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stuck between buying a condo (downtown nashville, tn) or continuing to rent & invest.

34, single. about $740k in retirement (401k, mega backdoor roth, backdoor roth, and brokerage). $250k in a money market account (emergency savings + down payment savings). income is $150k-250k, depending on the year.

currently renting for $1800/month.

considering a condo in downtown nashville. would put $100k-150k down (20% minimum), leaving $3600/month between mortgage/insurance/hoa/taxes.

considering the current market, appreciation expectations for a downtown condo, etc...

would it be financially smarter to keep renting & investing? i'm out roughly $22k/year in renting costs, but i'm able to invest everything else, making 10% interest.

submitted by /u/europeanuppercut
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1tmm38d/stuck_between_buying_a_condo_downtown_nashville/
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