Asked by Jen S., Dallas, TX • Mon Nov 19, 2007
What is the industry's opinion about townhomes? If we are looking into buying a place to live...but as an investment, how are the townhomes that are in 'urban-like areas' as investments? I am talking specifically about Frisco Square. I realize in general, townhomes are NOT a good an investment as a house, but I think they will be a great investment with the prices going down...and with all the things you have access to! My husband thinks that 1) townhomes/condos are NEVER a good investments (I agreed w/ the ones that are just townhomes...but I think it's different for townhomes within a 'square' community centered location-like Southlake's townhomes) and 2) it's value going up is uncertain...better to go with a traditional home...which will almost always go up...especially in regards to the rate of it going up.
Is my husband right? Should I give up this idea of moving into Frisco Square?
Any information you can give me would be greatly appreciated.
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