It's property that you can own and sell...why not :dunno: I am sure it doesnt appreciate on the same level as a house...but :uhhok:

 

[insert "i can get a xxxx sq ft townhouse for that price around here" comment]

Congrats on the buy. How are the neighbors?

 

wow..saving 64k in cash is an impressive feat

 

traditionally condos/townhouses depreciate much faster when the economy takes a turn for the worse. however, it all depends on the mix of houses to condo/townhouse in a particular area that are available for sale.

 

that actually doesn't make sense. If economy turns for the worse (like it did this year), condos would still keep their value since people can still afford condos, and not much more expensive houses.

 

no that is just what you think not what actually happens. houses will go down in value and it will cause townhouses and condos to go down in value as well. just because people keep their condos/townhouses it doesn't mean the value doesn't go down.

you think if you don't sell your car the value stays the same?

 

What about values of homes in a PUD that are in sh1tty neighborhoods?