this post was submitted on 20 Sep 2023
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That's why I'm saying starting with a condo makes a whole lot of sense, it's the compromise between the two, but it seems less and less people want to start small to be able to afford something bigger later... My friends are just staying at their parents' or in their authentic instead, even if they have more than enough money to afford a condo, but not enough for a house 🤷
Having owned a condo - I can't honestly recommend them.
You're beholden to an HOA in every way that can charge whatever they want.
I was paying $600/month for a green pool, a broken grill, and an 'unassigned' parking spot.
My place flooded 7 times in 6 years due to 'unforeseen circumstances' with no recourse because there is no way of knowing which of the 15 units above me leaked, or if it was a central pipe.
It sucked dick
You realise the HOA is... the owners...
And I call bullshit on the no recourse, insurance companies would never have let it fly because the owner responsible is the one who's insurance would have had to pay for the damage.