Quote Originally Posted by z28pwr
I was looking around and saw that there is an 850 SQFT condo in Fountains Condominiums which they are trying to rent for $650 and says negotiable therefore If we assume that the one for sale would rent for $850 a month then it would be a wash since you will pay close to $850 for that condo after taxes, hoa & mortgage and considering the low appreciation rate you are much better off buying a home, specially since in 5-10 years as the rent may increase so will the HOA dues and yes eventually after 30 years that condo will be yours but you would have been better off getting a home since the average HOA of a home is much lower. If it didn't have such a high HOA it would definately be an investment but I think the high HOA kills it. Just my point of view.

i see your point, its not for everyone. houses are a smarter choice for the majority of us but for someone im sure thats not a bad deal