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Old 02-19-2008, 01:23 PM
 
Location: Land of 10000 Lakes + some
2,885 posts, read 1,511,755 times
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Before renting, you can always ask tenants how the management is.

For example, when my friend was renting she learned that the tenants stayed until they either moved to a house or out of state because the management was so good. Her neighbors were a middle-aged couple who have now been there 15 years.

Last edited by Lillietta; 02-19-2008 at 01:57 PM..
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Old 02-19-2008, 01:52 PM
 
1,861 posts, read 3,024,252 times
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I bought a condo 19 years ago, and it was the best thing I ever did. Of course, the price has gone way up since then - if you stay somewhere long enough, it WILL go up.

The tax break is one of the top reasons to buy. I get so much back every year because of real estate taxes and interest on the mortgage.

Where I live, in any case, (Boston area), it would be more expensive to rent than to stay where I am. So, I don't have much choice. I couldn't leave unless I bought another condo.

And, mine is in a Victorian house, in a neighborhood of all beautiful Victorians, near the water. It's not for everyone to own in a very old house - 112 years old. It takes a lot of work, but we have it in good shape now.

I'm getting older, though, and would like a more modern place with an elevator!!
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