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The big issue is that condos come with a bunch of additional issues surrounding mortgages. Along with very different maintenance models. It's one of the hidden
by enjo 4y ago
The big issue is that condos come with a bunch of additional issues surrounding mortgages. Along with very different maintenance models.
It's one of the hidden problems of the housing shortage: condos are very difficult to get financing for which artificially deflates the market for them. Which means that our best form of housing in terms of the efficiency of building units isn't terribly attractive to actually build.
- alistairSH 4y agoAre condos really the best form of housing? I’d guess apartments were better, in as much as the build cost is similar, but the resident has far more flexibility. Owning a condo when the building hits ~50 years old or so is problematic because of the massive influx of cash needed to replace mechanical systems (or worse).
- ghaff 4y agoRenting is always going to be more flexible/mobile. But you can also be kicked out at any time, your rent can often be raised somewhat arbitrarily, and you're probably limited in the degree to which you can modify your unit. (And you'll always be paying rent.)
- deleted 4y ago[deleted]