Yea that's the part that's taken me forever to figure out - taking into account
all of the expenses of owning a condo and comparing it to renting (since the latter is much more straightforward).
I actually didn't expect it - but if done right (i.e. if you can afford the downpayment), the monthly expenses for the condo (mortgage + condo fees + taxes etc.) come to something comparable to an apt of equal "value" - my numbers show +/- 50-100$ difference between the two. Even if it's 100$ more per month for a condo I'm ok with that since I will theoretically recoup more from flipping the condo after 4 years - since the $ for mortgage interest (money down the drain) << $ for rent (which all goes down the drain... sortof). This isn't a crack at renting at all - I've been renting for the last 2.5 years
😀.
And also - I really
really don't want to deal with roommates (again). The only roommate I'll deal with is a female; who is sharing my bed

I'm not really anti social at all; but I just want to know when I come home that it's my home you know? With a roommate it always felt shared and I couldn't really call it home. (Yes I know I'm weird)
And yea - I've been commuting for years now. Hate it. I've wasted enough of my life commuting - I want to live close! Definitely paying a price premium for it (renting or condo wise) - but such is life. I'll just have to figure out a way to sell the condo to some rich MBA kid 4-5 years down the road
And that's also one of the reasons I want to live in rittenhouse sq - it is really a BEAUTIFUL neighbourhood! I really wanted to get a studio condo - but those are going to be impossible to turn around and sell
🙁
On a side note - really hoping I win the mega millions lottery because life would be a lot easier with an extra $54 million