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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In my condo, I own a percentage of the building based on my square footage as it is only an 8 unit condo. I think it just depends on the condo building.
Quote:
Originally Posted by Mass_nerder
It's great to be able to get closer into the city, in a more desirable area, for a lower price, but when your 'home' value relies closely on upkeep you have no control over, and you're paying 1/3 of your mortgage payment in condo fees monthly, is the cost really worth it?
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Personally I find that, unless you have a Property Management company manging your condo, condo fees are pretty reasonable. A large portion of these fees go towards utilities and home insurance. Again, it could just be my place.