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Post Reply Would You Buy A Condominium ?
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16 / M / Texas, United States
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Posted 8/1/17 , edited 8/2/17
I'd buy an apartment. If I have a family or whatever way down the road, I'd buy a house.
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UK
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Posted 8/1/17 , edited 8/2/17
In the UK all types of apartments are called flats. I can't see myself buying a flat in low rise or high rise building because there's no control over ground rent or extra charges for maintenance and repairs. There's many people in mixed renters and owners building that get stuck with the lion share of the bill when it come to maintenance work. Mostly those who were former renters who bought their properties or people who bought properties from those who changed from renters to buyers. The main owner of the building doesn't want to have the biggest bill so they shove as much as they can onto the flat owners of a building. Sometimes it's unnecessary for instance a former renter renewed their own windows within the limits of previous window type then a year or so later it's decided that the whole building needs updating and they're changing all the windows in the entire building. The flat owner then gets a big bill for their part of the maintenance. Renters don't have to pay a thing. There's also mixed social housing and private housing again with home owners and renters.

Top end flats sometimes have a concierge, maybe a gym and or pool but that's not guaranteed.

Some houses especially in cities and towns don't guarantee peace and quiet either. Terrace houses are stuck together so if the shared wall or walls have no sound proofing, you'll be hearing your neighbour a bit. Since many are old they don't have sound proofing and the newest ones on the lower end of the market have thin walls and smaller rooms because that's cheapest. You only have room to expand in sometimes in the front, in the back or maybe upward if you can get planning permission to do so. Lately in the cities some are expanding downward and there's areas where it causes rows with neighbours when they build super basements with 2 or more floors down.
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22 / O / Brazil/Portugal
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Posted 8/2/17 , edited 8/2/17
Security and being easier to keep the cats in make apartments ideal for me. But honestly, both have it's pros and cons and all of those depend a lot on the person.
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38 / M / Shanghai China
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Posted 8/2/17 , edited 8/2/17
I am thinking about buying one in shanghai at some point as I will need it to get married. Buying a house is out of the question because according to what my friends at work they tell me the Chinese government can come in an knock it down at any time and seize the land if they need it. The only exception is if you can prove the property is of historic value and even than that's not a guarantee as when the Chinese built that dam and flooded out a lot of historic villages and shrines.
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27 / M
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Posted 8/2/17 , edited 8/2/17

gsm642 wrote:

I am thinking about buying one in shanghai at some point as I will need it to get married. Buying a house is out of the question because according to what my friends at work they tell me the Chinese government can come in an knock it down at any time and seize the land if they need it. The only exception is if you can prove the property is of historic value and even than that's not a guarantee as when the Chinese built that dam and flooded out a lot of historic villages and shrines.


Ofc, the Chinese government can seize your land, you live in a communistic nation. Redistribution of wealth right? That's why people love Bernie Sanders.

Also, in the U.S., they can also take your land, it's called eminent domain.
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Posted 8/2/17 , edited 8/2/17

riverjustice wrote:

Ofc, the Chinese government can seize your land, you live in a communistic nation. Redistribution of wealth right? That's why people love Bernie Sanders.

Also, in the U.S., they can also take your land, it's called eminent domain.


There's a BIG difference when the government wants your land in a communist country vs the US.

This is the most recent example of eminent domain in AZ. This dragged on for YEARS because some homeowners didn't want to move or agree with the offer, the owners sued the government in court. The construction started a few months back so I think the remaining owners got the amount they wanted since then.

Moving to make room for new freeway
https://www.youtube.com/watch?v=EruKYs3p7Zc

ADOT begins to destroy Ahwatukee homes
https://www.youtube.com/watch?v=gkdcayViGms

Do people even bother suing the government in a communist country ?

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27 / M
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Posted 8/2/17 , edited 8/2/17

dulun18 wrote:


riverjustice wrote:

Ofc, the Chinese government can seize your land, you live in a communistic nation. Redistribution of wealth right? That's why people love Bernie Sanders.

Also, in the U.S., they can also take your land, it's called eminent domain.


There's a BIG difference when the government wants your land in a communist country vs the US.

This is the most recent example of eminent domain in AZ. This dragged on for YEARS because some homeowners didn't want to move or agree with the offer, the owners sued the government in court. The construction started a few months back so I think the remaining owners got the amount they wanted since then.

