Skip to main content
No. of 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.

Print the post  


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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.