I am 58 and considering buying a condo. Rent in this city is rising and I think a condo might be a good thing?
I have 32,500 in alimony for life and my income through work is 25K. I invest 10K a year in a roth and live on the remaining. I currently rent with a daughter at $1235 a month. Our lease is up in August and my daughter wants to live on her own. Considering my needs, rent will be $900.
I have 100K in cash to work with. I want to semi retire at 65 so that may be something else to consider.
Any thoughts out there?
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