My son is looking at paying rent vs. buying a condo in Waikiki where he works & plays. The best value to rent would be 1500 for bare minimum - and no room for mom when I come to visit :-). We've seen listings within our budget - 500k for a 2/1 or - ideally a 2/2 & the rent-to-purchase value can be made to work. Problem: the uncertainty of HOA & other fees is my first & major concern. These fees could easily start out as the equivalent to my son just staying a renter. I know condos don't appreciate much. Does this sound like at least a break-even real estate purchase? He's been there 3 years & has no plans to leave - but...he's 30 ;-)