this post was submitted on 17 Oct 2024
84 points (97.7% liked)
Asklemmy
43770 readers
1571 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What's your objection to condos in this case?
I live in an apartment co-op which in many ways is excellent. Highly efficient in both energy, economy and effort required from me. I'm not sure that I'll ever want to live in a house, this is probably the ideal state for me.
It may not be the case everywhere, but here condos are kind of a shit deal. They cost as much as a small house, they're very difficult to sell, and the board can force you to renovate your unit out of your own pocket.
The last one doesn't sound bad, but a big reason to buy a home is to fix your living expenses for retirement, and being told to tear out your flooring because Shelly upstairs likes muave and all units must now have muave floors can be a real problem.
It's worth pointing out the difference between condos and a co-op - here condos can be over 200k, which can be prohibive, whereas the buy-in for a co-op apartment is like 10k.
Co-ops are truly the way to go for housing.
200k or more is pretty normal for a unit in a coop here as well. Unfortunately.
Financialization of housing was a huge mistake, one we will pay for the rest of our lives.
Sheesh! What's the difference between co-op vs condo for you?
That the buildings are owned by the collective of the tenants, which they are in this case.