Quote:
Originally Posted by Stormspirit
Investment wise real estate, if you had 400k, would you buy a brand new Condo or a House in terms of renting it out and waiting for it to rise in value, which one would gain you the most money in the short and long term?
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Hmm... is it just me? or does it seem like $400k is quite a small sum these days for RE purchase?
I really don't know how much you can get for such a small amount. Something in the 500 - 600 sq ft, 1 bedroom range if it is in Vancouver? Or if you move out to Coquitlam / Surrey, that can probably get you something in the 800+ sq ft range.
And if you want a house for that... well... I don't even know how far east you'd have to move. Maple Ridge? Mission? Abbotsford / Chilliwack?