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TopicWould you want to own an apartment
KingButz
03/30/23 12:04:09 PM
#22:


Single family homes require publicly subsidized infrastructure that condos generally do not (or do to a much lesser extent). Owners pay property taxes at the same % rate as condo owners do even though they own substantially more land. The value of single family homes is generally higher which makes it easier for owners to use the mortgage interest tax deduction.

These factors all contribute to why single family homes appreciate at a much higher rate than condominiums do.

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