this post was submitted on 11 Jun 2026
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Actually Infuriating
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Not always true. I bought a condo in 2021 since that was all I could afford within commuting distance from work. My condo has actually lost value in that time, while SFHs in the area have become even more expensive. I hate my HOA, but now I'm basically trapped here, hoping the market turns around soon so I can sell without taking a major loss. I'm ready to go back to renting.
Nothing is "always true", especially in the short term. Condo prices generally rise, but they occasionally fall. So do SFH. In the long term, the generalities tend to prevail.
Before you go back to renting, take a look at what you would have lost in the same time period had you chosen a rental instead.
If you can't afford to live where you're working, it might be time to look for a new job in a market with a lower cost of living. The premium you pay on costs associated with your current employment very likely negate the increased compensation for that job. Taking a pay cut can increase your net earnings and standard of living if it allows you to live somewhere more affordable.