so i have money... now what?

[Abbaddabba]

Ive got 80k on hand. I expect to be making about 12k a month USD. I have nothing to spend it in, and i have almost no expenses.

I want to get my 8% a year.

I also want to get my own place though. I was looking at condo's. What kind of capital gains would i expect from that type of real estate?

[Thremp]

You got 2 questions.

1) Invest it. There are several ways to do this. You can buy investment property, stake your retirement, put it in the stock market etc.

2) This is like a must do in most places. Getting your own place is needed. So yes I agree.


Could we get a location and price of what you plan on spending? Like if you are in the Bay Area and want a 600k condo... Well thats less feasible than a 200k condo.

[Abbaddabba]

I live around toronto.

The area im looking at runs about 200k even for a 750 square foot unit (one bedroom) or about 230k for a 2 bedroom.


Im more interested in knowing how much a condo appreciates in value than anything else. Ive heard from some people (who im not sure if they know what htey're talking about) that condos appreciate less than does land based real estate.

I could save up for a more substantial purchase like a house if that figures to be a significantly better investment (and guy other securities in the mean time with the money i have sitting idle).


Also - is buying new a good, bad or irrelevent investment wise?