LogFAQs > #972516931

KingButz posted...

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.

I always believed it's because of the HOA/Condo fees you're going to pay forever. And they aren't usually insubstantial and are only going to increase.

I know in Orlando at least if you were buying an apartment/condo for like $250k (not super realistic now but was like 4 years ago) then your HOA/Condo fees would have been more than both your monthly principal and interest. That's a tough pill to swallow.

So it's like I could buy a $250k condo or I could buy a $350k house and the monthly expenses is probably the same except on the house it's all going towards the house at least and not fees.