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Old 11-30-2005, 01:42 PM
destro destro is offline
Junior Member
 
Join Date: Jun 2004
Location: Toronto
Posts: 5
Default Re: Specific real estate situation

I would be looking at the condo fees. Normally the older the building the higher the fees. Party due to the fact that there isnt much to fix in a new building as opposed to an older one.
If they are higher then look at how that would affect your bottom line.

If you can wait, see if you can get a deal on a new condo/townhome thats in the early phases of development.

If the fees are close enough to the newer building then I think you'll be doing fine with the older building.

I can't see how you could lose if your there for 2 years
ie even if it goes down you've probably made some cash by saving rent. ( if the market crashs Id rather have the cheaper place because they tend to lose less value % wise than the more expensive ones)


Keep in mind I know nothing about the housing market in Atlanta but have experince with the market here in Canada.
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