Quote:
Originally Posted by Choker
Bad bad idea. Condo market got hit 5 times worse than single homes and experts are predicting that they will never recover and in fact depreciate much more. Condo associations are having to deal with not collecting fees due to all the foreclosures etc and thus they are run down, further depreciating the units. . You can buy a 2/2 single home for less than 100k.
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To add to what Choker stated ... Many condo owners have walked away from their units. Filling in are squatters, temporary renters, low life renters and empty units without power. So you may live next to non unit owners, people that don't care or mold farms.
That's not true everywhere but the odds increase the further you are from the water.
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