Quote:
Originally Posted by 325bim
Tough call in your area for real estate, where 1 bed condos go for 1 million, 200k to lockup on a down payment may be better served invested. However, some other things to consider, interest and property tax deductions. Here in mesa, I bought my house 4yrs ago at 400k(80k down), its worth over 500 now, so that’s a better rate of return, than I could do in the market as a casual investor.
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"Casual" investor being the key word there I think. Fire and forget vs wire guided so to speak. I'm looking at dropping ~$150k down for a (hopefully) ~$800k-$850k 3 bed, 2 bath townhouse with a 2 car garage and low HOA - and I'd consider that a steal for the area. But, in all likelihood, that'll be worth $1,200,000+ in the next 5-10 years.