When would you say it’s better to rent versus buying a condo in a medium cost of living city? Is it just a matter of holding costs versus long term costs of owning a condo?

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Buying always wins financially.

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I think the math says that if you assume 0 appreciation, then buying makes sense if you hold for 5 years

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I thought about this too but it got me thinking how I can afford rent when I’m retired.

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Buying a home is always better. A condo is more risky because of fees and choices of other condo owners and how well run is the condo association can have a huge impact on your overall costs.

So, it’s always better, yet you give a large list of why it may not be better for a condo…

Totally depends how long you plan to live there. If you move within a short period of time you’re going to be hurt by closing costs to buy, closing costs to sell, and realtor fees to sell.

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