Should I buy a condo in south florida, or just continue renting?
Posted By admin on March 13, 2010
Should I buy a condo in south florida, or just continue renting?
I just entered graduate school last fall. it’ll 4-5 years to get my PhD there. My current rent is $400/month (1 bed in a 4b4b). Am thinking to buy a 2bed 2 bath 1 garage condo. It could cost $50K, and monthly payment could be 650+(HOA,TAX,reserve). Should I buy the condo, or just continue renting? I don’t know if the price of condos in south FL have bottomed or not, I don’t know if I could sell it easily or not in 5 years? Am I gonna lose money or make money? When will the real estate in south FL rise up? Please give me some advices, anything in your mind will work.
Thanks a lot!

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