Quote:
Originally Posted by bizaro86
Condo fees also include a provision for maintenance, which isn't part of the calculation for a single family home. Maybe it should be, but it doesn't seem fair to calculate maintenance/water&sewer/landscaping as costs for condo mortgages but not house mortgages.
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Maybe, but the purpose of the exercise is to see how much a person reasonably can borrow. Seems to me guaranteed expenses like condo fees should be included