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It depends on how long you would intend to have the condo for?
If you wanted to buy it and sell it quickly, then you will not make that much $$$. But if you buy it and then live in it or rent it for 10 years you will most likely make a some decent money on it -- especially as you might be buying at a low ebb of the market.
Also -- if it is two bedroom, you might be able to buy the condo and rent one room that will then pay for (some) of your college education.
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