Wednesday, April 13, 2011

Should this U.S.-based couple ditch their condo? Globe & Mail's Cash Clash

Jane, 51, and Ron, 54, Chicago

This south-of-the-border couple took a hit on the sale of their condo when the U.S. housing bubble burst. Now they’re looking for advice: She wants to trade in their urban rental lease for a mortgage, but he dreams of a life in milder climes. With rising taxes and elderly parents in the picture, it’s not so simple. Green acres or mondo condo?

Read the full story and my advice here: http://www.theglobeandmail.com/globe-investor/personal-finance/should-this-us-based-couple-ditch-their-condo/article1981492/

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