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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (283434)	10/14/2010 2:36:29 PM
From: tejek	Respond to of 306849

I bought my first condo in Austin following a local RE bust. My payment and HOA fee combined was cheaper by a third than the rent I had been paying, and the place was much bigger and nicer too. I rented it for nine years after moving to CA, and finally sold it for four times what I had paid. I wish I'd kept the place! In some markets condos lag houses markedly in terms of appreciation and can be hard to sell. Having said that, if someone is thinking of buying a condo in the next 12 months, this is the time to do it. You did very well on your Austin condo.