Quote:
Originally Posted by Calgary14
I really hope anyone looking to buy a condo as an investment reads this thread....
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I figured a comment like this was coming. Admittedly, this can be a downside to owning a condo.
There's no way to 100% protect yourself against this type of thing, but getting a condo assessment and inspection done before you purchase can minimize your risk.
And aside from that, detached homes can come with large, sudden expenditures as well.
Sometimes life costs money. Although I would say this case is an extreme one, I feel for the OP!
Is there an investment that doesn't come with risk and still offers a worthwhile return? As detailed in the other thread, the right condo with the right situation can be a good investment. Make the wrong choice and it can be a disaster. Just like with any stock.