only backgroundI'm a wife, mother and grandmother. I'm opinionated. I contradict myself frequently. Most of all, I love my kids. I believe in them. I fight for them. They're weird and wonderful. If you want to know more, here's a bunch of other stuff from my old site.
Purchase Land Or A Condo?
- by Marisa
- August 3, 2007
Oh, to be 25, single and living in Hawaii! That would be my son, Jesse. He’s a great guy, very talented and a hard worker. He’s doing well in Hawaii but he’s faced with a decision regarding housing. Should he continue to rent, Purchase Land or buy a condo? Such a quandary!
Land on the island is quite pricey and will only go up in value. It does require a huge commitment, though. A condo is more affordable but also comes with more rules and regulations. Renting right now is month-to-month, requires no commitment but also is like throwing money away. You have no equity in the home you rent.
I’m not sure how to advise Jesse right now. My heart tell me land. It’s the one thing that can’t be manufactures when we run out of what’s already here. And yet, that’s a big investment and huge commitment. So, what do you all think Jesse should do? How about if he just sends for his mom to come over and ponder the possibilities with him?
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hmmm buying land or buying a condo…if he goes with the land and a developer comes along interesting in purchasing he might be able to make a nice profit, on the other hand if he buys the condo he could owner occupy build up equity and sell it. If he’s able to buy both that would be good
You should go and ponder it with him lol
Yeah, I’ve offered to come out there and help with all kinds of things. He just laughs.