Anyone own a condo? What were your reasons for buying a condo versus a single family home? Do you regret it? What are the pros and cons of having a condo?

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Buying a condo at your age is like buying a coffin. If I was buying a coffin, I’d buy one with thicker walls

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I’ve never been able to pull the trigger based on HOA fees, they seem absurd in many cases and are there for life.

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Bought one when I was 24 in a “younger” part of the city I live in. Live in a single family home now but still rent the condo out. Condos typically have way less maintenance than a single family home and are generally in more urban areas of town (ie close to restaurants and bars). If you can make it work, totally recommend it. Another option if you want a little more space is a townhome.

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Bought and still living in our condo for about a year. It's what we could afford at the time being close to the city in the bay area. Single family homes in our price were in not so safe neighborhoods and a farther commute in our opinion esp working busy season hours late nights.
We're planning to purchase a single family home down the line & rent this out but we're happy with our current condo choice. I thought it was a big regret knowing I always wanted a single family home but it's reality and I don't regret it anymore after adjusting.
Neighbors are nice, quiet neighborhood, condo quality is excellent - barely hear noises in-between walls, 24/7 security and other amenities from the HOA. Not really any cons that bothers me.

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Bought a condo a few years ago as I was wanted less maintenance and more security when traveling weekly. Was never meant to be a long term solution, and will turn into an investment property in the next year or two.

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You don’t “own” a coop, you own shares is one reason I went condo and I wanted to own my space. As PwC3 said there is more freedom with a condo as well, and you don’t have to get the boards approval to who you rent or sublet to, etc. Co-op can work for an investment property, but they tend to have stricter rules and regulations.

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I do. You save money on the price itself, property tax and insurance. The downside is the monthly HOA fee but in my case that is paid for by the former. It’s all based on how much space do you actually need and the location you desire.

Have a condo and love it. Super cheap, nice and practical. HOA/$138 condo/$100k

I’m in the SE, too, but don’t think I could get in that low. Jealous!

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