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QUOTE(orvillescelica @ Aug 28, 2006 - 6:44 PM) [snapback]473866[/snapback]
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QUOTE(saleeka @ Aug 28, 2006 - 2:28 PM) [snapback]473834[/snapback]
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Just a little FYI, but townhomes and condo's rarely make good investments... "lifestyle" homes need a buyer with the right kind of lifestyle... I can't name too many people who dream of owning a property with a shared/no outdoor space

I dont know how the market is over there, but here in Seattle condos and townhomes are the fastest selling real estate there is. They are not only "trendy," but space and cost efficient. With very little space in the rapidly growning cities, and the majority of the homes available being built around 1910-1930 (2 bedroom houses going for 500K+) requiring major renovation in many cases, living near the city and owning for a single person or couple means townhouse or condo. And most houses in the seattle area do not have garages (and if they do, usually only a 1 car) or more than a small strip of lawn. A townhome gaurntees you a 1 car garage at least, and condos in the city are walking distance to everything you could want.
+1, saying condo's rarely make good investments is just plain stupid. There will always be buyers and sellers. And owning a condo can be as good as good as buying a house, the payments will be alot less, and you can always sell the condo later on and use the money for a downpayment on a house that you didnt have the before.
This post has been edited by bloodrain: Aug 28, 2006 - 6:53 PM