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Real Estate
Reply to "Why do people buy condos?"
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[quote=Anonymous][quote=Anonymous]Even with incredibly high condo fees? Help me understand why…[/quote] I'm a single person. I'm not a house person. Where do you expect me to live? Had I bought a 1-bedroom 20 years ago, I would almost be done paying for it. Now I would only have the $900 HOA, $120 taxes, and $80 insurance. Still better than renting a 1-bedroom for $2000-$2200. The 20-year payment would have been same as rent almost. Locations and loving the building are so much more important than paying $800 or even $1100 for HOA. That's how hard is to find a good fit.[/quote]
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