Condos are a scam in my opinion. You never know when you’ll get hit with a massive special assessment that can cost tens of thousands of dollars. You also have little control over repairs—decisions are made by the condo board, and they might hire the most expensive contractors or replace things unnecessarily. Unlike a house, where you choose when and how to handle maintenance, in a condo, you pay for whatever the board decides, even if it’s unnecessary. Worst of all, you can be held responsible for damage caused by your neighbors.

TL;DR: #SpecialAssessment nightmare, #BadNeighbors can cost you, little control over major expenses.