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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 22 May 2005 18:35:37 -0700 /

Author of the message: "bumblebee4451"

Title of the message:
Rent or buy retirement condo

Text of the message:
I am thinking of spending the winter months (3-4 months)in warm
weather.  I will 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 am not using it.
If I buy, at least I am tying my money up in real estate which is more
likely to increase in value.  If I rent, I am just throwing money down
the drain.  Pls advise
.



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