The building could collapse, be condemned, there could be any number of natural disasters. You can end up in a situation where you owe a lot of money on the mor

The building could collapse, be condemned, there could be any number of natural disasters. You can end up in a situation where you owe a lot of money on the mortgage, interest rates move up, and the value drops, so now you can’t move. If something major fails with the building, a repair bill could be so large that you have to take out another mortgage to pay for it, no matter your current financial situation. Plenty of significant problems with condos that can force you to be kicked out. Most of all, incentives are misaligned. Condos are designed to be marketed and sold. I’ve lived in several high end condos, as well as high end apartment buildings, and the apartment buildings always were built better and didn’t have weird custom made shit breaking.