The most important lesson we can all learn is to always explore all our options before making any decision. It seems like a basic enough rule, but often times we end up forgetting about it when we are making important decisions in our life, which in this case is acquiring real estate. A lot of us just think that permanent property ownership is limited to houses and that acquiring a house should be a part of our list of goals to achieve when that actually should not be the case.
There are now other options to invest in real estate, and according to current trends in real estate, the purchase of condos has been on the rise over the last two decades. In fact, the growing demand for condos is only predicted to increase over time, and this is why there are so many new condominium projects like Linx Condos being launched in order to meet these high demands annually.
People can blame the housing crisis and the economic crash for this, and while that is also true and does play a role in this shift in trend, it is also important to remember that people’s needs have evolved. Society today is nothing like what it was some 60 years, ago and given how different things are, people’s needs and expectations have also changed drastically, so a house in the suburbs is seen as more of unnecessary luxury and more of a burden than a need like it once was. People are lot happier living in apartments, and for people who want to acquire permanent property ownership, buying a condo is more than enough for them. So, if anything, houses are now considered old-fashioned and as a secondary option because condos have now established themselves as the better option.
