Quote:
Originally Posted by Sliver
BTW, when we're talking condos, do we mean the buildings that are like apartments where everybody walks into a main entrance and then scampers off to their individual unit (kind of like a hotel)? Or are the attached buildings with their own individual entrances from outside directly into the owners' units also considered condos in this conversation? Have both types of properties lost value over the past 10 years?
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Technically both types of properties are typically set up as condos, as the ownership structure is what defines them as condos. However, the attached property with it's own entrance I'd call a townhouse or attached property. Those are definitely going up in value. In areas around downtown there are even bidding wars for townhouses.