Quote:
Originally Posted by Northern
In this case these people aren't paying a lot for their repairs, only $6,000 each. It's not great, but not the end of the world. It's the highrise condos downtown that would worry me. Guaranteed, all of those buildings are going to get hit with special assessments at some point within the next 20 years.
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This could be a red flag - that these condo owners are going to get stiffed for very large amounts of money - bringing some of them close to bankruptcy. The biggest downside to condo ownership.
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