Go ahead and tell me about your condo that is up $500,000 in the last seven years. It happens.
I want to just point out some things if you still live/invest in an area where you could have a home without an HOA.
In some areas it is too late. Condos use to have $75 monthly dues.
Some condos have HOA bills that are $600 monthly or more. I have seen them for $1200 and a mortgage would be $900 a month additional.
Trailer parks use to have space rent that was $400-$1000 a month and your double wide was $20,000-$100,000+
Condo/townhouse hoa bills increase constantly and assessments come periodically. In my town one HOA neglected maintenance and the bill was $150,000 each unit. These people were retired teachers! Everyone had to leave.
I am just warning you that the good Ole days of condo ownership has passed and the new model represents an upgraded trailer park system where you just rent the space.
It is getting so bad in my state they opened up a government agency just to keep the HOAs in check.
Some agencies are based in London managing units in the USA.
Somebody on Reddit tried to warn you in 2026.
There are some lively HOA subs you should check out before investing in condos.
Condominiums are the modern day trailer park
byu/HalfwaydonewithEarth inrealestateinvesting
Posted by HalfwaydonewithEarth
1 Comment
i don’t really think that’s a great comparison. condos are just homes where you cant defer maintenance. that’s really it. your HOA fee is just shared costs and prorating out expected expenses properly. if you were to ‘force’ homeowners to do the same you’d see the reality that it’s just expensive to maintain a structure. labor in the USA is expensive, materials are expensive.
hoas are just mini government. if ‘your hoa sucks’ well, you are the hoa. do something about it. don’t want to co-own a building, yeah, probably don’t buy into one. like i overall agree that condos are the worst pieces of both owning and buying but in many cities homes under 1m just don’t exist. so its either rent forever, or buy a condo. and renting forever is perfectly okay in higher cost of living areas but people get stuck on home ownership as a concept.