Condos are not advantageous to the owner. You're not building equity or able to ... | Hacker News

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pempem on July 3, 2021 | parent | context | favorite | on: Bay Area cities want to end single-family home zon...

Condos are not advantageous to the owner. You're not building equity or able to borrow on the value, just ensure a very slow growth investment at risk of value destruction at the hands of the condo board.

slashdev on July 4, 2021 [–]

> You're not building equity or able to borrow on the value.

You buy condos, you own them, and you can get a mortgage on them. I think you don't know what a condo is.

pempem on July 16, 2021 | [–]

Maybe not. Thanks Eloff.

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