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Unless you have a crazy amount of money to burn I'd suggest that you buy both with a mortgage (assuming you have the income to do so) and then rent the one you'
by thorin 5y ago
Unless you have a crazy amount of money to burn I'd suggest that you buy both with a mortgage (assuming you have the income to do so) and then rent the one you're not living in. It's pretty common for Scandinavians to have a place in Spain or Portugal or as far as I'm aware for Americans to have a regular winter holiday in Central America. This is on the assumption that you think that both properties might appreciate over time, so even if you don't pay down the mortgage much your will still make money.
- 999900000999 5y agoThat's not a bad idea. HOA regulations in the United States can often limit rentals, so I'll have to investigate. Another option would be to just live in the condo in the low-cost City for 10 months of the year and then taking extended vacations in the other City. I don't expect the homes to significantly appreciate over time, but I do expect them to at least beat inflation. People are always going to need a place to live after all