Quote:
Originally Posted by whatnext
The majority of NYC's older multifamily is co-op rather than strata. There you own a share, rather than an actual unit. Also the majority aren't the less durable wood frame.
In my experience a lot of condo owners think its going to be some low cost, nearly maintenance free existence. Its not. Having been through it I would never buy another condo, especially in Vancouver's investor-heavy buildings.
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No kidding. By and large, they're totally averse to anything that raises their maint fees and capital contributions. Penny smart and metric ton foolish.