I’m a 25M considering purchasing a condo instead of continuing to rent as I believe it fits my lifestyle, I don’t want my housing costs to increase due to ownership (which would definitely happen if purchasing a single family home just due to how much more expensive they are right now).

My alternative was to buy a duplex and rent half out but it seems there are not many available in the area I am looking for a price point that would make sense; when I say make sense that if I were to move out, I would have to rent out both units for more than the avg rental rate in the area to match the mortgage and maintence. In short, they are priced too high to cash flow.

I know for the former, there are many cautions with condos; dealing with neighbors, HOA (fees and the management itself), lower ability to sell. Not sure if these outweigh the positives.

My other option would be to continue to rent.

Hoping some of y’all have prior experience or cautionary tales. Thanks!