“(since you are building equity), ”
you are not building equity on any condos in CA.
Just go buy it. An IO loan condo is something we would all like to buy on the downcycle from the/ur bank.
While someone thinks that it is ok if they bought while it is losing money, you still have to make that monthly payment as that sucker goes down (could have payed less and saved). All 3 townhomes (IN A ROW) where I lived let them go and bought a home cheaper than what they owed on their townhomes in 1995. My dad’s was one of them. Sounds like a troll post anyways. What are you missing? Everything!
