Am I confusing you with another poster, or did you just buy the condo this year?
We bought the condo Oct last year so it's probably me you're thinking about. I didn't want to buy because of the downsizing, my wife doesn't like renting though and she won the argument. :) If we sell, we should break even because we bought a fixer-upper and one just sold for about 20k more than we have invested.
From a real estate perspective, one thing to think about is resale. (And you should always think about resale)
From what I've been told, anything that's 1br or under is a lot harder to resell than 2br+.
We plan on renting if we move again. However, in Midtown it's actually easier to sell a 1br than 2br because of the cost.
However...I made this sound like purely a financial decision. It's really more than that. I'm looking for perspectives that might address the downsizing issue. I won't likely save any money because I'd probably spend the same amount moving to Midtown which is right next to a large park and also nearby plenty of jobs.
I know this is MMM which is about early retirement often, but I'm at the point I could retire if I went to a rural area but I'm not ready to retire nor live in a rural area. My wife was and she already quit.
Thanks.