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Real Estate
Reply to "Why do people buy condos?"
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[quote=Anonymous][quote=Anonymous]Because we couldn't afford a house without moving far out and having to spend hours in our car every day. But our condo building's fees are pretty reasonable. It's basically what we would spend on water, trash, landscaping, and other external maintenance anyway. Our condo board is responsible and has never imposed onerous special assessments either. I would consider living in a high fee building with a lot of amenities in my old age because I think the extra money on fees is worth for things like a doorman, a mail room, a gym or pool, elevator, etc., when you are in your 70s. I think it can be a good bridge between living in a SFH on your own to assisted living as long as you're healthy.[/quote] If your condo doesn't have a lot of reserves,.the fees are going to go up if they haven't already.[/quote]
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