Reported about 4 hours ago
Real estate investor Graham Stephan warns against condo investments, stating they often underperform compared to single-family homes. He argues that homeownership benefits include land ownership and consistent mortgage payments, while condos come with additional costs like homeowners' association fees. Additionally, he highlights that renting is currently more affordable than buying a home due to high prices. Stephan suggests waiting for a market downturn before making real estate investments.
Source: YAHOO