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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Condo fees are an absolute scam. Most of it goes to unnecessary bloat and management company profits. Don't let anyone convince you otherwise.[/quote]

Yeah, no. The balance sheet doesn't lie. [/quote]

I mean this might be true in some condo buildings but if you are buying, you just request the budget records from the condo board and can see for yourself. In a well run building, the fees will cover necessary overhead plus a small overage to account for emergencies (sometimes in newer buildings there will have been a capital investment by the initial owners to build up a reserve), and that's it. If a condo fee is going to pay for massive management fees and unchecked expenses, don't buy in that building.[/quote]

it's quite like that. the documents are useful, but whether "the building is well run" can change over time. i lived through several iterations of board and management and the differences (and our fee growth) were very significant.[/quote]

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