Why I Hate Buying Condos #shorts

8 Mar 2023

Watch on YouTube

This is a YouTube video titled "Why I Hate Buying Condos #shorts" featuring Neel Dhingra sharing his personal views on the challenges and risks associated with buying condos, particularly focusing on issues with condo associations, fees, maintenance, lawsuits, and their impact on investment value. The content is a monologue by Neel Dhingra recorded in March 2023.

So I got to be honest with you. I hate buying condos, because when you're buying a condo, you're also buying the association. Now, a few of these are run well, but many are not. I've seen condo projects where the fees are way too high. And some of these condo projects have let their common areas and facilities just go downhill. Some even have pending lawsuits, which makes it really difficult for buyers to get financing on these units. Now, all of the above affects the value of your investment, and the sad thing is you have zero control over it.