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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm worried. There's a new-ish condo near me (in DC) that is listed for $15k less than the owners paid in 2018. Here's the sales history:
2018 - Sold for 730
2022 - Sold for 789
2025 - Listed at 730, dropped to 715 and sitting.[/quote]

Condos are a horrible investment even in the best of times and really not indicative of the SFH market. The condo I sold in 2004 in upper NW  resold for almost the same price in 2020.  Almost zero appreciation, but huge increase in the monthly HOA.   [/quote]

The advantage is 
Having a home you can't get kicked out of 
Having nothing to take care of
Part of your payment going to principle

The appreciation is less than single family but they have annual taxes that go up way more.

Hoa fees increase but less than maintenance, repairs, utilities, insurance of a single family home.[/quote]

+1 a condo that doesn't appreciate can easily be better financially than a money pit SFH. Really depends on the individual situation. Also, you can't always rent an equivalent. My friend has a condo she overpaid for and is worth less than what she paid 5 years ago, but it is so much nicer than what she was renting before. She loves living there. She's had the experience of renting in a building that converted to condos. Owning her condo means she can't get kicked out.[/quote]

I am trying to understand the logic here.

Are not the interior costs of a condo the same as for a SFH...or is the thinking that a condo's interior stands up better over time vs. a SFH?  If stuff breaks in your condo, don't you have to go out and find a replacement and fix it?  Also, what happens if your pipes break and flood the condos below...are you responsible for that (serious question)?

Don't condos also get hit with CapEx fees fairly often to pay for common area upgrades?

Certainly, all the Florida condo owners really wish they hadn't purchased a condo...at least one that is subject to all the upgrades and charges after the building collapse.[/quote]

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