Condo perils explained

Condos have grown to become a major habitat of urban centers across North America. Touted as a housing alternative with a care-free lifestyle, they have become very popular, especially during the last 10 years or so. Single people, childless couples and retirees seem to be particularly attracted to them, mainly because of convenient amenities in and around them.

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Older Condos Plagued by High Maintenance Costs

The Wall Street Journal
By Dan S. Barnabic, June 12, 2014

Every time I am approached by condo buyers and owners alike, the most asked question is on the future of condominiums.

Practically speaking, condos will exist as a real-estate ownership option for as long as there are buyers willing to buy them — notwithstanding the inherent ownership related problems mentioned in my previous MarketWatch article: Should you Buy or Lease your Retirement Condo?

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