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Old 05-12-2022, 09:30 PM   #1693
GGG
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Quote:
Originally Posted by CliffFletcher View Post
You underestimate how much people value being able to handle those expenses independently. In my home I get to decide how to prioritize installing new windows, upgrading the furnace, painting the exterior, replacing a fence, etc. I can do them in the order I want, allocate the money to suit my preferences, choose exactly the options I want. And I can put sweat equity into the work.

With condos these decisions are all made collectively by people who may have different values. For a homeowner, something as basic as a new fence is much more stressful than regular home expenses because you have to wrangle with another household over the type of fence, the cost, even whether it needs to be done in the first place. With a condo, you have to wrangle like this over everything.
I don’t think I am underestimating anything.

I’m saying the way to two sets of costs are advertised and calculated into mortgage allowables result in one seeming more burdensome than the other and therefore people assess the difference poorly.

Certainly peoples preferences on the type of owner they want to be factor in but even when people factor that in the nature of how the items are compared will be done in non apples to apples to manner aside from a few diligent spreadsheet owners.
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