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Reply to "Why do people buy condos?"
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[quote=Anonymous][quote=Anonymous]One thing that SFH owners don't discuss very often is that sometimes you move in, and discover issues that cost $100K or more to fix -- structural problems, flooding, etc. In states like VA where the seller can basically disclaim everything, it's a big problem. Big-ticket items can happen in condos too, but when people talk about a special assessment that might happen every 15 or 20 years, or a big fee monthly fee increase, sure it's a lot of money, but it really pales in comparison to SFH maintenance.[/quote] This is very true. Though if you have the cash flow to cover for this, it can still be worth it because of the long term appreciation of SFHs especially in this area where SFH land inside the beltway is finite.[/quote]
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