UnThreaded | Threaded | Whole Thread (33) | Ignore Thread Prev | Next
Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59831  
Subject: Re: intercst a Homeowner Date: 10/17/2012 1:55 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
workwayless writes,

Welcome to the dark side! I bought a condo from FDIC 20 years ago on the cheap. Always said that decision was a big factor in helping me reach financial independence.

How has your condo done appreciation-wise over the past 20 years?

When I first moved to Houston in 1981, half the apartment complex I lived in was converted to condos. You could buy a 640 SF 1-bedroom unit for about $45,000. I took a look at that complex today (31 years later) and you can still buy that 1- bedroom unit for $45,000-$50,000. And it's a decent enough place inside the Loop about a mile from the Galleria Mall.

intercst
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (33) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Apple

Apple and Ninety Years Ago
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement