Is living in a condo considered a failure?

[Anonymous]

Anonymous wrote:Sigh.

The condo is fine. It's more than fine -- you don't have to mow the yard yourself.

Or replace the roof and clean the gutters. Condos typically also handle snow shoveling if your area gets snow.

[Anonymous]

I used to be like the others in your post who thought it was weird for people to live in a condo.

Now that I have become older, I realize that condos are really great They're typically located in much better locations, and there's a lot of amenities associated with them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sigh.

The condo is fine. It's more than fine -- you don't have to mow the yard yourself.

Or replace the roof and clean the gutters. Condos typically also handle snow shoveling if your area gets snow.

Also...finding reliable people to mow lawns is getting to be not so easy. YMMV.

[Anonymous]

Not all people are house people. I grew up on a farm and find nothing special about my owning a house, green spaces, and even animals. I don't even want to take care of a plant.
Make sure you invest the difference you save living in condo. It should make you feel better.
I'm renting right now after owning two condos. Had to sell because we moved. I'm asked all the time why I'm not buying. The question comes from the people who haven't done the math and believe owning is always better than renting. I did the math. Even 30 years of paying rent wouldn't make it up. The difference actually gets bigger favoring renting.
May 12th one of my investment accounts was $98k. One week later it was $123k.
Few people see what one gives up by buying.

[Anonymous]

I dream of owning a condo one day, we have a SFH that has quadrupled in value, but it seems like weekly I have to deal with things like replacing a sewer line. I just want to pay an HOA and never think about it. Or a tiny house somewhere. I don't see it as a failure at all, people need to MYOB.

[Anonymous]

No, it's not a failure, especially with prices as they are now.

[Anonymous]

I live in a townhouse but I loved my condo, would totally go back to living in one if I moved. Not having to do maintenance or clean many rooms is great.

To answer your question, no, it’s not a failure at all. Some people it may be all they can afford, but you can have a perfectly complete life in a condo. And the people that think living in a condo is a failure I don’t think are the type of people you want to have as friends.

[Anonymous]

Anonymous wrote:I dream of owning a condo one day, we have a SFH that has quadrupled in value, but it seems like weekly I have to deal with things like replacing a sewer line. I just want to pay an HOA and never think about it. Or a tiny house somewhere. I don't see it as a failure at all, people need to MYOB.

Weekly you feel like replacing a sewer line?

[Anonymous]

It’s jot a failure. But it is awful. Unless you live in Manhattan or Tokyo.

[Anonymous]

Anonymous wrote:It’s jot a failure. But it is awful. Unless you live in Manhattan or Tokyo.

I've lived in many houses in my life, some owned some rented, also apartments, at times owned a vacation house and a primary residence, lived in suburbs and urban areas and several different states. Right now I live in a 2/2 condo and it is the exact opposite of awful. It's awesome. Definitely not in Manhattan or Tokyo either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s jot a failure. But it is awful. Unless you live in Manhattan or Tokyo.

I've lived in many houses in my life, some owned some rented, also apartments, at times owned a vacation house and a primary residence, lived in suburbs and urban areas and several different states. Right now I live in a 2/2 condo and it is the exact opposite of awful. It's awesome. Definitely not in Manhattan or Tokyo either.

High rise? Can you hear your neighbors?

[Anonymous]

Anonymous wrote:We live in a city (not in the DMV).

Why not say the city?

It’s an anonymous forum.

[Anonymous]

I honestly miss my townhouse. Way less maintenance and more amenities. I had great neighbors too which was really nice. Anyone who thinks not owning a single family home is a failure is an idiot.

[Anonymous]

Anonymous wrote:Condos don’t appraise as well as houses.

Yes, we know that, but they're also cheaper and what's the point of buying a house you can't afford, even if it will appreciate faster.

[Anonymous]

Anonymous wrote:It’s jot a failure. But it is awful. Unless you live in Manhattan or Tokyo.

I've lived in condos most of my life, but stayed in a detached home for a couple of years. Not sure what's so awful about living in a condo. It was my experience that my condo neighbors were actually more mindful than my SFH neighbors about making noise because they knew we were sharing a wall.