a viewing last week.  The open house was during the weekend and it was a nice little place – a little ways from the middle of the city and the price seems reasonable enough for us.

They said this  year is for the buyer’s or buyer’s market as they called it – but such a huge investment needs re-thinking and re-planning.

We figured if we buy this for investment for now and when we decide to move to the city – this could be our own home?  So it’s not really a waste if we don’t get to rent it out as often as we want.

What do you think?  a condo investment is a huge commitment – we have to tighten our belts and no more Louis Vuitton for me for the time being.