As a General Rule, Its smarter to build up your own equity on being a Homeowner. Instead of putting your hard-earned money in renting.
However, there are some things to consider:
1. The location of the House versus workplace.
2. Size and amount of the house. If the monthly payment is similar to renting a condo space. Might be smarter to buy instead.
House Hunters - 1999 A Young Woman Wants to Buy a Condo in Minneapolis and Rent a Room to Her Best Friend 68-5 was released on: USA: 8 October 2012
Whether or not it is better to buy a house or a condo will depend on what type of living space is being looked for. A house will usually give some privacy and is not connected to another building. A condo is always connected to another apartment and less privacy is available.
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It depends many factors such as money you have, consistent money flow, whether you are going to stay permanantly in that place etc. If you got good amount of money and going to stay permanantely in that place better you buy the house otherwise better you rent a house.
It depends on your location. In some places home prices are actually down right now, so if you can afford to buy then go for it. It's better to pay a mortgage towards something you'll own oneday than pay rent on a house that's not yours.
House numbers!
There are several ways to rent or buy a condo in Lake Chapala. If you want to visit for a month you can find an apartment to rent anywhere from $600 - $1000 USD a month. There is currently a development that offers Condos as a "Fractional Ownership" starting at $30,000 USD. What this means is you can buy a 2,3,4 month... fraction of a condo and own it for that period of time, titles to your name. Here is an example of a condo available in Ajijic based on Fractional ownership
If you own a condominium, you may be able to rent it, depending on your governing documents. Your board or association manager can help you follow the process defined there. If you are a tenant looking for a situation, a condominium may be an option. A local realtor can help you.
If you buy a house, you can begin building equity and you have an investment that can be sold if you wish. Renting does not give you such benefits, but is nice if you need a short-term place to stay.
No, she lives with her family, but i read somewhere that she is going to buy a condo
You can buy a condo by going to websites such as Craigslist and finding available condos for sale. In addition, you can see the newspaper to buy a condo.