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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
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