After reading this article in the NY Times, I can feel better about my idea that investing in an apartment/condo might make me more money than a detached home. I guess it all depends on location.
Some of the comments I liked:
" 'You can't get younger, so what's the next closest thing?' Mr. Brush
said. 'Getting cooler. How do you get cooler? You move to these urban
communities. There's more activity, there's more entertainment and
restaurants.' "
"Those of us who are 60 are thinking of cashing out, moving into the Ritz tower and getting our meals brought to us."
Why can't you be 25 and get your meals brought to you in your cool condo with a great view?
Oh, right. You are poor at 25 and eating ramen noodles instead of takeout.
I'll just enjoy my view of the rats outside and the people waiting for the bus while I drink my Michigan beer and save for that condo. Livin in the moment.