Moving to make room for new freeway
https://www.youtube.com/watch?v=EruKYs3p7Zc

ADOT begins to destroy Ahwatukee homes
https://www.youtube.com/watch?v=gkdcayViGms

Do people even bother suing the government in a communist country ?



No no no. I'm well aware the differences. I just don't want someone to come out and argue against me that the U.S can't do the same.
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Posted 8/2/17 , edited 8/2/17

riverjustice wrote:


gsm642 wrote:

I am thinking about buying one in shanghai at some point as I will need it to get married. Buying a house is out of the question because according to what my friends at work they tell me the Chinese government can come in an knock it down at any time and seize the land if they need it. The only exception is if you can prove the property is of historic value and even than that's not a guarantee as when the Chinese built that dam and flooded out a lot of historic villages and shrines.


Ofc, the Chinese government can seize your land, you live in a communistic nation. Redistribution of wealth right? That's why people love Bernie Sanders.

Also, in the U.S., they can also take your land, it's called eminent domain.


The big issue is that in china they don't have any good method for the value of your house.
At least in the U.S they got to pay some fair value (debatable). But at least you have some recourse, and room to debate.
While in china, they just give you squat for the land (for example i seen cases of people investing over 100,000 dollars into a home, unless to have the government give them 10,000 for it). This is the main reason nail houses happen in china, but the hard part is often times if the person doesn't move, or accept the construction company just cut off all the utilities to the nail house. That would be law suit central in the US.


http://www.businessinsider.com/what-are-chinese-nail-houses-2016-8/#the-last-house-in-this-area-of-guangzhou-stands-in-the-middle-of-a-construction-site-where-an-apartment-complex-will-be-built-6
Posted 8/2/17 , edited 8/2/17
Already have 2 a third condo would be to much..
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30 / M
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Posted 8/2/17 , edited 8/2/17

riverjustice wrote:


dulun18 wrote:


riverjustice wrote:

Ofc, the Chinese government can seize your land, you live in a communistic nation. Redistribution of wealth right? That's why people love Bernie Sanders.

Also, in the U.S., they can also take your land, it's called eminent domain.


There's a BIG difference when the government wants your land in a communist country vs the US.

This is the most recent example of eminent domain in AZ. This dragged on for YEARS because some homeowners didn't want to move or agree with the offer, the owners sued the government in court. The construction started a few months back so I think the remaining owners got the amount they wanted since then.

Moving to make room for new freeway
https://www.youtube.com/watch?v=EruKYs3p7Zc

ADOT begins to destroy Ahwatukee homes
https://www.youtube.com/watch?v=gkdcayViGms

Do people even bother suing the government in a communist country ?



No no no. I'm well aware the differences. I just don't want someone to come out and argue against me that the U.S can't do the same.


It all depends which state you live in. I know for a fact in Texas if you own the land, they can't take it away.
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26 / M / USA
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Posted 8/2/17 , edited 8/2/17
I'm buying a condo, don't care to do yard work.

16393 cr points
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Posted 8/2/17 , edited 8/2/17
Eminent Domain is a slippery beast. The bunghole I live in is having to buy up properties to conduct a road expansion, so they're tearing down houses built around the 50s or so, if not earlier, which includes some businesses. If those buildings won't sell for some reason, they may have to eminent domain them in order to complete construction. Cities do the same thing as they expand, 'annexing' neighboring, inconvenient towns.
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25 / M / CAN, ON
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Posted 8/2/17 , edited 8/2/17


Buy a house, and stop being Bamboozled.

Better to have owned something that you know will be a greater return than to slowly pay more and more for the same old set lifestyle that may or may not be worth it. Take a chance, or earn it

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F / Everywhere, No Where
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Posted 8/2/17 , edited 8/2/17
I want one as a rental property and for vacations. I'm not ready for a house, I'm still moving around and figuring out my life. But I want my kid and animals to have a fenced in yard. It was one of the best things at my house. It'll just be a small house and yard because that mantainence is not for me.
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26 / F / PA, USA
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Posted 8/2/17 , edited 8/2/17
No. I avoid living in the areas where condos usually are. Too urban, for me.
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