Reply to If you have a high(ish) budget/income but no desire to maintain a large home

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]i despise condos because the fees go up all the time to the point they are not sustainable[/quote]

The fees go up as the building ages.  Because you have to maintain it.  If the fees don't go up, you would get stuck with a large special assessment because you haven't been maintaining the bldg properly.

So just like a 25 yo home has more maintenance costs than a 2 yo home, so does a condo bldg.

[/quote]

Condos Shit the Bed just like houses. My condo built 1979 had super low fees from 1979 to 2006. Around 2008-2014 it need new roofs, new fencing, sidewalk repairs, repave parking lots, new gutters, undated lighting, power washing building, repairing hand rails, painting trim. Building in 2018 had to take a ten year loan and raise common charges. Guess, what. Like a house it is a ticking time bomb as all that work done 2008-2014 is now 12 -18 years old. The building ran it into ground last time and place looked shabby by time overdue work done, I bet by 2030-2035 it all has to be redone again, no different a house [/quote]

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