February 13th 2023
U.S. News & World Report
For years, the rule of thumb has generally been that buying a home is a smarter financial decision versus renting, especially if you plan to own the property for more than five years. This has been the case because you can deduct mortgage payments and taxes from your income tax, and home price values tend to increase over time, as opposed to rent payments which accrue nothing in your portfolio. With a condominium, it’s no different.
However, the current real estate landscape has put a wrench in that thinking, and not all homebuying scenarios today make as much financial sense as renting.
https://realestate.usnews.com/real-estate/articles/is-a-condo-a-good-investment