Currently living in Manhattan and paying 3900/month in rent. Was thinking about buying a cheap condo (e.g. https://www.realtor.com/realestateandhomes-detail/325-Lafayette-St-Unit-3202_Bridgeport_CT_06604_M44569-08970?view=qv ) with cash and recouping the sum within a year because of the fact that I will be remote working for the next 12 months. Does this make sense? Looking to move back to Europe so not keen on dropping much more than 100k which makes my options limited.
What are your thoughts? Thank you.
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source https://www.reddit.com/r/RealEstate/comments/j2bgtf/buy_100k_condo_in_bridgeport_ct/
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