I bought a condo some years ago after renting it for a while.
At the time, the interest rates were ridiculously low, and I thought to myself, “I really should have bought something bigger.”
Now, I’m really REALLY glad I bought a modest place that I could afford. Also, I hear confliciting things about condo resale values. For a while I heard they were harder to re-sell, but now I’m hearing many people may desire smaller abodes because of the economy, so their value will go up.
I don’t care though. Being that I find financial and mortgage transactions evil, I plan to die here.