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I'm thinking of spending the winter months (3-4 months)in warm
weather. I'll live in my present duplex during other times. Is it
better to rent a condo in a warmer clime or buy one? I see the condos I
would like to rent cost between 2-3,000 per month.
Would it be better to buy a condo outright or pay rent? The places I
am looking it seems you can get a fairly decent condo for 250K. Its
possible in the future I might be able to pay cash for a condo. I
could rent it out for some time when I'm not using it.
If I buy, at least I'm tying my money up in real estate which is more
likely to increase in value. If I rent, I'm just throwing money down
the drain. Pls advise
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Rent or buy retirement condo
