LogFAQs > #985619727

sfcalimari posted...

I always read that condos are pretty lousy to buy compared to a house. They don't appreciate in value as much, they're harder to insure, can be really hard to resell later on, and you have to deal with all the other owners and tenants in the building in terms of repairs etc. Obviously there's not really any houses in the north side, and the nearby inner suburbs are really pricey and have a lot of apartments/condos as well.

Can't imagine anyone has ever been able to do that.

That...is something to consider, for sure. That being said, where we're looking--Albany/North Park and Lincoln Square--looks to be appreciating in value rather quickly, and seems like hot places to live. So there is that?

Re condo vs. House: we don't want to deal with all the upkeep of a house. I'd rather pay HoA fees and have some of that taken care of for me (outside of special assessments, of course). Also, our household is literally just me, my wife, and our two (soon to be four?) cats. We don't need a house with that few people living here.

If we had kids I'd definitely be looking at a house.