Condos are extremely high risk right now, as you're dependent on other owners within the building to keep up their fees, and if they're stretched, condo fees are the first thing people stop paying. There are a number of single family homes within walking distance of the Ballston Metro station, for example, that are selling at about $500K, which is considerably less than what they're asking for two bedroom condos in the area. Of course, you won't get granite counters and a number of the homes in that area still have radiator heat, but you won't have to worry about the condo market crashing with you in the middle, helpless to maintain your property. Just something to think about.... - Thu Mar 27 2008, 23:21
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.