Mary asks…
Buy or Rent a Condo in Florida?
I am on the fence whether to buy a condo or rent one... With the housing market in the condition it is in right now, I am looking at a condo which is valued at $160,000, going for around 115,000 in the Treasure Coast area of Florida. (HOA fees per month = $250)
To rent out a similar unit it would cost around $725 a month.
I am a college graduate, and to tell the truth I am not too sure if I will be staying in the area more then a year, unless I like my job.
Any advice would be greatly appreciated... I luckily don't have any
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