Quote:
Originally Posted by afc wimbledon
Would never buy a condo or a townhome, if you don't own the dirt it stands on you don't own a thing.
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The owners of a condo own the land in proportion to their overall interest. So if your unit has 1/20th of the unit factor in the building, you own 5% of the land. There is an argument to be made that 1/20th (or whatever) of a lot in the inner-city might be a better investment than 100% of a lot out in the burbs that was recently converted from farmland.