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Need all the positives for purchasing a condo as a first time home buyer.

The youngest of my adult children is looking at Condos in metropolitan area in the Southeast U.S. Due to the unbelievable cost of home ownership compared to earnings currently, that’s all this adult child can reasonably purchase. He has saved $50K for the down payment. I know the drawbacks such as less appreciation than townhouse and SFH, and HOA fees and possible increases. I want to support his decision and support the decision wholeheartedly. For him, I believe it’s a sense of accomplishment. TIA.

submitted by /u/Carpetdime2024
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source https://www.reddit.com/r/RealEstate/comments/1o3szzs/need_all_the_positives_for_purchasing_a_condo_as/
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